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PEDC Board Meeting Minutes <br />Monday, February 15, 2022 <br />Page 5 of 5 <br />The board is responsible for developing and submitting a proposal to utilize the funds along with continuous <br />engagement with local employers to identify current needs. She concluded the report by expressing her <br />excitement for the ideas that will be developed with the collaborated effort. <br />Chairman Bray thanked Dr. Anglin for her time contributed on the Business and Industry Survey. <br />No action was taken on these items. <br />Convene into Executive Session: <br />1) Pursuant to Section 551.072 of the Texas Government Code to discuss and deliberate the purchase, exchange, <br />lease, or value of real property. <br />2) Pursuant to Section 551.087 of the Texas Government Code to (1) discuss or deliberate regarding commercial or <br />financial information that the governmental body has received from a business prospect that the governmental <br />body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the <br />governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial <br />or other incentive to a business prospect described by Subdivision (1), to wit: <br />• Project Pecan Grove <br />• Project Red Maple <br />• Project Iron Horse <br />3) Section 551.071 of the Texas Government Code, Consultation with Attorney, to receive legal advice from the <br />PEDC Attorney about (1) pending or contemplated litigation and/or (2) on matters in which the duty of an <br />attorney to their client under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas <br />clearly conflict with this chapter, regarding potential loan to Paris Economic Development Corporation. <br />Chairman Bray convened the Board into Executive Session at 5:55 p.m. <br />Reconvene into Open Session and Consider Action on Item(s) Discussed in Executive Session <br />Chairman Bray reconvened the Board into Open Session at 6:23 p.m. <br />No action was taken on items from executive session. <br />Discuss Future Agenda Items <br />No future agenda items were brought forward to discuss. <br />Adiourn <br />Mr. Roddy made a motion to adjourn the meeting. Mr. Homer seconded the motion. <br />Vote was 6 -ayes to 0 -nays <br />Mr. Bray adjourned the meeting at 6:25 p.m. <br />Respectfully submitted, <br />Stephen Kelly'" <br />Executive Assistant <br />Paris Economic Development Corporation <br />