05/26/1994 MINUTES - Laserfiche WebLink

Home Browse Search

36 MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION May 26, 1994 The Paris Economic Development Corporation met in a regular meeting on Thursday, May 26, 1994, at 4:00 P.M., in the City Hall, City Council Chambers, Paris, Texas. Chairman Philip R. Cecil called the meeting to order with the following board me~bers present: Curtis Fendley, Leon Williams, and Dick Amis. Also present were ex-officio board members, Jo Ann Parkman, Ike Jewett (representing Gary Cunningham), Don Shelton, Bobby Walters, Michael E. Malone, City Manager, and T. K. Haynes, City Attorney, as counselor. Chairman Cecil made note that Board member Barney Bray was not present at this time, but there was a quorum present. Chairman Philip Cecil stated 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 or additions to the minutes of the previous meetings, and there being none they were approved as presented. Chairman Cecil asked Mr. Gene Anderson, Finance Director, to go over the financial report. Mr. Anderson stated that at the last meeting he had said he would provide a projection month by month of the revenues for this year. He asked the board to look at the report, and explained that the report reflected a minimum and a maximum estimate. He said the first six months up through May are actual receipts, and he explained the method used in figuring these amounts. He said one of the handouts is the Revenue Report which shows .the amount budgeted for Sales Tax Revenue for the year and the other handout reflects all the expenditures. He said if this format is not suitable to let him know. Chairman Cecil asked for any questions and there was none. Chairman Cecil asked City Engineer Earl Smith to make a report on the Soup Street Paving Project. Mr. Smith passed around a summary of the bids received which showed the unit prices bid on the job. Mr. Smith said as reflected in the bid tabulation the low bidder is Stephens & Sons. He said since the bid opening the City Council has authorized the award of the project, and the contractor has furnished his insurance and the bonds required to the City Attorney's office for examination. He said the contractor's time won't start until he receives the formal Notice To Proceed. Chairman Cecil questioned the payment arrangement. Mr. Smith said the payment arrangement will be that he will be allowed to submit monthly pay requests based on the percentage of completion in accordance with the unit price bid. Chairman Cecil wanted to know how long the job would take. Mr. Smith said he has allowed the contractor ninety days to substantial completion which means the road is in and being used for its intended purpose, and 120 days to final completion. Chairman Cecil asked City Manager Malone if he was asking this Board to make a decision on this project today, and Mr. Malone said no. Mr. Malone stated that a board member had requested this item be placed on the agenda for information. After discussion, the City Attorney Haynes said it would be appropriate to place on the next agenda for the June meeting authorization to fund the project. Mr. Cecil said he would like to discuss a concern one of the board members has regarding the twelve inch drive requirement. He asked City Manager Malone for comments concerning this matter.