Laserfiche WebLink
<br />Paris Economic Development Corporation <br />September 10,2004 <br />Page 3 <br /> <br />Concerning the World War II Museum, Mr. Vest said they were still working <br />on that. He indicated there were some problems with the lease. Mr. Vest said <br />they have asked the man for some information and were waiting for that. Mr. <br />Vest said the man would release his financials when they agreed on a lease. <br /> <br />Director Sims asked how much the Phase II Environmental Study would cost. <br />Executive Director Vest said it depended on the size of the property and he <br />estimated about $3000.00. He explained that they wanted to do the <br />Environmental Study to make sure it would be worth cleaning up. He said they <br />had even talked about tearing the building down but it was a very solid building <br />made of concrete with a steel frame. He said one of the attractive points for the <br />building was that it had a railway that actually went into the building and <br />overhead cranes. <br /> <br />Chad Manning said he had gotten a bid from Ned Jenkins for removal of the rail <br />spur for $100,000.00. <br /> <br />Resolution No. 2004-010, a resolution of the Board of Directors of the Paris <br />Economic Development Corporation recommending to the City Council of the <br />City of Paris, Texas, approval of a tax abatement agreement and other associated <br />economic incentives for Paris Warehouse 107, inc., was presented. <br /> <br />Directive Guest handed out the tax abatement application from WePack. He said <br />they wanted to add 170,000 square feet to their existing plant on the Loop. He <br />said the application said this would add thirty jobs, but he had met with David <br />Owens of We Pack, who said it would be more like fifty jobs. <br /> <br />Mr. Guest said it would be a $5 million investment to build the building. He <br />explained that this work is currently being done in Sulphur Springs, but they <br />want to do it in Paris. <br /> <br />He showed a site plan for the proposed building, with the existing building and <br />proposed building. He said there was a fire plug that needed to be moved and <br />recommended that PEDC move the fire plug. City Engineer Shawn Napier said <br />