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Regular Council Meeting March 8, 2021 Page 6 A Motion to convene into executive session pursuant to Section 551.071 was made by Council Member Portugal. Motion failed 3 ayes — 4 nays, with Council Members Stone, Savage, Hughes and Knox casting the dissenting votes. Following additional discussion, a Motion to forgive the rent through May 2021 and cut the rent in half from June 2021 through December 2021, was made by Council Member Savage and seconded by Council Member Pilgrim. Motion carried, 7 ayes — 0 nays. 16. 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 associate properties. B. Section 551.071 of the Texas Government Code, Consultation with Attorney, to receive legal advice from the City Attorney about (1) pending or contemplated litigation and/or (2) on matters in which the duty of an attorney to her client under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflict with this chapter, regarding potential loan to Paris Economic Development Corporation. Mayor Clifford convened City Council into executive session at 6:53 p.m. 17. Reconvene into open session and possibly take action on those matters discussed in executive session. Mayor Clifford reconvened City Council into open session at 7:08 p.m. A Motion to authorize the City Attorney to work with the PEDC's attorney regarding a potential loan to the Paris Economic Development Corporation was made by Mayor Clifford and seconded by Council Member Knox. Motion carried, 7 ayes — 0 nays. 18. Consider and approve future events for City Council and/or City Staff pursuant to Resolution No. 2004-081. None were referenced.