2002-01-16-Minutes - Laserfiche WebLink

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689 Minutes of the PEDC Sanuary 16, 2002 Page 5 to develop the 144 acres that is in the Northwest Industrial Park. Mr. Vest said they were waiting fomotification from the 6th Appellate Court that they have ruled in our favor. Mr. Vest advised that as soon as they get that, they will have the squatters off, and will be able to move forward with this property. Mr. Vest told the Board that he was in a meeting with the Texas Economic Development Sales Tax Association and this organization has been the watch- dog on the sales tax legislation ind he was elected as Chairman Elect of that group. He said this would mean during the next legislative session he will be Chairman, and he wanted the Board to be aware of this and make sure it is alright with this Board. The Board felt this would be good for the Paris Economic Development Corporation. Mr. Vest advised that the Attorney General has decided that Four A Corporation can pursue retail development. Mr. Vest said in the packet there is a list of sales tax cities throughout the state and felt the Board might like to see what is out there. This list shows what the population of the community is and how much they collect. The Board discussed the 144 acre site in the Northwest Industrial Park and how it would be divided and developed. Mr. Vest said this site is good property, it is in an industrial area, and it is in the enterprise zone. Mr. Vest also told the Board that they have fifteen inventoried sites in Paris. After discussing the sale of the Oliver Rubber Plant, a motion was made by Director Fendley to allow Mr. Vest to go forward with an incentive to the prospective buyer of the Oliver Rubber Plant in order to close the deal. The motion was seconded by Director Guest and carried unanimously. President Rhodes said that the Paris Economic Development Corporation's number one priority at this time is the Oliver Rubber Plant, and number two is to get the Northwest Industrial Park land ready to develop.