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A
B
You
Frank
McGowan
city
of
Asheville
appointee
on
voting
member.
C
Good
morning,
everyone
Rachel
Nygaard
here
Buncombe
County
appointee
in
Buncombe,
County
staff
voting
them.
E
A
A
Thank
you
d.
G
B
Williams
appointed
by
the
city
of
Asheville,
D
Williams
and
Company
Incorporated
Eagles,
Wings,
Community,
Development,
Corporation
and
voting
member
perfect.
A
Thank
you
Kelly
good
morning,
Kelly
Foster.
A
Thank
you,
Tara
I'm,
not
sure.
If
Tara
came
back
in
yet
are
you
there
Tara.
A
Thank
you
and
my
name
is
Maui
Vang
I'm,
the
mccf
chair,
County,
appointee
voting
member,
so
I
think
we
went
through
our
whole
list
here.
If
I
miss
anybody,
let
me
know,
but
it
looks
like
all.
Seven
voting
numbers
are
present,
which
is
awesome.
So
with
that
we
have
a
slightly
lighter
schedule
today,
I
know.
Last
month
it
was
a
little
bit
of
a
marathon
meeting.
So
today,
hopefully
it's
a.
A
Lighter
schedule,
so
we
will
just
Jump
Right
In.
Hopefully
everybody
got
a
chance
to
review
the
meeting
materials
that
were
sent
out
yesterday
yeah
and
we
will
cover
those
items
as
we
go
through.
So
let
me
share
my
screen.
A
All
right,
so
here
is
our
agenda
for
today
make
it
a
little
bit
bigger.
A
So
we
just
have
a
couple
of
old
business
items
to
review
and
then
a
few
new
business
items
to
cover
with
that
said,
I
I
I'm
just
reminded
that
we
do
have
a
new
mccf
Committee
Member,
who
would
be
a
voting
member
but
I'm
not
sure
he
is
on
the
call
today
his
name
is
Hunter
Guzman
and
we've
had
some
challenges
connecting
this
month,
and
so,
if
Hunter
is
not
available
today
on
the
call
we
may
need
to
skip
this
part
right
here.
C
This
is
Rachel.
We
could
still
make
note
of
his
appointment
during
that
time.
A
Okay
sounds
good
so
with
that
said,
we'll
jump
right
into
our
agenda
items
here,
and
so
the
first
item
is
approval
of
minutes
from
our
last
meeting
from
October
7th.
So
if
anybody
has
any
questions
or
proposals,
otherwise
we
will
just
entertain
a
motion
to
approve
the
minutes.
A
Perfect,
all
in
favor
raise
your
hands.
A
That's
me:
Rachel's
up
Tim
Frank.
A
D
Sure,
yes,
we
were
discussing,
you
know
what
are
the
things
that
would
be
important
for
us
to
understand
on
the
notes
that
we're
guaranteeing
and
in
that
we've
had
so
much
back
and
forth
about
sort
of
what
we
might
like
to
do
as
a
committee,
but
may
otherwise
be
restricted.
Based
on
you
know,
legal
from
County
and
City.
D
We
thought
that
maybe
we
would,
you
know,
throw
out
the
things
you
know.
These
are
really
basic
items
that
we
would
like
to
know
about
loans
that
we've
guaranteed
and
then,
if
you
know,
Frank
and
maybe
Nikki
or
whoever's
responsible
for
connecting
with
the
legal
teams
of
these
groups,
that
you
know
we
could
see
if
there's
a
way
to
articulate
it
to
their
satisfaction
and
I.
D
Think
that
you
know
the
basic
things
for
us
were
if
one
of
these
loans
has
had
a
late
payment
or
a
missed
payment
or
has
otherwise
indicated
that
there's
a
need,
an
action
or
an
event
that
may
lead
to
default.
A
Thank
you,
Carl,
open,
I,
think
I,
see
that
Karen
just
joined.
Welcome,
Karen
good,
to
see
you
good
morning
good
morning,
so
we
already
did
roll
call,
but
if
you
would
like
just
to
do
a
quick
intro
and
on
whether
you
are
a
voting
or
non-voting
member,
that
would
be
awesome.
J
Yeah
sorry
I
would
be
late.
I'm,
Karen,
omanski
from
self-help
and
I
am
a
non-voting
member.
A
Perfect,
thank
you.
So
thank
you.
For
that
recap.
Carl.
We
were
just
discussing
Karen
on
the
trigger
points,
what
makes
sense
and
whether
we
it
warrants
us
making
any
changes
to
it
during
this
time,
and
so
Carl
and
I
met
earlier
this
week
and
the
the
biggest
takeaway
is
is
that
we
are
not
proposing
any
changes
to
the
actual
trigger
points
themselves.
A
But
if
we
can
find
some
sort
of
mechanism
to
either
either
add
a
new
trigger
point
or
just
some
sort
of
feedback
loop
over
above
meow,
what
we
have
currently
to
to
to
be
in
the
know
on
any
signs
of
delinquency
earlier
than
what
we
currently
have
because
later
we'll
see
in
the
Q3
report
that
Yasmin
will
share
with
us.
It'll
show
on
their
what
the
number
of
loans
and
the
dollar
amount
that
are
in
delinquency,
but
to
have
some
indicators
ahead
of
time.
If
and
when
the
lenders
find
out
about.
A
That
would
be
helpful
for
our
committee.
So
at
this
time
we'll
open
it
up
for
any
questions
or
additional
thoughts
or
discussion.
Details.
G
Thank
you
just
wondering
about
the
refinancing
I
served
on
a
number
of
credit
committees
before
and
a
lot
of
times
to
mitigate
risk,
especially
when
it
alone
is
transferred
from
one
Institution
to
another
or
needs
a
guarantee.
G
It
looks
like
there
is
some
risk
or
cash
flow
problem
that
has
been
detected
or
whatever,
and
so
I'm
just
wondering
about
that
and
I
understand
the
reluctancy
not
to
do
that,
but
I
think
that's
something
we
need
to
know
and
we
do
need
to
know
if
an
institution
is
carrying,
a
loan
has
been
carrying
one
and
then
refinances
and
for
a
greater
amount
of
money,
or
does
it
just
pay
itself
off
or
what
I
just
I've
just
noticed
that
that
we
probably
have
had
one
or
two
to
default
that
way
so
I'm,
seeing
that
as
a
pattern
and
I've
seen
it
before
in
other
institutions,
so
I
just
make
that
recommendation.
A
Yeah,
thank
you
Dee
and
thank
you
for
continuing
to
remind
us
of
the
potential
like
yeah.
A
Just
just
the
importance
of
refinancing
kind
of
the
potential
signal
that
brings
I
know
someone
had
their
hand
up,
but
just
a
real
quick
comment
is
that
I
think
I
believe
again
we'll
see
on
the
report
later
that
there
has
been
One
loan
payout,
but
I
do
believe
that
came
through
a
refinance,
and
so
perhaps
our
partner
will
comment
later
and
we
refresh
us
on
how
if
that
was
rolled
into
a
new
larger
loan
or
if
that
was
just
the
same
amount
under
and
be
being
restructured
all
right,
I
see
Tim.
F
Yep,
thank
you
Maui
and
Carl
for
sort
of
putting
some
thought
to
this
and
Dee,
as
always
for
sharing
your
thoughts.
Just
a
general
comment.
You
know,
I
think
the
group
should
identify
those
trigger
points
that
we
think
are
valid
and
then
go
from
there.
I
wouldn't
want
us
to
make
any
assumptions
about
what
you
know.
Legal
may
or
may
not
think
regarding
those
trigger
points,
I
think
we
should
identify
what
data
is
important
to
us.
F
I'd
also
take
this
opportunity
to
make
a
distinction.
You
know
there
are
few
items
that
you
know,
I
think
are
legal
collectively
would
say
we
cannot
collect
and
those
are
traditionally
can
be.
You
know,
pii
types
of
information,
the
Chicken
and
the
Egg
with
the
mccf
is
whether
or
not
we
can
have
a
closed
session
discussion
and
the
answer
to
that
is
no
from
a
legal
standpoint
that
doesn't
mean
that
we
can't
discuss
loans
at
some
level
of
specificity.
F
The
thing
for
us
to
be
aware
of,
though,
is
you
know
this
is
a
public
meeting
and
you
know
if
we
don't
need
to
share
certain
types
of
personal
information
we
shouldn't.
You
know
like
business
name
as
an
example,
but
there's
nothing
necessarily
that
says
we
can
so
I
just
want
to
make
sure
that
we're
establishing
kind
of
a
good
understanding
of
you
know
we
can't
go
into
closed
session.
That's
a
No-No
forbidden.
F
We
can
have
discussions
around
loans.
We
just
need
to
make
sure
that
as
a
committee,
we're
doing
right
by
those
that
are
applying
and
not
over
sharing,
if
you
will
so
just
want
to
make
sure
everyone's
kind
of
hearing
that
or
if
you've
got
concerns
or
disagreements,
is
what
I've
said.
Just
let
me
know
that's
my
interpretation.
A
A
We
have
sort
of
evolved
the
so
that
loan
presentation
document
from
since,
even
when
I
started
and
I,
don't
think
I,
don't
believe
we
have
a
long
presentation
today,
but
you
know
just
our
last
meeting
when
we
looked
through
I
noticed
that
there
were
a
few
additional
data
points
on
there.
A
That
was
helpful
for
me
in
particular,
for
example,
like
the
credit
score
and
I,
don't
recall
us
originally
having
that,
and
so
that
would
be
one
example
of
some
little
bits
of
additional
information
to
help
add
some
color
to
the
loan
requests,
but
that
doesn't
necessarily
you
know,
add
too
much
private
information
from
the
borrowers
so
or
applicant
any
other
thoughts
or
comments
or
questions
or
concerns
about
amending,
potentially
amending
these
trigger
points
to
add,
in
that
extra
layer
of
indicators
for
delinquency,
before
it
being
formally
categorized
as
a
delinquency.
E
That
was
me
yeah.
So,
given
that
we're
on
this
topic,
I
think
it
I'll
just
segue
just
for
a
second
in
a
related
update
regarding
our
check-in
with
our
legal
staff
and
since
I
don't
see
it
otherwise
on
the
agenda.
I
think
it
it's
relevant
to
bring
forth
here.
E
If
that's
okay,
Maui
but
yeah
so
I
would
say
any
you
know,
I
think
what
was
really
productive
with
our
meeting
with
legal
is
just
to
to
understand
that
that
is
a
resource
for
this
group,
so
that
we
can
ensure
that
our
governing
documents
are
where
we
need
them
and
can
help
us
with
our
decision
making
here
and
our
oversight
activities.
E
And
so
I
would
say
what
we
discussed
with
our
legal
team
was
just
doing
exactly
that,
just
looking
at
some
of
the
existing
documents
and
making
sure
that
they
provide
us
with
a
clear
understanding
of
our
role
and
also
taking
into
consideration
these
specific
updates
that
we
are
requesting
as
a
committee
and
allowing
legal
to
then
frame
those
updates
from
a
perspective
that
would
conform
with,
with
with
all
the
legal
requirements
of
of
city
county
and,
of
course,
our
partner
lenders
as
well.
E
So
again,
that
is
a
resource,
so
I
think
any
changes
that
are
recommended
or
anything
that
that
comes
forth
from
this
task
group
I
believe
a
productive
process
would
just
to
be
to
provide
those
updates,
whether
it's
just
a
outline
of
suggestions
or
or
any
kind
of
written
paragraph
just
to
say,
here's
what
we're
hoping
to
accomplish
and
then
allowing
legal
to
make
those
updates
in
the
document
itself
and
what
I
could
see
is
that
we
could
either.
E
Perhaps
do
one
one
sharing
as
just
an
initial
level,
set
to
share
out
those
changes
and
then
allow
everyone
to
kind
of
take
some
time
with
those
changes
really
digest
them
and
then
come
back
to
a
second
hearing
of
this
committee
to
approve
those
so
just
wanted
to
to
share
some
process
points
that
I
think
will
really
help
us
on
our
path
here.
I
see
Carl's
had
his
hand
up,
so
I
will
defer
to
him
yep.
D
Thank
you,
Nikki.
Thank
you.
Nikki
I
think,
that's
exactly
what
we
were
envisioning
was
you
know.
Can
we
get
a
clear
grasp
of
how
legal
would
articulate
this
as
opposed
to
debating
language
than
sending
it
to
legal
and
then
having
them
change
it,
which
is
kind
of
a
loop
we
feel
like
we've
been
stuck
in
here
a
little
bit
so
give
them
the
broad
stroke
see
what
they
come
back
with
and
if
we
could
agree
at
that
point,
I
think
we'd
save
us
all
a
lot
of
time.
D
A
Rachel,
thank
you.
Carl.
C
So
two
questions
one
is
in
the
meeting
with
legal
did
we
share
the
markup
draft
of
the
operating
committee
rules
of
procedure
document
that
our
group
went
through
last
time
and
is
that
already
in
that
review
already
in
process,
I'll,
ask
that
and
then
come
back
and.
E
That
is
correct
Rachel,
so
we
shared
that
so
Janice
Ashley
is
our
City
attorney.
It
works
in
the
city,
attorney's
office
and
so
she'll
be
doing
those
edits.
Her
General
comments
is
that
all
of
the
suggestions
looked
good
from
her
perspective,
I
and
I
think,
and
she
was
just
going
to
take
those
into
consideration
and
and
work
on
that
final
draft
to
for
us
to
share
with
the
committee,
so
that
is
in
process.
E
I
need
to
check
in
with
her
to
see
how
that's
coming
along
and
then
you
know
some
of
her
point
of
view,
which
is
really
helpful,
is
that
there
may
be
some
edits
again
that
just
speak
to
the
function
of
the
committee.
That
we
just
need
to
do
is
a
matter
of
housekeeping
right
and
so
I
think
she
was
already
looking
at
some.
Some
other
edits
that
we
would
need
the
committee
to
review,
but
that
may
be
helpful
towards
our
process.
Right
now,.
C
Thank
you.
My
follow-up
question
was
the
the
trigger
Point
conversation
that
Maui
and
Carl
have
been.
Having
will
that
be
part
of
that
same
document,
and
can
we
roll
that
in.
E
If,
if
that
can
be
shared
with
me,
I
can
then
take
that
forward
to
legal
and
so
and
again
it
would
come
back
to
this
group
with
those
suggestions
Incorporated
with
legal
comments
and
revisions
which
we
can
put
on
screen
and
then
let
the
committee
digest
and
then
come
back
again,
I'm
suggesting
a
second
hearing,
so
that
we
can
allow
that
to
be
really
well
vetted.
A
Mm-Hmm
I
do
have
one
comment,
but
I'll
wait.
I
know,
Karen
has
her
hand
up
so
Karen
feel
free
to
share
yeah.
J
So
mine
is
more
of
a
question
around
I.
Guess
the
procedures
for
this,
so
the
city
and
county
have
signed
that
services
and
duties
agreement
which
outlines
the
trigger
points
that
they
felt
needed
to
be
in
place
in
terms
of
ending
the
program
or
putting
a
moratorium
on
new
loans,
and
so
I
guess.
J
I
have
a
broader
question
about
what
are
documents
that
actually
legal
needs
to
review
versus
like
working
documents
for
the
committee,
and
it
seems
that,
if
there's,
if
there's
trigger
points
that
we're
coming
up
with,
that,
also
would
put
a
moratorium
on
it.
Then
that
would
need
to
go
to
legal
and
figure
that
out.
J
But
if
it's
things
that
it's
just
like,
for
example,
this
committee
is
thinking
about
what
do
we
want
to
monitor
on
a
regular
basis,
sort
of
before
I
even
get
to
that
it
wouldn't
shut
down
the
program,
but
we
want
to
think
about
it.
Is
that
really
legal,
or
is
that
just
sort
of
good,
prudent
operations
for
this
committee?
That's
that's
outlined,
is
what
the
operating
committee
should
be
doing
anyway.
J
J
What
are
the
city
and
county
agree
upon
and
then,
if
they
need
to
agree
upon
it
actually
doesn't
need
to
go
and
be
signed
if
it's
an
update
versus
just
things
that
we
are
doing
already,
underneath
what
they've
looked
at
and
reviewed
under
the
services
and
duties?
That's
that's
part
of
the
purview
of
this
committee.
A
That's
a
good
question:
Karen
yep,
Nikki
I.
E
Think
you
can
assist
here
because,
because
our
legal
effectively
said
you
know
shared
some
of
the
same
feedback
so,
namely
again
just
as
a
reminder.
We
have
these
two
major
documents
right.
One
is
this
duties
and
services
agreement,
which
is
a
legal
document,
a
legal
contract
between
our
government
entities
and
our
our
service
providers,
our
banking
institutions
and
so
really.
What
we
focus
on
in
our
meeting
with
legal
was
the
Mountain
Community
Capital
fund
operating
committee,
rules
of
procedures
and
you're,
absolutely
right,
Karen.
E
That
rules
of
procedures
is
really
kind
of
a
reflection
of
of
how
how
this
committee
then
functions
with
the
duties
and
services
agreement
as
a
guiding
document.
There
is
a
lot
of
leeway
with
with
our
ability,
because
it's
really
a
functional
document,
a
guidance
document.
E
If
you
will
it's
not
necessarily
a
legal
instrument
right,
but
from
my
perspective,
it's
just
extremely
helpful
to
have
our
legal
staff
who's
very
skilled
at
ensuring
that
I,
don't
know,
they're,
just
very
talented,
at
making
sure
that
we
cover
the
right
thing
things
and,
and
for
me,
that's
a
comfort
level
and
a
resource
that
we
have.
That
might
be
able
to
improve
our
efficiency
too,
as
a
group
in
the
review
of
these
documents,
which
is
why
I
I
was
I,
was
looking
forward
to
the
opportunity
of
having
legal.
You
know.
E
Take
all
these
comments
that
we've
been
sharing,
take
some
of
the
feedback
from
the
trigger
points,
task
group
and
really
do
that
heavy
lifting
of
revising
that
document,
and
thinking
too
about
just
how
how
we
can
improve
it
to
have
better
Clarity,
so
I
I
want
to
say
I
do
agree,
it's
not
necessarily
a
legal
document.
E
That
would
involve
our
legal
team
and
the
other
contract
parties
as
well
having
their
legal,
so
I
think
it's
probably
a
two-step
process
like
let's
just
make
sure
that
our
rules
of
procedure
are
very
clear
and
do
that
first
again,
utilizing
legal's
help
and
coming
back
to
this
committee
to
make
those
final
changes
and
then,
if
we
seek
to
do
anything
with
the
duties
and
services
agreement,
we'll
take
that
up
as
our
next
task,
but
I
I
think
right
now
it
seems,
like
everyone
is
still
focused
in
on
making
sure
our
rules
of
procedure
are
correct.
E
So
I
hope
that
answers
your
question
Karen
and
provides
a
good
process.
J
Yeah,
it
does
I
think
from
the
committee
perspective,
though
I
like
our
attorneys
too,
and
think
they
do
a
great
job.
I
also
would
want
to
make
sure
that
it's
not
that
this
committee
has
the
ability
to
say
you
know
what
legal
says
we
sh
this
and
the
operating
committee,
but
we
feel
differently
and
that's
okay.
You
know
I
mean
if
it's
not
if
they're,
if
it's
not
something,
that's
going
against
the
rules.
A
So
maintaining
flexibility
I
think
what
I'm
hearing
you
sort
of
allude
to
Karen
Rachel
in
your
thoughts.
C
It
so
that
means
our
our
body
is
the
group
that
gets
to
adopt
changes
to
the
operating
agreement,
which
is
great
news,
I'm
happy
to
hear
that
things
are
underway
to
get
legal
review
on
the
set
of
the
markup,
the
very
cereal
markup.
That's
already
been
done,
it
sounds
like
we
have.
The
ability
to
add
in
if
Maui
and
or
Carl
will
send
Nikki
a
summary
of
the
additional
information
that
we
want
to
monitor,
we're
calling
it
trigger
points.
C
But
in
fact,
as
Karen
pointed
out,
it
isn't
necessarily
something
that
would
be
at
the
threshold.
That
would
create
a
moratorium,
or
you
know
something
like
that.
Really
is
monitoring
information
I'm
in
support
personally
of
adding
the
missed
payments,
late
payments
and
refinance
I
think
all
three
make
sense.
C
We
have
three
legal
teams
that
are
that
are
available
to
us
with
City
legal
County,
Legal
and
the
self-help
legal
happy
to
send
it
through
all
of
those
for
input
and,
ultimately,
I
I
think
I
land
where
Karen
is
we
take
their.
We
take
their
advising
guidance
and
then
use
that
to
decide
what
to
update,
and
my
hope
is
that
we
can
get
that
document
updated
sooner
rather
than
later.
C
D
C
Procedural
pieces
of
our
work.
A
A
Do
the
last
round
of
proposals
or
edits,
while
the
attorneys
are
sort
of
already
looking
at
it
and
then
kind
of
just
finalize
it
and
sort
of
move
on,
and
so
with
that
said,
and
you
you
mentioned
the
three
pieces
of
information
that
would
be
helpful,
so
late
payments
missed
payments
and
refinance,
and
so
I
just
wanted
to
give
another
just
quick
opportunity
for
anyone
to
propose
any
other
indicators.
A
That
would
be
helpful
for
us
to
know
as
a
committee
that
might
shape
our
decision,
making
going
forward
with
new
loans
may
not
shut
down
the
whole
fund.
But
what,
if
there's
any
other
piece
of
information
that
would
be?
You
know,
indicators
that
would
be
helpful
that
we
may
have
missed.
That's
not
one
of
those
three.
A
D
No
I
think
that's
what
we
sort
of
thought
were
the
really
the
only
information
that
anyone
would
get
and
if
that
could
just
be
passed
along
to
the
committee,
do
you
need
me
to
do
anything
else,
Nikki
to
articulate
that
again
to
you
in
an
email
or
what's
the
next
step
for
us.
E
I
think
that'd
be
super
helpful.
For
me,
I
was
just
seeing
what
my
last
correspondence
was
with
our
attorney
and
and
hoping
to
follow
up
there,
so
that
we
can
understand
our
timeline.
So
any
anything
that
I
can
take
forward
will
will
help
me
out
so
yeah.
If,
if
you're
crafted
that'd
be
great,
we'll.
A
Perfect
and
just
to
Nikki
I
appreciate
you
taking
the
ball
and
running
with
it
with
your
legal
I,
know,
you're
still
waiting
for
updates
on
timeline,
but
again
just
to
be
crystal
clear
for
us
kind
of
expectations
going
into
the
next
meeting.
A
Perfect
and
thank
you
Carl
for
being
willing
to
put
together
that
the
few
quick
blurbs
there
to
send
to
you
Nikki
love.
It
we're
doing
teamwork
here
awesome.
So
if
there
are
no
other
comments
or
thoughts
on
the
trigger
point,
discussion
or
general
proposals
to
that
rules
and
procedures
document,
then
we
can
move
on
to
new
business.
B
A
Sounds
like
we're
ready
to
move
on
I,
don't
believe
we
have
Hunter
on
the
call
yet
either
so
I
Tim
I
will
defer
to
you.
If
you
don't
mind
to
just
give
us
like
a
really
quick
overview
of
the
process
for
Hunter
joining,
he
and
I
haven't
had
a
chance
to
touch
base
to
formally
on
board.
But
if
you
want
to
just
briefly
introduce
him
to
the
committee
and
then
next
time,
when
he's
actually
on
the
call,
we
can
have
him
also
introduce
himself
as
well.
F
So
Hunter
Guzman
has
been
in
the
community
for
a
long
time.
Many
of
you
probably
know
him
through
his
work
with
ERC
broadband,
which
is
a
local
internet
middle
mile
provider.
They
don't
provide
direct
service,
but
many
of
our
public
entities
like
the
city
and
the
county
leverage
their
fiber
to
provide
internet
access
to
their
facilities.
F
Hunter
was
one
of
two
applicants
for
the
County's
position
was
appointed
by
the
board
of
commission
I
believe
at
a
September
meeting.
Our
second
meeting
in
September
I
can
confirm
that,
but
looking
forward
to
bringing
him
onto
the
team
and
I
think
could
be
a
good
addition.
A
D
A
Your
work
there
helping
to
move
that
along
I'm,
just
looking
at
our
minutes
too
from
last
time
to
make
sure
we
don't
have
any
other
loose
ends
to
tie
up.
Let's
see,
trigger
Queens
legal,
okay,
yep
I
think
we're
good.
So
at
this
time
we
will
move
on
to
the
Q3
report
from
Mount.
This
works
and
I
will
stop
sharing
my
screen,
and
you
ask
me
if
you
would
like
to
share
yours
with
the
report.
We
can
kind
of
just
talk
through
and
digest
the
numbers
together.
I
Sure
thing
I
am
having
some
trouble
with
Google
meet
and
sharing
so
I
may
not
be
able
to
share
the
report
Maui.
Could
you
share
that
yeah.
A
I
Perfect
all
right:
okay,
well,
total
new
loans.
In
quarter
three,
we
did
10
of
those.
The
total
loan
count
was
up
to
34.
total
dollars,
lent
is
1.5
million.
I
The
total
guarantee
use
origination
was
seven
seven
hundred
thousand
seven
hundred
and
four
the
outstanding
loan
balance
is
around
1.4.
So
you
can
see
between
that
the
original
balance
of
the
the
total
dollars
lent
and
the
outstanding
loan
balance.
As
of
quarter
three-
and
let's
see
here
so
we
still
have
the
same
two
delinquent
loans.
They
have
not
been
charged
off
yet
so
we
have
not
had
any
late
payments
on
any
of
these
loans.
I
No
other
delinquent
balances,
aside
from
the
two
previous
loans
that
we've
discussed
no
charge
up
this
quarter
yet
and
one
the
paid
off
loan
was
aob,
finance
and
I
believe
that
success
story
was
shared
a
few
months
ago
with
the
committee.
I
The
reason
why
it
is
we're
tracking
as
a
payoff.
We
did
do
a
refinance.
However,
again
it
was
in
the
best
interest
of
the
client
and
allowed
them
to
allowed
us
to
bump
up
the
the
amount
in
order
to
increase
Revenue.
I
So
that's
just
for
tracking
purposes.
We
went
ahead
and
and
noted
that
there
33
of
the
loans
have
been
to
black
and
brown
owned
businesses,
which
is
97
percent.
Four,
have
been
Latino
owned,
businesses
and
13
to
women-owned
businesses.
A
Thank
you,
gasoline
I
I
did
have
a
quick
point
of
clarification
there.
Just
so
I
can
understand
fully
up
here
in
this
first
section.
Excuse
me
where
it
says:
total
guarantee
use
that
origination
is
704,
000
and
then
outstanding
standing
guarantee
is
654
000.
So
that's
since
loans,
some
loans
have
been
being
paid
down.
So
my
question
is:
does
that
mean
that
out
of
the
2.5
million
dollar
lending
amount
here?
What
essentially,
our
committee
has
left
to
work
with
currently
is
just
under
1.9
million?
I
The
the
maximum
blending
the
amount
is
2.5
yeah,
you're
right.
We
do
have
right
on
1.9
or
so
of
available,
guaranteeing
any
balance
that
it's
paid
off
and
any
loan
goes
right
back
into
the
pool
as
well.
A
Mm-Hmm
got
it
that
makes
sense.
Yep
just
wanted
to
clarify
that
we've
got
some
questions.
Tim
I
think
you
were
first
Tim.
F
Yep
yep,
thank
you
Maui
and
yes,
as
always.
Thank
you
for
preparing
this
information.
I
would
like
to
ask
that
we
confirm
the
maximum
lending
amount.
Number
I'm
just
doing
rough
math
and
I
I
could
be
wrong
doing
math
in
public,
but
it
looks
like
that.
2.5
number
is
the
Dogwood
plus
the
county
plus
the
city.
F
F
I
got
two
items,
I'm
sorry
to
keep
going
here,
but
have
we
has
self-help
received
Karen
that
2.5
million
dollars
like?
Is
it?
Do
we
have
it
in
the
the
accounts
so
that
we
actually
do
have
the
guarantee
funds
secured
or
is
there
I
know?
For
instance,
I
believe
the
city
is
still
still
working
through
their
agreements.
I
just
want
to
make
sure
that
we're
we're
not
over
guaranteeing,
if
you
will,
without
the
funds
in
Hampton.
J
So
the
new
city
and
county
funds
are
actually
going
to
Mountain.
Biz
works,
hear
a
call,
so
I
I,
don't
know
where
those
are
in
the
agreements.
I
just
want
one
I
will
say
it
looks
just
on
that
same
line.
The
maximum
lending
amount,
I
would
think
would
be
a
little
bit
higher
by
15,
because
right,
the
guarantee
is
85
of
the
loans.
But
in
terms
of
your
main
question,
those
are
agreements
with
mountain
Biz
works
that
money's
going
to
them
not
coming
in
to
so
we're
not
a
part
of
those
conversations.
F
Bank
account
and
yasleen
or
Kelly.
If
we
could,
you
know
tag
that
if
we
want
to
do
a
follow-up
to
this
call,
that
would
be
great
I
just
want
to
I.
Think
the
spirit
of
this,
like
we
all
know
the
direction
we're
moving
in
I
just
want
to
make
sure
that
we've,
you
know,
truly
finalized
the
transactions
so
that
we
are
able
to
follow
up
on
what
we
said.
We
were
able
to
do
so.
I
Yeah
sure
thing
I'll
get
Matt
to
confirm
as
well.
Thank.
F
A
Thank
you,
Tim
Rachel,.
H
I
say
thank
you.
I
I
just
wanted
to
make
sure
that
this
document
was
available
because
Dee
and
I
are
also
part
of
the
I'm
going
to
turn
my
camera
off,
because
I
think
I'm
having
issues
but
Dee
and
I
are
also
part
of
the
economic
development.
Working
group
of
the
reparations
commission
and
they've
been
very
interested
in
city
and
county
data
related
to
how
black
businesses
are
accessing
resources
or
not,
and
I
just
wanted
to
make
sure
that
this
document
was
available.
H
So
I
could
share
it
with
the
the
working
group
of
the
commission,
but
I
found
it
with
our
with
our
publicly
posted
documents
for
this
meeting.
So
I
answered
my
own
question,
but
I
just
want
to
appreciate
mountainous
works
for
putting
this
report
together,
so
that
I
can
share
it
out.
A
Mm-Hmm,
thank
you
Tara
and
real
quick.
Just
to
add
to
that
comment
of
you
know
having
this.
These
statistics
and
data
points
available
to
the
public
I'm
in
the
process
of
working
with
someone
to
sort
of
get
a
general
annual
report
published
and
and
or
just
you
know,
out
there
for
Access
and
I
mean
I'm
not
going
to
share
this
whole
report,
but
I
was
pleased
to
see
essentially
the
impact
that
nccf
is
making.
A
A
So
with
that
said,
let's
move
to
Rachel
I
think
you
are
next.
C
Thank
you,
I
was
considering
trying
to
summarize
the
structure
of
the
county
funds
that
are
going
to
mccf
and
the
meth
the
method
or
mechanism
that
mounted
bizworks
is
using.
However,
it
is
complex
and
I
would
rather
have
Mountain
Biz
Works,
explain
it
and
I'm
wondering
if
we
could
invite
mattraker
to
come
to
a
future
meeting
and
just
talk
that
structure
through
with
the
group,
so
that
we've
all
heard
it
and
have
a
chance
to
fully
understand
it
and
ask
questions
so
that
is
to
also
include
Buncombe.
C
County's
funds
are
fully
executed
so
that
that
contract
is
active
and
available
for
again
guarantee.
A
Got
it
yaslin,
do
you
think
that's
something
that
Matt
would
be
willing
and
available
to
do,
possibly
in
our
next
meeting
I.
I
Can
certainly
bring
it
up
to
him
and
see
if
he's
available,
my
general
understanding
of
it
I
know
it's
very
complex
process
that
that
kind
of
happen
there
but
I
believe
the
general
understanding
was.
You
know,
because
the
the
arpa
funds
could
not
be
sent
over
to
a
essentially
committee
we
had
to.
They
were
sent
to
mental
Miss
works
and
the
amount
to
mistress
would
then
send
it
and
send
the
guaranteed
percentage
to
self-help.
I
However,
last
I
can't
yeah.
We
need
we
definitely
get
an
update,
but
we
had
not
received
the
funds
as
of
I
believe
a
few
months
ago,
so
I
just
yeah.
We
can
bring
that
in
for
sure.
C
Too,
it
essentially
has
to
do
with
the
fact
that
these
federal
funds-
yes,
we
spent
within
a
time
frame,
yeah,
and
so
we
are,
we
have
we've,
come
up
with
a
structure
that
the
funds
can
be
spent
and
an
equal
amount
can
be
deposited
for
guarantee
that
way.
The
actual
federal
dollars
aren't
just
sitting
as
a
just
in
case
and
serving
as
guarantee,
but
the
exact
mechanism
for
doing
that.
I'd
prefer
that
bizworks
explain
it.
C
A
E
Sure
I
was
this
is
great
information,
and
so
I
was
just
curious.
When
we
talk
about
the
Inception
of
the
fund,
do
we
have
a
working
date
for
that?
I
just
want
to
get
it
in
my
head,
so
34
loans,
since
what
was
our
first
initiation
date.
E
A
So
yeah
three
years-
that's
that's
awesome.
I
did
have
one
more
question
too,
but
I
see
Tara
has
her
hand
raised
so
Tara.
You
can
go
next.
H
Thank
thank
you.
So
much
I
also
wanted
to
make
sure
that
I'm
able
to
explain
and
others
are
able
to
explain
sort
of
how
different
programs
work
in
conjunction,
so
I
just
wanted
to
check
my
understanding
that
the
bulk
of
these
loans
are
also
participants
in
the
Catalyst
program
or
loans
made
through
the
Catalyst
program
and
yaslin
I.
Don't
know
if
you
have
the
exact
data
on
that,
but
if
you
could
share
kind
of
your
understanding
of
the
interplay
between
Catalyst
and
mccf,
just
so
I
can
make
sure
I'm
reporting
it
correctly.
I
I,
don't
have
that
specific
data
on
hand
as
of
now,
but
our
Catalyst
program
began
on
last
year
and
yeah
I
mean
I
can
get
those
numbers
to
you.
A
Thank
you,
Kathleen.
Thank
you
for
your
question
Tara.
So
my
question
or
another
point
of
clarification,
just
kind
of
again,
like
Tim,
said,
do
your
math
here
behind
the
scenes.
So
there's
this
amount
right
here,
this
55
percent.
A
It
talks
about
percentage
of
loan
funds
utilized.
So
this
word
here
utilized,
but
as
far
as
I
understand
it
again,
I
could
be
understanding
wrong.
This
outstanding
guarantee
is
really
the
mccf
portion
or
essentially,
what
we're
going
on
the
hook
for
and
out
of
the
25
or
2.5
million
dollars.
A
I
believe
that
would
be
much
lower
than
the
55
utilized,
because
I
did
the
math
and
it
was
it
looks
like
it
was
that
1.4
million
of
the
outstanding
loan
balance
divided
by
this
2.5
million,
that
we
got
to
that
55
and
the
reason
why
I
want
to
bring
that
up
is
just
to
clarify
that
if
that
is,
if
how
we're
defined
this
this
utilization.
Here,
going
back
to
my
previous
question,
we
basically
have
used
a
lot
less
of
the
fund
than
this
55
and
essentially
have
a
lot
more
room
to
guarantee
loans.
I
So
it
took
the
percentage
of
loans.
Utilized
is
off
of
the
outstanding
loan
balance
and
I
believe
this
has
changed
a
little
bit,
but
due
to
the
preview
we've,
we
received
the
first
challenge
of
money.
When
the
fund
started,
we
had
a
maximum
lending
amount
of
530
000,
so
the
reason
why
it's
is
taking
it
off
of
the
outstanding
loan
balance
is
because
we
had
a
cap
at
that
time.
I
So
that
is
different
now
we
can
certainly
switch
it
to
take
the
percentage
of
the
outstanding
guarantee
and
not
the
outstanding
loan
balance.
Does
that
make
sense.
I
If
you
look
on
the
side
on
the
notes,
it
does
say
it's
the
percentage
taken
off
the
outstanding
balance
so
that
that
that's
why
it
was
it
was
off
the
1.4
instead
of
the
six
654.
A
I
Yeah
I
mean
if
our
maximum
lending
amount
is
2
is
2.5,
because
that's
the
amount
that
we
have
in
the
fund,
but
yeah
I
mean
we
could
I'm
sure
we
can
also
add
a
line
in
there
of
the
percentage
of
the
actual
guarantee
amount.
Yeah.
A
Would
it
be
helpful
for
the
rest
of
the
committee
if
we
had
that
because
again,
due
to
my
calculations,
I
did
just
now
it
looks
like
our
guarantee
is
only
25
26
of
that
2.5
million
dollars,
and
so
for
us
to
know,
hey
guys,
we,
you
know,
we've
been
doing
good
work,
but
we
we
still
have
75
left
of
this
loan
pool
to
use
out
as
guarantees
and
I.
Think
that
would
be
helpful
for
me.
I,
don't
know
it
would
be
helpful
for
others
Tim.
You
had
your
hand
up.
F
Yes,
concurring
with
Maui
I
think
great
suggestion.
F
I
would
also
like
that
to
me
this
kind
of
circling
back
like
this
is
kind
of
what
an
item
I
think
Karen
was
talking
about
earlier,
like
this
type
of
edit,
like
I,
don't
think
is
this
is
within
our
span
of
control,
and
so
we
should
just
make
those
edits.
I,
don't
think,
there's
a
need.
You
know,
for
instance,
to
have
like
a
legal
review
of
that
type
of
change,
but
I'm
open
to
to
hear
in
that
discussion.
F
The
other
item
I
would
like
to
add
that
Karen
said,
and
it
might
was
subtle,
but
that
maximum
lending
amount
is
the
total
funds
received
from
Dogwood
City
County
over
the
life
plus
15,
because
the
guarantee
is
an
85
guarantee
and
we
can
work
through
those
numbers,
so
that
I
just
say
that
to
say
that
the
number
should
be
higher.
A
Which
then,
would
bring
that
25
even
lower,
because
if
that
number
and
that's
654
000,
that
is
the
outstanding
guarantee
that
essentially
okay,
we're
on
the
hook
for
if,
for
some
drastic
reason,
everybody
were
to
default
and
we're
on
the
hook
for
paying
out
that
100
654
000.
Currently,
it
was
still
a
very
low
percentage
of
the
overall
fund.
A
Sounds
to
me
like
a
great
pivot
towards
that,
creating
the
buzz
and
the
the
marketing
and
the
getting
the
word
out
once
we're
like
done
with
in
the
weeds
with
this
document
that
Karen
has
so
patiently
helped
us
with
for
the
past
few
months,
so
I'm
really
looking
forward
to
that
also
does
anyone
else
have
any
questions
or
thoughts
or
suggestions
on
this
wonderful
report
that
yaslin
has
put
together
for
us.
A
No
so,
hopefully
Rachel
you've
kind
of
taken
some
notes
on
these
suggestions
that
we
made
and
Rachel
will
send
out
those
draft
minutes
and
that'll
be
helpful.
Yasmine
too,
if
you
reference
that
at
the
minutes
to
kind
of
see
the
items
that
we
would
like
to
incorporate
for
next
quarter's
report,
yep.
C
C
Yes,
we
will
invite
Matt
Ricker
to
attend
a
future
mccf
meeting
to
explain
the
mechanism
being
used
for
the
federal
American
Rescue
plan
act,
funds
and
then
also
yes,
we
will
share
information
with
the
operating
committee
about
the
extent
of
the
connection,
slash
overlap
between
Catalyst
program
and
mccf.
C
A
So
with
that
said,
I'm
gonna,
actually
I'm
sharing
windows,
so
I
think
I
can
just
toggle
back
over
to
our
agenda
perfect.
So
that
was
the
Q3
report.
A
F
Sorry
to
be
talking
so
much
y'all
and
I
do
not
have
a
loan
proposal,
but
I
do
have
a
proposal
related
to
loans
and
would
love
some
feedback
from
the
group,
in
particular
gasoline
and
others
I
think,
given
the
nature
of
the
amount
of
funds
we're
dealing
with,
and
these
are
public
funds,
I'd
like
to
talk
about
a
process
where
loans
are
shared
with
this
group
on
some
type
of
regular
schedule
in
advance
of
this
meeting,
I,
don't
know
what
the
right
timing
is
on
that,
but
I
do
think.
F
F
A
B
And
I'll
just
mention
as
the
person
responsible
for
getting
the
materials
posted,
we've
been
really
good
about
getting
the
agenda
and
what
we've
had,
what
we
have
on
hand
posted
72
hours
in
advance,
which
is
what's
required.
We've
had
some
updated
materials
that
get
submitted,
but
at
a
minimum
72
hours
would
be
preferable
for
everything
more
though
I
think
gives
us
time
to
really
contemplate
it,
and
you
know
just
just
have
some
have
some
time
to
sit
with
the
documents
and
really
formulate
those
questions.
A
Thank
you.
So
that
would
be
it's
it's
typically
by
like
end
of
day,
Monday
right
that
you
and
I
have
been
working
with
to
get
the
documents.
That's
correct,
got
it
we'll
go
to
D,
and
then
we
can
Circle
back
to
kind
of
as
a
group
collectively
weighing
in
on
that
D
thoughts
or
comments.
Yeah.
G
Thank
you
and
I
concur
with
Tim.
When
we
first
started
out,
you
have
to
understand,
there
was
a
different
dynamic.
We
were
thought
to
be
more
of
a
rubber
stamp
than
in
the
process
that
take
took
into
accountability
that
the
initial
funds
that
were
used
were
taxpayers
money.
G
They
were
public
funds,
and
so
it
was
sort
of
said
to
allow
the
lenders
to
pretty
much
have
free
reign
over
whatever
was
going
on,
and
that's
so
that's
how
this
process,
where
we
were
had
short
notification
and
pretty
much
limited
input
and
we're
pretty
much
expected
to
act
and
I,
don't
want
to
call
it
a
rubber
stamp,
but
pretty
much.
That
was
it
and
with
the
lenders
being
the
primary
source
of
making
the
decision.
G
In
fact,
I
think
it
was
a
outright
discuss
that
they
had
that
purview
and
then
I'm
glad.
Somebody
besides
me
Tim
thank
you
for
bringing
that
up,
I'm
trying
to
be
more
laid
back
and
more
out
of
process.
If
you
will,
because
sometimes
things
don't
come
out
exactly
right
out
of
my
mouth
or
it's
perceived
not
to
be
so
I
concur
with
you.
G
It
comes
down
to
accountability
and
the
fact
that
we
are
dealing
with
taxpayer-funded
monies
here,
and
so
it's
a
process
that
does
need
to
be
vetted
as
with
any
lending
or
credit
committee
that
I've
ever
been
on.
If
they
don't
have
the
capacity
to
ask
about
of
who's
borrowing
and
material
questions,
then
you
are
no
more
than
a
rubber
stamp
thanks.
A
lot.
A
Thank
you,
Dean
I,
appreciate
that
and
thanks
again
Tim
for
bringing
that
back
up
so
going
back
to
the
timeline
discussion
since
so
what's
been
happening,
is
you
know
we'll
get
the
basic
documents
of
the
meetings,
so
the
agenda
and
the
meeting
minutes
from
the
previous
meeting
at
the
very
least
those
will
be
submitted
and
posted
by
the
end
of
day
Monday,
but
we've
had
some
documents
kind
of
trickle
in,
for
example,
when
we
had
our
special
meeting
I
think
there
were
some
updates
to
that
loan
proposal,
so
that
document
kind
of
came
in
you
know
in
the
last
day
or
so
before,
our
special
meeting
and
so
again
to
your
point
Tim
that
businesses
flew
in
and
sometimes
we
get
some
pretty
urgent
requests
for
loan
funds.
A
Yaslin.
Do
you
think
it's
realistic
and
doable
to
maybe
request
the
loan
proposals,
maybe
even
like
the
Friday
before
our
meeting?
So
if
you
had
a
presentation
for
today,
we
would
have
gotten
that
document
last
Friday
so
that
we
can
then
get
it
to
Frank
and
his
team
to
post
it
on
Monday
and
then
also.
The
committee
will
have
essentially
the
work
week
to
look
through
and
digest
that
loan
proposal.
A
Yeah
and
knowing
that
there
may
be
extenuous
extenuating
circumstances
where
we
may
need
to
add
something
sort
of
in
that
last
week,
because
it
would
be
too
long
to
wait
until
the
next
window.
You
know
the
next
month
when
we
meet,
but
in
general,
if
we
can
kind
of
aim
for
that
Friday
to
have
the
loan
request
document.
That
would
be
helpful
and
Tim
just
said.
Thank
you,
yasleen,
that's
awesome
and
I
did
want
to
ask.
A
Also
just
do
a
quick
query
from
the
group
in
general,
we've
got
me
submitting
those
meeting
items
to
Frank
and
his
team
to
post
and
then
I
then
send
a
separate
email
to
the
committee
and
I
haven't
been
on
top
of
getting
that
email
sent
essentially
as
soon
as
I
submit
to
Frank,
but
I
wanted
to
propose
and
also
ask
Frank.
Is
there
a
way
to
notify
the
group
when
you
post
those
meeting
materials
or
if
you
know
if
it's
not
too
much
work,
so
that
essentially
I
wouldn't
be
doing
double
work?
B
As
soon
as
those
materials
get
posted-
and
we
have
folks
that
are
that-
do
our
website
work
because
well
I,
don't
think
I
could
be
trusted
with
working
on
our
website,
but
as
soon
as
those
get
posted
they,
let
me
know,
and
I
will
be
happy
to
share
with
this
committee
what
materials
were
posted
and
reference
the
site
I
can
handle
that.
Now
it's
not
a
problem.
A
Okay,
thank
you.
Much
appreciated
I
just
figured
since
you
know
it's
essentially
duplicating
I
literally
copy.
The
same
email
changed.
Some
of
the
words
you
know
send
it
to
the
committee,
so
we.
A
Be
wonderful,
thank
you.
So
if
there
are
no
more
comments
on
the
new
loan
process
and
preferences,
we
can
move
on
to
public
comment
during
this
time.
Oh
I
think
D.
You
have
your
hand
up.
A
A
Okay,
so
I
think
we
got
through
our
all
our
agenda
items
for
today.
Everyone
I
appreciate
your
help
and
your
attendance
here
and
just
all
your
input
as
usual.
This
is
definitely
a
joint
Collective
effort,
so
I
hope
that
you
all
have
a
great
Thanksgiving,
I'm
sure
we'll
collaborate
over
the
month
with
some
of
these
ongoing
task
force
items
and
so
just
be
on
the
lookout
for
communications,
but
other
than
that.
I
will
see
you
all
in
December.