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225 <br /> <br /> President Cecil said that the Financial Report would be <br /> covered later in the meeting when Mr. Anderson is present. <br /> <br /> President Cecil stated that there would not be a President's <br /> Report given at this time. <br /> <br /> President Cecil asked Mr. Vest to make his report. Mr. Vest <br /> advised that due to advertising they had received fifty-eight <br /> responses since the last meeting. Mr. Vest said we had also <br /> received a prospect from T.U. Electric this month. <br /> <br /> Mr. Vest stated that in connection with the Rails To Trails <br /> the property has been railbanked and the Missouri Pacific has <br /> given that property to the Greater Paris Development <br /> Foundation. If we ever need to take rail back in order to <br /> serve an industrial site in East Paris or at the airport it <br /> will be available. He said the response from the cities up <br /> and down the line was unfavorable for a unified type trail. <br /> He said most of the cities such as Blossom and Detroit are <br /> only concerned with a local park. He said the general <br /> consensus was that we should just oarricade the trail and <br /> preserve it in a railbanking program. He said a task force <br /> has been appointed and there will be meetings to decide <br /> exactly what should be done. Mr. Vest said one of the key <br /> issues which involves us locally is the bridge that crosses <br /> Hwy 271. He said TxDOT wants to take that bridge out. He <br /> said he and Mr. Malone had visited with Steve Eckstrom and if <br />' TxDOT wants to take the bridge out we would let them if they <br /> would give us a written guarantee, that if in the future we <br /> want to run a rail spur to Cox Field Airport that TxDOT will <br /> replace the bridge. Mr. Eckstrom is working on this proposal <br /> at the present time. Mr. Vest said that TxDOT is obligated as <br /> long as it is in the railbanking program to leave those <br /> bridges in place. <br /> <br /> President Cecil asked Mr. Gene Anderson, Director of Finance, <br /> to give the financial report. Mr. Anderson gave the April <br /> report. Mr. Cecil called for questions and there were none. <br /> Boardmember Dick Amis made a motion, seconded by Boardmember <br /> Bray that the report be approved as presented. The motion <br /> carried unanimously. <br /> <br /> President Cecil asked City Engineer Earl Smith to give his <br /> report at this time. Mr. Smith did not have a video for his <br /> report, but stated that the BITCO Project is nearing <br /> completion and we are looking at a June 1, target deadline. <br /> Mr. Smith asked the Board if there was anything that he needed <br /> to be sure occurred with BITCO and the Board before they <br /> occupy the building. After discussion, it was the consensus <br /> of the Board to check with the City Attorney and see if the <br /> lease agreement Was already in place. City Manager Malone <br /> stated he would check with the City Attorney to see if <br /> anything was needed in connection with the BITCO Project. <br /> <br /> President Cecil stated the next item on the agenda was the <br /> development of an Annual Plan of Work for approval at the June <br /> meeting. Mr. Cecil stated that last year it was the consensus <br /> of the Board that development of the Annual Plan of Work and <br /> the development of the overall economic development plan for <br /> the year was basically the same item. This was the consensus <br /> of the Board for this year. The' Board directed Mr. Vest to <br /> develop the Annual Plan of Work for 1996/1997 and the overall <br /> economic development plan documents and have them at the June <br /> meeting. Mr. Vest noted that Councilman Charles Neeley was <br /> present and would like to address the board in connection with <br /> the overall economic development plan and the annual plan of <br /> work. <br /> <br /> <br />