IDA meets with quorum, another board member submits resignation

Posted April 19, 2012 at 2:33 pm

After not having enough members for a quorum during its first scheduled meeting of the year in February, the Clinton County Industrial Development Authority did conduct its first regular meeting of the year last Thursday morning at the IDA-Welcome Center with four of six members present. Also on hand was Chad Irwin and Brad Irwin, who were listed on the meeting minutes as loan recipients. Former IDA chairman Rick Mercader was also present.

The board, on a motion by Keith McWhorter, first voted to accept the resignation of long-time board member and officer Janie Gibson, who had tenured her resignation earlier this year.

A replacement on the IDA board will have to be made by Clinton Fiscal Court.

Gibson was also serving as board secretary treasurer and on a motion by board chairman Jim Soma, they voted to appoint Debbie Brown to replace Gibson as board treasurer.

On separate motions, the IDA also approved minutes from the December 2011 meeting; voted to pay claims and bills and approved the CCIDA expenditure reports.

Board member McWhorter then made a motion to enter the USDA Audit into the meeting minutes.

In a cover letter to the Industrial Authority from Rural Development area director Barry R. Turner, dated February 10, 2012, it noted that the “Clinton County Industrial Development Authority is using sound loan making methods and your servicing efforts are reasonable.”

The board then entered into executive session to discuss a loan prospect but took no official action upon returning to open session.

The next regular meeting of the Clinton County Industrial Development Authority is scheduled for June 14.