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After discussion of this item, Boardmember Don Wall returned to the closed <br /> session. <br /> <br /> C. Discuss possible incentives related to the location of a new business <br /> prospect. <br /> <br /> D. Discuss possible incentives related to the location of a new business <br /> prospect. <br /> <br /> E. Discuss possible incentives related to the relocation of a new <br /> business prospect. <br /> <br /> At 5:10 p.m. President Rhodes announced that the Board would go back in to <br /> open session. <br /> <br /> President Rhodes called for consideration of and action on a resolution <br /> approving a guaranty loan for Southwestern Foundry. <br /> <br /> A motion was made by Boardmember Don Wall, seconded by Boardmember <br /> Melba Harris, to table action on the resolution. The motion carried 4 ayes, <br /> with President Rhodes abstaining. <br /> <br /> President Rhodes called for consideration of and action on a resolution <br /> authorizing the acquisition of property from Union Pacific Railroad. <br /> <br /> A motion was made by Boardmember Melba Harris, seconded by <br /> Boardmember Guest, to table action on the resolution. The motion carried 4 <br /> ayes, with Boardmember Don Wall abstaining. <br /> <br /> President Rhodes asked if there was any other business and there being <br /> none, he declared the board meeting adjourned. <br /> <br /> MICHAEL RHODES, PRESIDENT <br /> <br />ATTEST: <br /> <br />MATTIE CUNNINGHAM, CITY CLERK <br /> <br /> <br />