03-B PEDC July 21, 2004MINUTES OF THE REGULAR MEETING OF THE PARIS ECONOMIC
DEVELOPMENT CORPORATION
JULY 21, 2004
The Paris Economic Development Corporation met in regular session on
Wednesday, July 21, 2004 at 4:06 P. M., at Love Civic Center, North Hall,
2025 South Collegiate Street, Paris, Texas. President Wall called the meeting
to order with the following Directors present: Sims Norment, Richard Severson,
Rodney Bass. Also, present were Executive Director Gary Vest, Assistant
Director Erik Roddy, Ex-officio members Tanis Hager, Pam Anglin, Mayor
Curtis Fendley, Interim City Manager Terry Townsend, City Attorney Larry W.
Schenk, and City Clerk Mattie Cunningham.
President Wall called for nominations for President for the ensuing year and
Director Severson nominated Don Wall for President. The nomination was
seconded by Director Bass. A motion was made by Director Norment that
nominations cease and Director Wall was elected President of the Paris
Economic Development Corporation for the ensuing year by acclamation.
President Wall called for nominations for Vice President for the ensuing year.
Director Norment nominated Mike Dunn for Vice President of the Paris
Economic Development Corporation. The nomination was seconded by
Director Severson. A motion was made by Director Bass that nominations
cease and Mike Dunn was elected Vice President of the Paris Economic
Development Corporation by acclamation.
President Wall called for nomination for Secretary-Treasurer for the ensuing
year. DirectorNorment nominated Dick Severson for Secretary-Treasurer. The
nomination was seconded by Director Bass. A motion was made by Director
Norment that nominations cease and Dick Severson was elected Secretary-
Treasurer of the Paris Economic Development Corporation by acclamation.
President Wall called for the approval of the minutes from previous meetings
of May 26, 2004 and June 16, 2004. A motion was made by Director Severson,
seconded by Director Norment, for approval of the minutes of previous
meetings. The motion carried 4 ayes, 0 nays.
Minutes of the PEDC Regular meeting
July 21, 2004
Page2
President Wall asked Gene Anderson, Director of Finance, for the City of Paris
to come forward and give the financial report for June 2004.
Mr. Anderson advised the Board had been furnished the sales tax update. They
had collections of $73,826.17 for the month of July and compared to the
previous year, the tax was down by $2,500.00. He said that for the year the
sales tax is up by $8,864.00 compared to the same time last year.
Mr. Anderson said they were furnished with a statement of the cash, and in
keeping with his usual presentation by exception, there were no unusual items
in the expenditures this month. He said if they had any questions he would
answer those.
A motion was made by Director Norment, seconded by Director Severson for
approval of the financial report. The motion carried unanimously.
President Wall called for the Director's report.
Gary Vest reported that the Industrial Park and the Hearn Street Project were
back underway, because after all of the rain, they were unable to work, but
they are now back in full force on the Hearn Street. He said that should be
wrapped up pretty soon. Mr. Vest advised that there has been a lot of progress
done to the Industrial Park. Mr. Vest said they were doing work with TXU
Gas, as they are doing the engineering to bring the gas to the Industrial Park
and they gave PEDC the engineering drawings and they will be putting it out
for bids. He said on the electrical drawings after they did all the engineering,
they are going to come across with the electricity and bring it in there at Jerry
Pitcock's, where they cross with the water and they are going to bring the
electricity under the freeway there. The cost will be approximately $50.000.00
to get the electricity in and to C-Tech. Mr. Vest said that TXU is going to do
the work and the PEDC is going to pay them for doing the work because they
are already doing most of the work by bringing it under the freeway. He
advised that they would go out for bids on the gas when they get the drawing.
Minutes of the PEDC Regular meeting
July 21, 2004
Page3
Mr. Vest report to the Board on their prospect activities and advised that the
only advertising they were doing is the billboard on Interstate 30, so they are
not getting magazine leads like they normally do. Mr. Vest informed the Board
that they were basically working through their allies and the State Department
of Future Development.
Mr. Vest said they have two very good prospects this last month. He advised
that one was Project Bravo, which is a data processing center and is a Fortune
500 Company and will employee approximately 350 people. He advised that
they were working through the Path Finders Consultants out of Dallas on this
prospect.
Mr. Vest advised that they were working on another operation and the
Company is Areledge Power Real Estate, which is a national Real Estate firm,
and they came to us and asked that the PEDC submit a proposal and they did.
He said this is a 400 to 500 employee operation and he will know next week if
the PEDC makes their short list.
Resolution No. 2004-005, a resolution of the Board of Directors of the Paris
Economic Development Corporation establishing the monthly meeting
schedule for the upcoming year, was presented.
A motion was made by Director Bass, seconded by Director Norment, for
approval of the resolution. The motion carried unanimously.
Resolution No. 2004-006, a resolution of the Board of Directors of the Paris
Economic Development Corporation, establishing a Personnel Committee to
conduct annual performance reviews of the PEDC Executive Director;
authorizing the appointment of two members of said committee from the Paris
Economic Development Corporation, to be joined by two appointees from the
Lamar County Chamber of Commerce; providing for the preparation of forms
to be used in said evaluation; preparation of forms to be used in said
evaluation; providing for said review to occur in August of each year; making
Minutes of the PEDC Regular meeting
July 21, 2004
Page4
other findings and provisions related to the subject, was presented.
A motion was made by Director Bass, seconded by Director Severson, for
approval of the resolution. The motion carried 4 ayes, 0 nays.
Resolution No. 2004-007, approving and authorizing an electrical service
agreement by and between the Paris Economic Development Corporation and
TXU Electric Delivery Company, as such services are described in the letter
proposal, and incorporated herein for all purposes, to provide underground
electrical service including associated appurtenances thereto, to, as a minimum,
the first lot of the Paris Industrial Park, was presented.
A motion was made by Director Bass, seconded by Director Severson, for
adoption of the resolution. The motion carried 4 ayes, 0 nays.
President Wall announced that the Board would go into executive session at
4:28 P. M.
A. In accordance with Section 551.087 of the Open Meetings Act, discuss
possible incentives, pending negotiations, and commercial or financial
information regarding the following:
1. Business Prospect Number 042004107
B. In accordance with Section 551.087 of the Texas Open Meeting Act,
discuss possible incentives, pending negotiations, and commercial or
financial information regarding the following:
1. Business Prospect Number 042004108
President Wall declared the executive session closed at 5:00 P. M. and the
regular session back in session.
Minutes of the PEDC Regular meeting
July 21, 2004
PageS
Following the executive session there were no actions needed, and the meeting
was adj ourned.
DON WALL, PRESIDENT
ATTEST:
MATTIE CUNNINGHAM, CITY CLERK