Which item could be legally discussed in a Planning Commission's closed session?

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Closed sessions are allowed for a few specific purposes under open meetings rules, mainly to protect confidential information and bargaining positions. Negotiating a contract with a potential consultant fits this, because it involves confidential terms and the ability to negotiate without public disclosure until a contract is awarded. The other items—holding a public hearing, drafting a zoning ordinance, or approving next year’s budget—are parts of the public decision-making process and must be conducted in an open meeting so the public can participate and stay informed. So a contract negotiation with a prospective consultant is the item that could legally be discussed in a closed session.