CVC Board of Governance Minutes & Strategic Planning Notes
10:00 AM ISU Memorial Union
June 21, 2007
Board In Attendance: Sandy Ehrig, Rand Fisher, Mayor Jim Erb, Mark Hamilton, Deb Haughtaling, Linda Barnes, Carol Richardson Smith, Dal Grooms, Mary Beth Foster, Bonnie Meier, Tim Waddell, Tim Borich, Dave Osterberg , Burt Chojnowski,
By phone: Curt Heidt, LaVon Eblen, Severin Roberts, Susan Skora, Nancy Van Milligen, Lora Friest
Staff: Mark Edelman, Sandy Burke, Craig Hertel
Guests: Rich Pirog, Ron Prescott, Beth Larabee. and Ester Mae Cox.
Chairperson Erb called the meeting to order at 10AM. Meeting packets were distributed and everyone introduced themselves.
Hamilton moved approval of minutes, second by Foster, minutes approved without opposition.
Smith presented the nominating teleconference report and recommendations of June 7, 2007. The Nominations committee recommended nomination of Ed Raber, David Osterberg, Jane Halliburton, Rick Morain, and Mike Wells for a second 3-year term.
Smith moved and Fisher seconded approval of nominees for second term. Motion carried.
The Nominations committee recommended Rita Frahm, Bonnie Meier, Susan Skora, LaVon Eblen, Lora Friest, Tim Waddell, Beth Danowski, Angie Dethlets-Trettin, and Tade Sullivan to serve an initial term.
Edelman reported nominees who have already agreed to serve and are present.
Smith moved to approve Frahm, Meier, Skora, Eblen, and Waddell as they have agreed to serve and were present by phone or in person. Foster seconded. Motion Carried.
Current members are voting until new members are installed as designated by the board. The terms of governance are ambiguous as to when board terms begin. Waddell will be in representing IDED via Tramontina’s appointment. This slate would fill the board terms.
Motion by Smith to approve additional nominees Friest, Trettin, Sullivan, and Danowski subject to respective agreements to serve. Discussed possible Latino representatives. Discussed by-laws regarding maximum board size of 30. Ehrig seconded.
Smith reported that the Nominations Committee recommended recruiting board nominees to add diversity and geographic balance. In particular, North Central, South Central and Northeast, and East Central are currently under-represented. Hamilton suggested exploring more diversity and additional candidates. A consensus of the Board agreed.
Smith reported the Nominations Committee recommendation for consideration of a Government Relations Committee. Suggestion was to hold his discussion this afternoon, as it would fit with the strategic planning agenda items at that time.
Smith reported on recommendation from committee to have Mayor Erb continue as CVC Board Chair for a 2nd year, and Carol Smith as CVC Board Vice Chair for a second year. Second by Hamilton. All ayes, motion carried.
Edelman gave administrative report. Funding for Congressionally Directed Appropriations was reduced and used to augment Land Grant University formula funds for Cooperative Extension and Agricultural Experiment Stations. This means that universities like ISU that have had more earmarks received less than in the past and other universities that had less earmarks received more. The good news is that after CVC Executive Committee held discussions with Jack Payne, Vice President Payne approved $158,635 from Extension and Dean Wendy Wintersteen approved $77,064 from the Experiment Station funding. This means that the CVC will be fully funded at the $235,699 level for the coming year.
Edelman also reported that appropriations for the coming year are on track.
Edelman reported on Farm Bill Survey and “Lunch and Learn” power point presentations are on the CVC website.
At 10:45 moved to agenda item: CDFI Micro Entrepreneur Initiative Presentation
Rich Pirog, Ron Prescott and Beth Larabee along with Mark Edelman.
Rich – background comments on ShoreBank seminars and study tour to Northern Initiative which is university-private sector partnership in Upper Michigan.
Ron Prescott discussed USDA International Entrepreneurial Rural Finance Projects in Romania.
Edelman discussed CDFI steering committee and business plans for adopting strategies for improving microenterprise finance in Iowa. The Iowa Banker Survey Results were distributed and indicated banker interest in collaboration. The Nebraska Rural Enterprise Assistance Program (REAP) online loan application system was mentioned as being something that could be developed in Iowa to help provide access statewide to micro loans.
Edelman next reported on CVC assistance provided by Burke and Edelman to a New Market Tax Credits Task Force that was discussing ways to improve distribution of new market tax credits across the nation in response to a request by the Federal Register. A draft letter developed by the task force and was presented to the CVC Board for endorsement along with the Bankers Association, Bar Association, and several CDFIs and CDEs. Motion by Fisher subject to minor editorial edits, second by Houghtaling. Motion carried.
Recessed at 12:05 for lunch
Reconvened at 1:00 pm
CVC Reports continued after lunch regarding current initiatives:
- Survey of recent movers was distributed and key points presented by Burke
- Edelman distributed maps showing distribution of entrepreneurial projects across Iowa Announced that Laura Klesel resigned due family circumstances
- Distributed copies of House File 794 & DM Register editorial 5-20-2007 on Planned Gift Tax Credits
- Distributed copies of House Study Bill 271 – Entrepreneurial Endowment and Development Grant proposal and indicated that it may be best to assess the outcomes of the CVC endowment building pilot projects to demonstrate the merits of the concept. Supporting two proposal may also divide the resources and focus for support.
- PDI summary of legislative bills were distributed
- SF 155 Local Government Innovations Commission bill was distributed and Commission is to issue call for proposals to set up Tim Shield Center for Governing Excellence. Tim Shields was a founding CVC Board member from the University of Iowa who did goal setting meetings for most City Councils around the state.
- Philanthropy Academy evaluations were distributed and discussion proceeded regarding the potential leadership roles for CVC and ICOF regarding level of interest by local affiliates to go beyond being grant applications takers.
- Edelman indicated interest in moving toward having partnership collaborators taking over more of the roles in organizing and planning the Entrepreneurship Academy and Philanthropy Academy. Consensus indicated board support for this direction.
- Edelman and Grooms were invited to participate on ICOF Endow Iowa matching grant review committee for 2007.
- Edelman reported on invitation to participate in philanthropy microenterprise entrepreneurship grant.
Strategic Planning Session (Session notes)
Additional CVC Business after Strategic Planning Session:
Regarding Strategies for Improved Project Evaluations and Distribution of Evaluation Results: After much discussion, Osterberg move to have 3 basis committees discuss and incorporate project evaluation into their respective initiative areas. Grooms seconded. Motion carried.
Regarding Recommendations to establish a government relations committee: Meier moved to establish a sustainability committee. Rand seconded. After discussion Grooms moved to table the motion. Motion Carried motion tabled.
Meeting adjourned.
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