1998-07-22-Minutes 375
MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION
REGULAR MEETING
July 22, 1998
-- The Paris Economic Development Corporation met in a regular meeting on Wednesday,
July 22, 1998, at 4:00 P.M., in the City Hall North Annex, Meeting Room, Paris, Texas.
Vice President Mike Rhodes called the meeting to order with the following
boardmembers present: Dick Amis, Barney Bray, Leon Williams, Melba Harris and Jay
Guest. Also present at this meeting were ex-officio boardmembers, Sims Norment,
Bobby Walters, Mayor Charles Neeley, County Judge Chuck Superville, Executive
Director Gary Vest, City Manager Michael E. Malone and City Attorney Scott Foster.
Vice President Rhodes asked City Attorney Scott Foster to administer the oath of office
to the new boardmembers attending this meeting. City Attorney Foster administered the
oath of office to new boardmembers Melba Harris and Jay Guest.
Mr. Rhodes welcomed Ms. Harris and Mr. Guest to the Board and stated that the next
item on the agenda was the election of officers. President Rhodes turned this item over
to Boardmember Dick Amis, and Mr. Amis proposed a slate of officers for the Board's
approval with terms beginning in August, 1998, and ending July, 1999. Dick Amis made
a motion, seconded by Boardmember Barney Bray, nominating Michael Rhodes for the
position of President, Jay Guest for the position of Vice President, and Melba Harris for
the position of Secretary-Treasurer. These boardmembers were elected to these offices
by acclamation.
President Rhodes stated that the next item on the agenda was approval of the minutes
from the previous meetings of the Paris Economic Development Corporation. He asked
if there were any corrections or additions to the minutes of the previous meetings and
there were none. Boardmember Barney Bray made a motion, seconded by
Boardmember Dick Amis, that the minutes be approved as presented. The motion
carried unanimously.
President Rhodes asked Gene Anderson, Director of Finance, to give the financial report.
Mr. Anderson gave the June report. Boardmember Amis requested that Mr. Anderson
see if the City's computer program could print a subtotal in the financial report, and Mr.
Anderson stated that he would check into this possibility. President Rhodes asked if
anyone had any questions, and there were none. Boardmember Amis made a motion,
seconded by Boardmember Guest, that the financial report be approved as presented.
The motion carried unanimously.
President Rhodes asked Mr. Vest to give his report. Mr. Vest discussed responses
received due to the advertising program, and stated that the Paris Packaging, Inc.,
Project has closed. He said that they are pursuing a bond issue for the $4,000,000.00
loaned to Paris Packaging, Inc. He also stated that they have been working with
-- International Piping Systems and Babcock & Wilcox, and the legal documents are being
drawn up at this time. Mr. Vest stated that the BITCO auction had been held on June
25th and Finance Director Gene Anderson stated that he would make the
reimbursements to the banks involved in this project.
376
President Rhodes asked Mr. Vest to discuss the next item on the agenda. Mr. Vest stated
that an offer had been received for the model building on the Northwest Loop. He said
the appraisal on the building came in at $582,000.00 including the entire sixteen (16)
acres. He said that this company will employ approximately 157 people. Mr. Vest stated
based on the Flexible Incentive Plan we could give them $200,000.00 based on their jobs
creation. He said the proposal is to sell the facility to this company for $382,000.00. He
said that this will be done through a lease/purchase with all payments during the first
year of operation going towards the purchase, and at the end of the first year they will
pay the entire balance. After discussion by the Board, Boardmember Amis made a
motion, seconded by Boardmember Bray, that the transaction be approved and
authorized Mr. Vest to finalize the negotiation. The motion carried unanimously.
President Rhodes stated that the next item on the agenda concerned establishing a
regular monthly meeting date and time for the upcoming year.
Resolution No. 98-011, establishing a regular monthly meeting date and time.
PARIS ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO.
WHEREAS, in keeping with Section 5.02 of the Bylaws of the Paris Economic
Development Corporation, the President is obligated to, at the beginning of his term, set the
regular meeting dates and times for the upcoming year; NOW, THEREFORE,
BE IT RESOLVED BY THE PARIS ECONOMIC DEVELOPMENT
CORPORATION, that the monthly meetings of the Paris Economic Development Corporation
be, and they are hereby, set for 4:00 o'clock p.m. on the following dates: August 12, 1998,
September 16, 1998, October 14, I998, November 11, 1998, December 16, 1998, January 13,
1999, February 10, 1999, March 10, 1999. April 14, 1999, May I2, 1999, June 16. 1999, and
July 21, 1999.
PASSED AND ADOPTED this 22nd day of July. 1998.
President
ATTEST:
Secretary-Treasurer
APPROVED AS TO FORM:
Scott P. Foster, City Attorney
377
City Attorney Scott Foster read the resolution.
Boardmember Jay Guest made a motion, seconded by Boardmember Dick Amis that this
resolution be adopted, and the Board voted unanimously to adopt the resolution.
President Rhodes presented a plaque of appreciation to Mr. Leon Williams in recognition
of his service to the Paris Economic Development Corporation Board, and due to Mr.
Fendley's absence he will receive his plaque of appreciation at a later time. Mr. Williams
thanked the Board for the plaque and expressed his thanks to the Board for the time that
he served on the Board.
President Rhodes asked if there was any other business and there being none he
declared the board meeting adjourned.
President Michael Rhodes
ATTEST:
Assistant City Clerk, Barbara Denny