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around and use this to replenish as much of our stock of water lines pulled from the Gene Stallings <br />Industrial Park project, as possible, to try and finish that project. <br />OPTIONS: <br />1. Approve the Development Agreement as drafted. <br />2. Request edits to the Development Agreement; examples: <br />a. Should Lionshead not make their payment, the City will not activate (or will <br />deactivate) the water line servicing their facility. <br />b. Require Lionshead to make the '/4 installment payment prior to work beginning. <br />c. Require Lionshead to make the full payment prior to work beginning. <br />3. Reject the Development Agreement requiring us to renegotiate completely or Lionshead to <br />install a private line around their building. <br />RECOMMENDATION: <br />I would recommend the City Council consider language along the lines of option #2 above, <br />however, I will support whatever the City Council determines best. We do want this business to <br />come to Paris, as evidenced by the Council's granting Lionshead a tax abatement last year, but we <br />must also look out for the best interests of our utility rate payers and tax payers when spending <br />their funds (including AR -PA). <br />