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PEDC Board Meeting Minutes September 15, 2020 Page 3 of 4 Ms. Hammond referenced a copy of the rail contract in board packets and requested approval. Dr. Hashmi made a motion to accept the contract with the changes Mr. Fendley suggested for matching the insurance certificate to the contract. Mr. Fendley seconded the motion. Vote was 7 -ayes to 0 -nays. Discuss and Consider Action on a Resolution to Su . ort the Mockingbird Solar Project Ms. Hammond stated the Board received a presentation for the Mockingbird Solar Project by Jordan Shontz of Orsted at the August 18'i' board meeting. At that meeting a motion was made to direct legal counsel to draft a resolution in support of the project, acknowledging it was a $400 million dollar capital investment into Lamar County. Board members reviewed the resolution provided in the board packet. Following discussion, Dr. Hashmi made a motion to approve the resolution. Mr. Pankaj seconded the motion. Vote was 7 -ayes to 0 -nays. Discuss and Consider Action on the Board's Interest in Convening,for an Orientation and Plannin Retreat Mr. Bray stated that the staff will be sending emails suggesting a few Friday afternoons to hold a retreat. No action was required on this item. Project Updates: • American SpiralWeld Pipe — Ms. Hammond visited with American SpiralWeld on their progress. Everything is on track. American is lacking one person for the leadership team. They will start hiring in the next few weeks. • Turner Industries — When visiting Turner, Ms. Hammond was informed the employee count is at 320. They will be hiring 10-15 more employees in the coming weeks. 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 • Project Rocket X Chairman Bray convened the Board into Executive Session at 7:00 p.m. Reconvene into O en Session and Consider Action on Items Discussed in Executive Session Chairman Bray reconvened the Board into Open Session at 7:54 p.m. Mr. Bray indicated that a couple of actions would be taken. He asked for a motion on the sale of PEDC property to TxDot. Dr. Hashmi made a motion that the contract/offer be approved as given to the Board. Mr. Fendley seconded the motion. Vote was 7 -ayes to 0 -nays.