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DRAFT F:kAttorney\LisakResolutions\CURRENTkHearn Street ROW to PEDC.wpd February 5, 2004 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, AUTHORIZING THE PARIS ECONOMIC DEVELOPMENT CORPORATION, AT ITS EXPENSE, TO PERFORM ALL WORK REQUIRED FOR THE CONSTRUCTION OF HEARNE STREET FROM 1 ST STREET S.W. TO 4TH STREET S.W. ON RIGHT-OF-WAY PREVIOUSLY ACQUIRED BY THE CITY OF PARIS; CONDITIONING THE APPROVAL OF SAID CONSTRUCTION UPON CONFORMANCE BY THE PARIS ECONOMIC DEVELOPMENT CORPORATION WITH ALL APPLICABLE CITY ORDINANCES, CODES, REGULATIONS, AND SPECIFICATIONS AS VERIFIED BY CITY INSPECTORS; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the Pace Group, in its Business Retention Survey and Flexible Incentive Plan for the City of Paris, dated May 12, 1994, brought to the attention of the Paris Economic Development Corporation the concern regarding access roads to Delta Logistics and Rodgers- Wade Manufacturing; and, WHEREAS, the current route used to access Delta Logistics, Rodgers-Wade Manufacturing, and warehouses in the vicinity thereof is through residential areas on streets which adversely affect the efficiency of the affected industries because they do not provide adequate turning space for large trucks, and significant amounts of traffic by large vehicles through residential areas not only cause deterioration to the streets but detract from the comfort of the inhabitants of the neighborhood because of the considerable noise generated by such vehicles; and, WHEREAS, the Board of Directors of the Paris Economic Development Corporation (PEDC) deemed it appropriate and in furtherance of economic development that the PEDC extend Hearne Street from 1 st Street S.W. to 4th Street S.W., with funding authorized up to the amount of $265,000.00, in order to provide an adequate route for large vehicles traveling to Delta Logistics, Rodgers-Wade, and the warehouses in the vicinity thereof and to alleviate the noise and road deterioration caused by said large vehicles; and, WHEREAS, in accordance with said determination, the Board of Directors of the Paris Economic Development Corporation, by formal action on the 13th day of September, 1999, in Resolution No. 99-007, amended by Resolution No. 99-009 on the 29th day of November, 1999, authorized the expenditure of an amount not to exceed $265,000.00 to defray the cost of the extension of Hearne Street from 1 st Street S.W. to 4th Street S.W. for the economic benefit derived by the industries in the vicinity as a result of said street extension; and,