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327 <br /> <br /> PAGE 2 OF 2 <br /> <br /> 1) OUR ADVERTISING PERSONNEL WILL PHOTOGRAPH THE EQUIPMENT,, <br /> PREPARE DETAILED DESCRIPTIONS AND ASSEMBLE OTHER PERTINENT <br /> INFORMATON FOR AUCTION BROCHURES, ADVERTISING, AND DIRECT <br /> PHONE SOLICTING. <br /> <br /> 2) THE ADVERTISING CAMPAIGN WILL INCLUDE BROCHURES TO BE <br /> MAILED TO POTENTIAL CUSTOMERS, AD PLACEMENTS IN TRADE <br /> JOURNALS, NEWSPAPERS, AND OTHER APPLICABLE PUBLICATIONS. <br /> <br /> 3) IRS WILL SUPPLY RING MEN, AND OTHER SUPPORT PERSONNEL ON <br /> AUCTION DAY. <br /> <br /> 4) IRS WILL COLLECT AUCTION PROCEEDS AND APPLICABLE SALES TAX, <br /> AND PAY SELLER THE BALANCE DUE WITHIN 10 BUSINESS DAYS OF THE <br /> SALE. <br /> <br /> 5) IRS WILL NAME SELLER UNDER ITS' $2.000,000.00 LIABILITY POLICY. <br /> <br /> SELLER REPRESENTS THE TITLE TO ALL PROPERTY SHALL PASS TO <br /> SUCCESSFUL BIDDER FREE AND CLEAR OF ALL LIENS AND <br /> ENCUMBRANCES WHATSOEVER, INCLUDING, WITHOUT LIMITATIONS, <br /> SECURITY INTEREST, TAX LIENS, OR CHARGES, BONDHOLDERS I.IENS, <br /> STATUTORY LIENS OF EVERY KINDS, LEASEHOLDER INTEREST AND LIEN <br /> OF ANY.JUDGMENT OR DECREE. <br /> <br /> IT IS UNDERSTOOD THAT THE RENT AND UTILITIES AT THE SALE SITE <br /> WILL BE PAID BY THE SELLER UNTIL THE COMPLETE REMOVAL OF THE <br /> ASSETS. IRS WILL NOT BE RESPONSIBLE FOR ANY HAZARDOUS OR TOXIC <br /> WASTE, IF ANY, LIES WITH SELLER AND NOT IRS. IRS IS ACTING ONLY AS <br /> AN AGENT AND SHALL ASSUME NO RESPONSIBILITY FOR THE HANDLING <br /> OR DISPOSAL OF SAME. <br /> <br /> JOHN HENRY CURTIS FENDLEY, PRESIDENT <br /> INVESTMENT RECOVERY SERVICES PARIS ECONOMIC DEVELOPMENT <br /> CORPORATION <br /> DATE 5-13-98 DATE JUNE 10, 1998 <br /> <br /> City Attorney Scott Foster read the resolution. <br /> <br /> Boardmember Dick Amis made a motion, seconded by Boardmember Leon <br /> Williams that this resolution be adopted, and the Board voted unanimously to <br /> adopt the resolution. <br /> <br /> President Fendley stated the next item on the agenda was approving the Annual <br /> Plan of Work for fiscal year 199811999. He asked Mr. Vest to discuss this item. <br /> Mr. Vest read the Summary of the Annual Plan of Work and discussed changes. <br /> <br /> <br />