Loading...
07/13/2016 MINUTESPARIS ECONOMIC DEVELOPMENT CORPORATION SPECIAL MEETING Board Members Present: Richard Manning, Chair John Brockman, Vice -Chair Don Wilson, Secretary/Treasurer Ray Banks Derrick Hughes Ex- Officio Members Present: Pam Anglin, PJC President Legal Counsel: Stephanie Harris Call to Order: Community Room 1125Bonham Street Paris, Texas 75460 Wednesday July 13, 2016 4:00 O'CLOCK P.M. MINUTES Staff Present: Michael Paris, Executive Director Paula Brownfield, Administrative Assistant Chris Stout, Office Assistant Guest(s) Present: Amanda Gohn, The Paris News City Council Liaison: Billy Trenado, City Council The July 13, 2016 special meeting of the Paris Economic Development Corporation was called to order by Mr. Manning at 4:00 p.m. Discuss and Possibly approve to discontinue the 2013 J Skinner Bakina incentive agreement. Mr. Manning stated the Board would discuss and possibly approve to discontinue the 2013 J Skinner Baking incentive agreement. He asked Mr. Paris to start the discussion. Mr. Paris gave short history of J Skinner coming to Paris, Texas. The old Sara Lee building was large enough for J Skinner to expand and add new product lines. J Skinner invested $5.6 million for the facility and another $19.4 million more was added in equipment and infrastructure; the total investment was $25 million. They came to Paris to ready to invest and create jobs. On their 2012 -2017 proforma J Skinner listed the creation of 393 jobs. The PEDC offered incentives of about $1.2 million, $196,000 was for job training, and $982,000 was for job creation. 2013 132 jobs PEDC paid out $2500 per job created for a total of $330,000. PEDC paid out $500 for 117 to have job training at a cost of $58,500. The Total aid: $388,500. 2014 199 jobs No Payouts 2015 59 jobs No Payouts 2016 No jobs No Pa outs 2017 1 No jobs No Payouts PEDC Board Meeting Minutes July 13, 2016 Page 2 of 2 One of the biggest blows to J Skinner in Paris was losing the Burger King contract. The community should know that through June of 2016, J Skinner has invested $12.3 million into the building and equipment at the Paris plant. Along with that investment, yearly payroll is between $3.5 and $4 million. They want to be in Paris and they are working hard to find the new product to bring to Paris. Mr. Paris suggested that the Board discontinue the agreement, since we have not prepaid anything. Mr. Wilson made a motion that the Board discontinues the agreement with J Skinner. Mr. Banks seconded the motion. The vote was 5 -ayes to 0 -nays. Adiourn Mr. Banks made a motion to adjourn the meeting. This was seconded by Mr. Wilson. The vote was 5 ayes and 0 nays. The meeting was adjourned at 4:10 p.m. Respectfully submitted, Paula Brownfield Administrative Assistant Paris Economic Development Corporation