Aledo employees represented by the International Union of Operating Engineers Local 150 will receive a 2 percent increase in pay effective immediately.

Council members approved the contract following a half-hour closed session on Monday, the second such session of the evening.

No action followed the first hour-long closed session, held before the regular session, during the committee-of-the-whole meeting.

The meeting was to discuss the purchase of real estate.While the council declined to comment on the property discussed, Aledo Mayor Bill Breeden confirmed the Button Building and a $200,000 sale price was discussed at a tax-increment-financing committee meeting last week.

More than $500,000 in TIF incentives have been approved for the property since 2005.

In other business, the council approved a TIF redevelopment agreement with Mary Louck, owner of Mainstreet Antiques, for no more than $35,076.40. It also approved moving the downtown clock to a corner of Central Park and the adjacent parking lot.