03-E PEDC (08/22/01) - Laserfiche WebLink

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Minutes of PEDC Regular Meeting August 22, 2001 Page 3 Lamar County. He said the request from TCIM is a deviation from what PEDC normally approves. President Rhodes said that TCIM is a more technology based endeavor. It has worked well with TCIM and it has worked well for the greater good for Paris and Lamar County. TCIM is currently meeting their obligations relevant to a prior agreement; however, President Rhodes felt it merits some consideration by Paris Economic Development Corporation, due to the type of request that has been made. After a considerable amount of discussion, a motion was made by President Rhodes to respectively decline the request of TCIM Services, Inc., as submitted with further consideration only with additional capital improvement or expansion. The motion was seconded by Director Fendley and carried unanimously. Bobby Walters, ex-officio Board Member, stated that Paris Junior College was working with TCIM with regard to training and that perhaps this was an effort that would retain TCIM. Mr. Walters expressed hope that there would be funds available from the state to get the training that is needed for the TCIM employees. President Rhodes called for discussion of a request for financial assistance from Earthgrains. Mr. Vest called the Board' s attention to the letter from Earthgrains for financial assistance. Mr. Vest said he had several meetings with David Owens and his staff members at their plant and they do not expect any adverse change because of the new change in ownership. Mr. Vest advised that Earthgrains is in need of some renovation and expansion at the Paris plant, which would not be brick and mortar, but it would be in excess of one million dollars in equipment that they would be bringing in if they received this expansion. He advised that they are competing not only with the other Earthgrains facilities