06-A PEDC (12/18/2002) - Laserfiche WebLink

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Regular PEDC Meeting Dec. 18, 2002 Page 5 President Guest called for discussion and possible acceptance of a form to be used by businesses seeking assistance from the Paris Economic Development Corporation. Mr. Vest advised that there were two applications. One is for Economic Development Assistance - New Construction and the other one is for Economic Development Assistance Expansion. After reviewing the applications, a motion was made by Director Fendley, seconded by Director Severson, to accept the applications as presented. The motion carried unanimously. Resolution No. 2002-008, approving the form of the Incentive Agreement with Paris Custom Trailer, and authorizing and directing the President of the Board to execute, on behalf of the Paris Economic Development Corporation, the Incentive Agreement, was presented. A motion was made by Director Severson, seconded by Director Wall, for approval of the resolution. The motion carried with Director Fendley abstaining. Resolution No. 2002- 009, approving the form of the Incentive Agreement with Hydro-Conduit, and authorizing and directing the President of the Board to execute, on behalf of the Paris Economic Development Corporation, the Incentive Agreement, was presented. City Manager Malone informed the board that he asked Shawn Napier, City Engineer, to attend the meeting to describe the project and what the city has done and where this line ties into the plant. Mr. Napier came forward and explained that Mr. Wall had called and informed him that they were going to have to close the plant down because they did not have enough water to operate. They had only 17 gallons a minute when they went to the site. Mr. Napier said there is a six inch line that was put in by Wall Concrete about twelve years ago, and there is a slanted portion of the line that is running across the railroad track. He said that ties into a four inch line that is in