2019-03-20 EDA Minutes - Approved

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