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MINUTES OF THE PARIS ECONOMIC DEVELOPMENT <br />CORPORATION REGULAR MEETING <br />April 17, 2002 <br />The Paris Economic Development Corporation met in regular session on <br />Wednesday, April 17, 2002, 4:00 P. M., at Heritage Hall, 1009 West Kaufman <br />Street, Paris, Texas. President Mike Rhodes called the meeting to order with the <br />following Directors present: Curtis Fendley and Don Wall. Also present were ex- <br />officio Board Members Bobby Walters, Mike GraYiola, Executive Director Gary <br />Vest, City Manager Michael E. Malone, City Attorney Larry W. Schenk, and <br />City Clerk Mattie Cunningham. <br />President Rhodes called for approval of minutes from the March 20, 2002, <br />meeting. A motion was made by Director Fendley, seconded by Director Wall, <br />for approval of the minutes as presented. The motion carried unanimously. <br />President Rhodes asked Gene Anderson, Director of Finance, to give the financial <br />report for the month of March. <br />Mr. Anderson came forward presenting the financial statement to the Board along <br />with the cash flow statement. Mr. Anderson said the sales taY for the month of <br />March was $56,620.00. He advised that they did not have many expenditures for <br />the month. Mr. Anderson pointed out that the Chapman note payment was made. <br />The bond payment of $132,015.00 was also made. The largest expenditure <br />was the incentive payment to Turner International Piping in the amount of <br />$500,000.00. The total expenditure for the month was $636,561.00. Mr. <br />Anderson also gave the Board a handout of the sales taY collections. <br />Director Jay Guest joined the meeting at 4:05 P. M. and assumed his seat at the <br />table. <br />Mr. Anderson presented the Annual Audit for the Paris Economic Development <br />Corporation for the fiscal year 2000-2001, prepared by McClanahan and Holmes, <br />PLLC. Mr. Anderson advised that the audit was a clean report with no findings. <br />