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RO is <br />f. E X A S <br />NSA IIA''. AEVVl•.LA';;ANAGA E N T CCAV'&Pd;AA."A'M0O <br />uAr%i (,If""" Ail, Ir%f,IL1,f JeI­r!qhei <br />Mr. Perry noted that detailed explanations of all projects are available on the Texas Department of <br />Transportation website. <br />Mr. Perry opened the floor to questions regarding his presentation. Mr. Roddy asked a question <br />regarding the funding of the expansion of Highway 82 West and Highway 271 South. Mr. Perry noted <br />that the Highway 82 West project is approximately $30 million short of being funded and the Highway <br />271 South project is approximately $80 million short of being funded. <br />Mr. Bray asked Mr. Perry to elaborate on the projected timelines for each project. Mr. Perry provided <br />response, noting that the Northeast Loop 286 and Highway 82 West projects are projected to start in <br />year 2027 and that the Highway 271 South project is projected to start in year 2028. <br />Mr. Homer asked a question regarding the trucking traffic counts for Highway 82 West compared to <br />Highway 271 South. Mr. Perry noted that the percentage of trucking traffic for Highway 271 South is <br />approximately 33% and the percentage of trucking traffic for Highway 82 West is approximately 30%. <br />Mr. Homer asked a follow-up question regarding the projected trucking traffic within 10 years. Mr. Perry <br />noted that projections for future trucking traffic in the Lamar County area are largely contingent on <br />improvements to Highway 271 leaving Tyler, Texas. He expressed that if improvements to Highway 271 <br />are made, trucking traffic into Lamar County is projected to increase. <br />Mr. Roddy asked a question regarding the timeline for resurfacing Lamar Avenue. Mr. Perry noted that <br />he did not have access to the timeline of the project and that this information could be provided to the <br />Board at a later date. There were no further questions. <br />Mr. Perry concluded his report on the planned and proposed transportation projects for Paris and Lamar <br />County by thanking the Board for the opportunity to present. Mr. Bray thanked Mr. Perry for his time <br />and the update to the Board. <br />Discuss and Consider Approval of the January 21, 2025, Meeting Minutes <br />Chairman Bray presented the January 21, 2025, meeting minutes for review and discussion. <br />Mr. Homer made a motion to approve the minutes as presented. Mr. Roddy seconded the motion. <br />Vote: 5 -ayes to 0 -nays <br />Discuss and Consider Approval of the January and February 2025 Financial Statements <br />Executive Director Maureen Hammond presented financial reports ending January 31, 2025. Total assets <br />were reported to be $10,144,435. Total liabilities were reported to be $2,061,641, leaving the PEDC with <br />a total net position of $8,082,794. She elaborated on the PEDC's assets, reporting that the total cash had <br />been adjusted to reflect a reimbursement from the Treasury Department on the EDA Grant account of <br />approximately $588,000. Ms. Hammond continued with the income statement for the month, citing the <br />reported total revenue as $180,726. She concluded the financial report for the month of January by <br />presenting total expenditures and net income for the month. <br />Page 4 of 6 <br />