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PARIS ECONOMIC DEVELOPMENT CORPORATION SPECIAL MEETING Board Members Present: Richard Manning, Chair John Brockman, Vice -Chair Don Wilson, Secretary/Treasurer Ray Banks Derrick Hughes Ex- Officio Members Present: Pam Anglin, PJC President Legal Counsel: Stephanie Harris Call to Order: Community Room 1125Bonham Street Paris, Texas 75460 Wednesday July 13, 2016 4:00 O'CLOCK P.M. MINUTES Staff Present: Michael Paris, Executive Director Paula Brownfield, Administrative Assistant Chris Stout, Office Assistant Guest(s) Present: Amanda Gohn, The Paris News City Council Liaison: Billy Trenado, City Council The July 13, 2016 special meeting of the Paris Economic Development Corporation was called to order by Mr. Manning at 4:00 p.m. Discuss and Possibly approve to discontinue the 2013 J Skinner Bakina incentive agreement. Mr. Manning stated the Board would discuss and possibly approve to discontinue the 2013 J Skinner Baking incentive agreement. He asked Mr. Paris to start the discussion. Mr. Paris gave short history of J Skinner coming to Paris, Texas. The old Sara Lee building was large enough for J Skinner to expand and add new product lines. J Skinner invested $5.6 million for the facility and another $19.4 million more was added in equipment and infrastructure; the total investment was $25 million. They came to Paris to ready to invest and create jobs. On their 2012 -2017 proforma J Skinner listed the creation of 393 jobs. The PEDC offered incentives of about $1.2 million, $196,000 was for job training, and $982,000 was for job creation. 2013 132 jobs PEDC paid out $2500 per job created for a total of $330,000. PEDC paid out $500 for 117 to have job training at a cost of $58,500. The Total aid: $388,500. 2014 199 jobs No Payouts 2015 59 jobs No Payouts 2016 No jobs No Pa outs 2017 1 No jobs No Payouts