ITEM TITLE:
Title
Pursuant to Section 307C.11, Title 25, Oklahoma Statute, consider convening in executive session for the purpose of conferring on matters pertaining to economic development, including the transfer of property, financing, or the creation of a proposal to entice a business to remain or to locate within our jurisdiction, as public disclosure of the matter discussed would interfere with the development of products or services and/or violate the confidentiality of the business and take any action in open session as deemed necessary.
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INITIATOR: John Andrew, City Attorney
STAFF INFORMATION SOURCE: John Andrew, City Attorney
BACKGROUND: The Lawton Economic Development Corporation (LEDC) is tasked with recruiting and retaining industrial development within the Lawton Community. To this end they have requested an opportunity to discuss with the Council an ongoing industrial development proposal that will include information that is considered confidential. Said discussion will include conferring on matters pertaining to economic development, the public disclosure of which would violate the confidentiality of prospective business entities. The City Attorney advises the City Council that the Council should determine that disclosure of such confidential communications between the Council and the LEDC regarding the above referenced item will seriously impair the development of the proposal and violate the confidentiality of prospective business entities involved, and from that determination, the Council should convene in executive session to discuss this matter.
EXHIBIT: None
KEY ISSUES: N/A
FUNDING SOURCE: N/A
STAFF RECOMMENDED COUNCIL ACTION: Take action in open session as deemed necessary.