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PEDC Board Meeting Mtiinutes <br />October 20, 2017 <br />Page 5 of 5 <br />have a dedicated sales tax,, Mr. Hernandez asked about Chapter 380 and if there is any guarantee the <br />money would be used on economic development. Mr. Paris stated that there is no guarantee on the <br />amount of money that would be in the budget each year for economic development. <br />Executive Director's Monthly Report. <br />• At the last meeting we showed to have a large electric bill, which we think is because we <br />are paying for both the Caddo Museum and Genealogy. We are setting up a meeting with <br />the other two entities about the expenses, <br />• The job creation survey is complete with about 48,2 responses. We will put out an <br />executive summary and share the findings with our Board and City Council. The Paris <br />citizens want both industrial and retail economic development. The survey is showing <br />weakness in a few areas: cleanliness of the City, quality of life, activities to do. <br />• The FabTech conference is in Chicago, November 61h through 9b, and the PEDC is <br />participating with Oncor and about twelve area economic development groups. <br />• We have received a lead from the European Arnerican Investment Council (ERIC). Also, <br />the ERIC has aconference November 16-17"' that we will be attending. <br />Convene into Executive Session: <br />a) Section 551.087; Deliberation of Economic Development Negotiations to deliberate <br />Commercial and Financial Information and Economic Incentives relating to the <br />following: Commercial real-estate development. <br />1) Project Orange Fire <br />Chairman Manning convened the Board into executive session at 1 O 5 a.m. <br />Reconvene into ORen Session and possibly take action on item(s) discussed in Executive Session. <br />Chairman Manning reconvened the Board into open session at I] ;07 a.m. No action was taken on <br />items discussed in Executive: Session, <br />Discuss Future Agenda Items. <br />No future agenda items were discussed. <br />Adjourn <br />Mr. Banks made a motion to adjourn. Mr. Hughes seconded the motion. Vote was 5 -ayes to 0 -nays. <br />The meeting was adjourned at 11:08 a.m. <br />Respectfully submitted, <br />Paula Brownfield <br />Administrative Assistant <br />Paris Economic Development Corporation <br />