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<br /> <br /> MINUTES OF THE PARIS ECONOMIC DEVELOPMENT <br /> CORPORATION SPECIAL.MEETING <br /> JUNE 5, 2003 <br /> <br />The Paris Economic Development Corporation met in special session on <br />Thursday, June 5, 2003, at 12:15 Pi, M., at the Lamar County Chamber of <br />Commerce, 1125 Bonham Street, Paris, Texas. President Don Wall called.the <br />meeting to order with the following Directors present: Rodney Bass, Mike Dunn, <br />Richard Severson, and Sims Norment. Also present were ex-officio Board <br />Members Mayor Curtis Fendley and City Manager Michael E. Malone, <br />Executive Director Gary Vest, City Attorney Larry W. Schenk, and Lisa Wright. <br /> <br />President Wall called the meeting to order at 12:15 p.m. and immediately <br />adjourned the public session and the Board went into closed session to consider <br />the following Item 2: <br /> <br /> Closed session in accordance with Sec. 551.087 of the Open <br /> Meetings Act, discuss possible incentives, pending negotiations, and <br /> commercial or financial information from business prospects and <br /> potential financing for the following: <br /> <br /> A. Project Holt. <br /> <br />President Wall opened the public session at 12:51 p.m. and called for <br />consideration of and motion on the following resolution: <br /> <br />Resolution No. 2003-008, approving and authorizing the execution of a loan. <br />agreement, promissory, note, and other financing instruments associated with a <br />line of credit of up to $2,000,000.00 to fund an incentive agreement with C-Tech, <br />Inc. and other incentive and associated expenses was presented by City Attorney <br />Schenk.- <br /> <br />Director Sims Norment moved that Resolution NO. 2003-008 be approved, <br />seconded by Director Mike Dunn. There was no further discussion. Motion <br />carried 3-0 with Directors Rodney Bass and Richard Severson abstaining. <br /> <br /> <br />