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7. BOARD MEMBER COMMENTS <br />regarding matters appearing on agenda; recognition of community <br />members, city employees, and upcoming events; inquiry of staff regarding specific factual information <br />or existing policies. <br /> Board member Martin asked for an update on Fischer’s Do-It Best Hardware. Economic Development <br />Coordinator reported the project estimates have been revised and will be presented at the next on <br />November 11, 2015. <br />8. EXECUTIVE SESSION <br /> – The La Porte Development Corporation reserves the right to meet in executive <br />session on any agenda item should the need arise and if authorized by the Texas Open Meetings Act, <br />Title 5, Chapter 551, of the Texas Government Code, including, but not limited to, the following: <br />Texas Government Code, Section 551.072 – For the purpose of deliberating the purchase, exchange, <br />lease or value of real property: Meet with Economic Development Coordinator to discuss possible <br />purchase of real estate by the La Porte Development Corporation. <br /> Board members recessed the La Porte Development Corporation Board meeting to convene an <br />executive session at 5:45 p.m. to m <br />eet with Economic Development Coordinator to discuss possible <br />purchase of real estate by the La Porte Development Corporation. <br />9. RECONVENE <br />into regular session and consider action, if any, on items discussed in executive <br />session. <br />Board members reconvened into the La Porte Development Corporation Board meeting at 6:08 p.m. <br />There was no action taken <br />. <br />10. ADJOURN <br />There being no further business, Board member Martin moved to adjourn the meeting at 6:08 p.m. <br />MOTION PASSED <br />Board member Ojeda seconded. . <br />Respectfully submitted, <br />____________________________________ <br />Sharon Harris, Assistant City Secretary <br />Passed and approved on this 11 th day of November, 2015. <br />____________________________________ <br />President Richard Warren <br />Page 3 of 3 <br />October 28, 2015, La Porte Development Corporation Board Minutes <br /> <br />