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Item No. 18 <br />memorandum <br />TO: City Council <br />Grayson Path, City Manager <br />FROM: PEDC Board <br />SUBJECT: PEDC 2020-2021 ANNUAL BUDGET <br />DATE: June 17, 2020 <br />BACKGROUND: The Paris EDC Board met on June 16, 2020, to discuss and approve a budget <br />for fiscal year 2020-2021. <br />STATUS OF ISSUE: The PEDC Board discussed and approved the attached 2020-2021 Budget <br />on June 16, 2020, and requests that it be approved by the City Council as required by the PEDC <br />bylaws. <br />BUDGET: N/A <br />RECOMMENDATION: Motion to approve the proposed 2020-2021 PEDC Budget. <br />