MERAMEC REGIONAL DEVELOPMENT CORPORATION
NOTICE OF MEETING AND AGENDA
April 21, 2010
The Meramec Regional Development Corporation Board of Directors will meet at 12 noon on Wednesday, April 21, 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 February 17, 2009 Full Board meeting will be reviewed.
Board action is required.
- Welcome New Board Members: Tom Klebba will welcome new board member, Mardy Leathers, Executive Vice-President, Westwind CDL Training Center, appointed by Crawford County.
- Interim MRDC Board Secretary: Staff will request the board to decide on whether to install an interim secretary to replace Barry White or to hold off until the board officer nominations will be presented in the June meeting.
Board action is required.
- Appointment of Nominating Committee:
Tom Klebba will request six volunteers to be appointed to the nominating committee to present to the board a slate of officers during the June full board meeting for the term 2010 – 2012.
Board action is required.
- Ratification of CDC New Board Resolution by SBA:
This agenda item is to ratify the e-mail sent to the board on March 18, 2010 by Tonya Price regarding the new blanket resolution required by the SBA.
Board action is required.
- Board Resolutions:
Staff will present board resolutions for two SBA 504 loans scheduled to close: ROJO Properties, LLC (Rolla Project #3) and Marge and Marvis II, LLC. Board action is required.
- Board Member Resignations:
Wanda Roberson and T.R. Dudley have resigned their position on the MRDC board. Board is encouraged to send staff any recommendations for those appointments to be filled in Maries and Washington Counties.
- Matching Funds Subcommittee Update:
Staff will update the board on the marketing flyer for the matching funds regional campaign and recent donations made towards the fund.
Board action is required.
- Technical Assistance Contracts: Staff will request the board to approve technical assistance contracts for the following new loan projects: St. James Auto and Truck Parts, LLC; Mid Missouri Kitchen and Bath, LLC; Marge and Mavis II, LLC.
Board action is required.
- Loan Service Request Checklist: Staff will request from the board to review and provide feedback on the checklist to be used for future loan servicing requests.
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 March 31, 2010.
- Loans in Process:
Tonya Price will update the board on loans that are in process.
- Financial Reports FY 09-10:
Cheryl Dupes, Fiscal Department, will present reports for the fiscal year 2009-10 for the period 7/1/09 through 3/31/10 for the SBA, RLF and IRP funds.
Board action is required for SBA financials only.
- 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:
- Marge and Mavis II, LLC – Change in Project Amount
- Elgin Surveying and Engineering, Inc.-Servicing Request
- Adjourn from Closed Session to Open Session
- Comments for the Good of the Order
- Next loan review meeting is scheduled for May 19, 2010 at 10 a.m.
- RLF availability: $92,000.
- IRP availability approximately: $44,000.
- Microenterprise availability: $125,000