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Paris Economic Development Corp. <br /> July 23, 2003 <br /> Page 4 <br /> <br /> Mr. Vest said they previously had a good prospect for the Oliver Rubber <br /> building with the parent company of Flex-O-Lite. The prospect had dropped <br /> when negotiations with the parent company ended. He and Eric went out and <br /> met with the plant manager about three weeks ago and it did not look good. <br /> They tried to get him to reopen negotiations. He reported that Rett Hogan from <br /> Cooper Tire called today and told them that they were talking again. <br /> <br />Mr. Vest said that Eric was in Chicago the week of June 23 through 27, 2003, <br />for the National Plastic Exposition. He said they did that show in conjunction <br />-with the Texas Economic Development Corporation and this is the first time <br />they had ever worked with them on a Trade Show. Mr. Vest said that Eric was <br />pleased with the show and he was following up on seventy-three leads. <br /> <br />Mr. Vest said last week he was at a TEDC meeting in Houston and they had a <br />good meeting. He advised that he will be the new Chairman of the Texas <br />Economic Development Sales Tax Association starting in September. <br /> <br />Mr. Vest said that he and Eric will be having lunch tomorrow with Madhu <br />Khanna, who is the new Plant Manager with Philips Lighting. She is from <br />India. Mr. Vest invited the Board Members to join them and meet with Ms. <br />Khanna. President Wall said he received a report today that Philip's was <br />moving this plant to Mexico. Mr. Vest advised that Philip's was down to <br />seventy-two employees, but he was hopeful that Madhu will be able to help <br />them. <br /> <br />Mr. Vest stated that the plans for Paris Industrial Park - Phase I were available <br />for review by the Board members. He said they met with the engineers on <br />Tuesday. They were looking at the hydraulics and where they were going to put <br />drainage structures on the site. He said they are going to have a detention pond <br />and a retention pond in the Industrial Park and that is really all they lack as far <br />as the plans. Then they will go in and ask for the permits. Mr. Vest said they <br />advised that they should be ready to go out for bids in two to three weeks for the <br />streets, water and sewer, etc. Mr. Vest advised that the goal is to complete that <br /> <br /> <br />