Discussion Notes

KEDC Executive Committee

July 18, 2007

Galt House Hotel, Louisville, Kentucky

Members Present

Mr. Coy Samons, Executive Committee Chairman, Paintsville Independent Schools

Mr. Steve Butcher, Wolfe County Schools

Ms. Kelley Crain, Fleming County Schools

Mr. Tim Eaton, KEDC Board Chairperson, Pulaski County Schools

Mr. Burt Hensley, Estill County Schools

Members Absent

Mr. Mark Blackburn, Martin County Schools

Mr. Dennis Byrd, Williamsburg Independent Schools

Mr. Larry Hammond, Rockcastle County Schools

Ms. Linda Hatter, Casey County Schools

Mr. Charles Mitchell, Menifee County Schools

Mr. Tim Moore, Mason County Schools

KEDC Staff and Others Present

Mr. Stan Riggs, Executive Director & Board Secretary

Ms. Susan Ramey, Procurement Specialist
Mr. Steve Smith, Business Services Director
Mr. Rocky Wallace, Director of Instructional Support Services
Ms. Terri White, Executive Assistant / Webmaster

Ms. Nancy Hutchinson, Bath County Schools

Mr. Marshall Kemp, Logan County Schools
Mr. Tim Crawford, KEDC Board Attorney

1. Call to Order/Confirm Presence of Quorum (>50% requires 6 of 11 members)
The committee lacked one member to have a quorum, thus a quorum was not present. Discussion was held and consensus of the group was reached and recorded on items noted below.

2. Actions With Discussion

2.1. Approval of Minutes

Recommend approval of the minutes of the June 5, 2007 Executive Committee meeting.

2.2. Approval of Board Business Session Action Items
Recommend approval of the recommended Action Items in the separate Business Agenda.

2.3. 2008 Proposals for KEDC Board of Director’s Meetings

The consensus of those present was for the Embassy Suites for hosting the April 16-17, 2008 Board Meeting and the Hyatt Regency Downtown Lexington for hosting the October 15-16, 2008 meeting.

April 16-17, 2008

Embassy Suites – Lexington
During Keeneland
Room rate of $149.00 per night – single/double occupancy
(includes breakfast)

Hyatt Regency – Downtown Lexington
Room rate of $129.00 per night – single/double occupancy

October 15-16, 2008

Embassy Suites – Lexington
During Keeneland
Room rate of $161.00 per night – single/double occupancy
(includes breakfast)

Hyatt Regency – Downtown Lexington
Room rate of $129.00 per night – single/double occupancy

2.4. IRS Report of Employment Tax Examination

The consensus of those present was that KEDC should pay the IRS Assessment rather than contest it.

The IRS has completed its examination of KEDC’s 2004 Financial Records. The only issue found was with personal use of cell phones. They have assessed additional taxes and interest in the amount of $4,536.10. A copy of the IRS report is in the board folders. Does the Executive Committee recommend that the assessment be paid or contested?

3. Communications and Items for Review and Discussion Only

3.1. Leadership/Student Achievement Consultant

The group present discussed the consultant position and suggested that the Executive Director should bring back more detailed information on the Leadership / Student Achievement Consultant position at a future meeting.

3.2. Discuss Possible Change in Board Quorum from 25% to 20%

The consensus of those present was in agreement with changing the quorum from 25% to 20%.

4. Adjourn

There being no quorum, no official meeting was held, but these notes were taken from the discussion.