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From YouTube: Mountain Community Capital Fund
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A
All
right
thanks
welcome
everybody.
This
is
the
january
meeting
of
the
mountain
community
capital
fund
a
lot
of
good
stuff
to
share
today,
while
we're
in
this,
in
between
kind
of
limbo,
between
receiving
funds
to
hand
out
or
to
guarantee
more
loans
for
our
lenders.
A
So
on
today's
agenda,
it's
pretty
light
we're
going
to
use
the
much
of
the
a
lot
of
time
to
review
our
committee
procedures
and
discuss
the
credit
underwriting
committee
to
make
sure
that
we
are
fully
in
compliance
and
now
that
we're
about
on
the
precipice
of
receiving
so
much
funding,
it's
important
that
our
committee
is
well
versed
on
our
obligations
and
the
limits
of
our
fund
and
our
responsibilities
before
we
jump
in
I'd
like
to
ask
to
go
around
the
the
google
meet
if
folks
could
introduce
themselves
and
if
they're
a
voting
member
in
the
organization-
and
if
you
have
a
role,
I'm
trying
to
see
all
the
participants,
though,
how
do
I
get
here?
A
Whiteboard
change,
layout,
quarter,
settings!
Oh
that's!
The
button
over
there
with
the
says
show
everyone
not
that
hard.
Folks,
okay,
good
afternoon,
I'm
jeffrey
kaplan.
I
work
at
venture
asheville,
I'm
a
county
appointee
and
voting
member
and
the
chairman
of
this
committee
and
if
it's
all
right
with
y'all
to
make
it
easy,
I'm
going
to
call
names
out
in
order
just
the
order.
I
see
my
screen
so
I'm
playing
popcorn.
B
A
A
Great
carl,
I
have
you
next.
D
E
Great
I'm
jesse
maxwell.
I
am
from
self-help
one
of
the
lenders
on
this
program
and
I
am
not
a
voting
member.
F
A
Specialist,
fantastic
really
glad
to
have
you
with
us
and
welcome.
Thank
you
very
much.
Okay.
Next
timothy
love.
A
A
Okay,
very
good
again,
thank
you
all
for
being
flexible
with
the
time
change
regarding
moving
this
meeting
back
a
week
after
this
meeting,
we'll
back
to
our
regular
schedule,
first
friday
of
the
month
at
9am.
A
Maui
jeffrey
so
we're
five,
so
we
have
quorum.
Okay,
very
good,
I'm
gonna
add
an
item
to
the
agenda.
I'm
gonna
roll
it
right
before
jesse's
update
on
old
businesses,
self-help
credit
contract
update.
We
got
word
from
dogwood
this
week,
so
I'll
give
you
that
update
at
that
time
before
we
do.
The
first
item
on
the
agenda
is
the
approval
of
the
minutes
from
december
2021
meeting.
If
you
don't
have
that
handy,
I
will
throw
that
link
in
the
chat
for
your
messed.
A
A
I
heard
from
dogwood
this
week
and
it
was
just
so
recent
that
have
a
chance
to
put
in
the
agenda
that
they
are
going
to
approve
our
request
of
450
000
of
additional
risk
capital
to
as
a
guarantee
in
the
program
when
you
take
that
in
context.
First
of
all,
it's
fantastic
and
we're
really
thrilled.
A
A
So
if
you
take
that
450,
which
matches
the
initial
450
investment,
we
see
in
the
county,
that's
900,
000
and
then
with
the
1.25
from
the
county
that
takes
our
total
guarantee
fund
or
our
total
mccf
potential
in
the
risk
capital
to
2.15
million
dollars,
which
is
nothing
to
sneeze.
I
mean
it's
a
pretty
exceptional
amount
of
funding
with
how
this
is
really
because
of
arpa
right.
It's
really
just
snowballed
and
grown
so
quickly.
It's
phenomenal,
really
really
proud
of
this
group
and
and.
A
E
Yeah,
so
we
good
news
we're
going
to
do
it.
E
No,
so
just
for
context,
the
original
question
was
because
this
is
arpa
funding
and
it
has
it's
a
federal
dollars
that
it
would
it's
a
little
different
from
just
general
fund
money
that
it
would
likely
need
to
be
tracked
differently,
and
we
would
need
to
make
sure
that
it's
structured
in
a
way
such
that
we're
not
violating
any
general
federal
rules
and
then
how
best
to
do
that,
whether
it
would
be
through
having
a
loan
or
a
grant
to
for
self-help
to
hold
to
then
be
used
for
the
fund,
and
we
legal
has
looked
through
this
we've
also
talked
to
a
couple
of
other
folks,
and
it's
it's
actually
we're
gonna
be
able
to
do
it
pretty
cleanly
in
terms
of
how
the
reporting,
well,
I
mean
the
reporting
requirements.
E
Aren't
they
shouldn't
be
passed
on
too
much
actually
with
this,
but
with
having
federal
funding
in
a
pot
to
be
used
for
this,
it
should
be
pretty
clean.
The
type
the
type
of
lending
that
we
do
out
of
this
program
perfectly
aligns
with
the
intent
of
the
fund
usage
thanks
county
and
city
for
approving
it,
for
this
use.
E
So
we're
just
working
on
coming
up
with
some
specific
language,
for
that
that
we
can
all
sign
on
to
the
one
potential
caveat
that
we're
still
working
out
from
an
accounting
perspective
is
the
arpa
dollars
may
need
to
be
held
in
a
different
account,
just
depending
on
a
few
things
that
we'll
figure
out
surf
from
the
surface
perspective
like
that's
going
to
have
zero
impact
on
implementation
or
using
it
would
just
be
an
accounting
piece
in
the
background
which
we
may
also
have
to
do
with
the
city
dollars.
E
So
franco
we'll
figure
that
out,
but
again
that
doesn't
that's
a
back
end
thing.
That's
not
going
to
impact
how
we
use
the
dollars
or-
or
anything
like
that,
so
hoping
to
get
a
contract
out
in
the
next
or
getting
a
contract
figured
out
in
the
next
couple
of
weeks,
so
that
we
can
then
make
some
moves.
Also,
yes,
lean.
I'm
well
aware
that
you
guys
have
a
pipeline
too,
of
clones
that
you're
hoping
to
move
through
sooner
rather
than
later.
E
So
hopefully
we
can
get
to
that,
but
sort
of
now
that
I
that's
that
update
moving
in
to
sort
of
what
we
talked
about
last
week
and
jeff
I'll
pause,
if
you
want
to
add,
but
we
are
going
to
need
to
revise
the
services
and
duties
agreement
prior
to
using
any
new
funds
because,
as
it
stands
in
the
services
and
duties
agreement,
there's
a
dollar
amount.
That's
limiting
the
amount
of
lending
that
we
can
do.
E
So
we
would
just
need
to
revise
that,
which
is
a
perfect
time
to
do
that,
because
then
we
can
extend
the
term
of
the
services
and
duties
agreement
so
that
we're
not
having
to
adjust
and
reapprove
and
do
whatnot
every
every
year,
which
is
where
it
is
right
now
and
that
I
think.
E
We
can
get
that
ready
to
show
all
what
those
changes
would
be
and
get
committee
approval
by
the
next
meeting
and
if
not
share
a
lot
of
that
over
email
prior
but
I'll
pause
there
yeah,
yes,.
I
I
was
also
reviewing
the
claim
form
and
I'm
not
sure,
if
there's
a
finalized
version,
but
I
think
there
the
at
least,
the
version
that
I
had
and
the
one
that
we
have,
that
we
just
received
has
still
some
notes
in
there.
So
I'm
not
sure
if
I
have
just
an
outdated
version
or
if
we
never
got
around
to
actually
making
those
changes
on
the
form.
H
H
E
I
think
yes,
I
think
if
we
do
this
in
the
form
of
a
grant,
as
opposed
to
a
zero
percent
interest
loan-
and
this
is
this-
is
the
one
thing
that
suzanne
the
lawyer
that's
working
with
me
on.
This
was
like
I
don't
know
quite
yet
don't
say
anything
I
was
like.
E
I
promise
I
won't
say
anything
so
here
I
am
saying
something
is
that
we
think
we're
pretty
sure
that
if
it
is
in
the
form
of
a
grant,
then
that
can
be
considered
fully
expended
on
the
county
side,
which
will
help
because
being
actually
dispersing
funds
in
a
three
to
four
year
timeline
and
committing
to
that
it
could
very
be
an
easy
thing
to
do.
But
it's
not
something
that
I
would
personally
feel
comfortable
committing
to
on
on
the
radar,
and
I
thank
you
for
bringing
that
up,
because
I
totally.
H
H
And
then
one
just
side
note,
you
know
this
is
process
bureaucracy,
but
if
you
know
we
change
some
of
the
details,
you
know
grant
versus
loan
that
could
trigger
the
need
to
like
go
through
another
county
public
hearing
which
won't
be
that
dramatic.
It's
just
another
hurdle
just
to
put
it
out
there,
but
we
can
talk
about
that.
More
okay,
we're
gonna.
A
A
Great
and
I
imagine
we'll
be
doing
the
song
and
dance
again
when
the
next
two,
hopefully
two
at
least
one
initial,
another
injection
of
funding
is
going
to
happen.
A
Former
chair
lynn
smith
had
to
attend
a
county
meeting
to
ask
for
an
extension
of
mccf
as
the
it
was
said
to
expire,
maybe
2018,
and
I
think
we're
a
year
or
two
out
of
compliance
at
that
point,
and
so
a
question
I
have
for
tim,
I'm
going
to
put
you
on
the
spot,
but
as
a
county
representative,
do
you
know
when
our
current
operating
agreement
is
set
to
expire,
and
would
it
be
possible
to
ask
at
the
next
time
we
do
this,
for
maybe
a
five-year
extension
instead
of
a
12-month
extension.
C
E
A
Yeah,
it
seems
like
an
easy
argument
to
make
that
with
what
is
it
going
to
be
the
450
five
or
six
times
the
funding
of
the
initial
amount?
We
should
expect
a
longer
runway
to
distribute
funds
and
therefore
need
a
longer
timeline.
A
Okay,
very
good
another
discussion
here,
otherwise
we're
going
to
return
the
time
back
to
jesse
to
pick
up
where
we
were
in
november
as
an
overview
of
some
of
the
committee
procedures.
Jesse.
If
you
want
to
discuss
the
credit
underwriting
committee,
I
think
that'd
be
appropriate
in
your
time
in
the
new
business.
We're
gonna.
Actually,
you
know
look
for
some
nominations:
volunteers
to
put
the
committee
together.
A
If
you
want
to
approach
the
kind
of
the
overarching
items
that
are
worth
being
on
top
of
mind
for
being
in
compliance
as
an
operating
committee.
E
E
I'm
also
flagging
that
I
did
mention
that
I
was
going
to
look
and
see
when
the
most
recent
services
and
duties
expired
and
failed
to
find
that
document.
So
that's
still
on
the
to-do
list.
I.
A
E
Okay,
so
I
can't
see
anybody,
but
I'm
assuming
that
you're
still
there,
the
so
just
pulling
back
up
the
credit
underwriting
committee.
This
is
pulled
from
the
services
and
duties
agreement,
so
just
to
review
it
would
be.
Five
members
of
out
of
the
operating
committee
would
constitute
the
credit
underwriting
committee,
who
have
some
slightly
more
specific
responsibilities.
Then
it's
more
around
like
loan
monitoring,
so
they
would
loans
over
70.
000
would
require
approval
from
the
credit
underwriting
committee
before
before
they
can
be
used
for
the
fund.
B
Excuse
me
jesse.
Yes,
we're
only
seeing
your
presentation
of
the
meat
and
not
the
document.
A
E
A
Or
you're
seeing
the
meet
the
meet
tab.
So
if
you
would.
E
E
Okay,
just
for
simplicity's
sake,
so
loans
50
to
70
would
be
reviewed.
The
credit
underwriting
committee
on
a
periodic
basis,
after
closing
and
then
participating
lenders
if
there
is
a
loss
and
they
want
to
file
for
to
reimbursement
that
that
request
has
to
be
made
to
the
credit
underwriting
committee,
who
then
reviews
the
information
and
says
oh
yeah,
okay,
sure
you
can
take
money
and
be
made
whole
or
let's
look
at
this
a
little
more
closely.
E
So
when
yazlin
was
mentioning
the
claim
form,
that's
what
she
meant.
That's
the
form
that
would
be
submitted
to
the
credit
underwriting
committee.
E
So,
generally
speaking,
the
credit
underwriting
committee
is
taking
a
lot
of
the
specific
review
of
of
lent
uploads
to
just
that
committee,
as
opposed
to
the
entire
operating
committee
and
then
for
additional
context.
I
learned
at
the
last
session
that
rachel
shared
was
that
the
reason
that
we
didn't
have
a
designated
credit
underwriting
committee
to
begin
with,
because
it
was
because
the
operating
committee
was
small
enough
such
that
the
the
venn
diagram
of
overlap
would
be
almost.
Everyone
would
have
to
be
part
of
the
credit
underwriting
committee.
E
A
To
two
questions:
yes,
the
first
one
I
want
to
ask
and
make
sure
we're
clear
on
is
we'll
take
a
step
back.
Our
lenders
can
lend
out
a
thousand
under
fifty
thousand
dollars
right
without
going
to
the
credit
underwriting
committee.
Anything
50
to
70
needs
approval
from
a
credit
underwriting
committee,
which
is
a
subcommittee
no.
A
E
A
Okay,
so,
for
example,
the
time
mountain
bizworks
did
a
million
dollar
loan,
but
they
came
to
us
to
guarantee
the
what
fifty
or
seventy
thousand
of
it
was
that
the
time
they
would
contact
or
go
to
the
credit
and
running
committee
is
that.
A
Okay,
so
my
question
is:
can
we
confirm
that
the
credit
underwriting
committee
would
not
be
meeting
an
open
session
so
they
could
discuss
more
sensitive
details
around
the
loans.
I
I
believe
we
had
this
conversation
before
and
according
I'm
not
sure
if
it
was
rachel
said
that
we
could
not
do
that.
We
had
to
have
a
public
meeting,
so
we
could
not
have
any
private
meetings.
So
that's
why
we
could
not
do
the
underwriting
committee
so
decided.
A
I
A
Yeah,
so
those
are
the
two
reasons
why
we
didn't
we're
protecting
out
throughout
compliance.
Is
that
one,
the
complexity
of
discussing
these
things
in
open
session
and
two
number
wise
is
every
voting
member,
but
one
to
be
on
a
writing
committee.
But
if
I
got
if
I
have
numbers
right
in
my
head,
it's
both
city
and
both
county
participants.
So
that's
tim
and
rachel,
frank
and
nikki,
and
then
three
of
the
four
appointees.
H
Yeah,
I
think
it
was
the
combo,
like
you
said
jeff
I
haven't
done
the
math,
but
it
was
basically
the
same
number
of
folks
just
about
and
our
county
legal
opinion
was
that
there's
no
reason
for
us
to
go
into
closed
session
for
any
of
these
topics
and
unless
there's
there
might
be
another
legal
opinion
out
there.
But
that
was
the
advice
we
got.
A
So
all
right
so
given
the
means
of
public
anyways
and
given
that
it's
all
but
one
person
from
the
voting
members,
that's
why
it
was
rolled
into,
but
not
a
sub
committee
of
voters
on
our
monthly
meeting.
A
Okay,
understood
and
we'll
come
back
to
this
in
the
last
part
of
our
agenda.
So
that's
good
context
for
the
next
part
of
the
discussion,
jesse
other
items
and
committed
procedures.
You
want
to
discuss.
E
E
Screen,
does
anyone
have
any
questions
about
those?
I
can
give
just
a
general
overview.
E
A
F
E
E
Maybe
I
didn't
here
we
go,
I'm
not
sharing
my
screen
right
now,
but
what.
D
E
Through
is,
like
you
know,
parameters
for
loan
terms,
which
is
basically
saying
that
the
the
term
of
the
loan
is
going
to
line
up
with
the
use
of
the
loan
within
reasonable
means,
so
you
wouldn't
do
a
working
capital
loan
for
15
years
and
all
of
the
participating
lenders
agreed
like.
Yes,
that
makes
a
lot
of
sense.
The
loan
pricing
it
outlines,
basically
lenders
would
use
their
current
pricing
and
fees.
The
only
difference
would
be.
E
There
would
also
be
an
additional
one
percent
loan
or
loan
loan
loss
reserve
fee
that
would
be
charged
and
that
dot
that
money
will
go
back
into
the
fund,
which
is
calculated
at
closing.
E
Basically,
it's
saying
you
know
the
fun.
We
would
prefer
to
do
businesses
that
have
been
in
business
for
12
months
or
longer,
if
they've
been
in
business
for
less
than
that,
then
we
need
to
monitor
and
make
sure
that
no
more
than
50
of
all
the
loans,
preferably
no
more
than
one
third
of
all,
the
loans
are
startups,
which
is
something
that
will
add
to
the
quarterly
report
it
talks
through.
You
know
this
is
we're
going
to
be
looking
for
strong
management
experience,
we're
going
to
be
looking
to.
E
Basically,
it
says
you
know.
There's
a
few
restricted
businesses
like
speculative
real
estate
is
not
something
we
can
lend
to
pyramid
sales,
illegal
activities,
gambling
nonprofits.
E
Let's
see
and
then
it
talks
about
looking
at
some
reasonable
financial
trends
and
then
there's
some
collateral
requirements
where,
basically
it
says
you
know
you
need
to
take
as
much
collateral
as
you
can.
You
can't
just
use
this
fund
to
be
the
collateral
and
so
that
you
don't
have
to
take
other
collateral
unless,
like
there's
a
good
reason,
not
to
take
collateral,
and
it
outlines
some
of
those
reasons.
C
Well,
thank
you.
I
just
did
have
a
question.
First
of
all,
I
wanted
to
say
a
shout
out
to
jesse.
She
met
with
maui
and
I
over
the
last
month
and
really
helped
me
better
understand
sort
of
our
role
here
and
and
ways
to
proceed.
So
I
appreciate
that
and
that
time
of
business,
where
it
says
for
most
mob,
is
12
months
minimum.
So
do
we
consider
any
business
that
comes
to
us,
a
startup
until
they've
made
12
months
of
payments
or
they've
been
in
business
for
12
months
or
more.
C
E
No
they're
not
disqualified,
they're,
just
designated
as
startup,
which
means
they're
slightly
stricter,
underwriting
requirements.
Okay,
and
we
would
want
to
make
sure
that
of
all
of
the
loans
that
we
have
with
mountain
community
capital
fund,
no
more
than
35
to
50
percent
of
them
are
for
startups
and.
E
Isn't
like
only
for
startups,
because
startups
are
inherently
higher
risk
and
that
would
help
balance
that
out
the
thing
that
we
need
to
do
behind
the
scenes
for
our
quarterly
reports
is
one
monitor
the
number
of
startups
in
the
fund
and
then,
as
they
age
out,
keep
that
number
live
and
active
yeah.
C
C
E
Yeah,
so
at
closing,
one
percent
of
the
loan
would
be
they
would
the
borrower
would
have
to
pay
that
also,
usually
that's
and
yes
lean.
You
can
correct
me
if
I'm
wrong,
but
for
what
what
self-help
does?
Is
we
just
wrap
that
into
the
the
loan
amount
and
those
dollars
go
back
into
the
loan
fund?
So
it's
it's
a
guarantee
to
help
cover
the
cost
of
administration.
I
Yeah
and
just
on
that
note
jessie
have
you
received
those
okay.
E
I
E
Cool,
so
basically
the
then
again
can
share
that
out.
But
the
underwriting
is:
is
mountain
community
or
mountain
biz
works
and
self-help
and
carolina
small
business.
All
saying
we
agree
to
adhere
to
these
general
underwriting
parameters,
which
chakra
are
not
that
far
away
from
what
we
would
actually
do
normally
without
the
fund,
and
so
just
just
as
a
as
a
we're
all
playing
the
same
game
by
the
same
rules.
E
A
Yeah,
thank
you
jesse
and
yeah.
It's
acknowledged
voting
member
city
appointee
d
williams
has
joined
us
d
great
to
have
you
with
us.
J
Thank
you
so
much.
I
do
apologize.
I
was
driving
and
from
one
meeting
to
the
other
and
I
do
apologize
humbly.
Thank
you
so
much
for
letting
me
in.
A
No,
no
apologies
necessary.
We
understand
what
the
changing
the
meeting
time
this
week,
we're
thankful.
You
could
join
us.
A
Okay,
jesse
any
other.
I
guess
let
me
put
it
back
here
what
else
any
other
questions
about
overall
committee
procedures
guidelines,
anything
under
the
sun.
A
So
I
guess
the
call
to
action
here.
The
action
coming
out
of
this
old
business
item
is
that
we
need
to
update
the
operating
procedures
as
far
as
loan
amounts
and
term
length
to
present
back
to
the
city
in
the
county.
A
Okay,
all
right
before
I
move
on
dee,
I
want
to
share
with
you,
as
I
shared
beginning
the
meeting
that
dogwood
informed
us
just
yesterday
that
they'll
be
funding
the
the
fund
with
450
thousand
dollars,
uses
extra
capital,
bringing
our
total
fund
amount
to
2.15
million,
which
is
a
really
exceptional
amount,
yeah,
okay,
so
here's
if
we
can
move
on
to
any
other
business
before
moving
on
to
credit
underwriting
committee.
A
Is
that
is
that
is
your
inclination
to
say
no
and
in
the
perspective
of
a
lender
and
trying
to
minimize
risk
or
is
there
another
reason?
I
should
be
aware.
E
That's
a
great
question,
so
two
two
perspectives.
Yes,
you
know,
I
think
yes
minimizing
risk,
but
also
from
a
committee
perspective
and
from
a
fun
perspective.
You
know
we're
still
two
years
old
and
have
with
fingers
crossed
getting
all
this
this
huge
influx
of
dollars
there
won't
be.
E
We
won't
feel
the
strain
of
having
a
limited
number
of
loans
to
do
and
so
can
give
the
funds
time
to
mature
a
little
bit
see
how
our
fund
performance
is
see,
how
the
loans
are
doing
and
then,
if
we
creep
up
to
a
point
where
it's
like,
oh,
we
can't
do
any
more
loans.
E
Unless
we
get
more
money
or
agree
to
leverage
it,
then
I
think
that's
when
that
a
little
bit
before
that
point,
that
would
be
the
time
to
have
that
conversation
so
that
we
have
a
little
bit
more
of
a
feel
for
what
that
risk
would
actually
be.
I
mean
I
have
a
pretty
good
guess
and
we
could
look
down
that
road,
but.
J
Yes,
thank
you
for
recognizing
me.
One
of
the
things
that
I
think
about
is
what
is
the
purpose
of
this
long
pool?
The
purpose,
even
with
my
practice,
is
to
graduate
folks
to
borrow
money
from
traditional
lenders.
I
would
hope
I
don't
think
the
point
is
to
see
how
many
dollars
we
can
lend
to
businesses
per
se,
except
especially
viable
businesses,
but
to
get
those
businesses
into
a
status
of
viability,
and
so
the
whole
point
is
to
graduate
them
to
more
traditional
lenders.
J
If
you
will
so
I
would,
I
would
say
that
we
need
to
keep
the
leverage
amounts
the
same
as
they
are.
For
that
specific
reason,
we
don't
want
to
be
the
lender
of
record
all
the
time
we
hopefully
want
to
graduate
these
firms
that
that's
just
my
input.
Thanks.
A
I
think
that's
a
great
perspective,
I'll
share
that
at
the
county
hearings
and
I
believe,
the
arp
application.
The
follow-up
questions
all
circled
around
this
idea
of
is
there
better
ways
to
better
ways,
alternative
ways
to
the
leverage
amount,
but
I
I
think
jesse
and
dee
you
both
have
presented
okay.
So
then,
at
the
next
meeting
in
february,
would
we
be
reviewing
as
a
committee?
I'm
sorry,
I
see
a
bunch
of
hands
up
so
I'll.
A
Action
item
yazlin
or
tim-
I'm
not
sure
who
had
her
hand
up
first.
I
Well,
I
was
just
gonna
comment
on
that
same
conversation
about
lowering
the
percentage
and
the
guarantee
I
mean
we're
still
coming
out
of
out
of
a
pandemic
from
a
lender
perspective.
I
You
know,
I
I
think,
like
jesse
said
that
the
the
fund
is
still
very
young
and
we're
still
seeing
these
borrowers
come
out
of
borrowing
disaster
lending
and
going
through.
All
of
that,
so
don't
think
it's
the
right
time
to
lower
that.
So.
H
Yeah
I
was
gonna
chime
in
so
the
discussion
at
the
commission
hearing
about
when
this
money
was
allocated.
You
know
raised
a
lot
of
these
questions
and
I
think
the
determination
was
made
made
based
on
existing
terms,
so
the
existing
leverage
amount.
So
I
I
think,
I'm
comfortable
with
that
as
a
county
rep,
knowing
where
our
commission
stood
on
it,
I
think
the
emphasis
from
commission
isn't
about
percentages.
H
It's
just
making
sure
that
we're
stretching
the
dollars
and
getting
as
much
benefit
as
we
can.
So
as
long
as
this
group
is
thinking
about
that,
how
to
reach
the
most
people
and
help
them
graduate
or
just
help
them.
You
know
with
anything
that
that's
all
we're
trying
to
accomplish,
so
we
we
can
revisit
in
the
future,
especially
as
things
hopefully
settle.
A
Maybe
we
can
put
it
into
a
google
doc
and
highlight
changes
to
suggest
jesse.
Would
that
make
sense?
Yeah.
A
About
anything
really
formulaic,
it's
just
about
you
know,
timeline
of
extinction
or
expiration
and
pretty
minor
minor
updates,
nothing
core
to
the
operating
of
the
fund.
E
Yeah
the
there
will
be
one
a
nut.
Sorry
and
now
I'm
thinking
about
this.
The
other
adjustment
that
we
need
to
make
would
be
around
the
language
of
the
dollars
and
the
fund
because
we
are
getting
a
grant
coming
in
and
because
we
still
have
yet
to
determine
whether
the
arpa
funding
would
come
in
as
a
loan
or
grant
or
forgivable
or
whatever.
E
We
just
need
to
update
that
language,
because
right
now
the
language
only
reflects
notes,
so
in
order
to
incorporate
dogwood
funds
and
any
other
funds
and
then
looking
down
the
road
for
when
other
people
want
to
give
us
money.
C
A
Okay,
great,
I
think,
would
that
make
sense
committee
as
a
whole
to
throw
us
into
a
google
doc
with
highlighted
changes
to
review
in
one
shot.
Yes,
okay
and
jesse
you
and
I
can
connect
offline
to
put
those
together.
Vice
chair
love,
I
see
you
have
a
hand
up
yep.
I
would.
H
Love
it
to
during
this
process,
we
could
establish
a
shared
site
where
all
of
these
documents
can
live
forever.
I
know
yeah,
it's
we've
been
chasing
our
tails
for
a
while
on
this,
and
I
don't
care
where
it's
hosted,
but
just
so.
We
all
know
that
this
is
the
latest
agreement.
You
know.
Here's
the
latest
claims
agreement
form
all
that
stuff,
because
we
spent
a
lot
of
time
talking
about
that.
H
H
A
B
We
could
do
that
any
anything
like
you
said
that
doesn't
include
private
information.
We
can
also
attach
different,
like
if
you
are
on
the
the
committee
page
on
the
city
website.
There's
also
there's
a
table
that
says
agenda
and
documents,
and
you
can.
I
can
put
documents
associated
with
particular
meetings
into
that
public
drive
folder,
so
those
can
be
viewed,
but
we
can
also
look
at
a
more
central
repository
for
all
of
the
documents.
If
you
like.
A
A
A
One
voting
members,
one
of
the
two
county
staff
on
the
board
that
are
voting
members
and
then
three
of
the
four
appointees,
which
would
be
myself
maui
d
and
carl,
and
the
role
of
the
credit
underwriting
committee
is
to
review
loans.
Fifty
to
seventy
thousand
dollars
retroactively
and
approve
loans
over
seventy
five
thousand
dollars,
I'm
looking
for
another
approval
from
jessie
or
guys.
If
I
encapsulated
that
right.
A
Is
what
I
thought
it
was:
okay,
yeah
great
seventy
thousand
dollars,
so
that's
the
role
and
and
and
the
reason
we
hadn't
done.
That
is
that,
due
to
it
being
an
open
session
and
being
all
but
three
member
voting
members,
it
made
sense
to
have
the
operating
committee
act
as
a
credit
underwriting
committee,
we're
not
technically
in
compliance
and
as
more
and
more
loans
come
in.
We
need
to
be
tightening
the
ship
here,
a
little
bit.
A
So
what
I
I
don't
know
if
this
is
possible,
I
think
it
is
if
we
could
ask
for
volunteers
again,
one
from
the
city,
one
from
the
county.
Three
of
the
four
voting
members
include
it
as
an
agenda
item.
So,
for
example,
if
our
agenda
says
agenda
old
business,
new
business,
could
we
add
a
credit
underwriting
committee
and
essentially
hold
their
meeting
within
our
current
meeting?
A
And
at
that
point,
if
you're,
not
one
of
those
five
members
on
the
credit
underwriting
committee,
you
would
essentially
be
a
public
observer.
You
would
not
have
a
role.
You
would
not
be
able
to
participate
in
the
meeting
until
public
comment.
The
very
end
like
could
we
do
like
something
like
that?
Angelica
tim
is
this
possible
frankly,
that
you
would
know
to
hold
a
meeting
within
a
meeting.
A
A
Because,
for
example,
I
think
it
would
be
just
kind
of
a
headache,
for
example,
if
it's
okay,
we're
gonna,
join
this
meeting,
everyone
in
two
minutes,
log
back
on
the
link
and
we're
gonna.
Do
this
again,
it'll
be
a
credit
underwriting
committee.
A
I
think
it'll
just
be
smooth
more
efficient
to
have
it
as
one
rolling
through
who
who
would
we
contact
to
see?
Well.
First,
let
me
ask
if
that
was
possible.
Anybody
be
against
that
or
that
seem
like
an
efficient
way
to
run
the
underwriting
committee.
H
H
If
it's
not
a
necessity,
if
we,
if,
if
we
view
it
as
important,
I
get
it,
let's
do
it
and
we
need
to
be
compliant
with
whatever
is
in
the
agreement,
but
if
it
doesn't
truly
add
values,
and
should
we
just
mix
it
all
together
and
not
create
a
new
body
within
a
body?
Just
a
thought.
Y'all
tell
me
that.
A
So
if
I
hear
you're
right
tim
you're
saying,
can
we
just
move
those
responsibilities
under
the
full
operating
committee?
Yes,.
H
I
think
it
would
make
a
lot
of
sense
to
have
this
type
of
committee
if,
in
fact
it
was,
you
know
like
a
closed
session
like
I
could
see
the
value
there.
Then
you
like
really
like
dig
in
deep,
but
we're
never
gonna
get
that
buy-in
legally,
at
least
for
my
lawyer,
so
which
is
probably
right.
Most
business
should
be
public.
That's
right.
D
It
certainly
feels
clunky
if
we,
if
it's
not
not
really
adding
any
value.
D
F
J
Had
discussion
so
I
would
say
if
we
can
do
it
to
expedite,
why
not
you
know
if
we
don't,
we
probably
have
to
go
through
the
process
of
omitting
somebody
and
it's
such
a
small
group.
I
think
there
may
be
one
additional
person
over
that
limit,
but
certainly
we
all
have
been
functioning
like
that,
so
I
would
say
to
just
go
ahead
with
what
we've
been
doing
and
do
away
with
that
formalized
credit
underwriting
committee.
J
Usually
those
underwriting
committees
are
banks
anyway,
and
those
sessions
are
not
pub
open
to
the
public
anyway,
and
I
think
I
don't
know
I
I
just
feel
like
we're
operating
pretty
well
without
it.
So
to
mix
it.
If
we
can
thanks.
A
I'll
share,
you
know
my
plan
d
was
to
get
the
four
of
us
in
a
room
and
play
musical
chairs
and
have
one
chair
last
and
that's
how
we're
gonna
decide
who
was
off
the
committee?
I
like
your
idea,
better
carl
and
maui.
I
wanna
make
sure
you
both
have
a
chance
to
jump
into
the
conversation.
How
you
feel
about
this.
G
Say
just
like
one
quick
line,
the
only
real
the
only
potential
advantage
I
could
see
was
doing
that
subcommittee,
whether
like
nested
within
this
committee
or
separately,
is
possibly
it
could
streamline
that
a
little
bit
more,
even
if
you're
going
from
eight
people
down
to
five.
You
know
I
mean
I
haven't
been
on
this
community
all
that
long,
but
I
can
imagine
if
we
had
a
day
where
there
were
like
three
lone.
G
You
know
proposals
and
we
all
had
to
go
around
round
robin
for
each
of
those.
You
know,
maybe
just
shrinking
that
pool
a
little
bit
and
having
some
sort
of
rotation
in
place
where
it's
not
like.
The
five
people
are
just
the
same
five
people
for
years
and
years,
but
they
might
make
that
process
a
little
bit
more
efficient.
A
Okay,
so
just
so
you're
aware
of
how
the
public
meetings
work
is
it,
it
still
requires
what
10
days
of
notice
plus
sending
the
agenda
out
and
the
minutes
posted
online.
So
that
was
one
of
the
reasons
why
we
had
moved
it
into
the
operating
committee
previously
just
to
share
some
contacts
as
to
the
historical
decision
making
there.
A
H
A
A
H
If
that's
something,
I'm
glad
I'd
be
glad
to
float
it
with
my
legal,
I'm
certain
they
would
be
comfortable
with
it,
since
it's
just
a
change
to
the
agreement,
but
you
know
that's
if
that
makes
sense
to
the
group.
A
So
and
maui
you
were
the
one
bringing
the
the
position
of
keeping
them
as
a
separate
underwriting
committee.
Does
anybody
support
that
idea
or
want
to
add
another
perspective
to
maui
side,
and
I
appreciate
you,
man
being
that
sharing
another
sided
argument
here.
A
Okay,
well
take
the
silence,
as
we
have
some
fact
finding
to
you.
So
tim.
Let's
run
down
and
see
what's
possible
and
we
can
update
the
committee
as
to
what
our
options
are
at
the
next
meeting.
A
All
right:
well,
this
again
is
a
rather
short
meeting
given
we
are,
we
have
not
received
the
loan
capital
yet
or
self-help
hasn't
received
it
for
the
risk
capital
for
our
partners
at
this
time.
If
there
is
anyone
on
the
line
for
public
comment,
you
have
three
minutes,
I
believe
to
say
whatever
you
want
angelica.
Is
there
anybody
in
queue
for
public
comment.
A
One
day
we
will
and
it's
going
to
be
a
treat
for
all
of
us.
I
can't
wait
well,
I
don't
have
anything
else
to
add
any
other
business
anything
else.
Anybody
wants
to
mention
we're
ending
35
minutes
early
on
a
friday.
I
think
that's
a
good
thing,
but
if
anybody
has
anything
else,
they
want
to
add
or
jump
in
now's
your
chance.
Otherwise
we're
going
to
adjourn
this
thing.
D
Jeff,
I
was
just
going
to
say
our
congratulations
in
order
for
you.
A
Yeah,
thank
you
so
much.
Her
name
is
madeline
susan.
She
got
her
two-month
shots
today,
so
she's
all
cranky,
but
she's
eating
well
and
sleeping
well
and
danielle.
My
wife
is
recovering
very
well
and
I'm
very
thankful
yeah.
She
was
born
week
before
or
the
friday
before,
thanksgiving
so
with
a
lot
of
family
here
in
november
and
december,
and
we're
finally
easing
into
our
regime
yeah.
Thank
you,
frank.
A
B
Yes,
I
wanted
to
announce
that
rasana
mulcahy,
who
is
our
staff
liaison
our
business
inclusion
manager
with
the
city,
has
taken
another
position
with
the
national
league
of
cities,
and
today
is
her
last
day
and
she's
in
meetings
all
day,
but
sent
me
to
wish
you
all
the
best
and
thank
you
for
all
your
hard
work.
A
A
All
right
with
that,
I
hope
you
all
have
a
great
weekend.
I
just
went
to
trader
joe's
it's
mad
house,
good
luck
with
the
milk
sandwiches
this
weekend
and
I
hope
you
all
have
some
fun.