03-B PEDC (01/15/03) - Laserfiche WebLink

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MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING JANUARY15, 2003 The Paris Economic Development Corporation met in regular session on Wednesday, January 15, 2003, 4:00 P. M. at Paris Junior College, Applied Technology Building, Room 1206, 2400 Clarksville Street. Vice President Don Wall called the meeting to order with the following Directors present: Curtis Fendley and Richard L. Severson. Also present were Ex-officio Members, Mike Graxiola, Executive Director Gary Vest, City Manager Michael E. Malone, City Attorney Larry W. Schenk and City Clerk Mattie Cunningham. Vice President Wall called for approval of the minutes from a previous meeting. A motion was made by Director Fendley, seconded by Director Severson, for approval of the minutes as presented. The motion carried unanimously. Vice President Wall called for the financial report for December 2002. Gene Anderson, Director of Finance for the City of Paris, came forward advising the Board that the cash flow summary showed nothing unusual and it was self-explanatory. Mr. Anderson advised that the Board had authorized payment to Paris Custom Trailer for $14,000.00, which has been shown. He said the other expenditures are routine expenditures for the month. Mr. Anderson told the Board that they had been furnished a sales tax collection update through the January payment. He said they had collected $308,028.00 through January and that compares to $270,577.00 last year for an increase of approximately $38,450.00 for the year. Mr. Anderson advised that next month he will have the audited financial statements to present to the Board. Mr. Vest also advised that Mr. Anderson completed the annual report to the State Comptroller, which was filed this week. A motion was made by Director Severson, seconded by Director Fendley, for