Approval oc hMfatie R&QUIEE sing Hie 2 HTD Minutes of a Regular Meeting June 24, 2010 Pago 2 |. Approval of Minutes: Soard Member Patel made the motion, sacondad by Board Member O'Day 1o ‘approve the miules of the Regular Meeting of May 24, 2010, Motion Passed: 5-0 II Pubifo Comments: None IV, Finanetal Report ‘A, Monthly Financial Report ending April 30, 2010: Director of Finance Claro Bogerd gave a ‘summary of te report, Report submited to flo, V. New Business ‘A. Program of Work: Board Member Patel made the motion, seconded by Board Member Evenson to approve the 2010/2041 Program of Work ‘olion Passed: 5-0 B. Puble Hearing: The Pubile Hearing was opened at 6:30 p.m. to discuss the Fiscal Yoar 2010/2011 PEDC Budget. The Publc Hearing was closed at 6:34 p.m. ‘Amand the Fiscal Yeer 2009/2010 PEDC Budget: Board Member Evenson made the ‘motion, seconded by Board Member Idoux to approve the amenciments to the Fiscal Year 2008/2010 PEDC Budget as prosented. Motion Passed: 6-0 D. Fiscal Year 2010/2011 PEDG Budget Board Member Patel made the motion, seconded by Board Member Evenson to approve the Fiscal Year 2010/2011 Budget. Board Member Evenson made an amendment to the motion, seconded by Board Member Patel to remove $500,000 for Hooper Road, reduce the marketing/demographic account by $50,000 and the indusiry recruliment account by $50,000. Motion Paseod: 3-2 Ayes: Evanson, O'Day, Patel Noes: Gooden, kdoux. Original motion as amended, Motion Passed: 3-2 Ayes: Evenson, O'Day, Patel Noas: Goodan, idoux: E, Old Town Slie Fagade Grants: Board Membor Idoux made the motion, seconded by Board ‘Momber Rush to approve two Old Townsite fagade grants totaling $27,000, Motion Passod: 5-0 F, Monihly Activity Report: Executive Director Malt Buchanan summarized various ongolng projects, Report submitted to file. Vice President Gooden requested a motion to reconsider tom D under New Businoss. D. Fiscal Year 2010/2011 PEOG Budget: Board Member Patel mado the motion, seconded by Board Member O'Day to reconsider the Item, Motion Passod: 8-0