SmartZone Local Development Finance Authority Regular Meeting

SmartZone Local Dev Finance Authority 400 Monroe Avenue NW Minutes Packet 1st Floor Conference Room Grand Rapids, MI 49503 February 9, 2022 @ 10:30 AM MSU Grand Rapids Research Center I. Call to Order The meeting was called to order at 10:32 AM by Chair Hal Ostrow. PRESENT: Jerry Kooiman, Hal Ostrow, Lisa Freiburger, John Helmholdt, Keith Brophy, Al Vanderberg (arrived 10:34), Mark Washington, ABSENT: Kristian Grant, Jerry Callahan OTHERS Jeremiah Gracia, Jordan Turner, Regina Pell, Jessica Wood (legal PRESENT: counsel), Paul Moore (Start Garden), Laurie Supinski (Start Garden), Bonnie Dawdy (Spartan Innovations), Frank Urban (Spartan Innovations), Tom Stewart (Spartan Innovations), Janet Wyllie (Spartan Innovations), Jeremy Evans-Smith (Ascending) II. Public Comment on Agenda Items None. III. Minutes Approval 1. Approval of Minutes from January 12, 2022 No questions or comments were noted. Motion to approve the minutes from January 12, 2022. RESULT: ACCEPTED [UNANIMOUS] MOVER: Mark Washington, Member SECONDER: Jerry Kooiman, Secretary YEAS: Ostrow, Kooiman, Freiburger, Helmholdt, Washington, Brophy ABSENT: Al Vanderberg, Jerry Callahan, Kristian Grant IV. Action Items 1. Resolution Approving Gateway Grand Rapids Amendment with Spartan Innovations Generated 3/22/2022 12:33 PM SmartZone Local Dev Finance Authority Meeting Full Page 2 February 9, 2022 Jordan Turner presented the amendment to the Gateway Grand Rapids agreement with Spartan Innovations. The amendment would extend the contract until March 31, 2023 for the amount of $105,000. Al Vanderberg arrived 10:34 AM. Motion to approve resolution approving Gateway Grand Rapids Amendment with Spartan Innovations. RESULT: APPROVED [6 TO 0] MOVER: Mark Washington, Member SECONDER: Keith Brophy, Member YEAS: Ostrow, Vanderberg, Freiburger, Helmholdt, Washington, Brophy ABSTAIN: Jerry Kooiman ABSENT: Jerry Callahan, Kristian Grant V. Reports 1. Spartan Innovations Conquer Accelerator and Conquer Accelerator Diversity in Entrepreneurship Program (CADE) 2021 Cohort Report Tom Stewart with Spartan Innovations went over the report included in the agenda packet. Jeremy Evans-Smith with Ascending spoke about his experience with the Conquer program. RESULT: DISCUSSED VI. Other Business Mr. Ostrow informed the board that Dante Villarreal had resigned. Mr. Ostrow expressed the board’s appreciation for Mr. Villarreal’s service to the LDFA. Jeremiah Gracia also informed the board on the plan for the budget process, which would result in a priority plan being brought before the board for recommendation to the City Commission at the March or April meeting. VII. Public Comment None. VIII. Adjournment The meeting was adjourned at 11:01 AM by Chair Ostrow. Generated 3/22/2022 12:33 PM