Portland Development Corporation
| DATE: | 10/22/2009 | TIME: | 4:00 PM | LOCATION: |
Room 24, Basement Conference Room Portland City Hall |
| 1. | President's comments. |
| 2. | Review and recommendations regarding two new loan requests and one Development Action Grant request. NOTE: The Board will first hear opening comments from each representative of the three items listed below. The Board will then go into Executive Session pursuant to 1 M.R.S.A. 405(6)(F) and 5 M.R.S.A. 13119—A to review and discuss proprietary information of each, after which the Board will come out of executive session and vote (45 Minutes).
A. Loan Request from Home Remedies for Project at 323 Marginal Way (tentative). B. Loan Request from Bangkok Thai for project at 671 Congress Street. C. Development Action Grant request from Baxter Library LP for project at 619 Congress Street. |
| 3. | Review and accept minutes of meeting held on September 17, 2009. |
| 4. | Delinquency's Report – September 2009 – Jack Lufkin
(Note: Pursuant to 1 M.R.S.A. 405(6)(F) and 5 M.R.S.A. 13119—A, the Board may go into executive session discussion any of the loans listed on the delinquency report.) |
| 5. | Executive Session: Pursuant to 1 M.R.S.A. 405(6)(C) and 5 M.R.S.A. 13119(A), the Board will go into executive session to discuss its real estate holdings in Bayside and on Riverside Street. |
| 6. | Review and recommendation for application for CDBG Funds to Establish New DPC Business Assistance Grant Program |
| 7. | Discussion regarding:
a. Economic Development Achievement Award b. Business of the Year c. Small Business of the Year |
| 8. | Next Meeting Date: November 19 for Awards Ceremony |
|
Andrew Nelson Board President |