MERAMEC REGIONAL DEVELOPMENT CORPORATION

NOTICE OF MEETING AND AGENDA

January 18, 2007

The Meramec Regional Development Corporation Board of Directors will meet at 12 p.m. on Thursday, January 18, 2007 in the large conference room at MRPC, #4 Industrial Dr., St. James, MO.  A light catered 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 Maria Kardon at 573-265-2993 or mkardon@meramecregion.org so that proper arrangements can be made for lunch.

MEETING AGENDA

  1. Call to Order:  Alan Vickers, President

  2. Review and Approval of Minutes:  Minutes from the November 16, 2006 full board meeting and December 13, 2006 Loan Review Committee meeting.   

Board Action is Required.

  1. Financial Report:  Reports for fiscal year 2006/2007 for the period 7/1/06 through 12/31/06 will be presented by Cheryl Dupes, Fiscal Department.   Reports will be presented on SBA, RLF and IRP loan programs.  Board Action is Required for SBA financial report only.

  2. Revised Budgets Fiscal Year 2006/2007:  A revised fiscal year 2006/2007 SBA, EDA/RLF and IRP budget will be presented to the board by Linda Loughridge, Fiscal Department. 

Board Action is Required for SBA revised budget only.

  1. New Business:
    1. Bylaw Review and Recommendations: Maria Kardon will present and distribute MRDC’s current bylaws with the revisions that were approved during the board meeting on November 16, 2006.

    No Board Action is Required.

    1. RLF Plan:  Final draft of RLF plan will be presented and distributed to the MRDC board. (Pending EDA’s approval)

    No Board Action is Required.

    1. Loan Servicing Update:  Maria Kardon will update the board on all loans.  Included with the report will be an update to the full board on the Quick/Uncle Jimmy’s loan.

            Report Only – No Board Action Required.

  1. Marketing Plan Visits: Maria Kardon will update the board on recent and upcoming marketing visits to the region’s lending institutions.

    Report Only – No Board Action Required.

  2. Executive Committee: In reference to Article IV, 4.1 Executive Committee, Maria Kardon will discuss the requirement of a seventh individual to fulfill the requirements for the executive committee 
  1. 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).

    1. Review Frisco’s Pub and Grill, LLC-Collateral Modifications

    (Copy of revised letter of conditions is attached.)

  2. Adjourn from Closed Session to Open Session

  3. Comments for the Good of Order

  4. Meeting Adjournment