2001-07-11-Minutes - Laserfiche WebLink

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MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION .:SPECIAL MEETING .JULY 11, 2001 The Paris Economic Development corporation met for special session on Tuesday, June 12, 2001, 4:00 P. M., at Heritage Hall, 1009 West Kaufman Street, Paris, Texas. President Mike Rhodes called the meeting to order with the following Directors present: Michael Dunn, and Don Wall. Also present were ex-officio Board Members Bobby Walters, and Terry Christian, Executive Director Gary Vest, City Attorney Larry Schenk, Director of Finance Gene Anderson, and City Clerk Mattie Cunningham. President Rhodes announced that the Directors had been furnished minutes of previous meetings of the Paris Economic Development Corporation. He asked if there were any corrections or additions to the minutes of the previous meeting, and there were none. Director Mike Dunn made a motion, seconded by Director Don Wall, for approval of the minutes as presented. The motion carried unanimously. President Michael Rhodes asked Gene Anderson, Director of Finance for the City of Paris, to give the financial report for May. Mr. Anderson came forward stating that he would use the one page summary again. Mr. Anderson said if the Board remembers that last month in May nothing got posted against the account, so what they will be seeing in the expenditures side is essentially two months worth of expenditures and not one month. Mr. Anderson said Paris Economic Development Corporation started out at.th? beginning of the month with a total amount of funds of $1,827,030.21, sales tax $64,898.16, interest $1,342.55, and Paris Packaging loan payment of $32,000.00. Mr. Anderson advised that the expenditures were the usual and customary type for a total of $36,935.26 leaving a balance of restricted and unrestricted funds of $1,888,335.70. A motion was made by Director Don Wall, seconded by Director Michael Dunn, for approval of the Financial Statement as presented. The motion carried