It was determined that a quorum was represented, per the rules of our bylaws.

Minutes from the April 2007 meeting were reviewed and approved. Motion: Donnie Pitts, 2^nd Bryan Sims. Motion approved.

Current financials were reviewed and all questions answered. Motion to approve: John Rose, 2^nd Kevin Helmick. Motion approved.

The October meeting being the annual meeting, election of officers for the coming year took place. A slate of officers made up of Dan McDonald, President; Kevin Helmick, Vice-President; Donnie Pitts, Treasurer; and Bryan Sims, Secretary, was offered from the floor. The slate was unanimously approved.

Phone/in-person vote to take over the Calhoun Industrial Park and assume the WVEDA loan on the property was approved by Dan McDonald, Kevin Helmick, Donnie Pitts, Robert Lowe Jr, Bryan Sims, Gary Knight, Dan Metz, Ken Stempowski, Dick Ullum, Alvin Engelke, and Joyce Sellers in the week prior to the meeting. We were not able to reach John Rose for a vote before acceptance deadline.

Motion was made to re-affirm phone/in-person vote to accept the Calhoun Industrial Park property from the Calhoun Development Corporation, and assume the remaining principal balance of their loan with the WV Economic Development Authority. In the same motion, a resolution was approved authorizing Dan McDonald and/or Diane Ludwig to execute any and all documents necessary to take ownership of the Industrial Park property and assume the debt currently carried by the Calhoun Development Corporation. Motion: Robert Lowe Jr, 2^nd Donnie Pitts. Motion approved.

Diane Ludwig gave the Director’s report on her current activities.

Meeting adjourned. Next meeting December 10, 2007 at 7:00 p.m. in Elizabeth.