MERAMEC REGIONAL DEVELOPMENT CORPORATION
NOTICE OF MEETING AND AGENDA

November 14, 2007

12:00 p.m.

The Meramec Regional Development Corporation Board of Directors will meet at 12 p.m. on Wednesday, November 14, 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:  Tom Klebba, President

2. New Board Members: Tom Klebba will welcome new board members: Mark James representing Maries County and Scott Shultz representing Dent County.

3. Adjournment from Open Session to Closed Session

4. 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: Mid Missouri Kitchen and Bath
      
      
5. Adjourn from Closed Session to Open Session
   
   
6. Review and Approval of Minutes:  Minutes from the full board meeting on September 19 and the loan review meeting on October 17, 2007 will be reviewed.Board action is required.
   
   
7. Financial Reports:  Cheryl Dupes, Fiscal Department, will present reports for the fiscal year 2007-08 for the period 7/1/07 through 10/31/07.  Board action is required for SBA financial reports only.
   
   
8. New Business:
   
   
   1. SBA Presentation: Brenda Klages, senior area manager with SBA, will present to the board an overview of SBA and the role of a Certified Development Corporation.
   2. History of MRPC and MRDC: Richard Cavender, executive director of MRPC, will present to the board the history and relationship of MRPC and MRDC.
   3. Loan Servicing Update:  Maria Kardon will update the board on any servicing issues for the SBA 504, RLF and IRP loan portfolios for the period ended October 31, 2007.  Report Only – No board action required.
   4. Update: Election of Officers and Executive Committee: MRDC staff will update the board on process used for selection of officers and executive committee members from the board meeting on September 19, 2007.
   5. Final Approval of Revolving Loan Fund Plan: MRDC staff will update the board on the amendment of the original RLF awards and final approval of the revised RLF plan approved by EDA. Board action is required.
   6. Bylaw Recommendations: MRDC staff will make recommendations with changes for the MRDC bylaws last revised on November 16, 2006. Board action is required.
      
      
9. Comments for the Good of the Order
   
   
   1. Next loan review meeting is scheduled for December 19, 2007 (tentative).
      
      
10. Meeting Adjournment