06-RECORD OF STANDING COMMITTEE MINUTES FROM JUNE-AUGUST

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PEDC Board Meeting Minutes August 14, 2012 Centers in the region participated with 43 attendees registered and 39 completed the two day event. Attendees were asked to rank each session on a scale from 1 to 5. Average response for all sessions was 4.6. The Second Edition of the Entrepreneur Guide has been printed to include Fannin and Franklin Counties. Steve told those present that he had participated in the second of 13 weekly radio shows entitled "Meet the Professional" sponsored by Liberty National Bank earlier that day. Discussion and possible action regarding the Tax Abatement Request bv Kimberlv-Clark Coruoration. Steve Gilbert told those present that the Paris EDC By Laws require the Board to officially approve the recommendations of any/all tax abatement requests by business and industry. He added that the City Council held a public hearing on the tax abatement request by Kimberly-Clark for $150M over a five year period. Phil Senn, Paris plant manager, told the City Council that the Paris plant competes with Beach Island, South Carolina and Ogden, Utah for expansion/improvement dollars. This investment is a vote of confidence for the Paris plant and community. The Tax Abatement will be considered at Lamar County Commissioner's Court and Paris Jr. College Board of Regents later in the month. Motion was made by Kenny Dority to recommend approve the $150 M Tax Abatement by Kimberly- Clark Corporation; seconded by Toni Clem. Motion Carried 5-0. Discussion and possible action regardin� two vear renewal of Line of Credit with Capital One. Steve Gilbert told those present that the previous line of credit was for a one year. The one year term would expire later in August. The renewal would be for a two year line of credit at Prime minus 1.96 resulting in ].29 % effective interest rate with monthly interest payments only, maintain $750,000 in liquidity and a 1% renewal fee at closing. Attorney Plug Clem should have the fnal documents ready in the next week or so. Motion was made by Kenny Dority to have the Paris EDC Chairman execute the documents after approval from Legal Counsel; seconded by Bruce Carr. Motion Carried 5-0. Discussion and possible action reEardin� proposed revisions to the current Citv of Paris' Policv Statement Criteria and Guidelines for Tax Abatement. Steve Gilbert told those present that the Tax Abatement Committee consisting of: City Manager, County Judge, Paris Jr. College President, Chief Appraiser and Paris EDC Executive Director met in the last few weeks. It was recommended that all parties would continue with the existing Tax Abatement Policies, as written. Per the policy, the Paris EDC Board is required to start and facility the Tax Abatement process even though they have no authority to grant a Tax Abatement. Motion was made by Toni Clem to recommend the Tax Abatement Guidelines be adopted, with no changes; seconded by Bill Harris. Motion Carried 5-0. Discussion and possible action regarding the site readv Request for Qualifications submitted by area engineerinE �rms. Chairman Wehrman told those present that he had asked for Bruce Carr and Toni Clem to rank the engineering firms that responded to the RFQ. Further thought has gone into the process and think a committee consisting of other citizens be formed to conduct interviews with the engineering firms that responded. The committee would consist of Shannon Barrentine, Paris EDC staff; Don Wilson and Rick Poston. The questions would be provided by input from Bruce Carr and Toni Clem. Motion was made by Toni Clem to table this item; seconded by Bruce Carr. Motion Carried 5-0. Discussion and possible action regarding the Final Diversitv Initiative Reqort. Steve Gilbert told those present that he had a meeting with Mary Clark and Marva Joe to discuss next steps and invitees to a follow-up meeting of leaders, organizations and non-profits to take responsibility and implement the initiative, as recommended. Steve referenced his summary of the full Diversity report. Bruce Carr stated that he hoped this meeting would result in an organization taking "ownership" of the initiative. Steve 2 �•