06 - MINUTES FROM VARIOUS BOARDS, COMMISSIONS, AND COMMITTEES

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PEDC Board Meeting Minutes July 21, 2016 Page 5 of 6 Mr. Banks left the meeting at 5:15 p.m. Executive Director's Monthly Report. • Airport: Representatives from the Chamber of Commerce, the City Council, the Airport Board and the PEDC met to discuss Cox Field. Our thanks go to Mr. Stout who did the research and put a lot of information together for us. We need to review our lease rates and the airport's assets so we can start to promote them. What we are finding is that our airport has no presence. The airport is an asset, but right now there is no reinvestment back into the airport. Also, the PEDC should look into marketing some of the space at the airport as industrial space. • Website and Data: Mr. Stout has been working diligently to update our economic data. The IEDC (International Economic Development Council) has a large spreadsheet with the questions and information that site selectors want to know when looking at communities to match with an industry's needs. Mr. Stout has been able to populate the RFPs that we get from the Governor's Office with the data that he has updated. Mr. Stout has been looking at websites to see what we need to change and he found that the PEDC is shown on the City of Paris as part of the Chamber of Commerce and the Chamber is listed at two addresses. Select USA: Mr. Paris stated that he has been working on six prospects from the Select USA Conference in Washington, DC. This week 170 leads came in from the conference; 13 EDCs with TEAM Texas have the list, but it's a great start to get the PEDC building connections. IFT (International Food & Trade Show) The IFT was in Chicago, IL. Mr. Paris said "I found out at this trade show the future is in cricket protein ". We were 1 of 10 entities that went with TEAM Texas. We thought it would be mainly about manufacturing, but the companies were also looking warehouse and distribution space for goods. Mr. Manning and I conducted PEDC orientation with both Derrick Hughes (New PEDC Board Member) and Billy Trenado (New City Council Liaison) a few weeks ago. We also invited both of them to go to the next Tax Seminar sometime in September. DEBT SERVICE PEDC Bonds 1998 (Paris Pk g.) 354,011.00 The Bank of New York Bond Paying Agent Fee 750.00 TOTAL DEBT SERVICE 354 761.00 CAPITAL EXPENSES 0057 2305 NW Loop 286 TOTAL CAPITAL EXPENSES - TOTAL DEBT CAPITAL & INCENTIVES 711,132.00 TOTAL BUDGET EXPENSES 19135,708.00 Mr. Banks left the meeting at 5:15 p.m. Executive Director's Monthly Report. • Airport: Representatives from the Chamber of Commerce, the City Council, the Airport Board and the PEDC met to discuss Cox Field. Our thanks go to Mr. Stout who did the research and put a lot of information together for us. We need to review our lease rates and the airport's assets so we can start to promote them. What we are finding is that our airport has no presence. The airport is an asset, but right now there is no reinvestment back into the airport. Also, the PEDC should look into marketing some of the space at the airport as industrial space. • Website and Data: Mr. Stout has been working diligently to update our economic data. The IEDC (International Economic Development Council) has a large spreadsheet with the questions and information that site selectors want to know when looking at communities to match with an industry's needs. Mr. Stout has been able to populate the RFPs that we get from the Governor's Office with the data that he has updated. Mr. Stout has been looking at websites to see what we need to change and he found that the PEDC is shown on the City of Paris as part of the Chamber of Commerce and the Chamber is listed at two addresses. Select USA: Mr. Paris stated that he has been working on six prospects from the Select USA Conference in Washington, DC. This week 170 leads came in from the conference; 13 EDCs with TEAM Texas have the list, but it's a great start to get the PEDC building connections. IFT (International Food & Trade Show) The IFT was in Chicago, IL. Mr. Paris said "I found out at this trade show the future is in cricket protein ". We were 1 of 10 entities that went with TEAM Texas. We thought it would be mainly about manufacturing, but the companies were also looking warehouse and distribution space for goods. Mr. Manning and I conducted PEDC orientation with both Derrick Hughes (New PEDC Board Member) and Billy Trenado (New City Council Liaison) a few weeks ago. We also invited both of them to go to the next Tax Seminar sometime in September.