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43 <br /> <br /> <br /> Chairman Philip Cecil stated the next item on the agenda was <br /> approval of the minutes from the previous meeting of the Paris <br /> Economic Development Corporation. Chairman Cecil asked if <br /> there were any corrections or additions to the minutes of the <br /> previous meetings and there was none. Board member Curtis <br /> Fendley made a motion, seconded by Board member Barney Bray, to <br /> approve the minutes as presented, and the motion was approved <br /> unanimously. <br /> <br /> Chairman Cecil asked Mr. Gene Anderson, Finance Director, to go <br /> over the financial report. Mr. Anderson explained that this is <br /> the standard report which is used by the City and he plans to <br /> use this format for the Board unless there are some <br /> modifications the Board would like for him to make. The Board <br /> discussed the amount paid to Pace Group as of this date. Mr. <br /> Anderson advised in the July expenditures under consultants <br /> there was approximately $8,100.00 which probably includes the <br /> last payment to the Pace Group. Mr. Anderson stated he felt <br /> the initial payment to the Pace Group was paid by the City and <br /> has not been reimbursed to the City yet. It was the consensus <br /> of the Board members that the form of the report was fine. <br /> Board member Bray made a motion, seconded by Board member <br /> Fendley to receive the financial report which carried <br /> unanimously. <br /> <br /> Chairman Cecil said he met with some Chamber officials and <br /> Committee members to discuss an industrial prospect and it <br /> appears at this point this is not going to develop. He said he <br /> would continue to be in touch with the Chamber and their <br /> Committees as they work on prospects. <br /> <br /> Chairman Cecil said last month the Board developed the budget <br /> figures as a requirement of the bylaws, and there is also a <br /> requirement of developing the annual plan of work for the <br /> upcoming fiscal year which should have been submitted with the <br /> annual budget. Chairman Cecil asked for further clarification <br /> from City Attorney Haynes. Mr. Haynes stated the annual plan <br /> of work probably should include the annual meetings, training <br /> sessions, targeted areas, and basically the plan of attack for <br /> certain type situations. He said in the beginning, and any <br /> time there are changes in the Board, he felt training, <br /> familiarization with what's available, what agencies to be in <br /> touch with, and visits planned through agencies should be <br /> provided for and anticipated. <br /> <br /> Chairman Cecil asked Mr. Vest whether based on his experience <br /> he could develop this type plan. Mr. Vest said in his previous <br /> experience they did a complete program of work outlining the <br /> various areas such as retention and expansion, marketing, <br /> recruitment, industrial visitations, etc., with goals and <br /> objectives. He said he felt there needed to be some exposure <br /> of board members to the allies, to the Department of Commerce <br /> and to programs such as the Texas Leverage Fund. He said he <br /> felt the program of work needed to be very flexible <br /> particularly in the beginning of the Corporation. Chairman <br /> Cecil asked him if he would be able to develop a brief plan for <br /> the Board to consider. Mr. Vest said yes that he would be able <br /> to do this. Chairman Cecil asked Mr. Vest if he could develop <br /> some rough plan guidelines for the Board to consider at the <br /> August meeting. Mr. Vest said he would like to develop some <br /> items for discussion and let the Board decide whether they feel <br /> these items should be incorporated. City Attorney Haynes <br /> advised the budget must go to the Council, but the plan is <br /> filed as a matter of record. <br /> <br /> <br />