Economic Development Corporation - Regular Meeting

Economic Development Corporation City Hall Minutes Packet 300 Monroe Ave NW, 9th Floor Grand Rapids, MI 49503 June 28, 2023 @ 8:30 AM City Commission Chambers I. Call to Order The meeting was called to order at 9:20 AM by Vice Chair Lynn Rabaut PRESENT: Lynn Rabaut, Kristine Bersche, Troy Butler, Commissioner Nathaniel Moody, Jeff Edwards, John VanFossen, Martin Uchendu ABSENT: Guillermo Cisneros, Commissioner Milinda Ysasi, Kim McLaughlin OTHERS: Jeremiah Gracia, Jonathan Klooster, Christian Borg, Jordan Turner, Jessica Solis, Chad Buczkowski, Tricia Chapman, Jessica Wood, Ryan Weiss II. Minutes Approval 1. Approval of Minutes from May 3, 2023 No comments or corrections were noted. Motion to approve the minutes from May 3, 2023. RESULT: ACCEPTED [UNANIMOUS] MOVER: Kristine Bersche, Secretary SECONDER: Troy Butler, Treasurer YEAS: Rabaut, Bersche, Butler, Moody, Barcheski, VanFossen, Uchendu ABSENT: Guillermo Cisneros, Milinda Ysasi, Kim McLaughlin III. Financial Statements 1. Interim Financial Statements as of May 31, 2023 Tricia Chapman introduced the interim financial statements. Motion to approve Financial Statement C. RESULT: APPROVED [UNANIMOUS] MOVER: Troy Butler, Treasurer SECONDER: John VanFossen, Member YEAS: Rabaut, Bersche, Butler, Moody, Barcheski, VanFossen, Uchendu ABSENT: Guillermo Cisneros, Milinda Ysasi, Kim McLaughlin IV. Action Items 1. Fiscal Year 2024 Economic Development Corporation Budget Adoption Generated 6/30/2023 12:47 PM Economic Development Corporation Meeting Full Page 2 June 28, 2023 Jonathan Klooster explained that City Commission approved of the budget with no changes. Motion to approve the FY2024 Budget Adoption. RESULT: APPROVED [UNANIMOUS] MOVER: Nathaniel Moody, Commissioner SECONDER: Troy Butler, Treasurer YEAS: Rabaut, Bersche, Butler, Moody, Barcheski, VanFossen, Uchendu ABSENT: Guillermo Cisneros, Milinda Ysasi, Kim McLaughlin V. Other Business Mr. Klooster said the next meeting may need to change dates, staff will send out a poll for availability if a change is necessary. VI. Public Comment None. VII. Adjournment The meeting was adjourned at 9:24 AM. Generated 6/30/2023 12:47 PM