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PEDCBoard Meeting Minutes October 2O,2O17 Page 3 of 5 gives them u20% or1cu capacity if they went to aovon_-v« uwook. Mr. Hamill asked about the shelf life of fresher products and if that will inccouao the volume to co1uiloca. Mc I}unaon said the Plum lino has ushelf life often 10twelve months, where canned soup has ushelf life oftwo years. Mc Banks asked the number ofemployees that work u1the Paris plant. Mr. I}unaonreplied that currently there are seven hundred and seventy employees. Mc Banks spoke about the Single Serve Beverage ugcoonuon1 and whether i1would cut 4| jobs. He also questioned if they were defaulting on the ugcoonuon1 and if they were asking forgiveness on the ugroonuon1. And he went on to question if Campbell's was requesting $400,000for the Plum line and how that amount was derived. Mr. Dunaonstated that i1was the capital support to purchase the equipment und the PEI}[ capabilities. Mc Banks replied with another question; was keeping the amount at $400,000 or less so that the City Council would not need to approve. Mc I}unaon unavvocod that it was not. Mc Hughes asked if this was u net inccouao of eight 10nine employees. Mr. Paris explained that amending the Single Serve Beverage Line agreement is the first i1onu that needs to be done. Item 48 is 10terminate the Single Serve Beverage Line ugcoonuon1. Ma. l{ucria stated that on 11onu 45, the unzondod Single Serve Beverage Line ugcoonuon1, the job number of fifty needs to be forty-one unthat Campbell's iunot in default. buno #6 iuterminating the Single Serve Bovocugo Line ugroonuon1. 11onu 47 would be moving forward with Plum. Mc Banks questioned the Single Serve Bovocugo Line unzondnzon1 saying that since the contract was for $500,000 would it also need 1oboapproved byCity Council. Ms. Harris said that bringing i1kzCity Council might bothe best course ofaction. Mr. Hughes asked about the fifth year ofthe agreement and whether that needed 1obo amended. Ma. l{ucria answered that i1would not need 1obo unzondod since the agreement was being terminated. Mr. Manning wanted everyone to know what u good cnrpnndu neighbor Campbell's Soup is to Paris. Mc Banks nuudo umotion 10 approve the amendment to the Single Serve Bovocugo lino agreement with the approval of City Council. Mc Hughes seconded the motion. Vote was 5 -ayes to 0 - nays. incentive agreement. Mr. Banks made a motion to approve to terminate the Single Serve Beverage Line agreement with the approval ofCity Council. Mc Hughesseconded the motion. Vote was 5-uyoakz0-nuya. Soup new Plum Organics Line. Ma. l{moria conznzon1od on the working draft for the Plum Lino, stating dhu1thia was to co1uin jobs and possibly add jobs. Mc. Hughes asked about the timeline for keeping the jobs. Mc I}unaonunawocod that some might bo off the line for six to seven months. Mr. Banks asked when the $400,000 will be paid. Mc. Paris said it could be in u few weeks. Mc. Banks nuudo u motion to approve the $400,000 forgivable loan tied to un/pinyn/unt lcvc]u to Cun/obull`u Soup new f»lun/ Organics Line with the approval ofCity Council since i1iau1the very top ofwhat the PEI}[can approve. Mr. Manning asked for second on the motion and no one seconded it. Mc. Manning nuudo u motion to approve the $400,000 forgivable loan tied to un/pinyn/unt levels to Cun/nhc]l`u Soup new Plum Organics Line. Mc Hughes seconded the motion. Vote was 4 -ayes to |-nays. Mc Banks was the nay vote.