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�1N3�ARIS TEXAS ....a!�CIONOINIC DBVHLd PMENT CORPORATION Where Texans Reach l-li h�.v • Acquired 200 -acre site on Loop 286 with potential for rail • Rezoned and performed Phase I environmentals on all properties • Developed and implemented a new social media marketing strategy • Developed and implemented quarterly newsletters • Secured $1.3 million in federal funding through the Economic Development Administration • Partnered with the City to get 12 -inch waterlines to both industrial parks • Supported 13 project announcements representing: o Retention of 585 jobs o the creation of 835 new jobs o $423 million in capital investment to Paris and Lamar County o Total jobs supported = 1,410 Hammond expressed her gratitude to the Board for their ongoing support, dedication, and commitment of time to both her and the organization. Discussion and Possible Action on Financial Position and Forecastin& b ;,Secretary Treasurer Coleman Mr. Coleman presented the financial position and forecasting of the PEDC. Following his presentation, Mr. Coleman provided commentary, stating that over the past four years, the organization has achieved significant milestones, including the announcement of 13 projects, land acquisitions, and expenditures to prepare properties to be site ready. However, these efforts, combined with Project Blue Fire, will place considerable strain on cash flow for the next five to seven years. This limited cash availability will greatly impede the organization's ability to actively pursue new projects, make land acquisitions, and implement capital improvements within its existing industrial parks. OverviewDiscussion and Possible Action on Land and !Aildin s includin but not limited to: 11 Ms. Hammond presented an overview of the PEDC land inventory and noted the following challenges: 20 -acre site on West Campbell St • A large amount of clearing is necessary. • The water main serving the site is 6 inches and may not be suitable for industries with high water demand. • The land is adjacent to a residential area. 40 -acre site at NW Industrial Park • A minor floodplain running through the center of the property could restrict development. • A flood study is needed for the site. 115 -acre site at Gene Stallings Business Park • No onsite sewer is available. • Rehabilitation and construction of a new rail system is required. Page 3 of 5