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PEDC Board Meeting Minutes <br />June 15, 2021 <br />Page 3 of 3 <br />• Metro Gate Manufacturing — The 20,000 square feet of construction is completed with another 5,000 SF <br />under construction. Also, they have hired 15 new employees. <br />Convene into Executive Session: <br />1) Pursuant to Section 551.072 of the Texas Government Code to discuss and deliberate the purchase, <br />exchange, lease, orvalue of real property. <br />2) Pursuant to Section 551.087 of the Texas Government Code to (1) discuss or deliberate regarding <br />commercial or financial information that the governmental body has received from a business <br />prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of <br />thegovernmental body and with which the governmental body is conducting economic development <br />negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect <br />described by Subdivision (1), to wit: <br />• Project Highway <br />• Project Rocket X <br />• Project Fast Track <br />• Project Blue Fish <br />• Project Mustang <br />Chairman Bray convened the Board into Executive Session at 5:45 p.m. <br />Reconvene into Open Session and Consider Action on Items Discussed in Executive Session <br />Chairman Bray reconvened the Board into Open Session at 6:14 p.m. <br />Discuss Future enda Items <br />No future agenda items. <br />Adjourn <br />Dr. Hashmi made a motion to adjourn the meeting. Ms. Bills seconded the motion. Vote was 4 -ayes to 0 -nays. Mr. <br />Bray adjourned the meeting at 6:15 p.m. <br />Respectfully submitted, <br />� u <br />Paula Brownfield <br />Administrative Assistant <br />Paris Economic Development Corporation <br />