Board meets regarding SpaceX project - Brownsville Herald: Local News

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Board meets regarding SpaceX project

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Posted: Wednesday, July 30, 2014 10:01 pm

The Cameron County Space Port Development Corp. Board of Directors met in executive session for less than 30 minutes on Wednesday before adjourning into open session and acknowledging its actions in the closed session.

Board chairman Nick Serafy characterized the three items on the agenda for the special meeting as essentially bookkeeping matters.

The Cameron County Space Port Development Corp. was established to facilitate the development of the aerospace industry in CameronCounty starting with the SpaceX project, to develop a launch site at BocaChicaBeach. The proposed site is 17 miles east-northeast of the Brownsville/South Padre Island International Airport and approximately five miles south of South Padre Island.

The board met to confer with its legal counsel, Jim Allison of Austin, “regarding legal issues and requirements pertaining to application for Spaceport Development Trust fund funding, according to the agenda.

In open session the board agreed to proceed in the manner discussed in the executive session.

The board also conferred with Allison regarding legal issues and requirements pertaining to potential development agreements between the Cameron County Space Port Development Corp. In open session, the board acknowledged receiving Allison’s report on the matter.

Similarly, the board held “deliberations regarding business incentives for SpaceX.” In open session, it acknowledged receiving Allison’s report on the matter.

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