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Paris Economic Development Corporation <br />FY 2014 -15 Plan of Work <br />Action Steps <br />1. Revise and approve abatement and incentives policies along with Standard Operating <br />Procedures (SOPs). <br />a. Revise available incentives summary and incorporate into future proposals. <br />b. When SOPs are complete and approved by PEDC Board, get City Council approval. <br />2. Complete and execute all pending incentive and abatement agreements. <br />a. T &K Machine — $45K <br />b. Potters Industries — $45K <br />3. identify and secure alternative sources of revenue. <br />a. Implement targeted grants and fundraising strategy (Attachment A). <br />b. Evaluate best practices and pursue funding streams in addition to public sales tax funding. <br />i. Best Practice: Tyler and Kilgore EDCs on compliance processes of incentive <br />agreements and tax abatements. <br />c. Meet with key State and Federal agencies and other officials to: <br />i. Advance relationships established during prior meetings and update key contacts. <br />ii. Inform and gain support for projects and other activities worthy of federal grants or <br />contracts. <br />iii. Participate and financially support the Lamar County Days in Austin 2015 event with <br />the Lamar County Chamber of Commerce and others <br />