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PEDC Board Meeting Minutes December 19, 2017 Page 2 of 3 motion to approve the October financials. Mr. Hughes seconded the motion. Vote was 5 -ayes to 0 - nays. Mr. Hernandez mentioned a few items on the November Cash Out sheet. Ms. Portugal attended the TEDC Sales Tax Workshop. Mr. Paris stated that Paula Portugal was reimbursed for the TEDC Workshop. Also, Randy Reese Drafting did drawings for a prospect that is looking at expansion. Mr. Banks asked about the difference in the Salary numbers between October and November. Mr. Paris said that we would look closer at the numbers and get back with him. He also asked about Cirro Energy and why they did not get paid. Ms. Brownfield answered that it depends on when we receive the invoice and when the City pays it. Mr. Banks made a motion to approve the November financials. Mr. Hamill seconded the motion. Vote was 5 -ayes to 0 -nays. Convene into Executive Session: a) Section 551.087; Deliberation of Economic Development Negotiations to deliberate Commercial and Financial Information and Economic Incentives relating to the following: Commercial real-estate development. 1) Discuss Land Purchase 2) Project Wind Cave 3) Project American SpiralWeld Chairman Manning convened the Board into Executive Session at 5:27 p.m. Reconvene into Open Session and possibly take action on item(s) discussed in Executive Session. Chairman Manning reconvened the Board into open session at 6:15 p.m. Mr. Banks made a motion to authorize staff to engage for a Phase I environmental study and a biotechnical study for the property on the northwest corner of the Industrial Park. Mr. Hughes seconded the motion. Vote was 5 -ayes to 0 -nays. Mr. Banks made a motion that we offer an additional forty (40) acres in the Industrial Park to be added to the one hundred and one (101) acres for American SpiralWeld. Mr. Hamill seconded the motion. Vote was 5 -ayes to 0 -nays. Discuss and possibly approve the quote on a yearly subscription to Demographics Now. The quote is $3,699.00 for a two -user subscription. Mr. Paris stated that Demographics Now is a tool that he and Mr. Stout use to get precise demographics information on labor, workforce, industry, and retail within a mileage radius. They have been using this program for the last two years through his graduate studies library website. Now the graduate program has eliminated the program from the website. This tool has tremendous value to us, since it gives us demographic information from purchasing power all the way to traffic counts. The $3,699.00 subscription is annually for two -users. Mr. Hamill commented that "it's like having an extra employee for $154.00 a month". Mr. Hamill made a motion to approve a yearly subscription to Demographics Now. Mr. Hernandez seconded the motion. Vote was 5 -ayes to 0 -nays. Discuss and approve the purchase of an I -Pad for the Executive Director. Mr. Paris said that his contract states that the PEDC will provide him a tablet. He reminded the Board that his tablet was stolen from his vehicle about a year ago. He had not purchased a replacement to