03-B PEDC Minutes (03/20/02) - Laserfiche WebLink

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MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION SPECIAL MEETING March 20, 2002 The Paris Economic Development Corporation met in regular session on Wednesday, March 20, 2002, 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: Curtis Fendley, and Mike Dunn. Also present were ex-officio Board Members Bobby Walters, Mike Graxiola, Executive Director Gary Vest, Mayor Michael J. Pfiester, and Temporary Acting Assistant City Clerk Sherian Dixon. President Rhodes called for approval of minutes from the February 13, 2002, meeting. A motion was made by Director Fendley, seconded by Director Dunn, 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 December. Mr. Anderson came forward presenting the financial statements to the Board along with a cash flow statement and sales taY collection by month. Mr. Anderson said he had mentioned last month that the February collection represents the December sales. Mr. Anderson pointed out that the December, 2001 sales taY receipts were $123,239.00 compared to $103,782.00 for December, 2000, and $108,920.00 for December, 1999. He indicated that the city had a very good sales taY collection for the month of December. Mr. Anderson also pointed out that the March payment had been included on the sales taY receipt collection and pointed out that it was still down from two years aga Mr. Anderson called the Board's attention to the financial statement for February and stated that there were routine expenditures for the month. After discussion, a motion was made Director Dunn, seconded by Director Fendley, for approval of the financial report as presented. The motion carried unanimously. Gary Vest, Executive Director, advised the Board that ad responses have been