Planning & Urban Development Department | 389 Congress St | Room 308 | Portland, Maine 04101 | 207-874-8683
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CITY OF PORTLAND, MAINE
Notice of Meeting

Portland Development Corporation

DATE: 4/28/2011
TIME: 4:00 PM
LOCATION: Room 24, Basement Conference Room
Portland City Hall
AGENDA

1. President's comments.
2. Review and accept minutes of meeting held on March 17, 2011.
3. 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 from Advance Electronic Concepts, 26 Evergreen Drive, Portland

4. Treasurer's Report – March 2011 – 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. Update regarding CDBG application for Business Assistance Grant Program
6. Loan Subcommittee Update

a. Recommendation for Loan Program Revisions
b. Recommendations to Invest in Economic Development Activities

7. Next Meeting Date: May 19, 2011

Sam Spencer
Board President