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EXAS � O' MIC IDEVEILOPM t C � I� OR STI rip ra 115 r r :rr i r Reach rac 1 i t",j .jl°„ Citizens' Input Chairman Bray invited those present to speak during the Citizens' Input. Mayor Mihir Pankaj came forward to congratulate Mr. Dougherty and Mr. Roddy on their appointments to the Board. He expressed his appreciation to the Board for their continued support of the Paris Community and noted that City Council would continue to aid the PEDC in its endeavors. No one else came forward, and Chairman Bray closed citizens' input. Election of PEDC Board Officers for the 2025-2026 Term Chairman Bray opened the floor to nominations for officers of the PEDC Board. • Chairman — Mr. Fendley made a motion to re -appoint Josh Bray as Chairman. Mr. Coleman seconded the motion. Vote: 7 -ayes to 0 -nays • Vice Chairman — Mr. Roddy made a motion to re -appoint Curtis Fendley as Vice Chairman. Dr. Hashmi seconded the motion. Vote: 7 -ayes to 0 -nays • Secretary -Treasurer — Mr. Fendley made a motion to re -appoint Chase Coleman as Secretary - Treasurer. Dr. Hashmi seconded the motion. Vote: 7 -ayes to 0 -nays Discuss and Consider Approval of the June 13, 2025, Board Meeting and Planning Session Minutes Chairman Bray presented the June 13, 2025, meeting minutes for review and discussion. Mr. Roddy made a motion to approve the minutes as presented. Mr. Homer seconded the motion. Vote: 7 -ayes to 0 -nays Discuss and Consider Approval of the May and June 2025 Financial Statements Secretary and Treasurer Chase Coleman presented financial reports ending May 31, 2025. Total assets were reported to be $10,562,617. Total liabilities were reported to be $2,024,029, leaving the PEDC with a total net position of $8,538,588. Mr. Coleman continued with the income statement for the month, citing the reported total revenue as $211,092. He concluded the financial report for the month of May by presenting total expenditures and net income for the month. He continued by presenting the financial reports ending June 30, 2025. Total assets were reported to be $10,686,735. Total liabilities were reported to be $2,013,537, leaving the PEDC with a total net position of $8,673,198. Mr. Coleman continued with the income statement for the month, citing the reported total revenue as $218,043. He concluded the financial report for the month of June by presenting total expenditures and net income for the month. He commented that the PEDC was having a good year financially and he had no concerns regarding the financial statements. Mr. Coleman opened the floor to questions regarding the May and June financial reports. Dr. Hashmi asked a question regarding the difference in expenses between the two months. Ms. Hammond noted that this was due to multiple larger payments that had posted in June, referencing the annual shredding of PEDC properties and the PEDC's annual audit. There were no further questions. Dr. Hashmi made a motion to approve the financial statements as presented. Mr. Roddy seconded the motion. Vote: 7 -ayes to 0 -nays Page 2 of 4