11/07/2019 MinutesPARIS ECONOMIC DEVELOPMENT CORPORATION
SPECIAL MEETING
Community Room next to PEDC Office
1125 Bonham Street
Paris, Texas 75460
Thursday November 7 2019
4:00 O'CLOCK P.M.
Board Members Present:
Tim Hernandez, Chairman
Shay Bills, Vice -Chairman
Mihir Pankaj, Secretary/Treasurer
Marion Hamill
A.J. Hashmi
Ex -Officio Members Present:
Paul Allen, Lamar County Chamber President
Gene Anderson, Interim City Manager
Steve Clifford, Mayor
Legal Counsel:
Stephanie Harris
Call to Order.
MINUTES
Staff Present:
Michael Paris, Executive Director
Chris Stout, Economic Development Associate
Guest(s) Present:
Mary Madewell, The Paris News
Amanda Cutshall, eparisextra.com
Shrinath Sundaram, President of Attadus, Inc.
City Council Liaison:
Paula Portugal
Mr. Hernandez called the monthly meeting of the Paris Economic Development Corporation to order at 4:00 p.m.
on November 7, 2019.
Convene into Executive Session:
1) Pursuant to Section 551.087 of the Texas Government Code to (1) discuss or deliberate
regarding commercial or financial information that the governmental body has received
from a business prospect that the governmental body seeks to have locate, stay, or expand in
or near the territory of the governmental body and with which the governmental body is
conducting economic development negotiations; or (2) to deliberate the offer of a financial
or other incentive to a business prospect described by Subdivision (1), to wit:
• Project Iron Shovel
• Project Rocket X
• J. Skinner
• Project Rainwater Falls
Reconvene into Open Session and ossibly take action on item `s discussed in Executive Session,
1. Motion to offer incentives as proposed for Project Iron Shovel. Dr. Hashmi made the motion, Mr. Pankaj
seconded the motion. Motion passed 5-0.
PEDC Board Meeting Minutes
November 7, 2019
Page 2 of 2
2. Motion to approve offer of proposed incentives for Project Rocket X, pending due diligence as well as
confirming whether the company could use 10 acres instead of 19 acres. Dr. Hashmi made the motion, Mr.
Pankaj seconded the motion. Motion passed 5-0.
3. Action on J Skinner was tabled.
4. Motion to approve offer of incentives to Project Rainwater Falls with the addition of a $500,000 incentive
towards rail development. Dr. Hashmi made the motion, Mr. Pankaj seconded the motion. Motion passed 5-0.
Discuss Future Agenda Items.
No items were discussed.
Ad.'ourn
Mr. Hernandez adjourned the meeting at 6:40 p.m.
Respectfully submitted,
Paula Brownfield
Administrative Assistant
Paris Economic Development Corporation