10/14/2014 MINUTES - Laserfiche WebLink

Home Browse Search

PEDC Board Meeting Minutes October 14, 2014 Page 3 of 7 have a 50 cent ad valorem tax and Tyler's is 19 cent ad valorem tax. So when an industry comes to town, Tyler doesn't have the million dollars to give them but they have a low property tax rate and take the taxes and pay fire, police, road improvements and things like that. Tyler told us very few towns could pull this off and they were one of them. Shannon Barrentine stated that Tyler is still connected to their chamber. The director is over the chamber and the EDC. Shannon Barrentine stated that the industry pitches in for the annual revenues. The population in Kilgore is 14,000 in the city. They get the full half cent of sales tax revenues. Kilgore generates $3.2M from sales tax for Economic Development with less than half the population of Paris. Shannon Barrentine stated that oil and gas point of sale is what generates the revenues for Kilgore. Kilgore doesn't incentivize oil and gas industry they want to diversify their community. Kilgore also doesn't have bankers or realtors on their Board of Directors. Don Wilson stated the PEDC and the city need to sit down and iron everything out. Edwin Pickle stated that we made our incentive agreements difficult. Whereas, Tyler and Kilgore have been successful by keeping them simple. Rebecca Clifford joined the meeting at 4:06 p.m. Update from the Workshop that was held in Austin on September 23, 2014 pertaining to the Property Accessed Clean Energy (PACE) Program in Texas. Shannon Barrentine stated that she went the Austin PACE Workshop, on September 28, 2014. There were about 50 people in attendance of all variations of industry and finance. The actual attendance list was in the meeting packet. Upon her return, she sent John Godwin, City Manager; Pam Anglin, PJC President; Chuck Superville County Judge; Jerry Patton, Chief Appraiser; and Reeves Hayter, engineer the PACE Program information. A meeting has been scheduled for November 4, 2014 to discuss how we can get the PACE program off the ground and offered to our industries and citizens in Lamar County. Stephen Grubbs said he had heard the PACE Program pitch and it seems to be worthwhile. Shannon Barrentine stated that on November 12, 2014 in Canton, Texas, there will be a Northeast Texas Economic Development and Roundtable (NETEDR) Meeting; Steven Minick, will speak on the PACE program. • Chamber Banquet 2014 The Chamber Banquet will be held Tuesday, October 28, 2014 at the Love Civic Center in Paris, Texas. The PEDC had purchased a table of eight. PEDC will present the Industrial Appreciation Award that night.