07- PARIS ECONOMIC DEVELOPMENT CORP. MINUTES FROM MEETING OF 12/14/10

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PEDC Board Meeting Minutes December 14, 2010 service to contact companies and/or site selectors fitting the target industry for the region, as listed. ROI's Target Industries for the region are: > Manufacturing: Metal Fabrication, Plastic Fabrication and Paper Goods. ~ Warehousing ~ Food Processing: Agribusiness ROI will organize conference call meetings with companies from targeted regions in the U.S. and Canada and other parts of the world that are interested in Northeast Texas. NETEA prefers to have two to three meetings in a region to make a trip viable. Recent/upcaming meetin /g trins - SURRMA Meeting in Commerce on December 20th at 5 p.m.; TxDOT Transportation Forum in Austin, January 3-5t', 2011. PEDC Board meeting on January 12th; TEX21 meeting in Austin, January 14, 2011. Industrial Managers, January 18t', 2011; IEDC Training and Leadership Summit Forum in San Diego, CA, January 19- 27', 2011. Working on an article for The Paris News about the top ten events for 2010 by the PEDC. Provided a draft copy of the Preliminary Audit for Fiscal Year Ended September 30, 2010, as submitted by McClannahan & Holmes, CPAs. Tom Hensel, auditor, will be at the January, 2011 Board meeting to answer questions pertaining to the audit. Doug Wehrman joined the meeting at 4:17 p.m. Discussion and possible action regarding the Strategic Planning meeting that was held November 16, 2010 and schedule follow-up meeting for January, 2011. Deferred consideration until after Executive Session. The Board convened into executive session at 4:30 p.m. pursuant to Section 551.087 and Section 551.072 of the Texas Government Code to discuss and deliberate on the following: A. Section 551.087 - Economic Development Negotiations B. Section 551.072 - Real Property Executive session ended at 5:29 p.m. As a result of executive session discussion, the Board took the following action: A motion was made by Doug Wehrman that it would be in the best interest of the Board, Campbell's Soup and the community to approve the request of $100,000 to be used towards the proposed "green/sustainability project" at the Campbell's Soup plant. The project is one of three that Campbell's is implementing at the Paris plant during 2011. This project provides for construction of a cover for storage of tomato paste that is currently stored outside. Construction also provides installation of solar panels on the snvcture that will provide an alternative source of electricity for the plant. This project results in efficiencies and cost savings for the Paris plant that strengthens it competitiveness among other plant locations, and therefore retains jobs. These projects also lead to potential expansion and job creation in the near future. The motion was seconded by Chad Brown. Motion carried 3 to 2 with Dan Smith and Rick Poston opposing. 2 16