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MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING December 19, 2001 The Paris Economic Development Corporation met in regular session on Wednesday, December 19, 2001, 4:00 P. M., at Heritage Hall, 1009 West Kaufman Street, Paris, Texas. President Mike Rhodes called the meeting to order with the following Directors present: Don Wall, Jay Guest and Curtis Fendley. Also, present were ex-officio Board Members Bobby Walters, Mike Graxiola, Executive Director Gary Vest, and City Manager Michael E. Malone. City Attorney Larry Schenk and City Clerk Mattie Cunningham attended as well. President Rhodes called for approval of minutes from the previous meeting. A motion was made by Director Wall seconded by Director Fendley for approval of the minutes as presented. The motion carried unanimously. President Rhodes asked Gene Anderson, Director of Finance, to give the financial report for September and October. Mr. Anderson presented the financial statements for September, October, and November, along with a report pertaining to sales tax for those three months. Mr. Anderson advised the Board that the city has received the sales tax payment for the month of December, which has been included in the financial statement. Mr. Anderson pointed out that the sales tax is up compared to last year's sales tax. Mr. Anderson said that the payment that the city will be receiving in February will represent the December sales and will be more indicative of what we can expect the revenues to be for the year. Mr. Anderson gave the cash flow reports for September and November. He said the PEDC did not meet in October and no checks were written and that the November report included two months of expenditures. A motion was made by Director Guest, seconded by Director Fendley, for approval of the financial report. The motion carried unanimously. Gary Vest, Executive Director, reported that no advertisement was being