2003-04-16-Minutes - Laserfiche WebLink

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Mr. Vest said.they were looking for a temporary place where they can set up shop and start operating while they build a building in the Northwest Industrial park, but they need about a 50 thousand square foot building. They are looking for a one year lease. They looked at the K-Mart Building and the lease on it was $300,000.00, which was too much. They also looked at the Foxworth Building. They have found a building that they think will work and is owned by Chip Harper and it is located behind Rocking W BBQ. Mr. Vest said it has about 30 Thousand square feet and they felt it could work and the cost would be $60,000.00 for a year's lease. Mr. Vest informed the Board that Mr. Meshbesher has a national sales force and they go out and sell these systems to companies and he hopes to have 200 employees by the first of the second year. Director Fendley questioned why Mr. Meshbesher needed $1.5 million on hand. Mr. Roddy advised that is because of the large amount of inventory that is needed to be kept on hand. Director Fendley asked if the PEDC could take out a lien on the inventory, and it was the general consensus of the Board that they could. Mr. Vest said he called Mr. Meshbesher about some of the Board Members who might go up to Minnesota and look at his operation. They posed that question to him and they will pick them up and it will only be about 15 minutes to their plant, spend the day or night whatever they wished to do. Mr. Vest felt that it is something they should do before they take action. It was the Board's consensus to check out his current operation in Minnesota. Mr. Walters advised that he had talked with Mr. Meshbesher and they were expecting some of the PEDC Board Members to visit his operations. Mr. Walters stated that he thought Paris Junior College could get the money from the state to help them do the training.. Mr. Walters said you are going to have people at different levels. He also told Mr. Meshbesher about the MHMR and stated that MHMR clients could do packaging for that company. Mr. Walters said Mr. Meshbesher was very high on the City of Paris and he had talked to Campbell Soup and Kimberly-Clark and they were very complimentary of the workforce that the community has.