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PEDC Board Meeting Minutes <br />June 29, 2012 <br />Discussion and possible action regarding a nossible Budget amendment for Fiscal Year <br />2011-12. <br />Doug Wehrman made a motion to approve an amendment to the current Fiscal Year Budget 2011-12 to add <br />the payment to SuRRMA in the amount of $1.45 Million, from Reserves, for the Highway 19/24 widening <br />project; seconded by Kenny Dority. Motion Carried 5-0. <br />The Board convened into executive session at 1:30 p.m. pursuant to Section 551.072, and Section 551.087 <br />of the Texas Government Code to discuss and deliberate on the following: <br />A. Section 551.072 - Real Property <br />B. Section 551.087 - Economic Development Negotiations <br />The Board re-convened into open session at 3:02 p.m. and took a 5 minute recess. As a result of executive <br />session discussion, the Board took the following action: <br />Rick Poston made a motion to cancel the existing lease with the Lamar County Chamber of <br />Commerce, for convenience, and direct Steve Gilbert to send a letter of notice, to Jon Landers, Chamber <br />Chairman; seconded by Kenny Dority. Motion Carried 5-0. <br />Kenny Dority made a motion to instruct Steve Gilbert, Executive Director, to continue negotiations <br />with Liberty National Bank on Project NMC; seconded by Doug Wehrman. Motion Carried 5-0. <br />Discussion and possible action regardin2 the proposed Paris EDC Bud2et for Fiscal Year <br />2012-13. <br />Bruce Carr stated that he would like to form a Working Group to assess the cost benefit of Retail <br />Attractions (Rickey Hayes); Performance of the Incubator and possible pay increases for the Paris EDC <br />Staff: (This will be revisited after the new Board members are sworn in and new officers elected.) <br />Doug Wehrman made a motion to recommend approval of the proposed Fiscal Year 2012-13 Budget with <br />changes (eliminating the line item for the SuRRMA annual payment); seconded by Bruce Carr. Motion <br />Carried 5-0. <br />Doug Wehrman made a motion to adjourn at 3:45 p.m.; seconded by Rick Poston. Motion Carried 5-0. <br />Respectfully submitted, <br />Shannon Barrentine <br />Asst. Executive Director <br />Paris EDC <br />18 <br />