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PEDC Meeting <br />October 9, 2002 <br />Page 5 <br /> <br />Mr. Vest explained that the local group has to buy the right-of-way or has to <br />pay a part of the acquisition of the right-of-way. Delta County is unable to <br />come up with their share of the funding. <br /> <br />Mr. Wall stressed the need to have a large contingency in Austin as the <br />Commission members count heads in support of projects. They know how far <br />you drive and they have to have total community support from the four counties <br />that are backing this project. <br /> <br />President Guest called for the Director's Report. <br /> <br />Mr. Vest said since the last meeting, there have been ten inquiries to the <br />advertisement program. Two proposals have been submitted for food <br />processing through the Texas Department of Economic Development. <br /> <br />Mr. Vest advised that Eric has submitted a proposal on the Oliver Rubber <br />building from a prospect that came from the Texas Department of Economic <br />Development. <br /> <br />Mr. Vest said on September 3, 2002, they had a rather large Fortune 500 <br />Company looking at a site just north of Kimberly Clark. He said this project, <br />which is highly confidential, is call Project Winner and it came through the <br />Texas Department of Economic Development. Mr. Vest advised that they <br />would need a million square feet of building, and it would create several <br />hundred jobs. Mr. Vest will furnish additional information to this company. <br />He is going to put PEDC's proposal showing incentives in writing during the <br />next few weeks. <br /> <br />Mr. Vest advised that he met with Senator Ratliff on August 30, 2002, about <br />some of the legislation coming down, and he assured him that if Mark Homer <br />can get his legislation through the House, he will push it through the Senate. <br />Mr. Vest said he has been concerned about a lot of the bills that are being <br /> <br /> <br />