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621 <br /> <br /> MINUTES OF THE PARIS ECONOMIC DEVELOPMENT <br /> CORPORATION <br /> ANNUAL MEETING <br /> JUNE 12, 2001 <br /> <br />The Paris Economic Development Corporation met for their annual meeting on <br />Tuesday, June 12, 2001, 4:00 P. M., at Heritage Hall, 1009 West Kaufman <br />Street, Paris, Texas. President Mike Rhodes called the meeting to order with the <br />following Directors present: Jay Guest, Michael Dunn, and Don Wall. Also <br />present were ex-officio boardmembers Bobby Walters, Terry Christian, <br />Executive Director Gary Vest, City Manager Michael E. Malone, Mayor <br />Michael J. Pfiester, City Attorney Larry Schenk, Director of Finance Gene <br />Anderson, and City Clerk Mattie Cunningham. <br /> <br />President Rhodes announced that the Directors had been furnished minutes of <br />previous meetings of the Paris Economic Development Corporation. He asked <br />if there were any corrections or additions to the minutes of the previous <br />meetings, and there were none. Director Don Wall made a motion, seconded <br />by Director Jay Guest, for approval of the minutes as presented. The motion <br />carried unanimously. <br /> <br />President Michael Rhodes asked Gene Anderson, Director of Finance for the <br />City of Paris, to give the financial report for May. <br /> <br />Mr. Anderson came forward stating that he would use the one page summary <br />and explained there is just a single expenditure on the expenditure side. He said <br />the PEDC financial is done separate from the city's and manual checks 'are <br />produced for the PEDC. The checks will be posted later, and they will not <br />show up until the June report. Mr. Anderson said the sales tax collection for the <br />month was $94,763.00, which includes the sales tax collection for June. The <br />interest payment of.$13,554.37 and the loan payment for Paris Packaging was <br />$32,000.00. Other expenditures that should have shown up, and did not show <br />up, were the rental of Heritage Hall of $45.00, payment for reimbursement of <br />the Chamber of Commerce for expenses connected to PEDC of $12,778.00, the <br />Chapman loan payment of $4,492.00, and the transfer due the I&S fund in order <br />to make the debt payment that is due in September. <br /> <br /> <br />