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City of Centerville <br />EDA Meeting Minutes <br />June 19, 2019 <br /> <br />VII. OLD BUSINESS <br /> <br />1. None <br /> <br />VIII. NEW BUSINESS <br /> <br />1. Resolution #EDA19-05 – Establishing EDA Revolving Loan and Grant <br />Program <br /> <br />Administrator Statz reviewed the basic tenants of the revolving loan/grant program and its <br />associated guidance documents. Commission members debated various changes to the <br />documents, including which items would be eligible for funding. Changes included: <br /> Pg. 1 – Reword Code Compliance language <br /> Pg. 1 – Clarify the City’s responsibility for determining eligible costs <br /> Throughout document, replace City of Centerville with EDA to be more clear about what <br />role the EDA has vs. City Council <br /> In Section IV, move Roof repairs and replacement from being eligible for public or <br />private funding to being an eligible cost under only private funding. <br /> Pg. 3 – Replace Savings and Loan with Credit Unions <br /> Pg. 11 – Replace the words “rehabilitation of building systems, eligible interior work <br />and/or façade improvement” with “expenses” to avoid confusion as to what is eligible. <br /> Pg. 7 – Simplify language regarding grants. Current language is confusing. <br /> <br />Motion by Commission Member Weatherhead, seconded by Commission Member <br />Giovinazzo to adopt resolution #EDA 19-05, Establishing the EDA’s Revolving Loan and <br />Grant Program, with changes to the guiding documents as noted in the discussion. All in <br />favor. Motion carried. <br /> <br />2. Rescheduling July 17, 2019 Regular Meeting <br /> <br />Administrator Statz asked if the EDA would like to change the date of the regularly scheduled <br />EDA meeting since it falls during the week of the city’s festival (Fete des Lacs). The consensus <br />was that the Wednesday night activities planned for Fete des Lacs, which involved public safety <br />night, did not interfere with the business of the board, and therefore, there was not a strong desire <br />to reschedule. Since the consensus was to leave the meeting date as is, there was no formal <br />action taken. <br /> <br />3. Set date for Business Open House and Revolving Loan/Grant Program Roll- <br />out <br /> <br />Administrator Statz asked the Commission to consider a date to host an open house in order to <br />roll out the Business Loan/Grant program. Consensus was to have the open house on the same <br />night as the regular EDA meeting (July 17). <br /> <br />Page 2 of 3 <br /> <br /> <br />