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City of Centerville <br />EDA/P&Z Meeting Minutes <br />March 20, 2019 <br />VI. REPORTS <br />1. None <br />VIL 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 />