Speaker numbers apply only to this recording.
The City of Evansville Loan Administration Board met on October 23, 2026, at 9:30 a.m. in Room 301 of the Civic Center. The board unanimously approved prior meeting minutes and a revised revolving loan fund plan, received an update on loan portfolio performance, and discussed upcoming meeting schedules and a borrower's status.
Good morning everyone. I will call to order the City of Evansville loan administration board meeting on October 23rd, 2026. First item on the agenda is to approve the minutes from May 22nd, 2026 meeting. I'll make a motion to approve the minutes. Second. Is there any discussion of the uh May 22nd minutes? Okay, all in favor say aye. Aye. Aye. Any that oppose, same sign? Okay. Second item is to approve the executive session memo from May 22nd, 2026 meeting. Someone like to make a motion to approve the memorandum of executive session for May 2022. Second. Second. All right. Is there any discussion over the minutes? Okay. All in favor? Aye. Aye. Say aye. Any that oppose, same sign? Okay, we'll move on down to number three is the approval of the revised revolving loan fund. I'll make them up to approve. Second. Any discussion uh on the revised loan fund plan? Nope. Okay. All in favor? Aye. Aye. Any that oppose? Okay, we'll keep moving on down to updates on loans and loan funds. We have um most of the ones are doing well still. Uh there are two uh lenders that uh or two borrowers that we've had to start monitoring. They're they're still making payments, but they've become less consistent, and so they kind of missed a month and did a bigger payment the following month, but uh I'll keep an eye on those. Um we have two more uh borrowers, uh Artisan Pizza Revolution and a Main Street wedding. Um they're getting behind. I've uh sent out two notices already, so I'll be sending out the third one soon. And if uh if they still don't respond, then I'll be sending them to collections soon. But uh otherwise that's that's about all the only changes. Okay. Or you know what, I forgot. There is one um, I think it was Emerald Design. Yeah, they sent in the payment uh right after I generated this report and they paid off one of their loans. So that that first one uh for the 1,000 dollar balance, they that one's uh settled. Gotcha. Yeah, yeah, yeah.