NOTICE OF REGULAR MEETING OF BOARD OF DIRECTORS OF CANTON ECONOMIC DEVELOPMENT CORPORATION (CEDC)  5:30 P.M., Tuesday, February 27, 2024 CANTON CITY HALL 201 N. BUFFALO STREET, CANTON, TEXAS  The Board of Directors of the Canton Economic Development Corporation (CEDC) attended a regular meeting at the above-mentioned date and time. CEDC Board members present included: President Kevin L. Deibert, 1st' Vice Chair DeAnne Callan, Thomas Beckham, John McKeehan, John Cheyenne Behrend, Justin Richard, and ex officio Lonny Cluck. Staff attending was Executive CEDC Director Stacy Crossley, Assistant CEDC Director Shelley Newton and Marketing Coordinator Austin Melton. The board members not in attendance are Corley Ragle.  Minutes  1. Call to Order and Announce a Quorum = Kevin L. Deibert opened the meeting at  5:34pm  2. Invocation - Given by DeAnne Callan 3. Pledge of Allegiance - Lead by Kevin L. Deibert 4. Declarations Regarding Conflicts of Interest - None  5. Public Comments - None  CONSENT AGENDA  6. Consider Action Regarding Minutes of January 23, 2024 and Special Joint Meeting  Minutes from January 31, 2024  7. Consider Action Regarding January 2024 Financial Statement 8. Consider Action Regarding 2023 4th Quarter Investment Report  9. Consider Appointment to the Main Street Advisory Board new applicant: Elizabeth Hentschel with a term ending in 12/2026, and Jessica Henshaw with term ending in John Cheyenne Behrend made a motion to approve the Consent Agenda as stated with the correction made for Kevin Deibert's name spelling and Linda Benson to Candice Benson on open quorum and adjournment to Special Joint Meeting Minutes from January 31, 2024. DeAnne Callan seconded the motion, all voted in favor and the  12/2027  motion passed.  ITEMS FOR INDIVIDUAL CONSIDERATION  10. Consider Re-Appointments to the Canton Economic Development Corporation  Board for 2-year term from 3-2024/3-2026  Thomas Beckham Justin Richards John Cheyenne Behrend  DeAnne Callan made a motion to re-appoint Thomas Beckham, Justin Richard, and John Cheyenne Behrend for 2-year terms 3/2024-3/2026. Kevin Deibert seconded the  motion, all voted in favor and the motion passed.    11. Election of Board Officers  Justin Richard made a motion to approve Thomas Beckham as President, DeAnne Callan 1st Vice President, and Corley Ragle 2nd Vice. John Cheyenne Behrend seconded the motion, all voted in favor and the motion passed. 12. CYRA Representatives request for assistance  Thomas Beckham made a motion to approve CEDC giving CYRA $10,000 for assistance. Justin Richard seconded the motion, all voted in favor and the motion 13. Paul Michael request for assistance = Paul Michael addressed the CEDC with 14. Consider Recipient of Economic Impact Award to be Presented at the Annual Community Awards Gala hosted by the Canton Texas Chamber of Commerce Thomas Beckham made a motion to approve Mitchell Kaufman as Recipient of Economic Impact Award to be Presented at the Annual Community Awards Gala hosted by the Canton Texas Chamber of Commerce. DeAnne Callan seconded the motion, all  passed.  request for assistance.  voted in favor and the motion passed. 6:16 pm John McKeehan entered the meeting.  15. Consider Adoption of Resolution No. 2024-03 Approving and Authorizing the Execution of al Purchase and Sale Agreement any All Documents Necessary for the sale conveyance of an approximately 7.301+- Acre Tract of Land, Located in the James Douthit Survey Abstract NO. 198 City of Canton, Van Zandt County, Texas; Providing a Severability Clause; And Providing For An Immediate Effective Date. Justin Richard made a motion to Adoption of Resolution No. 2024-03 Approving and Authorizing the Execution of a Purchase and Sale Agreement any All Documents Necessary for the sale conveyance of an approximately 7.301+- Acre Tract of Land, Located in the James Douthit Survey. Abstract NO. 198 City of Canton, Van Zandt County, Texas; Providing a Severability Clause; And Providing For An Immediate Effective Date. DeAnne Callan seconded the motion, all voted in favor and the motion  passed.  16. Updates and Community Announcements - Lonny Cluck  17. Canton Visitors Bureau and First Monday Marketing Report and Consider Any Action  Related Thereto - Austin Melton A. Marketing Report B. First Monday Update C. Special Events Update  18. Canton Main Street Reports and Consider Any Action Related Thereto = Shelley  Newton  A. Downtown Projects: B. Downtown Business Development Activity: C. Downtown Events & Marketing    19. Executive Director's Report and Consider Any Action Related Thereto- - Stacy  Crossley  A. CEDC Projects / Partnership Update B. CEDC Business /Administration C. Local Development Activity  COs Issued: CO's Applied: Commercial Projects: Residential Projects  D. Community Event Announcements  When necessary and warranted, a closed or executive session will follow pursuant to the provision of the Texas Open Meetings Act, Chapter 551 of the Texas 20. Executive Session: The board entered closed executive session at 6:43 pm  Government Code, Section 551.087, 551.072, 551.071  A. 551.087 - to deliberate commercial or financial information the CEDC has received from a business prospect, and to deliberate the offer of a financial or other incentive to business prospects, including CYRA, Paul Michales, Native Son, and retention, expansion, and recruitment of commercial, industrial, retail, B. 551.072-tod deliberate the purchase, exchange, lease, or value of real property. C.5 551.071 - to seek legal advice from the CEDC Attorney regarding pending or contemplated litigation or to receive legal advice regarding = loan assistance  hospitality, sports, and family entertainment prospects,  for the purpose of land acquisition and infrastructure.  21. Return to Open Session and Consider Action, if any, on Items Discussed in Executive Session - The Board retumned to regular session at 7:05 pm. Justin Richard made motion to approve Stacey Crossley moving forward on CEDC purchasing old Plaza lot. DeAnne Callan seconded the motion, all voted in favor and the motion passed.  22. Items for Future Agenda - March 26th is next month's meeting.  23. Adjourn - The meeting was adjourned at 7:06 pm upon motion made by. John Cheyenne Behrend. The Motion was seconded by Thomas Beckham, all voted in  favor and the motion passed unanimously.  IORNSN KEVINL. DEIBERT, PRESIDENT  ATTEST:  Shlelk SHELLEY NEWTON, SECRETARY