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838 <br /> <br />President Guest announced that the Board would convene into executive session <br />pursuant to Section 551.072, Texas Government Code (The Texas Open Meetings <br />Act), to deliberate the purchase exchange, lease, or value of real property, where <br />deliberation in an open meeting would have a detrimental effect on negotiations with <br />a third person, to discuss the following: <br /> <br /> A. Purchase of real property for economic development purposes. <br /> <br />President Guest declared the executive session open and the regular session closed at <br />4:45 P. M. <br /> <br />President Guest declared the executive session closed and the regular session open at <br />5:14 P. M. <br /> <br />President Guest called for possible action regarding the purchase of real property for <br />economic development purposes. <br /> <br />A motion was made by Director Severson, seconded by Director Dunn, authorizing <br />the Gary Vest, Executive Director of the Paris Economic Development Corporation, <br />to pursue further negotiation regarding property that would be'of use for economic <br />development purposes. The motion carried unanimously. <br /> <br />There being no further business, the meeting was adjourned. <br /> <br /> JAY GUEST, PRESIDENT <br /> <br />ATTEST: <br /> <br />MATTIE CUNNINGHAM, CITY CLERK <br /> <br /> <br />