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HomeMy WebLinkAboutMinutes 08-13-2010 GREEN CDFI: SOLAR & ENERGY LOAN FUND OF ST. LUCIE COUNTY, INC. BOARD OF DIRECTORS MEETING Minutes of Meeting August 13, 2010 Convened: 1:35 P.M. Adjourned: 3:55 P.M. The meeting of the Green CDFI: Solar & Energy Loan Fund of St. Lucie Co., Inc., Board of Directors meeting was held on Friday, August 13, 2010 in Conference Room 3 of the St. Lucie County Administration Building Annex, 2300 Virginia Avenue, Fort Pierce, Florida. Board Members Present: Commissioner Doug Coward, Chairman Commissioner Chris Dzadovsky, District 1 Aileen Pruitt, PNC Bank – (via teleconference) Larry Pelton, Economic Development Director Kyle Abney, USGBC & Abney Green Solutions Tom Cooper, AIA Treasure Coast/TCBA Al Roberts, Indian River State College Bob Ludlum, Aqua Dimensions and TCBA Board Member(s) Absent: Julian Nazario, Program Director for the Green Collar Task Force Other Sub-Committee Members, Staff and Guests that were present: Laura Hetherington, IBM SE FCU (via teleconference) John Wakefield, Eco2Asset Solutions Teresa Idzior, Seacoast National Bank Dan McIntyre, St. Lucie County Attorney Charline Burgess, Ex. Aide to Commissioner Coward Terri Palumbo, Ex. Aide to Commissioner Dzadovsky Lee Ann Lowery, St. Lucie County Assistant County Administrator Roberta Breene, St. Lucie County Grants Glenn Henderson, St. Lucie County Grants Dan Kurek, Consultant for St. Lucie County John Drndak, Climatic Solar Frank Slifka, Climatic Solar Roy Swenson, Solar Energy Solutions Larry Jennings, Solar Energy Systems Marty Laven, Energy Structures & Systems Amy Brunjes, Fla. Power & Light Co. Dan Haywood, Fla. Power & Light Co. Green CDFI: Solar & Energy Loan Fund of St. Lucie County Meeting August 13, 2010 Page 1 ITEM 1 ~ CALL TO ORDER: The meeting was called to order at 1:35 p.m. by Commissioner Coward. ITEM 2 ~ SELF-INTRODUCTIONS: Commissioner Coward and those in attendance gave self-introductions. It was noted that Ms. Aileen Pruitt and Ms. Laura Hetherington were joining the meeting via teleconference. ITEM 3 ~ INTRODUCE BOARD OF DIRECTORS SOLAR & ENERGY LOAN FUND: Commissioner Coward introduced the new Board members, Commissioner Chris Dzadovsky, Mr. Larry Pelton, Ms. Aileen Pruitt, and Mr. Tom Cooper. Mr. Julian Nazario was absent due to a medical issue with his wife. ITEM 4 ~ CONSIDERATION OF THE PROPOSED BYLAWS AND CONSIDERATION OF THE THREE NEW MEMBERS OF THE BOARD OF DIRECTORS AS PRESENTED BY DAN McINTYRE, COUNTY ATTORNEY: Mr. McIntyre called for a motion to approve the Bylaws along with the addition of three new members. A motion was made by Larry Pelton, seconded by Tom Cooper and the motion was approved by voice vote. Mr. McIntyre called for a motion to appoint the three new members to the Board. A motion was made by Larry Pelton and seconded by Aileen Pruitt and the motion was approved by voice vote. Mr. McIntyre called for a motion to release outside council, Robert Reid, Bryant, Miller & Olive. A motion was made and seconded and motion was approved by voice vote. Mr. McIntyre called for motions for the appointment of officers of the corporation. (The Official Minutes of the Organizational meeting are attached as Exhibit “A”.) Let it be duly noted that after the President of the Board of Directors was elected, that Commissioner Doug Coward, Chairman passed the gavel to the President, Commissioner Chris Dzadovsky. One of the members asked Mr. McIntyre whether or not this board was subject to the Florida Sunshine Laws. Green CDFI: Solar & Energy Loan Fund of St. Lucie County Meeting August 13, 2010 Page 2 Mr. McIntyre stated no, due to the fact that this is a 501(3)(C) non-profit organization. He said that he would double check with the Attorney General’s office to make sure. ITEM 5 ~ UPDATE ON LOAN POLICIES FROM MR. DAN KUREK: Mr. Kurek stated that he wanted to go through the policy changes and loan procedures with this board that the members of the Loan Fund Sub-Committee had worked on at their last meeting. Commissioner Coward explained the loan process, and especially keeping the interest low on these loans. There were lengthy discussions and suggestions made for Mr. Kurek by the Board Members to take back to the Sub-Committee. Mr. Kurek said that he would provide a newer version of the updates to the Board Members prior to their next meeting. President Dzadovsky restated to the members the issues and direction that he had received from this Board that he would take back to the Sub-Committee. ITEM 6 ~ UPDATE ON LOW TO MODERATE INCOME (LMI) BOUNDARIES BY GLENN HENDERSON: Mr. Henderson provided a colored map that defined the CDFI-SELF Investment market for St. Lucie County. He said he found a lot of information on the Treasury Dept. website http://cdfifund.gov/ ITEM 7 ~ UPDATE ON ADDITIONAL FINANCIAL PARTNERS (pending): Ms. Roberta Breene restated that the $500,000 and $800,000 dollar grants are still pending. Commissioner Coward stated that he is still having meetings and giving presentations to various banking institutions about this project. He said that there should be a time frame that the Loan Sub-Committee could have the loan procedures and application ready. He said there should be a point person or hire a full time Executive Director to get ready to issue loans and get the marketing done. He also said that we could contact Erick Gill, PIO for the County and ask him to run announcements on SLCTV. President Dzadovsky said the Sub-Committee could have something ready for this board by August 31, 2010. ITEM 8 ~ GENERAL DISCUSSION President Dzadovsky announced that St. Lucie County and Commissioner Coward are finalists for the USGBC South Florida Chapter’s GalaVerde: 2010 LEEDership and Green Awards Program. St. Lucie County for “Outstanding Green Government” and Commissioner Coward for Green CDFI: Solar & Energy Loan Fund of St. Lucie County Meeting August 13, 2010 Page 3 “Outstanding Green Elected Official.” The announcements will be made at the USGBC GalaVerde event in Ft. Lauderdale on August 28, 2010. There was a round of applause for Commissioner Coward and St. Lucie County! President Dzadovsky thanked everyone for attending the meeting today, and also asked Ms. Pruitt and Ms. Hetherington (via telephone) if they had any further comments. Ms. Pruitt and Ms. Hetherington stated “no.” ITEM 6 ~ ADJOURN: There being no further business, the meeting was adjourned at 3:55 p.m. Respectfully submitted by: Charline Burgess, Aide to Commissioner Doug Coward. Green CDFI: Solar & Energy Loan Fund of St. Lucie County Meeting August 13, 2010 Page 4