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 May 10, 2023 @ 10:30 AM City Commission Chambers PRESENT: Hal Ostrow, Jerry Kooiman, Keith Brophy, Jerry Callahan, Lisa Freiburger, Randy Thelen, Greg Sanial, ABSENT: Vanderberg, Washington OTHERS: Jordan Turner, Tricia Chapman, Chad Buczkowski, Jessica Wood, Jeremiah Gracia, Paul Moore (Start Garden), Kyle McGregor (Spartan Innovations), Hannah Bermeister (Lambert), Cara Lutz (Lambert), Sadoc Parades (Vetr), Rachel Berkal (Vetr) I. Call to Order The meeting was called to order at 10:33 AM by Chair Hal Ostrow II. Public Comment on Agenda Items None. III. Minutes Approval 1. Approval of Minutes from April 12, 2023 No corrections or comments were noted. Motion to approve the minutes from April 12, 2023. RESULT: ACCEPTED [UNANIMOUS] MOVER: Randy Thelen, Member SECONDER: Jerry Kooiman, Secretary YEAS: Ostrow, Kooiman, Brophy, Callahan, Freiburger, Thelen, Sanial ABSENT: Al Vanderberg, Mark Washington IV. Financials 1. Interim Financial Statements as of April 30, 2023 Tricia Chapman presented the financial statements. Motion to accept Financial Statement C. Generated 5/11/2023 12:48 PM SmartZone Local Dev Finance Authority Meeting Full Page 2 May 10, 2023 RESULT: APPROVED [UNANIMOUS] MOVER: Lisa Freiburger, Member SECONDER: Greg Sanial, Member YEAS: Ostrow, Kooiman, Brophy, Callahan, Freiburger, Thelen, Sanial ABSENT: Al Vanderberg, Mark Washington V. Reports 1. SmartZone Operators Quarterly Report Paul Moore and Kyle McGregor went through the presentation in the agenda packet. Rachel Berkal and Sadoc Parades introduced Vetr Health and their evolution from startup to now. 2. Lambert Marketing Update Hannah Bermeister and Cara Lutz explained what Lambert has done since the start of the contract in January and what their next steps are for Q2. VI. Other Business 1. Strategic Planning Discussion Jordan Turner gave an explanation of investment guidelines through the TIF and Development Plan. The 4 areas of focus are: Inspiration, Mentoring, Access to Resources; Infrastructure and Physical Space; Connection and Awareness; Talent. The Board would like to schedule a Special Meeting to have a Strategic Planning Work Session. VII. Public Comment Randy Thelen appreciated Vetr’s path to success presentation. VIII. Adjournment The meeting was adjourned at 11:43 AM. Generated 5/11/2023 12:48 PM