07/29/2016 MINUTES - Laserfiche WebLink

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PARIS ECONOMIC DEVELOPMENT CORPORATION SPECIAL MEETING Board Members Present: Richard Manning, Chair John Brockman, Vice -Chair Don Wilson, Secretary /Treasurer Ray Banks Derrick Hughes Ex- Officio Members Present: Legal Counsel: Call to Order: PEDC Board Room 1125 Bonham Street Paris, Texas 75460 Friday July 29, 2016 4:00 O'CLOCK P.M. MINUTES Staff Present: Michael Paris, Executive Director Paula Brownfield, Administrative Assistant Chris Stout, Office Assistant Guest(s) Present: Amanda Gohn, The Paris News City Council Liaison: Billy Trenado, City Council The July 29, 2016, special meeting of the Paris Economic Development Corporation was called to order by Mr. Manning at 4:00 p.m. Discuss and possibly approve revisions to PEDC 2016 -2017 Budget Per Citv Council's request. Mr. Paris started the budget topic by sharing with everyone that he took the 2016 -2017 PEDC Budget the Board approved on July 21, 2016, to the Paris City Council on Monday, July 25, 2016. The City Council did not approve the PEDC Budget at the meeting, although they shared their concerns about the budget, asked that changes be made, and that the PEDC bring those changes to the August 8, 2016, Council meeting. There were five areas of concern the Council had: 1. Council: Perceived overlap in Depot Operations. PEDC Discussion: We divided out the Utilities to get average monthly costs and put in $12,000 to cover utilities. Telephone /Communications was at $3000 until we realized the Director's phone of $2000 had not been included. The total went to $5000. Depot Operations was left at $15,000 so that we have as small amount left for any equipment problems. 2. Council: Spec Building Marketing is not needed in budget when the Spec Building has not been approved. PEDC Discussion: Omit the marketing since the Spec Building is not approved.