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From YouTube: 2022.11.17 BLDC Annual Meeting
Description
CONTENTS
00:00 Call to Order — Annual Meeting
00:30 2021 – 2022 Audit Review
07:30 Annual Review of BLDC Mission Statement & Performance Measures
11:20 Annual Approval of BLDC Officers & Committee Membership
13:25 Adjourn Annual Meeting
13:45 Call to Order — Regular Meeting
14:30 Treasurer's Report
23:20 Resolution 22-18
24:50 Resolution 22-20
28:22 Resolution 22-22
33:00 Resolution 22-23
45:30 Executive Director's Remarks
A
B
B
This
is
the
independent
Auditor's
report.
If
you
compare
to
the
prior
year,
you'll
notice
it's
in
a
slightly
different
format
based
on
new
auditing
standards,
but
what
they
did
something
that's
pretty
helpful
for
us
all
is
now
the
opinion
is
right
at
the
top
of
the
report
and
you'll
see
in
those
first
couple
paragraphs
that
our
opinion
is
at
the
financial
statements
presented
are
materially
correct.
So
this
is
an
unmodified
opinion.
B
It's
the
highest
level
of
assurance
that
we
can
provide
to
you
and
it's
what
you're
hoping
to
see
each
year
when
you
open
this
up
moving
down
the
auditor's
report,
we
also
just
identify
the
responsibilities
of
management
versus
us,
as
your
external
Auditors
management
is
responsible
for
these
financial
statements.
The
presentation
of
them
and
ensuring
controls
are
in
place
to
make
sure
information
is
properly
presented.
B
B
Any
questions
there
before
go
on
right,
we'll
skip
towards
the
back
of
this
just
point
out
the
put
notes
and
other
schedule
here.
You
provide
further
detail
on
the
loan.
Receivable
balances
and
the
other
balances
in
the
footnote
are
in
the
face
of
the
statements
that
you
can
review.
But
we'll
look
over
on
page
17.
B
B
This
is
required
under
your
yellow
book
audit
to
report
on.
If
there
were
any
deficiencies
that
we
identified
in
considering
the
internal
controls
for
the
audit,
and
for
this
year
there
were
any
deficiencies
to
note:
nothing
that
we
would
categorize
as
a
significant
deficiency
or
material
weakness.
So
again,
that's
the
outcome
that
is
most
desirable.
B
B
It
contains
information,
we're
required
to
present
to
you
as
Government
ends
as
a
part
of
the
audit
and
essentially
some
refer
to
it
as
the
audit
report
card,
because
it's
where
we
would
identify
if
we
did
have
any
issues
dealing
with
management,
any
proposed
audit
adjustments
or
any
difficulties
performing
the
audit
of
which
nothing
to
report
here.
So
again,
that's
good
news
and
what
you're
looking
to
see.
B
And
then,
lastly,
just
to
touch
on
the
third
document,
you
have
related
to
public
authorities
law
this
document
or
is
just
to
acknowledge
the
requirements
under
public
authorities
Law
related
to
Investments,
but
at
this
time
there
are
no
Investments
that
would
require
your
compliance
with
these
regulations.
So
we
just
point
that
out
to
you
that
they're
there,
but
not
currently
applicable,
but
as
always
it's
something
that
would
be
addressed
if
you
were
to
enter
any
such
Investments.
A
E
A
F
G
However,
if
you
were,
you
were
a
family
member,
that's
even
direct
or
minoration,
or
affect
payments
from
someone
either
employees
or
food
businesses.
That
could
be
something
that
would
create
issues.
The
questions
are
on
the
packet.
You've
answered
the
packets
and
we'll
deal
with
them
suspect
because
you've
all
been
here
long
enough.
That's
not
an
issue
and
that's
pretty
much
a
summary
and
a
thumbnail.
What
the.
F
G
C
C
A
F
D
A
F
So
this
is
the
proposed
slate
of
officers
and
committee
members
based
on
what
they
are
now.
So
if
everyone
is
happy
on
their
committees,
I
mean
their
officership
and
does
not
want
to
make
any
changes.
We
can
approve
this
slate
or
if
anyone
would
like
to
make
any
changes,
you
can
do
that
at
this
meeting,
foreign.
H
F
A
D
I
D
A
F
So
this
is
just
the
regular
October
Treasures
report
and
we
will
start
on
page
four
for
the
end
of
month.
Balance
in
the
restricted
account
the
end
of
month,
balance
in
a
restricted
account,
does
one
million
32,
559
and
83
cents,
and
there
are
no
restricted
account.
Receivables
we'll
skip
over
to
page
six
for
the
udag
account
the
end
of
month.
Balance
in
udag
was
one
million,
forty
four
thousand
two
hundred
and
forty
seven
and
64
cents
and
I
apologize.
F
F
D
G
H
F
F
Yeah,
so
we
got
6
500
for
the
Mudcat
Grant
through
Security
Mutual,
which
is
great.
We
get
that
every
year
and
it's
really
helpful
for
the
veterans
initiatives,
Grant
account
no
activities
and
then
on
the
last
page
you
can
see
our
delinquent
accounts
so
again:
DD
Bank,
northeople
and
Pa,
every
architecture
all
set
so
still
delinquent,
Ariel
Hendrix
and
142
Port
Street,
making
the
delinquency
percentage
of
all
loans
not
designated
as
non-performing
at
0.68.
D
F
D
D
B
I
It
just
ran
on
his
cage,
his
father-in-law,
his
father-in-law's
Frank
Kane
was
a
contractor
and
that's
Vanessa's
father,
and
he
does
very
very
well
and
he's
going
through
a
tough
time
and
he's
angry.
So
it
would
be
a
good
time
for
somebody
to
send
his
son-in-law
a
letter
and
he'll
go
to
him
and
say
here:
I
can
make
this
go
away.
D
E
I
I
G
I
A
G
E
G
D
I
Went
bankruptcy
he
didn't
have
any
assets
one
day,
I'm
at
a
gas
station
and
he
there's
a
car
there.
That's
you
know
a
very
it's
high-end,
car
and
I
said
who's
that
he
says.
Also
I
came
right
back
to
the
city
and
said:
go
attach
it
so
they
did
and
he
made
arrangements
and
paid
it
all
because
he
didn't
want
to
lose
his.
As
he
explained
to
his
wife.
He
lost
his
car.
D
A
H
F
C
D
C
Anything
about
them
holding
it
up.
The
agreement
is
ever
so
slightly
tweaked
different
to
improve
it
to
meet
some
of
our
issues.
We
were
having
with
maybe
we're
tracking
salary
correctly
and
I
also
changed
the
periods
of
reimbursement,
as
well
as
the
period
of
time
of
the
agreement
itself.
So
it
matches
what
the
other
CD
making
agreements
the
the
bldc
year
is
what
September
to
August
or
October
to
September.
H
E
H
Request
for
votes
from
a
couple
of
local
companies,
we
got,
two
responses,
went
with
the
low
bidder.
We've
worked
with
this.
We've
also
worked
with
this
property
Care
Agency
before
and
had
positive
experiences
so
officially
entering
into
a
it's
by
snow
event.
So
the
contract
is
a
certain
amount
per
snow
event.
So
hopefully
we
won't
get
tons
of
snow.
H
H
A
D
H
H
F
D
H
D
H
We
have
to
essentially
procure
emergency
services
so
that
we
could
maintain
our
properties
and
not
have
code
violations
so
trying
to
be
more
proactive
and
actually
having
these
contracts
in
place
and
taking
them
through
the
full
procurement
process.
So
we're
not
in
a
position
where
we're
making
essentially
emergency
decisions,
and
we
are
at
the
mercy
of
whatever
that
policy
is
in
their
content.
H
H
D
F
So
we
worked
on
kind
of
like
a
line
of
credit
way
of
doing
things
and
it's
the
same
amount,
so
we're
gonna
basically
allow
them
to
borrow
150
000
from
udag
and
up
to
a
hundred
thousand
dollars
from
the
restricted
as
needed.
So
the
way
it's
going
to
work
is
they
will
have
six
months
to
make
their
first
draw
down
from
the
udag
funds.
They
will
spend
the
udag
funds
first.
D
H
And
Rachel
Joel,
Susan
and
I
had
many
conversations
about
this
loan.
One
thing
we're
using
this
a
little
bit
as
a
test
case
we'd
like
to
explore
doing
more
of
the
lines
of
credit
type
loans.
We
know
we
get
a
lot
of
requests
for
you
know.
I
just
need
two
thousand
dollars
right
now,
but
that
same
person
might
need
five
thousand
dollars
in
six
months
and
seventy
five
hundred
dollars
six
months
after
that,
it's
a
good
problem
to
have
means
they're
growing.
H
H
We
also
talked
a
lot
with
claw
their
initial
ask
of
us:
was
they
were
like
hey?
We
got
this
money
from
the
EPA.
We
don't
need
your
loan
anymore,
like
we're
we're
good.
We
had
a
very
long
conversation
with
them
about
the
value
of
building
this
credit,
especially
as
a
startup,
it's
very
difficult
to
get
private
financing
and
so
having
this
track
record
of
you
have
a
loan
you're,
paying
it
back,
you're,
building
that
that
business
credit
and
they
Susan
was
instrumental
in
helping
them
understand
that
and
the
value
of
that.
H
H
I
E
They're
they're,
young
and
they're
dead.
Well,
that's
wonderful,
which
is
great,
but
you
also
have
to
build
working
capital
and
you
need
to
build.
You
need
to
build
a
relationship
to
show
that
you
can
pay
back
credit.
So
that's
the
conversation
that
we
had
to
make
them
understand
that
and
they
also
are
getting
monies
from
Street
act,
a
hundred
thousand
dollars.
So
it's
the
Southern
Tier
Regional
Economic
Development
Council.
D
B
E
So
you
know
exciting
times
for
them,
they're
going
places
for
sure
one
of
the
stumbling
blocks
for
them
from
getting
conventional
Bank
financing
is
that
they
don't
really
have
said
contracts.
If
you
will,
they
have
the
contract
with
the
city
of
Binghamton,
and
so
it's
just
a
matter
of
having
that
that
piece
of
it
to
move
forward.
So
this
is
this
is
wonderful
that
we're
able
to
put
this
together
for
them.
It's
the
kind
of
business
that
the
bldc
is
here
for
and
I'm
super
excited
to
be
part
of
it.
A
A
H
And
yep
so
so
John
Hanrahan
who's,
the
current
employee
at
Nirchi's
Pizza
in
a
management
position
he's
been
wanting
to
take
over
this
particular
operation
for
a
number
of
years,
covid
slowed
things
down
a
little
bit.
I
believe
he
told
us
it
was
you
know.
A
blessing
in
disguise
gave
him
a
little
more
time
to
get
things
together.
H
His
goal
is
to
retain
all
of
the
the
people
who
work
there
if
they
would
like
to
come
over
under
his
it's
essentially
just
moving
from
one
LLC
to
Earth,
another
guy
Corporation
and
just
keep
keep
doing
what
they're
doing
he's
not
planning
any
major
changes.
It's
just
kind
of
the
next
step
in
his
career
to
go
from
management
of
the
facility
to
ownership
and
build
that
equity
and
keep
the
nurses
in
downtown
Alive.
F
So
he
has
yes,
so
this
we
are
a
little
bit
in
like
a
high
percentage
of
this
one.
He
is
also
getting
funding
from
Street
deck,
so
there
will
be
sixty
five
thousand
dollars
in
funding
from
Street
deck
as
part
of
this
package,
and
his
own
Equity
is
about
thirty
five
thousand
dollars.
Thirty
five,
forty
thousand
dollars.
F
I
D
F
D
F
E
Marshall
is
the
current
owner
and
he's
going
to
stay
on
his
bookkeep
and
to
do
the
bookkeeping,
which
is
you
know,
obviously
very
important.
So
even
though-
and
he
has
two
other
locations
that
he
intends
to
sell
so
there
what
they
will
be
he's
not
just
abandoning
it
just
to
just
walk
away.
You
know
what
I
mean
he's
still
going
to
be
able
to
you.
F
H
Way
part
of
this
came
about
is
that
he
was
working
with
Key,
Bank
I
believe
on
an
SBA
guaranteed
loan.
They
got
very
significantly
far
through
the
process
when
the
SBA
told
him
that,
because
nurses
is
not
a
standard
franchise
that
they
can't
so
that's
when
he
turned
to
us
and
said:
hey,
private
financing
isn't
going
to
work,
and
it
was
important
to
us
to
maintain
the
business
in
downtown,
create
a
new
generation
of
business
ownership,
and
especially
that's
exactly
the
story
that
you
want
to
hear
right.
H
A
E
E
H
D
E
I
I
I
F
E
I
I
D
I
D
F
E
I
H
D
C
Oh
well,
you
just
have
a
little
thing
from
the
revolving
well
in
perspective,
there's
still
about
about
a
million
sitting
in
the
bank
yeah.
This
is
a
100.
From
my
perspective,
just
looking
at
from
the
HUD
angle,
the
grades
wave
using
revolving
loans
funds,
because
it's
an
existing
business,
we're
going
to
have
the
Virginia
of
the
jobs
which
is
going
to
be
an
automatic
ability
for
me
to
do
the
draw,
and
it
pulls
that
out.
C
D
H
Yeah
today,
I'd
really
like
to
thank
the
board
for
all
of
your
support
and
knowledge
Insight
that
you've
brought
over
the
last
lunch.
It's
crazy
that
I've
been
here
for
nine
months.
It
feels
like
two
days
feels
like
seven
years.
It
depends
on
the
day,
so
really
I
think
we've
we've
gotten
a
lot
done.
I've
learned
a
lot
from
all
of
you.
H
I
hope
that
you
have
felt
like
the
staff
has
given
you
guys
enough
information
that
you're
I
feel
like
you're,
making
good
decisions
and
making
a
positive
impact
upon
the
city
of
Binghamton.
We
have.
Our
annual
report
is
almost
finalized.
We
send
that
out
to
all
of
you
highlights
of
what
we've
done
this
year,
but
I
mean
our
first
post
covid
loan
I
think
our
first
non-coveted
loan
since
early
2020
was
this
year.
B
H
Have
not
heard
the
announcement
on
trying
not
to
just
continually
refresh
the
governor's
Newsroom
every
six
seconds,
but
really
just
just
want
to
thank
you
for,
for
all
of
your
support,
really
looking
forward
to
2023,
like
I
said
we
have
some
I
think
exciting
changes
on
the
horizon.
That
will
enable
us
to
be
more
Nimble
access,
some
of
the
tools
that
only
ldcs
can
access
for
the
past
number
of
years.
H
I
think
we've
been
acting
more
like
almost
like
a
city
Department
that
has
a
board
and
now
we're
looking
towards
what
does
it
actually
mean
to
be
a
local
Development
Corporation?
What
tools
does
that
afford
US,
that
under
the
office
of
Economic
Development,
and
how
can
we
best
utilize,
those
to
be
nimble
to
be
able
to
respond
to
challenges
in
the
economic
situation
of
the
city
of
Binghamton
and
we'll
just
we'll
keep
moving
ahead?
I've
we've
got
an
open
door
policy.
H
Yeah
and
then
we
are
hosting
the
city
of
Memphis
hosting
a
tree
lighting
on
November
26th
in
conjunction
with
small
business
Saturday,
so
we're
currently
working
on
collecting
a
bunch
of
information
from
businesses
across
the
city
on
what
they're
doing
for
that
day,
which
discounts
who's
open.
What
your
hours
are,
because
a
lot
of
people
do
extended
hours
special
hours.