MERAMEC REGIONAL DEVELOPMENT CORPORATION
NOTICE OF MEETING AND AGENDA
December 15, 2010
The Meramec Regional Development Corporation Board of Directors will meet at 12 noon on Wednesday, December 15, 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 November 17 th and October 27 th board meetings will be reviewed.Board action is required.
- Technical Assistance Contracts: Staff will present to the board technical assistance contracts for 504 loan packaging for the following projects: Country Living Care Homes, LLC. Board action is required.
- Board Resolutions: Staff will request to the board to approve board resolutions for the following SBA loans that will be closing: SERVPRO of Rolla, LLC; Missouri RV Park, LLC; and Days Inn, LLC.
- Recapitalization of IRP loan program: Staff will update the board with an update on the second IRP loan application for $175,000 submitted to USDA.
- SBA, EDA and USDA Reports: Staff will provide the board with highlights for the program fund reports recently submitted to SBA (annual), EDA (semi-annual) and USDA (semi-annual) for each loan program.
- Loan Servicing Update: Staff will update the board on servicing issues for the SBA 504, RLF and IRP loan portfolios for the period ended November 30, 2010.
- Loans in Process: Tonya Price will update the board on loans that are in process.
- Current Financial Reports FY 2010-11: Staff will present to the current financial reports for FY 2010-11 for the period 7/1/10 through 11/30/10 for the SBA, RLF and IRP funds. Board action is required only for SBA financials.
- 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:
- Robert Frank Enterprises, LLC – RLF Loan Request
- Country Living Care Homes, LLC – SBA Loan Request
- Adjourn from Closed Session to Open Session
- Comments for the Good of the Order
- Loan review meeting is scheduled for January 19, 2011 at 12 noon.
- RLF availability: $156,551.
- RLF Disaster Fund availability: $375,000.
- Microenterprise availability*: $125,000.
*Match provided for the RLF Disaster Fund.