The BCEDC held its monthly board meeting and the annual membership meeting Monday, January 25, at 5:30 p.m. They approved the financial report. In the annual meeting, the members discussed the changing of bylaws concerning how many members should be on the board of directors and the current requirement that people have to roll off the board. Members voted to change the number of board members from 12 to 15. They approved a measure to end the rotating off of existing board members. The re-elected existing officers: John Lipton President, Hugh Allen Quimby Vice President, Carlton Davis Treasurer. They voted to send the executive director, Donna Lawhon, to a meeting on Workforce Readiness in Atlanta, Georgia, and she will have to attend four different meetings over a period of time. They asked Mayor Bryan Martin to give an update on the city's economic development sales tax fund. The Mayor stated that the city over a period of time will pay out $80,000 for engineering costs for the water and sewer expansion recently completed on the bypass. He told the board that the city council was continuing to commit $30,000 per year for the Intermodal Authority. The city owes approximately $105,000 on the spec building in the Industrial Park. The city is committed to spending up to $150,000 on a potential project that is still being pursued. The Mayor noted that the City remains committed to economic development projects to create jobs. The board adopted the 2016 budget in the amount of $60,666.00.