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796 <br /> <br />proposal on either one of those because we did not meet the criteria that the <br />prospect identified. <br /> <br />Mr. Vest presented a copy of a full color tri-fold brochure that he has been <br />working on regarding the airport. He said it should be finished in a few weeks. <br /> <br />Mr. Vest advised that he, Curtis Fendley, and Dick Amis had a meeting in <br />Dallas with Eldon Fulgham and Dave Hickerson with Paris Packaging. He said <br />the reason for the meeting was to talk about refinancing the four million dollar <br />bond issue that PEDC has with Paris Packaging. Gene Anderson also met with <br />them regarding the bonds. Mr. Vest advised that they cannot do anything on the <br />bonds until the year 2008. At that point in time, the bonds could be paid off. <br />The bonds cannot be paid off early. They are looking at possibly expanding <br />Paris Packaging by adding equipment. Mr. Vest advised that they may need the <br />PEDC's help with some financing if they get some new accounts. They have <br />two possible accounts that they are getting at this time. If they get one, they are <br />going to need about $700,000.00. Mr. Vest proposed to Paris Packaging that <br />the PEDC do a bank guaranty and use a local bank. Mr. Vest said that if they <br />get the other account, it is going to be about two million. Mr. Vest told them <br />if they got into that situation to bring him a proposal telling him what they <br />wanted and what the job impact will be. <br /> <br />Mr. Vest advised the Board that he talked with Dwayne Burch at Silgan and <br />they have added more equipment and with the new equipment being added they <br />are having to get a new air permit from TNRCC, so we may need to help them <br />out. Mr. Vest volunteered Mayor Pfiester and himself to go with the Silgan <br />people to Austin to meet with TNRCC. <br /> <br /> Mr. Vest reported that they had a new ad in Outlook Magazine and passed it <br /> around so the Board could see it. <br /> <br /> President Guest said the PEDC might have missed a good opportunity to hop on <br /> Dell's coattails on their big campaign where they are giving away $50,000.00 <br /> <br /> <br />