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w' s Councilman Gray requested that he be excused from the council meeting due to conflict of interest. A motion was made by Councilman Manning, seconded by Mayor Pro Tem Fisher to allow Councilman Gray to be excused from the city council meeting. The motion carried 5 ayes, 0 nays. Mayor Neeley announced that the next item on the agenda was consideration of and action on an ordinance establishing Reinvestment Zone No. 8. City Attorney Schenk explained that the proposal is for an expansion to the existing facility and addition of equipment to operate within the facility of Earthgrains Company in the minimum amount of ten millions dollars plus an increase in employment over the period of time of the Tax Abatement of twenty employees. City Attorney Schenk said this would be a seven year one hundred percent Tax Abatement for the term of the agreement and the abatement. Gary Vest with the Paris Economic Development Corporation came forward advising that they had started working on this project over a year ago, and Julie Kims is present as a consultant for Earthgrains. Mr. Vest said Ms. Kims had contacted him over a year ago about an industrial prospect she was working with and he had to compete for that project just like any kind of a new industry coming to our community, but what they did know at that time is that it was Earthgrains. Mr. Vest said that at that time, Earthgrains was considering all of their plant locations for the potential expansion. Mr. Vest said they provided information and talked about possible incentives and things of that nature. Mr. Vest said he told them that their normal procedure and history has always been to provide seven years one hundred percent tax abatement and that the PEDC would enter into an agreement, which they will also do on this based on the job creation, and would apply for the enterprise project designation because they are in our enterprise zone, which they will do in all of the things that could benefit the company through that process. ORDINANCE NO. 2000 -007 AN ORDINANCE OF THE CITY OF PARIS, PARIS, TEXAS, PROVIDING THAT THE CODE OF ORDINANCES, CITY OF PARIS, BE REVISED BY AMENDING CHAPTER 30 OF SAID CODE; PROVIDING FOR THE ESTABLISHMENT OF REINVESTMENT ZONE NO. 8; MAKING OTHER FINDING AND PROVISIONS RELATED TO THE SUBJECT; REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE OF FEBRUARY 14, 2000 WAS PRESENTED. A motion was made by Councilman Pfiester, seconded by Councilman Manning, for adoption of the ordinance. The motion carried 5 ayes, 0 nays. Resolution No. 2000 -008, approving and authorizing a Tax Abatement Agreement with the Earthgrains Company, and authorizing and directing the Mayor of the City of Paris, Paris, Texas to execute said agreement, was presented. A motion was made by Councilman Manning, seconded by Mayor Pro Tem Fisher, for approval of the resolution. The motion carried 5 ayes, 0 nays.