MERAMEC REGIONAL DEVELOPMENT CORPORATION
NOTICE OF MEETING AND AGENDA

July 17, 2007, 12:00 p.m.

The Meramec Regional Development Corporation Board of Directors will meet at 12 p.m. on Tuesday, July 17, 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. Welcome New Board Members

3. Review and Approval of Minutes:  Minutes from the full board meeting on May 17, 2007 and minutes from the Loan Review committee meeting on June 21, 2007 will be reviewed.
   Board Action is required.

4. Financial Report:  Cheryl Dupes, Fiscal Department, will present reports for fiscal year 2006-07; Revenue and Expense reports for month ended June 2007 and Balance Sheet as of June 30, 2007 for SBA, RLF and IRP.   Cheryl will also present the proposed budget for 2007-08 for SBA, RLF and IRP. 
   Board Action is required for SBA financial reports and budget only.

5. New Business:

   1. Loan Servicing Update:  Maria Kardon will update the board on all loans for the SBA 504, RLF and IRP loan portfolios for the period ending June 30, 2007.           Report Only – No Board Action Required.
   2. Technical Services Contract: Board to approve the technical services contract between MRDC and Cowtown USA LLC, MRDC and ROJO Foods, and MRDC and Savita and Savita LLC for SBA 504 Loan services.
      Board Action is required.
   3. MRDC Board Resolutions – Lakeside Mountain Manor, LLC: Board resolutions for this SBA 504 loan project will be presented for board approval.    Board Action is required.
   4. Partner of the Year Committee Update: MRDC staff met with the Partner of the Year committee to discuss and finalize the criteria to be used for the selection process of this year and subsequent year’s recipient.  Board will be provided with a summary of the criteria.
      Board Action is required.
   5. Revised Contract Renewal for Professional Services-Change of Staff Time Percentages: MRDC approved the contract renewal between MRDC and MRPC for professional services on May 17, 2007.   Board is provided a copy of the revised contract with the correct staff time percentages for fiscal year 2007-2008.  Board action is needed to reflect these corrections to the contract.
      Board Action is required.
   6. MRDC Board and Loan Review Committee Meetings: Due to scheduling conflicts MRPC staff requests to change the regularly scheduled meetings to the third Wednesday instead of the third Thursday of each month for full board meetings as well as the loan review committee meetings. Board Action is required.
      
      
6. Adjournment from Open Session to Closed Session
   
   
7. 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. Loan Review: St. James Auto Salvage
2. Loan Servicing Update: Honse’s Café and Convenience Store
3. Loan Servicing Update: Schneider’s Repair and Service
   
   
8. Adjourn from Closed Session to Open Session
   
   
9. Comments for the Good of Order
   
   
   1. MRDC board orientation scheduled for August 3, 2007
   2. MRDC annual board meeting scheduled for August 22, 2007
      1. Overview of MRDC loan programs, staff and training
      2. Election of MRDC board officers
   3. Board Nomination for Maries County: Mark Weidinge
      
      
10. Meeting Adjournment