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PEDC Board Mee#ing Minutes <br />April 9, 20I3 <br />Page 2 of 3 <br />definitely worth a look at �h.��v� il�c�.sintc,tx.us and click on the YouTube tab at the top of the home <br />page. The industry leaders met witli Speaker of the House, Joe Straus' staff to offer Paris, Texas <br />as a"Pilot" for Work Keys Community. A meeting Andy Mangan of the U.S. Business Council for <br />Sustainable Development took place during the Iunch hour. The aftemoon legislative briefings <br />were led by experts in the fields of water preservation, Texas Dept. of Agriculture, Texas Water <br />Developmen� Board, General Land Office, The Governor's Office of Economic Development and <br />Tourism, and others. Toni Ciem addetl that she attended the meetings with the industry leaders and <br />the senior staff for the Speaker of the House, and they seemed genuinefy surprised and interested <br />in Steve's offer for Paris to serve as a rural pilot program for successful econo�nic deveiopment. <br />Steve added that the annua) Small Business and Entrepreneur Conference (SBECon) would be at <br />Texas A&M-Commerce joined by other EDCs in the region (Commerce, Greenville and Paris) on <br />Wednesday, April 17°i . <br />Discussion and possible action re�ardin� Final Audit Renort for FY 20l 1.-12. Parrz Anglin <br />asked abQUt the "Communications of Reportable Conditions" —"...Paris Economic Development <br />Corporation maintains several accounts at one bank v�lhich are set up under its corporate name and <br />identification number. The bank provides FDIC coverage as required, however, some deposits do <br />not appear to be insured nor secured by securities pledged by the bank. We recommend that <br />managemeni or the board of directors continue to monitor fhe situation to assess the risk invo�ved <br />and deternnined an appropriate action." Discussion tvok place regardirzg the same statement being <br />in the FY Audit for 2010-11 and that Gene Anderson, Finance Director far the City of Paris was to <br />include the 1'aris EDC funds with the upcoming depository agreement. Kenny Dority stated the <br />City's bid package for the depository agreement went out months ago and he didn't remember <br />Paris EDC �unds being included. Shannon Barrentine said she would follow up with Mr. Anderson <br />to see what had been done regarding fhis matter. Rebecca Clifford noted the misspelled naine of <br />Richard Seline on page 4 of the audii, he was ref'erencec� as Richard Sales. Toni CIezn made a <br />motion to approve the final audit report, with the name being changed; seconded by Bruce Cazx. <br />Motion Carried 3-0 with Rebecca Clifford abstaining. <br />The Board convened into executive session at 3:36 p.m, pursuant to Section 551.072, Section <br />551.074 and Section 551.087 of the Texas Govetnment Code to discuss and deliberate on the <br />following: <br />A. Section SS l.072 - Rea1 Property <br />B_ Seetion 55] .0�4 — Personnel Matters <br />C. Section SSl _087 — Economic Development Negotiations <br />The Board re-convened into open session at 4:29 p.m. As a result of executive session discussion, <br />the Board took the following action: <br />Toni Clem made a motion to accept the Executive Director's annua] evaluation, with goals <br />attack�ed; seconded by �nicc Carr. Motion Carried 3-0 with Rebecca Clifford abstaining. <br />0 <br />