GUNAERI  105 N4 4t,P. O. Box 349 Gunter, TX75058-0349 (903)4 433-5185 Fax (903)433-8039 AGENDA General! Meeting Gunter Economic Development Corporation Thursday, October. 3, 2024 6:00 p.m.  Pursuant to Chapter 551 of the Texas Government Code, notice is hereby given ofa Meeting oft the Gunter Economic Development Corporation oft the City of Gunter, Texas tol be held ont the above date and time, Gunter City) Hall, 105 North 4th Street Gunter, Texas CALL TO ORDER [Presiding Officer will call the meeting to order, establish a quorum members of the audience wishing to. speak must be recognized by the Presiding Oficer.]  75058 at which time the following will be discussed and considered:  anda notices declare  ifpresent,  legally posted pursuant tot the Open Meetings Act. During the course ofthe meeting,  INVOCATION AND PLEDGE OF ALLEGIANCE  CITIZEN COMMENTS [The Economic Development Corporation invites citizens lo speak to the Board on any topic not already scheduled for public hearing. The time limit is three minutes per BOARD BUSINESS GENERAL SESSION [As authorized by Section 551.071 of the Texas Government Code, the General Session may be convened into Closed Executive Sessionj for the purpose ofseeking confidential legal advice from the attorney on any Agenda item listed herein, as needed.) 1. Discuss, consider, and act upon approving Minutes from 09-10-2024 Special EDC meeting. 2. Discuss, consider, and act upon proposal from Fresh Local Marketplace grant/loan for store 3. Discuss, consider, and act upon restorations for the city welcome monuments, murals and 4. Discuss, consider, and act upon authorizing the Gunter EDC President to approve expenditures, 5. Discussion regarding USDA/RGEB incentivelloans presentation by Don Anderson. 6. Discuss, consider, and act upon creation of as series of Special Meetings to accelerate Gunter 7. Discuss, consider and act upon setting up a separate bank account for Gunter EDC.  speaker.]  expansion, billboards.  not to exceed $150 per expenditure.  EDC's impact.  Suggested: future agenda items.  Page 1    ADJOURN  1,t the undersigned authority, do hereby certify that the above Notice of a Mccting of the Gunter Economic Development Corporation oft the City of Gunter, Texasi isat true and correct copy ofs said Notice and that I atrue and correct copy ofs saidl Noticei int thel Noticel Boardofthe Cityl Hall ofsaid Gunter,Texas, tot the public, and said Notice was posted on September 30, 2024, beforc 6:00 p.m. and remained aplace sO continuously for at Jeast seventy-two hours immediately preceding the date oft the meeting  convenient posted posted  DA Detra Gaines, City Secretary  Ifduring the course of ther meeting covered by this notice, the Board should determine thata closed ore executive meeting ors session ofthe Boardo or ac consultation with the attorney for the Board: should bei heldo or isi such closed or executive meeting or session orconsultation with attorney as authorized by the Texas required, Open Meetings Act, Texas Government Codes 551.001 et. seq., willl be held! byt thel Board at the date, hour and in this notice as the Board may conveniently meetins such closed ore executive meeting ors session oro consult placeg with given the attorney for the GEDCconcerning any and alls subjects and) for any and all purposes permitted the $551.071-Private, consultation witht thed attorneyfort thei Boar4s551072-Discussingpurchase. exchange, lease or  then  but not limited to, thej following sections and! purposes: Texas Government Code. Section: value ofreal property.  by Act, including,  $ 551.074- Discussing personnel or to hearcomplaints against personnel.  Page 2    EDCI MEETING October: 3, 2024 6:00PM  GUNAERI  EST.1901  AGENDA ITEM #1  Discuss, consider, and act upon approving Minutes from 09-10-2024 Special EDC meeting.  AGENDA ITEM SUMMARY/BACKGROUND:  PRESENTED BY: Kristofer Atkinson, President KECOMMIENDATION: FINANCIAL IMPACT: N/A LEGAL REVIEW: N/A  ATTACHMENTS: See Attachments    GUNAERI EST.1901 1051 N.4 4th Street, P.O.) Box 349 Gunter, TX 75058-0349 903-433-5185 Fax: 903-433-8039 MINUTES Tuesday, September 10, 2024 6:30pm Meeting Opened. At 6:37p.m.  Gunter. Economic Development Corporation Special Meeting  Members Present:, Don. Anderson. Kristofer-Atkinson, Josh. Long, Nat McClure, Monesa Staff Present: Mayor Karen Souther, Eric Wilhite. Director ofl Planning &. Development  Unger  Members Absent: none  Pursuant to Chapter 551 ofthe Texas Government Code, notice is hereby given ofa Special Meeting oft the Economic Development Corporation oft the City of Gunter, Texas tol be] held on September 10, 2024, at 6:30 p.m. ini the Gunter Public Safety Building located at 105N 4th Street, Gunter, Texas, at which time the: following will be discussed and considered: ADMINISTER OATH OF OFFICE by Mayor Karen Souther for Place 1 Monesa Unger, Place  21 Nat McClure, and Place 3 Don Anderson  ALL new members present and accepted oath to office  CALLT TO ORDER SPECIAL CITY COUNCIL MEETING Presiding Officer will call the meeting to order, establish a quorum ifpresent, and declare notices legally posted pursuant to the Open. Meetings Act. During the course ofthe meeting, members of the audience wishing to  speak must be recognized by the Presiding Officer.7 INVOCATION AND PLEDGE OF ALLEGIANCE  1. CITIZEN COMMENTS [The Economic. Development Corporation invites citizens to speak to the. Board on any topic not already, scheduledj for public hearing. The time limit  ist three minutes]  Karl Lenderman spoke about the drainage problem  BOARD BUSINESS: SPECIAL SESSION  1. Discuss, consider, and act on accepting letter of] Resignation from Kristy Padgett and  Anthony Quintana    Don Anderson made the motion to accept the resignations; Nat McClure seconded the 2. Discuss, consider, and act upon appointing the following positions: President, Vice-  motion; Motion passed 5-0 President, Secretary &' Treasurer President- Kristofer Atkinson Vice-president- Josh Long Secretary Monesa Unger Treasurer. Don Anderson  Motion made by K7sl@ferAtknson; Seconded by Nat McClure; Motion passed 4-0. Motion made by Monesa Unger to accept Victoria Thomas as Registered.Agent;  3. Discuss, consider, and act upon designation ofi new Registered Agent.  Seconded by. Don. Anderson; Motion passed. 5-0.  4. Discussion regarding TOMA Requirements.  All members required to complete training and provide certificates to. Detra Gaines.  5. Discuss, consider, and act upon Adopting Proposed FY2024-2025 Budget  Motion made by Monesa Unger to approve agreed upon budget; Seconded by. Kristofer 6. - Discuss, consider, and act upon restorations for the city welcome monuments and billboards Tabled until next meeting; Nat McClure and. Monesa Unger to collaborate on desin and  Atkinson. Motion passed. 5-0.  details.  7. Discuss, consider, and act upon RFQ for City Drainage Study  Motion made by Don. Anderson for Eric to negotiate the contract for the RFQ which is not toe exceed $150,000; Seconded by. Josh Long; Opposed. Monesa Unger; Motion passed 4-1  Suggested future agenda items:  All members agreed to. send their inputs to. Kristofer. Atkinson    ADJOURN  Adjourned. At 8:56! p.m.  Kristofer Atkinson, President  ATTEST:  Monesa Unger, City Secretary    YL oI GUNGERI EST.1901  EDCI MEETING October 3, 2024 6:001 PM  AGENDA ITEM #2 expansion.  Discuss, consider, and act upon proposal from Fresh Local Marketplace grant/loan for store  AGENDA ITEM SUMMARY/BACKGROUND: Original loan amount: $10,000.00 Loan balance: $6,310.26 PRESENTED BY: Kristofer Atkinson, President RECOMMENDATION: FINANCIALIMPACT: N/A LEGALI REVIEW: N/A  ATTACHMENTS: See Attachments    YE O GUNMERI EST.1901  EDCMEETING October 3, 2024 6:00PM  AGENDA ITEM #3 billboards.  Discuss, consider, and act upon restorations for the city welcome monuments, murals and  AGENDA ITEM SUMMARYBACKGROUND  PRESENTEDBY: Kristofer Atkinson, President RECOMMENDATION: FINANCIAL IMPACT: N/A LEGAL REVIEW: N/A  ATTACHMENTS: See Attachments     E €  5  o        s a 9  3 o S & D E 9  P  -    9 o  0    o e  o  - 3  e y M a  I  S 8 o 3 3 e - l  9  o le    e E  D  -    D A e 2 9 - 8 o D 3 @ S o o a I  0 0 e 3 o a S o D  ) S o S e 3 s e    o 0  3 6  -    3 9 a 6 S a I  o - A e E    3 ) E o e o  3  9  9  N  a o 5 - a  8 a : o I s & - e - I S € W C  9 3 C B B 9 S    EDCI MEETING October: 3, 2024 6:00PM  GUNMERI  EST.1901  AGENDA ITEM #4  Discuss, consider, and act upon authorizing the Gunter EDC President to approve expenditures,  not to exceed $150 per expenditure.  AGENDA ITEM SUNMARYBACKCROIND  PRESENTEDI BY: Kristofer Atkinson, President RECOMMENDATION:  NANCIALIMPACT: N/A LEGAL REVIEW: N/A  ATTACHMENTS: See Attachments    O EST.1901  EDCI MEETING October 3, 2024 6:00) PM  GUNMERI  AGENDA ITEM #5  Discussion regarding USDA/RGEB incentive/loans presentation by Don Anderson.  AGENDA ITEM SUMMARY/BACKGROUND:  PRESENTED! BY: Kristofer. Atkinson, President RECOMMENDATION: FINANCIAL IMPACT: N/A LEGAL REVIEW: N/A  ATTACHMENTS: See Attachments    New GEDC Revolving Loan Program  August 2010  The Gunter Economic Development Corp. (GEDC), funded by the USDA,  Rural Development, would like to announce: The availability of loans to small and emerging businesses for:  Expansion Start-up Purchase Property Equipment and/or Working Capital in Gunter and/or the Gunter ETJ.  Total grant amount is $99,900.00 and must be loaned out int the next two years. The Revolving Loan Fund (RLF) will be administered by a Loan Committee. The Loan Committee is made up of all members of the current GEDC and Laura Glass.  Reference material:  See GEDC RLF Plan and GEDC RLF Scope of Work for more details    REVOLVINGLOANI FUND PLAN Rural Business Enterprise Grant Application Gunter Economic Development Corporation  The Gunter Economic Development Corporation (GEDC) (grantee) Revolving Loan Fund (RLF) shall be operated under the guidance oft thei following revolving loan fund plan. This Revolving Loan Fund Plan will not be amended or changed without prior written concurrence from Rural Development (grantor), an  Agency oft the USDA. 1. Use of grant funds:  Grant funds tol be received by the grantee through the Rural Business Enterprise Grant program will be used to establish ai revolving loan fund (RLF). The RLF will be used toj provide financial assistance to third parties within the guidelines oft this revolving loan fund plan.  2. Sources of all non-grant funds:  No additional funds are being contributed to the RLF.  Applicants of the RLF willl be required to meet their financial needs from their own resources and commercial financial institutions whenever possible. The RLF will be used to finance applicant needs that cannot be meti from the above resources. The RLF: may finance 100% ofan applicant's  needs if other resources are not available.  3. Amount of technical assistance:  Technical assistance will be available from the grantee on an as-needed basis. The Grantee will also assist applicants to find other technical assistance resources that can provide the assistance  needed by the applicant.  4. Purpose and limitations of thel loans made from thel RLF:  a. Planned projects to bei financed may includel but not limited to:  - Project/business to be assisted by thel RLF program typically must be physically located int the City of Gunter and/or the Gunter ETJ. On a case by case basis, the Loan Committee may waive this requirement andj provide loan funds to al business located outside the City of Gunter and/or Gunter ETJi ifthe committee determines doing sO will have aj positive economic impact on the community to be assisted with ii. Acquisition and development of land, easements, and rights-of-way.  the RLF funds.    ili. Construction, conversion, enlargement, repairs or modernization of buildings (including façade repairs), plants, machinery, equipment, access streets and roads, parking areas, utilities, and pollution control and abatement facilities. iv. Loans for startup operating cost and working capital. V. Technical assistance: for private business enterprises.  b. Limitations on loans from thel RLF:  RLF funds will not be used to produce agriculture products through growing, cultivation, and harvesting either directly or through horizontally integrated livestock operations except: for commercial nurseries, timber operations or limited agricultural ii. RLF funds will not be used to finance comprehensive area-wide type planning. This does not preclude the use of grant funds for planning for a given project. iii. RLF: funds will not be used to fund aj part ofaj project which is dependent on other funding unless therei is a firm commitment ofthe other: funding to ensure completion iv. Loans will not be made unless there is ai reasonable prospect that the applicant meets the definition of "small and emerging private business enterprises" defined as "any private business that will employ 50 or fewer new employees and has less than $1 million in projected gross revenues". Ifthe grantor changes its definition ofs small and emerging business as defined by thel Rural Business Enterprise Grant regulations, the grantee reserves the right to utilize the amended definition without further V. Atl least 51 percent oft the outstanding interest int the applicant must be owned by those who are either citizens oft the United States or reside in the United States after vi. Applications by members of thel Loan Committee and theiri immediate family  production related to technical assistance projects.  oft the project.  approval from the grantor.  being legally admitted for permanent residence. members shall bei ineligible for funding.  Other Lending criteria:  Loans to be made from the RLF will not exceed the level of available funding in the RLF bank account. Loans made from the RLF typically will not bel less than $2000. Thel Loan Committee may authorize loans smaller than the above values on a case by ii. Loans can be amortized over the lesser ofs seven years, or the life oft the security. The iii. Thei interest rate will typically range from 2-5% and typically will not exceed prime rate by more than 1%. Thel Loan committee will determine the rate and willl keep iv. Security shall consist oft the best lien available on real estate, equipment, inventory, etc. The discounted value oft the security (using typical lender discount rates) shall equal or exceed the value of the loan. The Loan Committee may require personal V. There must be evidence presented by the applicant that indicates the RLF loan is  case basis.  Loan committee shall determine the term. apprised of current economic conditions.  guarantees and/or co-signers.  necessary to make the proposed project feasible.    vi. RLF loan funds will not be used to pay offa any previous debt. Refinancing vii. Ifthe business relocates outside of the City of Gunter and/or Gunter ETJ, thel Loan viii. The proposed project must be presented to the Loan Committee by the prospective ix. Thel Loan Committee may require written feasibility studies, business plans, market X. A$100a application fee shall be submitted with each application. Costs associated with processing the application (e.g. credit report fees, UCC and lien search: fees, filing security documents, filing legal documents fees, etc.) shall be the responsibility ofthe applicant. The Loan Committee may waive or amend this fee structure without  construction financing is an exception tot this rule. Committee may require immediate pay off oft the loan. business owner or her/his representative. studies, etc. as appropriate for the business type.  further approval from the grantor.  5. Number ofj jobs to be created/saved with each project:  The grantee has a goal of creating or retaining at least one: full time job for each $10,000 loaned from  the RLF.  6. Project priority and length oft time involved in completion of each project:  Applications for all RLF funds will be accepted on a continual basis. Applicants who choose to applyi in times when inadequate funds exist for extending a loan will bei informed of the lack of funds. Applications will be reviewed and funded (ife eligible) based on thei following criteria: a. Applications with the greatest anticipated economic impact for the community shall receive greatest priority. Criteria to be considered in determining economic impact include number ofj jobs created or saved, wage scale of employees, benefits paid to employees. b. Applications of equal economic impact will be funded in date order of application. Ina accordance with Federal law and U.S. Department of Agriculture policy, the Loan Committee will not discriminate on the basis of race, color, national origin, sex, religion, age, d. The Loan Committee will be responsible for determining priorities of application to be funded. Eligibility of applicants willi typically be determined within 30 days oft receipt ofa complete application. An application willl be considered complete when alli information necessary for thel Loan Committee to make a decision has been received.  disability, or marital or family status.  7. Other Information:  RLF will be administered by a Loan Committee. The Loan committee shall be comprised ofno fewer than seven voting members plus the Economic Development Coordinator. The Economic  Development Coordinator shall not have voting privileges.    One committee member shall be a lender from al local lending institution. The remaining six members shall bej persons who live within the City of Gunter or who live outside oft the City of Gunter but have an interest int the economic climate oft the applicant RLF territory. Five persons oft the committee shall constitute a quorum necessary for approving or rejecting an application for funding from thel RLF. A simple majority (519)ofmembers voting shall be necessary for The Chairperson of the GEDC and/or the Economic Development Coordinator shall be responsible for administrative requirements oft thel RLF. The chairperson may delegate these  approval.  responsibilities to other persons.  This Revolving Loan Fund Plan is submitted by the grantee. Upon approval by the grantor, the grantee agrees that no changes will be made to the Revolving Loan Fund Plan without prior written  approval by the grantor.  GUNTER ECONOMIC DEVELOPMENT CORPORATION (GRANTEE)  By:  (Signature)  (Title)  (Date)  This Revolving Loan Fund Plan is hereby approved by Rural Development Business and  Cooperative Programs  RURAL DEVELOPMENT BUSINESS & COOPERATIVE PROGRAMS  By:  (Signature)  (Title)  (Date)    GUNTER ECONOMIC DEVELOPMENT CORPORATION  REVOLVING LOANE FUND SCOPE OF WORK  The Gunter Economic Development Corporation (GEDC) is applying for a Rural Business Enterprise Grant (RBEG) from Rural Development (hereafter referred to as "grantor"), an Agency oft the USDA. Thei following Scope of work will be used to measure the performance of the GEDC (hereafter referred to  as the "grantee").  8. The specific purposed for which grant funds will be utilized:  Funds will be used to create. a revolving loan fund (RLF) to assist small and emerging businesses  within the city of Gunter and the Gunter ETJ within the county ofGrayson. 9. - Timeframes or dates by which action surrounding the use ofi funds will be accomplished  The grantee anticipates having all documentation completed for the purposes of closing the grant within three months after notification of grant funding. The grantee also anticipates having all initial RLF funds loaned within 24 months after notification of grant funding. 10. Who willl be carrying out the purpose for which the grant is made (key personnel should be  identified).  The RLF will be administered by Mr. Mark Taylor serving as the signatory agent oft the GEDC  along with the RLF Loan Committee. These people consist of:  L.D. Byrd- GEDC President  L.D.. Byrd is. selfemployed as a Minister, sofware. salesman, and. Landscaper: He has beena resident ofGunter for 30) years. He has been ai member oft the Gunter. Independent School District Board of Trustees for 23 years. He was acharter member of the GEDC and is currently serving his glh year as President. L.D. is also ai member oft the Grayson Central Appraisal District serving as. secretary. He has a B.A. degree from Oklahoma Christian  College.  Mark Taylor - GEDC Vice President  Mark Taylor is the Assistant Dean of Academic. Studies at Grayson County College. Int this role, he oversees the grant allocations for Adult Basic. Education and English Language/Civics, programs in af four county area. He. serves on the Texoma Workforce Solutions Board and is currently the Vice President of the Gunter Economic Development  Corporation.    Dan Moody- - GEDC Treasurer  Dan Moody oversees shipping, receiving and inventory of all materials used in production of products for Starr Aircraf, Sherman, Texas. He was an independent business owner for 23 years prior to that. Dan presently. serves on the Gunter City Council (8 years) andi is also  Treasurer of the Gunter. Economic. Development Corporation.  Jamie Penner- GEDCS Secretary  Jamie Penner has 25+. years ofe experience int the computer industry. She is as soflware project manager anaging budgets upi to $20million. She graduated from Texas. A&M University with a B.S. and M.S. in Industrial Engineering. She has livedi in Gunter for 6 years, has been with GEDCfor 4J jears andi is currently. Secretary oft the Gunter. Economic  Development Corporation. Don Anderson- - GEDC member  Don. Anderson is a Retired Naval Senior Chiefwith over 23 years Service and a Retired Licensed Mortgage Broker. Whoj for over Five years owned and operated an Independent Retail Business. He was also employed as a Communications. Awareness Oficerforan International Computer Consulting. Firm prior toi moving to Texas. At present. Don is an Assistant. Manager with Office Depot Inc. Additionally he serves and participates on the Gunter Economic Development Committee and the Gunter Chamber ofCommerce.  Stephanie Kelly-C GEDCmember  Stephanie Kellyi visase/Femployed entrepreneur andj former banker. She is alsoacolummist for the Gunter Times-Review: newspaper and has lived in Gunter fory four years. A graduate ofThe University of1 Texas at Austin, Stephanie serves on the boards for Gunter. ISD Foundation Trust (GIFT) and Gunter's. Economic Development Corporation..  Billy Viars- GEDCmember  Billy Viars is a Training Manager for Simpson Strong-Tie Co., Inc. He oversees educational programs and operating budgets for the, Southeastern United States including three full time training. facilities in Texas, Florida, and North Carolina. He is a member of ASTD and other industry related professional groups, andi routinely provides presentations for audiences  throughout the country.  Laura Glass - local lending institution member  Laura Glass has been helping people with thej financing oft their homes and businesses for 29 years. Affer working as Senior Vice President of Productionj for several ofthe country's largest mortgage companies like Sebring Capital, Transamerica and Countrywide Home Loans, in October of2000 Laura jumped out and opened her own company, Foundation Mortgage which was voted "Business ofthe Year" for2008. As the climate ofi morigage lending has been going through. soi much change, Laura had the opportunity to consolidate  her company with. First United Bank. Mortgage Company in. 2009.    11. How the grant purposes willl be accomplished.  RLFv willl be administered by aLoan Committee. The Loan Committee shall be comprised ofi no fewer than seven voting members plus the Economic Development Coordinator. Thel Economic One member shall be a lender from a local lending institution. The remaining six members shall be persons who live within the city of Gunter or who live outside of the city of Gunter but have an interest in the economic climate of the community. Four person of the committee shall constitute a quorum necessary for approving or rejecting an application for funding from the RLF. As simple majority (519)ofmembers voting shall be necessary: for approval. The Chairperson oft the GEDC and/or the Economic Development Coordinator shall be responsible for administrative requirements oft thel RLF. The chairperson may delegate these responsibilities to See the "Revolving Loan Fund Plan" for additional information pertinent to administering the  Development Coordinator shall not have voting privileges.  other persons. RLF. the grant funds.  12. Documentation regarding the availability and amount ofother funds tol be used in conjunction with  No additional funds are being contributed to the RLF 13. Additional information to justify thei need fora a RLF:  a. Information which will establish/identify the need for the revolving loan fund.  Mckinney/Gunter Grayson State of  U.S. 10.2 41,994  County 8.3 37,178  Texas 8.0 39,927  Unemployment Rate 12/2009 Median Household Income (2000) 2000 Census Population  N/A 40,000 1,230  110,595 20,857,820 281,421,906  Unemployment rates are based on' Texas Workforce Commission Median Household Income is based on 2000 Census Population is based on 2000 Census    The average unemployment rate for Grayson county is 8.3% percent compared to the State of Texas unemployment rate of8.0%, indicating that the local unemployment rate is 8.3% higher than state average. Median Household Income (MHI) of Gunter is $40,000compared In addition to the above statistical data, Gunter has been adversely affected by the 2008 closings of Gunter Medical Clinic and the Gunter franchise ofMr. Jim's Pizza. There is now no medical facility in Gunter, sO residents who are ill must drive to Celina, Sherman, or other cities farther away. As for restaurants, there are now only two establishments in Gunter, Milano's and a Sonic. Mr. Jim's Pizza closing decision was unfortunate for Gunter. Creating ai revolving loan fund will provide a1 means and opportunity to assist local small b. Financial statements which will demonstrate the financial ability of the grantee to administer Refer to the City of Gunter: financial statements for thel last three years. Also see enclosed City of Gunter statement of revenues, expenditures, and changes ini fund balance sheet.  to Texas MHI of $39,927 (100.18%), sO they are about equal.  businesses to retain employment or create employment.  the revolving loan fund.  Finally, see Gunter EDC's bank statement as of1/2010. C. Applicantsexperience. in operating ar revolving loan fund. GEDC has no experience in operating ai revolving loan fund.  This Scope of Work is submitted by the grantee. Upon approval by the grantor, the grantee agrees that no changes will bei made to the Scope of Work without prior written approval by the grantor. GUNTER ECONOMIC DEVELOPMENT CORPORATION (GRANTEE)  By:  (Signature)  (Title)  (Date)  This Scope ofwork is hereby approved by Rural Development Business and RURAL DEVELOPMENT BUSINESS & COOPERATIVE PROGRAMS  Cooperative Programs  By:    (Signature)  (Title)  (Date)    New GEDC Revolving Loan Program Announced in August 2010  The Gunter Economic Development Corp. (GEDC), funded by the USDA,  Rural Development, would like to announce: The availability of loans to small and emerging businesses for:  Expansion Start-up Purchase Property Equipment and/or Working Capital in Gunter and/or the Gunter ETJ.  Total grant amount is $99,900.00 and must be loaned out int the next two years. The Revolving Loan Fund (RLF) will be administered by a Loan Committee. The Loan Committee is made up of all members of the current GEDC and Laura Glass.  Getting Started:  1. Complete Short Form application (see attachment A)  2. Contact GEDC Secretary, Jamie Penner, to be added to GEDC agenda to discuss the 3. Meet with Dr. Karen Stidham, director of Grayson County small business development center, to review application and create al business plan. Thisis is a free service. (see 4. Complete Long Form application, business plan, and request a meeting of the Loan 5. The Loan Committee will work with you to determine amount and terms of loan. GEDC's goal is to provide attractive loan options to small and emerging businesses, to  business opportunity attachment B)  Committee (see attachment C)  encourage growth in and around Gunter, TX. GEDC Address: Gunter EDC, PO Box 37, Gunter TX, 75058  Current GEDCmembers on web site: www.ctlyofgunter.com under Economic Development    Attachment A  GEDC Revolving Loan Short Form    Gunter EDC Revolving Loan Application Form A (short form)  Applicant Name: [Your Name] Social Security #: [Social Security Number) Business Name: [Business Name] Taxi ID#: [Tax ID#ifApplicable) Street: [Street] City: [Gunter) State: [State] Zip: [Zip] Phone: [Phone] Loan Amount:  This space reserved for Gunter EDC use.  Business Description: [Type Business Description Here]  Target Customers (type and location): [Type Customer Info Here]  Prior Experience Including Currently or Previously Owned Business: [Type Business Information Here]  Number of Anticipated Employees: [Type #ofCurrent/Startup Employees Here]  Estimated Sales for Next' Year: [Type Estimated Annual Sales/Revenue Here]  Explain How Loan Will Help Your Business Grow: [Type Business Explanation Here]  Bys signing below, you give Gunter EDC permission1 to obtaina a credit report and are entering into thel loan application process.  Alli information will be kept confidential and will remain the property of the Gunter EDC.  Print Name: Signature:  Date:    Attachment B  Contactinformation for Dr. Karen Stidham, Director of Greyson County Small  Business Development Center  Grayson County College Small Business Development Center The Grayson County College Small Business Development Center offers one-stop assistance to individuals and small businesses by providing a wide variety ofi information and guidance. Small Business Development Centers are cooperative efforts of the private sector,  the educational community and federal, state and local governments.  About  Hosted by leading universities, colleges, and state economic development agencies, and funded in part through a partnership with the U.S. Small Business Administration, there are approximately 1,000 Small Business Development centers from coast-to-coast that offer no-cost  consulting and low-cost training. Contact information  Grayson County College Small Business Development Center  Director: Karen Stidam Address: 6101 Grayson Drive City: Denison State: Texas Zip: 75020 Phone: 903-463-8787 Fax: Email: stidnamkugrayson.eau    Attachment C  GEDC Revolving Loan-L Long Form    GEDC Revolving Loan Application- Long Form  Company! Information  New or Existing Company V/N Name/Description of the Company:  DUNS  Amount requested $. Years in Gunter, TX Percent Subject to Sales Tax  Current Annual Sales  Current. Annual Sales in Gunter  Projected Annual Sales Increase  Increase in Annual Sales in Gunter  Percent Subject to Sales Tax  Current Annual Facility Purchases  Percent Purchased in Gunter  Projected Increase in Facility Purchases  Percent Increase Purchased in Gunter  Purchases of Raw Materials from Local Manufacturers or Suppliers  SIC Code SIC Code Description Current Annual Purchases Projected Increase    SIC Code: Standard Industrial Classification code. The SIC manual is available if requested. Annual Sales in Gunter: Ifthe company does not have Gunter customers, enter "none". Annual Facility Purchases: Annual purchases of operating items such as office supplies, cleaning Purchase of Raw Materials from Local Manufacturers: Purchases of raw materials usedi in the  supplies, etc. that is subject to sales tax. manufacturing process that is nots subject to sales tax.  Current Number of Employees  Annual Payroll  New Employees Resultingi from Expansion  No. ofH Hourly Health Plan  Avg. Wage/Hour  No. ofSalaried Avg. Annual Salary  Employee Cost/Mo Family Coverage  Employee Cost/Mo  The following items must be attached to this application in order for the application to be A. Plat/map ofl Property, extending 500 ft. beyond property in all directions  complete. Please submit each item listed as a separate item. B. Detailed List of Improvements, including equipment. E.I Financial Reports for the Last Three Years G.A Application Fee $100.00 non-refundable  C.B Business Plan D. Current Financial Report F.Tax Certificate  INFORMATION FOR GOVERNMENT MONITORING PURPOSES  Thei following information isr requested byt the Federal Government for certain types of loans to monitor the lender's compliance with equal credit opportunity, fair disclosure laws. You arer not required tof furnish this information, but are encouraged to do SO. Thel law provides that al lender may discriminate neither on thel basis of this information, or on whether you choose toi furnish it. lfyouf furnish thei information, please provide both ethnicity andi race. For race, you may check more than one designation. Ify you dor not furnish ethnicity, race, or under Federal regulations, thisl lender isr required tor note tinei information on thel basis of visual observation or sex, surname. Ify you do not wish tot furnish thei information, please check thel box below. (Lender must review the above material to assuret thatt the disclosures satisfy all requirements to which thel lender is subject under  applicable statel lawf fort thep particular type of loan applied for.)    Borrower  Co-Borrower  Didon not wish tof furnisht thisi information  Didon not wish tof furnish this information  Ethnicity  Ethnicity  Hispanic or Latino ON Not Hispanic or Latino  D Hispanic or Latino Not Hispanic or Latino  D  Race  Race  DAmerican Indian or Alaskan Native  DAmerican Indian or Alaskan Native  Asian  DAsian  OB Black or African American  OBlack or African American  D Native Hawaiian or other Pacific American  ON Native Hawaiian or other Pacific American  OWhite  White  Sex  Sex Female D Male  Female J - Male  Tol be completed by Interviewer: Application taken by:  interviewer'si information:  Name and address of Interviewer's Employer:  OP Phone Name:. I1 Internet Signature: Mail Date: DFace-to-face Phone No.    Company Address State_  Zip.  Telephone Number Cell Phone  Fax Number e-mail Address  The foregoing statements concerning Borrower or Borrowers are true: and correct. This that has been duly executed and delivered, constitutes that these documents are and fairly represents the Borrower's financial condition as of  and application legal complete, ,201  Company Name  Authorized Signature-Title Authorized Signature-Title  Print Authorized Name  Application Submission Gunter Economic Development Corp.  Submit the completed application by mail ori in person to:  POI Box 37 Gunter, TX 75058  Phone:214-926-3704 (Jamie Penner)        REVOLVINGI LOAN FUND PLAN Rural Business Enterprise Grant Application Gunter Economic Development Corporation  The Gunter Economic Development Corporation (GEDC) (grantee). Revolving Loan Fund (RLF)s shall be operated under the guidance oft the following revolving loan fund plan. This Revolving Loan Fund Plan will not be amended or changed without prior written concurrence from Rural Development (grantor), an  Agency oft the USDA. 1. Use of grant funds:  Grant funds to be received by the grantee through the Rural Business Enterprise Grant will be used to establish a revolving loan fund (RLF). The RLF willl be used to provide program financial assistance to third parties within the guidelines ofthis revolving loan fund plan.  2, Sources of all non-grant funds:  No additional funds are being contributed to the RLF.  Applicants of the RLF willl be required to meet their financial needs from their own resources and commercial financial institutions whenever possible. The RLF will be used to finance applicant needs that cannot be met from the above resources. The RLF may finance 100% of an applicant's  needs if other resources are not available.  3. Amount oft technical assistance:  Technical assistance will be available from the grantee on an as-needed basis. The Grantee will also assist applicants to find other technical assistance resources that can provide the assistance  needed by the applicant.  4. Purpose and limitations of the loans made from the RLF:  a. Planned projects to be financed may include but not limited to:  Project/business to be assisted by the RLF program typically must be physically located in the City of Gunter and/or the Gunter ETJ. On a case by case basis, the Loan Committee may waive this requirement and provide loan funds to a business located outside the City of Gunter and/or Gunter ETJ ift the committee determines doing sO will have aj positive economic impact on the community to be assisted with ii. Acquisition and development ofland, easements, and rights-of-way. iri. Construction, conversion, enlargement, repairs or1 modernization of buildings (including façade repairs), plants, machinery, equipment, access streets and roads, parking areas, utilities, and pollution control and abatement facilities.  the RLF funds.    iv. Loans fors startup operating cost and working capital. V. Technical assistance for private business enterprises.  b. Limitations on loans from the RLF:  I RLF funds willi not be used to produce agriculture products through growing, cultivation, and harvesting either directly or through horizontally integrated livestock operations except for commercial nurseries, timber operations or limited agricultural ii. RLF: funds will not be used to finance comprehensive area-wide type planning. This does not preclude the use of grant funds for planning for a given project. iii. RLF funds will not be used to fund aj part ofay project which is dependent on other funding unless there is a firm commitment oft the other funding to ensure completion iv. Loans will not be made unless there is a1 reasonable prospect that the applicant meets the definition of"small and emerging private business enterprises" defined as "any private business that will employ 50 or fewer new employees and has less than $1 million in projected gross revenues". Ifthe grantor changes its definition of small and emerging business as defined by the Rural Business Enterprise Grant regulations, the grantee reserves the right to utilize the amended definition without further V. At least 51 percent ofthe outstanding interest in the applicant must be owned by those who are either citizens oft the United States or reside in the United States after vi. Applications by members oft the Loan Committee and their immediate family  production related to technical assistance projects.  ofthe project.  approval from the grantor.  being legally admitted for permanent residence. members shall bei ineligible: fori funding.  Other Lending criteria:  Loans to ber made from the RLF will not exceed the level of available funding in the RLF bank account. Loans made from the RLF typically will not be less than $2000. The Loan Committee may authorize loans smaller than the above values on a case by ii. Loans can be amortized over the lesser ofs seven years, or the life ofthe security. The ii. The interest rate will typically range from 2-5% and typically will not exceed prime rate by more than 1%. Thel Loan committee will determine the rate and willl keep iv. Security shall consist of the best lien available oni real estate, equipment, inventory, etc. The discounted value of the security (using typical lender discount rates) shall equal or exceed the value oft the loan. The Loan Committee may require personal V. There must be evidence presented by the applicant that indicates the RLF loan is vi. RLF loan funds will: not be used to pay off any previous debt. Refinancing vii. Ifthe business relocates outside oft the City of Gunter and/or Gunter ETJ, the Loan  case basis.  Loan committee shall determine the term. apprised of current economic conditions.  guarantees and/or co-signers.  necessary to make the proposed project feasible. construction financing is an exception to this rule. Committee may require immediate pay offo ofthe loan,    viii. The proposed project must bej presented to the Loan Committee by the prospective ix. Thel Loan Committee may require written feasibility studies, business plans, market X. A$100 application fees shall bes submitted with each application. Costs associated with processing the application (e.g. credit report fees, UCC and lien search fees, filing security documents, filing legal documents fees, etc.) shall be the responsibility oft the applicant. The Loan Committee may waive or amend this fee structure without  business owner or her/his representative. studies, etc. as appropriate for the business type.  further approval from the grantor.  5. Number ofj jobs to be created/saved with each project:  The grantee has a goal of creating or retaining at least one full time jobi for each $10,000 loaned from  thel RLF.  . Project priority and length of time involved in completion of each project:  Applications for all RLF funds will be accepted on a continual basis. Applicants who choose to apply ini times when inadequate funds exist for extending a loan will bei informed oft the lack of funds. Applications willl ber reviewed and funded (ife eligible) based on the following criteria: a. Applications with the greatest anticipated economic impact for the community shall receive greatest priority. Criteria to be considered in determining economic impact include number ofjobs created or saved, wage scale of employees, benefits paid to employees. b. Applications of equal economic impact will be funded in date order ofapplication. Ina accordançe with Federal law and U.S. Department of Agriculture policy, the Loan Committee will not discriminate on the basis oft race, color, national origin, sex, religion, age, d. The Loan Committee will be responsible for determining priorities of application to be funded. Eligibility of applicants will typically be determined within 30 days oft receipt ofa complete application. An application will be considered complete when all information necessary for the Loan Committee to make a decision has been received.  disability, or marital or family status.  7. Other Information:  RLF will be administered by al Loan Committee. Thel Loan committee shall be comprised ofno fewer than seven voting members plus the Economic Development Coordinator. The Economic One committee member shall be al lender from al local lendingi institution. The remaining six members shall bej persons who live within the City of Gunter or who live outside oft the City of Gunter but have an interest in the economic climate of the applicant RLF territory. Five persons oft the committee shall constitute a quorum necessary for approving or rejecting an application for  Development Coordinator shall not have voting privileges.    funding from the RLF. A simple majority (51%) ofmembers voting shall be necessary for The Chairperson oft the GEDC: and/or the Economic Development Coordinator shall be responsible for administrative requirements of the RLF. The chairperson may delegate these  approval.  responsibilities to other persons,  This Revolving Loan Fund Plan is submitted by the grantee. Upon approval by the grantor, the grantee agrees that no changes will be made to the Revolving Loan Fund Plan without prior written  approval by the grantor.  GUNTER ECONOMIC DEVELOPMENT CORPORATION (GRANTEE)  By:  (Signature)  (Title)  (Date)  This Revolving Loan Fund Plan is hereby approved by Rural Development Business and  Cooperative Programs  RURAL DEVELOPMENT BUSINESS & COOPERATIVE PROGRAMS  By:  (Signature)  (Title)  (Date)    ny O GUNERI EST.1901  EDCI MEETING October 3, 2024 6:00PM  AGENDA ITEM #6 EDC'simpact.  Discuss, consider, and act upon creation ofas series of Special Meetings to accelerate Gunter  AGENDA ITEM SUMMARY/BACKGROUND:  PRESENTED BY: Kristofer. Atkinson, President RECOMMENDATION: MIMANCIALIMPACT: N/A LEGAL: REVIEW: N/A  ATTACHMENTS: See Attachments    OA EST.1901  EDCMEETING October 3, 2024 6:00PM  GUNERI  AGENDA ITEM #7  Discuss, consider and act upon setting up a separate bank account for Gunter EDC.  AGENDA ITEM SUMMARY/BACKGROUND:  PRESENTED BY: Kristofer Atkinson, President RECOMMENDATION: FINANCIAL IMPACT: N/A. LEGAL: REVIEW: N/A  ATTACHMENTS: See Attachments