1999-04-14-PEDC - Laserfiche WebLink

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444 MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING April 14, 1999 The Paris Economic Development Corporation met in a regular meeting on Wednesday, April 14, 1999, at 4:00 P.M., in the City Council Chambers, City Hall, Paris, Texas. President Mike Rhodes called the meeting to order with the following boardmembers present: Jay Guest, Barney Bray, and Dick Amis. Also, present were ex-officio boardmembers Bobby Walters, Mayor Charles Neeley, Chamber President George Struve, City Manager Michael E. Malone, Executive Director Gary Vest, and City Attorney Scott Foster. President Rhodes stated that the next item on the agenda was approval of the minutes from the previous meeting of the Paris Economic Development Corporation. He asked if there were any corrections or additions to the minutes of the previous meeting, and thers were none. Boardmember Dick Amis made a motion, seconded by Boardmember Barney Bray, that the minutes be approved as presented. The motion carried unanimously. President Rhodes asked Gene Anderson, Director of Finance, to give the financial report for the month of March. Mr. Anderson gave the financial report. Mr. Anderson stated that he would be glad to answer any questions. Boardmember Amis made a motion, seconded by Boardmember Bray, that the financial report be approved as presented. The motion carried unanimously. President Rhodes asked Gary Vest to give the Director's Report. Mr. Vest discussed responses received due to the advertising program, and stated that he had recently attended a meeting in Commerce concerning electric restructuring. Mr. Vest also said that Turner International Piping Systems had received final approval last week on the Enterprise Project designation. He said that they will be eligible for the use tax on all the equipment, and they will receive a refund up to $2,500.00 per job. He stated that they will receive a refund on franchise tax paid with certain limitations.