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July 23, 2019 <br />Page 2 of 4 <br />I= ; '�, P <br />Ms. Bills began the election of officers with nominations for Chairman. Dr. Hashmi nominated Mr. <br />Hernandez and went on to say that Mr. Hernandez has done a very good job with the accounting as <br />Secretary/Treasurer. Ms. Bills asked if there were any other nominations. No one else spoke and she <br />proceeded to close the nominations and ask for a vote. The vote was 5-0. Mr. Hernandez became the new <br />Chairman, <br />Mr. Hernandez took charge of the meeting and asked for nominations for the Vice Chairman poson. Dr. <br />Hashmi nominated Ms. Bills for Vice Chairman stating that Ms. Bills has done a fine job in that position. <br />Mr. Hernandez asked for any other nominations and there were none. He then closed the nominations and <br />asked for a vote. The vote was 5-0. Ms. Bills became Vice Chairman for another year. <br />Mr. Hernandez asked for nominations for Secr <br />Pankaj for Secretary/Treasurer. There were no other nominations for Secretary/Treasurer and the <br />nominations were closed. Mr. Hernandez asked for a vote. The vote was 5-0. Mr. Pankaj became <br />Secretary/Treasurer. <br />Mr. Paris expressed that Mr. Manning is very aware of the public's need for transparency in the PEDC <br />and he has worked tirelessly to give transparency to the public, Not only has Mr. Manning been a Board <br />Member, but the Board Chairman, Mayor of Paris and a true leader in our community pulling together <br />many different personalities. You are a big part of why American SpiralWeld chose Paris. Dr. Hashmi <br />pointed out that Mr. Manning has been a leader in the community for a while and his time and effort is <br />appreciated. Mr. Paris and Mr. Hernandez presented Mr. Manning with a plaque for his service. <br />DiaiqlroiLe Minutes of theJune 18 2019, MonthILMeetin,- <br />Mr. Hernandez asked for a discussion and approval of the minutes. Dr. - �TF IW% <br />the June 18, 2019 minutes. Ms. Bills seconded the motion. Vote was 5 -ayes to O -nays. <br />Discuss andi <br />Mr. Paris pointed out the Debt Service area on the financials, statinp, lkki-:Wzw�- <br />of the loans is shown as Dr. Hashmi had requested. Mr. Hernandez stated the expenses for the month of <br />June were as antici-,tated at <br />cYsh position. Mr. Hernandez stated that it has improved over the start of the year even with the extra <br />expenses. Dr. Hashmi made a motion to approve the June financials. Mr. Pankaj seconded the motion. <br />Vote was 5 -ayes to O -nays. <br />Discuss and,.L)o Paris EDC. <br />Mr. Hernandez asked that we look at the primary items in the budget. He went on to say that the <br />Personnel Expenses were increased by two percent. Under the Administrative Expenses we are $300.00 <br />more than last year which is an increase in the expense for <br />�6;101 "Of <br />