SBDCED Revolving Loan Fund Committee Agenda (PDF)

Notice of Public Meeting Wednesday, Sept. 3rd, 2025 2:00 pm Door County Business Development Center 185 East Walnut Street Sturgeon Bay, WI 54235 Also Virtual Option Below Sturgeon Bay-Door County- Economic Development (SBDCED) LOAN FUND COMMITTEE Door County Business Development Center, 185 East Walnut Street Sturgeon Bay, WI Join Zoom Meeting https://us02web.zoom.us/j/81800789170?pwd=z8CSkeKblDU4Fq1bfPKjpzbGOWfTlb.1 Meeting ID: 818 0078 9170 Passcode: 332752 Via Telephone: 312.626.6799 AGENDA 1. Call Meeting to Order / Properly Noticed 2. Establish a Quorum / Roll Call 3. Approve / Amend Agenda 4. Review and Approve Minutes for January 16, 2025 Meeting 5. Convene in Closed Session for the purposes of “…deliberating or negotiating the investing of public funds, or conducting other specified public business whenever competitive or bargaining reasons require a closed session…” and/or ”…for consideration of financial data of specific person which, if discussed in public, would be likely to have an adverse effect upon the reputation of any person referred to in such data…” per Sec.’s 19.85 (1) (e) and (f) Wis. Stats. Specifically, consideration of financial information. a. Consideration: Loan Revision Submitted by Zaza Pizzeria LLC 6. Reconvene in Open Session 7. Consideration: Zaza Pizzeria LLC 8. Adjourn Deviation from order shown may occur Tuesday, October 22, 2024 1:30p m Door County Business Development Center 185 East Walnut Street Sturgeon Bay, WI 54235 Also Virtual Option Below Sturgeon Bay-Door County- Economic Development (SBDCED) LOAN FUND COMMITTEE Door County Business Development Center, 185 East Walnut Street Sturgeon Bay, WI Virtual Option is Below: Join Zoom Meeting https://us02web.zoom.us/j/83811162923?pwd=TjF4aEVHTmZ6c3FMOG0yNDJ6MWM3dz09 Meeting ID: 838 1116 2923 Passcode: 077285 Via telephone: 312.626.6799 MINUTES 1. Call Meeting to Order / Properly Noticed Meeting was properly noticed via County of Door posting procedures. 2. Establish a Quorum / Roll Call Quorum was established. The following committee members were in attendance: Dane Carter, Mark Duva, Jeff Miller, and Roger Wood. Also in attendance were committee staff members David Stauffacher (UW-Green Bay Small Business Development Center), Michelle Lawrie (DCEDC), and Devin Vandertie (DCEDC). 3. Approve / Amend Agenda A motion to approve the agenda was made by Mark Duva, seconded by Dane Carter to approve. Motion carried 4-0. 4. Review and Approve Minutes for May 30, 2024 Meeting A motion to approve the minutes was made by Jeff Miller, seconded by Mark Duva to approve. Motion carried 4-0. 5. Convene in Closed Session for the purposes of “…deliberating or negotiating the investing of public funds, or conducting other specified public business whenever competitive or bargaining reasons require a closed session…” and/or ”…for consideration of financial data of specific person which, if discussed in public, would be likely to have an adverse effect upon the reputation of any person referred to in such data…” per Sec.’s 19.85 (1) (e) and (f) Wis. Stats. Specifically, consideration of financial information. a. Consideration: Loan Application Submitted by Hi Tec Fabrications LLC. Motion was made by Mark Duva to move into Closed Session, seconded by Dane Carter to approve. Roll Call was taken and the motion carried 4-0. Motion was made by Roger Wood to reconvene into Open Session, seconded by Mark Duva. Roll Call was taken and the motion carried 4-0. 6. Reconvene in Open Session 7. Consideration: Hi Tec Fabrication LLC A motion was made by Jeff Miller to approve a loan for Hi Tec Fabrication LLC seconded by Dane Carter, with the following parameters: • Loan Amount: $25,000 • Term: 5 years • Interest Rate: 5% • Requirements o Personal Guaranty from Dan Rankin o First Position on purchased IT equipment Motion carried 4-0. 8. Adjourn A motion was made by Dane Carter to adjourn the meeting, seconded by Mark Duva to approve. Motion carried 4-0. Meeting adjourned at 1:40pm.