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PEDC Board Meeting Minutes <br />January 7, 2020 <br />Page 2 of 2 <br />Convene into Executive Session: <br />Pursuant to Section 551.087 of the Texas Government Code to (1) discuss or deliberate regarding <br />commercial or financial information that the governmental body has received from a business <br />prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of <br />the governmental body and with which the governmental body is conducting economic <br />development negotiations; or (2) to deliberate the offer of a financial or other incentive to a <br />business prospect described by Subdivision (1), to wit: <br />I Skinner <br />Chairman Hernandez convened the Board into Executive Session at 4:21 p.m. <br />Chairman Hernandezneconvened theoabd into open sessionan ytemi s p 4iscussed4in Executive Session. <br />i _ <br />p at 4:41 p.m. Dr. Hashmi made a motion to approve <br />the new incentive agreement for I Skinner. Mr. Pankaj seconded the motion. Vote was 4 -ayes to 0 -nays. <br />Adjourn <br />Dr. Hashmi made a motion to adjourn. Mr. Pankaj seconded the motion. Vote was 4 -ayes to 0 -nays. The meeting <br />adjourned at 4:42 p.m. <br />Respectfully submitted, <br />Paula Brownfield <br />Administrative Assistant <br />Paris Economic Development Corporation <br />