14-A PEDC (05-19-2004) - Laserfiche WebLink

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MINUTES OF THE REGULAR MEETING OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION May 19, 2004 The Paris Economic Development Corporation met in regular session on Wednesday, May 19, 2004, 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, Mike Dunn, Richard Severson, and Rodney Bass. Also, present was Executive Director Gary Vest, Assistant Director Erik Roddy, Ex-officio Members Pam Anglin, Mayor Curtis Fendley, Tanis Hager, Interim City Manager Terry Townsend, Assistant City Attorney John Lestock, and City Clerk Mattie Cunningham. President Wall called for the approval of the minutes from the previous meeting of April 14, 2004. A motion was made by Director Severson, seconded by Director Bass for approval of the minutes. The motion carried unanimously. President Wall called for the financial report. Gene Anderson, Director of Finance for the City of Paris, came forward presenting the Board with a sales tax report since he has received the May payment. Mr. Anderson advised that compared to last year at this same time, they had $10,638.00 which is 1.69% increase year-to-date over last year. He said if they would look at the last four months they were ahead of the previous rate for the same months. Mr. Anderson advised that he had also provided the Board with the March and April cash flow statement. Mr. Anderson said the only thing out of the ordinary that showed up in March was the bond debt payment and that is not out of the ordinary. The other expenditures were normal payments. He advised that in April there was little activity at all.