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Regular Council Meeting <br />February 14, 2022 <br />Page 7 <br />informed City Council that at the same time the City was approached by another company and <br />the City was working with them too. He said the City does not give exclusive franchises to <br />entities and would develop a fair equal agreement for both companies. Mr. Path also said that <br />staff would be meeting soon with Mr. Kines to begin negotiations. Mr. Path encouraged City <br />Council to allow him and City Attorney Stephanie Harris to continue to work with Mr. Kines and <br />the other company, in order to develop a final document and bring back to Council for <br />consideration. <br />Council Member Stone expressed appreciation for staff meeting with them and said the <br />service was needed in Paris. She said she understood it was more complicated and took time. <br />Mayor Portugal said she appreciated staff's due diligence. <br />19. Convene into executive session pursuant to Section 551.087 of the Texas Government <br />Code, (1) to discuss or deliberate regarding commercial or financial information that the <br />governmental body has received from a business prospect that the governmental body <br />seeks to have locate, stay, or expand in or near the territory of the governmental body and <br />with which the governmental body is conducting economic development negotiations; or <br />(2) to deliberate the offer of a financial or other incentive to a business prospect described <br />by Subdivision (1), as follows: retail development. <br />Mayor Portugal convened City Council into executive session at 6:25 p.m. <br />20. Reconvene into open session and possibly take action on those matters discussed in <br />Executive Session. <br />Mayor Portugal reconvened City Council into open session at 6:47 p.m. and said there <br />was no action to be taken. <br />21. Consider and approve future events for City Council and/or City Staff pursuant to <br />Resolution No. 2004-081. <br />There were no future events referenced. <br />22. Adjournment. <br />There being no further business, A Motion to adjourn was made by Council Member <br />Savage and seconded by Council Member Pankaj. Motion carried, 6 ayes — 0 nays. Mayor <br />Portugal adjourned the meeting at 6:47 p.m. <br />Ty�,,, <br />,Ilk ikw <br />PAULA PORTUGAL AYOR <br />NICE ELLIS, ITY CLEV,o•... 'S <br />