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PEDC Board Meeting Minutes <br />Tuesday, August 17, 2021 <br />Page 3 of 3 <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, or value 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 <br />of the governmental body and with which the governmental body is conducting economic <br />development negotiations; or (2) to deliberate the offer of a financial or other incentive to a <br />business prospect described by Subdivision (1), to wit: <br />• Project Highway <br />• Project Iron Horse <br />• Project Rocket X <br />• Project Fast Track <br />• Project Mustang <br />• Project Green Light <br />3) Section 551.071 of the Texas Government Code, Consultation with Attorney, to receive legal <br />advice from the PEDC Attorney about (1) pending or contemplated litigation and/or (2) on <br />matters in which the duty of an attorney to their client under the Texas Disciplinary Rules of <br />Professional Conduct of the State Bar of Texas clearly conflict with this chapter, regarding <br />potential loan to Paris Economic Development Corporation. <br />Chairman Bray convened the Board into Executive Session at 5:43 p.m. <br />Reconvenewnto Offen Session and, Consider Action on Item ;J <br />µi}iscussed in Executive Session <br />Chairman Bray reconvened the Board into Open Session at 6:12 p.m. <br />Mr. Fendley made the motion to approve the option to purchase agreement for Project Highway as presented in <br />Executive Session and authorize Board Chairperson Josh Bray to execute. Mr. Coleman seconded the motion. Vote <br />was -3 -ayes to 0 -nays. <br />Discuss Future Agenda Items <br />No future agenda items. <br />Ad'ourn <br />Mr. Roddy made a motion to adjourn the meeting. Mr. Coleman seconded the motion. Vote was 5 -ayes to 0 -nays. <br />Mr. Bray adjourned the meeting at 6:13 p.m. <br />Respectfully submitted, <br />Stephen Kelly <br />Executive Assistant <br />Paris Economic Development Corporation <br />