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Paris Economic Development Corporation <br />May 21, 2003 <br />Page 7 <br /> <br />Agenda Item No. 9, a resolution for consideration of and action on a resolution <br />approving and authorizing the executive of an incentive Agreement with <br />Project Holt. <br /> <br />President Wall called for discussion of and possible action on acquisition of <br />additional land for the Paris Business Park. <br /> <br />Mr. Vest advised that the PEDC has a piece of property that is adjacent to the <br />Industrial Park and this would give access to the Park from Campbell Street. <br />Mr. Vest gave the Board a handout showing the property identified as Lot 7. <br />He said that this property is listed with Century 21 and he had inquired about <br />it before. At that time, there were so many property owners that a clear title <br />was unavailable, but there is one now. He said that this property consists of 6.5 <br />acres at a cost of approximately $18,500.00, and this would give them <br />connection to Campbell Street. Mr. Vest asked if the Board was interested in <br />acquiring this property and if they are, they would put an offer in with the <br />realtor. <br /> <br />After discussion, a motion was made by Director Sims authorizing Mr. Vest to <br />put in an offer for this property to open up the Park to Campbell Street. The <br />motion was seconded by Director Severson and carried 5 ayes, 0 nays. <br /> <br />There being no further business, the meeting was adjourned. <br /> <br />DON WALL, PRESIDENT <br /> <br />ATTEST: <br /> <br />MATTIE CUNNINGHAM, CITY CLERK <br /> <br /> <br />