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10-H PEDC (8/20/03)
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10-H PEDC (8/20/03)
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9/12/2012 8:19:16 AM
Creation date
10/8/2003 9:38:53 PM
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AGENDA
Item Number
10-H
AGENDA - Type
MINUTES
Description
Paris Economic Development Corporation
AGENDA - Date
8/20/2003
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Regular Meeting of the PEDC <br />August 20, 2003 <br />Page 7 <br />said he had language to add at the end that says alternately the members of the <br />Association shall have authority to remove from office any officer of the <br />Corporation, but only in a regular or special called meeting with the membership <br />and only upon a majority vote of the members of the entire Association. <br />City Attorney Schenk discussed another proposed change in "Article IP'of the <br />Covenants, Section I, about appointing an arbitrator. He said that where it says <br />no engineer is acceptable to both or if either party is aggrieved by the decision <br />of the engineer then he will go back and put in the language that they had about <br />the American Arbitration Association because adding the cost language at the <br />ends clears the problem that he had with the sentences that they added after that. <br />City Attorney Schenk said the only other concern he had was a reference in there <br />to community building lots, and he has never found a definition of those. He <br />said the first reference he had was Article VII, Section 1 of the Covenants, and <br />in Article XIII, there is a reference to "a Community Building Lot deed shall <br />contain special provisions for participation in the Association notwithstanding <br />any provision of this declaration to the contrary." City Attorney Schenk said he <br />did not know what community building lots are. Mr. Vest said if it is something <br />that needs to be in there, they need to add it to the definitions. City Attorney <br />Schenk said the remaining items of concern are just minor things that can be <br />fixed and that he may take community lots completely out of the covenants <br />unless they can find some overriding reason why they should be retained. The <br />Board was in agreement with that. <br />There being no further business, the meeting was adjourned. <br />MIKE DUNN, VICE PRESIDENT <br />ATTEST: <br />
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