Members reviewed December 2007 minutes. Motion to approve: John Rose, 2^nd, Alvin Engelke. Motion approved. Members reviewed current financials. Motion to approve financials & pay current bills, Kevin Helmick, 2^nd, John Rose. Motion approved.

Membership: It was noted that one member had missed three consecutive meetings without attending or sending a proxy and was now off the board membership list.

Industrial Park property – An update was given on the Industrial Park property. It’s understood that Marshall Bever, who lives next door the the Park, plans to purchase Eddie Cain’s lot for $25,000. Marshall has no plans to develop the property and is making the purchase to put a buffer between his home and any development that might take place in the future. We are currently waiting for the property to be surveyed so the lots can then be appraised. Staff will continue to work with Doyle Hupp on getting the surveying done.

CRI building – The LK Bus Company will be moving to Arnoldsburg in the near future, as they transition to a transit authority. The building they current inhabit, formerly shared with CRI, will become completely empty at that time. It is assumed the CDC will want to rent the building out again to any interested parties.

A report was given regarding current activity by staff, including business assistance, training, and grant applications. It was noted that the two-county area must renew it’s Certified Development Community designation in spring 2008, as it does every three years.

Diane Ludwig’s contract was renewed for two years, commencing March 2008, with a salary increase of $3000. It was noted this was the first salary increase since March 2002 when Diane came to work for the LKADC. Motion for contract renewal & raise, Jim Sullivan; 2^nd Alvin Engelke. Motion carried.

There being no further business, the meeting was adjourned.