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18 <br /> ❖ All Financial Transactions to mimic County Financial Policies <br /> ❖ Authorized Bank Signatures Defaults to County Manager and Finance Director <br /> ❖ Create Small Business Fund in Tyler MUNIS Financial System to record all financial <br /> transactions including tracking Accounts Receivables (A/R) <br /> ❖ Escalate all outstanding AR balances and take appropriate collection actions <br /> Board Action Steps <br /> ❖ Approve Staff recommendations <br /> - Dissolution of SBL nonprofit <br /> - Conformance to County Policies and Procedures <br /> Questions/Comments <br /> Commissioner Price asked if there will be an advisory board. <br /> Gary Donaldson said yes, the Small Business Loan Committee. <br /> Commissioner Bedford thanked staff for moving the data to the County, and she <br /> supported the 0% interest loans. She said the Small Business Loan Committee is a great to <br /> work with, and the public needs to be better informed that this program exists. <br /> Commissioner Dorosin asked if the status of this committee, moving forward, could be <br /> identified. <br /> Gary Donaldson said the pandemic has put everything on pause, but once the status <br /> quo returns, the committee will go back to giving out loans. <br /> Commissioner Dorosin asked if this committee is the same one that is overseeing the <br /> emergency loan program. <br /> Chair Rich said no it is not, but there are some committee members that overlap <br /> between the two groups. <br /> A motion was made by Commissioner Bedford, seconded by Commissioner Price for the <br /> Board to: <br /> 1) Establish the Small Business Fund on the County's Books and Chart of Accounts; <br /> 2) Approve the transfer of the remaining balance of $510,000 from the Small Business <br /> bank account to the County's bank account, of which $410,000 is to be used for <br /> Emergency grants to small businesses and the remaining $100,000 and any residual <br /> balances to be deposited in the County's bank account; <br /> 3) Approve the Staff and Small Business Loan Board recommendation for the eventual <br /> dissolution of the nonprofit entity named the Orange County Small Business Loan <br /> Company Program; and <br /> 4) Approve the Staff and Small Business Loan Board recommendation to make all 11 <br /> existing loans with an outstanding balance of$286,508.17 as zero interest and <br /> subsequent Small Business Loans as zero interest. <br /> VOTE: UNAIMOUS <br /> d. Amendments to the Orange County Solid Waste Ordinance Regarding Disposal of <br /> Construction and Demolition Waste at Waste and Recycling Centers <br /> The Board considered voting to: <br /> 1) approve a proposed resolution amending the Solid Waste Ordinance with the <br /> amendments becoming effective August 3, 2020; <br />