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Item No. 13 <br />TO: City Council <br />John Godwin, City Manager <br />FROM: Michael Paris, PEDC Executive Director <br />SUBJECT: PROJECT ORANGE FIRE <br />DATE: December 11, 20 17 <br />BACKGROUND: The Paris EDC Board met on December 1, 2017, and approved an economic <br />incentive package related to Project Orange Fire. <br />STATUS OF ISSUE: Discuss and act on a resolution approving an econornic incentive package <br />related to Project Orange Fire, a project under the North American Industry Classification <br />System (NAICS) 332996 Fabricated Pipe and Pipe Fitting Manufacturing, said package to <br />include economic incentives previously approved by the Paris Economic Development <br />Corporation in the approximate arnount of $1,283,000.00, including land and forgivable loans, <br />and a tax abatement by the City of Paris. <br />BUDGET: Expense of $1,283,000,00 from PEDC funds, <br />RECOMMENDATION: Motion to act on a resolution approving the economic incentive <br />package for Project Orange Fire. <br />