The Washington County Local Development Corporation announces its Officers and Committees for 2012…
2012 OFFICERS/Executive Committee
Jim Lindsay, Kingsbury Supervisor, Chair
John LaPointe, Putnam Supervisor, Vice-Chair
Rich Norman, representing Greenwich, Treasurer
William Watkins, Cambridge Supervisor, Secretary
Tori J.E. Riley, Executive Director/President of the LDC, President
Washington County Local Development Corporation
Audit and Finance Meeting
Friday, December 16, 2011
Meeting Minutes
Present: Rich Norman, Bob Shay and Gayle Hall
Gayle called the meeting to order at 8:45 a.m.
After reviewing the minutes from the November meeting, Rich Norman made a motion to approve them as submitted and Bob Shay seconded. There was no further discussion and it was approved unanimously.
Washington County Local Development Corporation
Board of Directors Meeting
Friday, December 16th, 2011
Meeting Minutes
Present: Gayle Hall, Jim Lindsay, Barry Miller, Seth Pitts, Rich Norman, Rick McClenning, Bob Shay, Jay Niles, William Watkins, Terry Middleton, Dana Haff, Guests; David O’Brien and Sara Idleman.
Gayle called the meeting to order at 9:00a.m. After reviewing the minutes from the November meeting, Bob Shay made a motion to accept and Rich N and William W seconded. There was no further discussion and it was approved unanimously.
Washington County Local Development Corporation
Board of Directors Meeting
Friday, November 18, 2011
Meeting Minutes
Present: Gayle Hall, Jim Lindsay, Barry Miller, Seth Pitts, Rich Norman, Rick McClenning, Bob Shay, Chic Wilson, Jay Niles, William Watkins, Terry Middleton, Don Sady and Guest, David O’Brien.
Gayle called the meeting to order at 9:00a.m. After reviewing the minutes from the September meeting, Terry Middleton made a motion to accept and Barry Miller seconded. There was no further discussion and it was approved unanimously.
Washington County Local Development Corporation
Audit and Finance Meeting
Friday, November 18th, 2011
Meeting Minutes
Present: Rich Norman, Bob Shay and Gayle Hall
Gayle called the meeting to order at 8:45 a.m.
After reviewing the minutes from the October meeting, Rich Norman made a motion to approve them as submitted and Bob Shay seconded. There was no further discussion and it was approved unanimously.
We reviewed the October and YTD monthly financials and Bob Shay made the motion to approve the financials as submitted. Rich Norman seconded. There was no further discussion and it was approved unanimously. Each committee member signed off on the monthly reports in the binder.
We discussed our loan portfolio and the amortization reporting as well as the fact that we’re at 90% projected income and 58% projected expenses in the year to date reports.
The meeting was adjourned at 8:59 a.m. with a motion from Bob and a second by Rich and it was approved unanimously.
TR
Brian R. Campbell, Budget Officer, has scheduled a Finance and Personnel Committee meeting for Friday, November 4, 2011 for 1:00 PM in the Supervisors’ Chambers at the County Office Building B in Fort Edward.
At that time the Tentative 2012 budget will be presented to the full Board of Supervisors for their information prior to the public hearing to be held at the Annual Meeting on Friday November 18, 2011 at 10:05 AM.
If you are able to attend both meetings please do so. You will be allowed input at the public hearing on November 18th. This is an opportunity to voice your opinions and see how your tax dollars are spent.
Thank you.
Washington County Local Development Corporation
Loan Review Committee
Tuesday, October 11, 2011
Meeting Minutes
Present: Bob Shay, Gayle Hall, Barry Miller, Jim Lindsay, Bob Banks and Chic Wilson
Jim Lindsay called the meeting to order at 9:18 a.m.
After reviewing the minutes from the August meeting, Bob Shay made a motion to approve them as submitted and Barry seconded. There was no further discussion and it was approved unanimously.
We reviewed and discussed a proposal to modify terms on an existing loan for mixed use development. The original loan was a bridge loan with extended terms of eighteen (18) months. The request was for bridge loan for same amount to extend over a five year period. We have significant collateral on the property and contents and the payment record of the borrower is favorable. Bob Shay and Chic made the motion to approve and Barry seconded. There was no further discussion and it was approved unanimously.
Washington County Local Development Corporation
Audit and Finance Meeting
Tuesday, October 11, 2011
Meeting Minutes
Present: Bob Shay and Gayle Hall
Gayle called the meeting to order at 9:58 a.m.
After reviewing the minutes from the August meeting, Bob Shay made a motion to approve them as submitted and Gayle seconded. There was no further discussion and it was approved unanimously.
We reviewed the September monthly financials and Bob made the motion to approve the financials as submitted. Gayle Hall seconded. There was no further discussion and it was approved unanimously. Each committee member signed off on the monthly reports in the binder.
We discussed our loan portfolio and the amortization reporting.
The meeting was adjourned at 10: 15 a.m. with a motion from Gayle, a second by Rich and approved unanimously.
Washington County Local Development Corporation
Loan Review Committee
Tuesday, October 11, 2011
9:15 a.m.
AGENDA
I. Review Meeting minutes from August
II. Loan Modification Request-One Park Property
III. Loan request-Argyle Cheese Farmer
IV. Loan Modification Request-Battenkill Valley Fibers
Washington County Local Development Corporation
Audit and Finance Committee Meeting
Tuesday, October 11, 2011
8:45 a.m.
I. Review meeting minutes from August
II. Review and Approve Monthly Financials
III. Delinquent Collection Update