1997-01-15-Minutes 278
MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATIOb~
REGULAR MEETING
January 15, 1997
The Paris Economic Development Corporation met in their regular meeting on
Wednesday, January 15, 1997, at 4:00 P.M., in the City Hall North Annex Fire Training
Room, Paris, Texas. President Curtis Fendley called the meeting to order with the
following boardmembers present: Dick Amis, Michael Rhodes, and Barney Bray.
Also present at this meeting were ex-officio boardmembers Carl Cecil, Ike Jewett,
Gary Vest, Director of Finance Gene Anderson, City Manager Michael E. Malone, and
City Attorney, T.K. Haynes.
President Fendiey stated the next item on the agenda was approval of the minutes
from the previous meeting of the Paris Economic Development Corporation. He
asked if there were any corrections or additions to the minutes of the previous
meeting and there were none. President Fendley stated since there were no
corrections or additions to these minutes they stood approved as presented.
President Fendley asked Mr. Gene Anderson, Director of Finance, to give the
financial report. Mr. Anderson gave the financial report for the month and Mr.
Fendley called for questions and there were none. Boardmember Bray made a
motion, seconded by Boardmember Amis that the report be approved as presented.
The motion carried unanimously.
President Fendley stated that there would not he a President's Report given at this
time.
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President Fendley asked Mr. Vest to give the Director's Report. Mr. Vest introduced
his new assistant in economic development, Jodi Carr. Mr. Vest advised that due
to advertising they had received two responses since the last meeting with one
direct mail response. He said that they had also had a prospect from T.U. Electric ,
and Texas Department of Commerce. Mr. Vest stated that in connection with BITCO
Plant, they had closed for the Christmas holidays and did not reopen. He said
that BITCO has been served papers by the Board that they are in violation of the
lease. He said they have been notified by the Northeast Texas Economic
Development District that they are in default on their equipment loan and the banks
have notified them that they have until January 22nd, to address the bank loan. He .
said that he had cashed their letter of credit and given it to Mr. Anderson, the
Finance Director. President Fendley called for questions concerning Mr. Vest's
report and there were none.
President Fendley asked City Attorney Haynes if he had anything to report at this
time and he said that he did not have a report to give at this time.
President Fendley asked if there was any other business. He asked the
Boardmembers to note on their calendars that the next regularly scheduled meeting
for the month of February would be held on 12, 1997, at 4:00 o'clock, p.m.
He declared the meeting adjourned.
President Curtis Fendley
Assistant City Clerk Barbara Denny