GLADEWATER ECONOMIC DEVELOPMENT CORPORATION

BOARD OF DIRECTORS MEETING

WEDNESDAY, MAY 20, 2009 – 4:00 P.M.

GLADEWATER CHAMBER OF COMMERCE BUILDING

215 N. MAIN STREET – GLADEWATER, TEXAS

I.                   CALL TO ORDER

II.                WELCOME GUESTS AND VISITORS

III.             CONSIDER AND/OR APPROVE CONSENT AGENDA:

A.    MINUTES OF JANUARY 21, 2009 MEETING

B.     TREASURER REPORTS (JANUARY 2009  – APRIL 2009)

C.     PAYMENT OF BILLS

IV.             MANAGER’S REPORT

A.    COMPENSATION ISSUES

B.     WIDENING OF HIGHWAY 135 AND HIGHWAY 80

C.     JOINT MEETING WITH CITY COUNCIL

D.    RECENT SALES TAX REPORTS

E.     DEPOSITORY ACCOUNT RULING FROM FDIC

V.                CONSIDER AND/OR APPROVE GEDCO FY 2008 AUDIT

VI.             EXECUTIVE SESSION IN COMPLIANCE WITH SECTION 551.087 OF GOVERNMENT CODE TO DISCUSS INCENTIVES RELATED TO A.S. CONSTRUCTION

VII.          CONSIDER AND/OR APPROVE ACTION RELATED TO INCENTIVES FOR A.S. CONSTRUCTION

VIII.       ADJOURN