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Minutes of the PEDC <br />January 16, 2002 <br />Page 2 <br />responses for last year, they had 263 responses to their advertisements, <br />which was up fifteen percent over the year 2000. There were five actual <br />prospect visits. <br />Mr. Vest reported that the Paris Economic Development Corporation was <br />able to get the Chapman Revolving Loan Fund for SEASCO. This enabled <br />SEASCO to add a new dryer and building to their facility, and they merged <br />with other investors and became Sesame Solutions. <br />Mr. Vest advised the Board that Paris Packaging, to Mr. Walters credit, <br />received a$289,000.00 grant from the Skills Development fund, because <br />Paris Junior College is doing all the training for this company. <br />Mr. Vest said the bad thing that happened last year was the closing of the <br />Oliver Rubber Plant. Mr. Vest presented the Board with a brochure <br />promoting the Oliver Rubber Plant's building. Mr. Vest told the Board that <br />they are still working with Jackson Products to try to close the deal with <br />Cooper Tire and he has been hesitant to offer any type incentive until they <br />receive the best deal they can get because if the Paris Economic <br />Development Corporation gives an incentive to close on the deal, it will <br />eventually be received by Cooper Tire. <br />Mr. Vest informed the Board that Earth Grains was acquired by Sara Lee, <br />which is very important, but at this time, there has been no effect on the <br />plant. He said they were working on an expansion to the plant. Mr. Vest <br />said he, Mike Graxiola, City Manager Malone, Mayor Pfiester, and Mike <br />Rhodes are going to meet with several of the Sara Lee's representatives in <br />the morning. <br />Mr. Vest said the Land acquisition for the Hydro Conduit from Union Pacific <br />property that the Paris Economic Development Corporation worked through <br />the Paris Industrial Foundation was another maj or protect. <br />