06/15/2023 Minutes - Laserfiche WebLink

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Chairman Bray provided commentary, stating that he is looking forward to the presentation and believes the PEDC had a great year. He also directed board members to reach out to Ms. Hammond with any comments or input into the 2023-2025 Plan of Work. EDA Grant for Northwest Industrial Park: Ms. Hammond stated that progress is being made with the EDA grant and the PEDC has established a separate non-interest-bearing account with Liberty National Bank, as per EDA guidelines. She went on to note that the City’s waterline plans are currently under review by the EDA’s legal team and that they have 30 days to respond to these plans. LionsHead Specialty Tire & Wheel, LLC.: Ms. Hammond echoed Mr. Bray’s earlier comments by thanking those that were in attendance at the groundbreaking ceremony. She went on to note that it was a great community event with an estimated 70 in attendance. Ms. Hammond closed by stating that work has started and is continuing on site, but Archer is on hold until the City completes installation of the waterlines. Ametsa Packaging: Ms. Hammond provided a brief update by stating that she has visited with Ametsa leadership at the Paris facility and that they have started production with 3 lines along with 40 Full-Time Employees. Universal Fabricating: Ms. Hammond shared that Universal Fabricating is currently hiring for various positions and asked members of the board to refer any potential candidates to the PEDC office. Convene into Executive Session: 1) Pursuant to Section 551.087 of the Texas Government Code to (1) discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1), to wit: a) Project Clydesdale 2) Pursuant to Section 551.072 of the Texas Government Code to discuss and deliberate the purchase, exchange, lease, or value of real property. Chairman Bray convened the Board into Executive Session at 5:45 p.m. Reconvene into Open Session and Consider Action on Item(s) Discussed in Executive Session Chairman Bray reconvened the Board into Open Session at 6:36 p.m. Mr. Fendley made the motion to approve the economic development incentive agreement between the PEDC and Project Clydesdale as discussed in Executive Session and authorize Board Chairperson to execute said agreement. Mr. Homer seconded the motion. Vote: 6-ayes to 0-nays