13-C PEDC (01/20/04) - Laserfiche WebLink

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competitive bid law, and, hence, could award the bid as the Board deemed appropriate. Because of that fact, City Attorney Schenk mentioned that the PEDC had another option, which cities have and the PEDC would have even more flexibility with. They have the right to waive what would be considered an informality. He indicated there was no legal definition of informality, but, it is, generally, a minor defect in something associated with the bid. President Wall called for a vote approving PEDC Resolution 2004-001, awarding the Hearne Street Project to Stephens and Sons. The vote carried unanimously. President Wall presented the next item SB, PEDC Resolution No. 2004-002, which was to get the Board's approval to express support for HR2208. Director Vest explained that was the resolution supporting the Federal Transportation Bill and read the resolution. He related that this is the Federal Highway Bill that is done every six years and he indicated the PEDC resolution was asking for Texas to get more of its Federal Highway dollars back. President Wall called for a motion to accept the resolution. Director Norment made a motion which was seconded by Director Dunn. The motion carried unanimously. President Wall called for approval of minutes from previous meetings. Director Severson made a motion to accept the minutes which was seconded by Director Bass. There was a unanimous vote for approval. President Wall called for the Financial Report. Gene Anderson, Director of Finance for the City of Paris, came forward. Mr. Anderson called attention to the sales tax payment on the handout provided. He indicated that the January sales tax payment was slightly lower this year than what it was last year. He indicated the PEDC received $296,531.00 this year to date, compared with $308,028.00 last year. Mr. Anderson said this was $11,500.00 behind last year and he felt this was an insignificant number and did not put them in any danger. He related that the February sales tax payment would represent December sales. Mr. Anderson reported there were no unusual items on the Cash Flow Statement for December.