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t95/.©7a;;·zmazÒ·; WÒ; r tm; E who have relocated to Texas have located to a preexisting building. Our building will be ready to market and the industry can develop the inside the way they want it. Mr. Trenado asked “Why did you build the Industrial Park years ago? I thought this is where we wanted to go there. If you’re bringing this up right now where were you at years ago when you built this park out here for that? It was my understanding that’s what PEDC wanted and that’s what we were going for and all of the sudden we get here and we got all this money.” Mr. Wilson stated that back in 2000 there were more Greenfield Projects than projects looking for existing buildings. Mr. Trenado said “So over the years PEDC just let that run down didn’t take care of it, so is that what you’re saying?” Mr. Paris stated that the Industrial Park is not run down at all. Mr. Wilson answered that we are mowing and taking care of the Industrial Park; and asked Mr. Trenado to go out there and take a look at it. The PEDC is still working on leads that come in, in fact we just offered land in the Industrial Park to a lead but the PEDC did not make the final cut in the process. Mr. Trenado asked “All you’re going to give is just an empty building, is that right?” The answer given to Mr. Trenado was that the building will be in the dry, ready to be built out in 90 to 120 days; the industry can build it out the way they want to. The reason that this building is so great; they will only need to do the buildout. Most buildings need to be modified which takes more time and runs into more problems. Mr. Paris wanted to make everyone aware that we want to be business friendly and letting the customer design the inside of the building is doing just that. Mr. Manning offered up how he had changed his mind after attending the TEDC seminars. He saw how beneficial it was to have a spec building. It is a continuation of our Industrial Park. The people of Paris will benefit from this. We receive RFPs from the state with criteria for companies that want to relocate to Texas and having a spec building will give us a better chance at having companies take a look at us. Mr. Banks stated that the expense of constructing a spec building at the Industrial Park would have been hundreds of thousands of dollars more than the building we currently have. After all the PEDC Board Members were very forthcoming, Mr. Trenado stated “I think one thing the citizens are looking at too is you know we’ve lost a lot of money. The PEDC has. Where’s this twenty million dollars?” Mr. Wilson let Mr. Trenado know that every penny has been accounted for. Mr. Trenado asked if he was willing to let the Texas Comptroller investigate. Mr. Wilson replied back that he could bring anyone in to audit. The PEDC has had certified audits every year. At the end of the discussion of the 2305 NW Loop 286 Property, Mr. Wilson told the Board that we needed to plat the property and also have new survey drawings made in the next 30 days. Discuss and possibly approve a Lead Generation company to work with us finding industries that are a good match to Paris, Texas. Mr. Paris started out by saying we do get leads from the state, but we need to start redeveloping our pipeline. Three companies submitted proposals: Expansion Solutions, Target Industry Prospects, and ROI. Expansion Solutions is primarily a magazine, but they will help with a few leads. The cost of the package is $10,500. This is the traditional or passive style of advertising where you wait for the phone to ring. Target Industry Prospects connect you with consultants in metro areas like Chicago, New York, Phoenix, Las Vegas, Dallas, cities in California. Sulphur Springs uses this company to find prospects. The cost is $6000 per event where you are set up to meet with prospects. Drawback, other EDCs are meeting with the same prospects. You pay for the cost of the event plus the cost of the