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Convene into Executive Session: <br />PEDC Board Meeting Minutes <br />July 21, 2020 <br />Page 4 of 4 <br />1) Pursuant to Section 551.072 of the Texas Government Code to discuss and deliberate the <br />purchase, exchange, lease, or value of real property. <br />2) Pursuant to Section 551.087 of the Texas Government Code to (1) discuss or deliberate <br />regarding commercial or financial information that the governmental body has received from a <br />business prospect that the governmental body seeks to have locate, stay, or expand in or near <br />the territory of the governmental body and with which the governmental body is conducting <br />economic development negotiations; or (2) to deliberate the offer of a financial or other <br />incentive to a business prospect described by Subdivision (1), to wit: <br />• D6 <br />• Lionshead <br />Chairman Bray convened the Board into Executive Session at 6:20 p.m. <br />Reconvene into O yen Session and ossibl take action on items discussed in Executive Session. <br />Chairman Bray reconvened the Board into Open Session at 6:57 p.m. <br />Dr. Hashmi made a motion on the first item, the property on the South Loop, that the property not be sold. Ms. Bills <br />seconded the motion. Vote was 6 -ayes to 0 -nays. <br />Discuss Future A Benda Items. <br />Mr. Pankaj asked to discuss the meeting times at our next meeting. Dr. Hashmi asked for subcommittees to be <br />formed to talk to existing and new companies. <br />Adjourn <br />The meeting adjourned at 7:00 p.m. <br />Respectfully submitted, <br />Paula Brownfield q� <br />Administrative Assistant <br />Paris Economic Development Corporation <br />