04-E PEDC Min 11-17-04.wpd
REGULAR MEETING OF THE PARIS ECONOMIC DEVELOPMENT
CORPORATION
November 17, 2004
The Paris Economic Development Corporation met in regular session
th
Wednesday, November 17, 2004 in the Community Room of the Lamar
County Chamber of Commerce, 1125 Bonham Street, Paris, Texas.
Director Richard Severson called the meeting to order with the following
Directors present: Sims Norment and Rodney Bass. Also present were
Executive Director Gary Vest, Assistant Director Chad Manning, Mayor
Curtis Fendley, Interim City Manager Larry Shaw, City Director of
Finance Gene Anderson and City Attorney Larry W. Schenk.
Director Severson called for approval of the minutes of the October 20,
2004 meeting. Director Sims made a motion for approval, which was
seconded by Director Severson. The motion passed unanimously.
City Finance Director Anderson came forward and gave the Financial
Report for October 2004.
Director Vest came forward to give his report. He mentioned several
projects they had been working on. He said the Hearne Street Project and
the Industrial Park were almost done. He said they were generally pleased
with everything at the Industrial Park, but that some of the concrete had
failed the tests and they were waiting for the final test results. He said they
were not pleased with the amount of time it took to complete the project.
He discussed the proposed brochure for the Industrial Park.
He said everything was ready for C-Tech to begin in the Industrial Park
and had been ready for the past three months. He said the PEDC was not
holding them up.
Director Severson called for a closed session at 4:20 p.m., in accordance
with Sec. 551.072 and Sec. 551.087 of the Open Meetings act, to discuss
the purchase, exchange, lease or value of real property which if conducted
in an open meeting would have a detrimental effect on the position of the
Paris Economic Development
Corporation
November 17, 2004
Page 2
Paris Economic Development Corporation in negotiations with a third
person and to discuss possible incentives, pending negotiations, and
commercial or financial information from business prospects and potential
financing.
A. Sale of real estate
B. Incentive for T & K Machine
Director Severson closed the Executive Session at 4:50 p.m. and
reconvened the Open meeting.
On the sale of real estate, Director Bass made a motion to table action on
that. The motion was seconded by Director Norment and passed
unanimously.
On the incentive for T & K Machine, Director Norment made a motion to
authorized Executive Director Vest to negotiate a contract. The motion
was seconded by Director Bass and carried unanimously.
There being no further business, the meeting adjourned.
____________________________________
RICHARD SEVERSON, Secretary-Treasurer
APPROVED AS TO FORM:
_____________________________
SHERIAN DIXON, Asst. City Clerk