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201 <br /> <br /> MINUTES OF THe PARIS ECONOMIC DEVELOPMENT CORPORATION <br /> REGULAR MEETING <br /> October 11, 1995. <br /> <br /> The Paris Economic Development Corporation met in a regular <br /> meeting on Wednesday, October 11, 1995, at 4:00 P.M., in the <br /> City Hall North Annex, Fire Training Room, Paris, Texas. <br /> President Philip Cecil called the meeting to order with the <br /> following boarclmembers present: Dick Amis, Curtis Fendley, <br /> Leon Williams and Barney Bray. Also present were ex-officio <br /> board members, Bill Vaughan, Ike Jewett, Michael E. Malone , <br /> City Manager and T. K. Haynes, City Attorney as Counselor. <br /> <br /> President Cecil stated that the next 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 /> meeting, and there being none the minutes stood approved as <br /> presented. <br /> <br /> President Cecil asked Gene Anderson to give the financial <br /> report. Mr. Anderson gave the report. President Cecil called <br /> for questions and there was none. Boardmember Fendley made a <br /> motion, seconded by Boardmember Amis that the report be <br /> approved as presented. The motion carried unanimously. <br /> <br /> President Cecil stated that he did not have a report to give at <br /> this time. <br /> <br /> President Cecil asked Mr. Vest to make his report. Mr. Vest <br /> introduced Mr. David Smith his new assistant. Mr. Smith said <br /> he had recently moved back to Paris from San Angelo. He said <br /> that he had a Business Administration Degree in Economics. Mr. <br /> Cecil welcomed Mr. Smith to the Paris Economic Development <br /> Corporation. <br /> <br /> Mr. Vest discussed the B & W Plant tour scheduled for Thursday, <br /> October 12, 1995, at 9:00 a.m. and attendance by the <br /> boardmembers. <br /> <br /> Mr. Vest said that due to advertising they had received five <br /> inquiries since the last meeting. Mr. Vest said he attended <br /> the Texas Economic Development Council Annual Conference in <br /> Irving. <br /> <br /> Mr. Vest gave an update on the BITcO Project. He said that the <br /> Northeast Texas Economic Development District had approved the <br /> equipment loan, and they had received the authorization from <br /> the E.D.A. for the loan. He said the S.B.A. portion of the <br /> program had been delayed. He said they had talked about doing <br /> a bank consortium with Nations Bank as the lead bank and for <br /> various reasons that has been delayed a couple of weeks. Mr. <br /> Vest advised in connection with agenda item no. 8-B that he <br /> does not plan to propose an amendment and there is no action <br /> needed at this time. President Cecil called for questions <br /> relating to BITCO and there were none. <br /> President Cecil asked Mr. Amis if he had anything to report at <br /> this time relating to the land. Mr. Amis stated it was still <br /> pending and there is no report at this time. <br /> <br /> <br />