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PEDC Board Meeting Minutes October 8, 2013 Page 4 of 5 David Turner made a motion to have Rebecca Clifford, Board Chairman, added as an authorized agent to the credit card account and delete Shannon Jones' card; seconded by Vicki Ballard. Motion Carried 4 -0 with Rebecca Clifford abstaining. Discuss and take action on the Proposed Program of Work for Fiscal Year 2013 -14 and budget allocation for same. - Steve Gilbert / Bruce Carr Steve Gilbert referenced the handout (attached) referencing Year 3 Business Plan Implementation (Plan of Work). On page 6, Recommendation — Based on critical priorities and Year 2 Business Plan Implementation, immediately Conduct Board Planning Retreat to: 1. Reassess and Revise Business Plan with focus on Strategies 1, 2 & 3. 2. Allocate Budgeted Resources ($75,000) to Implementation and /or Contingency. 3. Discuss formation of Board working committees: A. Website, Dashboard & Marketing. B. ROI & Metrics. C. EDO Certification & Site Ready Documentation. D. Incentives and Abatement Policies. E. Workforce Strategies / Work Ready Community The Board agreed to a Retreat on Wednesday, November 6, 2013 from 1:00 p.m. to 5:00 p.m. for further discussion of the Program of Work. David Turner made a motion to table this item until a later meeting; seconded by Bruce Carr. Motion Carried 5 -0. Discuss and take action on committee report to review the PEDC operating budget and revised chart of accounts. - Bruce Carr & David Turner Bruce Carr told those present that this item should be discussed and possibly resolved at the Retreat meeting. The Board needs to be on the "same page" as to allocation of funds and marketing strategies. David Turner made a motion to table this item; seconded by Bruce Carr. Motion Carried 5 -0 Status of proposed revision(s) to the current Tax Abatement Criteria as instructed by the Paris City Council at its June 24, 2013 meeting. Steve Gilbert told those present that the Tax Abatement Committee met with concerned business owners and citizens to get their input on the proposed changes. He said that the former plant manager of Kimberly - Clark, Charles Lynch's remarks were very compelling. He gave the top reasons a corporation chooses a community: 1) financial impact (tax abatement / incentive); 2) relationship and feel of the community or region (ally or not) and 3) personal relationships with other key organizations (banks). The committee was told that the moving from the existing $10 million up to $100 million to negotiate an abatement was too high and we need to protect and support existing companies. Need to consider a tax abatement policy for existing industry and