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ACTION ITEMS <br /> <br />1. BOARD OFFICERS ELECTION <br />Bylaws Committee Chair Metzler reiterated that the Board was not yet incorporated and <br />did not have approved bylaws, explaining any election of officers would have to be <br />ratified following incorporation, and suggested the election be deferred. <br /> <br />By the unanimous informal consent of the Board, the Election of Officers was continued <br />to the September 22 meeting. <br /> <br />2. APPLICATION PACKAGE FOR BOND FINANCING PROGRAM <br />Economic Development Manager Nunn and Board Member Jim Davis (SouthIand <br />Economic Development Corporation) detailed the process that would be used to evaluate <br />applications for $130 million in bond financing available to businesses in the Zone. <br />Nunn indicated Empowerment Zone regulations require 35% of a business's workforce to <br />be Zone residents for the life of the financing, and further noted that each application <br />would be approved by the Board and the Santa Ana City Council. <br /> <br />Motion to approve the loan application package to be sent to applicants for the <br />Empowerment Zone Bond Financing Program was adopted by the vote of 19-0-3-0. <br /> <br />3. CONTRACT WITH ENTROPY FOR MARKETING BROCHURES <br />Empowerment Zone Manager Schindler distributed three draft brochures, two for <br />residents and businesses, and a third containing general information. He expressed an <br />immediate need for a tool to market the Zone, indicating the brochures would be used on <br />an interim basis until a brochure could be developed with input from the community. <br /> <br />Board members expressed concems regarding the brochure's appeal, particularly to <br />residents, and the fact that Entropy was not a local business. Board Members Avila and <br />Zaragosa volunteered to assist with development of a new brochure. <br /> <br />Motion to authorize the Executive Director to enter into a contract with Entropy for the <br />production of three brochures (5000 copies each of one for residents, one for businesses, <br />and a general brochure) to market the Empowerment Zone at a cost not to exceed $5,000 <br />was adopted by the vote of 19-0-3-0. <br /> <br />BOARD MEMBER COMMENTS <br />Board member Richardson requested that Santa Ana Unified School District Superintendent <br />Mijares brief the Board on the upcoming School Bond Measure at its next meeting. <br /> <br />PUBLIC COMMENTS <br />There were no comments from members of the public. <br /> <br />ADJOURNMENT <br />The meeting adjourned at 6:57 p.m. <br /> <br />SANTA ANA EMPOWERMENT CORPORATION 5 AUGUST 25, 1999 MINUTES <br /> <br /> <br />