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 March 8, 2023 @ 10:30 AM City Commission Chambers I. Call to Order The meeting was called to order at 10:30 AM by Chair Hal Ostrow PRESENT: Hal Ostrow, Al Vanderberg, Keith Brophy, Jerry Callahan, Lisa Freiburger, Mark Washington, Greg Sanial ABSENT: Jerry Kooiman, Kristian Grant, Randy Thelen OTHERS: Jeremiah Gracia, Jordan Turner, Tricia Chapman, Chad Buczkowski, Jessica Wood, John Weiss, Andria Romkema (Right Place) II. Public Comment on Agenda Items None. III. Minutes Approval 1. Approval of Minutes from February 8, 2023 No corrections or comments were noted. Motion to approve the minutes from the February 8, 2023 meeting. RESULT: ACCEPTED [UNANIMOUS] MOVER: Al Vanderberg, Treasurer SECONDER: Mark Washington, Member YEAS: Ostrow, Vanderberg, Brophy, Callahan, Freiburger, Washington, Sanial ABSENT: Jerry Kooiman, Kristian Grant, Randy Thelen IV. Financials 1. Interim Financial Statements as of February 28, 2023 Tricia Chapman introduced the financial statements and answered questions. Motion to approve financial Statement C. Generated 3/10/2023 10:52 AM SmartZone Local Dev Finance Authority Meeting Full Page 2 March 8, 2023 RESULT: APPROVED [UNANIMOUS] MOVER: Lisa Freiburger, Member SECONDER: Al Vanderberg, Treasurer YEAS: Ostrow, Vanderberg, Brophy, Callahan, Freiburger, Washington, Sanial ABSENT: Jerry Kooiman, Kristian Grant, Randy Thelen V. Action Items 1. Gateway Grand Rapids RFQ Recommendation Jordan Turner introduced the Review Committee’s recommendation, noting only 1 proposal was submitted. Motion to approve the RFQ Recommendation and execute a Gateway Services Agreement with Michigan State University Foundation. RESULT: APPROVED [UNANIMOUS] MOVER: Mark Washington, Member SECONDER: Hal Ostrow, Chair YEAS: Ostrow, Vanderberg, Brophy, Callahan, Freiburger, Washington, Sanial ABSENT: Jerry Kooiman, Kristian Grant, Randy Thelen 2. SmartZone LDFA Operators MOU Addendum Mr. Turner introduced the MOU Addendum from the agenda packet, highlighting updates from feedback gathered at the last meeting. Motion to approve Addendum I to SmartZone LDFA Operators MOU. RESULT: APPROVED [UNANIMOUS] MOVER: Greg Sanial, Member SECONDER: Al Vanderberg, Treasurer YEAS: Ostrow, Vanderberg, Brophy, Callahan, Freiburger, Washington, Sanial ABSENT: Jerry Kooiman, Kristian Grant, Randy Thelen VI. Other Business Mr. Turner gave a brief summary of the Midwest House/City of GR schedule at SXSW next week. VII. Public Comment Andria Romkema gave an update on Tech Week 2023. VIII. Adjournment Meeting was adjourned at 10:45 AM. Generated 3/10/2023 10:52 AM