1995-19638-Minutes for Meeting April 19,1995 Recorded 6/6/19950146-1554
95_1%.38
Pt
EXCERPT FROM THE MINUTE
DESCHUTES COUNTY BOARD OF COMMISSN
April 19, 1995
Chair Slaughter called the meeting at 10:05 a.m. Board of County
Commissioners present were Barry H. Slaughter, Nancy Pope Schlangen
and Robert Nipper. Also in attendance were Bruce White, Assistant
County Counsel; Andy Crosby, Assistant County Counsel; Al Driver,
Solid Waste Director; Sue Stoneman, Community Relations Specialist;
James Lewis, Planner; Tim Schimke, Solid Waste Department; Michael
Maier, County Administrator; and George Read, Community Development
Director.
1. APPROVAL OF A BUSINESS LOAN TO VO2 MAX
Before the Board of County Commissioners was the approval of
a business loan to VO2 Max.
Susan Mayea reported this was a loan to VO2 Max, out of Loan
Fund #2, in the amount of $25,000. The company which was
operated out of the home designs and manufactures bicycle
pedal adapters for competitive multi -sport athletes. Sales
were approximately $35,000 and the owner has invested $40,000
in the company. The loan would be to fund production and
permanent capital needs. The county loan would be matched
with a new investment by the owner of $5,000 and private
financing of $25,000 provided by the mold maker on a five year
contract. County financing was necessary because private
financing was not available for the entire project.
There was concerned raised in regard to the home occupation
being in compliance with land use regulations. Susan reported
that the applicant did not have a conditional use permit for
a home occupation but would make application and comply with
all land use regulations.
SCHLANGEN: I move approval of the business loan to VO2
Max, subject to review by Community
Development.
NIPPER: I'll second it.
VOTE: SLAUGHTER: YES
SCHLANGEN: YES
NIPPER: YES <; r
ED, MEp
7 ���
0146-1555
DATED
this /0 H�
day
of
, 1995, by the
Board
of Commissioners
of
Deschute
County, Oregon.
i
Barry Ii. Slaughter, Phairman
Nancy Po a Schlangen, CommiSAioner
AT T:
1
Recording Secre ary RobOrt L. Nipper, Co ssioner