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(31'(3e tor ihc elcctrical and telephonc. <br />1 Iearne Street, which is the entrance into Rogers & Wade, he mentioncc1 is Onc <br />ofthc big projects they havc been worl<ing on for some time. I le said the streel <br />was cut and the fiuel tanl< they found has been tal<en care of'propcrly. <br />In the executive summary, Mr. Vest called their attention to the uncmplOymcnt <br />rate at 5.9%, which is the lowest its been in quite somc time. IIe iilclicatcd that <br />thc tax rcvcnuc 11ad stabilized ai1d is moving in a positive dircction. I Ic saici <br />thcy havc had livc (5) months of' incrcase, and although it has bccn agrcat <br />incrcasc, it is an Upward ti-cnd which is an indication o1' the cconomy <br />S11-CllgthClllllg. <br />Mr. Vest speculated that in 2005, the unemployment rate will continue to <br />decline and the sales tax will improve. He said the [ildustrial Narl< is moving <br />alonp, wcll and thcy expect Phase 1 to be finished by the cnd ot'thc summcr. 1 Ic <br />citeci thc cooperative efifort with the City of Paris has fiacilitatccl this. l Ic statcd <br />that ("-'I,cch was rcady to start construction in the Industrial Parl<. I Ic saici t11c <br />builciing will bc about 60,000 square feet, which will be the lirst builciint" to go <br />ull in the [ndustrial Pai-I<. <br />Mr. Vest [orecasted that the PEDC will place much of their markcting and <br />aclvertising cmphasis on the Industrial Parl< in the coming year. I Ic mcntioiied <br />hc would lil<e lor Phase I to fill up, then there will be a need to start Phasc ll in <br />2005. I Ic also said the Hcarne Strcet project will be linished by the cnci ol'thc <br />summcr. <br />I lc emphasizeci that transportation continued to be a big goal f-or NLl)('. IIc <br />calleci their attention to Goal #4 in the Program of Worl<, which is to partncr <br />with 'I'xl)O"l' to complete the Southwest Loop, which turns into two-lane just <br />past Kimhcrly ('larl< at Highway 137. I Ie con[essed that part of thc holcl up was <br />duc te> hc and [)on Wall not wanting to tal<e up the railroad tracl<. l lc citc(i thc <br />propcrty as bcing an outstanding sitc, having great loop acccss ancl gc>uc1 g;as anci <br />clccti-ic scrvice on site and also the i-ail access. He explained that "I'x[)OT <br />wantcd tO tal<c out the overpass and bring the loop down to grade and talcc out <br />the railroad tracl<s. PEDC asked them not to do that. He sugbestcci that l'l:l)(' <br />