1995-06-14-PEDC 124
MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION
ANNUAL MEET ING
June 14, 1995
The Paris Economic Development Corporation met in a regular
meeting on Wednesday, June 14, 1995, at 4:00 P.M., in the City
Hall North Annex, Fire Training Room, Paris, Texas. President
Philip Cecil called the meeting to order with the following
board Members present: Dick Amis, Curtis Fendley, Leon
Williams, and Barney Bray. Also present were ex-officio board
members, Bobby Walters, Bill Vaughan, Ike Jewett, Gary Vest,
Economic Development Director, Eric Clifford, Mayor, Michael E.
Malone, City Manager and T. K. Haynes, City Attorney as
Counselor.
President Cecil stated that the Board e!ected officers in July
of last year and there was a question as to whether the
officers were to be elected in June or wait until July. After
discussion, it was the consensus of the Board to elect officers
at this meeting.
President Cecil opened the floor for nominations for President
of the Board with the term of office to begin in July, 1995,
through June, 1996. Board member Curtis Fendley made a motion,
seconded by Board member Barney Bray, nominating Philip Cecil
for President. Mr. Cecil was elected to the office of
president on a unanimous vote.
Chairman Cecil asked for nominations for Vice President.
Board member Dick Amis made a motion, seconded by Barney Bray,
nominating Curtis Fend!ey for Vice President. Mr. Fend!ey was
elected to the position of Vice President on a unanimous vote.
Chairman Cecil asked for nominations for Secretary/Treasurer.
Boardmember Barney Bray made a motion, seconced by Boardmember
Leon Williams nominating Dick Amis for Secretary/Treasurer
Mr. Amis was elected to the position of Secretary/Treasurer on
unanimous vote.
125
President Cecil stated that 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 being none the minutes stood approved as
presented.
President Cecil asked Gene Anderson to give the financial
report. Mr. Anderson gave the report. President Cecil called
for questions and there being none, Boardmember Amis made a
motion which was seconded by Boardmember Curtis Fendley, to
approve the financial report as presented which carried
unanimously.
President Cecil stated that he did not have a report to give at
this time.
President Cecil asked Mr.Vest to make his report. Mr. Vest
said based on advertising that they had received a total of 36
inquiries since the last meeting. He said they had one
prospect from Lone Star Gas. He said they had one industrial
visitation this past month to Rodgers Wade and he was trying to
schedule Oliver Rubber for next month.
Mr. Vest stated in summary of legislative action taken during
this session which related to economic development, all of the
items failed. He said the tax abatement authorization and the
enterprise zone were extended by the legislature. He said
legislation was also introduced and passed to deregulate
intrastate rates which brought us into compliance with a
federal mandate.
President Cecil asked the City Engineer to give the projects
report. Mr. Smith stated he had no progress to report at this
time on the model building project or the improvement to
Industrial Drive. He said once they begin work on Industrial
Drive, it should not take any longer than a couple of weeks to
complete.
President Cecil asked Mr. Amis to give his report regarding the
purchase from the Paris Industrial Foundation. Mr. Amis said
they were continuing to study the property and have not moved
forward with anything at this time.
President Cecil stated that the bylaws dictate that the Board
has an Annual Plan of Work and the Board had asked Mr. Vest to
develop the 1995/1996 Plan. He said he had added the overall
economic development program to the Plan of Work for
1995/1996. He said the Plan of Work involves the process of
establishing goals and objectives, concentrating on limited
issues, developing general policy recommendations and
implementing specific actions. He said under the long term
goals and overall economic deve!epment plan, there are four
things specified which are: the retention and expansion of
existing industry, the marketing of Paris to recruit new
industry, the development of the community's infrastructure to
support industry, and the development of public sentiment and
support for the projects of the Paris Economic Development
Corporation.
Mr. Vest said in the Amnual Plan of Work they have four major
goals (1) Public Relations, (2) Recruitment/Marketing
Materials, (3) Recruitment/Retention and Expansion, and (4)
Community Development. He noted and discussed the changes and
actions that have been added to the Annual Plan of Work of
1995/1996. He said the Annual Plan of Work will basically
continue, but have the flexibility each year to be adapted to
the needs of the community.
126
board. He said he had placed under this goal a request to
expand the staff by adding another staff person to work with
him in the economic development program. President Cecil
commented that the board was going into executive session to
discuss personnel and that is one of the items that will be
considered in executive session. President Cecil stated for
the purposes of approving this Plan of Work, the Board will
approve the Plan of Work eliminating the expansion of the staff
from Goal Number 3. He said perhaps at a later time it will be
added back after discussion in the executive session.
Mr. Vest said the items discussed in the Plan of Work he is
proposing to the Board today continues and expands what was
started last year. President Cecil opened the floor for
discussion and questions concerning the Annual Plan of Work for
1995/1996. Boardmember Dick Amis made a motion, seconded by
Barney Bray, that this Plan of Work be adopted subject to the
elimination of the item regarding additional personnel which
has not been decided at this point, which carried unanimously.
Resolution No. 95-007, in keeping with Section 4-03 (4) of its
Bylaws, the Paris Economic Development Corporation developed an
amended Annual Plan of Work outlining the activities, tasks,
projects and programs, to be undertaken by the Board during the
upcoming fiscal year and directing the Director of Economic
Development to deliver the same to the City Manager of the City
of Paris on or before June 30.
RESOLUTION NO. 95-007
WHEREAS, the Paris Economic Development Corporation, in keeping with Section 4.03
(4) of its Bylaws, is obligated to develop an annual plan of work outlining the activities, tasks,
projects and programs to be undertaken by the Board during the upcoming fiscal year and to
deliver the same to the City Manager of the City of Paris on or before June 30 of each year;
and,
WHEREAS, the annual plan of work attached hereto as Exbiblt A is hereby presented
by the Director of Economic Development, and it is appropriate that such plan be approved;
NOW THEREFORE;
BE IT RESOLVED BY TItE PARIS ECONOMIC DEVELOPMENT
CORPORATION, that the annual plan of work attached hereto as Exhibit A be, and the same
is hereby, approved; and,
BE IT FURTHER RESOLVED, that the Director of Economic Development be, and
he is hereby, directed to deliver the annual plan of work to the City Manager of the City of
Paris.
PASSED AND ADOPTED this 14th day of June, 1995.
Phillip R. Cecil, President
ATTEST:
Richard M. Amis, Secretary-Treasurer
APPROVED AS TO FORM:
T. K. Haynes, City Attorney
PARIS ECONOMIC
DEVELOPMENT CORPORATION
PROGRAM OF WORK
1995-1996
EXHIBIT A
TABLE OF CONTENTS
Mission Statement
Charge of Paris City Council
PEDC Overall Economic Development Program
1995-1996 Program of Work: Goals, Objectives, and Actions
Goal I - Public Relations
Goal II - Recruitment/Marketing Materials
Goal III - Recruitment/Retention and -Expansion
Goal IV - Community Development
Flexible Incentive Plan
Goals
Activities permitted
Recommended Guidelines
Participation
Cost Benefits Evaluation Factors
Evaluation - Evaluation Teams
Evaluation Process
Closing/Monitoring
Budget for 1995-1996
Projects
129
MISSION STATEMENT
-- PARIS ECONOMIC DEVELOPMENT CORPORATION
TO PLAN, PROMOTE, FINANCE, AND
CONSTRUCT OPPORTUNITIES FOR THE.
RETENTION, GROWTH, AND ATTRACTION OF
BUSINESSES THAT ENHANCE THE LEVEL OF
EMPLOYMENT, THE ECONOMIC BASE AND
QUALITY OF LIFE IN PARIS AND LAMAR
COUNTY, TEXAS.
Goal I Public Relations: Devdop a public relations program
~ to solidt local support of projects and programs of
PEDC.
Goal II. Recruitment/Marketing Materials: Develop a
marketing campaign that specifically addresses the
locational advantages and positive aspects of Paris as
a site for manufacturing, distribution, and service
type facilities.
Goal Ill. Recruitment/Retention and Expansion: Establish a
comprehensive industrial recruitment program
including retention and expansion of existing
industrial sector jobs.
Goal IV Community Development: Support community
development by enhancing the local infrastructure to
support industry, and providing educational
-- opportunities and training to enhance the local
workforce.
130
COUNCIL CHARGE
PARIS ECONOMIC DEVELOPMENT CORPORATION
Definition: To entrust or burden with; to command, instruct, or exhort with right or
authority;, to impose a task or responsibilities on.
The Paris City Council charges the directors of the Paris Economic Development
Corporation (PEDC) with the following responsibilities and actions:
* To focus all Corporate endeavors on implementation of the Mission Statement for
the PEDC.
* To operate only in a manner consistent with all federal, state, and local laws.
* To follow and implement the "501 (c) (3) Operational Guidelines" with the advice and
counsel of the City Attorney of the City of Paris.@
* To follow the Council "Policy Directives" for the PEDC in carrying out the Council
Charge.@
* To take all actions identified in the "Critical Path of Start-up".@
* To complete a "Strategic Plan" following the guidelines of the "Strategic Plan Process" by
May 31, 1994.@
* To dearly delineate in writing the roles of other community organizations in assisting
the PEDC in carrying out the Council Charge.
* To the very best of the Board's ability, make decisions that are in the best legal ethical
and long-term economic interests of the overall community of Paris.
* To encourage employment growth in all segments of the Paris citizenry without regard
to race, creed, sex, or age.
* To develop a comprehensive business incentive package and project approval criteria
for adoption of the Paris City Council.
* To follow the guidelines set out in the incentive package and project approval criteria.
@ Resource Manual Prepared by Day and Associates for the PEDC.
131
PARIS ECONOMIC DEVELOPMENT CORPORATION
OVERALL ECONOMIC DEVELOPMENT PROGRAM
Pursuant to the voters of Paris desires expressed in the
May, 1993, election, the Paris City Council created the Paris
Economic Development Corporation (PEDC). The charge
of the Paris City Council was simple in statement: To
develop a comprehensive business incentive package with
approval criteria that would encourage employment
'. growth, focusing all endeavors on the implementation of
the Mission statement. However, an overal economic
development program is anything but simple. Economic
development, in the fullest sense, is a mix of economic
activities that have the primary purpose of bringing money
(new dollars) and investment into the City.
The PEDC Program of Work develops specific actions
and programs float take advantage of Paris' strengths and
mitigate weaknesses in order to accomplish the Council's
charge. It focuses the activities of the PEDC by concen-
trating on those programs that have the best clm.nce of
succeeding. The Program of Work involves the process of:
* Establishing goals and objectives;
* Concentrating on limited issues;
* Developing general policy recommendations; and
* Implementing specific actions.
132
OVERALL ECONOMIC DEVELOPMENT PROGRAM
PAGE 2
Integral to the process of selecting goals and objectives is
the acknowledgement that there are restraints on the
program and activities selected for inclusion. Besides the
legal restrictions that dictate how the sales tax revenues can
be spent, there is the reality that to be successful the efforts
of the Corporation must be targeted.
This program is founded on the retention, expansion,
and attraction of industrial/manufacturing activity because
that economic sector offers Paris the best potential to
expand and diverisfy its economic base - thereby creating
and upgrading job opporttunities and the Paris quality of
life.
The long term commitment to economic development
should be focused in the follow'ingareas:
* The retention and expansion of existing industry.
* The marketing of Paris to recruit new industry.
* The development of the community's infrastructure
to support industry.
* The development of public sentiment and support
for the projects of the PEDC.
133
GOAL I: Public Relations
-- Develop a public relations program to solidt local support of projects
and programs of the PEDC.
OBJECTIVE
To educate and inform the Paris general public as to the need and
benefit of PEDC projects and programs.
ACTIONS
Positive interaction with all local media through explanation of actions
by Board Members, availability for interviews, serve as guest columnist
for newspaper.
Conduct and support community wide visioning.
Utilize outside consultant groups if necessary.
Coordinate with the Public Affairs Committee of the Chamber of
Commerce.
Utilize local labor organizations for communications.
Direct communications with local minority leaderslzip and special
interest groups.
134
GOAL I: Public Relations (continued)
OBJECTIVE
Present a unified and focused effort of the community for economic
growth.
ACTIONS
'. Presentation to local and area civic clubs and organizations.
Interact with other area economic development agencies and groups.
Encourage individual salesmanship through local Parisian
entrepreneurs and existing businesses.
135
GOAL II. Recruitment/Marketing
Materials
Develop a marketing campaign that specifically addresses the locational
advantages and positive aspects of Paris as a site for manufacturing,
distribution, and service type futilities.
OBJECTIVE
Gain regional, state and national recognition of the positive aspects of
doing business in Paris.
ACTIONS
-- Coordinate with the Chamber of Commerce Marketing Committee to
publish brochures that promote Paris.
Develop advertising materials to be used in magazines, newspapers,
billboards, and.direct mail.
Participate in promotional activities such as those supported by the
Texas Marketing Team.
Participate in the Texas International Reception.
Participate in the Texas Industrial Development Council.
Participate in the North -East Texas Economic Developers Roundtable.
-- Participate in the American Economic Development Council.
136
GOAL II: Recruitment/Marketing
Materials (continued)
ACTIONS
Work in close cooperation with industrial allies, such as TU Electric,
Lone Star Gas, Railroads, and the Texas Department of Commerce.
Develop an industrial allies appreciation day.
Establish relationship with state and national legislature to influence
decisions that affect econonic development and enhance the local and
state business climate.
Have Paris recognized as a Lone Star City.
Participate in select target market Trade Shows.
137
GOAL III: Recruitment/Retention and
Expansion
Establish a comprehensive industrial recruitment program including
retention and expansion of existing industrial sector jobs.
OBJECTIVE
Attraction of new industrial jobs while retaining and expanding the
currently existing industrial base.
ACTIONS
Contact prospective industries for facility locations in Paris.
-- Develop target industry groups.
Acquire necessary directories for prospecting activities.
Develop a library of statistical and demographic information on Paris
and its trade a.rea.
Participate with the Chamber of Commerce Industrial Managers Group.
Recognize local industries for expansion, growth, and outstanding
contribution to the Paris economy.
Initiate a program of personal visitation by PEDC to local industries.
Solicit Parisians to make personal calls on corporate headquarters of
-- existing industry and prospective industry.
138
GOAL III: Recruitment/Retention and
Expansion (continued)
ACTIONS
Work with the Chamber of Commerce to publish and distribute a
directory of Paris and Lamar County manufacturers.
Utilize survey of existing industry to develop prospect list.
Leverage PEDC to finance industrial projects.
Explore all development options that could affect the Paris economy
such as tourism attractlon projects, retail and wholesale development.
139
GOAL IV: COMMUNITY DEVELOPMENT
-- Support community development by enhancing the local infrastructure
to support industry, and providing educational opportunities and
training to enhance the local workforce-
ACTIONS
Support the improvement of transportation access into Paris, ground
and air.
__ Develop industrial sites for prospective industry:, cleared, identified,
with development plans.
Carry out construction of a model building to attract prospective
industry.
Coordinate industry training needs with local school district and Paris
Junior College.
Promote the Smart Jobs Program to Paris and Lamar County industries.
Promote the Paris Enterprise Zone as a locational incentive.
Utilize the tax abatement incentive program as defined by the City of
Paris.
-- Promote the "Freeport Exemption' of taxes on goods in transit as a
locational incentive.
140
Paris Economic
Development Corporation
FLEXIBLE INCENTIVE
PLAN
PARIS, TEXAS
MAY 12, 1994
1651 Clarksville Street * Paris, Texas 75460
(903) 784-2501 * 1-800-PARIS, TX * Fax: (903)784-2503
141
GOALS: The Paris Economic
Development Corporation will consider
participation in projects which will:
* create new jobs
* retain existing jobs
* attract new business
* encourage new business formation
142
ACTIVITIES SPECIFICALLY PERMITTED UNDER
TEXAS LAW (Section 4a Cities):
* Acquistion of land, buildings, and equipment;
* Paying principal and interest on debt;
* Improving airports that are an integral part of an industrial
park;
* Making improvements to support waterborne commerce; or
* Leasing, selling by installment payments, making secured or
unsecured loans, or issuing bonds, providing temporary or
permanent financing or refinancing (including refunding of
outstanding obligations) for projects of the development
corporation.
PROJECTS SPECIFICALLY ALLOWED INCLUDE:
* New or existing land, buildings, equipment, facilities and
improvements required or suitable for the promotion or
development and expansion of manufacturing facilities;
* Transportation and other public services such as sewer and
water to industrial sites and facilities;
* Distribution centers;
* Small warehouse facilitics capable of serving as decentralized
storage and distribution centers; and
* Facilities which are related to the foregoing.
143
RECOMMENDED GUIDELINES: The Paris EConomic
Development Corporation wants to encourage the
development of vigourous, competitive businesses and to
maximize the impact of the funds generated by the economic
development sales tax. Therefore, the PEDC will make its
investment decisions in accordance with the following
principles:
a) Businesses must demonstrate financial health and the ability to
remain financially sound.
b) Funds committed by the Paris Economic Development Corporation
should be used to enhance or leverage commitments from private
sector lenders and/or other public sector programs including:
* enterprise zone
* SBA 7(a) loan guarantees
* SBA 504 fixed asset loan
* Texas Capital Fund
* Texas Leverage Fund
* Texas Smart Jobs Fund
* Exporters Loan Guarantee Program
* Ark-Tex Regional Development Company Revolving Loan Fund
* Economic Development Administration and other new state and
federal programs.
c) Techniques which provide substantial support to businesses in the
job creation process and at the same time preserve capital for
future use with other businesses will be used whenever possible.
Such techniques could include loans rather than grants, loan
guarantees, interest rate write-downs, subsidized rent during a
start-up or relocation time frame, leveraging bank loans by taking
a subordinated position, etc.
__ d) The project must be located within Lamar County.
144
PARTICIPATION: The Paris Economic Development
Corporation will determine on a case by case basis the best way
to encourage job creationby new or existing industry. The
PEDC may participate in any of the following ways:
* direct loans, including subordinated to bank debt
* loan guarantees
* extension of utilities to an industrial site/site development
* interest rate write-downs
* rent subsidies
* land or building purchase/lease (could include
remodeling)
* build/lease-back
* job training
* loans with forgiveness based on job creation
* reimbursement of relocation expenses
* issuance of bonds or partidpation in the Texas Leverage
Fund
The Laws governing the economic development sales tax are
subject to change. The Paris Economic Development
Corporation should rely on legal counsel in each and every
case to make sure that commitments are within the parameters
of the law.
145
COST BENEFIT EVALUATION FACTORS: The Paris
Economic Development Corporation will evaluate potential
projects based on cost/benefit analysis taking into
consideration the following criteria:
a) Commitment of company funds: The Company must
make a cash commitment to the project A company
commitment in the range of 15-30% is preferred; 20% can
be used as a general guideline; the specific contribution
will be negotiated on a case by case basis.
b) Leverage of other funds: The ratio of all other funds to
the funds committed by the Paris Economic Development
Corporation shall not be less than 1:1. "Other funds" may
include company equity, private debt, and state or federal
grants or loans.
-- c) Dollars per job: A flexible approach is recommended in
this case, depending on the extent of a company's
economic impact. The general guideline which will be
used is 1 job per $10,000 in loan funds and 1 job per $2,000
in grant funds. For companies which are adding to the
property tax base, provide higher wages, have substantial
related economic benefits (i.e. purchasing of locally grown
agricultural products, extensive use of local machine
shops, etc.), and make a long term commitment to the
community (i.e. purchase vs. lease), the PEDC may elect
to increase the financial commitment per job on an
individual case by case basis.
146
EVALUATION
EVALUATION TEAM: A project review committee should
should be established. Members of this committee should have
the capability to evaluate the business plan and financial
information provided by the company. The committee may
include some or all of the members of the Paris Economic
Development Corporation and other appointees in a decision
making or advisory capacity. Characteristics and skills which
are important to the project review team are as.follows:
* understanding of the community, its economy and goals
* unquestioned integrity
* ethical, can be trusted with confidential business
information
* able to balance caution, creativity, and risk-taking
* good communicator, fosters enlightened debate while
maintaining a positive team spirit.
* significant business experience
* understanding of finance and ability/willingness to
combine various economic development tools into a
financing package
* ability to recognize positive attributes of various proposals
as well as the ability to identify projects most likely to fail
* ability to identify and to manage risk
* legal, accounting, construction/engineering, lending,
manufacturing, and entrepreneurial skills
147
EVALUATION PROCESS: The project review teams should
request and review the following information for each project:.
* the company, its structure and ownership
* the company's principals and management team
* markets and market strategy
.* balance sheet and profit and loss (three years)
* pro-forma finandal statements (three years)
* last available tax return
* personal financial statements may be requested, depending
_ on corporate structure
* lender and lending institution
* job creation or retention: general types of employment and
compensation
* special utility or envirommental considerations
Based on the above information, the project review team will
evaluate the feasibility of the project and structure of the
incentive package and recommend its approval, disapproval or
restructuring.
148
CLOSING/MONITORING: Accountability to the taxpayers requires
attention to responsible closing and monitoring of projects which have
received economic development support. Such attention can also be an
opportunity to raise public awareness and to create a sense of
community pride and achievement. The following elements should be
part of follow-up activities with assisted company:.
a) Make all commitments in writing to avoid misunderstandings
b) Establish a time frame for the commitment, ie. if construction is
not started withing six months, the agreement is null and void.
Time frames help ensure that dry funds do not get tied up with
troubled projects and will not be available for others.
c) If a loan, loan guarantee, or similar incentive is used, make sure all
loan agreements are executed and security positions recorded.
d) Hold ground-breaking or ribbon cutting ceremonies. Conduct
plant tours or hold a Chamber/Industrial Foundation annual
meeting in a new or expanded plant to recognize the successful
partnership between industry and the community. Build a broad
base of support by inviting business and community leaders,
employees and as large an audience as possible. Get good media
coverage. Celebrate the company's success and your successes as a
community. Everyone in the community has contributed through
the sales tax; help them to feel they are part of the success.
e) Require a simple annual report from the company identifying
number of jobs created or retained, additional payroll and the
increase in purchasing from local vendors. Companies can also be
encouraged to note their participation in community affairs, such
as United Way contributions, support for other non-profit civic and
cultural activities. Use this information in newletters, local media,
economic development promotitonal activities and annual reports.
Use it in setting goals and reviewing progress.
149
PARIS, TEXAS
ECONOMIC DEVELOPMENT
1/4% SALES TAX
COLLECTION DATE PAYMENT CUMULATIVE
PERIOD RECEIVED TO CITY AMOUNT
Oct. 93 12-07-93 $47,393.79 $47,393.79
Nov. 01-11-94 53,433.06 100,826.85
Dec. 02-08-94 91,394.36 192,221.21
Jan. 94 03-08-94 43,959.84 236,181.05
Feb. 04-05-94 47,077.25 283,258.30
Mar. 05-10-94 81,485.82 364,744.12
Apr. 06-07-94 51,065.72 415,809.84
May 07-06-94 51,893.82 467,703.66
Jun. 08-09-94 82,277.18 549,980.84
Jul. 09-07-94 56,945.48 606,926.32
Aug. 10-11-94 61,765.67 668,691.99
Spt. 11-08-94 82,395.94 751,087.93
TOTAL 93-94 751,087.93
Oct. 12-06-94 55,341.23 806,429.16
Nov. 01-10-94 56,654.28 863,083.44
Dec. 02-07-94 99,900.56 962,984.00
Jan. 95 03-07-95 49,948.77 1,012,932.77
Feb. 04-11-95 48,711.67 1,061,644.44
Mar. 05-09-95 74,241.91 1,135,886.35
Six Month Total 384,798.42
TOTAL COLLECTED $1,135,886.35
150
PARIS ECONOMIC DEVELOPMENT CORPORATION
1995-96 BUDGET
93-94 94-95 YEAR PROPOSED
REVENUE ACTUAL BUDGET TO DATE 95-96
5/31/95
Sales Tax $606,926 $741,260 $528,954 $770,000
Int. Earned 4,480 -0- 7,320 12,000
---------------------------------------------------------------------------------------------------------------------------------------
TOTAL REVENUE $611,406 $741,260 $536,279 $782,000
CASH CARRY OVER 870,000
--------------------
ECONOMIC DEVELOPMENT PROJECTS - UNDESIGNATED FUND BALANCE 1,652,000
151
PARIS ECONOMIC DEVELOPMENT CORPORATION
1995-96 BUDGET
ACCOUNT DESCRIPTION 93-94 94-95 YEAR TO PROPOSED
ACTUAL BUDGET DATE 5/31/95 95-96
New Industry Projects $527 $290,000 -0- $666,125
Existing Industry Projects $51,560 290,000 $126,973 666,125
Paris Junior College -0- -0- -0- 97,500
T & K, Inc. -0- -0- -0- 25,000
B & W Sewer Line 135,640 -0- -0- -0-
Debit Service Subtotal 187,728 580,000 126,973 1,454,750
Office Supplies 97 -0- 1,346 4,000
Postage 41 -0- 352 2,000
Supplies Subtotal 139 -0- 1 ,698 6,000
Court costs: Special Services -0- -0- 465 -0-
Travel Expenses 403 -0- 489 3,000
Contractural-Associations 1,500. -0- -0- -0-
Promotional-Advertising -0- 70,000 28,270 77,000
Consultants 27,483 -0- 254 -0-
Services Provided by City -0- 25,000 155 25,000
Compensation-Chamber CEO 11,458 25,000 14,583 26,250
Chamber Assistant -0- -0- -0- 40,000
Contractural Subtotal 40,845 120,000 44,217 171,250
Leases 312 -0- -0- -0-
Contingency -0- -0- -0- 10,000
Sundry Charges Subtotal 312 -0- -0- 10,000
Machinery Tools Eqpt. -0- -0- -0- 10,000
Capital Outlay~Eqpt. Subtotal -0- -0- -0- 10,000
Program Total 299,025 700,000 172,889 1,652,000
Dept. Total 229,025 700~000 172,889 1,652,000
152
PEDC
Industrial Projects
1.) Organizational Structure by Day & Associates
Mission Statement
Charge from Council
Articles of Incorporation
Bylaws
Strategies Planning Process
Critical Path Start-up
501 (c) (3) Operational Guidelines
2.) Pace Group
Flexible Incentive Program
Business and Retention Program
Visioning
3.) Chamber Contract
Staff Services $25,000.00
4.) B & W Sewer Iine $135,640.53
208' of 8" sanitary sewer
1,890' of 15" sanitary sewer
Crossing under railroad
5.) Soup Street Project $143,276.18
80,000 lbs. capadty reinforced
concrete roadway
6.) Land Purchase $18,.381.00
16.66 acres in NW Industrial Park from
Tom Westbrooks on request from Paris.
Industrial Foundation
153
Industrial Projects Page 2
7.) Support of East Texas Gulf Highway $3,000.00
Association- Green Carpet Memorial Route
8.) Improvement to Industrial Drive $25,000.00
resurfacing of entry street to
N.W. Industrial Park &
T & K Machine.
9.) Site in N.W. Industrial Park
10 Acres for Model Building
10.) Electro Mechanical Technology Program $150,000.00
Paris Junior College - 2 year funding
Year 1 - $105,000
Year 2 - $ 45,000
154
Boardmember Curtis Fendley made a motion, seconded by
Boardmember Barney Bray that the amended Annual Plan of Work
for 1995/1996 as amended be adopted. The motion carried
unanimously..
President Cecil stated the next item on the agenda was approval
of the Annual Budget for fiscal year !995/1996. He said that
Mr. Anderson and Mr. Vest had been working on this item. Mr.
Anderson went over the proposed figures for the 1995/1996
budget. He said in order to give the Board as much freedom as
possible, they budgeted all the anticipated revenues plus the
anticipated carry forward, so that any money that the Board had
would be available to work within the budget document itself.
Mr. Anderson stated the effective date of this budget would be
October, 1, 1995, thru September 30, !996, which corresponds
with the City's 1995/1996 budget period.
President Cecil advised that he felt in the proposed budget as
in the Annual Plan of Work the expansion of staff would have to
be eliminated at this time and subject to an amendment after a
decision is reached. He said for purposes of approving the
budget at this meeting this amount will be eliminated.
Res. 95-008, in keeping with Section 8.03 of its bylaws,
directing the Secretary/Treasurer to deliver the Paris Economic
Development Corporation budcet as amended for 1995/1996 to the
City Manager of the City of Paris on or before June 30, 1995,
for inclusion in his annual budget to be presented to the City
Council in accordance with the Charter of the City of Paris.
RESOLUTION NO. 95-008
WHEREAS, the Paris Economic Development Corporation, in keeping with Section 8.03
of its bylaws, is obligated to have a proposed budget prepared, approved and delivered to the
City Manager of the City of Paris on or before June 30 of each year for inclusion in his annual
budget to be presented to the City Council in accordance with the Charter of the City of Paris;
and,
WHEREAS, the budget attached hereto as Exhibit A is hereby presented by the
Secretary-Treasurer, and it is appropriate that such budget be approved; NOW THEREFORE;
BE IT RESOLVED BY THE PARIS ECONOMIC DEVELOPMENT
CORPORATION, that the budget attached hereto as Exhibit A be, and the same is hereby,
approved; and,
BE IT FURTHER RESOLVED, that the Secretary-Treasurer be, and he is hereby,
directed to deliver the budget attached hereto as Exhibit A to the City Manager of the City of
Paris for inclusion in his annual budget to be presented to the City Council in accordance with
the Charter of the City of Paris.
PASSED AND ADOPTED this 14th day of June, 1995.
Philip R. Cecil, President
155
ATTEST:
Richard M. Amis, Secretary-Treasurer
APPROVED AS TO FORM:
T. K. Haynes, City Attorney
Budget Preparation Worksheet
Paris Economic Development Council
EXHIBIT A
156
Budget Prparation Worksheet
(Continued)
Boardmember Curtis Fendley made a motion seconded by
Boardmember Barney Bray that the Paris Economic Development
Corporation Budget for 1995/1996 as amended be adopted. The
motion carried unanimously.
President Cecil asked the Board to move into executive session
and he excused everyone, but he asked ex-officio members Bill
Vaughan, City officials and Mr. Vest to remain.
The Board reconvened from executive session. President Cecil
asked if there was any other business and there being none he
declared the board meeting adjourned.
PRESIDENT PHILIP CECIL
ATTEST:
ASSISTANT CITY CLERK, BARBARA DENNY