Minutes of June 8, 2021, Regular Meeting

Meeting Minutes 
Industrial Development Authority 
Regular Meeting 
 
June 8, 2021| 7:30 a.m. 
Webex Meeting +1-415-655-0001  
Access Code: 145 944 2915 
 
 
Call to Order 
The meeting was called to order by Victor Napolitano at 7:30 a.m. 
 
Roll Call 
Commission Attendance  
 
 
 
Staff Attendance 
President Victor Napolitano 
   
 
 
Dawn Lang, Management Services Director 
Vice President Shannon T. Wilson 
 
 
Kelly Schwab, City Attorney  
Secretary Kurt Johansen  
 
 
 
Kristi Smith, Accounting Manager  
Treasurer Edward A. Salanga 
 
 
 
Lucy Vazquez, Management Assistant 
Director Lee Kroll  
 
 
Micah Miranda, Economic Development 
 
 
Director  
Absent/Excused 
Director Charles Ertl 
Director William (Bill) Nolde 
 
Scheduled and Unscheduled Public Appearances 
None. 
 
Approval of Minutes 
Secretary Johansen moved to approve the March 9, 2021, Regular Meeting Minutes. Vice President 
Wilson seconded the motion. Motion approved.  
 
Briefing Items and Discussion 
 
a. 
February, March, and April 2021 Financials: Ms. Smith presented February Statement of 
Net Position that explained Total Current Assets of which includes Cash in Bank and 
Cash in Bank for PPE Grant Purposes of $215,346, Investments of $690,580 providing

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Total Assets of $905,926. Beginning Net Position of $912,212 and Year to Date Change 
in Net Position of negative $6,285 providing Ending Net Position of $905,926. The 
Statement of Revenues, Expenditures, and Changes in Net Position for February 28, 
2021, includes no Operating Revenues, Operating Expenses totaling $4,500, Operating 
Income Loss $4,500.  Investment Income Loss of $136 Providing a Net Change in Net 
Position of negative $4,363.  
 
March Statement of Net Position explained Total Current Assets of which includes Cash 
in Bank and Cash in Bank for PPE Grant Purposes of $212,814, Investments of $690,762 
providing Total Assets of $903,577. Beginning Net Position of $912,212 and Year to Date 
Change in Net Position of negative $8,634 providing Ending Net Position of $903,577. 
The Statement of Revenues, Expenditures, and Changes in Net Position for March 31, 
2021, includes no Operating Revenues, Operating Expenses for PPE and miscellaneous 
bank charges totaling $2,531, Operating Income Loss of negative $2,531. Investment 
Income Loss of $182 providing a Net Change in Net Position of negative $2,349.  
 
April Statement of Net Position explained Total Current Assets of which includes Cash in 
Bank and Cash in Bank for PPE Grant Purposes of $207,610, Investments of $690,916 
providing Total Assets of $898,527. Beginning Net Position of $912,212 and Year to Date 
Change in Net Position of negative $13,685 providing Ending Net Position of $898,527. 
The Statement of Revenues, Expenditures, and Changes in Net Position for April 30, 
2021, includes no Operating Revenues, Operating Expenses for PPE and miscellaneous 
bank charges totaling $5,203, Operating Income Loss of negative $5,203. Investment 
Income Loss of $153 providing a Net Change in Net Position of negative $5,050.  
 
Cumulative for the Ten Month Ended, April 30, 2021, Statement of Revenues, 
Expenditures, and Changes in Net Position includes Operating Revenues of $101,039 of 
which are made up of Annual Administrative Fees from Intel and Tri-City Baptist Church. 
Operating Expenses cumulatively of $116,774 made of PPE and miscellaneous bank 
charges and Operating Income Loss of negative $15,735. Investment Income Loss of 
$2,050 providing a Net Change in Net Position of negative $13,685, cumulative.  
 
b. 
Downtown Chandler Community Partnership (DCCP) – 4th Quarter Report was presented 
by Ms. Mary Murphy Bessler, Executive Director/President at Downtown Chandler. She 
mentioned the DCCP annual celebration that took place May 18, 2021, and a new website 
launching mid-July as well as that they’re in the last $12K remaining of the grant. There 
were no questions. 
 
c. 
Chandler Chamber of Commerce – 4th Quarter Final Report was presented by Ms. Terri 
Kimble, CEO at Chandler Chamber of Commerce and thanked the board for all their 
support. There were no questions.

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Action Agenda Motion and Vote 
 
a. 
Request approval to accept final quarterly report from Chandler Chamber of Commerce, 
detailing spending of $100,000 grant. Vice President Wilson moved to approve; 
Seconded by Director Kroll. Secretary Johansen abstained as he is on the Chandler 
Chamber Board. Motion approved by all with the exception of Secretary Johansen who 
abstained since he is on the Chandler Chamber Board. 
 
b. 
Request 
approval 
to 
discontinue 
the 
Personal 
Protective 
Equipment (PPE) 
Reimbursement Program. Mr. Micah Miranda briefly explained the request to 
discontinue the PPE reimbursement program as they have issued 269 grants and the 
number of applications have radically reduced. Treasurer Salanga moved to approve; 
Seconded by Secretary Johansen. Motion to approve was unanimous.  
 
c. 
Request approval of the FY 2021-22 Budget. Ms. Smith briefly provided the FY21/22 
budget. Vice President Wilson moved to approve; Seconded by Treasurer Salanga. 
Motion to approve was unanimous. 
 
d. 
Election of Officers (President, Vice President, Secretary and Treasurer) Lee Kroll; 
President, Shannon Wilson; Vice President, Kurt Johansen; Secretary, Ed Salanga; 
Treasurer. President Napolitano moved to approve; Seconded by Treasurer Salanga. 
Motion to approve the new slate of officers was unanimous.  
 
Member Comments/Announcements 
None. 
 
Calendar 
The next regular meeting will be held on Tuesday, July 13, 2021, at 7:30 a.m. 
 
Informational Items 
None.  
 
Adjourn 
The meeting was adjourned at 8:14 a.m. 
 
 
___________________________ 
Victor Napolitano, President