2002-04-17-PEDC - Laserfiche WebLink

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MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING April 17, 2002 The Paris Economic Development Corporation met in regular session on Wednesday, April 17, 2002, 4:00 P. M., at Heritage Hall, 1009 West Kaufman Street, Paris, Texas. President Mike Rhodes called the meeting to order with the following Directors present: Curtis Fendley and Don Wall. Also present were ex-officio Board Members Bobby Walters, Mike Graxiola, Executive Director Gary Vest, City Manager Michael E. Malone, City Attorney Larry W. Schenk, and City Clerk Mattie Cunningham. President Rhodes called for approval of minutes from the March 20, 2002, meeting. A motion was made by Director Fendley, seconded by Director Wall, for approval of the minutes 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 came forward presenting the financial statement to. the Board along with the cash flow statement. Mr. Anderson said the sales tax for the month of March was $56,620.00. He advised that they did not have many expenditures for the month. Mr. Anderson pointed out. that the Chapman note payment was made. The bond payment 9f$132,015.00 was also made. The largest expenditure was the incentive payment to Turner International Piping in the amount of $500,000.00. The total expenditure for the month was $636,561.00. Mr. Anderson also gave the Board a handout of the sales tax collections. Director Jay Guest joined the meeting at 4:05 P. M. and assumed his seat at the table. Mr. Anderson presented the Annual Audit for the Paris Economic Development Corporation for the fiscal, year 2000-2001, prepared by McClanahan and Holmes, PLLC. Mr. Anderson advised that the audit was a clean report with no findings.