GHRDI Board Minutes, February 21, 2023

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MINUTES OF A BOARD OF DIRECTORS MEETING GREEN HILLS RURAL DEVELOPMENT, INC. Trenton, MO Tuesday, February 21, 2023 10:30 a.m.

1. Callto Order: The meeting was called to order at 10:45 a.m. by Vice President Jack Hodge. A quorum was declared for the conduct of business.

2. The following Directors were in attendance:

Ed Douglas Livingston County Danah Fowler Sullivan County Jack Hodge Harrison County Josh Muck Linn County

3. The following Directors were in attendance via ZOOM:

Stan Falke Carroll County Evan Emmerich Chariton County

3. The following Directors were absent:

Dale Hartley Caldwell County Annie Gibson Daviess County Gene Anderson Mercer County Jack Tucker Putnam County Michael Ormsby Grundy County

4. The following staff were in attendance: Corinne Watts Debbie Pergande Lisa Colson

5. Approval of July 26,2022 Minutes: Danah Fowler made a motion to approve the July 26, 2022 board minutes. Josh Muck seconded. Motion carried.

6. Approval of Financials and Check Listing: Ed Douglas made a motion to approve the financial statements and check listing. Josh Muck seconded. Motion carried.

7. Loan Portfolio Updates: Debbie Pergande gave an update on the Microenterprise loan with Elevation Salon and Spa. They have been delinquent for a few months. No communication since December. Debbie asked the board how they would like to proceed. Danah made a motion to send out a letter starting the collection process. Ed Douglas seconded. Motion carried.

8. Qld Business: None at this time.

9. New Business:

a. Presentation and Approval of 2021-2022 Audit: Motion by Ed Douglas to approve the 2021-22 Audit. Danah Fowler seconded. Motion carried.

b. Resolution 2023-1 Bank Signatories for Farmers Bank of Northern: Motion by Ed Douglas to remove Eva Danner Horton as signatory and add Michael Ormsby. Josh Muck seconded. Motion carried.

c. Resolution 2023-2 Bank Signatories for BTC Bank: Motion by Ed Douglas to remove Eva Danner Horton as signatory and add Michael Ormsby. Josh Muck seconded. Motion carried.

d. Resolution 2023-3 Bank Signatories for The Hamilton Bank: Motion made by Ed Douglas to remove Eva Danner Horton as signatory and add Michael Ormsby. Josh Muck seconded. Motion carried.

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e. Resolution 2023-4 Bank Signatories for CB&T/Southern Bank: Motion was made by Ed Douglas to remove Eva Danner Horton as signatory and add Michael Ormsby. Josh Muck seconded. Motion carried.

f. Acceptance of Resignation from Eva Danner Horton: Josh Muck made a motion to accept Eva’s resignation from the GHRDI Board. Ed Douglas seconded. Motion carried.

g. Election of GHRDI President: Danah made a motion to elect Jack Hodge as President. Ed Douglas seconded. Motion carried. Evan Emmerich made a motion to elect Stan Falke as Vice-President. Josh Muck seconded. Motion carried.

h. RDI Loan Fund Discussion: Corinne talked about the loan funds we have available. She also stated that staff has not written a policy for these funds and we intend to have one ready by the end of the fiscal year.

10. Executive Director’s Report: Corinne updated the Board on the Show Me Jobs RISE grant and the potential to make small business loans.

11. Adjournment: Ed Douglas made a motion to adjourn. Josh seconded. Motion carried. The meeting

was adjourned at 11:02 a.m. Respectfully submitted, Darr Zputr

Danah Fowler, Secretary