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Regular Council Meeting May 24, 2021 Page 6 Following additional discussion, a Motion to deny the request for disannexation was made by Council Member Savage and seconded by Mayor Pro -Tem Hughes. Motion carried, 5 ayes — 0 nays. 23. Convene into executive session pursuant to: A. Section 551.087 of the Texas Government code, (1) to 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), as follows: • First National Bank Building and associated properties • Downtown Development • Project Highway • Project Fast Track B. Section 551.072 of the Texas Government Code, to deliberate the purchase, exchange, lease or value of real property if deliberation in an open meeting would have a detrimental effect on the position of the governmental body in negotiations with a third person. Mayor Portugal convened City Council into executive session at 6:16 p.m. 24. Reconvene into open session and possibly take action on those matters discussed in executive session. Mayor Portugal convened City Council into open session at 8:04 p.m. and said there was no action to be taken. 25. Consider and approve future events for City Council and/or City Staff pursuant to Resolution No. 2004-081. Mayor Portugal asked that items be placed on the next agenda for the Charter Review Process and possibly scheduling a City Council Retreat or Workshop. Council Member Stone asked that an item be placed on the next agenda to consider changing the name of Johnson Street Park to Joan Mathis Park.