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MINUTES OF THE PARIS ECONOMIC DEVELOPMENT <br /> <br />CORPORATION <br />SPECIAL MEETING <br /> <br />JULY 11, 2001 <br /> <br />The Paris Economic Development Corporation met for special session on <br />Tuesday, July 11, 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: Michael Dunn, and Don Wall. Also present <br />were ex-officio Board Members Bobby Terry Christian, Executive Director <br />Gary Vest, City Attorney Larry Schenk, Director of Finance Gene Anderson, <br />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 />meeting, and there were none. Director Mike Dunn made a motion, seconded <br />by Director Don Wall, 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 />again. Mr. Anderson reminded the Board that in May nothing got posted <br />against the account, so the expenditures side is essentially two months worth <br />of expenditures and not one month. Mr. Anderson said Paris Economic <br />Development Corporation started out at the beginning of the month with a total <br />amount of funds of $1,827,030.21, sales tax $64,898.16, interest $1,342.55, <br />and Paris Packaging loan payment of $32,000.00. Mr. Anderson advised that <br />the expenditures were the usual and customary type for a total of $36,935.26, <br />leaving a balance of restricted and unrestricted funds of $1,888,335.70. <br /> <br />A motion was made by Director Don Wall, seconded by Director Michael <br />Dunn, for approval of the Financial Statement as presented. The motion carried <br />unanimously. <br /> <br /> <br />