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MINUTES OF THE PARIS ECONOMIC DEVELOPMENT <br /> <br />CORPORATION <br />ANNUAL MEETING <br /> <br />JUNE 12, 2001 <br /> <br />The Paris Economic Development Corporation met for their annual meeting on <br />Tuesday, June 12, 2001, 4:00 P. M., at Heritage Hall, 1009 West Kaufman <br />Street, Paris, Texas. President Mike Rhodes called the meeting to order with <br />the following Directors present: Jay Guest, Michael Dunn, and Don Wall. <br />Also present were ex-officio boardmembers Bobby Walters, Terry Christian, <br />Executive Director Gary Vest, City Manager Michael E. Malone, Mayor <br />Michael J. Pfiester, City Attorney Larry Schenk, Director of Finance Gene <br />Anderson, and City Clerk Mattie Cunningham. <br /> <br />President Rhodes announced that the Directors had been furnished minutes of <br />previous meetings of the Paris Economic Development Corporation. He asked <br />if there were any corrections or additions to the minutes of the previous <br />meetings, and there were none. Director Don Wall made a motion, seconded <br />by Director Jay Guest, for approval of the minutes as presented. The motion <br />carried unanimously. <br /> <br />President Michael Rhodes asked Gene Anderson, Director of Finance for the <br />City of Paris, to give the financial report for May. <br /> <br />Mr. Anderson came forward stating that he would use the one page summary <br />and explained there is just a single expenditure on the expenditure side. He <br />said the PEDC financial is done separate from the city' s and manual checks are <br />produced for the PEDC. The checks will be posted later, and they will not <br />show up until the June report. Mr. Anderson said the sales tax collection for <br />the month was $94,763.00, which includes the sales tax collection for June. <br />The interest payment of $13,554.37 and the loan payment for Paris Packaging <br />was $32,000.00. Other expenditures that should have shown up, and did not <br />show up, were the rental of Heritage Hall of $45.00, payment for <br />reimbursement of the Chamber of Commerce for expenses connected to PEDC <br />of $12,778.00, the Chapman loan payment of $4,492.00, and the transfer due <br />the I&S fund in order to make the debt payment that is due in September. <br /> <br /> <br />