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7. BOARD MEMBER COMMENTS 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—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 meet with Economic Development Coordinator to discuss possible <br /> purchase of real estate by the La Porte Development Corporation. <br /> 9. RECONVENE 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 /> 10. ADJOURN <br /> There being no further business, Board member Martin moved to adjourn the meeting at 6:08 p.m. <br /> Board member Ojeda seconded. MOTION PASSED. <br /> Respectfully submitted, <br /> Sharo Harris,Assistant City Secretary <br /> Passed and approved on this 11th day of November, 2015. <br /> President/Richard Warren <br /> Page 3 of 3 <br /> October 28,2015,La Porte Development Corporation Board Minutes <br />