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55 <br /> <br /> <br /> MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION <br /> August 25, 1994 <br /> <br /> The Paris Economic Development Corporation met in a regular <br /> meeting on Thursday, August 25, 1994, at 4:00 P.M., in the City <br /> Hall, City Council Chambers, Paris, Texas. Vice-President <br /> Curtis Fendley called the meeting to order with the following <br /> board members present: Dick Amis, Leon Williams and Barney <br /> Bray. Also present were ex-officio board members, Jo Ann <br /> Parkman, Ike Jewett (representing Gary Cunningham), Gary Vest, <br /> Economic Development Director, Michael E. Malone, City Manager, <br /> and T. K. Haynes, City Attorney, as counselor. <br /> <br /> Mr. Fendley stated that the first item on the agenda was <br /> approval of the minutes from the previous meeting of the Paris <br /> Economic Development Corporation. He asked if there were any <br /> corrections or additions to the minutes of the previous <br /> meetings and there was none. Board member Dick Amis made a <br /> motion, seconded by Board member Barney Bray, to approve the <br /> minutes as presented, and the motion was approved unanimously. <br /> <br /> Vice President Fendley asked Mr. Malone about the Financial <br /> Report, and he said Mr. Anderson would be available shortly to <br /> go over the report. Mr. Fendley stated they would pass this <br /> item and come back to it later in the meeting. <br /> <br /> Mr. Fendley stated that last month the Board discussed <br /> consideration of setting a permanent date and time for the <br /> meetings for this year. He said the Board had always met on <br /> the fourth Thursday of each month. He said the Mayor had <br /> requested the Board look at changing the date and time due to a <br /> conflict with the Ark-Tex Council of Governments meeting on the <br /> same Thursday each month. Mr. Fendley noted that the reason <br /> the meetings were set on the fourth Thursday was to coincide <br /> with the time Regular Council meetings were held in case there <br /> were items to come before the Council. Board member Bray <br /> suggested the meeting be moved up to the fourth Wednesday of <br /> the month if it was convenient for everyone. It was the <br /> consensus of the Board to set the regular meeting for each <br /> month to the fourth Wednesday of the month at 4:00 P.M. <br /> <br /> Mr. Malone stated that in September most of the Board and <br /> ex-officio members will attend the Texas Department of <br /> Transportation Commission meeting on September 28th and 29th. <br /> Vice-President Fendley stated that in September the Board <br /> needed to move the meeting to Monday or Tuesday of that week. <br /> After discussion among the board members, it was the consensus <br /> of the Board to set the meeting for September to Tuesday, <br /> September 27, 1994, at 4:00 P.M. <br /> <br /> Vice President Fendley said he had nothing to report in <br /> connection with the Chairman's Report at this time. <br /> <br /> Mr. Fendley said the next item on the agenda was the request of <br /> T & K Machine, Inc. and the Paris Industrial Foundation for the <br /> purchase of 16.66 acres. He stated approximately five years <br /> ago T & K Machine, Inc. purchased 16.66 of property from the <br /> Paris Industrial Foundation at a price of $1,000.00 per acre <br /> with the stipulation in the agreement that if purchaser of the <br /> property did not expand his plant or build on that site within <br /> five years the Industrial Foundation would purchase the <br /> property back from Mr. Westbrooks at the price paid for the <br /> property. <br /> <br /> <br />