March 2010 - No meeting scheduled in March
April 2010 - No meeting scheduled in April
June 2010 - No meeting scheduled in June
July 2010 - No meeting scheduled in July
September 2010 - No meeting scheduled in September
October 2010 - No meeting scheduled in October
November 2010 -No meeting scheduled in November
PrairieDevelopment Corporation
Board of Directors Meeting Minutes
January 6, 2010
A joint meeting of the Prairie Development Corporation Loan Committee and Board of Directors was held by telephone conference call on January 5, 2010. The meeting was called to order by Chairman Dana Siekman, with the following members (in addition to Dana) participating: Ed Rarick, Myron Sams, Lynne Stutz and Nancy Bogenhagen. Other participants included Maryjo Downey, PDC administrator; Terry Blevins, Special Projects Director; Roni Wisdom and Dick Davidson, Business Loan Consultants for San Luis Valley Development Resources.
Jo Downey said the PDC Board and Loan Committee are currently short two members, as the position formerly held by Lori Kelly in Elbert County remains vacant, and Deni Coryell of Kit Carson County resigned in December to pursue higher education.
The Board dispensed with consideration of the previous meeting’s Minutes and moved directly into the business loan application discussion.
The committee heard Roni Wisdom and Dick Davidson present an application for a Micro Enterprise loan for a start-up industry in Elbert County. Funding for this start-up business would include: $100,000 from the PDC; a $50,000 “carry back” loan by the sellers of the industry’s machinery (at 7% interest with a 15 year amortization and a two year balloon); a $40,000 loan from an unidentified investor (also 7% interest with a 15 year amortization and a seven year balloon); and $30,000 of the applicant’s own cash. This business would create two jobs initially.
Following the presentation and subsequent Loan Committee discussion, which contained privileged information not included in these PDC Board of Directors Minutes, Nancy Bogenhagen moved the PDC Board approve the Micro Enterprise loan application, with the following terms and conditions, and submit it to the state for approval:
• Loan amount: $100,000
• Term: 120 months
• Rate: 5.25%
• Repayment: to begin within 45 days of closing
• Collateral: UCC filing (first security position) on accounts, receivables, inventory, equipment, furniture and fixtures; Deed of Trust (second security position) on the 5-acre tract used by the borrower as a residence.
• Fees: 2% origination fees which includes all fees.
In addition, the equipment sellers are to be asked to extend their balloon payment from two years to five years, and verification of the private investor’s contribution is to be obtained. Lynne Stutz seconded the motion, which carried by a vote of 3 to 2, with Ed Rarick and Myron Sams opposed.
Ed Rarick expressed appreciation to Roni Wisdom and Dick Davidson for their efforts in assisting with development of the loan application just approved.
The Board next considered a request from the Northeast-East Central Colorado Small Business Development Center (SBDC) in Fort Morgan. In a letter dated December 11, SBDC Executive Director Richard Pickett asked PDC to become a financial supporter by investing $5,000 in the SBDC. The SBDC fosters growth and development in northeastern and east central Colorado communities by providing free business assistance and information to existing and new small businesses. Jo Downey told the Board that area businesses get assistance from the SBDC, but the extra money would help the agency do more in this region. She recommended approval of the request. Ed Rarick moved the PDC invest in the SBDC program as a community partner through an expenditure of $5,000. Myron Sams seconded the motion, which carried unanimously. The Northeast-East Central SBDC is primarily funded by the Small Business Administration and the Monfort College of Business at the University of Northern Colorado.
The next meeting of the PDC Board of Directors will be Wednesday, February 24, 2010 at Limon.
Dana Siekman declared the meeting adjourned at 9:43 a.m.
Prairie Development Corporation
Board of Directors Meeting Minutes
February 24, 2010
Call to Order
Chairman Dana Siekman called the meeting of the Prairie Development Corporation Board of Directors to order at 7:06 p.m. at the First National Bank of Hugo at Limon, Colorado. In addition to Dana Siekman, board members present included Dorothy Stone, Myron Sams, Craig Curl and Ed Rarick. Staff members present were Maryjo Downey, PDC Administrator, and Terry Blevins, Special Projects Director.
Approval of Minutes
Board members proceeded with review of the Minutes of the August 26, 2009 meeting and the January 6, 2010 conference call meeting. Myron Sams moved the August 26, 2009 meeting and the January 6, 2010 conference call meeting Minutes be approved as submitted; Ed Rarick seconded the motion, which carried unanimously.
Financial report
Jo Downey presented the monthly list of bills totaling $180,781.19, along with financial reports for the months of August through December 2009. Dorothy Stone moved the Board accept the financial reports and ratify payment of the listed bills. Ed Rarick seconded the motion, which carried unanimously.
Business Loan Recommendations
There were no business loan recommendations to come before the Board.
Housing Loan Recommendations
There were no housing loan recommendations to come before the Board.
CTB Marketing Grant/Event Selections
Jo Downey said she had received no response from board members of the East Central Council of Local Governments and Prairie Development Corporation, nor from any of the museum attractions in the region, regarding ways to select one major event in each county for heavy radio and television marketing using the new Tourism Marketing Grant to PDC. To move the project forward, she said she has decided to have the ECCOG and PDC board members in each county make the selection for that county.
Jo said she soon would make available the guidelines and applications for event promoters wishing their events to be considered for this project. She said criteria for the events include: not more than one of the four selected events will be of the same type; event promoters must desire additional attendees at their events, and must demonstrate the capacity to handle an increased turnout; and the selected events must have a positive local economic impact.
2010 Events Guide
Jo Downey said the notices to all known interested parties had been sent, requesting updated information for the new Events Guide, which will go to press in mid-April.
Off the Beaten Trail Update
The Off the Beaten Trail project is completed, though later than planned, Jo Downey said. There may be an opportunity this coming fall to apply for funding to do additional sites.
Limon Housing Purchases
Jo Downey told the Board that the Limon housing rehabilitation projects would be going to bid once the specifications are completed. When work is completed, the two houses will be sold to low- to moderate-income homebuyers. She said the project in Stratton was completed and the house was sold for $130,000. PDC paid $80,000 for the house and performed about $35,000 in work to make it satisfactory for resale. In the case of the Stratton project, prospective buyers were not limited by income.
Little Homes on the Prairie Web Site
Jo Downey said this project is in the development stages.
Comprehensive Economic Development Strategy (CEDS) Update
This region’s CEDS document was updated as required and approved by the federal Economic Development Administration. This CEDS will be operational for five years (2010-2014) before it must be updated again.
PDC “Real Estate” Update
Jo Downey told the Board that all PDC rental properties are occupied except for the newly refurbished units at Kit Carson. The local management group is advertising the availability of the units and expects to have the remaining units filled before long.
Stratton Office Sidewalks
Jo Downey circulated photographs of the sidewalk in front of the COG offices in Stratton and described developing cracks and the resulting safety issues. The office building is owned by PDC. She said she had received a bid from Ron Lueck for replacing the sidewalk, and for redoing the concrete patios on the west side of the building to keep draining water from running back into the building. She said the contractor plans to install pylons in front of the building to help keep the new concrete from heaving and cracking. Myron Sams moved to Ron Lueck’s bid of $6,430 to direct him to proceed as planned. Ed Rarick seconded the motion, which passed unanimously. Jo said work would be completed in May.
Loan Activity Status
Jo Downey reported the office continues to receive inquiries regarding new business loans but few of them progress to the loan application stage.
EZ Credit Summary
The Board received copies of the 2009 Enterprise Zone contribution reports with their pre-meeting packets. There were 66 cash contributions to 10 organizations in three counties, totaling $117,877.90, which earned state income tax credits of 25 percent for the donors. There also were three in-kind contributions for one organization totaling $29,226.25 and earning state income tax credits of 12.5 percent for the donors.
The Board also noted tax credits of $1,599,210 earned by qualifying businesses in the region in 2009. Most of the credits were investment tax credits in the agriculture industry.
Next Meeting Date/Location
The next meeting of the PDC Board of Directors will be Wednesday, April 28, 2010.
Other
There was no other business to come before the Board.
Adjournment
There being no other business, Dana Siekman declared the meeting adjourned at 8:28 p.m.
May 26, 2010
Call to Order
Chairman Dana Siekman called the meeting of the Prairie Development Corporation Board of Directors to order at 7:25 p.m. at the Health Services Building of the Elbert County Fairgrounds, Kiowa, Colorado. In addition to Dana Siekman, board members present included Dorothy Stone, Myron Sams, Craig Curl, Ed Rarick, Nancy Bogenhagen and Rol Hudler. Staff members present were Maryjo Downey, PDC Administrator, and Terry Blevins, Special Projects Director.
Approval of Minutes
Board members proceeded with review of the Minutes of the February 24, 2010 meeting. Myron Sams moved the February 24, 2010 meeting Minutes be approved as submitted; Ed Rarick seconded the motion, which carried unanimously.
Financial report
Jo Downey presented the monthly list of bills totaling $53,511.23, along with financial reports for the months of February and March 2010. Nancy Bogenhagen moved the Board accept the financial reports and ratify payment of the listed bills. Dorothy Stone seconded the motion, which carried unanimously.
Business Loan Recommendations
There were no business loan recommendations to come before the Board.
Housing Loan Recommendations
There were no housing loan recommendations to come before the Board.
CTB Marketing Grant/Event Selections/First Saturday
Jo Downey reminded the Board that the $15,000 Colorado Tourism Board marketing grant, matched with $7,500 in other PDC funds, is to pay for special, heavy promotion for four events in 2010—one in each county. The events, selected by committees comprised of East Central Council of Local Governments and Prairie Development Corporation Board members in each county, included: Simla Days in Elbert County; Burlington’s Celebration of Summer in Kit Carson County; the Limon Heritage Festival in Lincoln County; and the Cheyenne Wells Tumbleweed Festival in Cheyenne County.
The grant funds also will fund four “fam” tours, bus tours from the metropolitan areas to familiarize tour companies, recreation media and the general public with the attractions in this region.
Jo also reported on plans for the First Saturday event on the grounds of the Governor’s Mansion in Denver June 5, describing expected participants and scheduled events. This event will give the Denver general public an opportunity to see examples of heritage tourism and other summer events on Colorado’s Central Plains that are suitable for families looking for day or weekend recreational activities.
2010 Events Guide
Jo Downey said the new Events Guide has been completed, and she circulated copies to Board members. Events scheduled too late or otherwise missed in the guide can still be included on the copy posted on the Our Journey website, she added.
Off the Beaten Trail and Our Journey Updates
Jo Downey said the 2010 Our Journey season is under way, and visitors to each museum will this year receive a “carabiner,” a colorful clip bearing the name and symbol of that museum, upon presentation of an Our Journey ticket. Visitors will be encouraged to collect all 13 carabiners, Jo said, and those collecting eight or more will be eligible to win a free stay at one of the region’s bed & breakfast facilities.
Limon Housing Rehab Bids
Terry Blevins reported that two contractors bid the rehabilitation projects in Limon, with the apparent low bidder being Hake Construction of Stratton. Rol Hudler moved the Board affirm a contract with Hake Construction, the apparent low bidder for the project. Ed Rarick seconded the motion, which carried unanimously.
Jo Downey also circulated copies of the new federal low- to moderate-income guidelines, used as one of the benchmarks to determine eligibility for the housing and business loan programs.
Little Homes on the Prairie Web Site dba Home Sweet Prairies
Jo Downey said this website is being developed and plans are completed for marketing its availability. Jo said PDC hopes to link this site to all real estate offices within the area, to make it easier for homebuyers to find available properties in this region. She said she expects the site to also help promote home businesses.
PDC “Real Estate” Update
Jo Downey gave this update during the non-public Loan Committee meeting immediately prior to the Board meeting.
Stratton Office Concrete Repair Status
Jo Downey said anticipated concrete repairs in front of, and behind, the building rented to East Central Council of Local Governments in Stratton has not been implemented, to date.
Loan Activity Status
Jo Downey said she continues to have contacts with individuals needing to refinance existing debt or hoping to find grants to finance their businesses. However, she said she has referred a half-dozen of the individuals with more promising ideas for assistance with business plan development.
Enterprise Zone Legislation
Jo Downey gave a brief report on Enterprise Zone legislation from the recent legislative session, and described SB 10-162 as a “challenging change.” Beginning January 1, 2012, businesses must be pre-certified prior to earning any of the EZ tax credits, except in the case of the contribution credit. This bill also established a time frame for development of an on-line pre-certification and certification process so that certifications can be signed electronically.
Next Meeting Date/Location
The next meeting of the PDC Board of Directors will be Wednesday, August 25, 2010 in Flagler.
Other
Craig Curl circulated brochures and discussed briefly formation of the Plains Art Guild to provide education and support for artists throughout the four counties. Artists based in the region are eligible for free membership in the guild, he said.
Adjournment
There being no other business, Dana Siekman declared the meeting adjourned at 8:37 p.m.
Prairie Development Corporation
Board of Directors Meeting Minutes
August 25, 2010
Call to Order
Chairman Dana Siekman called the meeting of the Prairie Development Corporation Board of Directors to order at 7:30 p.m. at the I-70 Diner, Flagler, Colorado. In addition to Dana Siekman, board members present included Dorothy Stone, Myron Sams, Ed Rarick, Nancy Bogenhagen, Lynne Stutz and Rol Hudler. Also present were Maryjo Downey, PDC Administrator, and Terry Blevins, Special Projects Director, and a guest, Richard Pickett, Executive Director of the Small Business Development Center.
Approval of Minutes
Board members proceeded with review of the Minutes of the May 26, 2010 meeting. Ed Rarick moved the May 26, 2010 meeting Minutes be approved as submitted; Myron Sams seconded the motion, which carried unanimously.
Financial report
Jo Downey presented the list of bills for the months of May, June, July and August, totaling $117,862.47, along with financial reports for the months of April, May and June, 2010. Rol Hudler moved the Board accept the financial reports and ratify payment of the listed bills. Dorothy Stone seconded the motion, which carried unanimously.
Business Loan Recommendations
There were no business loan recommendations to come before the Board.
Housing Loan Recommendations
There were no housing loan recommendations to come before the Board.
Small Business Development Center Presentation/Dick Pickett
Dick Picket made his presentation to the Board, describing the Small Business Development Center’s activities and results, prior to the meeting. Based on that previous discussion, Rol Hudler moved the PDC commit to $20,000 support for the SBDC ($5,000 per county) to ensure on-site SBDC services in each county at least one day per month in 2011. Myron Sams seconded the motion, which carried unanimously. It was stated that services would rotate between the east and west ends in Kit Carson County, and in the other counties, if possible.
2010 CTB Marketing Grant/Close-out Results
Jo Downey provided the Board with summaries of media coverage for the Our Journey and Off The Beaten Trail programs over the past summer. She said requests for Our Journey information packets continued to come in over the past summer, and distribution of the packets was concentrated within Colorado. Participants in both programs were highly complimentary of the museums and other attractions, she said. This past season, a couple of the museums were unable to remain open during the advertised hours, which caused some public relations issues with travelers from a distance. Jo said she will be working with those museums over the winter to resolve the problem.
2011 CTB Marketing Grant
Jo Downey reported that the East Central Council of Local Governments would be the applicant for 2011 Colorado Tourism Board marketing grant funds, rather than PDC. She explained the ECCOG Board meets more often, and ECCOG already administers the Enterprise Zone marketing program. ECCOG has a fulltime fiscal person on staff, also, while PDC contracts for fiscal duties on a part time basis.
ECCOG will be seeking $15,000 in grant funds to conduct another radio ad campaign, to place Internet banner advertising, and to update the website. Grant matching funds will be required on a one-to-one ration, rather than one-to-two, as in the past, Jo said.
2010 Off the Beaten Trail and Our Journey Updates
Status of these projects was reported as part of earlier agenda items.
Limon Housing Rehab Status
Terry Blevins reported the contractor making good progress on the rehabilitation of the two homes in Limon purchased by PDC. There were some setbacks in the electrical and plumbing areas with one of the houses, but work there is nearly completed. Terry said the second house appears to have none of the unexpected issues that arose with the first one, and work should proceed more quickly, with completion around the end of September. A hailstorm in July damaged both roofs, which were replaced. Roof repair was not a part of the original projects, but the cost was covered by insurance.
Little Homes on the Prairie Web Site dba Home Sweet Prairies
Jo Downey said this project is designed to encourage people to move to eastern Colorado to live, to start businesses or to obtain employment locally. The project will utilize a new website with links to the websites of area real estate firms. Jo said she will begin contacting those firms about the project once the website is ready for review, hopefully within the next six weeks.
Market Place Contribution
Jo Downey reported that the Colorado Entrepreneurship Marketplace would be held in Limon October 15th. She said all state funding agencies will be in attendance, and she asked the Board to approve up to $1,500 in scholarships to encourage area businesses to participate. Rol Hudler moved the PDC provide up to $1,000 to fund tuition scholarships for persons from this region wanting to attend the Marketplace.Ed Rarick seconded the motion, which carried unanimously.
PDC “Real Estate” Update
All PDC rentals are occupied, according to Jo Downey, and the rent payments are current on most of them.
CDBG Blight Application Status
Jo Downey said East Central Council of Local Government’s concept paper regarding the blight project has been submitted, but there has been no answer from the State of Colorado to date. She said PDC has proposed using $500,000 in Community Development Block Grant funds to acquire blighted properties in the four counties and to abate the blight.
Stratton Office Concrete Repair Status
Jo Downey said the bid accepted by PDC for the replacement of concrete on both sides of the PDC-owned building in Stratton remains firm, but work has not commenced.
CEDS Update Process
The region’s Comprehensive Economic Development Strategy document will be reviewed to see if updates are necessary. Jo Downey said there may be one meeting of the CEDS committee to discuss updates, or it may be accomplished via email.
Loan Activity Status
Jo Downey said there have been few contacts in recent weeks regarding the business loan programs.
Enterprise Zone Changes Education
Jo Downey reminded the Board about recent changes to the Enterprise Zone program that require EZ businesses to obtain pre-certification prior to engaging in an activity to earn an EZ tax credit. She said she has sent out a mass mailing to tax preparers regarding this change, and an effort to contact taxpayers will be next. Jo said PDC and the State of Colorado have 17 months to increase awareness of tax payers and preparers; this change is effective January 1, 2012.
ECCOG Special Projects Director Position
Jo Downey said she has begun the search for a Special Projects Director to replace Terry Blevins, who is retiring at the end of this year. She hopes to combine the business and housing loan activities with the replacement person, while Terry is willing to work part time with some Heritage Tourism projects.
2011 PDC Board
Board members’ two-year terms expire this year, Jo reminded the Board. If present members are not willing to continue on the Board, they should let their county commissioners know, she said.
Next Meeting Date/Location
The next regularly scheduled meeting of the PDC Board of Directors will be Wednesday, December 1, 2010 in Stratton. The following meeting will be on the fourth Wednesday of February 2011.
Other
There was no other business to come before the Board.
Adjournment
There being no other business, Dana Siekman declared the meeting adjourned at 8:27 p.m.
Prairie Development Corporation
Board of Directors Meeting Minutes
December 1, 2010
Call to Order
In the absence of the chairman and the vice-chairman, Board Secretary Dorothy Stone called the meeting of the Prairie Development Corporation Board of Directors to order at 7:29 p.m. at the Activity Center in Stratton, Colorado. In addition to Dorothy Stone, board members present included Myron Sams, Nancy Bogenhagen, Craig Curl and Rol Hudler. Also present were Maryjo Downey, PDC Administrator, and Terry Blevins, Special Projects Director, and one guest, Christine Curl of Elizabeth.
Approval of Minutes
Board members proceeded with review of the Minutes of the August 25, 2010 meeting. Rol Hudler moved the August 25, 2010 Meeting Minutes be approved as submitted; Myron Sams seconded the motion, which carried unanimously.
Financial report
Jo Downey presented the list of bills paid from August 24th through November 30th, totaling $197,551.24, along with financial reports for the months of August through October 2010. Myron Sams moved the Board accept the financial reports and ratify payment of the listed bills. Nancy Bogenhagen seconded the motion, which carried unanimously.
Business Loan Recommendations
A loan for $200,000 to a business located in Kit Carson County had been reviewed in detail in the Loan Committee Meeting held earlier. The Loan Committee recommended to the Prairie Development Board of Directors that conditional approval be given for this loan. The loan would be for three years at 7% with a 2% origination fee. Prior to consideration of final approval, the applicant would need to provide source and use of funds for the entire project, a list of available collateral for consideration, a succession plan for the business or a commitment to purchase term insurance with PDC as the loss-payee and a commitment of both borrowers to provide personal guarantees. A motion was made by Rol Hudler and seconded by Myron Sams to approve the recommendation of the Loan Committee and to consider the loan for formal approval as soon as the additional information is provided and adequate collateral can be secured. Motion passed unanimously.
Housing Loan Recommendations
There were no housing loan recommendations to come before the Board.
Jo Downey reported the East Central Council of Local Governments will receive the annual $25,000 Enterprise Zone Marketing grant from the Governor’s Office of Economic Development. This grant, along with $25,000 in local matching funds from the local governments, ECCOG and Prairie Development Corporation funds, will be used to market the Enterprise Zone Tax credit program and for overall economic development marketing (including the Our Journey, Off the Beaten Trail and other heritage tourism efforts). However, the percentage of the grant allowed for the various functions would be capped. Administrative costs could go to 30% (rather than the 25% cap of previous years) due to the complexities of educating tax preparers and tax payers on the legislative changes coming in 2012 including the need for per-certifications beginning January 1, 2012. Marketing of the business tax credits for business location or expansion (non-tourism) must be at least 35%. EZ Tourism/events could be up to 65% IF none of the funds are used for administration…if the entire administrative amount is used, then tourism would be restricted to 35%.
2011 CTB Marketing Grant
In 2010, the Colorado Tourism Board Marketing Grant funds coming to this region were used to pay for heritage tourism promotion at the First Saturday event at the Governor’s Mansion, and for intensive radio publicity on four primary events in the region. Jo Downey reported that PDC applied for $15,000 to continue such marketing efforts during 2011, due to budget cuts the grant was only approved for $8,000. This grant will be matched with $8,000 in local funds, and the entire budget will be used to market this region’s heritage tourism sites on the Internet. None of the funds will be used to defray administrative costs.
Limon Houses Sales Status/Next Purchase(s)
Terry Blevins reported that work on the two Limon houses is complete, except for some clean-up and other minor items. There has been some interest shown in buying the houses; Terry explained the buyers must meet federal low-to-moderate income guidelines. Once the houses sell, Jo Downey said PDC Board members will be asked for suggestions about additional acquisition and rehab projects in the region that would also have to meet the income guidelines due to the source of funds.
Jo stated the houses have not been listed with any real estate firms, as PDC has adopted the U. S. Department of Housing and Urban Development procedure of encouraging interested parties to use the real estate firms of their choice. She said this decision was made to avoid PDC’s selection of one firm over another. Dorothy Stone was concerned about this decision, noting that real estate firms provide a number of services prior to sales that might benefit PDC. By concensus, the Board accepted a proposal by Nancy Bogenhagen to market the houses as originally planned; however, if no interest is shown within 30 days, the houses should be listed with a Limon firm.
This agenda item also resulted in a brief discussion regarding Craig Curl’s question regarding formation and appropriate use of local housing authorities.
Jo Downey stated she is pleased with the resulting website for this project, which promotes the benefitsof living on Colorado’s Central Plains. The website will have links to local real estate firm websites (of licensed firms that maintain physical offices within the region), and each participating firm will be able to list a “featured home of the month.” Initial attempts to inform local real estate firms (listed from the local telephone books) resulted in discovery of many that no longer are in business or are no longer licensed. Jo said she will email the web link and the current list of real estate firms to PDC Board members, with the hope they will help obtain current addresses for firms now in business.
All PDC rental units are occupied, according to Jo Downey, and the rent payments are current on most of them. She said PDC did not rent the Cheyenne Wells house when the most recent tenants moved out because it needed about $10,000 in paint, carpeting and roof repairs. As PDC was planning these improvements, Jo said she received an offer of $42,500 cash for the property. She recommended the Board accept the offer. Rol Hudler moved the PDC Board accept the offer of $42,500 cash for the PDC residential property located at 130 W 12th South in Cheyenne Wells, Colorado. Craig Curl seconded the motion, which carried unanimously.
CDBG Blight Application Status
Jo Downey said the state has urged the East Central Council of Governments to move forward with an application for $500,000 in Community Development Block Grant funds for blight removal in the region. She said these funds can be used for commercial blight only.
Stratton Office Concrete Repair Status
Jo Downey said drainage issues on the west side of the PDC office building in Stratton were repaired. However, work on the east side (front) of the building are on hold…originally because of the contractor’s schedule and now due to colder temperatures.
CEDS Contract Extension
The current Partnership Planning Grant contract (resulting from the Comprehensive Economic Development Strategy) with East Central Council of Governments has been extended through March 2011, according to Jo Downey. A new contract for April 1, 2011 through March 31, 2012 is anticipated. The next contract should be for $61,000 in Federal Funds with a match of the same amount. Jo said the contract extension was requested earlier this fall when there were some concerns about election impacts on future government spending. She said she had taken other actions to save money during the last quarter of 2010 in anticipation of potential cuts in 2011.
Loan Activity Status
Jo Downey said there have been fewer contacts than usual from individuals needing to refinance existing loans, but there have been several potential inquiries (all in early stages) for loans since the last Board meeting. The Board held a brief discussion about implementing a “mini-micro” loan program to help small businesses purchase necessary, but less expensive, pieces of equipment or to expand inventory.
ECCOG Special Projects Director Position
Jo Downey said no one has been hired to fill the Special Projects Director position being created by the retirement of Terry Blevins at the end of this year. However, she said two applicants will be interviewed very soon. This new employee would be responsible for both PDC’s business and housing loan programs. Jo said Terry has expressed a willingness to continue a few heritage tourism-related tasks.
2011 PDC Board
Jo Downey reminded the PDC Board that terms expire this year and new appointments are needed for the next two years. Members interested in remaining in their positions were encouraged to notify their county commissioners, who make the appointments. She said the PDC Board chairman, Dana Siekman, has indicated a willingness to continue his work on the Board but could not be at tonight’s meeting due to another commitment.
The next regularly scheduled meeting of the PDC Board of Directors will be Wednesday, February 23, 2011 at Limon.
Nancy Bogenhagen moved the PDC Board appoint Troy McCue of Arriba as the at-large representative on the East Central Council of Governments Board of Directors. Craig Curl seconded the motion, which carried unanimously. Troy has been a member of the ECCOG Board since it was expanded to 13 members in accordance with federal Economic Development Administration requirements.
Adjournment
There being no other business, Dorothy Stone declared the meeting adjourned at 8:36 pm.
January 2011 - No Meeting Scheduled
March 2011 - No Meeting Scheduled
April 2011 - No Meeting Scheduled
June 2011 - No Meeting Scheduled
July 2011 - No Meeting Scheduled
September 2011 - No Meeting Scheduled
October 2011 - No Meeting Scheduled
December 2011 - No Meeting Scheduled
January 2012 - No meeting scheduled
February 2012 - No meeting scheduled
April 2012 - No meeting scheduled
May 2012 - No meeting scheduled
June 2012 - No meeting scheduled
July 2012 - No meeting scheduled
September 2012 - No meeting scheduled
October 2012 - No meeting scheduled
December 2012 - No meeting scheduled
January 2013 - No meeting scheduled
March 2013 - No meeting scheduled
April 2013 - No meeting scheduled
June 2013 - No meeting scheduled
July 2013 - No meeting scheduled
September 2013 - No meeting scheduled
October 2013 - No meeting scheduled
November 2013
December 2013 - No meeting scheduled
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April 2014
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July 2014
September 2014
October 2014
November 2014
December 2014
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March 2015
April 2015
May 2015
July 2015
August 2015
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