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PEDC Board Meeting Minutes <br />Tuesday, March 21, 2023 <br /> Page 3 of 4 <br /> <br />Universal Fabricating USA, Inc: Ms. Hammond reported that the performance agreement between the PEDC <br />and Universal Fabricating had been executed on March 10, 2023, which was the day the project was <br />announced. She went on to note that they will hire their first local person this week and have had several <br />Canadians relocate to Lamar County. <br /> <br />Convene into Executive Session: <br /> <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 financial <br />or other incentive to a business prospect described by Subdivision (1), to wit: <br /> <br />a) Project Clydesdale <br />b) Project Star Port <br /> <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 /> <br />Chairman Bray convened the Board into Executive Session at 5:43 p.m. <br /> <br />Reconvene into Open Session and Consider Action on Item(s) Discussed in Executive Session <br /> <br />Chairman Bray reconvened the Board into Open Session at 6:40 p.m. <br /> <br />Mr. Coleman made a motion to approve the performance agreement for Project Star Port as presented. <br />Mr. Roddy seconded the motion. <br />Vote: 5-ayes to 0-nays <br /> <br />Mr. Coleman made a motion to amend Section 3.3 D.4 of the Lionshead agreement for an additional forty-five <br />days. Mr. Terrell seconded the motion. <br />Vote: 5-ayes to 0-nays <br /> <br />Discuss Future Agenda Items <br /> <br />No future agenda items were brought forward to discuss. <br /> <br />Closing Remarks <br /> <br />None <br /> <br />Adjourn <br /> <br />Mr. Coleman made a motion to adjourn the meeting. Mr. Roddy seconded the motion. <br />Vote: 5-ayes to 0-nays <br /> <br /> <br /> <br />