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PEDC Board Meeting Minutes <br />September 8, 2009 <br />Page 2 <br />The board convened into executive session at 4:27 p.m. pursuant to Section <br />551.087 of the Texas Government Code to discuss and deliberate on the following: <br />A. Section 551.087 - Economic Development Negotiations <br />B. Section 551.072 - Deliberation Regarding Real Property <br />Executive session ended at 5:04 p.m. Chad Brown moved to authorize Dan Smith <br />and the Board's attorney to negotiate and economic incentive agreement with Daisy <br />Farms to develop a commercial dairy operation in Lamar County which will add 100 new <br />full-time equivalent jobs within six years of the dairy beginning operation and 150 total <br />jobs by the end of 10 years following commencement of Dairy operations in return for <br />certain monetary economic commitments from the Paris Economic Development <br />Corporation as discussed in executive session. The motion passed unanimously on a <br />second by John Wright. <br />Chad Brown moved to authorize Dan Smith to negotiate and execute purchase of <br />land in the Industrial Park as discussed in executive session. The motion passed <br />unanimously on a second by Rick Poston. <br />Kenny Dority asked if anything has been done on the MOU between the Chamber <br />and PEDC and City. Kent McIlyar advised he would set up a meeting to discuss <br />concerns that the financial director has regarding the ageement. <br />With no further business to come before the board the meeting was adjourned at <br />5:08 P.M. <br />Respectfully submitted, <br />Mindy Moree <br />Chamber Director <br />. ~300 <br /> <br />