CALLED MEETING OF BOARD OF DIRECTORS OF CANTON ECONOMIC DEVELOPMENT CORPORATION  (CEDC)  5:30 P.M., TUESDAY, MAY 5, 2020  CANTON CITY HALL, CITY COUNCIL CHAMBERS 201 N. BUFFALO STREET, CANTON, TEXAS  MINUTES  The Board of Directors of the Canton Economic Development Corporation (CEDC) attended a called meeting at the above mentioned date and time. CEDC board members present included: President John McKeehan, 1st Vice President Kevin Deibert, 2nd Vice President Rhita Koches, DeAnne Callan, Gary Hatfield, Larry Morgan and ex- officio Lonny Cluck, and Executive Director Julie Seymore, CEDC Asst. Director Stacy Crossley. Not in attendance were Joe Zoubi, and ex- 1. Call to Order and Announce a Quorum - President John McKeehan announced a  officio member Mayor Lou Ann Everett.  quorum present and called the meeting to order at 5:30 p.m.  2. Invocation - Given by Deane Callan 3. Pledge of Allegiance - Lead by John McKeehan  4. Declarations Regarding Conflicts of Interest - Larry Morgan declared a conflict of 5. Discussion and Action Authorizing Certain Financial Assistance up to $5,000.00 each for Businesses Located within the City of Canton, Texas Who Have been Significantly Impacted by COVID-19 Restrictions Mrs. Julie Seymore presented the board with a Motion to approve the applications and award the grants as presented by Mrs. Seymore ini the total amount of $73,150 was made by Kevin Deibert and seconded by Rhita Koches. Motion passed with Larry Morgan abstaining and all others voting in 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  interest on item 5 as owner of Serendipity Consignment Boutique.  list of sixteen applicants with grants totaling $73,150.  favor.  Government Code, Section 551.087.  6. Executive Session: The board did not convene in closed session.  A. Section 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 but not limited to a mixed-use development 7. Return to Open Session and Consider Action, if any, on Items Discussed in Executive  project and recruitment of new commercial prospects.  Session  8. Items for Future Agendas - None    9. Adjourn: The meeting was adjourned at 5:40 p.m. upon motion by Kevin Deibert and  second by Gary Hatfield.  AaukL John T. McKeehan II, President  Stacy  54