2001-007-PEDCR
PARIS ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO. 2001-007
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE PARIS
ECONOMIC DEVELOPMENT CORPORATION, APPROVING THE
ANNUAL BUDGET; MAKING OTHER FINDINGS AND PROVISIONS
RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Paris Economic Development Corporation, in keeping with Section 8.03
of its bylaws, is obligated to have a proposed budget prepared, approved and delivered to the City
Manager of the City of Paris on or before June 30 of each year for inclusion in his annual budget
to be presented to the City Council in accordance with the Charter of the City of Paris; and,
WHEREAS, the budget attached hereto as Exhibit A is hereby presented by the Secretary-
Treasurer, and it is appropriate that such budget be approved; NOW THEREFORE;
BE IT RESOLVED
CORPORATION:
BY
THE
PARIS
ECONOMIC
DEVELOPMENT
Section 1. That the findings set out in the preamble to this resolution are hereby in all
things approved.
Section 2. That the budget attached hereto as Exhibit A be, and the same is hereby,
approved.
Section 3. That the Secretary-Treasurer be, and she is hereby, directed to deliver the
budget attached hereto as Exhibit A to the City Manager of the City of Paris for inclusion in his
annual budget to be presented to the City Council in accordance with the Charter of the City of
Paris.
Section 4. That this resolution shall be effective from and after its date of passage.
PASSED AND ADOPTED this 12th day of June, 2001.
ATTEST:
tmL4 L~
Melba Harris, Secretary-Treasurer
APPROVED AS TO FORM:
-----.---.--.--.-. -.- ------ '--..
PARIS ECONOMIC DEVELOPMENT CORPORATION
2001 - 2002
BUDGET
r ~" ~ DESCRIPTION ! A~:~:i ~~~~~L! P~~~E_CO~EDj
0001 New Industry Projects i
I-Panda 300,000 0 i
i I
Model Building 0; 0
¡ Turner International Piping 500,000 500,000 i 500,000 500,000
. BITCO 10,023 128 0
: Exide 0 0
¡ PIF 0 0
Lansing Grain 6,000 0 0
Texas Air Quality Coalition 5,000 5,000 5,000
. TCIM 5,000 125,000 100,000
i Existing Industry Projects 474,485
0002; Paris Packaging 64,000 207,231 393,311 394,011
I We Pack 262,383 0
: Hearn S1. Extension 0 0 250,000
: Cox Field ,0 0 0
, Park S1. Extension ¡ 0 57,600 I 0
, Bond Issuance Costs i 55,778 ¡ 0, 0
~ ~ ~! ~:: 1 ~: ¡ ~ ~ ~ ~ ~: ~ ~ ~ ~ ~ ~ ~
; I
0305 ; Special Services Fees/Consultants I 11,175 980 100 19,550
0306 I Travel I 12,638 15,881 10,000 15,000
0307 Subscriptions ! 0 85 200 250
0310 Miscellaneous I 25 4,591 1,000 2,500
0311 Associations 1,308 2,238 10,000 10,000 I
0315 Promotional/Advertising 12,414 77,392 60,000 90,000
0349 City Services 0 0 0
0350 Compensation - Director i 30,373 33,872 35,843 36,890
0351 ¡Compensation - Ass1. Director: 43,721 40,880 53,335 38,169
i Audit 3,040 3,550 3,550 3,550
¡SUBTOTAL 116,412 $181,304 $175,528 $217,904
~--r-~~~~
~6~o-=~i~~~~n3~~~___--------- - - ~:=7 ______3~~ -----~~~~ ----~~~~~
BUDGET
2001 -02
474,485
01
SUB TOTAL
4,927
$224
$4,000
$13,000
--- ----__n___-
TOTAL EXPENDITURES
1,378,610
$963,088 $1,317,373
$2,491,796
-- u u-- -----------
EXHIBIT
A