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5 <br />Chair Dorosin said there is consensus to review the policy in the fall, and asked if the <br />Board would accept leaving the no interest loan on the table, in order to get more information <br />from staff on the 19th. He said if the Board does not do a loan, then the $100,000 can go to the <br />reserve. <br />Bonnie Hammersley said the Board can park the monies in the social justice fund, which <br />is at $250,000 in the budget. <br /> <br />A motion was made by Commissioner Marcoplos, seconded by Commissioner Price to <br />revisit this policy in the fall, and to add the zero interest loan criteria item tentatively for the June <br />19th meeting. <br /> <br />Commissioner Price asked if Commissioner Marcoplos meant to discuss this at a work <br />session in the fall or at the retreat in January 2019. <br />Commissioner Marcoplos said the fall. <br />Commissioner Rich said the loan part sounds too open to her, and asked if the vote <br />could be split into two motions. <br />Chair Dorosin said yes, and the first vote would be to discuss the policy at a work <br />session as early as possible in the fall. <br /> <br />VOTE: UNANIMOUS <br /> <br />A motion was made by Chair Dorosin, seconded by that the Board will put aside <br />$100,000 in the social justice fund to be earmarked for a zero interest loan with staff bringing <br />back the criteria will work for the repayments and terms on June 19, 2018. <br /> <br />Travis Myren said the policy states that staff would negotiate the terms with the <br />applicable outside agency, but staff can bring a general framework. <br />Commissioner Rich asked if this is $100,000 over three years, or $100,000 per year, for <br />three years. <br />Chair Dorosin said he was thinking it would be $100,000 for this year. <br />Bonnie Hammersley said she would assume this would be reviewed each year. <br />Chair Dorosin said to do this for a year, have the policy discussion and then re-visit this <br />at next budget cycle as a loan or something else. <br /> <br />Commissioner Rich asked if this is part of the motion. <br />Chair Dorosin said yes. <br /> <br />Commissioner Rich said she has questions about possibly forgiving the loan. <br />Chair Dorosin said that is not part of the discussion now. <br />Commissioner Rich said the Board is talking about the loan and voting now, and asked if <br />the Board is committing to making the loan this evening. <br />Commissioner Price said no, not until next week after staff brings back information. <br />Bonnie Hammersley said moving the funds from the social justice fund would be a <br />simple budget amendment, and can be done at any time during the year. <br />Bonnie Hammersley asked if more clarification would be provided on what the Board <br />seeks from staff next week. <br />Chair Dorosin said the Board wants to know the repayment terms, when the repayment <br />starts, the number of payments, etc. <br />Bonnie Hammersley said staff would need to negotiate that with IFC, and she is not sure <br />that can be accomplished by next Thursday.