01/31/2023 ECONOMIC DEV AND INDUSTRIAL COMMITTEE Minutes

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Mashpee Economic Development Industrial Corporation (EDIC) Minutes — January 31, 2023 6:00 PM Ockway Meeting Room Mashpee Town Hall Present: Carol Sherman, Robyn Simmons, Pamela McCarthy, Patrice Pimental, Glenn Thompson Absent: Denise Dutson Guest: Rick Cayer, Julie Quintero-Schulz 1. Call Meeting to Order Carol Sherman opened the meeting at 6:01 p.m. 2. Approval of minutes • EDIC minutes of 11/29/2022; Patrice Pimental moved the committee approve the minutes, Glenn Thompson seconded, the committee approved. 3. Finance Report Robyn reported that the EDIC's regular checking account has a balance of$23,788.48, savings has a balance of$305,316.36, and the CD rolled over for another 17 months at a higher interest rate (3.93%). It was agreed to take $100,000 out of the money market account and put it into a CD. 4. Old Business Comprehensive Plan-Carol Sherman attended the meeting at the library last week. She was impressed; the firm went over the how they will compile the information and present it. 5. New Business Glenn Thompson moved the board vote to recommend Rick Cayer be appointed to the board; Patrice Pimental seconded. The board voted to recommend his appointment to the EDIC. Carol will present this to the Select Board. Insurance: Pamela McCarthy moved that the EDIC pay their annual premium for insurance; Robyn Simmons seconded, with a unanimous vote in favor. Speakers: Committee members discussed potential speakers/guests for upcoming meetings, including Open Cape, Buff Chace of Mashpee Commons, and the current chair of the Economic Development Committee of the Wampanoag Tribe. Carol will talk to David Weeden to find out who the current chair is (it was Winnie Johnson-Graham but may have changed). Julie Quintero-Schultz, Executive Director, Mashpee Chamber of Commerce: The new executive director of the chamber came to introduce herself and talk with the EDIC about ways the