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10/21/2025 MinutesEXAS � O' MIC IDEVEILOPM t C � I� OR STI 11, f„ x at," -its Reach f rl, igf"'j er PARIS ECONOMIC DEVELOPMENT CORPORATION MONTHLY MEETING Depot Community Room Paris Economic Development Corporation 1125 Bonham St. Paris, Texas 75460 Tuesday, October 21, 2025 4:00 P.M. MINUTES. Board Members Present: Josh Bray, Chairman Curtis Fendley, Vice Chairman Chase Coleman, Secretary/Treasurer Erik Roddy Mark Homer Marshall Dougherty Ex -Officio Members Present: Rose Beverly, City Manager rnii to nrAnr Staff Present: Maureen Hammond, Executive Director Adam Cawthon, Executive Assistant Sarah Moore, Project Coordinator Legal Council: Casey Gain, PEDC Attorney Chairman Josh Bray called the monthly board meeting of the Paris Economic Development Corporation to order at 4:00 p.m. on Tuesday, October 21, 2025. Inxin&-ntinn Mr. Roddy gave the invocation. Welcome and Opening Remarks Chairman Bray opened by expressing appreciation to everyone in attendance. Page 1 of 4 EXAS � O' MIC IDEVEILOPM t C � I� OR STI rip ra 115 r r :rr i r Reach rac 1 i 11 l'y'.jl°„ Citizens' Input Chairman Bray invited those present to speak during the Citizens' Input. No one came forward, and Chairman Bray closed citizens' input. Discuss and Consider Approval of the September 18, 2025, Meeting Minutes Chairman Bray presented the September 18, 2025, meeting minutes for review and discussion. Mr. Roddy made a motion to approve the minutes as presented. Mr. Dougherty seconded the motion. Vote: 6 -ayes to 0 -nays Discuss and Consider Approval of the September 2025 Financial Statements Treasurer Coleman indicated that, due to the City's year-end financial preparations, the September financial statements were unavailable for this meeting. He requested that this item be tabled until the next PEDC board meeting. Discuss and Consider Combined Nov./Dec. Board Meeting Chairman Bray noted that the PEDC Board has historically held a combined meeting for the months of November and December. He opened the floor to discussion involving a combined meeting. Mr. Homer asked if the meeting would take place in November or December. Mr. Bray noted that traditionally this meeting has been scheduled for the first week of December. Mr. Bray suggested that the Board postpone setting a date for a couple of weeks due to ongoing projects and discussions. There were no further questions. Report and Updates by Executive Director Maureen Hammond EDA Grant Project for the NW Industrial Park: Ms. Hammond reported that the PEDC is currently receiving bids to clear additional land in the NW Industrial Park, and that this project is anticipated to begin within the next 30 days. She added that a change order would need to be approved by the EDA. Tax Increment Reinvestment Zone (TIRZ) No. 1: Ms. Hammond reported that the TIRZ Advisory Board had approved an ordinance to modify the existing boundary of TIRZ No. 1, removing Zone 4, encompassing the 115 -acres of the Gene Stallings Business Park. She noted that the ordinance would be presented to City Council during the November 10th meeting, per the city attorney. East Texas A&M College of Science and Engineering Industry Connect Day: Ms. Hammond reported that the Industry Connect Day event had a confirmed date of November 7, 2025 and would take place at Home2 Suites. She noted that businesses committed to attend included Campbell's, Harrison, Walker, & Harper, and TOOT and that Huhtamaki was tentatively confirmed to attend. She stated that approximately 60 students and faculty of East Texas A&M College were anticipated to attend the event and invited the Board to attend. Annual Compliance: Ms. Hammond noted that the PEDC currently has six active performance agreements. Those agreements included the following industries: Page 2 of 4 EXAS � O' MIC IDEVEILOPM t C � I� OR STI 11, f„ x at," -its Reach f rl, igf"'j er • Ametsa Packaging • Rodgers Wade • Universal Fabricating • LionsHead Specialty Tire & Wheel • Huhtamaki • American SpiralWeld Pipe She reported that all companies are in compliance based on their performance agreements. She noted that, of the companies that have incentive obligations within their contracts, the PEDC collectively paid approximately $305,000 to those industries during the month of September (This represents the PEDC's annual incentive obligations based on contractual obligations for new jobs). She reported that after deducting this total, the PEDC has approximately 1.3 million dollars remaining in commitments through 2029. Ms. Hammond opened the floor to questions regarding her updates. Pertaining to the TIRZ No. 1, Mr. Bray asked if conversations had taken place between the TIRZ Advisory Board and City Council regarding the proposed ordinance and its potential benefits. Additionally, he asked if the PEDC Board could assist in educating City Council on the benefits of the ordinance. Ms. Hammond noted that conversations had taken place between herself and multiple council members and that any assistance from the Board would be welcome. Mr. Dougherty asked if the vote by City Council would be the final action needed on the ordinance. Ms. Hammond noted that, to her understanding, this was the case. There were no further questions. Convene into Executive Session: 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 Fancy Dirt b) Project Catalyst c) Project Star Anchor II. Pursuant to Section 551.072 of the Texas Government Code to discuss and deliberate the purchase, exchange, lease, or value of real property. Chairman Bray convened the Board into Executive Session at 4:08 p.m. Page 3 of 4 EXAS � O' MIC IDEVEILOPM t C � I� OR STI 11, f„ x at," -its Reach f rl, igf"'j er 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 4:54 p.m. Mr. Roddy made a motion to authorize Treasurer Coleman and Ms. Hammond to negotiate and execute the contract discussed in Executive Session. Mr. Homer seconded the motion. Mr. Bray and Mr. Fendley abstained due to a conflict of interest. Vote: 4 -ayes to 0 -nays Discuss Future Agenda Items Chairman Bray opened the floor to discuss future agenda items. No items were brought forward for discussion. Closing Remarks None Adjourn Chairman Bray declared the meeting adjourned. The meeting was adjourned at 4:55 p.m. Respectfully submitted, Adam Cawthon Executive Assistant Paris Economic Development Corporation Page 4 of 4