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PEDC Board Meeting Minutes <br />Tuesday; October 18, 2022 <br />Page 3 of 4 <br />V. Atmos Easement: Ms. Hammond provided a brief update by stating that the agreements have been <br />executed and the check has been deposited in the appropriate account. She closed the report item by <br />thanking the board for being able to meet on short notice and for all the assistance they provided. <br />No questions followed these updates. <br />Convene into Executive Session: <br />1) 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 <br />financial or other incentive to a business prospect described by Subdivision (1), to wit: <br />Project Red Maple <br />Project Red Oak <br />Project Pumpkin <br />2) 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 />3) Pursuant to Section 551.074 of the Texas Government Code: 1) to deliberate the appointment, <br />employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee: or <br />2) to hear a complaint to charge against an officer or employee. Personnel. <br />Chairman Bray convened the Board into Executive Session at 5:37 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 />Mr. Fendley made the motion for the PEDC to enter into a lease agreement with Project Red Maple for office <br />space. <br />Mr. Homer seconded the motion. <br />Vote: 7 -ayes to 0 -nays. <br />Mr. Fendley made the motion to approve the land transaction discussed during the executive session under the <br />terms of the option agreement and authorize Mr. Bray, the PEDC Chairman to execute any and all documents in <br />order to close said land transaction. <br />Dr. Hashmi seconded the motion <br />Vote: 7 -ayes to 0 -nays. <br />Discuss Future Agenda Items <br />No future agenda items were brought forward to discuss. <br />Closing Remarks <br />None <br />