New Board members were introduced to the group. John Rose, Kevin Helmick and Joyce Sellers were attending their first LKADC meeting. With the addition of these members, the Board membership is at full capacity.

Members reviewed February minutes. Motion to approve: Wilbert Kerby, 2^nd, Kevin Helmick. Motion approved. Members reviewed current financials. Motion to approve financials & pay current bills, Donnie Pitts, 2^nd, Wilbert Kerby. Motion approved.

The LKADC’s yearly application for LED grant funds from the State Development Office is due in Charleston by April 30^th. A resolution was presented to the board, authorizing President Dan McDonald to sign all documents and contracts necessary to receive these funds. Motion: Robert Lowe, 2^nd, Donnie Pitts. Motion approved. We are applying for $61,844.00 this year.

Copies of the 3-year audit performed by Kuntz & Associates were passed around, and members discussed its findings.

The current status of the Calhoun Industrial Park was discussed. While a deal for the LKADC to take over the Industrial Park had been offered by the former Calhoun Development Corporation President, Jim Morford, the offer was rescinded by the CDC board after his death. There will be no further efforts to do anything about the Industrial Park situation (i.e. lack of tenants) at this time.

Diane Ludwig gave a report on her recent activity regarding business assistance, loans and grant applications.

The issue of individuals parking vehicles on the Wirt property owned by the LKADC was discussed. Motion was made by Donnie Pitts, 2^nd by Dick Ullum, to take whatever legal steps are needed to keep people off the property. Motion was approved.

Meeting adjourned. Next meeting August 20, 2007 in Elizabeth.