Portland Development Corporation
| DATE: | 3/18/2010 | TIME: | 4:00 PM | LOCATION: |
Room 209, Second Floor Portland City Hall |
| 1. | President's comments. A. Welcome two new Board members – Barry Sheff and Amy Visentin. B. Communication – Article that appeared in March 11, 2010, Portland Press Herald regarding “Peanut Butter Jelly Time”. |
| 2. | Review and recommendation regarding new loan request. NOTE: The Board will first hear opening comments from the loan representative, after which the Board will 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. After review and discussion, the Board will come out of executive session and vote.
A. Loan request DSM LLC, d/b/a Kamasouptra at the Public Market House, 28 Monument Square. |
| 3. | Review and accept minutes of meeting held on January 21, 2010 |
| 4. | Treasurer's Report – February 2010 – Jack Lufkin
A. Monthly Administrative Budget Report B. Loan Receivables Report C. Delinquency Report (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.) D. Cash Management Report |
| 5. | Portland Business Assistance Grant Program/Funding – See Memorandum from Greg Mitchell. |
| 6. | Update on City acquisition of Riverside Street Property. Verbal update provided at meeting for your information. NOTE: The Board may go into Executive Session pursuant to 1 M.R.S.A. 405(6)(C) and 5 M.R.S.A. 13119—A, to review and discuss sale negotiations. |
| 7. | Next Meeting Date: April 15, 2010 |
|
Andrew Nelson Board President |