04-A PEDC Mtg Min 10-9-06
Paris Economic Development Corporation
Meeting Minutes
October 9, 2006
Board Members
Present: Sims Norment
Rodney Bass
John Wright
Dick Severson
Glenn Bawcum
Board M,embers
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. Nonnent 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 ifit 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,
mG~~
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
Cash In:
Sales Tax
Interest
Loan Payment-Paris Packaging
Total
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-Advertising
Compensation-Chamber CEO
Compensation-Asst. Director
Chamber Administrative Fee
Auditing
Contingency
Furniture & Fixtures
Paris Business Park
Campbell Soup
Depot Sign
Total
Cash & Investments On Hand September 30, 2006
Debt Reserve & Debt I & S Cash & Inv. On Hand September 30,2006
Total
$
1,214,835.99
695,535.13
1,910,371.12
87,089.96
53,414.94
32,000.00
172,504.90
~
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
1,266,006.41
483,328.42
1,749,334.83
CALLED MEETING
PARIS ECONOMIC DEVELOPMENT CORPORATION
COMMUNITY ROOM
LAMAR COUNTY CHAMBER OF COMMERCE
1125 BONHAM
PARtS, TEXAS
Wednesday, October 181 2006
. 4:00 O'CLOCK PM
AGE N 0 A
1) Call meeting to order, Sims Norment-President
2) Approval of minutes from previous meeting [October 9,2006]
3) Financial Report [September 2006]
4.) Executive Session: Discussion with attorney on possible litigation; Discussion on 2
Industrial prospects.
5.) Possible action on litigation
6.) Possible action on 2 Industrial Prospects
5.) Adjournment
POSTED:
Fr' ay, October 13,2006 at 4'oiJprrtity Hall Bulletin Board.
BY:
WITNESS: