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City of Centerville <br /> EDA/P&Z Meeting Minutes <br /> March 20,2019 <br /> VI. REPORTS <br /> 1. None <br /> VII. OLD BUSINESS <br /> 1. None <br /> VIL NEW BUSINESS <br /> 1. Res. EDA #19-01 —Appointment of Treasurer <br /> Administrator Statz stated that due to Mr. Gary Spanier's resignation who was the previous <br /> Treasurer, the position has been vacated. He stated that he has spoken with Commissioner <br /> Giovinazzo who is interested in the position. <br /> Motion by Commission Member Weatherhead, seconded by Commission Member Lakso to <br /> Adopt Res. EDA #19-01 — Appointment of Treasurer as submitted. All in favor. Motion <br /> carried. <br /> 2. Res. EDA #19-02 —Setting Terms of Office <br /> Administrator Statz again stated that due to Mr. Spanier's resignation, Mr. Giovinazzo's term <br /> needed to be documented. <br /> Motion by Commission Member Weatherhead, seconded by Commission Member Love to <br /> Adopt Res. EDA #19-02 —Setting Terms of Office. All in favor. Motion carried. <br /> 3. Discuss Business Incentives Loan/Grant Program <br /> Administrator Statz stated reviewed a summary of the basic terms of the draft Loan/Grant <br /> program, including interest rates, loan terms (length), loan max/min amounts, grant max/min <br /> amounts, matching requirements and the like. After some discussion, it was determined that the <br /> following items needed follow-up: <br /> • Identify three(3)banks and gain their commitment to the program <br /> • Establish whether the EDA or City Council will make final Approval of <br /> Loan/Grant Program distributions, annual budgets, other terms, etc. <br /> • Determine availability of HRA Funding for the program <br /> • Organize Business Open House to present the program (when all terms are <br /> finalized) <br /> The commission also decided that the name of the program should be "Centerville Business <br /> Loan/Grant Program." <br /> Page 2 of 4 <br /> 3 <br />