TEDC Board Meeting Minutes

February 8, 2005, Conference Call

Members present by phone: Kim Denton, Kyle Spurgeon, Mark Herbison, Randy Brewer, Walt Wood, Allen Hester, Paul LaGrange
Others present by phone: Suzie Lusk

Kim Denton called the meeting to order.

The Board discussed the finances and Ms. Lusk reported the year-end financials with a balance of $106,836.58 which is a right around our usual year-end amount.
Approval of Financials: Motion by Mr. Brewer, second by Mr. Hester appropriately approved and passed.

Ms. Denton discussed the Cuno vs. Diamler Chrysler lawsuit and said that the metro Chambers were considering filing and amicus brief and wanted to know if TEDC wanted to join the effort. She also said that State ECD and Department of Revenue are looking at options and strategies regarding this case. It was agreed that TEDC would want to be in tandem with the state

Legislative Reception/TEDC Day on the Hill – February 16, 2005 – The board discussed the bullets for the handout card and went through the agenda for the luncheon. Suzy confirmed that the legislators had been contacted about the event and the board discussed what time of follow-up needed to occur after the event.
The Board asked Paul Lagrange to get an update on the incentive study that was being conducted by ECD and asked that we schedule another ECD/TEDC Roundtable meeting for possibly March or May.

The board discussed a possible update of our website and that we have a members only area for minutes, financials, our legislative agenda, links to all our members websites and any incentive comparisons that might be available. We also discussed changing the look of the site. Mark Herbison agreed to seed a proposal from Younger Associates on this initiative. Motion by Mr. Brewer to move forward, second by Mr. Hester appropriately approved and passed.

The board discussed the TEDC scholarship program and it was agreed that we would spend time reviewing the process before making changes. The idea of developing a strategy for fundraising was discussed and it was agreed that we would talk with Younger Associates to see if some sort of commission fundraising strategy could be developed.
New Members approved at the February 8 meeting: Motion by Brewer, second by Wood appropriately approved and passed.

Tim Thompson, Melton Hill Regional Industrial Development
Matt Largen, Nashville Area Chamber of Commerce
Margaret Sanders, Lauderdale County Economic Develepment
Mike Knotts, Pickering, Inc.
Motion made by Brewer, second by Wood to adjourn