1998-03-11-PEDC 316
MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION
REGULAR MEETING
March 11, 1998
The Paris Economic Development Corporation met in a regular meeting on
Wednesday, March 11, 1998, at 4:00 P.M., in the City Hall North Annex, Meeting
Room, Paris, Texas. President Curtis Fendley called the meeting to order with
the following boardmembers present: Dick Amis, Michael Rhodes, Leon Williams
and Barney Bray. Also present at this meeting were ex-officio boardmembers, Ike
Jewett, Executive Director Gary Vest, Michael Malone, City Manager, and City
Attorney T. K. Haynes.
President Fendley 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 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 February report. Boardmember Amis
questioned Mr. Anderson concerning the interest income rate. The
boardmembers discussed how this fund was being handled at the present time.
Mr. Anderson stated that this fund is in an interest bearing account at Liberty
National Bank per earlier Board instructions. After discussion, it was the Board's
consensus that Mr. Anderson should check into the projected cash flow and
bring a proposal to the April meeting covering the period of time from now until
the end of the budget cycle where the best interest rate is available through the
local institutions. Boardmember Dick Amis made a motion, seconded by
Boardmember Barney Bray that the financial report be approved as presented.
The motion carried unanimously.
President Fendley appointed a committee consisting of Gary Vest, Barney Bray
and Dick Amis to work with City Engineer Earl Smith on the Southwest Industrial
Park road area. He asked the committee to report back to the Board.
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President Fendley asked Mr. Vest to make his report. Mr. Vest discussed the
responses received since the last meeting, and he stated that the prospect
activity has been extremely good since the last meeting. Mr. Vest advised that
they had shown the BITCO building to one of Paris' existing industries that is
-- looking at a possible use for the facility. He said that he had contacted the
auctioneer concerning rescheduling the auction. Mr. Vest said that we received
the final draft of the labor survey with Economic Development Services for
review. He stated that we will return this draft later this week which will be
followed by the final report. Mr. Vest discussed the information obtained in this
survey and made copies available to boardmembers.
President Fendley asked if there was any other business and there being none he
declared the board meeting adjourned.
President Curtis Fendley
-- ATTEST:
Assistant City Clerk, Barbara Denny