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286 <br /> <br /> PARIS ECONOMIC DEVELOPMENT CORPORATION <br /> <br /> RESOLUTION NO. 97-002 <br /> <br /> WHEREAS, the Paris Economic Development Corporation is a non-profit corporation <br /> governed by the Development Corporation Act of 1979 (the Act) and was established for the <br /> purposes of promoting, assisting, and enhancing economic development; and, <br /> <br /> WHEREAS, the means and measures authorized by the Act and the assistance provided <br /> therein with respect to financing are found to be in the public interest and serve a public purpose <br /> of the state in promoting the welfare of the citizens of the state economically by the securing and <br /> retaining of business enterprises and the resulting maintenance of a higher level of employment, <br /> economic activity, and stability; and, <br /> <br /> WHEREAS, in keeping with the purposes for which the legislature enacted the <br /> Development Corporation Act of 1979 and the purposes for which the voters of the City of Paris <br /> established tbe Paris Economic Development Corporation, it is deemed appropriate that a <br /> committee be appointed to review a proposal regarding Babcock & Wilcox, prepared by the <br /> Director of Economic Development, to McDermott International, Inc.; NOW, THEREFORE, <br /> <br /> BE IT RESOLVED BY THE PARIS ECONOMIC DEVELOPMENT <br /> CORPORATION, that Curtis Fendley and Richard M. Amis be, and they are hereby, appointed <br /> to the Paris Economic Development Corporation Executive Committee for the purposes of <br /> reviewing and transmitting a proposal regarding Babcock & Wilcox to McDermott International, <br /> Inc.; and, <br /> <br /> BE IT FURTHER RESOLVED, that the Director of Economic Development, Gary Vest, <br /> be, and he is hereby, directed to formulate said proposal and subrnit the same first to the City <br /> Attorney of the City of Paris for review and then to the PEDC Executive Conmtittee for review <br /> and transmittal; and, <br /> <br /> BE IT FURTHER RESOLVED, that the members of the PEDC Executive Committee <br /> be, and they are hereby, directed to report and present a resolution at the next regular meeting of <br /> the Board of Directors of the Paris Economic Development Corporation regarding the proposal <br /> to McDermott International, Inc. <br /> <br /> PASSED AND ADOPTED this 3rd day of April, 1997. <br /> <br /> Curtis Fendley, President <br /> <br /> ATTEST: .. <br /> <br /> Richard M. Amis, Secretary-Treasurer <br /> <br /> APRPOVED AS TO FORM: <br /> <br /> T. K. Haynes, City Attorney <br />