2000-01-26-PEDC 511
MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION
SPECIAL MEETING
-- January 26, 2000
The Paris Economic Development Corporation met in a special meeting on
Wednesday, January 26, 2000, at 12:20 P.M., in the City Council Chambers, City
Hall, Paris, Texas. President Mike Rhodes called the meeting to order with the
following boardmembers present: Dick Amis and Jay Guest. Also present were
ex-officio boardmembers Mayor Charles Neeley, Chamber Chairman Paul
Swasko, City Manager Michael E. Malone, City Attorney Larry Schenk, Executive
Director Gary Vest, and Attorney Clark McCoy.
President Rhodes stated that the first item on the agenda was a closed session in
accordance with Section 551.071 of the Open Meetings Act to seek the advice of
the attorney regarding pending litigation styled Northeast Texas Economic
Development District, Inc., Plaintiff, and Paris Economic Development
Corporation, Intervenor, v. Charles Rhoades, Willie Mae Rhoades, Steven R.
Rackley, Bits International Company, Inc., C. David Rhoades, Karen R. Rackley, R.
Gall Andrews and Roger A. Rhoades, Defendants, Cause No. 98C0187-102, 102nd
Judicial District Court, Bowie County, Texas.
The Paris Economic Development Corporation went into executive session at
12:21 P.M.
President Rhodes reconvened the Board into open session at 12:52 P.M.
President Rhodes stated that the next item was discussion, consideration of and
action on approving and authorizing the Director of the Paris Economic
Development Corporation to execute a written compromise settlement agreement
with C. David Rhoades in that action styled Northeast Texas Economic
Development District, Inc., Plaintiff, and Paris Economic Development
Corporation, Intervenor, v. Charles Rhoades, Willie Mae Rhoades, Steven R.
Rackley, Bits International Company, Inc., C. David Rhoades, Karen R. Rackley, R.
Gail Andrews and Roger A. Rhoades, Defendants, Cause No. 98C0187-102, 102nd
Judicial District Court, Bowie County, Texas, and approving a division of funds in
the amount of 41 2/3% to the Northeast Texas Economic Development District,
Inc., (NTEDD) and the remainder to the Paris Economic Development Corporation.
Boardmember Jay Guest made a motion, seconded by Boardmember Dick Amis,
to approve the written compromise settlement agreement presented to the Board
by our attorneys in this action styled Northeast Texas Economic District, Inc.,
Plaintiff, and Paris Economic Development Corporation, Intervenor, v. C. David
Rhoades, and to authorize the Director of the Paris Economic Development
Corporation to execute our said written compromise settlement agreement
presented by our attorneys and to approve a division of funds as a result of the
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settlement in the amount of 41 2/3% to the Northeast Texas Economic
Development (NTEDD) and the remainder to the Paris Economic Development
Corporation. The motion carried unanimously.
President Rhodes asked if there was any other business and there being none he
declared the board meeting adjourned.
President Michael Rhodes
A'I-I'EST:
Assistant City Clerk Barbara Denny