20 - Amending the Bylaws of the Paris Economic Development Corporation

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B. Fiscal and Organizational Accountability The Executive Director shall develop a balanced annual budget for review and approval by the Board, he shall review and approve all expenditures within the approved budget, The Executive Director shall. also strive to develop a network of funding sources to expand and diversify the organization's base of financial support, and implement resource development strategies to ensure the long-term viability of the organization. The Executive Director shall. also prepare all necessary RFPs/RFQs for procurement of goods and services to support the organization's operations. The Executive Director shall be responsible for managing all PEDC support staff. C. EconomicDevelop ment Agreements The Executive Director shall. work with the PEDC Board and other participating governmental entities and staff in negotiating and developing Economic Development Agreements with. new or existing business or industry in accordance with the PEDC's Articles of Incorporation, the Texas Development Corporation Act, these Bylaws and all other applicable laws and regulations. The Executive Director shall be responsible for ensuring that the recipients of PEDC funding comply with all terms and conditions of the Economic Development Agreements. D. Public Affairs and Marketing The Executive Director shall direct, develop and implement marketing strategies to promote visibility of the organization's programs and services to educate business, industry and the general. Public about the work. of PEDC. He shall serve as the organization's public spokesperson and shall prepare and disseminate news releases when appropriate. He shall also serve as the organization's primary liaison with local, state and federal agencies and with private sector organizations involved in community and economic development, and other related activities. E. Board of Directors The Executive Director shall support a functioning Board of Directors, its officers and committees, and shall assume other duties as assigned by the Board. The Executive Director shall serve as an Ex -Officio Member of the PEDC Board and all other Board committees and sub -committees. He shall work with the Secretary -Treasurer of the Board and the City Finance Director to generate monthly financial reports for the Board.; he shall work with the Board Chairman to prepare meeting agendas and annual reports for the Board and the City Council of the City of Paris. SECTION V111 FINANCIALADMINISTRATION BYLAWS -PARIS ECONOMIC DEVELOPMENI'CORPORATION Updated and Approved by the City Council on 6-22-2020