HomeMy WebLinkAboutMay 8th, 2013 JEFFERSONVILLE REVOLVING LOAN FUND COMMITTEE
REGULAR MEETING MINUTES
MAY 8, 2013
The Jeffersonville Revolving Loan Fund Committee held a Regular Meeting on May 8, 2013
that was called to order at 11:40 AM in the Mayor's Conference Room, located at 500
Quartermaster Court, Jeffersonville, Indiana.
The following board members were present: Don Allen, Barry Cahill, and Bill Keeney
Staff Members present: Kelly Phillips and DeLynn Rutherford
Guests present: Mike Kopp, Brandi and Paul Ronau participated in part of the meeting on
speaker phone
Consent Reports:
Mr. Becker made a motion to approve the minutes with Mr. Keeney seconding the motion.
Motion passed on a vote of 3 -0.
Cast Iron Skillet Revolving Loan Fund Application:
Cast Iron Skillet requested $30,000 loan on a $220,000 project. In reviewing the documentation
$185,000 of the project expense is for a refinance, which is an ineligible project expense.
Discussion was tabeled.
Restaurant Forgivable Loan Application Wording:
Mr. Cahill suggested adding a disclaimer to the application stating that the Committee can
amend or suspend the rules upon majority vote.
It was also suggested that the application include a recommendation for applicants to use
ISBDC, but this is not a requirement.
Adjournment:
Meeting was adjourned at 12:45 PM.
Don Allen, Secretary