O. Real estate negotiations.

A meeting of a governmental body may be closed to discuss the consideration the governmental body is willing to offer or accept when considering the purchase, sale, exchange, lease, or market value of real property. Ala. Code § 36-25A-7(a)(6) (Supp. 2005). However, if an executive session is convened, in addition to the members of the governmental body, only persons representing the interests of the governmental body in the transaction may be present during the executive session. Also, the material terms of any contract to purchase, exchange, or lease real property must be disclosed in the public portion of a meeting prior to the execution of the contract. Id.

A meeting of a governmental body may not be closed pursuant to this real property discussion exception if (1) any member of the governmental body involved in the transaction has a personal interest in the transaction and attends or participates in the executive session concerning the real property, or (2) a condemnation action has been filed to acquire the real property involved in the discussion. Id.