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MINUTES OF THE REGULAR MEETING OF THE PARIS ECONOMIC <br />DEVELOPMENT CORPORATION <br /> April 16, 2003 <br /> <br />The Paris Economic Development Corporation met in regular session on <br />Wednesday, April 16, 2003, 4:00 P. M. at Paris Junior College, Applied <br />Technology Building, Room 1206, 2400 Clarksville Street. President Jay <br />Guest called the meeting to order with the following Directors present: Curtis <br />Fendley, Don Wall, and Richard L. Severson. Also present were Ex-officio <br />Member Bobby Walters, Executive Director Gary Vest, City Manager Michael <br />E. Malone, City Attorney Larry W. Schenk, and City Clerk Mattie <br />Cunningham. <br /> <br />President Guest called for approval of the minutes from a previous meeting. <br />A motion was made by Director Fendley, seconded by Director Severson, for <br />approval of the minutes as presented. The motion carried unanimously. <br /> <br />President Guest called for the financial report for February and March, 2003. <br /> <br />Gene Anderson, Director of Finance for the City of Paris, came forward <br />advising the Board that they had been given information on the sales tax <br />payment summary. He pointed out that $535,835.00 of sales tax had been <br />collected this year through April (sales tax through February, 2003) as <br />compared to last year's amount of $512,278.00. Mr. Anderson gave the Board <br />the February and March tax flow statements. He said they did not write any <br />more checks than what they had to write. They did write the checks to Paris <br />Business Park Master payment and they paid for the audit that was done by <br />McClanahan and Holmes. Mr. Anderson pointed out that in March they could <br />see the expenditures there. Under new INdustrial Projects, there were a couple <br />of things paid, one was a payment to Chemical Analysis, INc., for evaluation of <br />the plant size and necessary environmental testing, and the balance of that <br />payment had to do with running fiber optic cable to the Santa Fe - Frisco Depot <br />building. There was a payment for membership. Other than those mentioned, <br />they were all routine expenditures. <br /> <br />Mr. Anderson advised the Board that he did open up another account and <br /> <br /> <br />