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54 <br /> <br /> <br /> <br /> Chairman Cecil said the next agenda item was consideration of <br /> membership in the Texas Marketing Team. Mr. Cecil said he had <br /> asked Mr. Vest to make a presentation in connection with this, <br /> and the Board will take whatever action is necessary. Mr. Vest <br /> said the letter being passed out was from the John Prickette, <br /> Manager of the Economic Development Department at Texas <br /> Utilities, as well as chairman of the Texas Marketing Team. <br /> Mr. Vest said the Texas Marketing Team is a group that was <br /> formed by several communities in an effort to promote Texas for <br /> industrial location purposes. He said the main function of the <br /> Marketing Team is to host a hospitality suite or reception for <br /> the Industrial Research. Council which meets twice a year. He <br /> said this is a good opportunity for people as economic <br /> development professionals to have contacts with these Fortune <br /> 500 companies. He said he felt this was a good opportunity to <br /> show allies that the Board is serious about prospect <br /> development, and for these reasons he felt the Board should be <br /> a member. He said the Fall meeting will be in Dallas on <br /> November 5, thru November 9, and they are expecting 2,500 <br /> representatives at this meeting. He said usually the Spring <br /> meeting is smaller. He said for budgeting purposes he felt <br /> the Board could accomplish all that is needed by making the big <br /> meeting in the Fall. He said he is requesting the Board to <br /> fund us to be a member of the Texas Marketing Team, and allow <br /> him to participate in these functions. <br /> <br /> Chairman Cecil questioned Mr. Vest as to the cost. Mr. Vest <br /> said the cost is $2,000.00 per year, but since we did not join <br /> at the beginning of the year and did not attend the first <br /> session, then the amount would only be $1,500.00 to participate <br /> in the Dallas meeting. Mr. Cecil said he felt this was a <br /> valuable tool in building relationships in the industrial <br /> development area. He said if the Board agrees then this <br /> expenditure would be a legitimate expenditure since it is <br /> promotional in nature. Board member Fendley made a motion, <br /> seconded by Board member Barney Bray, that membership in the <br /> Texas Marketing Team be approved, which carried unanimously. <br /> <br /> Chairman Cecil stated the next item on the agenda was the <br /> Economic Development Director's Activity report, and he opened <br /> it up to Mr. Vest. Mr. Vest reported that the prospect they <br /> were working with through the J.M. Mullis Company has developed <br /> a short list that we were not on and for all practical purposes <br /> this Project is dead at this time. He said he expects to <br /> present a couple of other projects to the Board at the next <br /> meeting. <br /> <br /> Chairman Cecil asked if there was any other business and there <br /> being none he declared the board meeting adjourned. <br /> <br /> CHAIRMAN PHILIP R. CECIL <br /> <br /> ATTEST: <br /> <br /> ASSISTANT CITY CLERK, BARBARA DENNY <br /> <br /> <br />