DEVELOPMENT FINANCE AUTHORITY OF SUMMIT COUNTY – Board of Directors Meeting

Conference Room 408, 47 N. Main Street, Akron, OH

AGENDA – Monday, December 19, 2016 – 8:30 a.m.

CALL TO ORDER

  • Introduction of Guests

Mark Frisone, Executive Director, Family & Community Services and Chris Richardson, CEO, Axess Pointe

REGULAR MEETING

APPROVAL OF MINUTES

November21, 2016Board Meeting

NEW BUSINESS

  • Resolution 2016-037 – Adopting 2017 budget - a resolution approving the Development Finance Authority of Summit County’s operating budget for fiscal year 2017–Laurie Ann Stoddard
  • Resolution 2016-038 – Salary adjustments - a resolution approving salary adjustments for certain staff members of the Development Finance Authority of Summit County. – Chris Burnham
  • Resolution 2016-039 – Supplemental Bond Fund Budgeta resolution (i) establishing a budget for the Supplemental Bond Fund of the Development Finance Authority of Summit County by appropriating to the contract service pool account 93277-9543-45501 the sum of $25,000, and (ii) authorizing the Development Finance Authority of Summit County to expend such funds in connection with bond fund related transactions. – Laurie Ann Stoddard
  • Resolution 2016-040- Performance Bonus for Eligible Employees – a resolution authorizing payment of a performance bonus to certain eligible employees of the Development Finance Authority of Summit County. – Chris Burnham
  • Resolution 2016-041 – Amendment of the Capital Asset Policy – Laurie Ann Stoddard

UNFINISHED BUSINESS

  • NMTC & Development Fund of the Western Reserve (DFWR) Chris Burnham
  • Ohio NMTC application
  • Akron Ronald McDonald House project
  • Youngstown YMCA project
  • JetroRestaurant Depot project, last time on agenda
  • Oberlin College Foundation project
  • Lincoln Electric project
  • Great Waves project
  • Targeted Loan Fund
  • New subsidiaries, amended allocation agreement
  • Legislative & other updates
  • Legislative Updates– Chris Burnham
  • OUTSIDE ISSUER(S) – HB 403: Sponsor: Representative Mike Dovilla
  • Property assessed clean energy (PACE) energy efficiency legislation SB 185: Sponsor: Senator Bill Seitz
  • CDFA legislation, “Modernizing American Manufacturing Bond Finance Act” - CongressmanRenacci and Senator Brown
  • Proposed IRS regulation

COMMITTEE REPORTS

Executive Committee

  • November 2016 Financial Statements – Laurie Ann Stoddard
  • Trustee Report – Alyson Moritz

Personnel Committee

  • Conference callreport, heldDecember 13, 2016

CHAIRMAN’S COMMENTS – Joe Dancy

  • Officer elections

PRESIDENT’S REPORT–Chris Burnham

  • Business Marketing Activities

Strategic Plan

Hudson Rotary Club speaking engagement November 30, 2016

  • Akron Energy Special Improvement District (ESID)
  • Board reappointments
  • Project Updates
  • ABIA, report
  • Advanced Cryogenics
  • CAK Industrial Park Phase III
  • Cascade Plaza PACE project
  • Centerville/Yankee Trace special assessment project, on hold
  • Civic Theater project
  • Dublin/Bridge Parknew community authority project, open house – last time on agenda
  • Energy Efficiency Loan Loss Reserve
  • Excalibur Investments
  • Fairlawn GIG
  • Land Bank
  • Lockheed
  • Portage Family Services
  • Village of Reminderville
  • Jobs & Investment Fund Prospects (Long Term Fixed Rate Financing Program)
  • Development Prospects
  • Next Board Meeting

January 9, 2017

Adjournment