2026-10-15 - Portland Development Corporation

Okay Lori, welcome everyone. Let's get started quickly. There won't be President's comments. We have only about 30 minutes to meet. So staff has recommended that we table a few items that are not

critical so that we can move to the items where we do need our quorum for a vote. So those items would be number two, accepting the minutes, number three, the Roo Brownfields amendment, and number

five, the delinquency rates relative to loan portfolio. So if with the consensus of the board and if I could have a motion, if we could table those until our next meeting, we could get to the critical

items on our list. So moved. Thank you. Second. Thank you. Okay, so roll calls. Sam? Yes. Trenchley Grant? Yes. Scott? Yes. Tina? Yes. Tuck? Yes. And I am a yes. Thank you everyone. So moving to item

number four, a review on the and vote on the recommendation to re-amend the job creation grant program guidelines. You all have Nancy's memo that notes that the re-amendment deals with the opportunity

to include working capital and the for use of the funds. Does anyone have any questions? Seeing none. I really, Nancy, can you just, I know I looked at this, can you just remind me where it is in our

materials? It's public. So it's in the, should be, let's see, after, in the first packet that Lori attached, after the, after the request. Page 15 of the public attachment. Yes. Thank you. Page 15.

Yeah. And again, it's because of this compressed timeline. I know the PDC already amended. I'm asking you to make it even broader so that we can get these funds out the door by June 30. Any questions

about it, Scott? Okay. So I will accept a motion to re-amend. So moved. Thank you, Sam. Do I have a second? Thank you. So the roll call. Second. Sam? Yes. Councilor Grant? Yes. Scott? Yes. Dina? Yes.

And, oh, Tuck? Yes. And I am a yes. Thank you for that. All right. So, ah, this is number six. You all have an email from Nancy about a change in our PDC award nominations. Holy Donut doesn't meet the

criteria for the award. We had approved and is recommending, staff is recommending seaport credit. Does anyone have any questions about that? Seeing none, I'll take a motion to approve seaport credit.

Moved. Thanks, Sam. Second. Whoever that was, thank you. And now the roll call. Sam? Yes. Councilor Grant? Yes. Scott? Yes. Dina? Yes. Tuck? Yes. Thank you. And I am a yes. All right. Great. We're

doing well. Um, so item number seven on the agenda is to review and vote on the job creation grant program applications. And I'm just going to read Nancy's background and overview to acquaint people.

It's in a memo from October. Oh, today's date. So, um, at the September 17, 2026 PDC meeting, the board approved 137, excuse me, $130,000 in job creation grants, fully expending the amount of funds it

received from HUD. Since then, Sawyer's Butcher and Deli realized that their two part time employees don't meet the required work hours in the grant guidelines and therefore requested just a $10,000

grant for a single full time employee instead of the $20,000 grant. In addition, the owner of Feast of Ephemera was concerned that the business may not be able to maintain the new positions for the

required six months and declined the $20,000 grant. Staff would like to reprogram the $30,000 in funds to existing applicants with eligible grant expenses expanded to include payroll, income, work and

top care both in-home care agencies would be able to expand the grant funds. Staff therefore request PDC approval to reprogram the following funds. Reprogram the $10,000 freed up from Sawyer's Butcher

and Deli to bad neighbors to bring the total grant to bad individuals to $20,000, reprogram $10,000 of the $20,000 freed up from Feast of Ephemera to Combrook and reprogram the other $10,000 from

Feast of Ephemera to top care. Would anyone like to ask any questions? For Combrook and top care, are these organizations that are licensed by the state? And if so, have we validated that their

licenses are in good standing with DHHS? That is a great question. I checked the Secretary of State Business Listings. I did not verify with the, I don't know who, HHS? Yeah, for home health care,

it's likely HHS. Okay. No, I didn't do that. Maybe I can do that as a condition of award, perhaps. Yeah, that would, I think that's a great amendment here. Anybody else? So I would accept a motion to

accept staff's recommendations with the amendment per Scott's and Nancy's discussion. Does that sound, could I have a motion? So moved. Okay. Great. Okay. Sam? Yes. Councilor Grant? Yes. Scott? Yes.

Tuck? Are you muted, Tuck? Tuck? Well, shall I come back to this, Laurie? Where do you open up? Yeah, yeah, come back with, come back to it. All right, we'll come back to it. Come back, come back.

Yes, we hear you, Tuck. Tuck, did you hear the motion? Yes. And do you approve? Yes. Very good. Yes. Yep. Thank you. And I am a yes. Okay. All right. So the next item on the agenda is a vote on a

commercial loan application for $30,000 for garden concerts. Based on staff recommendations, we're going to discuss, they would advise us to discuss the commercial loan only and table the discussion

of the $20,000 storefront loan. Would people like to go into executive session to discuss the commercial loan, or having reviewed it, are we comfortable with voting? I am comfortable with voting.

Anyone have concerns? Anyone need to go to executive session? Okay, I'll take a motion to accept, to grant the commercial loan application for $30,000. So moved. Second. Thank you. Okay. Sam? Yes.

Councilor Grant? Yes. Stane? Dina? Yes. Tuck? Yes. And I am a yes. Yes. Okay, so approved. Okay, so we have successfully made it through all of the agenda that require votes. So we, at the election of

the committee, we can move on to the treasurer's report and other items that you might want to discuss. And let's see. Lori, can you advise whether we need to go into executive session? The only thing

you would need to go into executive session for is to review the delinquency report. And it's not too much new on that right now. How are members feeling about needing to review any of the final items

on the agenda? I don't feel the need for additional review from final items on the agenda. Anyone else? So our next meeting is November 19th. And as your chair, I would urge you to, we're having

trouble making a quorum. And I don't know what items will be up on the agenda next month, but I hope everyone, and I know everyone has very busy schedules, but I would lean on you a little bit and try

and urge you all to make next meetings a bit longer so we can cover everything. And then I'll entertain a motion to adjourn. So moved. Second. Sam? Yes. Councillor Grant? Yes. Scott? Yes. Ina? Yes.

Fuck? Yes.