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23 <br /> 6 <br /> 1 Chair Dorosin said the Board wants to know the repayment terms, when the repayment <br /> 2 starts, the number of payments, etc. <br /> 3 Bonnie Hammersley said staff would need to negotiate that with IFC, and she is not sure <br /> 4 that can be accomplished by next Thursday. <br /> 5 Commissioner Jacobs said the Board would also want default terms. He said the Board <br /> 6 may want to put funds into social justice fund until the fall, and invite the other two entities that <br /> 7 are running capital campaigns into the discussion to see if they are interested in zero interest <br /> 8 loans or grants. <br /> 9 Commissioner McKee said in his opinion the Board just voted to revisit this in the fall, <br /> 10 but is now trying to do a work around. He said the Board should vote now on an interest free <br /> 11 loan or grant, or wait until the fall to do anything at all. He said policies exist for a reason. <br /> 12 Commissioner Burroughs asked if the Board can get money out of the Other Post <br /> 13 Employment Benefits (OPEB) at anytime. <br /> 14 Bonnie Hammersley said no, the funds need to be moved into the social justice fund, if <br /> 15 the Board wishes to access them. She said once the funds go in to OPEB, the Board cannot <br /> 16 get them back out. <br /> 17 Commissioner Burroughs said she appreciates Commissioner McKee's concerns, but <br /> 18 said putting money aside allows the possibility of taking action in the fall. <br /> 19 Chair Dorosin said the "work around" is an attempt to incorporate everyone's comments. <br /> 20 Commissioner Burroughs said this is not a work around, but is putting money in a place <br /> 21 until the Board decides what it wants to do with the policy in the fall. <br /> 22 Commissioner Price agreed with Commissioner Burroughs. <br /> 23 Commissioner Marcoplos also agreed. <br /> 24 <br /> 25 A revised motion was made by Chair Dorosin, seconded by Commissioner Rich, to <br /> 26 move the $100,000 to the social justice fund pending review of the policy change in the fall. <br /> 27 <br /> 28 Commissioner McKee said he will park his reservations until then. <br /> 29 Commissioner Jacobs apologized for not paying attention to Commissioner Burroughs' <br /> 30 earlier comments. <br /> 31 <br /> 32 VOTE: UNANIMOUS <br /> 33 <br /> 34 <br />