1999-07-07-Minutes - Laserfiche WebLink

Home Browse Search

469 Mr. Vest indicated on overhead projector the Northwest Industrial Site currently owned by Paris Industrial Foundation which consists of 143 acres, and stated that the P.E.D.C. Board has sixteen acres adjacent to this site. He said this area -- is our next proposed industrial development site. He said that it currently belongs to the Paris Industrial Foundation, and we are in the process of obtaining a clear title in order that development can begin in a Master Plan Industrial Park. He said currently there is a street that P.E.D.C. resurfaced several years ago for T & K Machine due to the street's condition. Mr. Vest said that the proposal is take five (5) acres out of this acreage for Ms. Vaughan's import business. He said that Ms. Vaughan had spoken with Mr. Mark Cunningham concerning construction of a new warehouse distribution facility. Mr. Vest stated that he had shown Mr. Cunningham the property, and Mr. Cunningham had indicated that the five acres area would work well for this particular project.. Mr. Vest provided the Board with copies of the recent survey. Mr. Vest said that a street extension of approximately 600 ft. will be needed with an cost estimate of approximately $50,000.00. Mr. Vest said that this project will include a transfer title of this five (5) acres with a reversionary clause, that if Mr. Cunningham does not build the building within one year from this date then it will revert back to P.E.D.C. Mr. Vest said that the donation this five (5) acres to Mark Cunningham will put the acreage back on the tax roll along with the new building. City Engineer Earl Smith discussed the location of this particular building on the five acres. -- Mr. Vest said that there are approximately thirty people employed by this company and they work in packaging and assembly. Mr. Vest discussed the bid process in connection with the street. City Manager Michael Malone stated that it will be a city street and, therefore, the city will inspect the street and the City Engineer will be in charge of the construction of the street. After discussion, it was consensus of the Board that the City Engineer Earl Smith would be in charge of construction of the street. City Engineer Smith stated that the bid process would take approximately six weeks to two months. Mr. Smith said that there was a 30-car parking lot and a truck entrance to a dock that needs to be built prior to the street construction. Mr. Smith said that the street would not be a' curbed street. Mr. Smith provided copies to the Board of two proposed possible methods of construction. After further discussion, it was the consensus of the Board that City Engineer Earl Smith would construct the street, and Mr. Cunningham would take care of the construction of the building, parking lot and truck entrance. Resolution No. 99-005, authorizing the execution of an Incentive Agreement with Mark Cunningham for warehouse distribution facilities. PARIS ECONOMIC DEVELOPMENT CORPORATION RESOLUTION NO. 99-005 WHEREAS, the Paris Economic Development Corporation is a non-profit corporation governed by the Development Corporation Act of 1979 (the Act) and was established for the purposes of promoting, assisting, and enhancing economic development; and, WHEREAS, the means and measures attthorized by the Act and the assistance provided therein with respect to financing are Ibund to be in the public interest and serve a public purpose of the state in promoting the welfare of the citizens of the state economically by the securing and retaining of business enterprises and the resulting maintenance ofa higher level of employment, economic activity, and stability; and,