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II. <br /> <br />Centralina Development Corporation, Inc. <br /> <br />A. Membership <br /> <br />Cabarrus County has three (3) of twenty-five (25) members. They <br />are appointed by the County Commissioners and represent (1) local <br />government (2) local private lending institutions (3) local community <br />organizations (4) business organization (the local government <br />representative may - but need not be a local elected official). <br /> <br />The membership meets once a year (annual meeting) and elects two <br />of the three members of the Board of Directors. The Board meets <br />on the last Tuesday of each month at 2:00 or earlier as needed. The <br />Board, in addition to establishing the practices, policies and <br />procedures, reviews loan applications from applicants throughout the <br />region. Most members are financially oriented in that they are or <br />have been employed by a bank or savings and loan, they are active <br />in the area of economic development or they have experience in <br />operating a business. It is imperative that the member, if elected to <br />the Board, be willing to actively participate and attend the monthly <br />meetings on a regular basis. <br /> <br />B. Members <br /> <br /> Term <br />Name Representing Expires Attendance <br /> <br />1) Tony Hatcher* Comm. Org. <br />2) Jerry McLester* Banker <br />3) LaRhonda Watkins Business Org. <br /> <br />*Board of Directors <br /> <br />6/30/93 100.0% <br />6/30/93 16.7% <br />6/30/93 Non-Voting <br /> <br />Specific Request <br /> <br />During the past few years several county commissions have required <br />that old appointees, after serving a specific number of years, must <br />step down for at least one year before they can be reappointed. <br /> <br />Because of the complexity and technical nature of our work and <br />because of the' many compliance requirements of the U.S. Small <br />Business Administration, we have always encouraged you, the <br />county commissions, to reappoint as many members as possible for <br />as long as they are willing to serve and actively participate in our <br />meetings. <br /> <br />Please appoint or reappoint members whose terms will expire. Each <br />appointment is for a one year term unless it is to fill a vacated <br />position. New appointments will cover the period 7/1/93 to 6/30/94. <br /> <br /> <br />