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Paris Economic Development Corporation <br />April 17, 2002 <br />Page 3 <br />of the economic development sales taY or stricter regulation of how it is <br />expended. Mr. Vest said that Mark Homer is going to reintroduce a bill that he <br />has introduced before that specifically says that an economic development <br />corporation cannot do retail development. He said when the Business Journal <br />comes out this week, there will be a letter from him talking about the economic <br />development sales taY and the proper uses of that taY. Mr. Vest said that he is <br />the Vice President of the Texas Economic Development Sales TaY Association <br />and that the organization is attempting to police and control the abuses. He said <br />Senator Ratliff is going to address this matter at the Texas Economic <br />Development Council meeting in Austin neat week. <br />Director Guest asked why there are no penalties for not following the law. Mr. <br />Vest informed him that in the statutes there are no provisions for enforcement or <br />overseeing of the proper use of the sales taY. Some legislators want to place a <br />regulatory agency over the program. Mr. Vest said that regulatory oversight <br />would probably be with the Department of Economic Development and that will <br />not be good. <br />Mr. Vest advised that at the last legislative session, the Legislature came out with <br />a new training requirement and that he and the City Attorney will be required to <br />attend. If the City Attorney does not attend, then the City Manager will have to <br />attend the training. He said the Department of Economic Development will be <br />conducting this training and they are going to have a trial run at the TEDC <br />meeting that he and Eric will be attending next week. <br />Mr. Vest reported that Jim Nelson was given the task of surveying the property <br />for the Northwest Industrial Park At this point, Mr. Nelson has not completed <br />the survey. Mr. Vest advised that after the survey is received, he will be going <br />out for bids for an architectural firm to help with the design of the industrial <br />park After this is done, they will start clearing the land. <br />After discussion of the need for the survey, it was the consensus of the Board that <br />Mr. Vest write a letter to Mr. Nelson requesting that he have the survey to Mr. <br />