AG 1994 07 05 - Laserfiche WebLink

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Page 2 Mr. Witherspoon April 19, 1994 B. General Information Members may serve for three consecutive two-year terms or a total of six years. After a one-year lapse in membership, said member is eligible for reappointment. - Alternates serve for a one-year term. No Advisory Committee shall be employed by an Agency which is receiving Older American Act funds. At least 50% of appointees should be over 60 years of age. The Committee meets about once every three months and advises the staff and COG Board on the Area Plan, allocation of funds, etc. Specific Requests James Graeber has served three terms for a total of six years and is not eligible for reappointment. Betty Babb has served as an alternate for one year and may be reappointed for another one-year term if you wish or can be moved into the member position and a new alternate be appointed. II. Centralina Development Corporation, Inc. A. Membership Cabarrus County has three (3) of twenty-five (25) members. They are appointed by the County Commissioners and represent (1) local government (2) local private lending institutions (3) local community organizations (4) business organization (the local government representative may - but need not be a local elected official). The membership meets once a year (annual meeting) and elects two of the three members of the Board of Directors. The Board meets on the last Tuesday of each month at 12:00 Noon for lunch with the meeting beginning at 1:00 p.m. The Board, in addition to establishing the practices, policies and procedures, reviews loan applications from applicants throughout the region. Most members are financially oriented in that they are or have been employed by a bank or savings and loan, they are active in the area of economic development or they have experience in operating a business. It is imperative that the member, if elected to the Board, be willing to actively participate and attend the monthly meetings on a regular basis.