2000-08-16-PEDC582
MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION
REGULAR MEETING
August 16, 2000
The Paris Economic Development Corporation met in regular session on
Wednesday, August 16, 2000, 4:00 P. M., at Heritage Hall, 1009 West
Kaufman Street, Paris, Texas. President Michael Rhodes called the meeting
to order with the following boardmembers present: Jay Guest, Melba Harris,
Michael Dunn, and Don Wall. Also present were ex-officio boardmembers
Chamber Chairman Paul Swasko, Mayor Michael J. Pfiester, ExecutiVe
Director Gary Vest, City Manager Michael E. Malone, City Attorney Larry
Schenk, and City Clerk Mattie Cunningham.
President Michael Rhodes announced the first order of business would be
administering the oath of office to the newly appointed Director of the Paris
Economic Development Corporation, Michael Dunn. City Clerk Mattie
Cunningham administered the oath of office to Mr. Dunn.
President Rhodes stated that the boardmembers had been furnished minutes
of previous meetings 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. Boardmember Jay Guest made a motion,
seconded by Boardmember Don Wall, for approval of the minutes as
presented. The motion carried unanimously.
President Rhodes asked Gene Anderson, Director of Finance, to give the
financial report for the month of July. Mr. Anderson gave the financial report.
Mr. Anderson stated that he would be glad to answer any questions
concerning this report. Boardmember Melba Harris made a motion, seconded
by Boardmember Jay Guest ,for approval of the financial report. The motion
carried unanimously.
President Rhodes said it was his pleasure to sign the first incentive check to
TCIM and stated that the company would be a major asset for the City of
Paris.
President Rhodes asked Mr. Gary Vest to give the Director's Report. Mr. Vest
advised the Paris Economic Development Corporation Board that twelve of
the executives of TCIM would arrive this date for a reception by Hiring
Partners who are trying to recruit their business. Mr. Vest advised the
members of the Paris Economic Development Corporation Board that they are
invited to the reception at 7:30 p.m. at the Hiring Partners offices. Mr. Vest
discussed TCIM's hiring procedures and the number of applications received.
Mr. Vest said that since the last meeting there have been ten contacts through
-- the ad campaign. Mr. Vest said they have two other prospects as a result of
the web site, one direct contract, one prospect visit, and that he had made
one prospect call to a company in Dallas. Mr. Vest said he wanted to point out
to the Board that they had talked about the possibility of a model or spec type
building. Mr. Vest advised that they were eliminated from two site searches
with the Texas Department of Economic Development because they did not
have an available facility. Mr. Vest discussed those two projects with the
Board. Mr. Vest advised that on August 17, the Chamber of Commerce would
be having a business after hours at the Holiday Inn and that the PEDC Board
is invited.
President Rhodes announced that the Board had several business prospects
to discuss. In accordance with Section 551.086 of the Open Meeting Act,
President Rhodes closed the regular meeting at 4:21 p.m. and entered the
closed session to discuss pending negotiations and commercial or financial
information from business prospects regarding the following:
_ A. Discuss financial information regarding loan guaranty for Southwest
Foundry.
President Rhodes excused himself from the closed session due to a conflict
of interest.
After discussion of this item, President Rhodes returned tothe closed session.
B. Discuss possible land acquisition from the Union Pacific Railroad.
Boardmember Don Wall excused himself from the closed session due to a
conflict of interest.
After discussion of this item, Boardmember Don Wall returned to the closed
session.
C. Discuss possible incentives related to the location of a new business
prospect.
D. Discuss possible incentives related to the location of a new business
prospect.
E. Discuss possible incentives related to the relocation of a new
business prospect.
At 5:10 p.m. President Rhodes announced that the Board would go back in to
open session.
President Rhodes called for consideration of and action on a resolution
approving a guaranty loan for Southwestern Foundry.
A motion was made by Boardmember Don Wall, seconded by Boardmember
Melba Harris, to table action on the resolution. The motion carried 4 ayes,
with President Rhodes abstaining.
President Rhodes called for consideration of and action on a resolution
authorizing the acquisition of property from Union Pacific Railroad.
A motion was made by Boardmember Melba Harris, seconded by
Boardmember Guest, to table action on the resolution. The motion carried 4
ayes, with Boardmember Don Wall abstaining.
President Rhodes asked if there was any other business and there being
none, he declared the board meeting adjourned.
MICHAEL RHODES, PRESIDENT
ATTEST:
MATTIE CUNNINGHAM, CITY CLERK