Economic Development Corporation - Regular Meeting

Economic Development Corporation 400 Monroe Avenue NW Minutes Packet 1st Floor Conference Room Grand Rapids, MI 49503 May 25, 2022 @ 8:30 AM MSU Grand Rapids Research Center I. Call to Order The meeting was called to order at 9:43 AM by Chair Guillermo Cisneros PRESENT: Guillermo Cisneros, Milinda Ysasi (left at 9:45 AM), Micah Perkins, Nathaniel Moody, John Van Fossen, Troy Butler, Daniel Barcheski, Lynn Rabaut, Kristine Bersche ABSENT: Kim McLaughlin OTHERS Jonathan Klooster, Christian Borg, Jordan Turner, Jess Solis, Tricia PRESENT: Chapman, Jessica Wood (legal counsel) II. Minutes Approval 1. Excused Absences The members who had alerted the Executive Director that they would be unable to attend ahead of time were listed. Motion to excuse the absence of Kim McLaughlin. RESULT: ADOPTED [UNANIMOUS] MOVER: Milinda Ysasi, Commissioner SECONDER: Lynn Rabaut, Vice Chair YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, Barcheski, Perkins, VanFossen ABSENT: Kim McLaughlin 2. Approval of Minutes from April 27, 2022 No corrections were noted. Motion to approve the April 27, 2022 minutes. Generated 6/14/2022 10:07 AM Economic Development Corporation Meeting Full Page 2 May 25, 2022 RESULT: ACCEPTED [UNANIMOUS] MOVER: Lynn Rabaut, Vice Chair SECONDER: Micah Perkins, Member YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, Barcheski, Perkins, VanFossen ABSENT: Kim McLaughlin III. Financial Statements 1. FY2022 Interim Financial Statements as of April 30, 2022 Tricia Chapman presented the Interim Financial Statements as of April 30, 2022. Motion to approve Financial Statement C. RESULT: APPROVED [UNANIMOUS] MOVER: Lynn Rabaut, Vice Chair SECONDER: Troy Butler, Treasurer YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, Barcheski, Perkins, VanFossen ABSENT: Kim McLaughlin Commissioner Milinda Ysasi left at 9:45 AM. IV. Action Items 1. Fiscal Year 2023 Economic Development Corporation Budget Adoption Jonathan Klooster presented the FY2023 budget adoption. Mr. Klooster noted the City Commission unanimously approved the budget with no changes at its meeting on May 14, 2022. Motion to adopt the Fiscal Year 2023 Economic Development Corporation budget. RESULT: APPROVED [UNANIMOUS] MOVER: Troy Butler, Treasurer SECONDER: Lynn Rabaut, Vice Chair YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Barcheski, Perkins, VanFossen ABSENT: Kim McLaughlin, Commissioner Milinda Ysasi (left at 9:45 AM) V. Other Business None. Generated 6/14/2022 10:07 AM Economic Development Corporation Meeting Full Page 3 May 25, 2022 VI. Public Comment None. VII. Adjournment The meeting was adjourned by Chair Guillermo Cisneros at 9:46 AM. Generated 6/14/2022 10:07 AM