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Minutes of the PEDC <br />January 16, 2002 <br />Page 5 <br />the property as to how they might bring infrastructure in and subdivide the <br />property. Mr. Vest said several years ago, this Board gave $60,000.00 to <br />purchase land from the Industrial Foundation with the stipulation that the <br />money would be used to develop the 144 acres that is in the Northwest <br />Industrial Park. Mr. Vest said they were waiting fornotification from the 6tn <br />Appellate Court that they have ruled in our favor. Mr. Vest advised that as <br />soon as they get that, they will have the squatters off, and will be able to <br />move forward with this property. <br />Mr. Vest told the Board that he was in a meeting with the Texas Economic <br />Development Sales Tax Association and this organization has been the <br />watch-dog on the sales tax legislation and he was elected as Chairman Elect <br />of that group. He said this would mean during the next legislative session <br />he will be Chairman, and he wanted the Board to be aware of this and make <br />sure it is alright with this Board. The Board felt this would be good for the <br />Paris Economic Development Corporation. Mr. Vest advised that the <br />Attorney General has decided that Four A Corporation can pursue retail <br />development. <br />Mr. Vest said in the packet there is a list of sales tax cities throughout the <br />state and felt the Board might like to see what is out there. This list shows <br />what the population of the community is and how much they collect. <br />The Board discussed the 144 acre site in the Northwest Industrial Park and <br />how it would be divided and developed. Mr. Vest said this site is good <br />property, it is in an industrial area, and it is in the enterprise zone. Mr. Vest <br />also told the Board that they have fifteen inventoried sites in Paris. <br />After discussing the sale of the Oliver Rubber Plant, a motion was made by <br />Director Fendley to allow Mr. Vest to go forward with an incentive to the <br />prospective buyer of the Oliver Rubber Plant in order to close the deal. The <br />motion was seconded by Director Guest and carried unanimously. <br />