1999-11-10-PEDC - Laserfiche WebLink

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MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING -- November 10, 1999 The Paris Economic Development Corporation met in a regular meeting on Wednesday, November 10, 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: Dick Amis, Melba Harris, Jay Guest, and Donald Wall. Also, present were ex-officio boardmembers Bobby Walters, Mayor Charles Neeley, Chamber Chairman Paul Swasko, City Manager Michael E. Malone, and Executive Director Gary Vest. 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 there were none. Boardmember Guest made a motion, seconded by Boardmember Wall, 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 October. Mr. Anderson gave the financial report. Mr. Anderson stated that he would be glad to answer any questions concerning this -- report. Boardmember Dick Amis made a motion, seconded by Boardmember Melba Harris, that the financial report be approved as presented. The motion carried unanimously. President Rhodes stated that Item No. 6 would be considered at this time. He said that this item concerned the appointment of an auditor to conduct the independent annual audit for the fiscal year ending September 30, 1999. Mr. Anderson stated that the Board is being asked to authorize City Manager Michae, I E. Malone to sign the engagement letter with Malnory, McNeal and Company. He said that this same organization was used the previous year, and Johnna McNeal would actually performing the audit. Mr. Anderson stated that Ms. McNeal estimated that the cost of $3,550.00, would remain the same as last year. Mr. Anderson said that Ms. McNeal had done an excellent job on the previous year's audit. Boardmember Amis made a motion, seconded by Boardmember Wall, that Malnory, McNeal and Company perform the annual audit for the fiscal year ending September 30, 1999. 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 discussed several prospects that he had worked with this past month. -- Mr. Vest said that in connection with the extension of the street in front of the building that Mark Cunningham is constructing near T & K Machine that this item