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465 <br /> <br /> PARIS ECONOMIC DEVELOPMENT CORPORATION <br /> Revenue Statement <br /> 1999-2000 <br /> <br /> Anticipated Cash Position 9/30/99 $791,446 <br /> (These funds will be carried over to '99-'00 budget) <br /> <br /> Revenue 1999-2000: <br /> Estimated Sales Tax $850,000 <br /> Estimated Interest 25,000 <br /> Paris Packaging Payments 384,000 <br /> Total Current Revenue 1,259,000 <br /> <br /> Total Resouzces 2,050;446 <br /> <br /> Committed <br /> Texas Air Quality Coalition 5,000 <br /> Bond Debt Payments 397,500 <br />_ Tttrner International Piping Systems 500,000 <br /> ($2,500,000 over 5 years) <br /> Chapman Loan Payments 53,906 <br /> Audit 3,500 <br /> Chamber of Commerce 183,441 <br /> <br /> TotalCommitment-of Existing Funds 1,143,347 <br /> <br /> Available Funds For Projects '99-'00 $907;099 <br /> Long Term Obligations (as of 9-30-99): <br /> <br /> Bonds Payable (over 19 years) $4,095,000 <br /> Chapman Loan (over 4 years) 202,950 <br /> TIPS (over 4 years) 2,000,000 <br /> <br />__ Total Long Term Obligations $6,297,950 <br /> <br /> After discussion by the Board, Boardmember Jay Guest made a motion, <br /> seconded by Boardmember Barney Bray that this resolution be adopted, and the <br /> Board voted unanimously to adopt the resolution. <br /> <br /> Resolution No. 99-004, approving the Annual budget for fiscal year 1999/2000. <br /> <br /> <br />