2012-084 RES APPROVING AMENDMENT TO FY 2012-2013 BUDGET OF PEDCRESOLUTION NO. 2012-084
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS,
APPROVING AN AMENDMENT TO THE FY 2012-2013 BUDGET OF THE
PARIS ECONOMIC DEVELOPMENT CORPORATION (PEDC) TO CHANGE
LINE ITEMS ORIGINALLY APPROVED IN THE SUBMITTAL OF THE FY
2012-2013 BUDGET. MAKING OTHER FINDIIVGS AND PROVISIONS
RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Paris has heretofore approved and
accepted the Paris Economic Development Corporation Budget for the fiscal year beginning
October 1, 2012, and ending September 30, 2013; and,
WHEREAS, the PEDC held a meeting on September, 2012 and voted to amending the
line items as described in the Proposed Amended Budget attached hereto as Exhibit "A";
and,
WHEREAS, the purpose of the budget amendment is to reduce the budget items for
New Industry Projects, Existing Industry Projects and Depot Operating Funds and increase
the budget items for Bodyguard, LLC, Triton, LLC and Campbell Soup (New Line); and,
WHEREAS, the PEDC Board respectfully requests City Council approval of the above
referenced Budget Amendment as further described in the Proposed Amended Budget
attached hereto as Exhibit "A", and;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PARIS, TEXAS:
Section 1. That the findings set out in the preamble to this resolution are hereby
in all things approved.
Section 2. That the above referenced Budget Amendment to the FY 2012-2013
PEDC Budget as further described in Exhibit "A" attached hereto be and the same is hereby
approved. ,
Section 3. That this resolution shall be effective from and after its date of passage.
PASSED AND APPROVED thls 8thrd day o:
ATTEST:
�,r`�� � �
�
�,iJ ice Ellis, City Clerk
t
APPROVED AS TO FORM:
W. Kent , ity Attorney—
Aca k
01-11-01
02-I1-01
2o-11-01
42•11-01
43-I1-01
44-ll-01
45-11-01
�7-77-01
18-11-01
Paris Economic Development Corporation
>posed AMENDED Budget for FY 2012-13 (Oct. 20
Aceoant Name
Projects
Attractions (Rickey Hay�es)
t Fresh Air
�ger Tatc (Bodyguard) per PEDC Board Mceting S/14/2012
Jewel (Trlton) per PEDC Board Meetng 7/l0/201Z
02-0049-11-0� Project White Space I(Campbell Soup)
PEDC Bonds 1998 (Paris Packaginp�
02-0316-11-01 Civic Engagement & Leadership for Economlc Growth
02-0317-1 t-01 Global Recruiting, Attraction & Markcl Positioning
02-0318-1 t-Ot Advanced Manufaccuring Academy &^Talent Ready"
02-0319-11-01 Entrepreneurial Resourccs
02-0320-11-01 RurallnnovaUon
02-0323-t1-01 Itesearch 360' Analyst & EMSI'fools
02-0101-I1-Ol Salaries & Wages
02•0102-11-Ot Socisl Security/Medicare (6.2%/1.45°/.)
02-0103-1 �-Ol Retirement (401K t6rn Edward Jones)
02-0104-i l-Ol Incurance Benefits r
o2-Oto5-t t-o� Workers Compensation Insurance
02-0201-11-01 Otiice Supplies
02-0202-ll-01 Postage
D2-0203-I1-01 Food
�2-o3o1-u-01 Communicationarl'elephone
)2-0302->>-01 Car Allowanec - Exec. Director/Asst. Exec. Director
)2•0303-11-02 [asurance & Bonds
�2-030�-1 t•ol Travel Expenaes
12-0307-11-oi �Publications
1?-0308-t1-Ol AllOtilities
i2•0110-t i-01 Miscellaneous
i2-o31�-11-01 Contractual-Associations
Q_0314-11-oi Training
2-0315-11-01 Promorional - Adver[ising
2-0348-I1-01 Depot Opersting Funds
2•0355-11•Ol Rachel - Contract Lnbor + Coilege Intern
2-0402-11-01 Industrial Park Maintenance
2-0605-ll-Ol Audidug
2-1002-] 1-01 MaclJnerr Toole Equipment
nMENDMENc
C'[IiiRENT TO
RY 2012-13 FY 2012-13
Budget Anwnnt Bndget Amount
5 85,762 � 45,000 540,765 to Rcserves
85,762 45,000 540,765 to Reserves
100,000
95,500
33,000
25�,000
15,000
75.000
50,000
57,500
57,500
15,995
180,000
13,800
42,770
800
6,750
800
2,500
8,300
I 5,300
3,200
18,000
500
1,800
1,000
] 0,000
6,000
60,000
I5,000
13,000
5.500
TOTAL BUDGET EXPENSE5� S 1,780,35?
GRAND TOTAL AMENDED BUDGET EXPENSES $ 3,582,928
�I , ��� '� 1 �
`1
302,717 From Reservrs
196,3gg From Reserves
Incrntive Agreement prnding
1,4fl0,000 Final L�egal Approval
45,000 �515,000 to Reserves