CALLED MEETING OF BOARD OF DIRECTORS OF CANTON ECONOMIC DEVELOPMENT CORPORATION  (CEDC)  5:30 P.M., TUESDAY, MAY 12, 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: 1st' Vice President Kevin Deibert, DeAnne Callan, Gary Hatfield, Larry Morgan, Joe Zoubi, and ex- officio Mayor Lou Ann Everett and Lonny Cluck, and Executive Director Julie Seymore and CEDC Asst. Director Stacy Crossley. Not in attendance were President John  McKeehan and 2nd' Vice President Rhita Koches.  1. Call to Order and Announce a Quorum = 1st Vice President Kevin Deibert announced  a quorum present and called the meeting to order at 5:36 p.m.  2. Invocation - Given by Kevin  3. Pledge of Allegiance done - Lead by Kevin Deibert 4. Declarations Regarding Conflicts of Interest - None  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 list of the second round of applicants. There were seven qualified applications that Mrs. Seymore presented that totaled in $32,200, bringing thet total grant amount given Motion to approve the applications and award the grants presented by Mrs. Seymore in the total amount of $32,2000 was made by Larry Morgan and seconded by DeAnne 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 The board convened in closed session at 5:40 p.m. to discuss the following:  to $198,170.  Callan with all in favor.  Government Code, Section 551.087.  6. Executive 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 Session: The Board reconvened in open session at 5:50 p.m. with no action taken.  project and recruitment of new commercial prospects    8. Items for Future Agendas - Next meeting will be held at 5pm on May 19th before the 9. Adjourn- The meeting was adjourned at 5:53 p.m. upon motion by Gary Hatfield and  City Council Meeting. second by. Joe Zoubi.  aNSLL John'T. McKeehan II, President  ATTEST:  Stacy Crossley,  Mb