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320 <br /> <br /> Investment Recovery Services out of Ft. Worth, Texas. After discussion, <br /> Boardmember Dick Amis made a motion, seconded by Boardmember Michael <br /> Rhodes to approve the hiring of Investment Recovery Services to conduct this <br /> auction on June 18, 1998, which carried unanimously. This action is to be <br /> authorized by a pass around resolution to be prepared by the City Attorney. <br /> <br /> President Fendley asked Boardmember Amis to give the Nominating Committee <br /> Report. Mr. Amis stated that they are still considering several names to be given <br /> to the City Council as replacements for Mr. Fendley and Mr. Williams. He said <br /> that they will provide the names to the City Council prior to their June meeting. <br /> <br /> President Fendley asked Mr. Vest to discuss the Annual Plan of Work and Budget <br /> for fiscal year 1998/'1999. Mr. Vest advised that it was time for preparation of the <br /> Annual Plan of Work and Budget for the coming year. He said that the Board <br /> needs to decide the course to be taken in the coming year. After discussion by <br /> the Boardmembers, it was their consensus that Mr. Vest contact the <br /> Boardmembers with any recommendations or changes. <br /> <br /> President Fendley stated that he had asked that the next item be placed on the <br /> agenda requesting the City Council of the City of Paris to approve an amendment <br /> to Section 4.13 of the Bylaws of the Paris Economic Development Corporation. <br /> He said that two years ago there was resolution that the Board looked at <br /> concerning the Board's purchase of outside services which had been tabled. He <br /> said that City Attorney Scott Foster has drafted three or four resolutions for the <br /> Board to look at and he asked the Board to look at Alternative No.3. Mr. Fendley <br /> said that he would recommend Alternative No. 3 be given strong consideration. <br /> <br /> City Attorney Foster stated that essentially the City Council can allow or deliver <br /> to the Board the authority to contract outside, but there is a concern before hiring <br /> professional services such as engineering, legal counsel or other "professional" <br /> services that the Board might consult and get an opinion before doing so, and at <br /> least get an approval before doing so. He said that he did not see any problems <br /> legally with the City Council allowing the Board to contract under Council <br /> authority. He said he felt that this would be more efficient and as long as the City <br /> Council approves of this and grants this authority to the Board directly. <br /> <br /> President Fendley asked for other questions or comments. He said that <br /> everything still goes back to the Council. This change just gives the Board more <br /> flexibility to work with the Council under the grounds of the Board's bylaws. <br /> <br /> Resolution No. 98-003, requesting the City Council of the City of Paris to approve <br /> an amendment to Section 4.13 of the Bylaws of the Paris Economic Development <br /> Corporation. <br /> <br /> PARIS ECONOMIC DEVELOPMENT CORPORATION <br /> <br /> RESOLUTION NO. 98-003 <br /> <br /> WHEREAS, the City Council of the City of Paris did heretofore, on the 15th day of <br /> November, 1993, in Resolution No. 93-112, approve the Bylaws of the Paris Economic <br /> Development Corporation; and, <br /> <br /> WHEREAS, the Board of Directors of the Paris Economic Development Corporation is <br /> desirous of amending said bylaws to allow for more discretion in contracting for services, and it <br /> is deemed appropriate that the Board request the City Council of the City of Paris to approve an <br /> amendment to Section 4.13 of said Bylaws; NOW, THEREFORE, <br /> <br /> <br />