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<br />Board Minutes for the <br />Paris Economic Development Corporation <br />April 17, 2006 <br />4:00 P.M. <br /> <br />Board Members <br />Present: Sims Norment <br />Mike Dunn <br />Rodney Bass <br />Glen Bawcum <br /> <br />Board Members <br />Absent: Dick Severson <br /> <br />Ex-officio Members <br />Present: Tony Williams <br /> <br />Guests: <br /> <br />Charles Lynch <br />Charles Richards <br />Susan Bickert <br />Ma t Ptacek <br /> <br />Staff Present: <br />Gary Vest <br />Chad Madding <br />Phil Smith <br />Gene Anderson <br /> <br />Sims Norment called the meeting to order at 4:05 p.m. <br /> <br />The minutes of the March, 2006 meeting were approved on a motion by Rodney <br />Bass and a second by Mike Dunn. <br /> <br />The financial report was presented by Gene Anderson for the month ending <br />March 31, 2006. Gary Vest and Tony Williams addressed the change in the tax <br />dollar amount due to the comptroller holding some of the funds due to a funding <br />change. The financial report was approved on a motion by Glen Bawcum and a <br />second by Rodney Bass. <br /> <br />Gary Vest spoke about the tax abatement for Kimberly-Clark. He recommended <br />100% for 7 years with an option for a 3 year extension if they keep their <br />employment above 500 people. Kimberly-Clark is planning to take down their <br />large tower storage area and replace it with a 450,000 SF warehouse. This has not <br />been approved by the KC corporate office but the Paris plant wants to do what it <br />can locally to help get the project approved. This will be a $20 to $22 million <br />dollar project. Charles Lynch spoke about the project and the investment in the <br />community. <br />