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Regular Mcctmg o['thc PI!DC <br /> May 19, 2004 <br /> Page 2 <br /> <br />A motion was made by Director Scverson, seconded by Director Dunn, for <br />approval of the financial reports as presented. The motion carried unanimously. <br /> <br />President Wall called for the Director's Report. <br /> <br />Gary Vest reported that they have talked about the Greenball Corporation and <br />they are back on tract and they are looking at the Oliver Building and they are <br />negotiating with Cooper on that building. He said that at their last meeting they <br />talked about the price for a roof on that building of $60,000.00 and the PEDC <br />told them what they would do is give them an incentive of $60,000.00 if they <br />would buy that building and locate their business here. Mr. Vest said that Mr. <br />Tye is negotiating directly with Cooper on the building. <br /> <br /> Mr. Vest said they did receive a prospect for TXU from their Economic <br /> Development Department. It is a metal fabrication company and needs a 10 to <br /> 15 acre site. There is one site in the Industrial Park that would be really easy to <br /> serve and they submitted that site and they are hoping to get a site visit fi'om this <br /> prospect. He thought it was about a 50 employee operation and approximately <br /> 10 million dollar plant and they are trying for a shot at that. <br /> <br /> Mr. Vest reported that he has had a lot of discussion with Sara Lee and they <br /> have shut down all but thee lines at the Fort Plain, Alabama plant and a lot of <br /> that work is coming to Paris. Mr. Vest stated that was good news for Paris. <br /> <br /> President Wall announced that the next item on the agenda was a resolution for <br /> consideration of and action on supporting a fish hatchery:~at Cooper Lake. <br /> <br /> Mr. Vest advised that he went to the pre-bidders conference regarding this fish <br /> hatchery. They told Mr. Vest that they would not be considered. He said that <br /> they are submitting a proposal for south Sulphur River Development <br /> Association, but they told them that they would not be considered, but at the <br /> same time, he had a visit with the Executive Director of Parks and Wildlife and <br /> the President of the Foundation and they suggest that the PEDC submit a <br /> <br /> <br />