HomeMy WebLinkAboutMinutes 07-07-2010GREEN CDFI: SOLAR & ENERGY LOAN MEETING
Minutes of Meeting
July 7, 2010
Convened: 2:05 P.M. Adjourned: 3:35 P.M.
The meeting of the Green CDFI: Solar & Energy Loan Fund Meeting was held on
Wednesday, July 7, 2010 in Conference Room 3 of the St. Lucie County Administration
Building Annex, 2300 Virginia Avenue, Fort Pierce, Florida.
Those In Attendance:
Commissioner Doug Coward, Chairman
Charline Burgess, Aide to Commissioner Coward
Commissioner Chris Dzadovsky, District 1
Lee Ann Lowery, St. Lucie County Assistant County Administrator
Laura Hetherington, IBM SE FCU (via teleconference)
Aileen Pruitt, PNC Bank
Bill Casey, Oculina Bank
Dolly Champey, IBM SE FCU
Joseph Coury, PNC Bank, Lakewood Park Branch
Dan McIntyre, St. Lucie County Attorney
Larry Pelton, Economic Development Director
Roberta Breene, St. Lucie County Grants
Glenn Henderson, St. Lucie County Grants
John Drndak, Climatic Solar
Frank Slifka, Climatic Solar
Randi Whiddon, Eco2Asset Solutions
John Wakefield, Eco2Asset Solutions
Derrick Dukes, Dukes Construction
Ron Rickert, Affiniti Architects
Roy Swenson, Solar Energy Solutions
Mary Beth Hartman — PBC Economic Dev. Office
Lia Gaines — Business Loan Fund of PB
Greg Daniel — Business Loan Fund of PB
Green CDFI: Solar & Energy Loan Fund of St. Lucie County Meeting
July 7, 2010 Page 1
ITEM 1 N CALL TO ORDER:
The meeting was called to order at 2:05 p.m. by Commissioner Coward
ITEM 2 N SELF -INTRODUCTIONS:
Commissioner Coward and those in attendance gave self -introductions. It was noted
that Ms. Laura Hetherington was joining the meeting via teleconference.
ITEM 3 N DOE GRANT AWARD — UPDATE AND OVERVIEW:
Commissioner Coward asked Ms. Roberta Breene to give us an update on where we are
at with the Department of Energy (DOE) grant so far.
Ms. Breene gave an update on the DOE grant and provided the group with a copy of
information on the (highlight, then hold down Control, click to open doc) EECBG
Summary and Timeline 7-6-10.pdf. She said that the funds could be available by July 31,
2010, then final approval likely in mid -August. She stated that on page 2 of the
document, the timeframe is crucial, the CDFI needs to be filed by November, 2010.
Discussion ensued regarding CRA credits; mandates for the banks; and reaching out to
other banks, etc.
ITEM 4 N BOARD OF DIRECTORS (SOLAR AND ENERGY LOAN FUND) —
MEMBERSHIP UPDATES:
Commissioner Coward announced that Commissioner Chris Dzadovsky has been
appointed as the St. Lucie County BOCC member of the Board of Directors for the Fund.
Commissioner Coward said that he has reached out to numerous individuals that might
be interested in serving on the Solar Loan Fund Board of Directors. So far, we have
received letters from the following five:
1.) County Commissioner Chris Dzadovsky, BOCC representative
2.) Larry Pelton, Executive Director of the Economic Development Council
3.) Aileen Pruitt, Fla. Market Manager for PNC bank
4.) Thomas T. Cooper, AIA, American Institute of Architects Treas. Coast
5.) Julian Nazario, Program Director for the Green Collar Task Force
Dan McIntyre stated that with these five (we could always add more names later) he
could send the information to Attorney Bob Reid to get started with the incorporation
papers for the Loan Fund.
Bill Casey made a motion to accept the five individuals that have applied, Dolly Champey
seconded the motion. The motion passed by voice vote.
Green CDFI: Solar & Energy Loan Fund of St. Lucie County Meeting
July 7, 2010 Page 2
ITEM 5 N LOAN COMMITTEE:
Commissioner Coward asked for volunteers to serve on the Solar Loan Sub -Committee.
It was agreed that the following five members will serve on the Loan Committee:
1.) Commissioner Chris Dzadovsky, St. Lucie County
2.) Aileen Pruitt, PNC Bank
3.) Laura Hetherington, IBM Federal CU
4.) Bill Casey, Oculina Bank
5.) John Wakefield, Eco2 Solutions
Commissioner Coward said other sub -committees we may need to define are; Low -To -
Moderate Income (LMI); Quality Control; Demographics; Qualified Installers.
Commissioner Coward asked for volunteers for the LMI sub -committee. This is to define
the criteria and target areas. So far we have the following volunteers:
1.) Commissioner Doug Coward, St. Lucie County
2.) Dolly Champey, IBM Federal CU
3.) Lucy Carr, PNC Bank (announced by Aileen Pruitt)
Commissioner Coward said we will need a few more volunteers for the LMI committee.
The members said that they would talk about it when their loan committees meet.
Discussion ensued regarding how to handle the loans on tax bills, foreclosures, tax
credits and rebates, etc.
Ms. Lowery stated that if the timeline is August 1st, we would need to be staffed. We
could possibly hire an interim Executive Director by August 1, 2010.
Dan McIntyre suggested that we stay with Marsha Krassner, use her guidance and time-
line to help us expedite the program and the CDFI certification.
Commissioner Coward mentioned the links to the various loan applications by other
counties that we had provided on the agenda for review. Discussion ensued regarding
the applications.
Commissioner Coward thanked everyone for attending the meeting today, and also
asked Ms. Laura Hetherington (via telephone) if she had any other comments.
Ms. Hetherington said "no."
Green CDFI: Solar & Energy Loan Fund of St. Lucie County Meeting
July 7, 2010 Page 3
ITEM 6 N ADJOURN:
There being no further business, the meeting was adjourned at 3:35 p.m.
Respectfully submitted by: Charline Burgess, Aide to Commissioner Doug Coward.
Green CDFI: Solar & Energy Loan Fund of St. Lucie County Meeting
July 7, 2010 Page 4