Business Development Corporation of Vernon
Regular Meeting – May 25, 2011- 1:30pm
Vernon City Commission Chambers
1725 Wilbarger Street
Vernon, Texas 76384
1. Call To Order.
2. Approval of Minutes for the Regular Meeting of April 29, 2011.
3. Acceptance of Financial Report for April 2011.
4. Open Session: Tangarie Alternative Power – Loan Project update.
5. Open Session: Discuss and consider action regarding request from Tangarie Alternative Power for a fifth draw on
their loan per Loan and Performance Agreement.
6. Open Session: Project update for World Wide Notary – Bob Rice.
7. Executive Session: Texas Government Code Subchapter D., Section 551.071 Consultation with Attorney regarding
contemplation of litigation-default status of World Wide Notary.
8. Open Session: Discuss and consideration regarding Texas Government Code Subchapter D., Section 551.071
Consultation with Attorney regarding contemplation of litigation – default status of World Wide Notary.
9. President/CEO Report.
7. Public Comment.