Economic Development Corporation - Regular Meeting

Economic Development Corporation City Hall Minutes Packet 300 Monroe Ave NW, 9th Floor Grand Rapids, MI 49503 December 6, 2023 @ 8:30 AM City Commission Chambers PRESENT: Jeff Edwards, Guillermo Cisneros, Lynn Rabaut, Kristine Bersche, Troy Butler, Commissioner Milinda Ysasi, Kim McLaughlin, John VanFossen ABSENT: Brooke Oosterman, Commissioner Nathaniel Moody, Martin Uchendu OTHERS: Jonathan Klooster, Christian Borg, Jordan Turner, Jessica Solis, Chad Buczkowski, Tricia Chapman, Jessica Wood, Kristin Turkelson I. Call to Order The meeting was called to order at 9:05 AM by Chair Guillermo Cisneros. 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 excuse the absence of Commissioner Nathaniel Moody and Martin Uchendu. RESULT: ADOPTED [UNANIMOUS] MOVER: Lynn Rabaut, Vice Chair SECONDER: Milinda Ysasi, Commissioner YEAS: Edwards, Cisneros, Rabaut, Bersche, Butler, Ysasi, McLaughlin, VanFossen ABSENT: Brooke Oosterman, Nathaniel Moody, Martin Uchendu III. Public Comment on Agenda Items None. IV. Minutes Approval 1. Approval of Minutes from October 25, 2023 No comments or corrections were noted. Motion to approve the minutes from October 25, 2023. Generated 12/7/2023 01:56 PM Economic Development Corporation Meeting Full Page 2 December 6, 2023 RESULT: ACCEPTED [UNANIMOUS] MOVER: Lynn Rabaut, Vice Chair SECONDER: Milinda Ysasi, Commissioner YEAS: Edwards, Cisneros, Rabaut, Bersche, Butler, Ysasi, McLaughlin, VanFossen ABSENT: Brooke Oosterman, Nathaniel Moody, Martin Uchendu V. Financial Statements 1. Interim Financial Statements as of October 31, 2023 Tricia Chapman presented the financials. There were no questions. Motion to accept Financial Statement C. RESULT: APPROVED [UNANIMOUS] MOVER: Troy Butler, Treasurer SECONDER: Lynn Rabaut, Vice Chair YEAS: Edwards, Cisneros, Rabaut, Bersche, Butler, Ysasi, McLaughlin, VanFossen ABSENT: Brooke Oosterman, Nathaniel Moody, Martin Uchendu VI. Action Items 1. Approval of a $40,000 Strategic Plan Implementation Investment to procure architectural and construction plans for small-scale residential development. Jonathan Klooster gave a presentation on the development of preapproved single- family home architectural and construction plans that will reduce barriers and increase access to opportunity. These plans will conform to building/zoning requirements for existing City owned plots. Motion to approve a not to exceed amount of $40,000 for Strategic Plan Implementation Investment to procure architectural and construction plans for small-scale residential development. RESULT: APPROVED [UNANIMOUS] MOVER: Milinda Ysasi, Commissioner SECONDER: Lynn Rabaut, Vice Chair YEAS: Edwards, Cisneros, Rabaut, Bersche, Butler, Ysasi, McLaughlin, VanFossen ABSENT: Brooke Oosterman, Nathaniel Moody, Martin Uchendu 2. Approval of the 2024 Meeting Schedule The 2024 amount of meetings have been reduced from monthly but still allows for budget process flexibility. Motion to approve the 2024 Meeting schedule. Generated 12/7/2023 01:56 PM Economic Development Corporation Meeting Full Page 3 December 6, 2023 RESULT: APPROVED [UNANIMOUS] MOVER: John VanFossen, Member SECONDER: Milinda Ysasi, Commissioner YEAS: Edwards, Cisneros, Rabaut, Bersche, Butler, Ysasi, McLaughlin, VanFossen ABSENT: Brooke Oosterman, Nathaniel Moody, Martin Uchendu VII. Other Business 1. Election of Officers for Calendar Year 2024 Mr. Klooster reminded the board to submit officer nominations to him for January 2024 office elections. 2. Kim McLaughlin departure Mr. Klooster and various board members thanked Kim McLaughlin for her service and time on the EDC and Brownfield boards. Ms. McLaughlin has termed out and this is her last meeting. VIII. Public Comment None. IX. Adjournment The meeting adjourned at 9:38 AM. Generated 12/7/2023 01:56 PM