04-A PEDC Min 03-08-06
REGULAR MEETING
PARIS ECONOMIC DEVELOPMENT CORPORATION
COMMUNITY ROOM
LAMAR COUNTY CHAMBER OF COMMERCE
1125 BONHAM
PARIS, TEXAS
WEDNESDAY, MARCH 8, 2006
4:00 O'CLOCK, PM
AGE N D A
1) Call meeting to order
2) Approval of minutes from previous meeting [February, 2006]
3) Financial Report [February, 2006]
4) C-Tech Inc. Project: Approval by PEDC of subordination document to financing provided by
Stuart Ackerberg and Bremer Bank N.A. of Minneapolis, Minnesota
5) Consideration and action on a request for tax abatement from Campbell's Soup
6) Consideration and action on a request for tax abatement from WePack Logistics
7) Consideration and action to amend the Project Hurricane incentives
8) Consideration and action on request from Spencer's Wholesale Food Distribution
9) Final approval of the PEDC audit performed by McClanahan & Holmes, LLC, for the fiscal year
ending on September 30, 2005
10) Director's Report
11 ) Chairman's Report
12) Adjournment
POSTED: FRIDAY, MARCH 3, 2006, 12:00 P.M., CITY HALL BULLETIN BOARD.
BY:
WITNESS:
.. -I
Board Minutes for the
Paris Economic Development Corporation
February 15, 2006
4:00 P.M.
Board Members
Present: Sims Norment
Glenn Bawcum
Mike Dunn
Board Members
Absent: Dick Severson
Rodney Bass
Ex-officio Members
Present: Brady Fisher
Tony Williams
Staff Present:
Gary Vest
Chad Madding
Sims Norment called the meeting to order at 4:05 p.m.
Minutes of the January, 2006 meeting were approved as presented.
The financial report was presented for the month ending January 31,2006. The
financial report was approved as presented.
Gary Vest gave his director's report. Gary took Project Hurricane's Enterprise
Fund Application to Austin. The PEDC needed to get an impact study done on
Project Hurricane to complete the application. We contacted TXU and they
agreed to pay for the study. The PEDC paid the $1,000 filling fee. The State will
now review the application and contact us in regards to an award. Gary
discussed Alexandria, Louisiana's incentive package in regards to Project
Hurricane. The project is working with Hibernia Bank on getting the financing
for the project. Project Mexico has gone to the State EDC office and will now be
called Project Verde. We answered Project Verde's RFI with the information we
gathered from their past visit. David Owens and Christi Wendell are working on
We Pack's tax abatement application for their new 200,000 SF building. Gary
passed out information about Tenaska III being bought by Direct Energy. Steve
Pearson will be staying on with Tenaska III and moving to Nacadocious, Texas.
Sara Lee is now working with the city on a waste treatment policy for handling
the waste Sara Lee produces. The meetings are going well and both sides are
PEDe Minutes
January 18, 2006
Page 2
working towards a solution. Gary is working with Mike Dunn of Campbell's and
Bobby Littlefield of TxDOT on placing a deceleration lane in front of the
Campbell's plant entrance. Kiamichi Railroad brought Project Alcohol to Paris to
look at land for a new Ethanol plant they want to build. This company has
already started on in the panhandle of Texas. Their current plant will be a
$100,000,000 project. The company will need large amounts of utilities and a
constant supply of corn for their production. AT&T will be upgrading their
equipment in Texas to provide DSL service to more rural areas. The Paris North
facility will be one of the first in the state. This will provide DSL service north of
Paris. High Speed internet will be available to anyone with in a three mile range
of the service center. There are plans in the works to also provide television
service over the same phone lines. Spencer's Wholesale Food Distribution has
filled out and application for PEDC assistance. They have outgrown their current
building on Bonham Street and they are looking for land to build a new
distribution center. We talked with them about land in the Paris Industrial Park.
The application will be placed on next months' agenda.
The chairman's report was given by Sims Norment. The PEDC Board will setup
meetings with the city council to make sure the lines of communication are open.
With no further business to come before the Board, the meeting adjourned at 4:35
p.m.
Respectfully submitted,
Chad Madding
Assistant Director