11/17/2015 MINUTES - Laserfiche WebLink

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Mr. Brockman asked for clarification on the value of the slab as stated in the minutes. Mr. Wilson stated the minutes needed be corrected to say a new slab alone would be worth $600, 000.00. Mr. Manning stated the word "new" should be added. Mr. Brockman made a motion to accept the corrected minutes. The motion was seconded by Mr. Banks. The motion carried 4 -0. Discuss and possibly approve October 2015 Financials: Mr. Wilson stated the total operating expenses and pointed out the breakdown. Mr. Banks inquired about the car allowance being paid in November instead of October. Ms. Brownfield advised the City Finance office paid it in November instead of October. Mr. Wilson pointed out the ending cash balance was $1,980,000.00 and $29,000.00 was transferred into debt service and I & S reserves so the I & S reserves went from $379,000.00 to $408,000.00, making the total $2,388,827.00. Mr. Banks made a motion to approve the financials. Mr. Brockman seconded the motion. The motion carried 4 -0. Convene into Executive Session: The Board convened into executive session at 5:18pm. Reconvene into Open Session and possibly take action on item(s) discussed in Executive Session: The Board reconvened at 6:24pm. Mr. Banks made a motion to contract with Chaney Engineering to conduct a survey on plot number 405795 in the amount of 600 to 700 dollars. The motion was seconded by Mr. Brockman. The motion carried with an amended amount of $700 to $800 with all members present voting aye. Discuss Future Agenda Items: None Adiourn• Mr. Banks motioned to adjourn. The motion was seconded by Mr. Wilson. The motion carried 4 -0. The meeting ended at 6:27 p.m. Respectfully submitted, Angie Corbell Office Manager Paris EDC