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financials to be done by Commissioners Brian Nelson and Tim Corman. Upon their <br /> inspection and approval submitted to President Gutzwiller a Memorandum of <br /> Understanding shall be drafted following the terms of the motion set out above. In the PPP <br /> event of non-compliance,pay back will include 7%interest from the due date. <br /> Commissioner Corman seconded the motion and the motion was approved by a vote of 5- <br /> 0. <br /> Old Business: Attorney Currens announced Jason Semler at Umbaugh was doing annual <br /> reports for the Redevelopment Commission. Commissioner Gutzwiller reported purchase <br /> agreements were still pending with Indy Tractor. <br /> There being no further business to come before the Commission at this time,the meeting <br /> was adjourned. <br /> Chairman <br /> ATTEST: <br /> Secretary <br /> ii <br />