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Paris Economic Development Corporation <br />Called Meeting Minutes <br />July 23, 2012 <br />Board Members Staff <br />Present: Doug Wehrman, Chairman Present: Steve Gilbert, PEDC <br />Toni Clem Shannon Barrentine, PEDC <br />Bruce Carr <br />Kenny Dority <br />Ex- Officio Members Guest(s) <br />Present: John Godwin, City Manager Present: Charles Richards, <br />Pam Anglin, PJC President eParisExtra <br />Legal <br />Counsel: Kent McIlyar <br />Phil Smith <br />City Council <br />Liaison: None <br />Doug Wehrman, Chairman, called the meeting to order at 9:36 a.m. He welcomed those present. <br />The Board convened into executive session at 9:37 a.m. pursuant to Section 551.072, and Section 551.087 <br />of the Texas Government Code to discuss and deliberate on the following: <br />A. Section 551.072 - Real Property <br />B. Section 551.087 — Economic Development Negotiations <br />The Board re- convened into open session at 10:48 a.m. and took a 1 minute recess. As a result of executive <br />session discussion, the Board took the following action: <br />Toni Clem made a motion to approve the documents (Resolution, Note Purchase Guarantee and <br />Payback Agreement, Promissory Note, Deed of Trust and Assignment of Rental, Guarantee Agreement <br />with Stuart Lichter and Loan Agreement), subject to final legal counsel approval, between the Paris EDC <br />and 2020 Paris, LLC; seconded by Bruce Carr. Motion Carried 4 -0 <br />Bruce Carr made a motion to adjourn at 10:51 a.m.; seconded by Kenny Dority. Motion Carried 4 -0. <br />Respectfully submitted, <br />Shannon Barrentine <br />Asst. Executive Director <br />Paris EDC <br />