1999-09-13-PEDC - Laserfiche WebLink

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480 PARIS ECONOMIC DEVELOPMENT CORPORATION RESOLUTION NO. 99-007 WHEREAS, the Pace Group did, in its Business Retention Survey and Flexible Incentive Plan for the City of Paris, dated May 12, 1994, bring to the attention of the Paris Economic Development Corporation the concern regarding access roads to Delta Logistics and Rodgers- Wade Manufacturing; and, WHEREAS, the current route used to access Delta Logistics, Rodgers-Wade Manufacturing, and warehouses in the vicinity thereof is through residential areas on streets which do not provide adequate turning space for large trucks; and significant amounts of traffic by large vehicles through residential areas not only causes deterioration to the streets but detracts from the comfort of the inhabitants of the neighborhood because of the considerable noise generated by such vehicles; and, WHEREAS, it is deemed appropriate that the Paris Economic Development Corporation extend Hearn Street from 1st Street S.W. to 4th Street S.W. for the project entitled "PEDC Hearn Street Extension, 1999," up to the amount of $265,000.00, in order to provide an adequate route for large vehicles traveling to Rodgers-Wade and the warehouses in the vicinity thereof and to alleviate the noise and road deterioration caused by large vehicles traveling through residential areas; and, WHEREAS, it is further deemed appropriate that the Paris Economic Development Corporation request that the City of Paris provide one-half of the cost of such construction; NOW, THEREFORE, BE IT RESOLVED BY THE PARIS ECONOMIC DEVELOPMENT CORPORATION, that the extension of Hearn Street from 1st Street S.W. to 4th Street S.W. for the project entitled "PEDC Hearn Street Extension, 1999," up to the amount of $265,000.00, be, and the same is hereby, approved; and, BE IT FURTHER RESOLVED, that the project entitled "PEDC Hearn Street Extension, 1999," up to the amount of $265,000.00, is hereby authorized to be funded from the Paris Economic Development Corporation Undesignated Fund Balance in the amount of one-half of the project cost and that the City of Paris be requested to provide one-half of the project cost; and, BE IT FURTHER RESOLVED, that the President, Michael R. Rhodes, be, and he is hereby, authorized and directed to, in accordance with Section 4.13 of the Bylaws of the Paris Economic Development Corporation, request that the 'City perform the construction of "PEDC Hearn Street Extension, 1999," by delivering a copy of this resolution to the City Manager of the City of Paris, Michael E. Malone.