Fri, Nov 27 2009
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Published October 23, 2008 11:01 am - Jeff Carter of Taylor, Polson & Company, PSC, Certified Public Accountants, presented the audit for fiscal year ending June 30, 2008. IN MINUTES: Glasgow-Barren County Industrial Development & Economic Authority By LISA SIMPSON STRANGE Glasgow Daily Times GLASGOW — REPORTS: Jeff Carter of Taylor, Polson & Company, PSC, Certified Public Accountants, presented the audit for fiscal year ending June 30, 2008, indicating the IDEA Board received an unqualified opinion. Chairman Owen Lambert, on behalf of the finance committee, reported the loan for the SITEL Call Center construction project was scheduled to close on Sept. 26 in the amount of $3.7 million, bearing interest at prime minus 1 percent and payable over 60 months. The board also considered the financial statements for the three months ending Sept. 30. Steve Newberry, property committee, reported on landscaping at Highland Glen. Executive Director Don Doty reported on a meeting with Matt Kirby, of Larry Glass Construction; Wayne Nichols and a landscape architect. Other items included: proposed new road to SITEL Call Center connecting Roseville Road and Trojan Trail; proposed change order No. 3 adding approximately $10,000 to call center; Doty reported that a $400,000 check, drawn on IDEA’s account, was delivered to Alliance Corporation to cover expenditures on the call center project pending the loan closing; update on employee recruitment for SITEL; update on VanGuard project; and BRAVE issues.
DISCUSSION: TVA land and the IDEA Park sign were discussed briefly. ACTIONS: Approved minutes of Aug. 29 meeting, the audit, financial statements and change order No. 3. 
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