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PEDC Board Meeting Minutes July 21, 2017 Page 4 of 6 Board statistics on the company's growth. Year to year sales have grown 15% to 30 %. 2017 to date has seen a 53% growth over the same period as last year. Year -to -Date sales for 2017 are at 79% of total sales from all of 2016. W. Hughes asked about the welders pay and if it was comparable the welders at the trailer manufacturers. Mr. Mallicote stated that they pay a fair price. Ms. Mallicote said some manufacturers are paying a sign -on bonus or 90 -day probation programs with incentives at the end. Mr. Banks asked about the reasons for the turnover. Mr. Mallicote thoughts were that some who came in were just there to weld and did not want to do any fabricating. Mr. Manning interjected that the welders needed some skill in fabrication for the job. Mr. Hamill wanted to know about the insurance benefits offered. Ms. Mallicote replied that they do not offer major medical, but they do a company -paid Aflac policy. Right now not enough employees would take major medical for them to qualify for the 70% rule. Mr. Banks wanted to know about how the products were shipped. Ms. Mallicote answered that they ship with LTL Carriers, FedEx, and carriers out of Sherman. Two carriers want hubs in Paris because of the manufacturing here. Mr. Banks asked about the training that was written in the contract. The next question: would it be possible to have PJC come to your facility to do training? Mr. Hamill asked if Mr. Mallicote does the training and if are qualities that he sees in a person that would make a good fabricator. Mr. Mallicote said that the grinding and bending to make the parts fit together and look pretty. Mr. Paris recommends Board discuss and possibly approve paying $25,000 based on the documented five (5) jobs BodyGuard has created since the original fifteen (15) jobs. Since the current agreement expires soon, a new incentive agreement will be written through June 2018 for $25,000 based on creating five (5) jobs. Ms. Harris looked at the current incentive and concluded that it could be amended for the five (5) employees that have been employed over a year. Mr. Banks made a motion to amend the contract to provide an additional $25,000 for job creation for BodyGuard under the current agreement established September 12, 2012. Mr. Hughes seconded the motion. Vote was 5 -ayes to 0 -nays. Discuss the Paris City Council's action and the future of Paris Economic Development Corporation. Mr. Paris wanted to make sure the Board had a complete understanding of the City Council's decision at their meeting on June 26, 2017. The June 26, 2017 Minutes of the City Council, page 6, item #16, reads "Discuss and act on conducting a special election regarding termination of the quarter cent economic development tax and adoption of a quarter cent municipal sales and use tax for street maintenance, provide direction to city staff, and authorize the city attorney to retain outside counsel related to same." This item was put on the City Council agenda by Council Member Lancaster because it had been approved by the voters in 1993 and she thought that the citizens should vote on whether they wanted to continue the tax. Mr. Paris said that the discussion started on what this change would mean to economic development and the discussion went on to question if they should they be looking into Type 4B. The Mayor spoke about how some cities have economic development under the city. No details were given about the future of economic development in Paris, Texas. Mr. Paris went on by saying "As a Board, what that means to us is that there's a possibility that during the November election that the citizens of Paris decide that they want to redirect those funds away from the EDC toward City streets and infrastructure. You as Board Members, you volunteered to be on this Board,