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BEAR POINT MITIGATION BANK MANAGEMENT COMMITTEE
MINUTES
NOVEMBER 19, 2020 MEETING
Members Present: Glenn Henderson, Leslie Olson, and Mark Satterlee
Others Present: Roger Jacobson and Terrill Mincey
Appearing by Telephone: Heather Young
The meeting was called to order at 10:08 a.m. by Mr. Henderson, Chair, at the Bear Point Mitigation
Bank, 2601 S. Ocean Drive, Fort Pierce, Florida. Following roll call, it was determined a quorum was present.
Mr. Henderson opened the floor for public comment. There was no public comment.
Mr. Henderson noted that the minutes from a previous meeting had been included with the agenda
package. Accordingly, approval of the June 24, 2020 minutes noted on the agenda would be moved to a later
meeting.
Mr. Henderson opened the nominations for Chair for the coming year. Mr. Henderson nominated Mr.
Jacobsen who will be filling Mr. Henderson’s seat on the Committee following his retirement. Mr. Satterlee
seconded the nomination. The motion was approved by a vote of 3-0.
Mr. Henderson asked for nominations for Vice Chair for the coming year. Ms. Satterlee nominated Ms.
Olson. Mr. Henderson seconded the motion. The motion was approved a vote of 3-0.
Mr. Henderson informed the members that the available credits were unchanged and remain as follows:
Federal Credits – 6.9
State Credits – 8.10
Mr. Henderson reported the pooled cash for the Bank is currently $643,923.95.
On behalf of the other members of the Committee, Mr. Satterlee acknowledged and thanked Mr.
Henderson for his service to the Committee and his steady hand in chairing its endeavors.
There being no further business, the meeting was adjourned at 10:19 a.m.