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562 <br /> <br /> PARIS ECONOMIC DEVELOPMENT CORPORATION <br /> <br /> RESOLUTION NO. 2000-005 <br /> <br /> A RESOLUTION OF THE BOARD OF DIRECTORS OF THE PARIS <br /> ECONOMIC DEVELOPMENT CORPORATION, APPROVING AND <br /> AUTHORIZING THE EXECUTION OF AN INCENTIVE AGREEMENT <br /> WITH THE EARTHGRAINS COMPANY; MAKING OTHER FINDINGS <br /> AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN <br /> EFFECTIVE DATE. <br /> <br /> WHEREAS, the Paris Economic Development Corporation is a non-profit corporation <br /> governed by the Development Corporation Act of 1979 (the Act) and was established for the <br /> purposes of promoting, assisting, and enhancing economic development; and, <br /> <br /> WHEREAS, the means and measures authorized by the Act and the assistance provided <br /> therein with respect to financing are found to be in the public interest and serve a public purpose <br /> of the state in promoting the welfare of the citizens of the state economically by the securing and <br /> retaining of business enterprises and the resulting maintenance of a higher level of employment, <br /> economic activity, and stability; and, <br /> <br /> WHEREAS, in keeping with the purposes for which the legislature enacted the <br /> Development Corporation Act of 1979 and the purposes for which the voters of the City of Paris <br /> established the Paris Economic Development Corporation, it is deemed appropriate that an <br /> incentive agreement be entered into with The Earthgralns Company; and, <br /> <br /> WHEREAS, the form of the Incentive Agreement, attached hereto as Exhibit A, should, <br /> in all things, be approved, and the President, Michael R. Rhodes, should be authorized to execute <br /> the same; NOW, THEREFORE, <br /> <br /> BE IT RESOLVED BY THE PARIS ECONOMIC DEVELOPMENT <br /> CORPORATION: <br /> <br /> Section 1. That the findings set out in the preamble to this resolution are hereby in all <br /> things approved. <br /> <br /> Section 2. That the form of the Incentive Agreement with The Earthgralns Company, <br /> attached hereto as Exhibit A, be, and the same is hereby, approved. <br /> <br /> Section 3. That the President of the Board be, and he is hereby, authorized and directed <br /> to execute, on behalf of the Paris Economic Development Corporation, the Incentive Agreement, <br /> under the terms and conditions and in the form shown in Exhibit A, attached hereto. <br /> <br /> Section 4. That this resolution shall be effective from and after its date of passage. <br /> <br /> <br />