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5O <br /> <br /> <br />Board member Amis made a motion, seconded by Board member <br />Fendley that the Budget as discussed at this meeting be adopted <br />for Fiscal Year beginning October 1, 1994, and ending September <br />30, 1995, with the New Industry Projects amount being <br />$290,000.00, Existing Industry Projects amount being <br />$290,000.00, with a Debt Service or Force Account Subtotal of <br />$580,000.00, and it removes the by-law reserve contingency of <br />$100,000.00, and the rest remains the same assuming an income <br />of $700,000.00. The motion carried unanimously. <br /> <br /> RESOLUTION NO. 94-002 <br /> <br /> WHEREAS, the Paris Economic Development Corporation, in keeping with its bylaws, <br /> is obligated to have a budget prepared and approved and delivered to the City Manager of the <br /> City of Paris on or before June 30 of each year; and, <br /> <br /> WHEREAS, the budget attached hereto as Exhibit A is hereby presented by the <br /> Secretary-Treasurer, and it is appropriate that such budget be approved; NOW THEREFORE; <br /> <br /> BE IT RESOLVED BY THE PARIS ECONOMIC DEVELOPMENT <br />CORPORATION, that the budget attached hereto as Exhibit A be, and the same is hereby, <br />approved; and, <br /> <br /> BE IT FURTHER RESOLVED, that the Secretary-Treasurer be, and he is hereby, <br />directed to deliver the budget attached hereto as Exhibit A to the City Manager of the City of <br />Paris. <br /> <br /> PASSED AND ADOPTED this 30th day of June, 1994. <br /> <br /> Philip R. Cecil, President <br /> Curtis Fendley, Vice-President <br /> Rihard M. Amis, Secretary-Treasurer <br /> <br /> Leon Williams, Director <br /> <br /> Barney Bray, III, Director <br /> <br />ATTEST: <br /> <br />Richard Amis, Secretary-Treasurer <br />APPROVED AS TO FORM: <br /> <br />T. K. Haynes, City Attorney <br /> <br /> <br />