07/23/2012 MINUTESParis Economic Development Corporation
Called Meeting Minutes
July 23, 2012
Board Members Staff
Present: Doug Wehrman, Chairman Present: Steve Gilbert, PEDC
Toni Clem Shannon Barrentine, PEDC
Bruce Carr
Kenny Dority
Ex- Officio Members Guest(s)
Present: John Godwin, City Manager Present: Charles Richards,
Pam Anglin, PJC President eParisExtra
Legal
Counsel: Kent McIlyar
Phil Smith
City Council
Liaison: None
Doug Wehrman, Chairman, called the meeting to order at 9:36 a.m. He welcomed those present.
The Board convened into executive session at 9:37 a.m. pursuant to Section 551.072, and Section 551.087
of the Texas Government Code to discuss and deliberate on the following:
A. Section 551.072 - Real Property
B. Section 551.087 — Economic Development Negotiations
The Board re- convened into open session at 10:48 a.m. and took a 1 minute recess. As a result of executive
session discussion, the Board took the following action:
Toni Clem made a motion to approve the documents (Resolution, Note Purchase Guarantee and
Payback Agreement, Promissory Note, Deed of Trust and Assignment of Rental, Guarantee Agreement
with Stuart Lichter and Loan Agreement), subject to final legal counsel approval, between the Paris EDC
and 2020 Paris, LLC; seconded by Bruce Carr. Motion Carried 4 -0
Bruce Carr made a motion to adjourn at 10:51 a.m.; seconded by Kenny Dority. Motion Carried 4 -0.
Respectfully submitted,
Shannon Barrentine
Asst. Executive Director
Paris EDC