03-G PEDC (11/19/03) - Laserfiche WebLink

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MINUTES OF THE REGULAR MEETING OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION November 19, 2003 The Paris Economic Development Corporation met in regular session on Thursday, November 19, 2003, 4:00 P. M., at Paris Junior College, Bobby R. Walters Applied Technology Building, Room 1206, 2400 Clarksville Street, Paris, Texas. President Don Wall called the meeting to order with the following Directors present: Sims Norment, Richard Severson, and Rodney Bass. Also, present was Executive Director Gary Vest, Ex-officio Member Pam Anglin, Mayor Curtis Fendley, Ex-officio Member Tanis Hager, City Manager Michael E. Malone, and City Clerk Mattie Cunningham. President Wall called for the approval of the minutes from the previous meetings of October 9, 2003, and October 27, 2003. A motion was made by Director Norment, seconded by Director Bass, for approval of the minutes. The motion carried unanimously. President Wall called for the financial report. Mattie Cunningham, City Clerk, advised the Board that Mr. Anderson had to make another meeting and he has furnished the Board with the September and October Cash Flow Statement along with the Sales Tax Report for the month of November. President Wall announced that the next item on the agenda was the Director's report. Gary Vest reviewed the news about the loss of the Campbell Soup expansion and provided information as to why we did not get the proj ect. Mr. Vest also reported on "Proj ect Reserve," explaining that we made the first cut and the prospect has cut the selection down to six cities. He said that Mike Mullus, who is the site consultant, was having a meeting with the company. Mr. Mullus said he would let the PEDC know today, as they were going to try to cut the sites down to three cities, and they will revisit those three cities. Mr. Vest advised that he called to check with his contact, Pat Jamison with Oncor, and Mr. Jamison had spoken with Mr. Mullus this morning but he had not gotten back with