MERAMEC REGIONAL DEVELOPMENT CORPORATION
NOTICE OF MEETING AND AGENDA

February 17, 2010

The Meramec Regional Development Corporation Board of Directors will meet at 12 noon on Wednesday, February 17, 2010 in the large conference room at MRPC, #4 Industrial Dr., St. James, MO. A light lunch will be served. All board members are encouraged to attend as everyone’s input is valued, and it’s important that all member counties are well-represented.

Please RSVP by contacting Lisa Warnke at 573-265-2993 or email lwarnke@meramecregion.org so that proper arrangements can be made for lunch.

MEETING AGENDA  

• Call to Order: Tom Klebba, President

• Review and Approval of Minutes: Minutes from the December 16, 2009 Full Board meeting and minutes from the IRP subcommittee meetings held on January 13, 2010 and February 3, 2010 will be reviewed.
  Board action is required.

• Financial Reports and Fiscal Budget Revision 09-10: Cheryl Dupes, Fiscal Department, will present reports for the fiscal year 2009-10 for the period 7/1/09 through 1/31/10 for the SBA, RLF and IRP funds. Cheryl Dupes will summarize the RLF and IRP audits that were approved by MRPC on January 14, 2010. Cheryl Dupes will present mid-year budget revisions for the SBA, RLF and IRP loan programs. Copies of the audit are available for review upon request.
  Board action is required for SBA financials and budget only.

• New Business:

• Welcome New Board Members:
  Tom Klebba will welcome new board member, Eric Anderson, Missouri University of Science and Technology, appointed by Phelps County who is filling in for Barry White this year.

• RLF Annual Certification and Conflict of Interest Disclosure:
  Staff will present to the board a joint resolution required for the RLF annual certification as part of the next semi-annual report to be submitted by April 30, 2010 to EDA. Board action is required.

• IRP Semi-Annual Report:
  Staff will present the semi-annual report recently submitted to USDA for the period of July 1, 2009 through December 31, 2009. Copies of the report are available upon request.

• Matching Funds Subcommittee Update:
  Staff will update the board on the subcommittee’s meetings held January 13, 2010 and February 3, 2010 and discuss marketing flyer. Board action is required.

• Loan Servicing Update:
  Staff will update the board on servicing issues for the SBA 504, RLF and IRP loan portfolios for the period ended January 31, 2010.

• Loans in Process: Tonya Price will update the board on loans that are in process. 

• Adjournment from Open Session to Closed Session

**President to initiate roll call (Lisa Warnke) to conduct.

• Closed Session:
  A closed session may be needed to review a loan request or a particular servicing issue that includes confidential and sensitive information. Because this review will contain sensitive financial and personal information, the board may request a closed session under RSMo 610.021(14). Closed session items include:

• Beechner Reeves, LLC - RLF Loan Request
• Elgin Surveying and Engineering, Inc.-Servicing Request
• Ratification for Servicing Request on R & L Automotive

• Adjourn from Closed Session to Open Session

• Comments for the Good of the Order
• Next loan review meeting is scheduled for March 17, 2010 at 10 a.m.
• RLF availability: $75,000.
• IRP availability approximately: $34,000.
• Microenterprise availability: $125,000
• New board member orientation will follow immediately after the MRDC full board meeting.

• Meeting Adjournment