SmartZone Local Development Finance Authority Regular Meeting

SmartZone Local Dev Finance Authority City Hall Minutes Packet 300 Monroe Ave NW, 9th Floor Grand Rapids, MI 49503 September 14, 2022 @ 10:30 AM City Commission Chambers I. Call to Order PRESENT: Ostrow, Kooiman, Brophy, Callahan, Freiburger, Thelen, Gracia, Turner, Chapman, Buczkowski, Wood, Berens, Sanial ABSENT: Vanderberg, Grant, Washington, Molnar, Klooster (Excused), DeLong (Excused), Clarin (Excused) II. GR Agenda Items 1. Interim Financial Statements as of August 31, 2022 Tricia Chapman Presented Financials RESULT: APPROVED [UNANIMOUS] MOVER: Lisa Freiburger, Member SECONDER: Keith Brophy, Member YEAS: Ostrow, Kooiman, Brophy, Freiburger, Thelen ABSENT: Al Vanderberg, Jerry Callahan, Kristian Grant, Mark Washington 2. Preliminary Interim Financial Statements as of June 30, 2022 Tricia Chapman Presented Financials RESULT: APPROVED [UNANIMOUS] MOVER: Lisa Freiburger, Member SECONDER: Keith Brophy, Member YEAS: Ostrow, Kooiman, Brophy, Callahan, Freiburger, Thelen ABSENT: Al Vanderberg, Kristian Grant, Mark Washington 3. Resolution approving and authorizing execution of a Second Amendment to Restated Grant Agreement with Michigan Strategic Fund Jordan presented the contract extension and grant agreement from the Michigan Strategic Fund. RESULT: APPROVED [UNANIMOUS] MOVER: Jerry Kooiman, Secretary SECONDER: Jerry Callahan, Member YEAS: Ostrow, Kooiman, Brophy, Callahan, Freiburger, Thelen ABSENT: Al Vanderberg, Kristian Grant, Mark Washington 4. Spartan Innovations 2022 Conquer Accelerator Update Generated 11/4/2022 02:18 PM SmartZone Local Dev Finance Authority Meeting Full Page 2 September 14, 2022 Tom Stewart gave a brief update on the current Conquer Accelerator and CADE cohort RESULT: DISCUSSED 5. Appropriation of Funds for SmartZone Marketing and Communications Jordan Turner presented the request to the board to allocate funds for Marketing/Communication Services for the SmartZone. RESULT: APPROVED [UNANIMOUS] MOVER: Randy Thelen, Member SECONDER: Hal Ostrow, Chair YEAS: Ostrow, Kooiman, Brophy, Callahan, Freiburger, Thelen ABSENT: Al Vanderberg, Kristian Grant, Mark Washington Generated 11/4/2022 02:18 PM