Rosebud Economic Development Corporation
D Brown Library
January 10, 2018
Minutes – Special Meeting
1. Call to order
President Wallace called the meeting to order at 5:57 PM
2. Roll Call
At the time the meeting was called to order, there was a quorum present including Carson Wallace, Wayne Wilson, Debra Kimble, Judge Whitfield, and Martha Westerman. Diana Miles and Sherri Humphry were not present.
2. Certify Posting
Carson verified with the secretary that the agenda was posted in compliance with the Texas Open Meetings Act.
4. Introduction of guests
Jim Bartosh Tommy Cooper Lisa Cooper Sandra Cooper
5. Discussion and/or action regarding loan application
Tommy Cooper has submitted a loan application for the purchase of All American Auction to include the building and the business. (See attached information) With a motion by Wayne and a 2nd by Martha, the vote was unanimous to approve a loan for $65,000 for a term of 15 years at a rate of 5% interest.
With a motion by Wayne and a 2nd by Debra, the vote was unanimous to adjourn the meeting at 6:40 PM
Martha Westerman, EDC Secretary Carson Wallace, EDC President
This institution is an equal opportunity provider and employer