HomeMy WebLinkAbout12-27-12 Prospera Revolving Loan Fund Committee MinutesCITY OF BOZEMAN REVOLVING LOAN FUND
1/2
Prospera Business Network
City of Bozeman Revolving Loan Fund — Loan Review Committee
Meeting Minutes: December 27th, 2012
Big Sky Western Bank
2:00 – 3:30 PM
Committee Members Present: Brit Fontenot, Jim Versue, Mike Money, Scott Nicolson and Tracy Minuez
Committee Members Absent (excused): Erin Gallinger
Prospera Staff Present: Stuart Leidner & Anjie Mikesell
Guest: Tiffany Lach, Sola Café, Inc.
A. CALL TO ORDER
The meeting was called to order at 2:05 PM by Stuart
B. PUBLIC COMMENT
No public in attendance
C. ACTION ITEMS
1. Sola Café Loan Presentation
Stuart opened the meeting by having everyone go around the room and introduce themselves. He then gave
a brief overview of the loan proposal. He also talked specifically about the phases of this project.
The loan committee asked Tiffany about the anticipated expenses associated with the space as well as the
projected revenue. There was also a discussion regarding the number of employees Sola currently has and the
additional employees that would be added with the new location. The committee asked Tiffany to discuss
how they will differentiate themselves and who the target market would be.
The chairperson closed to the public all of this meeting pursuant to Sect. 2-3-203(3), MCA,
because the discussion relates to a matter of individual privacy and the chairperson determines
the demands of the individual's privacy clearly exceed the merits of public disclosure
The meeting was reopened to the public.
Chris moved to approve the loan.
Scott seconded.
The motion was approved unanimously.
D. Next Meeting
CITY OF BOZEMAN REVOLVING LOAN FUND
2/2
No meeting was scheduled at this time.
E. APPROVAL OF PREVIOUS MEETING MINUTES
Mike made a motion to approve the meeting minutes. Approved unanimously.
F. ADJOURNMENT
Mike made a motion to Adjourn.
Scott seconded the motion.
Meeting adjourned at 3:30 PM