05-B PEDC Mtg. Min 6-21-06
Board Minutes for the
Paris Economic Development Corporation
June 21, 2006
4:00 P.M.
Board Members
Present: Glenn Bawcum
Dick Severson
Sims Norment
Board Members
Absent: Mike Dunn
Rodney Bass
Ex-officio Members
Present: None
Staff Present: Gary Vest
President Sims Norment called the meeting to order at 4:07 p.m.
Minutes of the May 17, 2006 meeting were approved as presented on
a motion by Dick Severson, second by Glenn Bawcum.
In the absence of Gene Anderson, Gary Vest reviewed the financials
for the period ending May 31, 2006. These financial statements were
approved on a motion by Glenn Bawcum, seconded by Dick
Severson.
President Norment called on Gary Vest to present the Program of
Work and the budget for 2006-2007. This program of work was
approved as presented and the budget was approved with
amendments. (pOW and Budget are attached) Motion for approval
was made by Glenn Bawcum, second by Dick Severson.
Gary V ~st presented a proposal for a feasibility study for a crop
crusher and a biodiesel operation in Lamar County. This study
would be conducted by Heather Day at an approximate cost of
$7,000. This study is the next step of the Prospectus of a Biodiesel
plant that was conducted by Amy Hagerman at Texas A&M. A
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PEDe Minutes
June 21, 2006
Page 2
motion was made to proceed with the study with Heather Day by
Dick Severson, seconded by Glenn Bawcum. Motion passed.
President Norment called the PEDC Board into Executive Session at
4:50 PM in accordance with Sec. 551.072 and Sec. 551.087 of the Open
Meetings Act to discuss possible incentives in relation to Project
Finance and Project Diesel. No personnel matters were discussed.
President Norment called the meeting back into open session at 5:00
PM. There was no action regarding the Executive Session.
Considering the time there was no Director's report and no
Chairman's report.
With no further business to come before the Board, the meeting
adjourned at 5:05 p.m.
Respectfully submitted,
f7tWrY~
Gafy Vest
Executive Director
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