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387 <br /> <br /> <br /> MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION <br /> REGULAR M EETING <br /> November 9, 1998 <br /> <br />-- he Paris Economic Development Corporation met in a regular meeting on <br /> Tuesday, November 9, 1998, at 4:00 P.M., in the City Council Chambers, City Hall, <br /> Paris, Texas. President Mike Rhodes called the meeting to order with the <br /> following boardmembers present: Dick Amis, Jay Guest, Barney Bray and Melba <br /> Harris. Also present were ex-officio boardmembers George Struve, Mayor <br /> Charles Neeley, County Judge Chuck Superville, Executive Director Gary Vest, <br /> City Manager Michael E. Malone, City Attorney Scott Foster, Dan Almon with <br /> Southwest Securities and Mr. Peter Tart with McCall, Parkhurst and Horton, L. L. <br /> P., bonding attorneys. <br /> <br /> President Rhodes stated that item number two on the agenda was receipt of bids <br /> for the sale of approximately $4,200,000.00 Taxable Sales Tax Revenue Bonds, <br /> Series 1998, and financial advisor's recommendation. Mr. Dan Almon stated that <br /> the bids were received by 4:00 P.M., which was the deadline, and he asked <br /> Finance Director Gene Anderson to open and read the bids. Mr. Anderson <br /> opened abd read each of the bids as follows: <br /> <br /> UNDERWRITER NAME NET INTEREST EFFECTIVE <br /> COST AMOUNT INTEREST <br /> RATE(%) <br /> <br /> Nike Securities $3,515.285.73 6.77188 <br /> First Union Capital Markets $3,593,063.44 6.9217 <br /> Southwest Securities $3,627.507.50 6.988 <br /> Salomon Smith Barney $3,476,997.19 6.698126 <br /> <br /> <br />