05-APPROVAL OF OFFICIAL RECORD OF OCTOBER COUNCIL MEETINGS

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PRMC Northward Bound Project Briefing Reinvestment Zone Tax Abatement Request for North and South Campus Improvements October 2012 l. Legal Entity Essent PRMC, L.P. dba Paris Re ional Medical Center 2. Project Locations North Campus: 865 DeShong Drive South Cam us: 820 Clarksville Street 3. Project Capital Investment North Campus: Total Real Property Construction $25,800,000 Equipment 1,300,000 $27,2�0,�00 Total Amount $27,100,000 South Campus: Real Pro e Construction $100,000 4. Tax Abatement Request North Campus $306,000 Estimate: City, County, PJC South Campus 1,100 (10 years beginning 1/2013) Total Annual Abatement Value $307,100 Total 10-Year Abatement Value $3,071,000 5. Total Employees (Both Direct Full-Time wBenefits 670 Campuses) Indirect Personnel (Phys�cians, FTE/per diem/contract) 1$S Total Employees/Personnel 855 6. Total Pa roll Both Cam uses Total Annual Pa roll $47,512,000 7. Existing Property Values Real Properiy $21,200,361 (PRMC North and South) Personal Property 13,610,470 NOT Subject to Abatement Other PRMC-owned Real Properties 11,188,879 as of 1/1/12, LCAD Total $45,999,710 8. Property Tax Paid to ISDs Paris ISD $305,300 (Annual Estimate for 2013 Start) North Lamar ISD 1,400 Total $306,700 Late 2009/Early 2010 PRMC meets w PEDC about possible incentives. Abatement is discussed. Northward Bound project announced as $18M addition to North Campus. PRMC Project Timeline 2011 • City Council approves PRMC's application for EZ designation, authorizing local incentives, including tax abatement in Ordinance No. 2011-035 (August). • Ground Breaking Ceremony (August). • Essent and RegionalCare merge (September). • PRMC pulls first building permit (November). � � .. 11 �h�.h.-� '�� , 2012 Improvements at both N. and S. Campuses begins. Project Capital Investment increases to over $27M, includes S. Campus improvements (January). Council considers finalized abatement agreement (October).