Economic Development Corporation - Regular Meeting

Economic Development Corporation City Hall Minutes Packet 300 Monroe Ave NW, 9th Floor Grand Rapids, MI 49503 May 3, 2023 @ 8:30 AM City Commission Chambers I. Call to Order The meeting was called to order at 9:58 AM by Chair Guillermo Cisneros PRESENT: Guillermo Cisneros, Lynn Rabaut, Kristine Bersche, Troy Butler, Commissioner Nathaniel Moody, Commissioner Milinda Ysasi, Kim McLaughlin, Martin Uchendu ABSENT: Dan Barcheski, John VanFossen OTHERS: Jonathan Klooster, Christian Borg, Jordan Turner, Jessica Solis, Chad Buczkowski, Tricia Chapman II. Excused Absences 1. 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 Dan Barcheski and John VanFossen. RESULT: ADOPTED [UNANIMOUS] MOVER: Kristine Bersche, Secretary SECONDER: Nathaniel Moody, Commissioner YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, McLaughlin, Uchendu ABSENT: Daniel Barcheski, John VanFossen III. Minutes Approval 1. Approval of Minutes from February 22, 2023 No comments or corrections were noted. Motion to approve the minutes from February 22, 2023. RESULT: ACCEPTED [UNANIMOUS] MOVER: Kristine Bersche, Secretary SECONDER: Nathaniel Moody, Commissioner YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, McLaughlin, Uchendu ABSENT: Daniel Barcheski, John VanFossen IV. Financial Statements Generated 5/4/2023 10:14 AM Economic Development Corporation Meeting Full Page 2 May 3, 2023 1. Interim Financial Statements as of March 31, 2023 Tricia Chapman presented the financials and answered questions. Motion to approve Statement C. RESULT: APPROVED [UNANIMOUS] MOVER: Troy Butler, Treasurer SECONDER: Milinda Ysasi, Commissioner YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, McLaughlin, Uchendu ABSENT: Daniel Barcheski, John VanFossen V. Action Items 1. Fiscal Year 2024-2028 Priority Plan for the City of Grand Rapids Economic Development Corporation Jonathan Klooster presented the Fiscal Year 2024-2028 Priority Plan. Motion to approve and recommend the FY2024 budget to City Commission. RESULT: APPROVED [UNANIMOUS] MOVER: Troy Butler, Treasurer SECONDER: Milinda Ysasi, Commissioner YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, McLaughlin, Uchendu ABSENT: Daniel Barcheski, John VanFossen VI. Other Business None. VII. Public Comment None. VIII. Adjournment The meeting was adjourned at 10:03 AM. Generated 5/4/2023 10:14 AM