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HomeMy WebLinkAboutMinutes 08-26-2010 GREEN CDFI: SOLAR & ENERGY LOAN SUB-COMMITTEE MEETING Minutes of Meeting August 26, 2010 Convened: 1:30 P.M. Adjourned: 2:07 P.M. The meeting of the Green CDFI: Solar & Energy Loan Sub-Committee Meeting was held on Monday, August 26, 2010 in Conference Room 3 of the St. Lucie County Administration Building Annex, 2300 Virginia Avenue, Fort Pierce, Florida. Members in Attendance: Commissioner Chris Dzadovsky, Chairman Laura Hetherington, IBM SE FCU (via teleconference) Rufus Byrd, Bank Atlantic Market Manager (via teleconference) Commissioners, Staff and Guests that were present: Faye Outlaw, St. Lucie County Administrator Dan McIntyre, St. Lucie County Attorney Terri Ann Palumbo, Exec. Aide to Comm. Dzadovsky Roberta Breene, St. Lucie County Grants Glenn Henderson, St. Lucie County Grants Dan Kurek, Pres. Financial Services John Daly, Innovative Energy Products Roy Swenson, Solar Energy Solutions and NCI Marty Laven, ESS Amber Franklin, Solar Energy Systems Larry Jennings, Solar Energy Systems John Drndak, Climatic Solar ITEM 1 ~ CALL TO ORDER: The meeting was called to order by Commissioner Dzadovsky. ITEM 2 ~ SELF-INTRODUCTIONS: Commissioner Dzadovsky and those in attendance gave self-introductions. ITEM 3 ~ DISCUSSION OF POLICY Commissioner Dzadovsky asked for a motion to approve the minutes. The motion was seconded and approved. Commissioner Dzadovsky then turned the meeting over to Dan Kurek for his presentation on the policy. Dan Kurek said the document has gone from 10 pages to about 3 and a half and has been extremely streamlined. He went over the changes as outlined in the latest version. There was a discussion about solar loan credits brought up by Marty Laven. It was agreed would be discussed with the board members. Commissioner Dzadovsky stated that it seemed everyone agreed with the changes to the policy and that it was ready to present to the Solar Loan Fund. Dan Kurek said there are still issues with the application that will need to be discussed and worked through before presenting it to the board. He then said that something to think about is that no matter how many loans they get, they should probably do an RFP and have someone underwrite a position for doing the loan processing, service the applications and put the paperwork through. There being no further business, the meeting was adjourned. Respectfully submitted by: Terri Ann Palumbo, Executive Aide to Commissioner Chris Dzadovsky