04/16/2024 MinutesS1" IE X A 5
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PARIS ECONOMIC DEVELOPMENT CORPORATION
MONTHLY MEETING
Paris City Council Chambers
107 East Kaufman St.
Paris, Texas 75460
Tuesday, April 16, 2024
5:30 P.M.
MINUTES
Board Members Present:
Josh Bray, Chairman
Curtis Fendley, Vice Chairman
Chase Coleman, Secretary/Treasurer
Stephen Terrell
Erik Roddy
Mark Homer
Dr A.J. Hashmi
Ex -Officio Members Present:
Robert Vine, Assistant City Manager
Staff Present:
Maureen Hammond, Executive Director
Adam Cawthon, Executive Assistant
Legal Council:
Casey Gain, PEDCAttorney
Guest(s) Present:
Paul Allen, Lamar Co. Chamber President
Call to Order
Chairman Josh Bray called the monthly board meeting of the Paris Economic Development Corporation
to order at 5:30 p.m. on Tuesday, April 16, 2024.
Invocation
Mr. Roddy gave the invocation.
Welcome and Opening Remarks
Chairman Bray opened by expressing appreciation to everyone in attendance.
Citizens' Input
Chairman Bray invited those present to speak during the Citizens' Input.
No one came forward, and Chairman Bray closed citizens' input.
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Discuss and Consider Approval of the March 19, 2024, Meeting Minutes
Chairman Bray presented the March 19, 2024, meeting minutes for review and discussion.
Mr. Fendley made a motion to approve the minutes as presented. Dr. Hashmi seconded the motion.
Vote: 7 -ayes to 0 -nays
Discuss and Consider Approval of the March 2024 Financial Statements
Secretary and Treasurer Chase Coleman presented the financial reports ending March 31, 2024. Total
assets were reported to be $10,074,651. Total liabilities were reported to be $2,184,051, leaving the
PEDC with a total net position of $7,890,600. Mr. Coleman continued with the income statement for the
month of March, citing the reported total revenue as $169,785.
Mr. Coleman proceeded by presenting total expenditures and net income for the month. He concluded
this portion of the report by stating that there were no extraordinary expenses for March and that sales
tax and interest collection continued to be ahead of budget.
Mr. Coleman opened the floor to questions regarding the March financial report. Dr. Hashmi asked a
question regarding the increase in the total net position. Mr. Coleman provided response, stating that
the net position of the PEDC continues to increase as more revenue is earned. There were no further
questions.
Mr. Bray took a motion to approve the March financial report. Dr. Hashmi made a motion to approve
the financial report as presented. Mr. Terrell seconded the motion.
Vote: 7 -ayes to 0 -nays
Discuss and Consider Finalizing a Date for the Board and Staff Planning Session
Chairman Bray reported that after discussions with members of the PEDC Board, July 12, 2024, from
11:00 a.m. to 3:00 p.m. was agreed to be the best available time for all members.
Mr. Bray opened the floor to questions regarding the planning session. There were no questions.
Report and Updates bV Executive Director Maureen Hammond
NW Industrial Park EDA Grant: Ms. Hammond reported that AL Paving had begun removing topsoil for
an extension from 34th St NW to J. Eagan St. Ms. Hammond noted that while weather continues to cause
delays, construction is still on schedule to conclude in September 2024.
Paris Housing Market Analysis: Ms. Hammond -reminded the board that the City of Paris engaged
Catalyst Commercial to perform a housing analysis. She noted that this analysis should be finalized by
the end of April.
TIRZ Zone 1: Ms. Hammond reported that during a previous TIRZ meeting in March, the Advisory Board
requested to hold an educational workshop that would be open to the public. Ms. Hammond noted that
this workshop has been scheduled for May 9, 2024, at 3:00 p.m. and will be conducted by the
Comptroller's office. Ms. Hammond continued, stating that the Advisory Board had requested to begin
the process of engaging a consultant, however, that process has been postponed until after the
aforementioned educational workshop. Ms. Hammond concluded by noting that Brandon Bell had
resigned from the TIRZ advisory board and that his position was currently open.
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Ms. Hammond opened the floor to questions regarding TIRZ Zone 1. Mr. Homer asked a question
concerning how quickly the open position would be filled. Ms. Hammond provided response, stating
that the position is expected to be filled in June 2024.
There were no further questions following the report and updates by Executive Director Maureen
Hammond.
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 to 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 another incentive to a business prospect described by Subdivision (1), to wit:
a) Project Lightening
b) Project Blue Fire
c) Project Clydesdale
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 2) to hear a complaint to charge against officer or employee
personnel.
Chairman Bray convened the Board into Executive Session at 5:37 p.m.
Reconvene into Open Session and Consider Action on Item(s) Discussed in the Executive Session
Chairman Bray reconvened the Board into an Open Session at 5:50 p.m.
Chairman Bray expressed that no action was needed on items discussed in Executive Session.
Discuss Future Agenda Items
Chairman Bray opened the floor to discuss future agenda items. No items were brought forward for
discussion.
Closing Remarks
None
Adiourn
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Mr. Homer made a motion to adjourn the meeting. Dr. Hashmi seconded the motion.
Vote: 7 -ayes to 0 -nays
Chairman Bray declared the meeting adjourned.
The meeting was adjourned at 5:51 p.m.
Respectfully submitted,
4
Adam Cawthon
Executive Assistant
Paris Economic Development Corporation
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