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Chattanooga IDB elects officers, reviews quarterly finances and approves routine administrative measures
Summary
The Industrial Development Board elected new officers, accepted finance reports and approved several administrative items including a clerical wage correction, a request to return revolving‑loan funds and ratification of an easement.
The Industrial Development Board of the City of Chattanooga elected new officers at the start of its meeting, heard a quarterly finance report, and approved a series of administrative resolutions that staff described as clerical or routine.
Elections By voice vote the board elected Althea Jones as chair, Gordon Parker as vice chair, Jim Floyd as secretary and Nadia as assistant secretary. The votes were taken by voice nomination and second; no individual roll‑call tallies were recorded in the meeting transcript.
Quarterly finance report Eleanor Lu of the City of Chattanooga finance department presented the board’s quarterly finance summary. Lu reported a remaining fund balance across IDB economic development funds of about $2,200,000 and noted a recent transaction transferring roughly $588,000 from a previous CNE…
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