2001-12-19-PEDC - Laserfiche WebLink

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Minutes of the PEDC December 19, 2001 Page 2 conducted at this time and therefore fewer inquiries were being made. He advised that he had received eleve/a inquiries, two from the World Economic Development Alliance, six from area development, and three from plant sites and parks. Mr. Vest stated that they were trying to generate interest in the Oliver Rubber building. They have shown it twice in the last few weeks. One prospect came to him from TXU, but they did not like the building. Mr. Vest proposed the concept of building a suite for him at another location and the prospect liked that idea. This prospect is looking at nine cities and trying to decide which place would be best. The second prospect was another industry from our region and the prospect did not like the building. Mr. Vest said they were still working with Jackson Products and trying to come to an agreement. He said that Jackson Products had offered $325,000.00 for the building and Oliver Rubber had come down to $375,000.00. Mr. Vest stated that he would continue to work with them and monitor the negotiations. Jackson Products owns Flex-O-Lite and this would be a perfect site where they can truck products from Flex-O-Lite into Oliver Rubber and never have to put it on a public roadway. Mr. Vest reported that the land deal with Hydro Conduit wherein Paris Industrial Foundation assisted the company in acquiring needed land from Union Pacific Railroad had been closed. Mr. Vest said should have attended a Texas Economic Development Retreat on November 29th and 30th in Austin, but he did not go because of the situation with Campbell Soup. Mr. Vest said he had attended the East Texas Gulf Highway Association annual meeting on November 12, 2001 in Pittsburg, Texas. He reported the formation