04-E PEDC Min 10-20-04.wpd - Laserfiche WebLink

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Paris Economic Development Corporation October 20, 2004 Page 2 indecisive at this time, they were still working with them. He said there was a project brought to them by Bandera Ventures, a Service Center, and this would be discussed in Executive Session. He said on the Helicopter Center, Air Evac, they had a meeting with them and representative of the hospital, City, Chamber and EMS. He said that was moving ahead and if every thing goes well, they will probably be in Paris in February. Mr. Vest said Project Sierra is a proposal being handled by the Pathfinders Consultant Group. He said this was a plastic manufacturing operation who would initially need 100,000 square feet and would later expand to 400,000 square feet. He said they are working with a real estate company in Dallas on another project. He said although he didn’t know anything about what the company did, Paris was in the running for this company. Mr. Vest mentioned there was a Distribution Center they were working on with CAC Commercial Realty. He said he had two companies contact him about housing projects, also, and both are looking seriously at Paris. He related that Chad Manning had just finished his first cost of living survey. Mr. Vest said the Industrial Park was nearly finished and he estimated they would receive about $15,000.00-$20,000.00 in liquidated damages. He mentioned that Hearne Street was nearly finished, also. A discussion of the delays in the Industrial Park ensued. Mr. Vest advised that most of the concrete pours failed the “slump” test, but the “breakage” tests came in good, with only one failing that. He said that sometimes when concrete doesn’t pass a “breakage” test, they do a test thirty days later and it would probably pass then. Mr. Vest said the holdup on the Hearne Street Project was because they had to move a gas line and the hole they made for that is full of water right now.