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S'T IE X A 5 <br />'E wI..d1PMi N'V' *:'.N:" nPOPA V'"ON <br />• Acquired 200 -acre site on Loop 286 with potential for rail <br />• Rezoned and performed Phase I environmentals on all properties <br />• Developed and implemented a new social media marketing strategy <br />• Developed and implemented quarterly newsletters <br />• Secured $1.3 million in federal funding through the Economic Development Administration <br />• Partnered with the City to get 12 -inch waterlines to both industrial parks <br />• Supported 13 project announcements representing: <br />o Retention of 585 jobs <br />o the creation of 835 new jobs <br />o $423 million in capital investment to Paris and Lamar County <br />o Total jobs supported = 1,410 <br />Hammond expressed her gratitude to the Board for their ongoing support, dedication, and commitment <br />of time to both her and the organization. <br />Discussion and Possible Action on Financial Position and Forecasting by Secretary/Treasurer Coleman <br />Mr. Coleman presented the financial position and forecasting of the PEDC. Following his presentation, <br />Mr. Coleman provided commentary, stating that over the past four years, the organization has achieved <br />significant milestones, including the announcement of 13 projects, land acquisitions, and expenditures <br />to prepare properties to be site ready. However, these efforts, combined with Project Blue Fire, will <br />place considerable strain on cash flow for the next five to seven years. This limited cash availability will <br />greatly impede the organization's ability to actively pursue new projects, make land acquisitions, and <br />implement capital improvements within its existing industrial parks. <br />Overview, Discussion and Possible Action on Land and Buildings including but not limited to: <br />Ms. Hammond presented an overview of the PEDC land inventory and noted the following challenges: <br />20 -acre site on West Campbell St <br />• A large amount of clearing is necessary. <br />The water main serving the site is 6 inches and may not be suitable for industries with high <br />water demand. <br />• The land is adjacent to a residential area. <br />40 -acre site at NW Industrial Park <br />• A minor floodplain running through the center of the property could restrict development. <br />• A flood study is needed for the site. <br />115 -acre site at Gene Stallings Business Park <br />• No onsite sewer is available. <br />• Rehabilitation and construction of a new rail system is required. <br />Page 3 of 5 <br />