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Chairman Bray provided commentary, stating that he is looking forward to the presentation and believes the <br />PEDC had a great year. He also directed board members to reach out to Ms. Hammond with any comments or <br />input into the 2023-2025 Plan of Work. <br />EDA Grant for Northwest Industrial Park: Ms. Hammond stated that progress is being made with the EDA <br />grant and the PEDC has established a separate non-interest-bearing account with Liberty National Bank, as <br />per EDA guidelines. She went on to note that the City's waterline plans are currently under review by the <br />EDA's legal team and that they have 30 days to respond to these plans. <br />LionsHead Specialty Tire & Wheel, LLC.: Ms. Hammond echoed Mr. Bray's earlier comments by thanking <br />those that were in attendance at the groundbreaking ceremony. She went on to note that it was a great <br />community event with an estimated 70 in attendance. Ms. Hammond closed by stating that work has started <br />and is continuing on site, but Archer is on hold until the City completes installation of the waterlines. <br />Ametsa Packaging: Ms. Hammond provided a brief update by stating that she has visited with Ametsa <br />leadership at the Paris facility and that they have started production with 3 lines along with 40 Full -Time <br />Employees. <br />Universal Fabricating: Ms. Hammond shared that Universal Fabricating is currently hiring for various positions <br />and asked members of the board to refer any potential candidates to the PEDC office. <br />Convene into Executive Session: <br />1) Pursuant to Section 551.087 of the Texas Government Code to (1) discuss or deliberate regarding <br />commercial or financial information that the governmental body has received from a business prospect <br />that the governmental body seeks to have locate, stay, or expand in or near the territory of the <br />governmental body and with which the governmental body is conducting economic development <br />negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described <br />by Subdivision (1), to wit: <br />a) Project Clydesdale <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 />Chairman Bray convened the Board into Executive Session at 5:45 p.m. <br />Reconvene into Open Session and Consider Action on Items Discussed in Executive Session <br />Chairman Bray reconvened the Board into Open Session at 6:36 p.m. <br />Mr. Fendley made the motion to approve the economic development incentive agreement between the <br />PEDC and Project Clydesdale as discussed in Executive Session and authorize Board Chairperson to <br />execute said agreement. <br />Mr. Homer seconded the motion. <br />Vote: 6 -ayes to 0 -nays <br />