09/22/2017 MINUTES - Laserfiche WebLink

Home Browse Search

PEDC Board Meeting Minutes September 22, 2017 Page 2 of 3 having the other entities in the Depot pay their share at another meeting. He also pointed to the Terry Hearn expense and explained that we have land around the Business Park. A tree limb fell and broke part of a fence belonging a neighbor's property. We received some estimates to repair the damage and Mr. Hearn was the lowest price. There are more trees close to other properties that we should probably look at cleaning up before this happens again. Mr. Banks asked why we were paying instead of the insurance paying. Mr. Paris said he would look into what our deductible is. Mr. Banks asked where the Job Training for Bodyguard Products was held. The answer was Dallas and the training was for import/export and powder coating. Mr. Banks made a motion to except the August financials. Mr. Hernandez seconded the motion. Vote was 5 -ayes to 0 -nays. Discuss and possibly approve end of year 2016-2017 Final Amended Budget. Ms. Brownfield told the Board that the year-end budget cannot have any overages. With three pay periods in September we needed to increase the Personnel dollars by $4000. We did this by decreasing the Travel budget by the same amount. Also, the Board had voted in August to provide a Direct Incentive to Bodyguard for an increase in their employees. That amount was taken from the Paris Lakes direct incentive budget and put in the Bodyguard incentive budget. This had no impact on the total budget or next year's budget. Mr. Hughes made a motion to approve the amended budget. Mr. Banks seconded the motion. Vote was 5 -ayes to 0 -nays. Discuss Daisy Dairy Compliance Update. Mr. Paris updated the Board on what the PEDC is obligated to pay and what we may or may not be paying to Daisy Dairy. The terms of the agreement were setup for a base rate of $1.20 per 1,000 gallons of water and with the compliance being the use of one million gallons of water a day. Also, Daisy would create jobs; last year that number was one hundred and this year the total is one hundred and ten. If Daisy was compliant in both items, the PEDC would reimburse for the difference in what they paid for water and the $1.20 per 1,000 gallons the water used. We reviewed the compliance information they provided. The FTE employees is at 108 which is two less than the agreement; but the agreement also states that invested capital would count toward additional job numbers. Daisy is only using 560,000 gallons a day. Mr. Banks asked if the employees were full-time equivalents or the number listed on the quarterly reports. Mr. Stout explained that the FTE employee numbers were calculated by the hourly employees: gross wages per quarter divided by FTEs needed compared to 35 hours a week multiplied by weeks in quarter and then by average hourly wage. Mr. Paris stated that they will look over the agreement and assess whether reimbursement should be done. Once that is complete the Board will be given the details. Executive Director's Monthly Report. • At the last meeting the Board decided that our monthly meeting would be scheduled for the third Friday of the month at 9:30 a.m. We will have our meetings in the Council Chambers unless there was a conflict with the Council Chambers. Westec, an advanced manufacturing show was held in Los Angeles last week. The show was done through TEAM Texas with other Texas communities present. We might skip this show next year. It was good to take part in the show, but advanced manufacturing is not expanding their business very quickly.