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4A Wichita Falls Economic Development Minutes - 10/20/2015MINUTES OF THE WICHITA FALLS ECONOMIC DEVELOPMENT CORPORATION R am Mayor and City Council Chamber of Commerce and Industry Dick Bundy called the meeting to order at 3:05 p.m. Leo Lane moved, seconded by Reno Gustafson, that the minutes be approved. The motion carried. 3. EXECUTIVE SESSION Mr. Bundy adjourned the meeting into executive session at 3:06 p.m. pursuant to TEXAS GOVERNMENT CODE §§ 551.072 and 551.087. He closed the executive session and announced the meeting back into regular session at 3:27 p.m. lie declared that the subjects described in the certified agenda were deliberated and no further action was taken. 4. Discussion regarding WFEDC processes, procedures, and guidelines. Mr. Kevin Pearson gave a Power Point presentation on the Wichita Falls Economic Development Corporation processes. He discussed purpose, source of leads, incentive calculations, bow a for:.. al proposal is generated and various other duties in bringing new business opportunities to Wichita Falls. 2