10.23.1997 Town Council Minutes--
WORK SESSION - SINCERELY YOURS & CUS'T'OM CORNER
THURSDAY, OCTOBER 23"", 1997
CITY HALL - 109 SOUTH MAIN STREET 7:00 P.M.
'ITIOSI3 I}IkESENT: MAYOR COFFMAN, RALPH BOYER, LARRY TRACY,
GRADY SMOTHERMON, AND JIM DUNMIRE. BILL NISWANGER WAS
ABSENT. TIM MORRIS, LEE AND AMY LAWRENCE, WEBB COX, RUSTY
CRAIG, AND PHIL COOPER WERE ALSO PRESENT.
CALL TO ORDER_- MAYOR COF17MAN CALLED THE MEETING TO ORDER.
JIM DUNMIRE GAVE AN UPDATE ON THINGS THAT HAVE HAPPENED SINCE
THE OCTOBER COUNCIL MEETING. THE E.D.C. MET WITH WEBB COX ON
TUESDAY, OCTOBER 21 N" ON POSSIBILITIES OF A GRANT FOR THE
RELOCATION OF SINCERELY YOURS. LEE LAWRENCE IS WITH S.W.
CONSULTANTS AND WILL BE PREPARING THE APPLICATION.
PHIL �QQPE.R C1 1GGESTED THAT ;a/r„ I:EEi' 11,�'D THAT �� T ,n
11` M A HOT,; i,L1�IBER
WILL BE MOVING INSIDE OUR CITY. OSI ALSO HAS SHOWN AN INTEREST
AND IS LOOKING Ax LAND ALONG SH 380 AND BUSINESS 289.
LEE LAWRENCE - APPLICATION IS DUE BY JANUARY. HE THINKS WE ARE
AT A DISADVANTAGE IN COLLIN COUNTY BECAUSE OF INCOME LEVEL
AND EMPLOYMENT RATES. A 'TOTAL OF $500,000 CAN BE APPLIED FOR
AND GRANTED. MONEY CAN ONLY BE USED FOR CITY STREETS, WATER
AND SEWER, AND ENGINEERING FEES.
WEBB COX WITH C.D.C. IS THE LENDER OF THE PROJECT. C.D.C. WILL
THEN SELL TFIE NOTE TO S.B.A.
RUSTY CRAIG - PROJECTION EMPLOYMENT
1 YEAR - 15 OFFICES
35 SKILLED WORKERS
$1.2 MILLION 'TOTAL PAYROLL.
3 YEARS - 100 EMPLOYEES:
1/3 PROFESSIONALS $12-$18 / 1 -IR
2/3 SKILLED WORKERS $749 / HR
$2.4 MILLION TOTAL PAYROLL
RUSTY SAYS THE MAY 10``I DEADLINE CAN NOT BE MET AS THEY HAD
OFFI LY PROJE �T
MA