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PEDC Board Meeting Minutes May 19, 2020 Page 2 of 3 to an existing policy, or to a staff person with specific factual information. Claims against the Paris EDC, Board Members or employees are not appropriate for citizens' input.) If necessary, the Paris Economic Development Corporation may convene into Executive Session under Chapter 551 of the Texas Government Code regarding any item on this agenda. Discuss and ossibl a rove Minutes of the A aril 21 2020 MonthlwMeetin and the Mav 12 2020 Special Meetin �. Chairman Hernandez asked if the Board reviewed the minutes. There were no comments or corrections. Mr. Pankaj made a motion to approve the minutes as presented. Ms. Bills seconded the motion. Vote was 5 -ayes to 0 -nays. Discuss andossibl a rove A aril 2020 Financials. Mr. Pankaj highlighted some of the major expenses. The PACE Group was paid $5,000.00 as part of the executive director search. There will be another payment to them in May. Under the New Industry Projects we spent a total of $62,794.41. GHD Services was paid $45,769.41 as part of the American project. $17,025.00 was paid for Land Development costs which are mainly clearing brush from PEDC properties. Chairman Hernandez stated that the large amount for GHD Services was actually for more than one month of billing. Ms. Bills made a motion to approve the April 2020 financials. Mr. Hamill seconded the motion. Vote was 5 -ayes to 0 -nays. Proect Updates: J. Skinner Bakery — this project is progressing well. The final rail agreement was completed and the work will be starting soon. Lionshead Specialty Wheel — Mr. Pankaj commented that we are still working closely with them. American SpiralWeld Pipe Environmental — everything is completed with the well and a final approval was given by GHD. Mr. Stout said that we are waiting on TECQ instructions on submitting the information. The testing is complete and we are in the paperwork stage. Convene into Executive Session: 1) Pursuant to Section 551.072 of the Texas Government Code to discuss and deliberate the purchase, exchange, lease, or value of real property. 2) Pursuant to Section 551.087 of the Texas Government Code to (1) discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1), to wit: • Project Rainwater Falls • J Skinner Bakery • Turner Industries