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Minutes of Special Meeting PEDC <br /> October 17, 2001 <br /> Page 3 <br /> <br />zone, but that his brother was the one who researched the possibility of <br />receiving a tax abatement. Mr. Kammer told the Board that he felt this was an <br />excellent project. Mr. Karnmer said they would appreciate the PEDC <br />recommending this project to the City Council for a tax abatement. <br /> <br />Director Guest called for consideration of and action on a recommendation to <br />the City Council of the City of Paris on the tax abatement application from S.I. <br />Management, Inc., and KG Properties, LLP. <br /> <br />No motion was made and the item died for lack of a motion. <br /> <br />Mr. Vest reported that they have received eight inquiries in response to their <br />advertising campaign. Mr. Vest stated that, in light of the national economy, he <br />thought the PEDC should stop advertising until after the first of the year. Mr. <br />Vest said they were spending between 70 to 90 thousand dollars a year in <br />advertisement through the PEDC, and he felt that they were not going to get any <br />type of response from advertisement. Mr. Walters felt the PEDC should still <br />utilize the internet because people go to the internet to look for opportunities to <br />move to certain places. Mr. Vest stated that they still have annual directories <br />that the PEDC is listed in, and they will still be working with the Department of <br />Economic Development and TXU. <br /> <br />Mr. Vest said on September 28, 2001, they had a prospect visit from a company <br />that was looking at Paris, and they showed the Oliver Rubber Plant along with <br />a number of sites. He said the company is a relatively small operation requiring <br />only thirty thousand square feet, and would employ approximately 35 <br />employees. Mr. Vest advised that they made a proposal for a "build to suit" <br />project, and they are considering that possibility at this time. <br /> <br />Mr. Vest advised that they do have a company that has made an offer on the <br />Oliver Building. The offer was rejected by Cooper Tire, but he is hoping that <br />they will get back together. <br /> <br />Mr. Vest told the Board that the Texas Economic Development Council had <br /> <br /> <br />