Discussion and possible action to authorize the execution of an earnest money contract for 10% of the total purchase price of $2,200,000.00 for the acquisition of the properties located at 720 Convent St. and 1101 Matamoros St., Laredo, Texas. [Executive Session may be requested pursuant to Texas Gov't. Code Section 551.071 - Consultation with Attorney and 551. and 551.072 - Deliberation Regarding Real Property]