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PEDC Board Meeting Minutes <br />November 10, 2017 <br />Page 3 of 3 <br />Convene into Executive Session: <br />a) Section 551.087; Deliberation of Economic Development Negotiations to deliberate <br />Commercial and Financial Information and Economic Incentives relating to the following: <br />Commercial real-estate development. <br />1) Project Orange Fire <br />2) Daisy Dairy <br />3) Huhtamaki <br />4) Project Iron Shovel <br />Chairman Manning convened the Board into executive session at 9:45 a.m. <br />Reconvene into Open Session and possibly take action on item(s) discussed in Executive Session. <br />Chairman Manning reconvened the Board into open session at 10:35 a.m. He asked if there was any <br />action on items discussed in Executive Session. Mr. Banks made a motion that we authorize the <br />Chairman to sign an option to purchase property of 20 plus acres on the Loop, commonly known as <br />Superior Switchboard property, in the amount of three hundred thousand dollars ($300,000), with a 90 - <br />day option, due to an industrial prospect that we have. Mr. Hamill seconded the motion. Vote was 4 - <br />ayes to 0 -nays. <br />Discuss Future Agenda Items. <br />No future agenda items were discussed. <br />Adiourn <br />Mr. Banks made a motion to adjourn. Mr. Manning seconded the motion. Vote was 4 -ayes to 0 -nays. <br />The meeting was adjourned at 10:36 a.m. <br />Respectfully submitted, <br />Paula Brownfield <br />Administrative Assistant <br />Paris Economic Development Corporation <br />