Laserfiche WebLink
PEDC Meeting <br />November 20, 2002 <br />Page 4 <br /> <br />of an economic development assistance agreement with Hydro-Conduit, a division <br />of Rinker Corporation. <br /> <br />Mr. Vest explained that Hydro-Conduit is a division of Rinker Corporation. Hydro- <br />Conduit was formerly known as Wall Concrete Pipe Company and Director Don Wall <br />was part owner of that company. He advised that Mr. Wall is still on a retainer with <br />that company, but he is not actively employed. Mr. Vest said that Hydro-Conduit had <br />a six-inch water line that feeds their box plant and the water pressure fell to 17 <br />gallons per minute, which was not enough to operate the box plant. Mr. Vest said <br />they had to close the box plant. The City Engineer went out and checked the <br />situation and came to a resolution regarding the water problem. He ran a new water <br />main to the property line and did not tie into the existing service coming from a <br />different direction. The water line that was on Hydro-Conduit's property was <br />installed twelve years ago and the city water main does not have the pressure to keep <br />that pressurized at a level to adequately run their box plant. Mr. Vest said they put <br />in a new eight-inch line on an emergency basis from their meter to the new city main. <br />Mr. Vest said they were asking the PEDC to pay for that new eight inch water line <br />as the City of Paris cannot build that water line because it is on private property. He <br />said they were probably talking about $5,000.00. <br /> <br />After discussion, a motion was made by Director Fendley, seconded by Director <br />Severson, to authorize the funding of this project. The motion carried unanimously. <br /> <br />President Guest called for discussion of the Revolving Loan Fund for the City of <br />Paris. <br /> <br />Tommy Haynes, Director of Community Development for the City of Paris, came <br />forward and explained that Bob Jones, consultant for the City of Paris, wrote this <br />particular grant and he was unable to attend this meeting. Mr. Haynes said he would <br />answer any questions that the Directors had. Mr. Haynes said two years ago the City <br />of Paris applied for a grant with the U. S. Department of Agricultural and Rural <br />Development for a $200,000.00 economic development loan, which ties in with <br /> <br /> <br />