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Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Tracey Jette, Gallatin Dev. Corporation &
Chris Kukulski
SUBJECT: City appointments to GDC’s Loan Review Committee
MEETING DATE: June 26, 2006
BACKGROUND: Earlier this month, the Bozeman City Commission approved the signing of
a sub-recipient agreement with Gallatin Development Corporation for the management of the
City’s Community Development Block Grant Revolving Loan Fund. The agreement has been
executed. A provision in the agreement was for the City Commission to appoint three
representatives to the GDC Loan Review Committee and for the Commission and GDC to jointly
appoint a fourth member.
The City’s CDBG advisory committee currently has 6 members. Those members,
appointed by the City Commission, have extensive knowledge of the program objectives. The
current members include two City employees, Brian LaMeres and Andy Epple; two commercial
lenders, Jack Thompson and Gary Sisson; an HRDC representative, Tracy Menuez; and Larry
Mikkola of LigoCyte Pharmaceuticals, representing a current borrower. The current Commission
liaison is Kaaren Jacobson.
RECOMMENDATION: We would recommend that the City Commission appoint Brian
LaMeres, Andy Epple and Kaaren Jacobson as the City’s appointments to the GDC Loan Review
Committee. Further, we would recommend the City appoint Tracy Menuez to the GDC Loan
Review Committee as the Commission/GDC jointly appointed representative. Each of these
appointments would be for a two year term.
FISCAL EFFECTS: None
ALTERNATIVES: As suggested by the City Commission.
Respectfully submitted,
___________________________________ ____________________________
Tracey Jette, Gallatin Development Corporation Chris A. Kukulski, City Manager
Attachments: list the attachments
Report compiled on June 20, 2006