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817 will be submitted to the Comptroller Mr. Vest said as far as the activities for the year, they have a fairly intense marketing campaign for our community to promote our community throughout the country. Mr. Vest presented several magazines with the ads for promoting the City of Paris, and advised that this is what generates a lot of the inquires that they get. Mr. Vest said that in the last quarter of 1997 they had 204 inquires generated from the advertisement campaign, and throughout the year there was 510 inquires. As far as prospect activities in that respect, they also had an additional 48 contracts with companies that they talked to, made proposals to them about the community, and had two companies that visited the community as a potential location. Mr. Vest told the Council that there were several things that happened during the year with some of the industries such as Babcock and Wilcox which is certainly something that everyone is concerned about. They came last spring with a proposal for closing one of their facilities either Westpoint Mississippi or Paris, Texas, and that is still in the mill. They made a trip along with Mayor Clifford to McDermott headquarters, which is the parent company for Babcock and Wilcox, and they will be coming to Paris in early February, and they expect they are going to come down with a decision very shortly after that. Also, Precision Printing has announced they are for sale, they are still getting inquiries and it is pretty active market out there for their business, and they think that will occur fairly quickly. Mr. Vest said there were major accomplishments during the year, one with the Green Carpet Route (271 South between Paris and Mt. Pleasant) which they had spent a lot of time trying to improve the transportation route because it is so important to our economic development efforts. Also the Freeport Exemption has been adopted by City of Paris, Lamar County, Paris School District, North Lamar School District, and Chisum School District. They participated with the Texas Marketing Team which brought about 700 prospects that we continue to work on. They attended two trade shows this year, one was the chemical show which was held during the week of November 17th in New York, and the National Plastic Exposition in Chicago during the week of June 16th. Mr. Vest said this next year they plan in addition to working with TU Electric who is one