1995-03-23-Minutes - Laserfiche WebLink

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101 BE IT FURTHER RESOLVED, that the project entitled "PEDC Improvements to Industrial Drive, 1995', up to the amount of $25,000.00, is hereby authorized to be funded from the Paris Economic Development Corporation Undesignated Fund Balance; and, BE IT FURTHER RESOLVED, that the President, Philip R. Cecil, be, and he is hereby, authorized and directed to, in accordance with Section 4.13 of the Bylaws of the Paris Economic Development Corporation, request that the City perform the construction of "PEDC Improvements to lndustrial Drive, 1995", by delivering a copy of this resolution to the City Manager of the City of Paris, Michael E. Malone. PASSED AND ADOPTED this 23rd day of March, 1995. R. Cecil, President ATTEST: Richard M. Amis, Secretary-Treasurer APPROVED AS TO FORM: T. K. Haynes , City Attorney City Attorney said if the City got into the project and the cost was more than the estimated amount of $25,000.00, they would bring it before the board at that time. Chairman Cecil called for Boardmember Dick Amis to give his report regarding negotiations for site selection for the model building. Boardmember Amis said the Paris Industrial Foundation had met with them and the negotiations were still continuing, but they have some general agreement on the ten acre tract. He said the negotiations are at a point where the Industrial Foundation Executive Committee has been authorized to continue negotiating with us subject to an appraisal, being paid the appraisal price, and a new survey to get the corners marked properly. Mr. Amis said they need to move with them to get the appraisal made to determine the actual dollars, and he said he would like to report of their agreement to sell at an appraised price. After discussion by the Boardmembers, Chairman Cecil stated if the boardmembers were in agreement on the site, and the purchase of the site under the terms that Mr. Amis and the committee have worked out with the Industrial Foundation, then it would be appropriate for someone to make a motion to approve the resolution that identifies that transaction in general and allows the Board to proceed. Boardmember Fendley made a motion which was seconded by Boardmember Bray. Resolution No. 95-004, approving the general terms of the agreement negotiated by the Site Selection Committee with the Paris Industrial Foundation for approximately 10 acres fronting on Loop 286 N.W., west of and adjacent to Superior Switchboard, to be purchased at the appraised value after completion of a survey and appraisal, and that the final approval of the purchase of said property be done by resolution executed in accordance with Section 5.06 of the Bylaws of the Paris Economic Development Corporation. The motion carried unanimously.