15 & 16 - Proposed Amendments to the PEDC Bylaws and possible appointment of two members to the PEDC Board

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Item No. 15 COUNCIL MEMBER AGENDA ITEM REQUEST Please complete this form to have an item placed on the agenda for the Council's consideration. The deadline for requesting an item on an agenda will be the Wednesday before the council meeting takes place. This time is necessary so that staff can research the matter and prepare/review an ordinance, resolution, or other document such as a contract. In order for your fellow Council Members to fully understand your item, have productive discussion, ensure efficient council meetings, and for staff to be able to assist you as completely as possible, it is important that you describe the item with as much detail as possible and include any supporting documentation so that it may be included in the Council's meeting packets. Please return this completed form to the City Manager's office or the City Clerk's office. Council member making request: ❑ Renae Stone ❑ Linda Knox ❑ Derrick Hughes ❑ Clayton Pilgrim ❑ Gary Savage ❑ Paula Portugal ® Steve Clifford Description of Item: Discussm and )ossibl ° act on amending the Bylaws mmofwthe Paris �m Economic Develo ment Co: - :oration: Sec. 4.02 to increase the number of Directors from five5t5to seven ITandwwSec. 4.12 to specify, that the requirement that the Board obtain Council aroval for an; exenditure over $400,000.00 on a project that extends not only to funds from theCor oration's undesi rated fund balance but to_aAy obligation of any assetorthing; valued over $400,000.00, includinabut not limited to land, other inkindassets, and to the extent allowed by law, if anthe extension..of the wCoa~lioration's credit to another entity or person. Are additional sheets or supporting materials attached? ❑ Yes ® No I request that this item be placed on the agenda for the: ® City Council meeting on this date: Au, qst 10, 2020 ❑ Sometime in the next 2 meetings ❑ No specific time in mind — just keep it on a list of pending issues Signature: s/Steyem Clifford Date: 8-5-2020 ............._�_.�...�_�m City of Paris Revised 07/28/2020