Economic Development Corporation - Regular Meeting

Economic Development Corporation City Hall Minutes Packet 300 Monroe Ave NW, 9th Floor Grand Rapids, MI 49503 July 27, 2022 @ 8:30 AM City Commission Chambers I. Call to Order The meeting was called to order at 10:00 AM by Chair Guillermo Cisneros PRESENT: Guillermo Cisneros, Lynn Rabaut, Kristine Bersche, Commissioner Nathaniel Moody, Commissioner Milinda Ysasi, Daniel Barcheski, Kim McLaughlin, Micah Perkins ABSENT: Troy Butler, Jon VanFossen OTHER: Jonathan Klooster, Christian Borg, Jessica Solis, Jeremiah Gracia, Jordan Turner, Tricia Chapman, Jessica Wood, Jacey Shachter (Metric Structures) II. Excused Absences The members who alerted the Executive Director that they would be unable to attend ahead of time were listed. Motion to approve the excused absences of Troy Butler and Jon VanFossen. RESULT: ADOPTED [UNANIMOUS] MOVER: Lynn Rabaut, Vice Chair SECONDER: Micah Perkins, Member YEAS: Cisneros, Rabaut, Bersche, Moody, Ysasi, Barcheski, McLaughlin, Perkins ABSENT: Troy Butler, John VanFossen III. Minutes Approval 1. Approval of Minutes from May 25, 2022 No corrections were noted. Motion to approve the May 25, 2022 meeting minutes. Generated 8/15/2022 11:48 AM Economic Development Corporation Meeting Full Page 2 July 27, 2022 RESULT: ACCEPTED [UNANIMOUS] MOVER: Lynn Rabaut, Vice Chair SECONDER: Micah Perkins, Member YEAS: Cisneros, Rabaut, Bersche, Moody, Ysasi, Barcheski, McLaughlin, Perkins ABSENT: Troy Butler, John VanFossen IV. Financial Statements 1. Preliminary Interim Financial Statements as of June 30, 2022 Tricia Chapman presented the preliminary interim financial statements as of June 30, 2022. Motion to approve Financial Statement C. RESULT: APPROVED [UNANIMOUS] MOVER: Nathaniel Moody, Commissioner SECONDER: Micah Perkins, Member YEAS: Cisneros, Rabaut, Bersche, Moody, Ysasi, Barcheski, McLaughlin, Perkins ABSENT: Troy Butler, John VanFossen V. Action Items 1. Resolution approving a Grant Proceeds Disbursement Agreement related to a Michigan Department of Environment, Great Lakes and Energy Grant Application for the 1603 Diamond Redevelopment Project Jessica Solis presented the item and noted this project is taking place on an EGLE priority site. Ms. Solis introduced Jacey Shachter from Metric Structures to provide additional detail about the project. Motion to approve a Grant Proceeds Disbursement Agreement related to a Michigan Department of Environment, Great Lakes, and Energy Grant Application for the 1603 Diamond Redevelopment Project. RESULT: APPROVED [UNANIMOUS] MOVER: Micah Perkins, Member SECONDER: Kim McLaughlin, Member YEAS: Cisneros, Rabaut, Bersche, Moody, Ysasi, Barcheski, McLaughlin, Perkins ABSENT: Troy Butler, John VanFossen VI. Other Business Generated 8/15/2022 11:48 AM Economic Development Corporation Meeting Full Page 3 July 27, 2022 None. VII. Public Comment None. VIII. Adjournment This meeting was adjourned by Chair Guillermo Cisneros at 10:15 AM. Generated 8/15/2022 11:48 AM