Forney EDC Publicly Releases Developer Agreement in Advance of Tonight’s Council Vote

During tonight’s bi-monthly meeting of the Forney City Council it is expected that the council will finalize their pay-off to the Leon Capital Group by approving the Forney Economic Development Corporation to enter into a 380 Economic Development Agreement for the development of two fast food restaurants.

Unlike two weeks ago when the City Council voted 6-1 in front of an almost empty room to pay this developer approximately $400,000 from the city's coffers, without ever conducting a public discussion

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Council Members Plan to Pay Leon Capital $800,000 Disguised as Chapter 380 Agreement

For all the taxpayers who are following the irresponsible spending of the Forney City Council closely, it should be noted that the last Action Item listed on tonight’s council agenda, if approved will provide the Leon Capital Group with an agreement that pays them more than $800,000 in Economic Development incentives.

The Forney City Council will retire into Executive Session to deliberate paying the Leon Capital Group these funds under the legal guise of a Chapter 380 Economic Development Agreement.

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