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695 <br /> <br /> MINUTES OF THE PARIS ECONOMIC DEVELOPMENT <br /> CORPORATION SPECIAL MEETING <br /> March 20, 2002 <br /> <br />The Paris Economic Development Corporation met in regular session on <br />Wednesday, March 20, 2002, 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: Curtis Fendley, and Mike Dunn. Also present were <br />ex-officio Board Members Bobby Walters, Mike Graxiola, Executive Director <br />Gary Vest, Mayor Michael J. Pfiester and Temporary Acting Assistant City <br />Clerk Sherian Dixon. <br /> <br />President Rhodes called for approval of minutes from the February 13, 2002, <br />meeting. A motion was made by Director Fendley, seconded by Director Dunn, <br />for approval of the minutes as presented. The motion carried unanimously. <br /> <br />President Rhodes asked Gene Anderson, Director of Finance, to give the <br />financial report for December. <br /> <br />Mr. Anderson came forward presenting the financial statements to the Board <br />along with a cash flow statement and a sales tax receipt collection by month. <br />Mr. Anderson said he had mentioned last month that the February collection <br />represents the December sales. Mr. Anderson pointed out that looking at <br />December's sales it was $123,239.00 as opposed to $103,782.00 for the year <br />before and $108,920.00 the year before that and stated that the city had a very <br />good sales tax collection for the month of December. Mr. Anderson also <br />pointed out the March payment had been included on the sales tax receipt <br />collection and pointed out that it was still down from two years ago. Mr. <br />Anderson called the Board's attention to the financial statement for February <br />and stated that there were routine expenditures for the month. <br /> <br />After discussion, a motion was made Director Dunn, seconded by Director <br />Fendley, for approval of the financial report as presented. The motion carried <br />unanimously. <br /> <br />Gary Vest, Executive Director, advised the Board that their ad responses have <br />been very weak as there were only five responses. He said that one prospect <br /> <br /> <br />