05 - Boards and Commissions - Minutes

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PEDC Board Meeting Minutes May 25, 2018 Page 3 of 4 closedWe on • 1 Superiorproperty. working• Phase II of project. 1 formerownermonthsr get the materials 11 inside recapturethe building. We are looking into selling the metal in the building before demolition, so we can some of our StoneAfter we received approval from the Board to sell the generator and the building at the old Oliver Robber building, we will receive $3,500.00 for the generator and $ 1,000.00 for th4 I-bearn in the structure. Frankie Norwood will receive a portion for selling both items for r :r us that1 $5,000.00 in escrow.# PEDC and International Truck were negotiating on property in the NW Business Park. They put down an option on the property and never followed through. We visited with Huhtamaki. They have 259 employees at the moment. The Plant Manager, Adam Routon, brought in his Regional Director, Steven Dandy, from Mississippi. They are looking at a possible expansion and we are going to see how we can help thern. The Plastics Show was in Orlando, Florida this month. There were eight EDCs that participated with Oncor manning the booth. The show was not as productive as previous shows and one reason was where the Oncor booth was located. Only forty to fifty names were collectedat the show. For prospect ,_ projectf r 1, on the Southwest Loop. It looks promising since we are one of three communities vying for the project. • Someone is interested in putting a flight school at Cox Field. We are doing a survey on air travel, but were hoping for more results. Convene into Executive Session: Section 551.087; Deliberation of Economic Development Negotiations to deliberate Commercial and Financial Information and Economic Incentives relating to the following: Commercial real-estate development, • American SpiralWeld Pipe Reconvene in o Session e c oIOIitem Soi discussed Executive , Session.