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Regular Council Meeting November 13, 2023 Page 7 Mr. Anderson said normally staff placed this item on the consent agenda but since there were several new Council Members, Mr. Path thought it was a good idea to have a presentation regarding the Annual Comprehensive Financial Report. Brandi Martin of McClanahan and Holmes explained the purpose of an audit and reviewed a summary of the audit. 26. Convene into executive session pursuant to: A. Section 551.071 of the Texas Government Code, Consultation with Attorney, to receive legal advice from the City Attorney about (1) pending or contemplated litigation and/or (2) on matters in which the duty of an attorney to her client under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflict with this chapter, as follows: Waste Water Treatment Plant Access Easement. B. Section 551.087 of the Texas Government Code, (1) to 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), as follows: West Gate Tax Abatement Agreement. Mayor Hughes convened City Council into executive session at 6:38 p.m. 27. Reconvene into open session and possibly take action on those matters discussed in executive session. Mayor Hughes reconvened City Council into open session at 7:12 p.m. and said there was no action to be taken. 28. Consider and approve future events for City Council and/or City Staff pursuant to Resolution No. 2004-081. Mayor Hughes said the annual Tree Lighting event was this Saturday, November 18th at 6:00 p.m. downtown. He also said there would be free wagon rides, live reindeer, Santa Claus and area choirs prior to the tree lighting. He reminded everyone that Small Business Saturday was November 25th from 11:00 a.m. to 4:00 p.m. in the Historic Downtown and the Christmas Parade was Saturday, December 2nd at 6:00 p.m.