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MINUTES OF THE REGULAR MEETING OF THE PARIS ECONOMIC" <br /> DEVELOPMENT CORPORATION <br /> April 16, 2003 <br /> <br /> The Paris Economic Development Corporation met in regular session on <br /> Wednesday, April 16, 2003, 4:00 P. M. at Paris Junior College, Applied <br /> Technology Building, Room 1206, 2400 C!arksville Street. President Jay Guest <br /> called the meeting to order with the following Directors present: Curtis Fendley, <br /> Don Wall, and Richard L. Severson. Also present were Ex-officio Member <br /> Bobby Walters , Executive Director Gary Vest, City Manager Michael E. <br /> Malone, City Attorney Larry W. Schenk, and City Clerk Mattie Cunningham. <br /> <br /> President Guest called for approval of the minutes from a previous meeting. A <br /> motion was made by Director Fendley, seconded, by Director Severson, for <br /> approval of the minutes as presented. The motion carried unanimously. <br /> <br /> President Guest called for the financial report for February and March, 2003. <br /> <br /> Gene Anderson, Director of Finance for the City of Paris, came forward <br /> advising the Board that they had been given information on the sales tax <br /> payment summary. He pointed out that $535,835.00 of sales tax had been <br /> collected th is year through April (sales tax through February, 2003) as <br /> compared to last year's amount of $512,278.00. Mr. Anderson gave the Board <br /> the February and March tax flow statements. He said they did not write any <br /> more checks than what they had to write..They did write the checks to Paris <br /> Business Park Master payment and they paid for the audit that was done by <br /> McClanahan and Holmes. Mr. Anderson pointed out that in March they could. <br /> see the expenditures there. Under new. Industrial Projects, there were a couple <br /> of. things paid, one was a payment to Chemical Analysis, Inc., for evaluation of <br /> the plant size and necessary environmental testing, and the balance of that <br /> payment had to do with running fiber optic cable to the Santa Fe - Frisco Depot <br /> building. There was a payment for membership. Other than those mentioned, <br /> they were all routine expenditures. <br /> <br /> Mr. Anderson advised 'the Board that he did open up another account and. <br /> transfer excess balances from Liberty National Bank, which was a pool account. <br /> <br /> <br />