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TCC Minutes - October 2019

Technology Commercialization Committee

Special Meeting Minutes

Iowa Economic Development Authority

200 East Grand Avenue

Des Moines, Iowa

October 15, 2019

11:00 a.m.

COMMITTEE MEMBERS PRESENT VIA TELEPHONE:

Kathy Zehr

Pankaj Monga

Emily Harris

Davin Hills

Hank Norem

OTHERS PRESENT:

Rita Grimm, IEDA

Kerri Yost, IEDA

Katie Rockey, IEDA

Paul Stueckradt, IEDA

Gail Kotval, IEDA

Call to Order

TCC Chair Kathy Zehr called to order the Special Meeting of the Technology Commercialization Committee (TCC) of the Iowa Economic Development Authority at 11:02 a.m.  A quorum of the TCC was established with the following members present: Emily Harris, Pankaj Monga, Kathy Zehr, Hank Norem, and Davin Hills.

Public Comment

No comments were made.

 

Closed Session

MOTION:

Davin Hills moved that the TCC go into closed session at 11:03 a.m. pursuant to Iowa Code sections 21.5(1)a, 15.118, 22.7.3, and 22.7.6 to review and discuss records IEDA is required to treat as confidential under Iowa law.  The motion was seconded by Emily Harris.  Roll call vote was taken.  Motion carried unanimously.

TCC members present for closed session – Pankaj Monga, Hank Norem, Emily Harris, Davin Hills, and Kathy Zehr. Others present during closed session:  IEDA - Rita Grimm, Katie Rockey, Paul Stueckradt, Gail Kotval, and Kerri Yost

The TCC called Doug Strawn, Steve L’Heureux and Dwight Steward of Igor at 11:11 a.m. and ended the call at 11:20 a.m.

Hank Norem disclosed that he has a conflict of interest necessitating that he recuse himself from discussion and action regarding the request by Ag Manufacturing and Technology and exited the meeting at 11:25 p.m.  A copy of the notice of conflict is attached to these minutes.

Open Session

MOTION: Davin Hills moved that the TCC go back into open session at 11:34 a.m., seconded by Pankaj Monga.  Hank Norem was not present when the vote was taken.  Motion carried unanimously of all members present.

Ag Manufacturing and Technology – Prole

MOTION: Davin Hills moved that the TCC recommend that the Iowa Economic Development Authority Board approve the request that IEDA subordinate its senior UCC-1 security position to West Bank, seconded by Pankaj Monga.  Hank Norem was not present when the vote was taken.  Motion carried unanimously of all members present.

Hank Norem returned to the meeting via telephone.

Igor – Johnston

MOTION: Hank Norem moved that the TCC recommend that the Iowa Economic Development Authority Board approve the request that IEDA subordinate its UCC-1 security position to Farmers and Merchants State Bank, seconded by Emily Harris.  Roll call vote was taken.  Motion carried unanimously.

Next Meeting

The next meeting of the Technology Commercialization Committee is scheduled for November 7, 2019 at 9:30 a.m.

Adjournment

There being no further business at the meeting of the Technology Commercialization Committee, meeting adjourned at 11:38 a.m.

Respectfully submitted,

Kerri Yost, Board Secretary

            ________________________

            Gail Kotval                                                 

            ____________________________

            Kathy Zehr

                    Board Administrator                                         TCC Chair

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