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125 <br /> <br /> <br /> President Cecil stated that the next item on the agenda was <br /> approval of the minutes from the previous meeting of the Paris <br /> Economic Development Corporation. He asked if there were any <br /> corrections or additions to the minutes of the previous <br /> meeting, and there being none the minutes stood approved as <br /> presented. <br /> <br /> President Cecil asked Gene Anderson to give the financial <br /> report. Mr. Anderson gave the report. President Cecil called <br /> for questions and there being none, Boardmember Amis made a <br /> motion which was seconded by Boardmember Curtis Fendley, to <br /> approve the financial report as presented which carried <br /> unanimously. <br /> <br /> President Cecil stated that he did not have a report to give at <br /> this time. <br /> <br /> President Cecil asked Mr.Vest to make his report. Mr. Vest <br /> said based on advertising that they had received a total of 36 <br /> inquiries since the last meeting. He said they had one <br /> prospect from Lone Star Gas. He said they had one industrial <br /> visitation this past month to Rodgers Wade and he was trying to <br /> schedule Oliver Rubber for next month. <br /> <br /> Mr. Vest stated in summary of legislative action taken during <br /> this session which related to economic development, all of the <br /> items failed. He said the tax abatement authorization and the <br /> enterprise zone were extended by the legislature. He said <br /> legislation was also introduced and passed to deregulate <br /> intrastate rates which brought us into compliance with a <br /> federal mandate. <br /> <br /> President Cecil asked the City Engineer to give the projects <br /> report. Mr. Smith stated he had no progress to report at this <br /> time on the model building project or the improvement to <br /> Industrial Drive. He said once they begin work on Industrial <br /> Drive, it should not take any longer than a couple of weeks to <br /> complete. <br /> <br /> President Cecil asked Mr. Amis to give his report regarding the <br /> purchase from the Paris Industrial Foundation. Mr. Amis said <br /> they were continuing to study the property and have not moved <br /> forward with anything at this time. <br /> <br /> President Cecil stated that the bylaws dictate that the Board <br /> has an Annual Plan of Work and the Board had asked Mr. Vest to <br /> develop the 1995/1996 Plan. He said he had added the overall <br /> economic development program to the Plan of Work for <br /> 1995/1996. He said the Plan of Work involves the process of <br /> establishing goals and objectives, concentrating on limited <br /> issues, developing general policy recommendations and <br /> implementing specific actions. He said under the long term <br /> goals and overall economic deve!epment plan, there are four <br /> things specified which are: the retention and expansion of <br /> existing industry, the marketing of Paris to recruit new <br /> industry, the development of the community's infrastructure to <br /> support industry, and the development of public sentiment and <br /> support for the projects of the Paris Economic Development <br /> Corporation. <br /> <br /> Mr. Vest said in the Amnual Plan of Work they have four major <br /> goals (1) Public Relations, (2) Recruitment/Marketing <br /> Materials, (3) Recruitment/Retention and Expansion, and (4) <br /> Community Development. He noted and discussed the changes and <br /> actions that have been added to the Annual Plan of Work of <br /> 1995/1996. He said the Annual Plan of Work will basically <br /> continue, but have the flexibility each year to be adapted to <br /> the needs of the community. <br /> <br /> <br />