Staff said a red-lined development agreement with Broad Metro LLC for Stadium Trace Village phases 2'3 is in council packets and that fuller presentations by staff and the developer are scheduled for Monday; the council then voted unanimously to go into executive session to discuss a potential litigation matter.

Staff returned the second part of a previously discussed development agreement amendment with Broad Metro for Stadium Trace Phase 1 to extend project timelines and raise the maximum incentive cap in later years; staff said the amendment includes a 120‑day action requirement and clawback provisions if milestones are not met.

Dr. Lopez presented a multi-item FY2026 budget amendment reallocating nearly $3.5 million following changes to the South Shadescrest Road project, moving those funds toward a $4 million development incentive for Stadium Trace phases 2 and 3 and listing 19 separate budget actions.