02/15/2018 Minutes - Laserfiche WebLink

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t95/ .ƚğƩķ aĻĻƷźƓŭ aźƓǒƷĻƭ CĻĬƩǒğƩǤ ЊЎͲ ЋЉЊБ tğŭĻ Ќ ƚŅ Ѝ communities to benefit from foreign investment without us taking advantage of this opportunity. Mr. Mr. Paris reminded everyone that even though the Hannover Messe conference is 30% of the Marketing budget we are not using the total amount that we could use. We have accumulated approximately $300,000 in marketing funds. Mr. Manning asked about the $8,000.00 registration expense and was told it included hotel and travel expense within Germany. Mr. Hughes stated that reminded the Board there were no guarantees on the number of prospects we receive at any conference. The Board asked Mr. Paris for more information at the next meeting. The staff met a couple of weeks ago with the subject being productivity. We plan to follow up leads with the Sales Funnel. J Skinner has met the first phase of their performance agreement. We reviewed the ADP report and the Workforce report and they have exceeded the 55 new employees by 12 to 70 new employees. J Skinner documented 203 full-time employees. In the next six months they will need to retain these jobs and meet their performance agreement before the $400,000 will be paid. lized their paperwork and a check for the forgivable loan is being processed. The promissory note is for $400,000. Potters Industries was required to maintain their workforce of 23 full-time employees and to add 10 extra full-time employees by December 31, 2017. We received documents from them showing a total of 43 full-time employees at the end of the year. The final payment of $8,000 is being processed for Potters. Paris Lakes contract is being reviewed in anticipation of the final date on the contract, May 31, 2018. We are asking for clear information on the guarantee of the loan for HWH. A letter asking for documentation of the loan was mailed to HWH. The ag company is being talked to about the rail spur we gave to them. We sent a letter asking that the rail spur be cleaned up. American Spiralweld application for the Texas Enterprise Fund has passed its due diligence through the Department of Economic Development and Tourism. It is now in front of the Governor, Lieutenant Governor and the Speaker of the House. The 30 day review process has started and a 14 day extension can be filed to complete the review. We are looking at Paris leadership traveling to Austin to support the application. If American Spiralweld chooses Paris, they will be building on the southern part of the Business Park. The PEDC will be doing Phase II cleanup on old Superior Switch and Oliver Rubber properties. Mr. Banks asked what the testing of the soil showed. Mr. Paris said the primary element is barium and our first goal will be to remove the barium around the rail spur. GHD advised us that it could take up to a year to clean up the property. Berg Oliver did the wetlands study and the wetland can be remediated very quickly.