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RESOLUTION N0. 2012-045 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS; DECLARING <br />SUPPORT FOR THE PARIS ECONOMIC DEVELOPMENT CORPORATIONS APPLICATION <br />TO THE UNITED STATES DEPARTMENT OF AGRICULTURE ("USDA") AND UNITED <br />STATES ECONOMIC DEVELOPMENT ADMINISTRATION ("EDA") RURAL JOBS & <br />INNOVATION ACCELERATOR CHALLENGE FOR A GRANT IN THE AMOUNT OF <br />$715,000. <br />WHEREAS, the Paris Economic Development Corporation (PEDC), has made <br />application to the United States Department Of Agriculture ("USDA") & United States <br />Economic Development Administration ("EDA") rural Jobs & Innovation Accelerator <br />Challenge Grant in the amount of $715,000.00. The funds will enable the PEDC and the <br />Red River Region Business Incubator (113bi) to form the Northeast Texas Rural <br />Competitiveness & Innovation Cluster; and, <br />WHEREAS, The Northeast Texas Rural Competitiveness & Innovation Cluster will <br />foster entrepreneurial support, spur rural innovation and advanced manufacturing in a <br />two-state, six-county region including Paris, Lamar County, Clarksville, Red River County, <br />Cooper, Delta County, Bonham, Fannin County, and Commerce, Hunt County in Texas and <br />Hugo, Choctaw County, Oklahoma as detailed in the narrative attached as Exhibit "A"; and <br />WHEREAS, the Board of Directors of the Paris Economic Development Corporation <br />has determined that the application for this USDA & EDA Rural Jobs & Innovation <br />Accelerator Challenge Grant is of vital importance to the growth and retention of business <br />and industry in Paris, Lamar County, Texas and to the growth and retention of primary jobs <br />at these local businesses and industry in Paris, Lamar County, Texas; and <br />NOW, TNEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE <br />PARIS ECONOMIC DEVELOPMENT CORPORATION OF PARIS, LAMAR COUNTY, TEXAS: <br />Section 1. The findings set out in the preamble to this resolution are hereby in all <br />things approved. <br />Section 2. That the City Council of the City of Paris Texas supports the Paris <br />Economic Development Corporation in their application for the USDA & EDA Rural Jobs & <br />Innovation Accelerator Challenge Grant. <br />Section 3. This resolution shall be effective from and after the date of passage. <br />PASSED AND APPROVED this 23rd day ofApri1,~012. <br />A.J. Hashmk M\H., <br />