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04/18/2023 MinutesPARIS ECONOMIC DEVELOPMENT CORPORATION MONTHLY MEETING Paris City Council Chambers 107 East Kaufman St. Paris, Texas 75460 THMMEMIM r MINUTES Board Members Present: Josh Bray, Chairman Curtis Fendley, Vice Chairman Stephen Terrell Erik Roddy Mark Homer Dr. AJ Hashmi Ex -Officio Members Present: Paula Portugal, Mayor Reginald Hughes, Mayor Pro Tem/Liaison Clayton Pilgrim, City Council Liaison Grayson Path, City Manager Pam Anglin, President PJC Paul Allen, Lamar County Chamber President r�u +- fl -4.r Page 1 of 3 Staff Present: Maureen Hammond, Executive Director Lauren Trejo, Economic Development Specialist Stephen Kelly, Executive Assistant Legal Counsel: Casey Gain, PEDCAttorney Guest(s) Present: Mary Madewell, The Paris News Chairman Josh Bray called the monthly board meeting of the Paris Economic Development Corporation to order at 5:30 p.m. on Tuesday, April 18, 2023. Mr. Bray noted a quorum was present. Mr. Roddy gave the invocation. Welcome and Opening Remarks Mr. Bray opened by thanking everyone for being in attendance. PEDC Board Meeting Minutes Tuesday, April 18, 2023 Page 2 of 4 Citizens' Input Chairman Bray invited those present to speak during the Citizens' Input. No one came forward and the Citizens' Input was closed. Discuss and Consider Approval of the Minutes of the Regular Meeting held February 21, 2023 Dr. Hashmi made a motion to approve the March 21, 2023, minutes. Mr. Roddy seconded the motion. Vote: 6 -ayes to 0 -nays Discuss and Consider Approval of the February 2023 Financial Statements Ms. Hammond presented the financial reports ending March 31, 2023. She reported that the PEDC total assets are $9.1 million with roughly $5 million in investments, leaving the PEDC with a net position of $ 6.8 million. Ms. Hammond noted the investment account is currently gaining 4.86%. She concluded the financial report by stating that there was nothing out of the ordinary and offered to answer any questions. Mr. Fendley moved to approve the March 2023 financial reports. Mr. Terrell seconded the motion. Vote: 6 -ayes to 0 -nays Discuss and Consider Approval of Agreement(s) related to the EDA Grant for Northwest Industrial Park Ms. Hammond conveyed that on April 4, 2023, the PEDC was awarded $1.3 million in federal funding from the U.S. Economic Development Administration to support infrastructure improvements in PEDC-owned Northwest Industrial Park. She went on to express her excitement about receiving the 70/30 match grant and thanked the City Council and Staff for their support of in-kind contributions of water lines. Ms. Hammond recalled the February 19, 2022, PEDC Board Meeting when the board authorized the EDA grant application for completion and submission. At that time, the board designated EST, Inc.to provide engineering services and ATCOG to act as the administrator for the grant. Ms. Hammond explained that approval was needed by the Board to reaffirm selection of EST and ATCOG now that the grant has been awarded. Dr. Hashmi made the motion to approve the EST, Inc. Engineering Services Agreement as presented. Mr. Homer seconded the motion. Vote: 6 -ayes to 0 -nays Mr. Fendley made the motion to approve the Ark -Tex Council of Governments (ATCOG) Management/Administration Services Agreement as presented. Dr. Hashmi seconded the motion. Vote: 6 -ayes to 0 -nays Chairman Bray reiterated Ms. Hammond's previous statement by expressing appreciation to Council for their support with regard to their contribution of infrastructure improvements as part of the grant application. Report by Executive Director Maureen Hammond Lionshead Specialty Tire & Wheel, LLC.: Ms. Hammond gave a brief update on Lionshead by stating things are moving forward with ongoing city development agreement negotiations and encouraged those that haven't seen progress at the NW Industrial Park, to make an effort to do so. PEDC Board Meeting Minutes Tuesday, April 18, 2023 Page 3 of 4 Universal Fabricating USA, Inc.: Ms. Hammond stated this is another exciting project, highlighting their recent hiring announcement and made mention that the PEDC assisted in promoting this announcement last week. She went on to note that the company will be hiring their first positions over the next few weeks. Branding Update: Ms. Hammond informed everyone the new brand was launched last week. She went on to thank Dr. Hashmi, Mr. Terrell and Mr. Roddy for being part of the Marketing Committee as well as Dr. Hashmi and Mr. Terrell for being part of the branding steering committee. Ms. Hammond noted the whole process took approximately 18 months and she is looking forward to implementing the new brand with a slow roll out. She concluded the report with a brief discussion about the new PEDC website and landing page with the new domain of selectparistexas.com. Housing Study: Ms. Hammond stated that the PEDC supported the city with $20,000 of budgeted funds to assist in a housing study. She noted the study is currently in progress and will be completed in two phases with the first phase totaling a 90 -daytime frame. Ms. Hammond stated that during the survey, they will examine various aspects of the existing housing landscape along with future development plans. Ms. Hammond concluded her report by emphasizing the importance of the survey, reiterating recent job announcements and the need for more housing and diversity in such. Convene into Executive Session: 1) Pursuant to Section 551.087 of the Texas Government Code to (1) discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1), to wit: a) Project Clydesdale b) Project Star Port 2) Pursuant to Section 551.072 of the Texas Government Code to discuss and deliberate the purchase, exchange, lease, or value of real property. 3) Pursuant to Section 551.074 of the Texas Government Code: 1) to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee: or to hear a complaint to charge against an officer or employee. Personnel. Chairman Bray convened the Board into Executive Session at 5:39 p.m. Reconvene into Open Session and Consider Action on Item(s) Discussed in Executive Session Chairman Bray reconvened the Board into Open Session at 6:00 p.m. No action was taken on items from the executive session. Discuss Future Agenda Items No future agenda items were brought forward to discuss. Closing Remarks None PEDC Board Meeting Minutes Tuesday, April 18, 2023 Page 4 of 4 Adiourn Chairman Bray declared the meeting adjourned. The meeting was adjourned at 6:01 p.m. Respectfully submitted, Stephen Kell 05/17/2023 Executive Assistant Paris Economic Development Corporation