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S'T IE X A 5 'E wI..d1PMi N'V' *:'.N:" nPOPA V'"ON 200 -acre site at SW Industrial Park • No onsite sewer is available. • Rehabilitation and construction of a new rail system is required. • An existing blue -line stream flows north to south through the property. The property is not considered a FEMA floodplain; however, the property is a USACE jurisdiction for wetlands and waters. A USACE permit is achievable for certain uses. 123 -acre site on SE Loop 286 • Nearest water line is a 6 inch line northwest of the site. The nearest 10 inch water line is east of the property, at the intersection of Loop 286 and Collegiate Drive. • No onsite sewer is available. • Timeframe for the implementation by TxDOT of a 4 -lane expansion to Loop 286 South is potentially 10 or more years. • Initial utility costs for water and sewage are expected to be significant. PEDC Board Member Roundtable and Discussion Ms. Hammond continued with a point of discussion involving the challenges of Cox Field Airport. She noted that while the most valuable asset of the airport is the availability of land, its lack of infrastructure continues to be a challenge. Ms. Hammond provided an example, stating that the PEDC was unable to submit on a recent request for information due to the lack of infrastructure and length of its primary runway. She further explained that the timeframe to secure approval from the FAA to proceed with infrastructure improvements is approximately three years. Mr. Bray reiterated Hammond's remarks stating that infrastructure improvements and FAA approval is a critical need in preparing the land for potential industries. Mr. Homer asked a question regarding the steps needed to begin the approval process. Mr. Vine provided response, stating that a master plan to extend the runway would need to be drafted prior to the submittal for FAA approval. Mr. Roddy provided commentary, noting that infrastructure improvements to the property should be the primary focus. Mr. Roddy asked a question regarding the ability to connect water lines to the City of Reno's water supply. Mr. Harris provided response, explaining that water lines connected to the Lamar County Water Supply currently surround the property. Dr. Hashmi continued with another point of discussion involving the percentage of sales tax revenue the PEDC receives. He noted that an additional quarter cent of sales tax revenue would allow the PEDC to continue its core mission and allow for improvements for potential industries, in light of the organization's current financial constraints. Mr. Fendley added that it could also be designated to acquiring land either by the City or PEDC for industrial use or be allocated to the prioritization of PEDC industrial projects and improvements. Mr. Bray added that improvements to the highways and signage leading into the city of Paris are also needed to increase the city's appeal to potential industries. Mr. Bray asked Mr. Pankaj to facilitate a discussion with the Paris City Council about the potential reallocation of tax dollars and to reconvene with the PEDC Board at a later date. In response, Mr. Pankaj agreed to begin discussions with the council and coordinate a joint meeting. Page 4 of 5