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102 <br /> <br /> <br /> RESOLUTION NO. 95-004 <br /> <br /> WHEREAS, the Paris Economic Development Corporation did heretofore, at its January <br /> 11, 1995, meeting, deem it appropriate, desirab!e and essential to our economic development <br /> effort that a model building be built for prospective industries to tour when deciding whether to <br /> choose the Paris area as a possible location for doing business; and, <br /> <br /> WHEREAS, the Site Selection Committee did heretofore, at the February 15, 1995, <br /> meeting of the PEDC, recommend that the model building be constructed on approximately I0 <br /> acres fronting on Loop 286 N.W., west of and adjacent to Superior Switchboard; and, <br /> <br /> WHEREAS, the Paris Economic Development Corporation did heretofore, on the 15th <br /> day of February, 1995, instruct the Site Selection Committee to proceed with negotiations with <br /> the Paris Industrial Fouudation for the purchase of said l0 acre tract; and, <br /> <br /> WHEREAS, it would be appropriate that the Paris Economic Development Corporation <br /> approve the general terms of the agreement negotiated by the Site Selection Committee with the <br /> Paris Industrial Foundation for approximately 10 acres fronting on Loop 286 N.W., west of and <br /> adjacent to Superior Switchboard, which is to be purchased at the appraised Value after a survey <br /> and appraisal of said tract have been completed; and, <br /> <br /> WHEREAS, it would also be appropriate that the final approval of the purchase of said <br /> property be by resolution, executed in accordance with Section 5.06 of the Bylaws of the Paris <br /> Economic Development Corporation, so as not to delay the project after the site bas been <br /> surveyed and appraised; NOW, THEREFORE, <br /> <br /> BE IT RESOLVED BY THE PARIS ECONOMIC DEVELOPMENT <br /> CORPORATION, that the general terrns of the agreement negotiated by the Site Selection <br /> Committee with the Paris Industrial Foundation for approximately I0 acres fronting on Loop 286 <br /> N.W., west of and adjacent to Superior Switchboard, to be purchased at the appraised value <br /> after completion of a survey and appraisal, be, and the same are hereby, approved; and, <br /> <br /> BE IT FURTHER RESOLVED, that the final approval of the purchase of said property <br /> be done by resolution executed in accordance with Section 5.06 of the Bylaws of the Paris <br /> Economic Development Corporation. <br /> <br /> PASSED AND ADOPTED this 23rd day of March, 1994. <br /> <br /> <br /> Philip R. Cecil, President <br /> <br /> ATTEST: <br /> <br /> Richard M. Amis, Secretary-Treasurer <br /> <br /> APPROVED AS TO FORM: <br /> <br /> T. K. Haynes, City Attorney <br /> <br /> <br />