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Item No. 8 <br />TO: Mayor, Mayor Pro Tern & Paris City Council <br />CC: Grayson Path, City Manager <br />FROM: Maureen Hammond, Executive .Director of Paris Economic Development Corp. <br />SUBJECT: PEDC's Approved Plan of Work for FY 2023-2025 <br />DATE: August 2, 2023 <br />BACKGROUND: <br />Pursuant to Section 4.03, paragraph 4 of the PEDC Bylaws, the Board shall develop an annual <br />plan of work outlining the activities, tasks, projects, and prograrns to be undertaken by the Board <br />during the upcoming fiscal year. A proposed Plan of Work for the 2023-2025 fiscal year was <br />brought before the PEDC Board for approval during their July 18, 2023, meeting. The Board has <br />approved a Plan of Work, and per Section 4.03, paragraph 4, we are submitting said plan alongside <br />the annual budget (budgets sent under separate cover). <br />STATUS OF ISSUE: <br />Plan of Work approved by Paris EDC Board on July 18, 2023. <br />BUDGET: <br />See attached for the Paris EDC's Plan of Work for FY 2023-2025. <br />RECOMMENDATION: <br />Accept the Plan of Work alongside the PEDC annual budget submitted to the City Manager for <br />inclusion in his annual budget to be presented to the City Council. <br />