08/18/2026 MinutesEXAS
� O' MIC IDEVEILOPM t C � I� OR STI
PARIS ECONOMIC DEVELOPMENT CORPORATION
MONTHLY MEETING
Paris City Council Chambers
107 E. Kaufman St.
Paris, Texas 75460
Board Members Present:
Josh Bray, Chairman
Curtis Fendley, Vice Chairman
Dr. A.J. Hashmi
Erik Roddy
Mark Homer
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Tuesday, August 18, 2026
5:30 P.M.
MINUTES
Staff Present:
Maureen Hammond, Executive Director
Adam Cawthon, Executive Assistant
Patrick McCullough, Project Coordinator
Legal Counsel:
Casey Gain, PEDC Attorney
Chairman Josh Bray called the monthly board meeting of the Paris Economic Development Corporation
to order at 5:30 p.m. on Tuesday, August 18, 2026.
I nvnrntinn
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 Mr.
Bray closed citizens' input.
Discuss and Consider Approval of July 21, 2026, Meeting Minutes
Chairman Bray presented the July 21, 2026, meeting minutes for review and discussion. Dr. Hashmi
made a motion to approve the minutes as presented. Mr. Homer seconded the motion.
Vote: 5 -ayes to 0 -nays
EXAS
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Discuss and Consider Approval of July 2026 Financial Statements
Executive Director Maureen Hammond presented financial reports ending July 31, 2026. Total assets
were reported to be $5,969,370. Total liabilities were reported to be $329,073, leaving the PEDC with a
total net position of $5,640,297. She continued with the income statement for the month, citing the
reported total revenue as $189,526. She concluded the financial report for the month of July by
presenting total expenditures and net income for the month.
Ms. Hammond opened the floor to questions regarding the July financial statements. There were no
questions.
Mr. Fendley made a motion to approve the financial statements as presented. Dr. Hashmi seconded the
motion.
Vote: 5 -ayes to 0 -nays
Discuss and Consider Accounting Proposal from McClanahan & Holmes
Chairman Bray took a motion to table Agenda Item 7 for future discussion. Dr. Hashmi made a motion to
table Agenda Item 7. Mr. Homer seconded the motion.
Vote: 5 -ayes to 0 -nays
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 Blue Fire
b)
Project Black Hawk
c)
Project Catalyst
d)
Project Hornet
e)
Project Red Maple 2
III. Pursuant to Section 551.072 of the Texas Government Code to discuss and deliberate the
purchase, exchange, lease, or value of real property.
IV. Pursuant to Section 551.071 of the Texas Government code, Consultation with Attorney, to
receive legal advice from Board's Attorney about (1) pending or contemplated litigation
and/or (2) on matters in which the duty of an attorney to his client under the Texas
Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflict with this
chapter.
EXAS
� O' MIC IDEVEILOPM t C � I� OR STI
Mr. Bray convened the Board into Executive Session at 5:34 p.m.
Reconvene into Open Session and Consider Action on Item(s) Discussed in the Executive Session
Mr. Bray reconvened the Board into an Open Session at 6:24 p.m.
Dr. Hashmi made a motion to approve the Performance Agreements for Project Catalyst, Project Hornet,
and Project Red Maple 2 as discussed in Executive Session. Mr. Homer seconded the motion.
Vote: 5 -ayes to 0 -nays
Mr. Roddy made a motion to move forward with the PJC land negotiations and terms discussed in
Executive Session and to authorize Ms. Hammond to execute all appropriate documents. Dr. Hashmi
seconded the motion. Mr. Bray and Mr. Fendley abstained due to a conflict of interest.
Vote: 3 -ayes to 0 -nays
Discuss Future Agenda Items
Mr. Bray opened the floor to discuss future agenda items. No items were brought forward for discussion.
Closing Remarks
None
Adjourn
Mr. Bray declared the meeting adjourned.
The meeting was adjourned at 6:25 p.m.
Respectfully submitted,
4Z
Adam Cawthon
Executive Assistant
Paris Economic Development Corporation