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106 Mr. Cecil stated that the first item on the agenda was approval of the minutes from the previous meeting of the Paris Economic Development Corporation. He asked if there were any corrections or additions to the minutes of the previous meeting, and there being none ,Boardmember Dick Amis made a motion, seconded by Boardmember Curtis Fendley, that the minutes be approved as presented, which carried unanimously. President Cecil noted that Mr. Anderson was not present to give the financial report but the Board had been provided with copies of the report. Boardmember Fendley made a motion which was seconded by Boardmember Barney Bray, to approve the financial report as presented which carried unanimously. President Cecil asked Mr. Vest to make his report. Mr. Vest advised that there had been good prospect activity since the last meeting. He said that he had some prospects through Lone Star Gas and T. U. Electric and either one of these would be good possible tenants if we had a model building. Mr. Vest stated in connection with the State Legislature, there are currently eighteen bills pending that effect the economic development sales organization. He said one is by Representative Tom Ramsey in Mt. Vernon which would be a very detrimental bill to us. He said it would do away with 4A status corporations as we know them and make all corporations 4B. He said that Senator Ratliff had introduced Senate Bill 1642, which will do away with all 4B corporations and make them all 4A. Mr. Vest advised that Senator Ratliff's bill was passed out of committee the day before, and that Representative Ramsey's bill was still in committee. Mr. Vest said he had been working on a logo for the Corporation in order to develop some letterhead. He passed around some samples for the Board to review. He said he liked the phrase "building today for a better tomorrow", and he thought that they might like to use this in some of their materials. He said he would like to have some feedback, so they could move ahead on the logo. President Cecil said that the City Engineer, Earl Smith, was present to update the Board on the model building and the improvements to Industrial Drive. Mr. Smith stated at this time, he had no progress to report on the model building. He said he was still comfortable with his cost estimate at this time, but he has not made any progress in connection with design. President Cecil said that when a design is developed, it should be brought back to this Board for approval of the design and then move forward at that point. Mr. Smith said in connection with the street, he had contacted a contractor and this is going to be one of those things that will have to wait on the weather to proceed. Mr. Smith said he still felt the $25,000.00 would be enough to accomplish the work. City Attorney Haynes advised that the President had asked that these projects be left on the agenda each time, in case there is information to report. President Cecil asked Mr. Amis to give his report regarding purchase from the Paris Industrial Foundation. Mr. Amis stated that the appraisal of the property has been contracted with Pat Murphy and Associates and on the survey, they had contracted with Nelson Survey. He said hopefully by the next meeting, both items will be completed. President Cecil said in connection with Agenda Item No. 7 when the survey and the appraisal are completed, they will fill in the resolution with those numbers and approve that resolution by passing it around.