HomeMy WebLinkAboutAppointment to the Prospera Revolving Loan Fund Committee.pdf
Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Aimee Kissel, Deputy City Clerk
Stacy Ulmen, City Clerk
Chris Kukulski, City Manager
SUBJECT: Appointment to the Prospera Business Network Revolving Loan
Fund Committee
MEETING DATE: July 19, 2010
MEETING TYPE: Action
RECOMMENDATION: City Commission appoint Brit Fontenot to the Prospera Business
Network Revolving Loan Fund Committee.
BACKGROUND: A vacancy currently exists on the Prospera Business Network
Revolving Loan Fund Committee since the retirement of former Director of Planning, Andy
Epple.
The Bozeman Revolving Loan Fund is an economic development program of the City of
Bozeman in partnership with Prospera Business Network. The fund provides financing to
eligible businesses located within the Bozeman city limits, with priority given to businesses
engaged in activities creating “quality jobs” with more than half of their gross revenues coming
from outside Gallatin County. All lending decisions are made by the seven member independent
Bozeman Revolving Loan Fund Committee.
The Loan Fund Committee is made up of three members appointed by the City Commission,
three members appointed by the Prospera Business Network and one member jointly appointed.
City of Bozeman Finance Controller Brian LaMeres, and City Commissioner Chris Mehl are
currently in positions appointed by the City Commission.
There is one vacancy for a City Commission appointment.
New Applicant:
Brit Fontenot – Neighborhoods Coordinator
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