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