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<br />PARIS ECONOMIC DEVELOPMENT CORPORATION <br /> <br />RESOLUTION NO. 2002-008 <br /> <br />A RESOLUTION OF THE BOARD OF DIRECTORS OF THE PARIS <br />ECONOMIC DEVELOPMENT CORPORATION, APPROVING AND <br />AUTHORIZING THE EXECUTION OF AN INCENTIVE AGREEMENT <br />WITH PARIS CUSTOM TRAILER; MAKING OTHER FINDINGS AND <br />PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN <br />EFFECTIVE DATE. <br /> <br />WHEREAS, the Paris Economic Development Corporation is a non-profit corporation <br />governed by the Development Corporation Act of 1979 (the Act) and was established for the <br />purposes of promoting, assisting, and enhancing economic development; and, <br /> <br />WHEREAS, the means and measures authorized by the Act and the assistance provided <br />therein with respect to financing are found to be in the public interest and serve a public purpose of <br />the state in promoting the welfare of the citizens of the state economically by the securing and <br />retaining of business enterprises and the resulting maintenance of a higher level of employment, <br />economic activity, and stability; and, <br /> <br />WHEREAS, in keeping with the purposes for which the legislature enacted the Development <br />Corporation Act of 1979 and the purposes for which the voters of the City of Paris established the <br />P3Iis Economic Development Corporation, it is deemed appropriate that an incentive agreement be <br />entered into with Paris Custom Trailer; and, <br /> <br />WHEREAS, the form ofthe Incentive Agreement, attached hereto as Exhibit A, should, in <br />all things, be approved, and the President should be authorized to execute the same; NOW, <br />THEREFORE, <br /> <br />BE IT RESOLVED <br />CORPORATION: <br /> <br />BY <br /> <br />THE <br /> <br />PARIS <br /> <br />ECONOMIC <br /> <br />DEVELOPMENT <br /> <br />Section 1. That the findings set out in the preamble to this resolution are hereby in all things <br />approved. <br /> <br />Section 2. That the form of the Incentive Agreement with Paris Custom Trailer, attached <br />hereto as Exhibit A, be, and the same is hereby, approved. <br /> <br />Section 3. That the President of Board be, and he is hereby, authorized and directed to <br />execute, on behalf of the Paris Economic Development Corporation, the Incentive Agreement, under <br />the terms and conditions and in the form shown in Exhibit A, attached hereto. <br /> <br />Section 4. That this resolution shall be effective from and after its date of passage. <br />