03-B PEDC (04/16/03) - Laserfiche WebLink

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PEDC April 16, 2003 Page 2 transfer excess balances from Liberty National Bank, which was account. a pool A motion was made by Director Severson, seconded by Director Wall, for approval of the financial report. The motion carried unanimously. President Guest called for the Director's Report. Gary Vest came forward advising that since January they have received 41 inquiries to their advertisement campaign. He said they did not have a response from Project Winter; but that company has not made a decision and he knew that Sherman was having problems with a building. He was hopeful that they would make a decision soon. Mr. Vest said they had a real good visit with a prospect the previous Friday, Project Hope, and advised that he will discuss that later in the meeting. Mr. Vest told the Board that Erik has been on the go. In March, Erik went to the North American Manufacturing Show in Chicago. He also went to the Economic Development Institute at the University of Oklahoma. They also attended the PEDC Legislative Conference in Austin. Mr. Vest said there has been a lot of legislative activity going on. He said that on the last day for filing there were 18 bills filed that affect the sales tax for Economic Development. That does not include the good bill introduced by Mark Homer, House Bill No. 29025. Mr. Vest said he has worked with Mr. Homer on this bill. Mr. Vest advised that he will be in Austin Monday to discuss the bill with Mark Homer because it is going to be debated on the House floor Monday. He hoped that it will pass the House and be sent over to the Senate. Mr. Wall attended the committee hearing where the bill was discussed and it passed out of the committee. They came back with a committee substitute and that is what will be going to the floor on Monday. Resolution No. 2003-003, authorizing and approving the renewal and extension