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Regular Council Meeting December 11, 2017 Page 3 INCENTIVE PACKAGE FROM THE PARIS, ECONOMIC DEVELOPMENT CORPORATION TO AMERICAN SPIRALWELD PIPE COMPANY, LLC; AUTHORIZING AND DIRECTING THE CITY ATTORNEY TO PREPARE A TAX ABATEMENT AGREEMENT BETWEEN THE CITY AND AMERICAN SPIRALWELD PIPE COMPANY, LLC; AUTHORIZING THE DIRECTOR OF COMMUNITY DEVELOPMENT TO CERTIFY AN APPLICATION BY AMERICAN SPIRALWELD PIPE COMPANY, LLC TO TEXAS ENTERPRISE FUND; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. EDC Director Michael Paris expressed appreciation to city officials and county officials for their support of this project, and said that the City of Paris had become a finalist. Mr. Paris said American Spiralweld Pipe was a subsidiary of American Cast Iron Pipe Company, which was a 100 year old company. He introduced company representatives, Patrick Hook, Mike O'Brien, and Ian Willoughby. Mr. Hook gave a presentation to the City Council, which included an introduction to the company's history and their culture. Mr. Willoughby gave a presentation on a timeline of American's portfolio. Mr. Willoughby explained that the product that would be manufactured was steel pipe, anywhere from 24 inches to 12 feet in diameter and up to I inch thick. He said the product was used in water transmission, waste water systems and in industrial pumping systems. Mr. Willoughby said the proposed plant would be a capital investment of $60 million dollars, and would hire 55 to 60 employees at $54,0�00 a year with a full benefit package. He also said later the company would add a second shift with 45 more jobs and eventually a $20 million dollar building would be added along with 13 to 15 jobs at an average of $,512,000 a year. Mr. Paris explained the incentive package approved by PEDC included land, a forgivable loan for $500,000 to include, and there would be additional rail costs for Kiarnichi Railroad to build a spur to the property. He said if Council approved this tonight, the next step was to make application to the Texas Enterprise Fund for additional incentives. Mr. Paris said the company had narrowed their selection to Paris and another city, and he hoped to know soon about their decision. Mayor Clifford said he was impressed with this project, as did Council Member Drake. Council Member Portugal expressed appreciation for their consideration of the City of Paris, as did other Council Members, A Motion to approve this item was made by Mayor Clifford and seconded by Council Member Portugal. Motion carried, 6 ayes — 0 nays. 14. Conduct a public hearing, discuss and act on an Ordinance considering the petition of Eddy Thomas for a change in zoning from a Single Family Dwelling District No. 2 (SF - 2) to a Mixed Use Planned Development District (PD), on Lots 7-A and part of 8, City Block 3331, being located at 3787 N.W. Loop 286. Mayor Clifford said this item was tabled at the Planning and Zoning meeting, and made a Motion to table this item, which was seconded by Council Member Drake, Motion carried, 6 ayes — 0 nays.