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Paris Economic Development Corporation <br />Meeting Minutes <br />March 22, 2010 <br />Board Members <br />Present: Dan Smith <br />Rick Poston <br />Chad Brown <br />Pike Burkhart, Sr. <br />John Wright <br />Ex-officio Members <br />Present: Jesse Freelen <br />Kent McIlyar <br />Chuck Superville <br />Kenny Dority <br />Pam Anglin <br />Staff <br />Present: <br />Guest <br />Present: <br />Steve Gilbert <br />Shannon Ban <br />Dan Almon, Sr. <br />Southwest Sec <br />Jeff Gulbas, Att <br />McCall, Parkh <br />Dan Smith, President, called the meeting to order at 4:00 p.m. <br />Dan Almon, Southwest Securities, went over the projected savings through <br />bonds issued in 1998 vs. the new 2010 series. Discussion took place concerning the <br />and recent history of how municipalities (non-taxable entities) and others (taxable e <br />bond market. Dan Smith made a motion to consider and take action on a resolution <br />issuance and sale of Paris Economic Development Corporation Sales Tax Revenue <br />Taxable Series 2010; providing for the security for and payment of said bonds; appi <br />agreement and a sales tax remittance agreement; calling outstanding obligations for <br />enacting other provisions relating to the subject; seconded by John Wright. Motion <br />P-Pu ic Finance <br />ties <br />iey at aw <br />;t & Florton, LLP <br />Dan Smith asked for a recess while the necessary documents were signed b the <br />regarding the PEDC Sales Tax Revenue Refunding Bonds, Taxable Series 2010 at :45 <br />reconvened at 5:00 p.m. I <br />e tax revenue <br />it ond market <br />) ursue the <br />,i ng the <br />d' g Bonds, <br />a escrow <br />i ion; and <br />es present <br />The board <br />The board convened into executive session at 5:01 p.m. pursuant to Section 551.07 Section <br />551.087 and Section 551.072 of the Texas Government Code to discuss and deliber te on t e following: <br />1. Section 551.071 - Consult with Attorney <br />2. Section 551.087 - Economic Development Negotiations <br />3. Section 551.072 - Purchase of Real Property <br />Executive session ended at 6:01 p.m. The following action was taken as a <br />session: In respons to the opinion of legal counsel that Paris Living's request for f <br />write a grant to form a Community Development Financial, Institution (CDFI) is < <br />4A sales tax revenues, Pike Burkhart made a motion to pursue an Attorney Gener; <br />subject and to take no action on the pending invoice from Paris Living; seconded <br />carried. <br />;sult of <br />xecutive <br />iding o <br />a consultant to <br />inappr <br />priate use of <br />'s opini <br />n on the <br />v Chad <br />rown. Motion <br />16 <br />