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PEDC Board Meeting Minutes Tuesday, February 21, 2023 Page 2 of 3 Discuss and Consider Ap rovalof the Minutes of the Re glar Meetiny held January 17. 2023 Mr. Fendley made a motion to approve the January 17, 2023, minutes. Mr. Homer seconded the motion. Vote: 6 -ayes to 0 -nays Discuss and Consider A royal of the Januar 2023 Financial Statements Secretary and Treasurer Chase Coleman presented financial reports ending January 31, 2023. Following discussion, Mr. Homer inquired about having historical data of the PEDC's financial statements added to the financials for review. After a brief discussion amongst members of the board, the discussion concluded. Mr. Terrell moved to approve the January 2023 financial reports. Mr. Roddy seconded the motion. Vote: 6 -ayes to 0 -nays Convene into Executive Session: 1) Pursuant to Section 551.087 of the Texas Government Code to (1) discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1), to wit: a) Project Clydesdale b) Project Red Maple c) Project Star Port Chairman Bray convened the Board into Executive Session at 5:35 p.m. Reconvene into Open Session and Consider Action on Items Discussed in Executive Session Chairman Bray reconvened the Board into Open Session at 5:18 p.m. Mr. Fendley made the motion to approve the performance agreement for Project Red Maple as discussed in executive session and authorize the Board Chairperson to execute said agreement. Mr. Homer seconded the motion. Vote: 6 -ayes to 0 -nays Discuss Future Agenda Items No future agenda items were brought forward to discuss. Closin Remarks None