06-RECORD OF STANDING COMMITTEE MINUTES FROM SEPTEMBER

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PEDC Board Meeting Minutes September 13, 2012 Discussion and possible action reEardin� the Tax Abatement Request bv Campbell Soup Corporation. Steve Gilbert told those present that the Abatement Policies and Criteria 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 Campbell Soup for $45M in capital investment and 68 jobs on August 27, 2012. 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 on September 24, 2012. Motion was made by Bruce Carr to recommend approval of the $45M T� Abatement by Campbell Soup Corporation; seconded by Kenny Dority. Motion Carried 4-0. Update re�arding the site readv Request for Qualifications submitted bv area engineering firms. Steve Gilbert told those present that Bruce Carr and Toni Clem had reviewed and rated the seven firms that submitted an RFQ. The next step is to have a couple of people with technical expertise look at the RFQs and assess the firms, form a short list of four firms that have been vetted to be capable of achieving a scope of work in a short timeline. This would then enable the Paris EDC to get a timeline and cost for engineering work for a potential prospect at our site ready locations. No action was taken on this item. Discussion and possible action regarding pavment to SuRRMA for Hwv. 19/24 proiect obligation in the amount of $1,426,813.00. Steve Gilbert told those present that the City Council had approved a budget amendment to allow payment for this expense in the current fiscal year. The Office of General Counsel at TxDOT was requiring revised final versions of the Interlocal Cooperative Agreement, SIB Loan and Resolution for Pledged Funds be approved by all entities. Kenny Dority made a motion to approved payment of the lump sum amount for the Hwy. 19/24 project to SuRRMA in the amount of One Million Four Hundred Twenty-Six Thousand, Eight Hundred Thirteen Dollars ($1,416,813.00); seconded by Bruce Carr. Motion Carried 4-0. Discussion and possible action reEarding the proposed amended Paris EDC Bud�et for FY 2012-13. Steve Gilbert told those present that a number of incentive agreements had been approved by the Paris EDC Board since the Proposed FY 2012-13 Budget was submitted to the City on July 2"d. The Budget process at the City level is still in progress. So, with the Board's approval, the amended Budget would be submitted for City Council consideration at their meeting in October. Note: Bill Harris joined the meeting. Discussion took place as to the amount budgeted for the Depot. The line item name was changed to reflect "Depot Operating Funds" and reduced from $60,000 to $45,000. The amended budget reflects current Incentive Agreements to be paid from Reserves. It also shows other line-item reductions with the savings going to Reserves. Bruce Carr made the motion to approve the Budget Amendment as presented for FY 2012-13; seconded by Kenny Dority. Motion Carried 5-0. Discussion and Possible action of the revised Policv & Procedure manual for the Paris EDC. Chairman Wehrman said he didn't feel comfortable adopting the manual, as presented. He felt it needed to be written as a private business and not a governmental agency. Therefore, he asked Toni Clem to review with him and bring it back to the Board for discussion and possible adoption at a future meeting. Toni Clem made the motion to table; seconded by Bill Harris. Motion Carried 5-0. 2 �_. ��