Gasconade County IDA
Board of Director’s Meeting
Meeting Minutes
June 26, 2007

Attendees:
Ed Meiser, Bobbie Berger, Bruce Sassmann, Jay Gourley, Jerry Lairmore and Connie Willman.

Call to Order:
Chairman Roberta Berger called the Gasconade County IDA board meeting to order at the Café Company in Owensville at 6:15 p.m.

Approval of Minutes:
Bruce Sassmann made a motion and was seconded by Jay Gourley that the minutes of the December 21, 2006 meeting be approved. The motion carried.

Financial Report:
Connie Willman presented the following financial reports for approval: Statement of Revenue and Expense for Month Ending May 31, 2007; and Balance Sheet As Of May 31, 2007. Ed Meiser made a motion to approve the financials and was seconded by Jay Gourley. Motion passed. Connie also presented the Proposed Budget for FY 2007-08. After discussion, Bruce Sassmann made a motion to approve the proposed budget, and was seconded by Jay Gourley. Motion passed.

Discussion during presentation of the financials included:

• Possibility of property owners in Gasconade County donating buildings/sites to the IDA for lease to companies. The question arose as to whether the IDA is a 501(c)3, which would allow a tax incentive to those wishing to donate property. Connie is to check on the 501(c)3 status and the possibility of the IDA obtaining that status, and report back to the board.

Business:

a.  Owensville IDA: The Owensville IDA dissolved in 1992, leaving a fund balance of around $2,000. The organization’s last President, Roxanna Reifer, was to attend the meeting and speak to the committee about the possible transfer of this money to the Gasconade County IDA, however, she was unable to be present. Per discussion, the IDA members want to speak with representatives of the Owensville IDA to see if they are interested in attending the Gasconade County IDA meetings, along with other IDAs in the county and representatives of communities that have no IDA. Connie is to check to see how many members the IDA board can have, according to state statutes, and report to the board at the next meeting. Another option would be to keep the 6-member board and make all other attendees ex-officio.

b.  MRPC Contract: The MRPC contract for services expires on 6/30/07. The committee was asked to approve a new contract for FY 2007-08. Connie Willman informed the board that the only changes in the contract from last year are in the hourly rates of Management and the Assistant Director, each increasing by $1.00/hour. Bruce Sassmann made a motion to approve the new contract and was seconded by Jay Gourley. Motion passed.

c.  Election of Officers: The Bylaws state that officers must be elected annually in June and that no officer can hold the same office for more than three consecutive terms. All officers (Chairman—Roberta Berger, Vice Chairman—Bruce Sassmann and Secretary/Treasurer—George Stratman) had served three terms in their current position. Bruce Sassmann made a motion, seconded by Jay Gourley, that the board accept the following nominations and elect the slate by acclamation (pending acceptance by Phyllis Hannan, not present): Jay Gourley—Chairman; Ed Meiser—Vice Chairman; and Phyllis Hannan—Secretary/Treasurer. Motion passed.

d.  Available buildings/sites: Discussion was held regarding methods to notify business/industry about available buildings/site in the county. Connie reminded the group that MRPC places this information on the Missouri LocationOne website, if the communities pass the information along. It was also suggested that the current Gasconade County website contain this information. Connie will check out this possibility.

e.  Meetings: Discussion was held regarding the possibility of the IDA meeting on a quarterly basis again. The next meeting was set for September 19, at which time the IDA will decide on meeting regularity.

Adjournment:
There being no further business, the meeting was adjourned.

__________________________                    __________________________________
Jay Gourley, Chairman                                    Ed Meiser, Vice Chairman