03-B PEDC (07/23/03) - Laserfiche WebLink

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Paris Economic Development Corp. July 23, 2003 Page 3 they also had the Paris Packaging payment. Mr. Anderson discussed the cash outside indicating that a number of those items are routine and indicating where the $500,000.00 payment was made to C-Tech and the payments for work done by Phil Smith. Mr. Anderson said the "New Industry Project" is the only other unusual item, but the bulk of that, almost $23,000.00 of the $26,000.00, had to do with preliminary work that is being done on the Industrial Park area such as cleaning it up and preparing it for the work that is coming up. A motion was made by Director Severson, seconded by Director Dunn, to accept the financial report that was presented by Mr. Anderson. The motion carried 5 ayes, 0 nays. President Wall announced that Curtis Fendley had arrived and asked Mr. Fendley to come forward. President Wall presented Mr. Fendley with a plaque for his outstanding service with the Paris Economic Development Corporation. President Wall called for the Director's report. Gary Vest, Executive Director of the Paris Economic Development Corporation, came forward advising that they have had quite a bit of activity on some of the things that he had previously reported to the Board. They are working with a prospect for a Distribution Center and they are expecting the president of that company to make a site visit during the month of August. Mr. Vest said they thought this was going to be a fast-moving project, but the president of the company slowed it down. He said they would be distributing their product over about a five-state area from this proposed warehouse. Mr. Vest said that TEXED had a project called Project Dakota, which is a company that makes industrial fans. They had submitted a proposal on this project. They think they met all of the company's requirements but they are waiting for a response.