14-A PEDC (05-19-2004) MINUTES OF THE REGULAR MEETING OF THE PARIS ECONOMIC
DEVELOPMENT CORPORATION
May 19, 2004
The Paris Economic Development Corporation met in regular session on
Wednesday, May 19, 2004, 4:00 P.M., at Paris Junior College, Bobby R.
Walters Applied Technology Building, Room 1206, 2400 Clarksville Street,
Paris, Texas. President Don Wall called the meeting to order with the
following Directors present: Sims Norment, Mike Dunn, Richard Severson, and
Rodney Bass. Also, present was Executive Director Gary Vest, Assistant
Director Erik Roddy, Ex-officio Members Pam Anglin, Mayor Curtis Fendley,
Tanis Hager, Interim City Manager Terry Townsend, Assistant City Attorney
John Lestock, and City Clerk Mattie Cunningham.
President Wall called for the approval of the minutes from the previous meeting
of April 14, 2004. A motion was made by Director Severson, seconded by
Director Bass for approval of the minutes. The motion carried unanimously.
President Wall called for the financial report.
Gene Anderson, Director of Finance for the City of Paris, came forward
presenting the Board with a sales tax report since he has received the May
payment. Mr. Anderson advised that compared to last year at this same time,
they had $10,638.00 which is 1.69% increase year-to-date over last year. He
said if they would look at the last four months they were ahead of the previous
rate for the same months.
Mr. Anderson advised that he had also provided the Board with the March and
April cash flow statement. Mr. Anderson said the only thing out of the ordinary
that showed up in March was the bond debt payment and that is not out of the
ordinary. The other expenditures were normal payments. He advised that in
April there was little activity at all.
Regular Mcctmg o['thc PI!DC
May 19, 2004
Page 2
A motion was made by Director Scverson, seconded by Director Dunn, for
approval of the financial reports as presented. The motion carried unanimously.
President Wall called for the Director's Report.
Gary Vest reported that they have talked about the Greenball Corporation and
they are back on tract and they are looking at the Oliver Building and they are
negotiating with Cooper on that building. He said that at their last meeting they
talked about the price for a roof on that building of $60,000.00 and the PEDC
told them what they would do is give them an incentive of $60,000.00 if they
would buy that building and locate their business here. Mr. Vest said that Mr.
Tye is negotiating directly with Cooper on the building.
Mr. Vest said they did receive a prospect for TXU from their Economic
Development Department. It is a metal fabrication company and needs a 10 to
15 acre site. There is one site in the Industrial Park that would be really easy to
serve and they submitted that site and they are hoping to get a site visit fi'om this
prospect. He thought it was about a 50 employee operation and approximately
10 million dollar plant and they are trying for a shot at that.
Mr. Vest reported that he has had a lot of discussion with Sara Lee and they
have shut down all but thee lines at the Fort Plain, Alabama plant and a lot of
that work is coming to Paris. Mr. Vest stated that was good news for Paris.
President Wall announced that the next item on the agenda was a resolution for
consideration of and action on supporting a fish hatchery:~at Cooper Lake.
Mr. Vest advised that he went to the pre-bidders conference regarding this fish
hatchery. They told Mr. Vest that they would not be considered. He said that
they are submitting a proposal for south Sulphur River Development
Association, but they told them that they would not be considered, but at the
same time, he had a visit with the Executive Director of Parks and Wildlife and
the President of the Foundation and they suggest that the PEDC submit a
Regular Mcctmg or'the I'I.:I)C
May 19, 2004
Page 3
proposal even though you know that you will not get selected. He said that Mr.
Vest would become familiar with the process and they will become familiar with
him, because they are going to come back and build more fish hatcheries. They
did not know how many, but there will be more fish hatcheries, and the one they
are going to build now is going to be in southeast Texas. Mr. Vest advised that
they are putting together a proposal and will submit it to the Texas Parks and
Wildlife Foundation, but when they get to the point when the PEDC is in the
target area, the PEDC will submit a proposal on Pat Mayse Lake. Mr. Vest said
that they were going to make contact with the Corp and start identifying what
they could do to submit a proposal on Pat Mayse. He said he had talked with
Mayor Fendley and County Judge Superville and they were in favor of this.
He said that this resolution is their support for this current proposal.
Resolution No. 2004-004, resolving that the Board of Directors of the Paris
Economic Development Corporation support the East Texas Fish Hatchery site
for the Parks and Wildlife Foundation of Texas, was presented.
A motion was made by Director Dunn, seconded by Director Bass, for approval
of the resolution. The motion carried 5 ayes, 0 nays.
President Wall called for discussion and guidance to PEDC staff regarding
proposed preliminary 2004-2005 fiscal year's budget.
Mr. Vest explained that every year they have to approve their budget and with
Erik's help they stepped it up some this year. He prese.nted the preliminary
budget to the Board Members to look at and next month'they would adopt the
budget. Mr. Vest went through some of the key items in the budget.
President Wall announced that the Board would go into executive session at
4:22 P.M.
A. In accordance with Section 551.072 of the Texas Open Meetings Act,
Rcgular Meeting of thc }'l!l )C
May 19, 2004
Page 4
deliberation of 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 PEDC in negotiations with a third person as follows'
1. Property located at the Paris Industrial Park.
B. In accordance with Sec. 551.087 of the Texas Open Meetings Act, discuss
possible incentives, pending negotiations, and commercial or financial
information from business prospects regarding the following.
1. Prospect No. 2004-100
President Wall declared the executive session closed and the regular session
open at 4:50 P.M.
There being no further business, the meeting was adjourned.
DON WALL, PRESIDENT
ATTEST:
MATTIE CUNNINGHAM, CITY CLERK