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701 <br /> <br /> <br /> A motion was made by Director Wall, seconded by Director Fendley, for <br /> approval of the Financial Report as presented. The motion carried unanimously. <br /> <br /> President Rhodes requested that the Audit Report be placed on next month's <br /> agenda for approval by resolution. <br /> <br /> President Rhodes called for the Director's report. <br /> <br /> Gary Vest, Executive Director, reported that inquires from advertisement have <br /> been thin. There were three requests since the last meeting. There were two <br /> inquires that were generated from the trade shows that they have been working. <br /> <br /> They have been trying to work with the Department of Economic Development. <br /> on two prospects. No progress has been made with the dog food manufacturer. <br /> The PEDC has probably been eliminated in the other prospect, an RV <br /> manufacturer. <br /> <br /> Mr. Vest advised that he did deliver the incentive payment to Turner <br /> International Piping after the last meeting. He reported that they have added <br /> 30,000 square feet to the plant and installed two pipe bending machines. This <br /> represents approximately a three and one-half million dollar expenditure for <br /> improvements to their plant. <br /> <br /> He reported that Eric Roddy attended the Economic Development Institute in <br /> San Diego April 1, 2002, .through April 7, 2002, and picked up new and good <br /> information. <br /> <br /> Mr. Vest said he had a meeting with Bill Ratliffon April. 15, 2002, to talk about <br /> economic development issues. Mr. Vest Said that the Paris PEDC has been kept <br /> clean and has followed the letter of the law, but he is finding out that a lot of <br /> cities have not followed the law and are really getting out of hand. Mr. Vest told <br /> the Board that this has the attention of the legislators and that a number of them <br /> <br /> <br />