NOTICE OF REGULAR MEETING OF BOARD OF DIRECTORS OF CANTON ECONOMIC DEVELOPMENT CORPORATION (CEDC)  5:30 P.M., Tuesday, September 26, 2023 201 N. BUFFALO STREET, CANTON, TEXAS  CANTON CITY HALL  The Board of Directors oft 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, Corley Ragle, Justin Richard, Thomas Beckham, John Cheyenne Behrend, John McKeehan, and ex officio Lonny Cluck. CEDC Staff attending was Executive CEDC Director Stacy Crossley, Assistant Director Shelley Newton and Marketing Coordinator Austin Melton, Canton Director of Operations Peter  Lamont.  Minutes  1. Call to Order and Announce a Quorum = Kevin L. Diebert opened the meeting at  5:31pm  2. Invocation - Given by Kevin L. Diebert 3. Pledge of Allegiance - Lead by Kevin L. Diebert 4. Declarations Regarding Conflicts of Interest - None  5. Public Comments - None  CONSENT AGENDA  6. Consider Action Regarding Minutes of August 22, 2023 7. Consider Action Regarding August 2023 Financial Statement  DeAnne Callan made a motion to approve the Consent. Agenda as stated. Justin Richard seconded the motion, all voted ini favor and the motion passed.  Corley Ragle entered the meeting at 5:33 pm.  ITEMS FOR INDIVIDUAL CONSIDERATION  8. Discuss and consider a Development Agreement by and between the CEDC and City of Canton to acquire approximately 10.97-acres of land for a purchase price by Corley Ragle made a motion to approve Development Agreement by and between the CEDC and City of Canton to acquire approximately 10.97-acres of land for a purchase price by the CEDC of $3,000,000.00. John Cheyenne Behrend seconded the motion, all  the CEDC of $3,000,000.00.  voted in favor and the motion passed.  9. Updates and Community Announcements - Lonny Cluck  10. Canton Visitors Bureau and First Monday Marketing Report and Consider Any Action  Related Thereto - Austin Melton A. Marking Report B. First Monday Update    C. Special Events Update D. Projects Newton A.  11. Canton Main Street Reports and Consider Any Action Related Thereto - Shelley  Downtown Projects:  B. Downtown Business Development Activity: C. Downtown Events & Marketing John McKeehan entered the meeting at 5:49 pm  12. Executive Director's Report and Consider Any Action Related Thereto - Stacy  Crossley  A. CEDC Projects IF Partnership Update B. CEDC Business IA Administration C. Local Development Activity  COs Issued: CO's Applied: Commercial Projects: Residential Projects:  E. 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 13. Executive Session: The board entered closed executive session at 5:53 pm  Government Code, Section 551.087, 551.072,  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 HBIC LLC/Bluegrass Development Project, and retention, expansion and recruitment of commercial, industrial, retail, hospitality, sports, and family entertainment prospects B.5 551.072-tod deliberate the purchase, exchange, lease, or value ofr real property. 14. Return to Open Session and Consider Action, if any, on Items Discussed in Executive Session - The Board returned to regular session at 6:41 pm with no action taken 15. Public Hearing and Consider Adoption of Resolution No. 2023-07 Approving and Authorizing the execution of a real estate sales contract with EnviorLux Energy Company and any and all closing document necessary for the sale and conveyance of an approximately 1.5 = acres tract of land located in the Q. C. Nugent Survey Abstract NO. 618, City of Canton, Van Zandt County, Texas; Providing a Severability Public hearing was opened at 6:42 pm with no Comments made and the hearing was closed at 6:42 pm. Corley Ragle made a motion to approve Resolution No. 2023-07 Approving and Authorizing the execution of a real estate sales contract with EnviorLux Energy Company and any and all closing document necessary for the sale and conveyance of an approximately 1.5 - acres tract of land located in the Q. C. Nugent Survey Abstract NO. 618, City of Canton, Van Zandt County, Texas; Providing a  Clause, and Providing for an Immediate Effective Date.    Severability Clause, and Providing for an Immediate Effective Date. Thomas Beckham 16. Items for Future Agenda -Next monthly board meeting October 24, FYE 2022-2023 17. .Adjourn - The meeting was adjourned. at 6:43 pm upon motion made by Corley Ragle. The Motion was seconded by DeAnne Callan, all voted ini favor and the motion passed  seconded the motion, all voted in favor and the motion passed.  Budget Amendments unanimously  165 KEVINL. DEIBERT, PRESIDENT  ATTEST:  SAL SHELLEY NEWTON, SECRETARY