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446 <br /> <br /> MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION <br /> REGULAR MEETING <br /> May 12, 1999 <br /> <br /> The Paris Economic Development Corporation met in a regular meeting on <br /> Wednesday, May 12, t999, 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: Jay Guest, Barney Bray, and Dick Amis. Also, <br /> present were ex-officio boardmembers Mayor Charles Neeley, Chamber President <br /> George Struve, City Manager Michael E. Malone, and Executive Director Gary <br /> Vest. <br /> <br /> President Rhodes welcomed City Councilmembers Gene McWaters, Richard <br /> Manning, and Michael Pfiester to the meeting of the Paris Economic Development <br /> Corporation. <br /> <br /> President Rhodes stated that the next item on the agenda was approval of the <br /> minutes from the previous meeting of the Paris Economic Development <br /> Corporation. He asked if there were any corrections or additions to the minutes <br /> of the previous meeting, and there were none. Boardmember Dick Amis made a <br /> motion, seconded by Boardmember Barney Bray, that the minutes be approved <br /> as presented. The motion carried unanimously. <br /> <br /> President Rhodes asked Gene Anderson, Director of Finance, to give the financial <br /> report for the month of April. Mr. Anderson gave the financial report. After <br /> discussion by the Board it was their consensus that before any more funds were <br /> expended in connection with the BITCO litigation that the whole situation needed <br /> to be assessed. It was the Board's position that Attorney Clark McCoy send a <br /> letter update to the Board in connection with the BITCO litigation. Mr. Anderson <br /> finished the financial report and said that he would be glad to answer any <br /> questions. Boardmember Bray made a motion, seconded by Boardmember <br /> Amis, that the financial report be approved as presented. The motion carried <br /> unanimously. <br /> <br /> President Rhodes asked Gary Vest to give the Director's Report. Mr. Vest <br /> discussed responses received due to the advertising program, and stated that <br /> next week the groundbreaking ceremony for Florida Power & Light is scheduled. <br /> He passed out information sheets concerning the relationship that has developed <br /> with Panda Energy, Florida Power & Light, and Lamar Power Partners. He <br /> discussed the Enterprise Project designation for Tuner International Piping <br /> Systems and he said that the State liked the application so much that they <br /> awarded an additional bonus project. Mr. Vest discussed the progress on paving <br /> the street in the Southwestern Industrial Park. President Rhodes asked for <br /> questions concerning Mr. Vest's report and there were none. <br /> <br /> President Rhodes stated the next item was development of the Annual Plan of <br /> Work. He asked Mr. Vest to review the Plan of Work for the Board. Mr. Vest <br /> discussed the Plan of Work for the past year covering items done to address <br /> each of the goals in this Plan and he discussed some changes that will be <br /> recommended for the Plan of Work for the upcoming year. Mr. Vest advised that <br /> the Annual Plan of Work and Budget must be submitted to the City Manager in <br /> July and the City Manager will present the Annual Plan of Work and Budget for <br /> the Paris Economic Development Corporation with the regular City of Paris <br /> Budget to the City Council. Mr. Vest stated that during the past year we retained <br /> the Paris Packaging Plant, we moved Buster Paving into our spec building, and <br /> <br /> <br />