Community Development Block Grant Revolving Loan Committee

AGENDA OF THE COMMUNITY DEVELOPMENT BLOCK GRANT REVOLVING LOAN COMMITTEE TUESDAY, NOVEMBER 11, 2025, 11:00 AM City Hall, Room 604 - The Harry Maier Room. Virtual attendance is also available via Zoom. A. Zoom Meeting Information. 1. Join Zoom Meeting Online: https://us02web.zoom.us/j/87613365927?pwd=ZnLX7C3a9ujHokTCOBK7TzBfCTAbZf.1 Or call in by phone: +1 312 626 6799 Meeting ID: 876 1336 5927 Passcode: 067732 If you wish to speak at this public meeting or leave a comment, please fill out the online Comment Form prior to the meeting. More detailed Zoom Instructions can be found online. B. Roll Call. 1. Members: Matt Schueller, Ace Champion, Eli Hicks, Bill Morgan, Bradley Klingsporn C. Approval of the Agenda. 1. Approval of the agenda for the Tuesday, November 11, 2025, meeting of the Community Development Block Grant Revolving Loan Committee. D. Approval of Minutes. 1. Approval of the minutes from the Wednesday, September 3, 2025, meeting of the Community Development Block Grant Revolving Loan Committee. E. Regular Business. 1. Consideration with possible action on a loan request by Hollywood Nails and Spa of WI LLC to borrow $25,000 for furniture, fixtures, and equipment from the Economic Development Revolving Loan Funds (ED RLF). Agenda of the Community Development Block Grant Revolving Loan Committee November 11, 2025 Page 1 F. Informational. 1. Community Development Revolving Loan Fund Status Reports. G. Adjournment. 1. Adjournment of the Tuesday, November 11, 2025, meeting of the Community Development Block Grant Revolving Loan Committee. 1) THIS MEETING IS RECORDED: THE VIDEO OF THIS MEETING AND MINUTES ARE AVAILABLE ONLINE AT www.greenbaywi.gov 2) ACCESSIBILITY: Any person wishing to attend who requires special accommodation because of a disability, should contact the City Safety Manager at 920-448-3125 at least 48 hours before the scheduled meeting time so that arrangements can be made. 3) QUORUM: Please take notice that a majority or quorum of the Common Council will attend this Community Development Block Grant Revolving Loan Committee meeting and will constitute a meeting of the Common Council for purposes of discussion and information gathering relative to this agenda. 4) REPRESENTATION: The party requesting the communication, or their representative, should be present at this meeting. Agenda of the Community Development Block Grant Revolving Loan Committee November 11, 2025 Page 2  Report to the Community Development Block Grant Revolving Loan Committee of the City of Green Bay MEETING DATE PREPARED BY November 11, 2025 AGENDA ITEM # D.1 Approval of the minutes from the Wednesday, September 3, 2025, meeting of the Community Development Block Grant Revolving Loan Committee. BACKGROUND RECOMMENDATION FISCAL IMPACT ATTACHMENTS 1. CDRLF Minutes 09.03.2025 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov MINUTES OF THE COMMUNITY DEVELOPMENT BLOCK GRANT REVOLVING LOAN COMMITTEE WEDNESDAY, SEPTEMBER 3, 2025, 8:00 AM City Hall, Room 604 - The Harry Maier Room. Virtual attendance is also available via Zoom. A. ZOOM MEETING INFORMATION. 1. Join Zoom Meeting Online: https://us02web.zoom.us/j/87613365927?pwd=ZnLX7C3a9ujHokTCOBK7TzBfCTAbZf.1 Or call in by phone: +1 312 626 6799 Meeting ID: 876 1336 5927 Passcode: 067732 If you wish to speak at this public meeting or leave a comment, please fill out the online Comment Form prior to the meeting. More detailed Zoom Instructions can be found online. B. ROLL CALL. 1. Members: Matt Schueller, Ace Champion, Eli Hicks, Bill Morgan, Bradley Klingsporn Present: Matt Schueller, Eli Hicks, William Morgan, Ace Champion (arrived at 8:15am). Excused: Absent: Bradley Klingsporn C. APPROVAL OF THE AGENDA. 1. Approval of the agenda for the Wednesday, September 3, 2025, meeting of the Community Development Block Grant Revolving Loan Committee.  Moved by Ald. William Morgan, seconded by Eli Hicks to approve the agenda of the Community Development Block Grant Revolving Loan Committee. Motion Passed. Yes-Matt Schueller, Eli Hicks, William Morgan, No-None, Abstain-None. D. APPROVAL OF MINUTES. 1. Approval of the minutes from the Tuesday, August 26, 2025, meeting of the Community Development Block Grant Revolving Loan Committee. Moved by Eli Hicks, seconded by Ald. William Morgan to approve the minutes of the Community Development Block Grant Revolving Loan Committee. Motion Passed. Yes-Matt Schueller, Eli Hicks, William Morgan, No-None, Abstain-None. E. REGULAR BUSINESS. 1. Consideration with possible action on a loan request from Salon Fifty-Four (408 Dream LLC) to borrow $245,000 for building acquisition from Community Development Revolving Loan Funds (CD RLF) and $70,000 for furniture, fixtures, and furnishings from Economic Development Revolving Loan Funds (ED RLF). Moved by Ald. William Morgan, seconded by Eli Hicks to open the floor. Motion Passed. Yes–Matt Schueller, Eli Hicks, William Morgan, No-None, Abstain-None. Speakers: Jessica Maes Matt Schueller Rossemary Alcantra – 154 N. Broadway – Salon Fifty-Four Eli Hicks Ald. William Morgan Moved by Ald. William Morgan, seconded by Eli Hicks to close the floor. Motion Passed. Yes–Matt Schueller, Ace Champion, Eli Hicks, William Morgan, No-None, Abstain-None. Moved by Ald. William Morgan, seconded by Eli Hicks, to approve the request by Salon Fifty- Four (408 Dream LLC) for the following: ▪ A CD RLF loan in the amount of $245,000 at 4% interest for 20 years, with the first 12 months interest-only, secured by a personal guarantee; and ▪ An ED RLF loan in the amount of $70,000 at 4% interest for 10 years, with the first 12 months interest-only, also secured by a personal guarantee. Motion Passed.  Yes–Matt Schueller, Ace Champion, Eli Hicks, William Morgan, No-None, Abstain-None. Scrivener’s Error Noted: A scrivener's error was identified in the Item Report for Agenda Item #E.1. The applicant's last name was incorrectly listed as Alcantara. The correct spelling is Alcantra. This correction has been entered into the record and does not affect the substance of the item. F. ADJOURNMENT. 1. Adjournment of the Wednesday, September 3, 2025, meeting of the Community Development Block Grant Revolving Loan Committee. Moved by Ald. William Morgan, seconded by Eli Hicks to adjourn the meeting. Motion Passed. Yes–Matt Schueller, Ace Champion, Eli Hicks, William Morgan, No-None, Abstain-None.  Report to the Community Development Block Grant Revolving Loan Committee of the City of Green Bay MEETING DATE PREPARED BY November 11, 2025 Jessica Maes, Economic Coordinator AGENDA ITEM # E.1 Consideration with possible action on a loan request by Hollywood Nails and Spa of WI LLC to borrow $25,000 for furniture, fixtures, and equipment from the Economic Development Revolving Loan Funds (ED RLF). BACKGROUND Hollywood Nail and Spa, located at 807 S. Military Avenue, is a locally owned and operated business that has served the Green Bay community since 2002. Owner Dung Nguyen has built a strong and loyal client base over 23 years by providing high-quality nail and spa services in a clean, welcoming, and professional environment. The salon currently employs 12 full-time and 2 part-time staff members, with plans to add two additional full-time positions following the proposed improvements. The business is requesting a $25,000 loan through the City’s Economic Development Revolving Loan Fund (ED-RLF) to purchase 14 new spa chairs with advanced sanitation features and 20 upgraded nail technician stations, which we will secure with a UCC filing. The total project cost is $38,000, with the owner contributing $13,000 in equity. These upgrades will enhance customer comfort, improve hygiene standards, and increase operational efficiency, positioning the business to maintain competitiveness in the growing beauty and wellness industry. Funds will be used within 30 - 60 days of approval, with vendors already identified. Hollywood Nail and Spa has demonstrated consistent profitability and community commitment and will comfortably service the loan over a five-year term through existing cash flow. This investment will strengthen one of Green Bay’s long- standing small businesses, retain and create local jobs, and contribute to the economic vitality of the Military Avenue commercial corridor. As part of this review, the Loan Committee has been provided with the loan application, a business plan, a full credit report, financial documentation from 2022-2024, and a 2025 year to date profit and loss statement. RECOMMENDATION To approve the request by Hollywood Nails and Spa of WI LLC to borrow $25,000 for furniture, fixtures, and equipment from the Economic Development Revolving Loan Funds (ED RLF) at 4% for 5 years, secured with a personal guarantee. FISCAL IMPACT ATTACHMENTS 1. RLF Application final 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov 2. Business Plan for Hollywood Nail and Spa 3. Credit Report 4. 1099 2022 5. 1099 2022 (1) 6. 1099 2022 (2) 7. 2023 Tax Returns 8. 2024 Tax Returns 9. Hollywood Nails & Spa of WI LLC - P&L YTD 2025 Sept page 2 of 2  Report to the Community Development Block Grant Revolving Loan Committee of the City of Green Bay MEETING DATE PREPARED BY November 11, 2025 Stephanie Schmutzer, Staff AGENDA ITEM # F.1 Community Development Revolving Loan Fund Status Reports. BACKGROUND RLF loan status reports RECOMMENDATION Receive and place in file. FISCAL IMPACT ATTACHMENTS 1. CD-RLF Report 2. ED-RLF Report 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov