Laserfiche WebLink
PEDC Board Meeting Minutes <br />October 8, 2013 <br />Page 5 of 5 <br />another for new industry. Not ready to recommend approval. Steve said that staff would continue <br />with the survey on tax abatements at a state and national level. Chairman Clifford said that small <br />and medium sized companies need to also be taken into consideration. <br />No action was taken on this item. <br />The Board convened into executive session at 4:25 p.m. pursuant to Section 551.072, and Section <br />551.087 of the Texas Government Code to discuss and deliberate on the following: <br />A. Section 551.072 - Real Property <br />B. Section 551.087 - Economic Development Negotiations <br />Executive session ended at 5:10 p.m. The Board reconvened into open session. There took the <br />following action as a result of Executive Session: <br />David Turner made a motion to approve an Inter - creditor Agreement between Skinner Baking <br />Company, Liberty National Bank and the Paris EDC to allow Skinner to complete a financing <br />transaction for its overall business with a new bank and to allow the Board Chairman to execute <br />said document; seconded by Vicki Ballard. Motion Carried 4 -0 with Toni Clem recusing herself. <br />David Turner made a motion to have the Paris EDC staff to continue negotiations with Project <br />Crown for about 6 acres of land on the northwest loop; seconded by Bruce Carr. Motion Carried 5- <br />0. <br />David Turner made a motion to adjourn at 5:12 p.m.; seconded by Vicki Ballard. Motion Carried <br />4 -0. <br />Respectfully submitted, <br />Shannon Barrentine <br />Asst. Executive Director <br />Paris EDC <br />