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Regular Council Meeting August 27, 2018 Page 5 Mr. Godwin said the City owned the old Grand Theater, but did not have the expertise or resources to restore it. He reviewed the main points of the agreement. He explained the Paris Grand Theater, Inc. was a non-profit organization and that the City had negotiated a management lease with them to fund raise, restore, operate, and manage the historic theater. Mr. Godwin introduced Julia Trigg -Crawford, who gave a presentation that included the history of the small group of people who got together in an effort to preserve the theater of the Grand Theater. She also gave a history of the Grand Theater and the group's vision of it being used as a multi -use cultural center. She referenced the theater that was restored in Greenville, Texas, as well as several others. Council Member Stone inquired about resources for grants and Ms. Crawford said they had a great resource to point them in the right direction. Council Member Portugal informed every one of the film that was being shown about the Grand Theater in the Modern Art Museum in Ft. Worth. A Motion to approve the agreement was made by Mayor Clifford and seconded by Council Member Pilgrim. Motion carried, 7 ayes — 0 nays. 16. Discuss the Paris Regional Medical Center tax abatement agreement and possible amendments relating to the hospital's south campus, and provide direction to the city attorney. EDC Director Michael Paris said Paris Regional was looking at amending the tax abatement agreement and that CEO Steve Hyde of the hospital was there to answer any questions. Mr. Hyde explained that six years into the agreement, the south side campus was no longer a hospital. He said the agreement talks about both campuses, and they would like to amend the agreement to delete the south campus. Mr. Hyde said they wanted to unencumber the building so they could make decisions about the building, as there had been some interest in the building. He said they had exceeded over 28 million dollars in investments. Mr. Hyde also said the hospital increased employment over the six years. Council Member Trenado expressed dissatisfaction over the possibility of having a vacant building. Mayor Clifford said it was agreed that the hospital would retain sufficient employment to sustain both campuses during the entire tax abatement, which was ten years. Council Member Hughes asked City Attorney Stephanie Harris for an opinion. Ms. Harris said that was a policy decision. She said they made the investment and their employment numbers had not gone down, so that was something City Council could take into consideration. Council Member Knox said she was not aware that there was a tax abatement between the hospital and the City, and that she had a problem with an empty hospital. She said the mayor got a copy of the agreement, but she did not. Council Member Knox said they did not have anything that reflected the numbers. Ms. Harris said they do have the reporting forms from TWC on the employment levels. Mayor Clifford said the city attorney forwarded a summary on employment which reflects the summer of 2013 the hospital had 680 employees and they were now at 769 employees. Mayor Clifford also said the fourth quarter of 2012 reflected the hospital had 701 employees plus 65 plus 1. Mayor Clifford reported that the first quarter of 2013, after the tax abatement was granted that the hospital immediately dropped