03-B PEDC (06-16-2004) - Laserfiche WebLink

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could partner with TxDOT to get this completed. Bobby Littletield ~~tl~ ~ ther said hc lil<ed the idea of partnering. Mr. Vest said maybe tn~~ a~~~~~~~ ~~~1 thc ovcrpass put in, I<eep the railroad tracl<s and have a toui la way bacl< up to II ighway 82. Mr. Vcst citcd the goals for PEDC as bein~; retention and expansion ol~c~:isting businesscs, rccruitrnent ofi new p►-imaiy employers, start up businesses ancl small business cicvclopment and infirastructure and training. ( Ic mcntioned PI:DC had added two action items Lmder Goal #2, one bcing to (icvcloE) advcrtising material for thc Paris Industr-ial Parl<, and the othcr bein0, Fril< crcating a virtual tou1- on the PI~,DC website of available industrial siles. 1[c statcd that L'ril< was worl<ing on that and it should be ready in a lew months. I Ic cxplained that Goal #4, Infi-astructurc, included the worl< on thc Soutllwcst I.oop and Phasc 11 of the Industrial I'ai-I<. Mr. Vest called PEDC's attention to the Financial Statement, whcre thcy would fincj thc current budget and the rcvenuc statemcnt. I Ic estimated ihe PI",I)C's cash position would be around $483,000.00 by the end of thc ycar and foi- next ycar, around $940,000. I lc rcminclcd thcm about thc changc in owncrship ofi Pal-is Packaging tllis year, but incjicatcd that would not affect thcir payment to thc PED(' as thc contract was madc with thc corpor-ation. ! Ie projccteci that the total resources lor next year should be ar01-111d $I.R million, with the commitment ofi arowid $1 million, which will leavc with $770,000.00 f~or projects. For the expcnsc sidc, he explained they tool< the $770,000.00 and dividcd it cyually l)ctwccn cxisting and new projccts. For hucigets items,llc said most remained the same as last ycar c>r wcre reduced. Ilc brOu~ht their attention to compensation, where there was a 3`%0 raisc proposcci for Mr. Vest and a 5°No raise 1-or I?ril<. 'I,he administration icc f'>r thc