Meeting minutes 2 4 2016

Meeting Minutes February 4th, 2015

1. CALL TO ORDER/ROLL CALL Present: Sblend Sblendorio, CM Newel Arnerich (left at 5:48), Mayor David Haubert, Mayor John Marchand (arrived 5:40), Mayor Jerry Thorne, Buck Koonce, Art Pontau, Dale Kaye, Dr. Marshall Kamena, Pamela Ott Staff: Brandon Cardwell

2. CITIZENS FORUM None

3. MINUTES/FINANCIALS: 3.1

Approval of meeting minutes from September 24th, 2015, directors’ meetings

Moved for approval: Mayor Thorne Amendment: Dr. Kamena requested staff share the presentation materials from the executive director report on September 24th, 2015 to be included in the minutes, and staff agreed.

Second: Dale Kaye Vote: Unanimous 3.2

Approval of financials

Moved for approval: Buck Koonce Second: CM Newel Arnerich Vote: Unanimous

4. MATTERS FOR CONSIDERATION: 4.1

Adoption of amendment to i-GATE Development Corporation bylaws to require financial contribution for board seat eligibility – final reading

Executive Director Brandon Cardwell introduced the amendment with comments that this was the same document that was approved by the board at the previous meeting, with the addition of the language to allow the board to appoint three “at-large” board members that would not be subject to the funding requirement. The at-large board members would be appointed to specific high-value roles on the board, and will never constitute a majority of the board.

Moved for approval: Dr. Marshall Kamena

Second: Art Pontau Discussion: Dr. Kamena noted his initial concern about the amendment to the bylaws, but stated that he now feels the amendment puts the organization in a good position going forward. He asked when the at-large members would be appointed. Sblend commented that a subcommittee to lead the identification and recruitment of potential at-large members could be established at the meeting, but appointment of members would have to be agendized for a future meeting.

Vote: Unanimous 4.2

Annual election of directors and officers

Motion: Mayor Marchand moves the appointment of Buck Koonce as chair of the i-GATE Development Corporation.

Second: CM Arnerich Vote: Unanimous CM Arnerich volunteers to serve as vice chair.

Motion to approve: Art Pontau Second: Mayor Marchand Vote: Unanimous Mayor Haubert volunteers to serve as secretary Motion to approve: CM Arnerich Second: Mayor Marchand Vote: Unanimous Buck Koonce appointed a subcommittee of himself, Mayor Marchand, Art Pontau to create job descriptions for the three at-large seats and work to identify and recruit potential board members.

4.3

Executive Director’s report on 2015 accomplishments and 2016 goals and objectives

Brandon Cardwell provided a report on the 2015 calendar year accomplishments.

Highlights include:  Financial growth of over 350%  More than 700 local attendees at over 30 startup events  Rebranding the downtown facility to The Switch  Startup Tri-Valley  In925 investor network  Branding and marketing with ITV 4.4

Discussion, direction and action on acquisition of legal counsel for i-GATE Development Corporation

The board instructed the executive director to work with Sblend Sblendorio to craft an agreement for pro-bono legal services in the amount $5,000, which would substitute for financial contribution required by the bylaws.

5. MATTERS INITIATED BY THE BOARD ADJOURNMENT