2006-10-09-mins
Paris Economic Development Corporation
Meeting Minutes
October 9, 2006
Board Members
Present: Sims Norment
Rodney Bass
John Wright
Dick Severson
Glenn Bawcum
Board Members
Absent:
Ex-officio Members
Present: Tony Williams
Staff Present: Mindy Moree
Guest
Present:
Jamie Fussell
Renee Harvey
President Sims Norment called the meeting to order at 4:05.
Minutes from September 25, 2006 meeting were approved on a
motion made by Rodney Bass seconded by Glenn Bawcum.
Sims Norment reported that due to no meeting being held in July, the
new officers needed to be appointed at this time. Dick Severson made a
motion for Sims Norment to be re-elected as President and the motion
passed on a second by John Wright. Glenn Bawcum made a motion that
John Wright be elected as Vice President and the motion passed on a second
by Rodney Bass. Dick Severson was nominated by Rodney Bass to be re-
elected as Treasurer and the motion passed on a second by John Wright.
Sims Norment reported on the various proposals from Pace Group,
Johnson and Associates, Jorgenson, and the Quantum Group.
Rodney Bass asked Mr. Norment if all the references had been contacted.
Mr. Norment said that all of the references from each of the proposed
consulting firms had been contacted. Mr. Norment also reported that out of
the four groups, the Pace Group had glowing references as well as a history
in Paris.
PEDe Minutes
October 9,2006
Page 2
Rodney Bass made a motion to hire the Pace Group and the motion was
passed on a second by Dick Severson. John Wright asked if it would be
possible to have the Pace Group come and meet with the board to discuss the
job description. Mr. Norment said he would contact them and set up a future
meeting.
The next scheduled meeting is Wednesday, October 18, 2006.
With no further business to come before the board, the meeting was
adjourned at 4: 15 p.m.
Respectfully submitted,
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Mindy Moree)
Administrative Director
2006 September
PARIS ECONOMIC DEVELOPMENT CORPORATION
STATEMENT OF CASH FLOWS
Cash & Investments On Hand September 1, 2006
Debt Reserve & Debt I&S Cash & Inv. On Hand September 1, 2006
Total
$
1,214,835.99
695,535.13
1,910,371.12
Cash In:
Sales Tax
Interest
Loan Payment-Paris Packaging
87,089.96
53,414.94
32,000.00
Total
172,504.90
Cash Out:
New Industry Project
Hiberernia Notes 1 & 2
Revenue Bond Payment
Office Supplies
Postage
Telephone
Court Costs/Special Service Fees
Travel Expenses
Insurance
Public Notices
Associations
Promotional-Advertis ing
Compensation-Chamber CEO
Compensation-Asst. Director
Chamber Administrative Fee
Auditing
Contingency
Furniture & Fixtures
Paris Business Park
Campbell Soup
Depot Sign
Total
540.00
37,178.13
275,111.88
304.48
56.49
163.15
0.00
5,672.84
0.00
0.00
250.00
2,850.00
10,592.91
0.00
0.00
0.00
0.00
821.31
0.00
0.00
0.00
333,541.19
Cash & Investments On Hand September 30, 2006
Debt Reserve & Debt I & S Cash & Inv. On Hand September 30,2006
Total
1,266,006.41
483,328.42
1,749,334.83