08/18/2017 MINUTES - Laserfiche WebLink

Home Browse Search

PEDC Board Meeting Minutes August 18, 2017 Page 2 of 6 b) Section 551.087; Deliberation of Economic Development Negotiations to deliberate Commercial and Financial Information and Economic Incentives relating to the following: Commercial real-estate development. 1) Project - 3.141 2) Kimberly Clark 3) J. Skinner 4) Huhtamaki 5) Project Aileron 6) Deliberate nominations for Industry of the Year Chairman Manning convened the Board into executive session at 10:04 a.m. 10:49 a.m. Ms. Harris left Executive Session. 11:35 a.m. Mr. Higdon left Executive Session. 11:35 a.m. Mr. Godwin left Executive Session. Reconvene into Open Session and Possibly take action on item(s) discussed in Executive Session. Chair Manning reconvened the Board into open session at 11:37 a.m. Mr. Manning made a motion to hire an attorney to guide us as at -need basis as discussed. Mr. Hughes seconded the motion. Vote was 5 -ayes to 0 -nays. Discuss and possibly approve Minutes of the July 21, 2017, Monthly Meeting. Mr. Banks had a correction on a word. Mr. Banks made a motion to accept the minutes as presented. Mr. Hernandez seconded the motion. Vote was 5 -ayes to 0 -nays. Discuss and possibly approve July 2017 Financials, Mr. Hernandez stated that one item he saw was the Medical Insurance line had two months of insurance posted to the month of July. Mr. Banks made a motion to accept the financials as presented. Mr. Hughes seconded the motion. Vote was 5 -ayes to 0 -nays. Discuss and possibly approve 2017-2018 Budget for the Paris EDC. Mr. Paris opened the budget discussion with an explanation of the ten percent (10%) increase in Personnel expenses. We converted Mr. Stout from a contract employee to a full-time PEDC employee in the first quarter of this year. He added "No one has received an increase in pay." Mr. Hernandez commented on the paper saying we had a seven percent (7%) raise in salaries. He said that adding the total Personnel Expenses plus the Contact Labor from last year's budget has the Personnel Budget right in line. The insurance benefits were started in April of this year. Mr. Manning stated that this is the first year we have a full budget compared to the partial budgets we've had in the past. Mr. Hernandez pointed out the total Administration costs were (-13%), Marketing costs down (-7%). The paper pointed out a big increase in the Machinery budget, but this was put into the budget to purchase a copier. Mr. Manning asked that when we go to City Council with the Budget they are made aware that