03-A PEDC (06/19/02) - Laserfiche WebLink

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PEDC Minutes June 19, 2002 Page 2 carried unanimously. President Rhodes called for acceptance of and possible action on a recommendation by the Board of Realtors for the marketing of commercial sites by the Paris Economic Development Corporation. President Rhodes advised that he, Jim Bell, and Vic Ressler had a discussion relative to the consistent marketing of commercial property by the PEDC. President Rhodes advised that he had mailed a letter to all of the members of the Paris Board of Realtors Board regarding this issue. President Rhodes read the letter addressed to Jim Bell, President of the Paris Board of Realtors, which advised that it was the intent of the Paris Economic Development Corporation to attract industries and jobs for Paris, and in this instance, to facilitate the goal of recruitment of an industrial tenant for the recently vacated K-Mart building. President Rhodes advised that he invited Mr. Bell to attend the scheduled June 19, 2002, PEDC meeting at Heritage Hall. He stated that the Board was open to any suggestions as to how the PEDC can avoid this type issue in the future. President Rhodes said his letter was the result of an issue that arose when the K-Mart Building became vacant and Mr. Vest attempted to try to market that building by mailing out a brochure listing Donald Lewis as the broker involved. President Rhodes requested that Mr. Vest go over the procedures in marketing a building through the PEDC. Mr. Vest advised that when a building that comes on the market is an industrial facility, PEDC tries to find a user for it. The K-Mart building, even though it is a retail type building, does have significant industrial applications, particularly for small, light industry. He said that he had mailed almost five thousand brochures primarily to pharmaceutical companies, light manufacturing companies, and medical device companies that need a controlled environment type building. Mr. Vest said that Donald