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PEDC IBonard Meeting Minutes January 1.5, 2019 Page 2 of 3 Discuss and possibly apin-ove December 2018 Financials. -Mr. Hernandez pointed out that our monthly expenses for December were normal. Mr. Paris said the G111) Services amount of $4,900.00 is for the assessment of asbestos in the old Superior Switch building. The expense listed for A.W. Clem is the legal fee for real estate work done on our behalf. Dr. Hashmi asked for explanations of the Capital Onefl.ravel for $2.262.66 and the Gale/Cengage for $3,883.95. Mr. Paris stated that the Capital One/Travel is the PITC; credit card used for Marketing. Dr. Hash. rni asked for the Charges to be itemized. Mr. Paris stated that Gale/Cengage is for the .Demographics.Now software we use to respond to.proposals. This is an annual fee that the .Board approved a few years ago. Ms. Bills made a inotion to approve the December 201.8 financials. Dr. blas muni seconded the motion with reservation that he wants -to see the Travel detail. Vote was 5 --ayes to 0 -nays. .Discuss the P0,siCo tri k to New York Civ. L Mr. Paris said that lion ard.Member, Dr. Hashini, encouraged us to visit an executive at PepsiCo. Dr. Pam. Anglin went with us to visit with Dr. Mehmood.Khan in Harrison, New York. Dr. Khanis ViceChari.n.n. an arid Chief Scientific Officer at PepsiCo. He was trained as anEndocrinologist in London went on to be a physician in the medical device industry. PepsiCo is a very large, multinational company that deals in food, snacks and beverages. 'rheir interest is in the manufacturing, marketing, and distribution of grain -based. snack food. .PepsiCo was formed in 1965 with a :merger between. Pepsi Cola and Frito Lay. In 1998 they acquired Tropicana andin 2001. they acquired Quaker Oats and received Gatorade as part of the acquisition. Dr. Khan's vision for PepsiCo is pursuing brands of food and beverages that can be intertwined. They have a facility in Arizona that is l6fly sustainable; solar for power and land mass for cooling. PepsiCo is looking to the :fixture with this type of facility which will sustain growth, prepare for.population growth and provide better food. Mr. Paris went on to say that lie and Dr. Anglin talked about Paris, Texas and flie resources we have: power, water and the skillset of the labor force. The asseW land and the business incentives we have available. The possibilities discussed were food processing and bio -degradable packaging. We will prepare a view book for PepsiCo that will detail the resources and assets of Paris, Texas. The goal will be to have the book done by the end of Fdbruary.. Dr. llashnii stated the Dr. Khan was very happy with the visit. PepsiCo will :need transportation, low cost power', manpower and incentives to look at Paris. Discuss and create a checklist and L nIan -for the .New Business Park. Mr. Paris stated that we will need a checklist and a plan to start getting the SWBusiness Park site ready. Cost estimates can be done after -we have completed a design/layout of the park. $350,000.00 was set aside for this purpose. A.Request for Qualifications from several design groups will Thor obtained and brought to the Board to choose from. Dr. Hasluni suggested that we have two or three firms do presentations :for the Board. This would give the Board a way to choose the firm based on the designs they present. Mr. Manning said that we want toe start this quickly, so we do not have the same issues we have had in the NW Park. lie wants thou PPI to the ready when the next prospect is interested in Paris. Mr. Paris will setup some design presentations. We will need wetlandsmitigation because or some floodplam areas and small. ponds, Convene into Executive Session: 1) Pursuant to Section 551.087 of the Texas Government Code to (1) discuss or deliberate regarding commercial or -financial inforination that the governmental body has received from a business prospect that the govermnental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with