03-B PEDC (05/05/03)MINUTES OF THE SPECIAL MEETING OF THE PARIS ECONOMIC
DEVELOPMENT CORPORATION
MAY 5, 2003
The Paris Economic Development Corporation met in special session on Monday, May
5, 2003, 8:00 A.M., at the Lamar County Chamber of Commerce, 1125 Bonham Street,
Paris, Texas. President Jay Guest called the meeting to order with the following
Directors present: Curtis Fendley, Mike Dunn, Don Wall, and Richard L. Severson. Also
present was Executive Director Gary Vest, City Manager Michael E. Malone, City
Attorney Larry W. Schenk, Director of Finance Gene Anderson, and City Clerk Mattie
Cunningham.
President Guest announced that the Board would go into executive session at 8:01 A.M.
In accordance with Sec. 551.086 of the Open Meetings Act, to discuss possible incentives,
pending negotiations, and commercial or financial information from business prospects
regarding the following:
A. Project Holt.
At 9:50 A.M., President Guest declared the executive session closed and the
Board went back into an open session.
President Guest called for discussion of and possible action on establishing incentives to
be offered to the prospect Project Holt and to be included in an incentive agreement
which will be prepared and presented to the Board for approval at a later date.
After discussion, a motion was made by Director Fendley instructing Mr. Vest to continue
negotiations with this prospect and bring back to the Board a recommendation at a
meeting set for May 8, 2003 at 2:00 P.M., Paris Junior College, Applied Technology
Building, Room 1206, 2400 Clarksville Street. The motion was seconded by Director
Wall and carried unanimously.
There being no further business, the meeting was adjourned.
JAY GUEST, PRESIDENT
ATTEST:
MATTIE CUNNINGHAM, CITY CLERK