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250 <br /> <br /> P.E.D.C. BUDGET <br /> 1996-97 <br /> <br /> Balance Forward 10-1-96 $ 495,220. <br /> <br /> Budget Revenue: <br /> Sales Tax $ 770,000 <br /> Interest 15,000 <br /> Total Revenue 785,000. <br /> <br /> Total Resources $1,280,220. <br /> <br /> Budgeted Expenditures: <br /> New Indust Projects $ 436,685 <br /> Existing Industry Projects 436,685 <br /> Cox Field Project 213,500 <br /> Compensation-Chamber CEO 27,600 <br /> Compensation-Chamber Asst. 36,750 <br /> Promotional-Advertising 77,000 <br /> Travel Expenses 5,000 <br /> Office Expenses 12,000 <br /> Services Provided By City 25,000 <br /> Contingency 10,000 <br /> <br /> Total Expenditures $1;280,220. <br /> <br /> <br /> EXHIBIT A <br /> <br /> <br /> President Cecil asked City Attorney T. K. Haynes to discuss <br /> the agenda item relating to Addendum No. One of the BITCO <br /> lease. Mr. Haynes stated that there was some areas of the law <br /> that needed to be added into the lease contract with BITCO. <br /> He said these changes have not been discussed with BITCO and <br /> would need Board approval prior to the discussion of the <br /> changes. After discussing the changes, City Attorney Haynes <br /> read the resolution. <br /> <br /> Resolution 96-006, authorizing the execution of Addendum No. <br /> One to lease with Purchase Option dated November 15, 1995, <br /> between the Paris Economic Development Corporation and Bits <br /> International Company, dba Bitco. <br /> <br /> <br />