MERAMEC REGIONAL DEVELOPMENT CORPORATION
NOTICE OF MEETING AND AGENDA

ANNUAL MEETING

September 19, 2007

12:00 p.m.

The Meramec Regional Development Corporation Board of Directors will meet at 12 p.m. on Wednesday, September 19, 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 full board meeting on July 17, 2007 will be reviewed.Board action is required.

3. Financial Reports:  Cheryl Dupes, Fiscal Department, will present reports for new fiscal year 2007-08 for the period 7/1/07 through 8/31/07.  An audit update will be presented for the SBA loan program for FY 2006-07.Board action is required for SBA financial reports and budget only.

4. New Business:

   1. New Board Members: Alan Vickers will welcome new board members and recognize the outgoing board members.  New board members: Scott Schultz (Dent), Gerry Lewis (Pulaski), Jerry Wolfe (Osage), Mark Weidinger (Maries), and Dennis Purcell (Dent).  Outgoing board members: James Highfill (Maries), Robert Perkins (Crawford), Alan Vickers (Maries). Reappointment: Tim Seams (Phelps).
   2. MRDC Overview: Maria Kardon will present an organizational overview of each loan program for the SBA, RLF and IRP and an update on staff and training. Report Only – No Board action required.
   3. 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 August 31, 2007.    Report Only – No board action required.
   4. Partner of the Year Committee Update: MRDC staff met with the Partner of the Year committee on September 14, 2007 to discuss and select this year’s recipient.  The award will be presented at the MRPC annual dinner in November. Board action is required.
   5. Election of Officers: MRDC board will nominate and vote for new officers to serve a two-year term on the executive board. Board action is required.
   6. Revolving Loan Fund Plan: MRDC staff will update the board on changes made to the plan per EDA for the Revolving Loan Fund. Board action is required.
      
      
5. Adjournment from Open Session to Closed Session
   
   
6. 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: Mott Dental Clinic
   2. Loan Review: ROJO Foods
      
      
7. Adjourn from Closed Session to Open Session
   
   
8. Comments for the Good of Order
   
   
   1. MRDC board orientation will follow the board meeting for all new board members in the large conference room.
   2. Next MRDC full board meeting is schedule for October 17, 2007.
      
9. Meeting Adjournment