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Page 2 Mr. Jim Lentz June 1, 1988 At least 5096 of appointees should be over 60 years of age. The Committee meets about once every three months and advises the staff and COO Board on the Area Plan, allocatioe of funds, etc. C. Specific Re~,inesta Bill Covington has served four terms for a total of at least eight years and is therefore not eligible ['or reappointment at this time. He has been a valuable committee member and has represented your county well He will be missed, but we look forward to working with your new county appointee. II. Centr~ina Development Corporation, Inc. A. Membership Caburrus 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 o['ficial). 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 3 p.m. as needed. The Board in addition to establishing the practices, policies and procedures, reviews loan application from applicants throughout the region, Most members are financially oriented in that they are or have been employed by a bank or savings and Ioan:. they are active in the area of economic development or they have experience in operating a business. We encourage the Commissioners to reappoint as many .members as reasonable. It is Imperative that the member, if elected to the Board, be wiring to actively participate and attend the monthly meetings on a regular basis. B. Members I987 - 1988 Current Term Name Representing Expires Attendance *1) Branson C. Jones Comm. Org. 6/30/88 Active *2) Eddie D. Durham Civic Org. 6/30/88 Active 3) Jerry M. MoLester Bank 6/30/89 Non Voting *Board of Directors