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From YouTube: Mountain Community Capital Fund - Operating Committee
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A
C
Hello
everybody
good
morning:
this
is
the
september
mccf
meeting.
We
were
just
looking
at
the
list
of
attendees
so
far.
I
think
we
are
still
missing
a
few
committee
members.
So
let's
do
a
quick
stop
it's
about
that.
Let's
do
a
quick
roll
call
we'll
go
around
and
see
if
that'll
give
a
few
more
minutes
for
other
folks
to
show
up
and
then
we'll
take
a
you
know,
we'll
look
and
see
if
we
have
enough
folks
for
quorum
at
that
point.
So
does
that
sound
good
with
everyone?
C
So
I'll
just
go
around
my
screen,
karen,
you
are
the
first
one
up
in
the
upper
left
get
to
start
us
off
this
morning.
F
Good
morning,
I'm
reginald
jones
with
carolina
small
business
development
fund,
non-voted
number.
C
C
Thank
you.
Let's
see
kelly.
H
Good
morning,
I'm
from
mountain
bizworks
and
non-voting
member.
C
Perfect
and
jasoline.
H
Good
morning,
austin
gonzalez,
I
am
a
lender
with
mountain
districts
and
I'm
a
non-voting
member.
C
Thank
you,
there's
someone
called
tana
or
tana,
I'm
not
sure
donna.
If
you
are
with
the
city
or
if
you
are
another
member
joining
us
today,.
B
Hi
yeah
I
work
for
the
city
of
asheville
up
in
ced,
I'm
running
the
meeting
for
francia,
who
is
currently
out
sick,
so.
C
Okay,
okay,
perfect!
Thank
you.
Thank
you
for
clarifying
that
and
thank
you
for
stepping
in
to
run
the
meeting
for
us
very
helpful.
All
right.
I
am
the
last
one
I
believe
my
name
is
maui
vang,
I'm
the
chair
of
mccf
county
appointee
and
I
am
a
voting
member,
perfect
timing.
I
see
that
tim
has
joined
us
so
I'll
give
him
a
couple
minutes.
Hi
tim
good
to
see
you
this
morning
we
were
just
finishing
up
the
roll
call.
C
So
do
you
want
to
tell
us
real
quick,
your
name
and
who
you
are
and
whether
you
are
a
voting
member.
C
So,
let's
give
yeah
yes
reginald!
If,
if
you
want,
you
can
share
us
with
us
a
little
bit
of
the
updates
and
again
we'll
just
see
if
any
of
the
other
folks
join
us.
F
Absolutely
good
morning
again,
everyone,
I
am
reginald
jones,
I'm
the
business
solutions
director
with
carolina
small
business
development
fund.
We
are
a
member
of
the
fund,
but
we
have
not
been
active.
Although
we're
a
statewide
lender,
we,
it
has
been
a
challenge
overall
in
finding
good
quality.
Folks
who
work
in
the
various
communities.
Buncombe
county
is
one
of
the
communities
that
we
definitely
want
to
support.
But
the
challenge
has
been
is
the
fact
that
we
don't
have
anyone
that
we
haven't
had
anyone
on
the
ground
in
the
community?
F
I
think
the
the
the
type
of
community
that
buncombe
county
is
there
are
definitely
benefits
of
having
someone
within
the
community
that
can
fully
support
small
businesses.
So
with
that
being
said,
we
work
in
with
the
western
women's
business
center
out
of
asheville
and
we
have
been
working.
They
are
a
program
of
carolina,
small
business
development
fund
and
we
have
recently
been
able
to
identify
someone
who
is
going
to
be
coming
on
with
us
within
the
next
month
or
so.
F
Her
name
has
been
vinaya
ramos
and
she
will
be
joining
us
in
being
able
to
be
those
boots
on
the
ground
within
the
community,
working
with
the
the
small
businesses
and
with
the
technical
assistance
ecosystem
in
you
know
supporting
our
entrepreneurs
there.
So
we're
excited
about
that.
F
We
definitely
want
to
bring
her
into
the
fold
and
get
her
acclimated
with
this
fantastic
program.
C
That
is
awesome
news.
Thank
you
so
much
reginald
for
sharing
and,
as
I
mentioned
the
other
day,
that's
great
news
for
us.
We've
been
we've
had
the
pleasure
of
working
closely
with
mountain
biz
works,
you
know
one
of
our
lenders
and
you
know
it's
always
good
to
have
more
books
at
the
party.
You
know
I.
I
was
mentioning
to
reginald
that
the
more
exposure
and
variety
of
lending
partners
and
loans
that
we
get
the
more
data
points
for
us
and
probably
will
help
us
to
run
a
more
efficient
and
impactful
funds.
C
So
I'm
I'm
really
excited
I'm
looking
forward
to
meeting
meeting
vanaya
and
if
we
can
help
and
support
her
during
this
transition
in
any
way,
just
let
us
know
awesome.
Thank
you.
So
we'll
move
along
to
our
agenda
items
real
quick.
I
believe
we
are
missing
d
and
nikki.
C
C
Let's
see
yeah
so
with
that
said,
we
could
still,
you
know,
proceed
and
meet
and
discuss
the
items
that
are
on
our
agenda
today,
but
obviously
we
won't
be
able
to
take
any
votes
or
take
action
and,
depending
on
how
conversations
go,
we
could
schedule
another
special
meeting
for
later
in
the
month
when
more
folks
can
be
present
or
we
can
just
delay
voting
on
matters
to
the
next
month's
meeting.
A
My
I
guess
my
preference
would
be
to
just
take
action
at
the
next
meeting
versus
scheduling
a
special
meeting,
but
that
I'm
just
speaking
for
myself,
obviously.
C
Yeah,
it's
it's
fine
frank.
We
are
wanting
to
be
time
efficient,
so
that
that
makes
a
lot
of
sense
busy
season
for
all
of
us
too,
I'm
sure
so
that
that
sounds
good
and
well.
I'm
sure
we'll
have
some
discussion
around
the
edits
that
karen
has
to
share
for
us
today
as
well.
So
that'll
take
us
some
time
and
you
know
we
if
we
need
to
end
the
meeting
early,
that's
always
an
option.
C
C
C
D
Okay,
great,
I
will
definitely
do
that.
Let
me
before
I
start
just
to
sort
of
set
the
frame
for
this
a
bit,
so
we,
it
was
tim
d,
nikki
maui
and
I
met
a
couple
two
different
groups
just
to
go
through
the
operating
committee
guidelines
or
or
they.
I
can't
remember
exactly
what
it's
called,
but
I
have
that
up
so.
B
D
To
to
see
if
it
stole
my
sense
to
do
some
updates
and
really
to
raise
questions,
so
what
we
did
was
not
necessarily
make
decisions
about
how
things
should
be
changed,
but
we
did
raise
issues
about
what
we
thought
the
operating
committee
might
want
to
discuss
and
so
having
this
discussion
now
was
great,
because
I
don't
know
that
we
would
have
voted
in
this
meeting
anyway.
There's
some
things.
We
want
to
get
language
from
the
city
and
county
and
reflect
some
of
what
they
do.
D
So
I'm
going
to
share
my
screen,
I'm
going
to
pull
up
the
document
first.
This
was
also
sent
out
in
all
of
the
meeting
minutes.
So
if
you,
if
you
want
to,
I
mean
in
the
email
that
now
I
sent
out
so
if
you
want
to
go
ahead
and
pull
that
up
yourself,
you're
welcome
to
and
I'll
try
to
give
where
we
are
in
the
document.
If
you
want
to
do
that
yourself,
okay,
so
I'm
going
to
try
to.
D
B
D
Okay,
so
this
is
the
again
the
operating
committee
rules
of
procedure
and
it's
really
what
god's
operating
committee
so
feel
free.
If
you
go
through
and
I'm
not
touching
on
a
section
that
you've
read
and
you
have
a
question
about,
let
me
know
we
can
always
raise
it.
The
other
thing
I
would
ask
actually
is
if
someone
could
take
minutes
or
notes.
C
I
So
before
we
jump
in
I'm
glad
to
take
minutes,
but
it
might
make
sense
if
someone
made
direct
comments
in
the
documents
as
well
just
so
we
does
that
make
sense
that
way.
We
can
kind
of
see
where
the
comments
are.
If
there
are
any.
D
D
Okay,
so
in
the
preamble,
what
we've
really
done
is
as
you'll
see
initially
there
was
this
very
specific
amount
about
funds
that
we've
gotten
and,
as
you
know,
we've
gotten
new
funds,
maybe
we'll
get
more
in
the
future.
It
was
really
just
taking
out
that's
those
specifics
and
just
having
it
be
as
a
fun.
So
we
don't
have
to
update
this
preamble
and
then
updating
the
actual
agreement
date
with
subsequent
amendments.
So
that's
all
we
did.
D
Going
down
the
articles
talk
about
members
and
who
and
how
who
appoints
them,
we
didn't
really
have
any
changes
there,
like
I
said
you
can
all
go
back
now
or
you'll
have
time
after
this
meeting
to
read
through
it
and
can-
and
we
can
talk
about
more
of
that
later
too.
D
The
designation
replacements
of
lender
members
just
says
that
each
institutional
organization
who
can
recommend
members
can
replace
those
members
and
how
to
do
that.
Voting
rights.
Every
member
of
the
committee,
with
exception
of
lenders,
has
a
vote.
We
didn't
have
any
changes
there.
D
So
the
first
changes
we
had
were
in
the
meetings,
so
section
2.1
as
you'll,
see
talks
about
an
annual
meeting,
and
when
we
were
all
discussing
this,
no
one
could
remember
us
actually
ever
having
an
annual
meeting,
and
so
the
thinking
was
that
maybe
we
just
really
didn't
need
an
annual
meeting.
D
The
only
thing
that
really
happens
special
in
an
annual
meeting
that
we
would
need
would
be
elections
and
there's
another
section
below
this-
that
we'll
look
at
which
talks
about
elections,
and
so
I
think
one
of
the
things
for
the
committee
to
decide
is
when
should
elections
happen?
I
will
scroll
down
to
that
now.
If
you
want
to
talk
about
that
now,
it's
in
section
3.2
is
elections,
and
we
also
changed
here
that
initially
it
said
the
annual
meeting
would
be
set
by
the
city
of
asheville.
D
We
just
again
changed
the
section
of
regular
meetings
and
said
that
they
would
be
set
by
the
chair
and
again
feel
free.
If
you
have
questions
or
comments
to
raise
them
as
we
go
through
we'll
scroll
down
to
the
election
section,
though
just
since
that's
relevant,
so
as
you'll
see
in
the
elections,
it
just
says,
officers
shall
be
elected
by
the
committee
is
in
section
3.2.
D
We
did
specify
that
the
term
will
be
for
two
years
for
each
officer
and
that
it
will
begin
on
july
1..
We
thought
that
made
better
sense
to
align
with
the
fiscal
year
for
the
city
and
county
rather
than
just
having
it
go
through
the
calendar
year,
and
so
then
it
would
run
through
june,
30th
so
july,
1
to
june
30th
dates.
D
D
C
Thanks
karen
so
there's
that
parentheses
that
says
or
from
the
date
of
election
for
the
initial
election,
so
that
kind
of
addresses.
C
C
C
So
if
we.
E
Because
one
process
that
I've
seen
is
that
when
it
everyone
is
on
the
same
calendar
year
or
at
the
same
schedule,
it
causes
sort
of
a
deficit
at
transition,
takes
time
for
people
to
roll
up
to
speed.
That
being
said,
there's
usually
a
meeting
that
precedes
that
election
period
to
discuss
candidates
or
filling
the
pipeline,
or
you
know,
who's
going
to
handle
what
going
forward.
So
I
think
that,
having
a
period
to
discuss
it
is
helpful,
but
I
don't
really
like
everybody
on
a
schedule,
so
I'm
sure
that's
no
help.
That's
my
thought.
D
Well,
one
thing
which
is
in
a
different
section
of
this
that
we
were
also
recommending
is
that
currently
the
officers
there's
just
specified
in
a
chair,
a
treasure
and
a
secretary,
and
we
were
recommending
for
the
operating
committee
to
consider
having
a
vice
chair
position,
with
the
expectation
that
that
vice
chair
would
be
the
rising
chair
in
hopes
to
help
offset.
Some
of
that.
You
know
huge
change
up
when
folks,
don't
know,
what's
happening,
to
help
with
succession
planning
a
little
more
consistency.
C
You
know
the
term
of
members
of
each
officer,
so
technically,
if
I
share
would
be
an
officer
as
well
and
to
carl's
point
if
all
the
officers
are
kind
of
cycling
through
in
tandem,
then
that
would
be
hard
with
succession
planning
and
long
just
the
continuity
of
the
folks
on
the
committee.
So
I
mean
my
vote
would
be
to
just
stay
staggered.
C
E
Raised
so
for
for
the
vice
chair,
so
how
does
that
work
in
practice?
So,
if
you're
on
a
two-year
term,
does
that
extend
your
term?
Because,
if
you're
going
to
move
into
the
chair
position
that
has
to
happen,
you
know
fairly
quickly,
so
it
again
it
sort
of
it's
the
short
term.
H
D
C
Maybe
I
should
raise
my
hands
too,
just
if
you
have
a
it's
something
you
know
feel
free
to
share
karen
I
I
can
hold
my
thoughts.
D
D
C
Would
it
also
be
something
worth
considering
like
each
officer
filling
a
certain
role
is
two
years
so
like
technically,
the
vice
chair
would
be
filling
two
roles
like
they
would
be
a
vice
chair
up
to
two
years
and
then
the
chair
up
to
two
years
and
essentially
that
person
would
be
an
officer
for
a
total
of
four
years.
C
I
don't
know,
there's
a
way
to
break
out
the
language
that
way,
but
that
may
eliminate
confusion
around
the
two
versus
one
year
terms,
just
in
case
that
that
is
the
point
of
confusion
that
the
chair
is
two
years
that
everyone
else
is
one
year.
You
know
that's
just
one
kind
of
alternative
solution
that
would
allow
more
longevity
with
that
vice
chair
then
eventually
becoming
a
chair
having
four
years
of
experience,
kind
of
providing,
maybe
more
value
with
the
length
of
time
there.
G
I'm
just
wondering
if
this
can
be
simplified
by
allowing
people
to
be
elected
for
multiple
terms
and
do
one-year
terms
except
like
karen.
I
appreciate
karen's
suggestion
of
having
the
chair
be
a
two-year
term,
but
I
wonder
if
there's
any
worry
about,
you
know
people
staying
for
too.
B
G
If
we
could,
just
you
know
it's
an
election,
so
if
someone
else
wants
to
take
over
that's
great,
if
someone's
happy
to
continue
doing
it,
could
we
just
do
that
and
have
one
year
terms
where
we
have
elections
each
year.
E
Yeah,
this
is
tough
because
you
know,
I
do
think
that
there's
you
know,
there's
the
learning
curve
and
if
you
have
a
board
comprised
predominantly
of
people
that
are
a
year
or
less
you
lose
so
much
institutional
knowledge
or
historical
perspective.
And
you
obviously
you
don't
want
to
keep
people
too
long.
But
I
would
love
to
see
people
be
able
to
be
elected
to
more
than
a
year
or
possibly
more
than
two.
C
E
For
this
very
purpose,
you
know
somebody
could
be
a
member
for
a
year
and
a
half
and
become
vice
chair
for
six
months
to
a
year
and
then
become
the
chair
for
a
year,
but
I
think
to
become
the
chair
without
that
history.
I
think
it
makes
very
difficult
to
be
effective
and
to
sort
of
keep
that
historical
learning
in
the
group.
C
I
agree,
carl
and
speaking
from
personal
experience
as
someone
who
has
newly
stepped
into
the
chair
role,
and
I
have
been
with
the
fund
for
just
about
a
year
it
you
know
there
are.
There
are
still
things
that
I'm
still
learning
now
a
year
later,
and
so
I
think
that
learning
curve
can
be.
C
I
also
do
lean
towards
a
longer
period
of
time
than
shorter,
and
I
also
think
tara
that
your
suggestion
is
would
offer
a
lot
of
flexibility,
but
there
is
one
you
know.
Qualm
that
I
have
is
that
there
may
impose
administrative
or
operational
just
kind
of
burden
on
us
having
to
do
that
those
rounds
of
elections.
You
know
every
year
just
to
kind
of
keep
the
officers
intact,
and
so
you
know
there's
pros
and
cons
to
both
approaches.
But
those
are
my
thoughts
on
the
more
frequent
elections.
D
This
is
karen,
so
I'm
wondering
if
if
we
want
to
have
a
vice
chair,
who's
the
rising
chair,
but
they
have
experience-
and
this
is
two
two
separate
comments-
I'm
gonna
start
this
one
first
is:
could
it
be
that
the
the
terms
are
for
two
years,
the
vice
chair
and
the
chair
terms
should
run
concurrently,
so
those
will
always
be
elected
in
the
same
year
such
that
the
their
the
chair
and
the
vice
chair
will
both
start
like.
If
it
was
this
year,
they
would
have
started
july.
D
D
D
That's
one
comment.
The
second
comment
that
I'm
gonna
make
is,
I
think,
also
as
we've
had
this
experience
recently
with
you.
Maui
is
people
don't
always
want
to
step
up
to
be
a
chair
and
and
there's
also
turnovers
people
leave
for
jobs,
and
so
I
think
that
built
into
this,
I
think
we
should
have
what
what
we'd
really
like
to
happen,
but
also
need
to
build
in
some
something
that
says:
here's
something
that
allows
us
to
be
a
little
bit
more
flexible
if
people
leave
and
if,
when
life
happens,.
C
And
so
when
we
do
our
elections,
it
would
just
be
for
the
other
for
the
vice
chair,
the
new
vice
chair
incoming
and
you
know,
secretary
and
treasurer,
or
you
know
the
others,
and
we
don't
ever
really
have
to
kind
of
canvas
the
group
or
the
larger
community
for
the
chair
position.
A
I
I
think
we'd
still
have
to
elect
a
chair.
It's
my
is
my
feeling
I
mean
there
might
there.
There
may
be
an
understanding
that
the
vice
chair
is
in
a
position
to
grow
into
that
chair
role,
but
you
know
things
happen.
The
vice
chair
could
move
out
of
town
and
then
we're
gonna
have
to
go
somewhere
else
to
find
an
error
parent.
A
A
You
know
you
you
move
in
that
direction,
but-
and
I'm
speaking
for
myself
of
course,
so
I
I
I
like
the
idea
of
a
concurrent
chair
and
vice
chair
term,
so
that
there
is
an
understanding
of
the
workings
of
the
committee
if
the
chair
is
absent.
A
For
some
reason,
the
vice
chair
can
step
in
and
run
the
meeting,
and
it
gives
us
a
little
consistency
there
and
just
learning
the
process,
and
I'm
saying
all
of
this
as
a
person
who,
just
as
the
liaison,
is
serving
in
the
liaison
role
briefly
now,
but
also
being
a
voting
member
I'd,
certainly
see
there's
a
learning
curve.
So
I
like
the
idea
of
concurrent
terms
for
those
two
and
the
rest
being
staggered.
C
I
think
that's.
Those
are
all
great
points,
frank,
I'm.
I
support
that
as
well
and
as
far
as
the
other
two
officers,
I
just
I
feel
like
it
would
just
be
a
little
bit
more
consistent
and
less
confusing
to
just
keep
everything
on
with
two-term.
You
know
two-year
terms,
but
then
the
other
two
be
staggered.
Like
you
mentioned,
instead
of
the
more
frequent
you
know
yearly
elections,
even
for
the
other
officer
positions,
tara,
you
have
your
hands
up.
G
Thank
you
just
a
point
of
clarification.
I'm
only
seeing
three
officers
of
the
committee
chair
vice
chair
and
secretary
in
section
3.1
is
there
another
and
then
it
says
other
officers
may
be
established,
but
is,
is
there
a
force
that
I'm
missing.
D
C
Because
self-help
is
doing
such
a
great
job
for
us
yeah,
but
during
there
would
just
be
one
it'll
just
be
the
secretary
then
that
we
would
be
looked
on
off
years.
Okay,
it's
10
a.m.
C
Karen
does
that
help
with
the
discussion
around
3.1,
and
we
can
finalize
that
when
we
have
the
rest
of
the
group
here,
but
we
keep
it
onto
your
terms
and
have
the
chairperson
and
vice
pres
vice
chair,
concurring
terms.
D
Yeah
and
that's
what
I
was
just
gonna
say,
I
think
the
next
steps
is.
We
would
take
this
and
put
together
a
draft
for
people
to
review
for
the
next
meeting,
so
yeah,
okay
yeah.
So
I'm
going
to
go
back
up
to
the
next
places,
section
2.3
the
place
of
meetings,
so
it
says
all
should
be
held
within
ashland
north
carolina
city
limits,
there's
another
section
further
down
and
I'm
trying
to
find
which
one
it
is
before
I
get
there.
D
I
think
it
is
section
well
there's
one
that
talks
about
the
how
members
can
join
by
phone.
D
A
So
I
can
speak
to
that
briefly,
and
I
I've
been
trying
to
keep
this
straight
and
I
I
misstated
something
with
maui
earlier.
A
I
thought
we
were
to
have
to
take
action
at
this
meeting
in
the
short
term
regarding
our
preference
for
remote
or
in-person
meetings,
there
is
council
action
expected
and
a
remote
remote
meeting
policy
that
they're
considering
in
the
next
month,
but
the
well-
and
we
can't
take
action
today
on
the
item
without
a
quorum
anyway,
but
in
our
october
meeting
we're
gonna
have
to
to
see
what
that
remote.
A
What
happens
with
that
remote
policy
from
council
and
then
we
will
have
some
direction
from
the
city
clerk's
office
in
terms
of
our
ability
to
decide
as
a
as
a
body
whether
we
care
to
be
cared
to
be
remote
or
in
person.
So
I
believe
we're
gonna
have
to
take
action
at
the
next
meeting.
Not
at
this
one.
Apologies
for
that
and
I
think
that
will
guide.
A
I
think
that
will
guide
the
any
modifications
to
this
section,
but
at
the
moment,
as
it
stands,
the
place
of
meetings,
I
think,
is
fine.
The
notice
of
meetings
has
to
follow
north
carolina,
open
meeting
law
and
then
in
terms
of
the
remote,
the
remote
question.
I
think,
we'll
have
better
a
better
sense
of
that
by
next
meeting.
D
Okay,
so
for
now
we're
just
going
to
hold
all
of
those
areas
and
make
changes
after
that
sure,
okay,
quorum
is
a
third
of
committee
members,
again
participation
by
telephone
falls
into
what
that
discussion
was
just
about,
and
we
will
hold
that
and
make
changes
when
we
get
updated
information.
D
The
officers
we
just
talked
about
removal
can
be
is
two-thirds
of
the
committee
vote.
We
will
add
a
section
on
the
vice
chairs
roles.
I
think
we'll
just
draft
something
and
let
people
read
it
rather
than
trying
to
come
up
with
that
now.
If
anyone
has
specific
things
about
what
they
really
think
a
vice
chair
should
do
other
than
you
know,
supporting
the
chair
and
stepping
in
when
the
chair
is
absent
and
preparing
for
the
chair
role.
D
D
Okay,
duties
and
powers:
this
is
what
the
operating
committee
is
expected
to
do,
so
it
is
governed
within
these
rules
of
procedure
and
the
allocation
of
services
and
duties
agreement.
So
that
is
the
agreement.
It
was
also
maui,
also
shared
that
when
she
sent
out
the
immediate
email
for
this
meeting,
that
is
the
agreement
that
was
signed
by
the
city
and
the
county
and
the
lenders
back
to
create
this
program.
D
So
I
definitely
recommend
you
go
ahead
and
read
that
too.
But
basically,
this
committee
is
to
form
and
appoint
members
to
the
credit
underwriting
subcommittee
to
any
other
subcommittees
that
the
committee
may
decide
it
needs
to
review
loans
that
are
closed,
links,
these
defaults
and
borrower
feedback.
The
one
comment
we
had
here
is
that
none
of
us
knew
if
the
operating
committee
had
ever
gotten
borrower
feedback.
D
D
I
mean
some
kind
of
exhibit
if
you
wanted
it
to
be,
but
just
eventually
kind
of
think
how
you
want
to
get
that
borrower
feedback,
monitor
loan
volume,
delinquency's
defaults,
the
trigger
points
so
we'll
talk
about
that
in
a
moment,
load
underneath
criteria,
capital
et
cetera,
and
we
also
put
create
and
disseminate
an
annual
report.
A
We
we
are
supposed
to
produce
an
annual
report
and
there
there
that
has
been
done.
The
last
couple
of
years.
I
mean
it's
pretty,
it's
pretty
basic.
We
provide
it
to
city
council.
B
I
I'll
chime
in
all
boards
and
commissions
at
the
county
level,
and
I'm
guessing
at
the
city
level
to
do
an
annual
report
and
it's
like
a
10
minute
briefing
presentation
for
us
typically.
So
it's
not
like
a
bound
document
by
any
means.
So
that
might
be
what
that's
referring
to.
Okay,.
C
Quick
question:
do
we
like?
Who
do
we
send
that
to?
Because
we,
you
know,
we've
next
the
annual
meeting,
because
I
would
think
those
two
things
are
kind
of
go
hand
in
hand.
But
who
is.
I
The
county
level
it's
initiated
by
our
clerk's
office
and
so
there's
an
you
know,
someone
will
contact
the
chair
or
the
liaison,
which
is
likely
me
on
the
county
side
and
then
they'll
just
schedule
it
during
one
of
the
regular
meetings
of
the
board
of
commissioners,
so
that
that's
kind
of
how
it
gets
handled
and
there's
a
standard
template.
A
A
H
C
B
D
So
trigger
points,
so
this
is
an
area
so
in
the
services
and
judy's
agreement
there
are
trigger
points
and
I'm
going
to
pull
that
up
really
quickly
again.
This
is
for
folks
to
go
and
read,
and
I'm
going
to
make
this
much
much
bigger
for
everyone.
D
D
Nope,
that's
not
it
either.
Well,
I
don't
know
where
it
went,
so
I'm
not
going
to
pull
it
up.
Actually,
I
can
go
down
here
and
show
you
so
it's
crossed
out
now
this
section
4.5
has
to
do.
No.
This
is
just
termination,
never
mind.
D
Well,
there
are
trigger
points
within
the
service
and
duties
agreement
that
have
to
do
with
trigger
points
that
will
basically
stop
the
program
from
making
any
more
loans
and
that
services
and
duties
agreement
is,
I
think,
of
it
is
like
the
policies
and
procedures
to
me.
That's
the
policies,
and
then
this
operating
committee
is
the
procedures,
and
so
we
will
follow
those.
The
committee
follows
those
trigger
agreements
for
the
moratorium,
those
trigger
points
from
the
services
and
judy's
agreements.
D
I
think
the
question
here
is:
if
are
there
other
trigger
points
that
the
operating
zone
4.2?
Are
there
other
trigger
points
that
the
operating
committee
would
like
to
put
into
place?
That
might
be
trigger
some
review
before
we
get
to
the
point
where
a
moratorium
on
the
fund
is
needed
again.
This
doesn't
need
to
be
decided
right
now,
but
you
know
if
the
moratorium,
for
example,
is
is,
as
is
that
and
I'm
making
this
up,
because
I
don't
remember
the
exact
numbers,
but
let's
say
it's
a
20
delinquency.
You
have
to
stop
making
loans.
D
Is
there
some
earlier
trigger
point?
That's
at
10
delinquency
where
the
operating
committee
decides
they
want
to
do
a
more
in-depth
review,
and
so
I
think
that's
a
question
for
something
that
you
all
should
decide
again.
It
doesn't
have
to
happen
now,
but
just
so
you
know
that's
in
here.
C
Yeah,
karen
just
real
quick,
so
it
is
this.
This
could
potentially
be
a
pretty
important.
D
Right
so
here
I
did,
I
did
find
the
document.
This
is
the
termination.
Let
me
find
the
trigger
points.
C
Is
that
in
the
section
11.02?
Is
that
the
or.
B
D
Yeah,
okay,
oh
so
yeah
you're
right,
I
did
have
the
right
one
up,
so
let
me
make
this
bigger
for
people
looking
on
the
screen,
so
this
is
and
again
this
is
really
just
talks
about
the
moratorium
so
when
it
would
need
to
stop
making
loans
when
the
phone
would
need
to
stop
and
it
was
put
in
at
if
there's
20
of
portfolio-wide
delinquencies
exceed
20
and
annual
average
credit
loss
defaults
exceed
5
of
the
principal
outstanding.
D
So
those
are
the
trigger
points
put
into
this
agreement
to
basically
stop
the
fund
from
lending
at
that
point
in
time,
and
then
it
could
be
lifted.
D
D
I'm
sorry
I'm
just
reading
this
language
again,
the
operating
committee
may
impose
the
moratorium
on
further
lending
activities,
so
it
looks
like
the
20
of
delinquencies
and
the
5
of
credit
loss.
Defaults
are
what
sort
of
set
and
then
I
think
the
question
is
just.
Are
there
other
trigger
points
that
the
operating
committee
wants?
G
Tara,
I'm
just
curious
if
we
know
when
a
loan
is
delinquent
or
if
we
only
know
you
know
when
it
goes
into
default,.
G
C
C
No
worries
so
tara's
question
was
from
the
lender's
perspective:
do
we,
as
a
committee,
get
visibility
into
when
loans
are
in
delinquency
versus
later
down
the
road
when
they're
in
default?
And
I
believe
that's
yes,
that
that
was
the
con.
You
know
that
was
the
context
around
our
recent
discussions
right
because
in
your
quarterly
report
there
is
a
line
item
for
loans
that
are
delinquent.
D
And
so
I
don't
know,
this
is
my
opinion.
I
don't
know
that
we
want
to
change
this
document
because
to
me,
if
this
is
sort
of
the
policy,
it's
setting
out
the
broadest
parameters,
sort
of
the
absolute
if
it's
20
delinquency
5
default,
there's
going
to
be
this
moratorium
to
me.
I
think
it's
more
of
a
question
of.
D
Are
there
potentially
other
triggers
that
the
operating
committee
might
want
to
do
some
deeper
review
or
sort
of
see
what's
going
on
if,
if
before
it
gets
to
this
point
or
if
there's
other
things
you
care
about
again,
I
don't
know
that
we
need
to
decide
that
now,
but
that
then,
just
raising
that
if
the
operating
committee
does
feel
like
they
want
to
change
this,
then
yes,
we
need
to
do
it
before
we
finalize
the
other
changes
to
this.
The
other
change
to
this
document.
D
Just
so
you
know
we
are
hoping
just
to
do
an
amendment
like
we
did
to
extend
the
end
date
of
this
program.
We
hope
we're
hoping
to
just
do
an
amendment
that
adds
in
the
additional
funds
that
we
got
from
dogwood,
trust
and
and
yeah.
So
we're
hoping
not
to
revisit
have
to
resign
this
whole
document,
because
that
was
a
bit
of
a
pain,
but
we
can't
and.
C
What's
the
status
that
that
amendment
has
been
completed
right.
D
We
so
we
have
a
draft
on
our
side.
Our
attorney,
who
was
looking
at
it
had
to
be
out
for
a
while,
and
though
is
now
is,
is
has
been
back,
but
I'm
trying
to
get
their
attention
to
review
it
before
we
can
share
it
with
that
before
we
share
it
out
with
the
other
signers
of
this
initial
agreement
to
get
their
feedback,
but
hopefully
that'll
be
you
know
the
next
week
or
so
I'm
hoping
I.
C
C
C
I
do
agree
on
your
carrying
your
recommendation.
I
see
it
as
like
speed
bumps
like
what
are
our
speed
bumps.
This
is
more
like
a
stop
sign.
This
is
like
hey.
This
is
our
stop
sign,
but
you
gotta,
really,
you
know
reconsider
things,
but
if,
if
we
as
a
committee-
and
this
is
part
of
our
ongoing
process,
improvement
sort
of
you
know
discussion
that
kind
of
arose
from
our
special
meeting
a
couple
weeks
ago.
C
D
Okay,
before
we
leave
this
document,
I
do
just
want
to
show
you
this
section
in
here
around
the
termination
of
the
agreement
and
the
reason
that
I'm
showing
this
to
you
with
this
abcd
is
because,
in
that
section
was
copied
into
this
operating
agreement.
Document
right
here,
section
4.5
is
word
for
word.
What's
in
the
allocation
services
and
duties
agreement,
so
we
felt
like
we
should
just
take
it
out
of
the
operating
committee
agreement
since
it's
in
the
services
and
duties
agreement.
I
E
C
Send
yeah
because
I
remember
we
had
some
sort
of
discussion
around
part
d
of
that
red
that
blocked
out
part.
That
again,
you,
like
you
said
is
in
the
other
one
is
that
d
or
no
it's.
C
Yes,
so
why
does
that
point
right
there?
Any
participating
lender
essentially
could
have
the
power
to
terminate
the
fund
is.
That's.
Is
that
also
included
in
the
this?
Let's
look
at
that
because
I
wasn't
mentioned
and
we
we
didn't.
D
No,
it
says
the
opera,
hey,
wait,
oh
wait!
No,
it
is
it's
in
c
we
could
work
on
an
amendment
to
that
within
the
services
and
duties
agreement.
Maybe,
as
part
of
the
amendment,
we
change
that
so
that
the
participating
lender.
C
D
C
D
I
think
that
is
the
legal
language
that
they
can't
protect.
It
is,
it
is
terminating
their
participation,
not
the
funds.
C
I
would
appreciate
anyone
else's
thoughts
on
that.
I
I
I
believe
you,
karen
you're,
you're
well
versed
in
this
and
you've
been
immersed
in
these
documents
way
more
than
I
do,
but
it
just
to
me
it's
just
a
slightly
odd
that
that
the
participating
lender
part
is
in
there
kind
of
rolled
up
under
termination
of
the
agreement,
which
is
article
12
right
and
then
12.02
termination
prior
to
maturity
and
just
the
fact
that
that
part
c
is
kind
of
rolled
up
under
there.
It's
just
a
little
bit.
C
D
But
what
we
can
do,
if
just
to
kind
of
move
this
along
is
we
can
get
attorneys
and
city
and
county,
can
look
at
it
too
to
make
sure
that
we're
all
in
agreement.
That's
what
it
says.
Just
you
know,
participating
leaders.
Lenders
are
signers
to
this
agreement,
which
is
why
they
need
something
specific
like
this
that
allows
them
to
terminate
their
participation
in
in
the
program
right.
D
It
would
be
exiting
from
this
agreement,
but
we
can
get
attorney
opinions
from
the
various
parties
to
make
sure
everyone's
in
agreement
on
that
and
bring
that
back
next
time.
C
A
Just
to
clarify
maui
you,
you
don't
have
an
issue
with
these
particular
terms.
It's
it's
just
where
they
reside
in
the
in
the
document.
Would
you
feel
more
comfortable
if
it
was
just
in
a
different
section.
C
I
think
so,
yes,
it
was
spelled
out
like
a
blender,
specific
kind
of
section,
even
if
it's
just
a
very
small
and
short
section
to
kind
of
it
not
be
right
here
rolled
it
up
with
the
larger
powers
of
all
these
other
entities.
I
think
that
would
be
a
little
bit
more
clear
to
me.
In
my
mind,.
D
D
So
I
think
from
that
legal
perspective,
we're
fine,
but
we'll
definitely
make
sure
that
we
get
that
and
then
can
decide
if
we
want
to.
If
we
need
to
revisit
or
rework
that
section.
I
know
time
is
running
short.
I
think
so.
I
just
wanted
to
quickly
just
highlight
section
5.1.
This
is
what
was
changed
about
the
credit
underwriting
committee
that
it
had
been
changed
before
the
august
meeting
that
the
cut
under
the
operating
committee
should
also
function
as
credit
underwriting
after
the
august
meeting.
D
I
know
that
there's
going
to
be
more
discussion
about
that,
so
we
flagged
that
as
something
that
y'all
are
going
to
be
revisiting
and
we
can
come
back
to
that
in
this
document.
I
think
that
that
was
really
it
there.
D
We
didn't
make
any
changes
for
the
rest
of
this
so,
like
I
said,
if
you
read
through
it,
and
people
have
other
questions
or
comments,
you
can
send
them
to
me
and
I'll
we'll
incorporate
those
and
and
sort
of
share
back
if
they
need
to
be
shared
back
for
another
discussion
and
I'm
going
to
stop
sharing.
C
Perfect,
thank
you
karen
for
preparing
that
and
presenting
that
and
walking
us
through.
That
was
very
helpful
yeah.
I
I
do
think
that
that
that
last
part
there
that
you
mentioned
work
more,
it's
kind
of
its
own
focused
discussion,
so
I
wonder
how
everyone
feels
about
us
revisiting
that
section
in
particular,
in
our
next
meeting
before
we
do
a
final
vote
on
approving
the
edits
for
the
rules,
rules
of
procedure.
C
This
would
be
section
5.1,
because
I
think
we
wrote
it
on
approving
the
first
paragraph,
and
that
was
mostly
specific
to
that.
Our
larger
committee
can
also
just
operate
as
the
underwriting
committee
that
we
don't
absolutely
need
to
have
two
separate
groups
for
that,
but
I
think
there
was
some
conversation
around.
Even
the
dollar
amounts
that
were
listed
under
there.
You
know
points
a
and
b
there
and
so
to
not
rehash
everything
that
we
already
walked
through
today.
C
C
Thank
you.
So,
moving
on
to
new
business,
you
already
touched
on
the
future
meeting
preferences.
It
sounds
like
we'll
be
able
to
talk
further
and
possibly
vote
in
the
next
meeting
on
yes,.
A
I
guess
yes
ma'am,
I'm
assuming
we
need
to
make
a
motion
to
amend
the
amend
the
agenda
and
remove
that
item.
So
I'm
I'm
going
to
make
that
motion.
H
C
A
I
C
That's
that's
great,
I
think,
aside
from
approval
of
minutes
and
then
now
your
your
new
motion,
I
don't,
I
don't
think
we
were
going
to
do
any
voting
on
this
last
point
on
the
agenda
anyway,
right.
C
C
Okay,
perfect
any
maze.
C
Nope
all
right
so
motion
passes
and
we
will
remove
that
from
the
agenda
and
then
I
want
to
give
our
lenders
an
option
for
new
loans.
Any
loan
requests
before
we
circle
back
just
in
the
interest
of
time.
C
So
do
we
have
any
loan
requests
gasoline
from
mountain
bike
source
today
we
do
not
no
okay
and
no
other
lenders
have
loan
requests
as
well.
C
So
let's
circle
back
then
to
the
approval
of
the
august
18th
minutes,
and
then
we
can
finish
off
with
public
comment.
So
do
we
have
a
motion
to
approve
those
minutes.
C
C
Thank
you
so
much
so
I
think
that's
all
we
have
for
today.
Thank
you
for
a
great
discussion
and
again,
karen
all
your
hard
work
and
preparation
for
that
part
of
our
meeting
today.
Is
there
anything
else
that
may
have
missed
any
other
closing
thoughts
before
we
finish
out.
C
You
know
all
right:
well,
we
are
making
good
time
here.
So
thank
you.
Everybody
again
enjoy
your
holiday
weekend.
I
look
forward
to
touching
base
again
in
a
few
weeks
and
if
there's
anything
in
the
meantime
feel
free
to
email
me,
we
will
just
be
in
touch.
So
thank
you
all
and
have
a
great
day.