02/24/1994 MINUTES - Laserfiche WebLink

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13 MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPOHATION February 24, 1994 The Paris Economic Development Corporation met in a regular meeting on Thursday, February 24, 1994, 4:00 P.M., City Hall, City Council Chambers, Paris, Texas. Chairman Philip R. Cecil called the meeting to order with the following board members present: Eric Clifford, Curtis Fendley, Barney Bray, III. Also present were ex-officio board members, Jo Ann Parkman, Gary Ownings (representing Gary Cunningham) Michael E. Malone, City Manager,and T. K. Haynes, City Attorney, as counselor. Chairman Philip Cecil stated the first item on the agenda was the administering of the oath of office for the Ex-Officio "Members" not previously sworn, and City Attorney T. K. Haynes advised there was none present at this time. Chairman Cecil stated that the next item on the agenda was approval of the minutes from the previous meeting of the Paris Economic Development Corporation. Chairman Cecil asked if there were any corrections to the minutes of the previous meetings, there being none, Board member Eric Clifford made a motion, seconded by Board member Barney Bray, to approve the minutes as presented, and the motion was approved unanimously. Chairman Cecil stated that the next item on the agenda was the financial report, and he asked City Manager Malone if he would like to expand on this report. Mr. Malone introduced Gene Anderson, Finance Director, who stated that the report summarized the revenues for the months of October, November and December. He stated that the state collects a two percent fee, and keeps it for processing all the paperwork related to the tax as well as an additional amount for adjustments due to errors that might occur in reporting. Mr. Anderson advised that if there are no errors then they add this amount back to the next months check. He said the amount located in the last column is usually the payment amount the City receives. Mr. Anderson said the actual amount paid to the City for October, November and December is $192,221.21. Board member Eric Clifford wanted to know if the money was in an interest bearing account, and Mr. Anderson said it is currently in the consolidated account with the other multiple City funds collected and draws interest. Mr. Anderson said in the future when the Board will be expending funds, then it will be put in a separate interest bearing account which will require board members signatures on checks. Mr. Cecil stated that one of the principal reasons for the board meeting this afternoon was to hear from the consultants asked to make proposals to assist in the preparation of a strategic plan for the economic development of Paris, Texas. He stated that the Board had received proposals from the Cornerstone Group, Day and Associates, and the Pace Group. He noted that Day and Associates were represented at the meeting. Mr. Cecil said he had heard from Mr. Shelton of the Cornerstone Group, and a prior commitment had prevented him from being present at this meeting. Chairman Cecil said Mr. Shelton had asked if there were any questions in connection with his .proposal, and he advised him no there no questions. Mr. Cecil said the same thing was true regarding the representative of the Pace Group. Board member Eric Clifford made a motion, seconded by Board member Curtis Fendley, to receive proposals from consultants to assist in the preparation of a strategic plan for the economic development of Paris, Texas which carried 4 ayes, and 0 nays.