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From YouTube: Mountain Community Capital Fund
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A
It
won't
be
too
much
of
an
issue
if,
for
some
reason,
I
drop
off
I'll
just
try
to
come
right
back
in
and
if
someone
else
can
just
step
in
real,
quick
but
I
think
it
should
be
fine.
So
with
that
said,
can
everyone
hear
and
see
me?
Okay,
right
now.
B
A
Perfect
all
right
well
great,
to
see
everyone
again.
I
know
it's
it's
only
been
a
month,
but
it
feels
longer
for
some
reason
so
hope
you
all
are
having
a
good
fall
so
far,
and
we
do
have
a
good,
a
good
size
agenda
for
today,
because
we
do
have
one
requests
as
well,
so
we
have
and
an
update
from
from
Karen
for
from
the
document
review
group
so
yeah.
We
have.
C
A
D
I'm,
sorry,
you
were
breaking
up
there
a
little
bit
but
I
think
I
I
think
she
was
breaking
up
for
everybody.
I
think
what
you
were
asking
Maui
was.
Do
we
need
to
clarify
the
item
for
the
vote
for
meeting
preference
because
I
think
it's
it
just
says,
discuss
under
new
business
and
we
actually
have
to
take
a
vote.
So
I
will
make
a
motion
to
modify
the
agenda
item
to
say
what
did
I
say
earlier:
vote
for
meeting
preferences
for
future
meetings.
A
All
right
in
a
few
seconds,
so,
let's
take
a
quick
vote.
All
approved,
raise
your
hand.
A
Motion
passes
so
we
will
amend
the
agenda
and
I
have
it
am
I
still
breaking
up.
A
I
see
that
is
so
strange,
yeah
I,
don't
like
I
could
change
rooms
that
might
help
I
will
try
to
talk
slower,
oh
and
Tara
mentioned.
Do
we
need
to
do
a
quorum
check?
Attendance
good
point
so
before
we
jump
into
any
votes
good
point?
So
let's
do
a
quick
roll
call
just
to
see
who's
all
here
and
then
we
can
jump
into
well.
We
actually
already
took
about
on
that.
So
let's
do
the
roll
call
now
so
I'll
just
start
off
with
upper
left
and
kind
of
go
my
way
around.
A
So
if
you'll
just
do
a
quick
introduction,
name
introduction
and
whether
you
are
a
voting
member
start
off
with
you,
Nikki.
G
A
Thank
you,
d,
ude
Carl,.
I
My
name
is
Reginald
Jones
I'm
with
Carolina
Small,
Business,
Development,
Fund
and
I
am
a
non-voting
member
and
our
business
associate.
Vanya
Ramos
Ponce
is
joining
us
today
as
well
perfect.
A
J
A
J
A
You
Tara.
C
Bye
everyone,
my
name,
is
Vania
and
yeah
and
I
recently
joined
Carlin
Small,
Business,
Development
Fund.
C
A
Medial
and
you're
a
non-voting
member,
correct,
correct
and
then
yasleen
I
think
you're.
The
last
one.
A
Thank
you.
So
it
looks
like
we
have
out
of
voting
members.
Don't
think
yeah
I
think
we
have
everyone
present
perfect,
so
we
will
jump
right
into
our
agenda.
So
since
we
voted
to
amend
the
agenda,
I
will
add
it
to
New
under
discuss.
If,
under
new
business,
it
says,
discuss
and
I
will
just
add
vote
with
that
work.
Frank,
discuss
and
vote
on
future
meeting
preferences
perfect.
A
D
A
Thank
you.
Any
objections
raise
your
hand
yep,
so
the
motion
moves
or
I'm
sorry
motion
passes
looking
at
too
many
screens
here
all
right,
so
we
are
good
with
that
part
of
the
agenda.
So
we
will
move
on
to
the
old
business.
Karen
has
reviewed
what
we
discussed
last
time
and
made
a
few
updates,
and
we
distributed
that
most
recent
revision
to
the
group
and
so
Karen.
If
you
would
like
to
share
your
screen,
we
can
kind
of
just
touch
on
the
highlights
of
those
few
updates.
From
last
time.
J
K
Okay,
I'm
going
to
try
to
make
this
bigger,
not
exactly
sure
how
to
do
this.
A
K
So
what
I'm
going
to
do
is
just
look
at
the
parts
that
that
were
been
newly
updated
since
the
last
meeting.
So
the
first
section
is
the
section
3.5
which
is
adding
in
the
vice
chairperson
I,
looked
at
other
Vice
chair
and
put
in
what
we
had
talked
about
looked
at
other
Vice,
chair
sort
of
language,
and
so
just
added
that
the
vice
chairperson
shall
assist
the
chairperson
in
carrying
out
their
responsibilities.
K
F
I'll
just
say
that
maybe
for
clarity,
sorry
Tara
I'll,
just
say
this
right,
quick,
but
maybe
for
clarity.
We
can
say
that
once
the
last
sentence,
like
once
the
chairperson's
term,
has
completed
I,
don't
know
how
we
want
to
maybe
clarify
that
to
maybe
give
some
framing
around
the
vice
chairperson
Shall
Serve,
as
an
extra
person.
Is
that
once
their
term,
once
their
term
has
been
completed,
or
maybe
just
a
little
text
edit?
There
thanks.
J
K
Yeah
I
realize
just
really
quickly:
I
don't
have
access
to
edit.
So.
A
Is
that
maybe
undermine
is
that
the
most
recent
one
that
I
sent
out
okay,
so
I
will
approve
that
access
once
it
comes
through
so
good
point
there
Tara
I
was
kind
of
wondering
the
same
like
because
there's
kind
of
a
batch
of
edits
do
we
want
to
sort
of
let
Karen
finish
with
the
updates,
and
then
we
take
a
vote
at
that
point
or
have
you
know
any
comments
or
suggestions.
A
A
If
I
would
say,
probably
my
preference
is
if,
if
there's
any
discussion
or
comments
on
this
particular
section,
we
can
take
that
now,
but
not
move
further
than
that
until
we
reviewed
the
other
two
sections
as
well
and
maybe
kind
of
do
a
batch
code
at
that
point,
so
yeah
any
other
thoughts
on
this
section.
K
K
Okay,
tell
you
what
for
right
now,
I'm
gonna,
add
just
put
a
note
here:
object
to
election
after
chairs
a
term
and
okay,
and
we
can
word
Smith
that
later.
A
Right
I
think
just
to
clarify
you
know
mostly
for
myself,
but
If.
The
vice
chair
is
going
to
be
the
vice
chair.
We
would
probably
have
already
elected
a
person
to
that
Vice
chair
role,
knowing
that,
according
to
this
section
3.5,
that
person
will
assume
the
chair
position
once
their
current
chair
rolls
off.
So
we
probably
won't
need
to
do
an
election
for
the
vice
chair
at
that
point,
when
the
chairs
term
ends
just
to
clarify
them,
understanding
that
correctly.
K
A
Unless
the
chair
ends,
you
know,
for
whatever
reason,
resigns
or
steps
down
sooner
then
the
vice
chair
will
be
teed
up
to
fill
that
that
role,
but
essentially
yeah
the
thought
process.
There
would
be
when
we
elect
a
vice
chair.
That
would
kind
of
be
the
understanding
that
that
would
that
person
would
eventually
be
the
chair.
F
Okay,
well,
we
can
note
it
here
and
again:
I
think
it's
a
great
point
to
just
let
our
legal
as
our
next
step.
Being
you
know
the
legal
review
we'll
let
them
really
help
us
understand
if
there's
any
specifics,
that
that
need
to
be
consistent
throughout
the
other
parts
of
the
document.
Right
so
I
think
it's
great
to
put
this
in
Brackets
like
here's,
the
here's,
what
we
hope
to
do
just
as
a
matter
of
course,
but
then
allow
our
legal
team
to
make
any
any
adjustments
as
needed.
F
K
Okay,
we
can
come
back
to
this,
but
I'll
move
on
the
next
section
is
section,
oh
and,
and
the
other
change
I
made
was
just
updating
the
numbers.
Then,
for
this
section
the
next
check
section
was
down
to
4.3
notification
of
trigger
points,
so
we
changed
I
changed
it
that
instead
of
the
operating
committee
being
notified
that
instead
the
operating
committee
will
notify
the
fund
sponsor
note
holders
other
Mountain,
Community,
Capital
funders
participating
London
participating
lenders.
This
should
say
as
defined
allocation.
K
So
just
so
you
are
aware
the
note
holders
include
the
city
and
the
county,
other
Mountain
Community
Capital
funders
right
now.
That
would
be
Dogwood
trust
there.
If
there
are
others
and
then
participating
lenders
include
Mountain,
Biz,
work,
self-help
and
Carolina
small
business.
So
so
those
are
all
that's
how
it's
all
defined
in
allocation
services
and
duties
agreement,
so
cases
change
we're
covered
there.
K
The
other
thing
that
we
had
talked
about
that
I've
been
thinking
about
and
wanted
to
suggest
was.
We
talked
about
sort
of
moratorium
triggers
as
they're
outlined
in
that
allocation
and
services
and
duties
agreement
and
then
potentially
like
caution
triggers.
So
if
there
are
before
we
get
to
those
moratorium,
triggers
to
sort
of
have
warning
and
as
I
was
thinking
about
it,
I
don't
know,
I
think
the
question
for
the
operating
committee
is:
do
you
want
to
start
reviewing
the
the
data
on
those
trigger
points
at
each
meeting
or
quarterly?
K
Because
if
you
do
that,
then
I
guess
I
asked:
do
you
really
need
to
come
up
with
like
a
caution,
Trigger
or
if
you're,
reviewing
that
trigger
on
a
regular
basis
that
those
indices?
You
were
already
monitoring
before
you
get
to
that
trigger
point,
and
so
that's
something
that
I
wanted
to
throw
out
to
the
group.
L
A
Thank
you,
someone
else
has
hands
just
go
up.
You
can't
tell
no
so
I've
been
thinking
about
this
kind
of
whole
trigger
point
discussion
as
well,
and
you
know
there's
a
section
down
below
about
subcommittee
and
I
kind
of
In
My
Memory
we've
been
kind
of
touching
back
to
the
trigger
point
discussion
for
a
little
while
now
and
it
does
it
can
get.
You
know
a
little
bit
more
technical,
so
I
wonder
you
know.
A
My
proposal
is
if
we
would
consider
creating
a
subcommittee
or
some
other
ad
hoc
group
to
sort
of
specifically
address
that
trigger
point
conversation
because
we've,
you
know
we
don't
have
necessarily
enough
time
in
these
monthly
meetings
to
kind
of
go
dig
into
that
in
detail.
But
again,
the
reason
why
it's
been
coming
up
is
that
now,
given
the
larger
fund
size
that
we
have
and
having
some
history
now
with
the
mccf
I
think
it's
a
good
time
for
us
to
reevaluate
what
those
trigger
points
may
be.
A
A
Got
it
any
other
thoughts
or
objections
or
parent
prayer,
if
not
parent,
do
you
think
that
the
best
course
of
action
would
be
to
just
leave
what
you
currently
have
right
now
and
if
and
when
we.
E
K
I
would
my
recommendation,
or
my
thinking
is-
to
leave
the
services
and
duties
agreement
to
just
those
limited
trigger
points
that
are
in
there,
because
that's
the
guiding
document
that
was
approved
by
the
County
Commissioners
Etc
and
so
to
leave
that
broader
and
then
the
operating
committee
can
determine
if
it
wants
other
other
monitoring
points
or
something
like
that
with
and
if
the
operating
committee
comes
up
with
a
trigger
point
that
it
feels
like.
K
D
I'm
not
sure,
what's
going
on,
but
Nikki
and
Francia,
and
maybe
the
YouTube
channel
just
stopped
working,
which
leads
me
to
believe
because
I'm
not
in
I'm,
not
in
the
office
at
the
moment,
but
they
are
leads
me
to
believe.
We
lost
network
connectivity
at
City
Hall,
which
happens
sometimes,
so
we
might
need
to
give
them
a
second
to
get
back.
E
A
Okay.
Those
are
all
great
points.
Karen.
Thank
you
for
bringing
that
up.
I
I
I
do
remember
that
the
services
and
duties
agreement
was
it's
kind
of
a
sort
of
a
master
document
that
would
require
a
few
more
layers
to
to
get
any.
You
know
changes
made
in
there.
A
So,
for
the
sake
of
this
document,
the
rules
of
procedure
you,
what
you're
saying
is
that
if
we
were
to
propose
additional
trigger
points
that
were
not
necessarily
in
conflict
with
the
overall,
the
larger,
you
know
the
larger
document
that
we
could
kind
of
just
put
it
in
this
document
and
not
have
to
mess
with
the
services
and
duties
one
right.
A
K
Yes
and
then
again,
I
think
maybe
that
group
needs
to
have
a
discussion
too
about
whether
they
can
set
a
trigger
point.
That
would
be
a
moratorium
on
lending
through
this
or
whether
they're
more
like
the
caution
trigger
points
that
we
discussed.
And
if
that
you
know
or
if
there's
other
things,
the
operating
committee
wants
to
monitor
in
terms
of
fund
performance,
just
on
a
regular
basis
like
like
monitoring
the
trigger
points
that
are
already
named.
Okay,.
G
Okay,
when
we
say
regular
basis,
I
think
it's
quarterly
that
we
do
our
overall
perform
fund
performance
review.
So
I
wonder
if
that
is
helpful
to
specify,
but,
like
Tim
said,
I
feel
pretty
good
about
the
way
that
we've
built
those
data
into
our
practice
of
of
monitoring
that
fund
level
of
data.
A
Yes,
so
yasleen
has
gone
in
contact
with
me
and
she
is
preparing
this
the
most
recent
quarters
metrics,
but
we
will
review
that
next
month's
meeting,
so
that'll
be
kind
of
a
good
refresher
for
all
of
us
on
what
we're
currently
doing
with
the
metrics
that
and
data
that
we're
tracking,
and
then
you
know
if
we
want
to
add
to
that
or
you
know
yeah
if
we
want
to
change
that
process
in
any
way,
so
I.
A
A
I
know
that
we
have
a
subcommittee
section
later
down
in
this
document
as
well
and
I.
Don't
know,
we've
done
an
official
subcommittee
before
if
that's
something
that
we
want
to
do
for
this,
the
sake
of
this
discussion
or
if
we
want
to
do
something
else,
that's
less
efficient
than
the
subcommittee
foreign.
F
Thinking
too
Maui
it
sounds
like
you're
right
there
is
that
just
acknowledging
what
we'll
need
to
have
in
place
if
it
needs
to
be
a
a
public
meeting,
as
these
meetings
are
or
if
a
different
style
of
of
group
can
be
more
like
a
working
group
that
could
really
advise
on
that.
So
sounds
like
something
that
we
could.
We
could
research
and
get
back
to
you
on,
but
because
I'm
not
I'm,
not
quite
clear
on
just
the
exact
difference
or
what's
required
of
each.
F
But
it
sounds
like
something
that
yes,
a
working
group
with
the
idea
being
to
really
focus
in
on
the
technical
aspects
of
the
trigger
point,
be
able
to
do
that.
Deep
dive
and
then
report
back
to
this
group
publicly
on
on
the
discussion.
The
high
level
points
and-
and
even
some
recommendations,
perhaps
would
be
great.
A
What
would
be
the
best
route
for
us
to
get
more
clarity
on
whether
this
warrants
com?
You
know
forming
an
official
subcommittee
I,
don't
know
who
who
may
have
the
best
dad
contact
with
legal
on
that
and
how
we
can
get
more
clarity.
L
So,
just
to
clarify
do
we
feel
that
we
need
to
get
additional
clarity
if
they're?
If
there's
no
Quorum,
my
understanding
would
be
that
we
would
be
able
to
have
a
small
group
meet
which,
like
we
just
did
I,
don't
see
the
need
to
create
a
subcommittee
that
seems
more
long-standing,
just
kind
of
a.
D
It
seems
to
sorry
I
didn't
need
to
step
on
you.
There
please
yeah
I
would
concur
if
we
have
a
small
working
group
or
a
task
group
that
is
not
a
quorum
of
this
committee,
so
they're
not
taking
action
they're,
simply
working
through
details
to
bring
recommendations
back,
but
this
group
is
you
know.
Quorum
of
this
group
is,
is
really
initiating
the
changes.
D
A
Got
it
so
that
would
mean
the
group
would
probably
be
just
three
people
at
the
most
yeah
okay
I
mean
if
everyone
feels
good
about
three
people
kind
of
doing
a
working
session,
I
mean
at
least
to
take
a
first
dab
at
it.
You
know
it
is
pretty.
The
scope
is
fairly
defined
to
the
trigger
points.
So
I
wouldn't
imagine
it.
A
You
know
needing
everyone's
input
and
that
initial
stage
we
can
kind
of
go
with
that.
So
it
sounds
like
Carl
is
up
for
it.
Does
anyone
else
feel
strongly
that
they
want
to
be
a
part
of
that
group
to
review
trigger
points.
A
K
I
would
recommend
that
whoever's
on
it
maybe
look
at
the
last.
What
we
get
in
those
quarterly
reports
and
then
maybe
talking
with
either
us
or
Mountain
Community
Capital,
just
I
mean
sorry
Mountain,
Biz
Works,
just
in
terms
of
the
like.
What's
the
data
that
we're
already
looking
at
versus,
would
there
be
other
things
and
then
like?
What's
if
there
are
other
data
points
like?
Are
they
possible
data
points
to
get
before
proposing.
A
Right
got
it:
okay,
yes,
Carl.
B
Sorry
I'm
still
stuck
back
on,
you
know,
Nikki's
question
or
comment
about.
Can
we
really
install
additional
trigger
Bill
question?
We
need
to
have
answered
first
or
are
we?
Are
we
meeting
to
to
install
something
that
would
not
be
approved.
A
F
And
and
I'll
this
is
the
function
of
quick
text
messages
between
your
city
clerk,
so
I
was
able
to
reach
out
to
Sarah
gross,
as
we
were
discussing
this,
and
she
did
concur
that
a
working
group
is
an
informal
body
of
a
public
committee
and
so
can
be
formed
informally
to
tackle
specific
tasks
so
long
as
it
is
a
less
than
a
quorum
of
the
full
board.
F
So
it's
good
news,
so
I
think
we
are
clear,
then,
to
establish
this
working
group
hearing
from
Karen,
too
I
mean
we
do
have
some
non-voting
members
of
this
board.
That
I
think
would
be
helpful
participants
in
this
discussion,
and
so,
if
that's
helpful,
Carl
I
I
I
didn't
hear
all
of
your
question,
but
I
just
did
want
to
make
that
clear
so
that
we
can
take
this
step
if
we,
if
we,
if
we
want
to
today.
B
A
Okay,
perfect
and
that's
a
great
suggestion,
nikisio
if
any
non-voting
members
want
to
be
a
part
of
that,
we
would
welcome
all
the
input
you
know
and
it
will
make
for
a
better
discussion
in
addition
to
Carl
and
I,
so
feel
free
to
think
about
it,
some
more
and
feel
free
to
email
me.
If
you
want
to
be
a
part
of
that
and
then
Carl
you
and
I
can
coordinate
offline
on
when's
a
good
time
for
us
to
meet
foreign.
A
K
So
the
next
one,
so
this
one
I'm
just
well
tell
you
what
let
me
go
down
and
then
I'll
come
back
to
that.
The
credit
underwriting
committee,
so
we
had
talked
some
about.
Originally.
K
We
had
made
the
change
prior
to
all
of
this
that
the
committee
shall
function
as
the
credit
under
editing
committee,
and
then
we
had
the
discussion
about
sort
of
privacy
issues
around
some
of
the
information,
and
my
recommendation
is
actually
to
go
back
to
the
original
language,
which
would
just
say
the
committee
shall
designate
and
appoint
five
members
to
a
credit
underwriting
committee,
one
of
which
shall
be
the
representative
member
of
the
city
of
Ashville,
one
Buncombe
County
Etc,
and
the
reason
that
I'm
suggesting.
K
That
is
because
there
is
nothing
in
the
document
that
states
that
the
committee
can't
designate
its
own
members
to
be
part
of
that
credit
underwriting
committee
and
I
I
I.
Think.
The
question
then
is-
and
this
is
something
that
had
come
up
again
in
this
issue
of
privacy-
was
then
does
the
credit
underwriting
committee?
K
Does
it
need
to
be
public
or
is
it
can
it
share
other
information
that
just
stays
within
that
committee
so
that
I
I
don't
know
that.
A
So
this
would
probably
qualify
as
a
subcommittee.
I
would
think
if
we
were
to
go
back
to
you
know
having
a
credit
underwriting
committee
that
you
know
is
five
out
of
the
seven
members,
so
that
would
be
Quorum,
so
it
probably
can
qualify
as
a
subcommittee
and,
if
I
recall
correctly
down
further
down
oh
yeah.
So
this
is
under
the
subcommittee.
Okay,
so
I
think
there's
language
about
it
being
a
PR,
a
public
forum.
D
We,
if
we're,
if
we're
going
to
be
meeting
publicly,
that
same
looking
deeper
into
a
particular
organization's
finances,
for
instance,
we
may
not
be
able
to
share
that
that
information
in
a
confidential
way.
A
Yeah
this
came
up
when
we
were
having
our
special
meeting
back
in
August,
and
there
was
some
confidentiality
concerns,
but
we
ultimately
ended
up
holding
that
meeting
publicly.
So
I
think
your
your
concerns
are
definitely
valid.
Karen
and
your
recommendation,
you
know
I
again
definitely
see
your
points.
There
I
wonder
how
the
larger
committee
feels
about
us
kind
of
circling
back
to
the
original
language.
A
I
think
some
of
the
intent
of
us
going
away
from
that
original
language
was
just
that
there
are
already
so
few
of
us
so
to
kind
of
break
off
most
of
us
into
a
separate
group.
You
know,
may
not
be
necessary,
especially
if
we
don't
we're
not
accomplishing
the
confidentiality
goal
there
either.
A
H
K
The
original
language
is
just
the
committee
shell
designate
and
appoint
five
members
to
a
credit
underwriting
committee,
one
of
which
shall
be
the
representative
member
of
the
city
of
Asheville,
one,
the
representative
memory,
Buncombe
County,
and
then
the
remainder
that
you
see
there
and
and
it
could
be
changed-
shall
designate.
In
a
point
of
credit
underwriting
committee.
H
Okay,
I'm
I,
guess:
if
it
can't
function
and
discuss
pertinent
aspects,
then
why
have
it
anyway?
If
it's
gonna,
you
know
if
the
concern
most
of
the
credit
underwriting
committees
that
I've
ever
been
on
or
had
are
dealing
with,
of
course,
Are
banks,
of
course,
but
the
other
ones
that
I've
been
on
where
there
were
public
funds
involved,
have
been
waivers
that
those
folks
would
have
to
sign
because
they
are
using
public
monies.
So
I
know
that's
not
an
issue
here
and
it
probably
will
not
be
written
into
the
equation.
H
But
if
we
don't
have
the
ability
as
a
credit
underwriting
committee
or
whoever
is
on
that
to
ask
pertinent
specific
questions,
then
all
we
need
to
do
is
just
rubber
stamp
and
let
whoever
package
it
do
whatever
they're
gonna
do.
That
is
the
only
concern
that
I've
gotten
that
we
pretty
much
operate
in
another
sphere
other
than
operating
as
a
valid
credit
underwriting
committee.
That's
about
all
I
have
to
say
about
it.
B
A
Thank
you
any
other
thoughts.
F
I'll,
add
to
that
that
I
I
do
think
you
know
D.
She
touches
it
with
a
fine
point
like
I.
F
Think
that's
where
we
got
to
last
time
is
really
trying
to
understand
the
balance
between
public
information,
or
you
know,
public
access
to
information,
confidentiality
of
financial
information
and
then
how
that
intersects,
with
the
role
of
of
this
of
the
overall
committee
and
so
I
I
I,
think
it
would
be
great
to
wrap
our
arms
around
that
really
clearly,
both
with
identifying
and
being
clear
on
the
role
of
mccf
as
well
as
identifying
if
there
is
a
need
here
and
then
having
legal
guidance
on
how
how
we
need
to
address
that.
F
So
I
think
it
seems
to
me
like
having
having
some
conversations
just
again
to
with
our
our
legal
team
might
be
necessary
now
just
again,
so
that
we're
fully
empowered
to
acknowledge
what
we.
What
our
our
role
is
as
it
relates
to
the
credit
underwriting
and
then,
if
there
is
a
desire
to
have
a
smaller
working
group,
to
look
at
the
particular
financials,
just
understanding
what
how
all
that
fits
together.
So
I
could
you
know
I
would
think.
Maybe
Frank
I'd,
like
your
opinion
here,
is
that
we
could
city
of
Asheville.
F
We
could
go
back
to
our
City
attorney
and
have
that
conversation
with
their
office
in
in
that
twofold
way
is
one
just
perhaps
even
to
help
clarify
and
understand
the
role
of
the
committee,
as
it
relates
to
our
our
agreements
that
we
have
with
the
duties
and
services
performed
by
our
partner
Banks,
but
then
also
just
be
clear
that
this
is
a
point
of
of
concern
that
we've
noted
and
just
understanding
how
how
that
rolled
in
would
would
then
inform
whether
we
need
to
consider
a
specific
way
in
which
to
have
this
credit
underwriting.
F
So
so
we
can
put
that
on
our
to-do
list.
If
that
makes
sense,
maybe
even
have
legal
come
back
at
the
next
meeting
of
this
group
to
share
out
share
out
that
information,
because
I
think
I
think
we
still
had
some
remaining
questions,
even
after
our
last
convening
so
I'm
I'm
happy
to
do
that.
If
that's
something
that
makes
sense
for
this
committee
and
we
think
it
would
be
beneficial.
A
Thank
you
Nikki
for
offering
that
and
me
personally
I
do
think
that'll
be
beneficial
and
the
more
clarity
we
can
get
the
better,
because
you
know
we
we've
kind
of
sped
our
Wheels
a
little
bit
even
just
on
this.
This
section
of
5.1
here
and
I
think
what
you
sense,
probably
is
the
underlying
issue.
There
is,
we
don't
have
a
good
grasp
of
how
much
you
know,
power
and
authority,
and
what
our
role
is
in
this
this
credit
process.
A
So
if
you
and
Frank
can
take
that
on
and
report
back
next
month,
I
think
that
would
be
beneficial
Rachel.
Any
thoughts
from
you.
G
Fair
fun
question
for
Nikki
I'm.
Listening
for
Next
Step
s,
I
heard
you
mention
legal
once
before,
which
was
in
when
that
we
were
discussing
the
section
around
Vice
chair.
So
is
the
intent
to
bring
this
full
document
to
City
legal
for
review?
Are
you
specifically
going
to
them
with
a
question
around
credit
underwriting
committee.
F
I
think
it's
two
things
because
I
think,
even
in
our
past
meetings
and
Tim
helped
me
out
here
like
we
had
both
acknowledged
that
both
County
and
City
legal
would
likely
want
to
review
proposed
edits
to
any
kind
of
legal
document.
Obviously,
I
mean
I.
F
Think
what's
helpful
here
is
that
as
the
service
providers
and
the
administrators
we're
providing
good
content
for
consideration,
but
ultimately
any
final
blessing
on
these
changes
are
going
to
have
to
be
reviewed
and
and
developed,
approved
revised
by
our
our
legal
teams
and
so
again,
I
think
to
my
I
think
in
the
past.
We
both
mentioned
that
that
city
and
county
legal
would
likely
want
to
have
that
ability
to
to
review
and
and
to
prove
and
then
I
think
it's
an
and
right.
F
So
so
legal
will
want
to
review
all
of
these
changes
and
I.
Think
legal
would
have
the
capacity
and
be
the
right
entity
to
advise
us
on
on
the
on
the
role
of
the
committee
as
it
pertains
to
our
Lane
right
versus,
like
Mountain
bizworks
Lane,
and
our
partner
Lanes,
like
that's
I,
think
that
would
be
helpful
and
I.
Think
that's
something
that
I
mean
again
I
can
I
can
make
the
call
to
Legal.
F
Have
the
meeting
talk
with
him
about
it,
talk
to
them
about
some
of
the
the
where
we
are
now
and
again
that
you
know
and
see
if
if
they
have
a
clear
understanding
of
how
that
of
how
our
role
is,
and
maybe
they
won't
be
the
right
person
to
ask
but
we'll
start
there,
but
so
if
it's,
if
it's
okay,
that
would
be
two
action
steps.
One
is
just
to
get
further
clarification.
F
From
legal's
perspective
on
on
the
role
of
mccf,
with
with
maybe
some
more
specific
details
about
this
ability
to
form
a
committee
if
needed,
but
then
also
to
note
that
once
these
doc,
once
these
documents
have
had
suggestions
by
by
this,
this
group
and
and
the
working
group
that
may
want
to
inform
the
trigger
point
discussion
that,
yes,
we
would
ultimately
have
legal
put
the
the
final
approval
on
the
document.
G
Got
it
so
not
ready
to
send
them
a
draft?
Yet
two
things
going
on
a
subgroup
for
the
trigger
points
and
then
a
legal
sort
of
advising
conversation
related
to
credit
underwriting.
L
Sounds
great
Nikki
appreciate
you
taking
that
step,
I'd
recommend
that
we
do
a
joint
legal
conversation.
Just
keep
this
thing
moving,
feel
free
to
update
City
legal
prior,
but
I
think
we
want
both
legal
departments
together
to
kind
of
discuss
that
way.
We're
not
kind
of
having
segmented
conversations.
K
And
I'd
like
to
request
whether
it's
with
the
that
legal
or
before
we
come
back
to
this
committee
that
I'd
like
to
bring
our
legal
into
this
as
well,
because
I
just
want
to
make
sure
that
from
the
sort
of
privacy
concerns
you
know.
As
a
credit
union,
we
have
regulations.
K
We
need
to
follow
as
well,
and
we
do
report
on
two
funders,
but
just
may
have
ways
to
anonymize
some
of
the
information
and
so
I'd
like
to
just
make
sure
that
that
those
ideas
and
concerns
and
and
solutioning,
is
that
we're
involved
in
that
as
well.
A
F
K
Had
we
took
this
section
out-
and
there
was
everyone's
in
agreement
on
that,
because
this
this
section
right
above
was
around
termination
of
the
fund,
but
one
of
the
questions
that
come
up
was
this
D,
which
you
can
kind
of
see
through
there.
That
said
any
so
this
is
the
fund
may
be
terminated
prior
to
maturity
by
and
section
D
said
any
participating
lender
as
to
that
participating
lender
by
providing
written
notice
and
and
I
went
back
to
our
legal
and
to
them
when
they
read
this.
K
It's
just
as
I
had
said
that
saying
any
participating
lender,
comma
as
to
that
participating
lender
means
that
participating
lender
can
only
terminate
their
portion
like
them.
Their
involvement
in
the
agreement,
not
the
full
agreement
and
I
know
that
had
come
up
before
so
I
wanted
to
clarify
that
and
if
others
are
going
to
their
legal
teams
now
for
other
things
and
want
to
just
make
sure
that's
the
same,
read
they
have
then,
and
they
can
do
that
as
well.
A
Okay,
so
for
that
section,
D,
just
real
quick,
it's
it's
still,
you
know
strike
that
strikethrough
is
also
through
that,
but
I
think
wasn't
it
already
in
the
other
document.
Is
that
right.
K
Right,
so
it
was
just
more
the
language
sorry
somewhere
up
here,
I
have
in
this
language
in
this
is
the
services
and
Judaism
agreement
right,
so
that
termination
is
in
here
here
we
go
article
12,
page
11.,
but
it
was
more.
The
question
had
come
up.
Well,
why
can
a
participating
lender,
terminate
the
fund
and-
and
the
answer
is
that
they
can't
here
we
go
there
we
go.
This
is
this:
is
the
services
and
duties
agreement
and
the
answer
is
that
the
participating
lender
can't
terminate
the
fund.
K
A
Thank
you,
yeah.
That
makes
sense
to
me
any
about
their
remaining
questions
on
that
last
point.
H
Just
a
general
overall
on
I
guess
what
we've
gone
over
is
that
when
you
start
getting
into
drafting
as
we
are
seem
to
be,
it
may
do
us
well
to
stay
with
Concepts,
because
drafting
is
usually
left
to
attorneys.
H
I
know
that
in
most
Fields
it's
almost
like
practicing
law
when
you
start
drafting
or
redrafting
a
legal
document,
so
we've
just
put
our
thoughts
up
there
or
whatever
and
then
have
legal
peruses.
It
might
be
an
easier
do
that's
about
it!
That's
the
only
thought
that
I
have
right
now,
because
it's
very
it
can
it
can
get
to
be
real
tenuous
and
real
time
consuming
too
and
and
may
not
even
be
legal.
So
that's
that's
just
my
input
thanks
yeah.
K
A
Yep
and
that's
a
great
pointy,
thank
you
so
much
for
reminding
us
all
of
that
great
points
there
and
thank
you
Karen
for
putting
all
this
together.
So
I
think
we
have
some
action
steps
for
next
time
and
we
yeah
definitely
not
I,
don't
have
a
finished
draft
yet
so
it's
a
work
in
progress,
but
I
just
appreciate
all
the
work
that
everyone
here,
but
especially
you
Karen
have
put
into
this
document
so
far.
So
if
everyone
is
good
with
that,
we
do
have
one
so
well,
two
pretty
important.
A
You
know
items
of
discussion,
the
first
thing
we
we
do
need
to
discuss
and
take
a
vote
on
future
meeting
preferences.
That
would
probably
be
the
most
pressing
thing
for
that.
A
We
should
make
sure
we
get
done
today
and
that
I
know
yaseline
you've
put
together
a
loan
request
as
well,
but
in
the
interest
of
time
we
may
be
able
to
get
through
both
of
those,
but
just
in
just
in
case
we
don't
I
wonder
if
the
how
everyone
feels
about
us,
possibly
calling
a
special
meeting
to
address
to
address
the
loan
requests.
I,
don't
know
how
timely
that
is.
A
Yeah
see
like
if
that
is
something
that
the
founder
you
know
is
is
needing
funding
quickly
because
I
at
this
point,
I'm
not
sure.
If
we'll
be
able
to
do
it,
justice,
I.
M
Mean
I
would
rather,
if
we
could
vote
on
it
today,
that'd
be
great
I.
Think
it's
it.
You
know
pretty
important
if
we
get
it
done
today.
I
just
don't
know
how
quickly
we
can
get
a
special
meeting
scheduled
I
know.
We
have
some
time
that
we
have
to
notify,
so
I
would
rather
go
if
we
could
do
that.
I'd
appreciate.
A
E
10
35,
but
if
we
need
to
I,
can
extend
that
time
for
us,
okay,.
A
A
Yasmine
before
we
dive
in
I
didn't
want
us
to
get
too
off
track
on
conversation,
and
then
you
know
not
leave
any
room
for
the
loan
request,
so
so
yeah,
let's
just
jump
right
into
the
discussion
and
then
vote
on
the
future
meeting
preferences
and
I
will
turn
it
over
to
you
Frank.
To
give
us
some
update
and
context
around
that.
G
G
Thank
you
that
conversation
went,
went
covered
a
lot
of
territory
and
I
wanted
to
make
sure
that
what
I
was
writing
down
matched
with
everyone
else
thought.
Thank
you.
Yes,.
D
Okay,
I
will
try
to
be
quick,
so
the
shorthand
is
this:
the
city
of
Asheville
during
Cova
times
shifted
to
a
remote
meeting
policy,
but
they've
met
recently
to
make
the
default
in-person
meetings
unless
a
board
votes
to
remain
remote
in
order
to
remain
remote.
We
have
to
have
two-thirds
of
our
voting.
Members
approve
that
that
meeting
venue
of
being
a
remote
meeting
and
we
have
to
commit
to
it
for
12
months
and
we
just
lost
somebody
who'd.
We
lose
not
sure
who
we
lost
there,
who
did.
D
I
hope
he
comes
back
so
anyway.
We
have
to
have
a
two-third
majority
to
approve
this
in
order
to
remain
remote.
If
we
do
not
have
two-thirds
majority,
if
the
motion
does
not
pass,
then
the
then
we
automatically
revote
revert,
revert
back
to
in-person
meetings,
beginning
November
1st.
D
So
that's
the
background,
given
that
we
just
lost
Carl.
Should
we
delay
this
for
a
few
minutes
until
he
comes
back,
we.
G
Order
to
get
there,
so
we
have
five
still
in
the
line.
D
A
I
know
you
are
enthusiastic
about
this
topic,
I
think
just
giving
just
you
know
a
few
seconds
for
anybody
who
may
have
any
questions,
or
you
know
any
thoughts
just
for
discussion
before
we
jump
into
the
vote.
D
A
D
Voting
member
I
will
say:
I
feel,
like
this
format
actually
works
pretty
well.
There
is
more
staff
support
that
is
required,
obviously,
and
we
do
have
technical
challenges
from
time
to
time,
but
I
think.
Overall
we
get
good
participation
and
we
get
participation
from
folks
when
they
are
when
they
are
away
from
home
and
I
think
that
in
order
to
keep
the
business
moving
forward,
this
works
pretty.
Well,
that's
my
personal
opinion.
A
Yep
agreed
there
and
I
see
that
Carl
is
back.
So
if
you
want
Frank
you're
welcome
to
motion.
D
So
I'd
like
to
make
a
motion
to
remain
as
a
virtual
meet
for
this
for
the
mccf
meeting
to
remain
as
a
virtual
meeting
for
the
period
of
12
months
per
guidance
from
City
Council
on
our
remote
meeting.
Policy
can
I
get
a
second.
G
I
would
like
to
suggest
that
it's
for
an
indefinite
period
at
least
12
months,
so
that
we
don't
have
to
come
back
and
vote
on
it
each
year.
If
we
don't
have
to.
D
D
A
Dick
good
one
there
Rachel
thank
you
so
so
we
have
a
second.
So
let's
take
the
vote.
All
in
favor
raise
your
hand,
foreign.
A
Rachel,
you
got
that
and
then
any
opposed
raise
your
hand.
A
D
I
see
you,
you
have
a
your
finger
up.
Did
you?
Are
you
you're
voting
right,
you're
voting,
a
post,
okay,.
A
So
we
I
think
we
had
I
couldn't
quite
get
all
the
votes
there,
Rachel
hammy
yeses
did
we
get.
G
A
A
M
Alrighty
give
me
one
minute:
I
will
share
my
screen.
G
A
But
yeah
feel
free
to
you
can
I'm
kind
of
sharing
about
it,
while
I
yeah,
of
course
in
here.
M
We
have
been
working
with
this
particular
client
since
20
21
I
believe
not
from
a
loan
perspective,
but
from
a
learning
a
learning
side,
so
he's
been
involved
with
our
he's
been
involved
with
our
learning
Services.
This
is
a
the
owner
is
an
African-American
male.
The
business
started
in
2019
in
December
of
2019..
M
So
really
the
business
has
been
operating
for
about
two
years
or
so
it
is
located
in
the
city
of
Asheville.
There
we
go,
could
you
make
that
a
little
bit
bigger
Maui?
Yes,
everybody
can
see
that.
M
Okay,
so
2020,
obviously
the
revenue
he
was
at
a
loss
due
to
it
being
the
first
year.
He
had
some
expenses
and,
of
course
you
know
startup
cost
and
so
on,
no
depreciation
in
2020
and
in
2021
he
has
not
filed
his
tax
returns.
Yet
there
are,
there
has
been
an
extension
that
has
been
filed.
M
However,
he
was
profitable
in
2021,
as
you
can
see
so
nine
thousand
dollars
2022
he's
doing
much
much
better
he's
been
able
to
pick
out
pick
up
additional
routes,
so
Revenue
year
to
date
is
17
000.
and
the
loan
request
is
for
seventy
thousand
dollars.
Twenty
thousand
of
that
is
debt
refi.
The
original
debt
that
he
took
on
was
really
to
get
him
through
covid.
M
He,
since
he
did
start
in
20
late
2019,
because
he
didn't
have
that
Revenue
during
2019.
He
didn't
qualify
for
any
kind
of
debt
relief,
so
in
no
idle
money,
no
SBA,
no
any
kind
of
disaster
relief.
So
he
was
he.
He
took
a
twenty
thousand
dollar
loan
with
us
to
be
able
to
really
keep
up
with
his
payroll
and
just
working
capital.
M
So
we
did
that
for
him
and
since
then
he
was
able
to
purchase
a
vehicle
as
well,
and
so
the
purpose
of
this
loan,
particularly
so
20
20
000
of
that,
will
be
debt.
Refi,
we'll
be
purchasing
another
vehicle,
a
second
vehicle
in
working
capital.
M
M
The
collateral
will
have
or
security
interests
will
have
us,
UCC
and
all
business
assets,
of
course,
and
then
we'll
have
the
two
vehicles,
so
the
vehicle
that
he
currently
has,
plus
the
new
vehicle
that
we'll
be
purchasing
the
vehicles
are
valued.
Both
vehicles
together
are
valued
at
about
25
000,
with
the
discount
already
applied,
which
is
50.
The
discounts
have
been
applied
per
SVA
guidelines,
so
we
just
mirrored
the
SBA
discounted
value
there.
M
The
payments
are
96
payments
of
principal
and
interest
payments,
which
is
the
919.90.
The
credit
score
he's
got
a
678
credit
score.
He's
current
on
all
trade
lines.
There's
been
no
charge,
UPS
no
collections,
no
bankruptcies.
M
There
was
one
collection
account
that
he
was
not
really
aware
of.
This
has
been
resolved
and
there
are
no
concerns
on
moving
forward.
He
with
with
this
funding,
he's
going
to
be
able
to
also
bring
in
another
driver,
so
it
will
be
a
full-time
job
created
and
three
full-time
retained.
M
Like
I
said
he's
been
involved
with.
Mountains
works
from
the
beginning,
he's
received
15
hours,
15,
plus
hours
of
coaching
and
technical
assistance
in
accounting,
marketing,
General,
Opera
operations,
cash
flow
management,
HR
and,
of
course,
we've
documented
that
in
our
systems.
M
M
He
showed
resiliency
through
covid,
although
he
was
not
really
able,
he
wasn't
eligible
for
any
other
disaster
relief
funding
and
in
2022,
although
you
know
like
inflation,
has
impacted,
the
industry
he's
been
able
to
really
expand
his
business,
and
so
what
we
were
seeking
is
85
percent
guarantee
of
70
000,
which
is
about
fifty
nine
thousand
dollars.
H
Thank
you,
this
is
a
refinance.
Is
that
correct
part.
B
H
Okay,
so
what
is
the
APR
on
that
refi,
the
existing
loan?
Eight
percent?
M
H
H
H
M
H
He
didn't
have,
he
didn't
have
he
does
not
have
a
depreciation
allowance
on
his
taxes,
either
a
129
or
48.
None
of
that
correct.
He.
H
I'm
not
I,
think
it's
August,
it's
overdue,
and
let
me
just
ask
this:
his
cash
flow.
How
many
days
of
cash
does
he
have
on
hand
now.
M
H
And
let
me
ask
you
this:
how
long
is
the
moratorium
before
he
begins
to
make
a
payment?
You
usually
give
them
like
six
months.
Does
he
have
six
months
without
interest
or
peer
principle
or
interest?
So
what
what
are.
A
L
A
L
Hey
yasleen,
just
wonder
if
you've
talked
a
little
bit
more
about
the
industry
without
getting
too
specific
seems
like
this
person's
been
in
the
industry
for
a
while,
maybe
taking
sort
of
a
different
direction,
a
just
a
little
more
clarity.
M
Yeah
so
from
you
know,
he
obviously
been
in
the
industry
for
a
very
long
time,
but
decided
to
go
ahead
and
and
kind
of
start
his
own
business
he's
not
what
he's
always
driven
for
other
businesses
before
but
decided
to
kind
of
start.
His
own
Venture
with
close
employees.
M
M
M
Yeah
so
I
mean
yeah,
we've
not
we've
not
only
supported
him
pre-fun
or
pre-funding
with
technical
assistance
and
creating
a
an
intentional
marketing
plan.
But
we've
also
got
plan
for
systems
in
place
to
keep
supporting
him
post
loan
and
really
be
intentional
and
how
to
manage
one.
His
payroll
costs
and
his
human
capital
as
well.
A
A
Thank
you,
I
did
have
one
just
a
quick
question
on
the
like
purpose
and
use
of
loans
for
so
for
the
second
vehicle.
A
M
Great
question
yeah
yeah:
he
will
be
able
to
take
on
more
routes
as
well
and,
of
course,
he'll
have
another
driver,
so
he'll
be
able
to
definitely
expand
his
footprint
once
and
then
take
on
more
routes.
A
E
I
just
wanted
to
know
if
we
could
share
or
if
we're
allowed
to
know
if
this
person,
like
the
name
of
their
business
or
if
we're
not
allowed
to
share
that
information.
Okay,
understood
no
worries.
A
Thank
you
Francia
all
right.
If
we
don't
have
further
discussion,
then
you
know,
I
will
entertain
any
motions
at
this
time.
Any
action
on
this
loan
request.
A
All
right,
so
we
have,
let's
see
one
two,
three,
four,
five,
five
yeses
all
opposed
raise
your
hand.
Please.
A
Oh
okay.
Well,
for
some
reason:
I
only
read
five,
but
maybe
the
other
two
were
non
non-screen:
okay,
perfect,
so
the
motion
passes
and
the
loan
request
is
approved.
Thank
you
so
much
everyone
and
thank
you
for
that
presentation.
I'm
gonna
stop
share
now
and
then
we
will
go
to
public
comment.
If
we
have
any,
we.
G
We
did
Miss
Maui
the
update
from
the
city
business
inclusion
office.
If
the
study
staff
would
just
share
that
briefly
sure
I.
D
Can
do
it
very
quickly,
so
I
wanted
to.
Let
folks
know
that
Angelica
driver
has
resigned
from
the
city
of
Asheville.
Is
the
business
inclusion
manager
she
had
been
out
on
medical
leave
and
made
the
decision
that
was
best
for
her.
So
sorry,.
B
D
Have
lost
her
at
the
city,
we'll
be
looking
at
the
position
soon
and
we'll
post
for
it
in
the
near
future
and
I'm.
Sorry
I
should
go
ahead
and
mention
so
I'm
in
an
interim
role
in
CED
at
the
moment,
so
I'm
stepping
into
that
role:
sort
of
backfilling
for
Angelica
in
the
ABI
office,
so
wearing
two
hats
for
the
moment,
so
I'll
be
anxious
to
get
that
role
filled.
A
L
We
have
a
slight
update
since
Jeff
Kaplan
left.
You
know
we
have
a
vacancy
with
Buncombe
County
appointees,
the
Buncombe
County
Commissioners,
considered
two
applications
and
conducted
interviews
and
on
Tuesday
appointed
one
of
the
two,
and
so
the
selected
person
is
100
Guzman.
L
Some
of
you
may
know,
Hunter's
been
in
the
area
for
a
long
time
background
in
sort
of
running
operations
of
ERC
broadband.
So
looking
forward
to
welcoming
Hunter,
hopefully
to
our
next
meeting
but
Maui
once
saw
our
formal
notice
goes
out.
I'll
make
a
connection
to
you
and
then
we
can
talk
about
how
we
onboard
Hunters
to
get
him
up
to
speed.
A
Perfect,
thank
you,
Tim.
That's
a
very
welcome
update
to
round
out
our
group
more
and
look
forward
to
meeting
with
Hunter
and
would
love
to
just
you
know,
get
some
one-on-one
time
with
him
as
well,
so
I'll
be
looking
out
for
that
introduction.
Thank
you
all
right,
so
I
think
we'll
finally
jump
into
public
comments.
If
you
have
any
Francia,
if
we
do
not,
we
don't
all
right.
Well,
we
made
it
everybody.
We
made
it
through
our
our
whole
schedule.
A
So
if,
if
we
don't
have
anything
else
to
address,
we
can
go
ahead
and
adjourn
the
meeting
and
I
hope
everyone
has
a
great
weekend
and
fall
leaf
season.