Laserfiche WebLink
PARIS ECONOMIC DEVELOPMENT CORPORA'T'ION <br />MONTHLY MEETING <br />Paris City Council Chambers <br />107 East Kaufinan St. <br />Paris, Texas 75460 <br />Friday, Ma 25 2018 <br />9.30 O'CLOCK A.M. <br />MINUTES„ <br />Board Members Present: Staff Present: <br />Richard Manning, Chairman Michael Paris, Executive Director <br />Marion Hamill, Vice -Chairman Chris Stout, Economic Development Associate <br />Tim Hernandez, Secretary/Treasurer Paula Brownfield, Administrative Assistant <br />Ray Banks <br />Esc -Officio Members Present: Guest(s) Present: <br />John Godwin, City Manager (arrived at 9:54 a.m.) Mary Madewell, The Paris News <br />Legal Counsel: City Council Liaison: <br />Stephanie Harris, City Attorney Paula Portugal <br />Call to Order. <br />Mr. Manning called the meeting of the Paris Economic Development Corporation to order at 9:30 a.m. <br />on May 25, 2018. <br />Citizens' 1n gut <br />Mr. Manning invited those present to speak during Citizens' Input. No one came forward and the <br />Citizens' Input was closed. <br />Discuss andpossibly a rove Minutes of the March 2 20185 ecial Meetin and Minutes of the <br />April 20 2018 „MMAI Meetin <br />Mr. Manning asked if the Board Members had looked over the minutes. The Board indicated they had. <br />Mr. Hamill made a motion to approve the minutes as presented. Mr. Hernandez seconded the motion. <br />Vote was 4 -ayes to 0 -nays. <br />Discuss and y ossiblPa rove A ri12018 Financials. <br />Mr. Hernandez stated that he had looked over the Cash Out report and there were no unusual items. He <br />did point out that the Medical Insurance line shows double the amount, the reason is that March's <br />payment paid in April. He also pointed out the Auditing Fees of $8,350.00 and stated that it was a large <br />amount for a four day audit. On the Cash Flow page it shows that we started the year at $3.7 million <br />and we are ending at $4.2 million. Mr. Paris reminded the Board that the bond payment is coming due <br />