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Minutes of the PEDC <br />June 12, 2001 <br />Page 5 <br /> <br />Mr. Rhodes said the last change is in section fifteen, PEDC's Contribution, <br />which states that PEDC agrees to pay to the Chamber of Commerce $26,250.00 <br />which is changed to $36,890.00 to fund its proportional 37.3% of Mr. Vest's <br />compensation, with payment being paid monthly in the amount of $3,074.17. <br /> <br />After discussion of section seven, Vacation / Holidays, it was the consensus <br />of the Board that the accrued vacation days should not exceed more than 30 <br />days and that in section eight, Automobile/Travel Expenses, the car allowance <br />will remain as $500.00 per month. The word Chamber should be struck from <br />the last sentence of the section; otherwise, the section is to remain as proposed. <br /> <br />Resolution No. 2001-008, approving Addendum Number Two to Employment <br />Agreement dated June 15, 1994, and authorizing the President of the Paris <br />Economic Development Corporation to execute on behalf of the Paris <br />Economic Development Corporation, Addendum Number Two to said <br />Employment Agreement, was presented by City Attorney Schenk. <br /> <br />A motion was made by Director Jay Guest, seconded by Director Mike Dunn, <br />for approval of the resolution. The motion carried unanimously. <br /> <br />There being no further business, a motion was made by President Michael <br />Rhodes, seconded by Director Wall to adjourn the meeting. The motion carried <br />4 ayes, 0 nays. <br /> <br />ATTEST: <br /> <br />MICHAEL RHODES, PRESIDENT <br /> <br />MATTIE CUNNINGHAM <br /> <br /> <br />