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316 <br /> <br /> <br /> <br /> MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION <br /> REGULAR MEETING <br /> March 11, 1998 <br /> <br /> The Paris Economic Development Corporation met in a regular meeting on <br /> Wednesday, March 11, 1998, at 4:00 P.M., in the City Hall North Annex, Meeting <br /> Room, Paris, Texas. President Curtis Fendley called the meeting to order with <br /> the following boardmembers present: Dick Amis, Michael Rhodes, Leon Williams <br /> and Barney Bray. Also present at this meeting were ex-officio boardmembers, Ike <br /> Jewett, Executive Director Gary Vest, Michael Malone, City Manager, and City <br /> Attorney T. K. Haynes. <br /> <br /> President Fendley stated that the next item on the agenda was approval of the <br /> minutes from the previous meeting of the Paris Economic Development <br /> Corporation. He asked if there were any corrections or additions to the minutes <br /> of the previous meeting and there were none. President Fendley stated since <br /> there were no corrections or additions to these minutes they stood approved as <br /> presented. <br /> <br /> President Fendley asked Mr. Gene Anderson, Director of Finance, to give the <br /> financial report. Mr. Anderson gave the February report. Boardmember Amis <br /> questioned Mr. Anderson concerning the interest income rate. The <br /> boardmembers discussed how this fund was being handled at the present time. <br /> Mr. Anderson stated that this fund is in an interest bearing account at Liberty <br /> National Bank per earlier Board instructions. After discussion, it was the Board's <br /> consensus that Mr. Anderson should check into the projected cash flow and <br /> bring a proposal to the April meeting covering the period of time from now until <br /> the end of the budget cycle where the best interest rate is available through the <br /> local institutions. Boardmember Dick Amis made a motion, seconded by <br /> Boardmember Barney Bray that the financial report be approved as presented. <br /> The motion carried unanimously. <br /> <br /> President Fendley appointed a committee consisting of Gary Vest, Barney Bray <br /> and Dick Amis to work with City Engineer Earl Smith on the Southwest Industrial <br /> Park road area. He asked the committee to report back to the Board. <br /> <br /> <br />