1998-02-17-PEDC - Laserfiche WebLink

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310 President Fendley stated that the next item on the agenda was consideration of a resolution authorizing the execution of an Incentive Agreement with We Pack Logistics, Inc., and he asked Mr. Vest to discuss this item. Mr. Vest said that this item concerned We Pack expansion and that they are going to purchase the thirty-eight acres in the Southwest Industrial Park owned by P.E.D.C. Mr. Vest said that we are working with the City in acquisition of the railroad right-of-way bisecting the property. He said that Mr. Harper will begin construction of his first project consisting of a 100,000 sq. ft. building and the addition of 38 to 78 employees. Mr. Vest stated that Mr. Harper has requested P.E.D.C. to help him with the pavement of three-tenths of a mile on 7th Street S.W. He stated that this resolution deals with P.E.D.C. paving a 28 ft. street with curb and gutter three-tenths of a mile (approximately 1,400 ft.) and selling Mr. Harper the property owned by P.E.D.C. President Fendley called for questions or comments concerning this agenda item. Boardmember Bray stated that he needed clarification concerning the 50 ft. easement. Mr. Vest stated that the demand on the road at the present time does not merit a 48 ft. street called for in the Master Plan, so they are proposing to put in half of a boulevard on the existing right-of-way which would be 28 ft. and when traffic demands and as other users move into that area and the street size needs to be increased then we would come back and put another 28 ft. Boardmember Bray stated that the language in item #3 needs be clarified. Mr. Bray stated that he thought a water line was on the west side of the road, and we would not have to relocate that water line if we took all the easement off one side of the property. Mr. Bray said if we are going to pay for the road then consideration should be given to the fact that we should not have to lay a new water line. After discussion by boardmembers, it was their consensus that some qualifying language be added to item #3 stating that they wanted the maximum of fifty (50) ft. in width deleted from item #3 and to accommodate existing utilities that are already in place. It was the consensus of the boardmembers that this project would be conducted as the Soup Street Project with the plans being drawn up and sent out for the bid process. It was also the consensus of the boardmembers that this street project should be an industrial type street. City Attorney T.K. Haynes read the resolution. Resolution No. 98-002, authorizing the execution of an Incentive Agreement with We Pack Logistics, Inc. PARIS ECONOMIC DEVELOPMENT CORPORATION RESOLUTION NO..98-002 WHEREAS, the Paris Economic Development Corporation is a non-profit corporation governed by the Development Corporation Act of 1979 (the Act) and was established for the purposes of promoting, assisting, and enhancing economic development; and, WHEREAS, the means and measures authorized by the Act and the assistance provided therein with respect to financing are found to be in the public interest and serve a public purpose of the state in promoting the welfare of the citizens of the state economically by the securing and retaining of business enterprises and the resulting maintenance of a higher level of employment, economic activity, and stability; and,