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Board approves minutes, financials and payments; bank signers updated to add Mayor Diana Palmer

Greater Small Business Development Corporation meeting · February 13, 2026
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Summary

The board approved the Jan. 8 minutes, the financial report for Jan. 31, 2026, payment of $3,587.13 in bills, and authorized removal of former Mayor Bill Collins from accounts and addition of Mayor Diana Palmer as a signer.

The board approved routine administrative actions including minutes, the monthly financial report and payment of bills, and updated bank account signers.

Speaker 2 presented the Jan. 8 minutes and called for a motion; the board approved the minutes by voice vote with no noted nays or abstentions. Speaker 1 summarized the financial report for the month ending Jan. 31, 2026, saying activity was minimal with nominal interest and a $300 agency fee related to a Bonaccio administrative charge. Speaker 2 moved to approve the financial report and the motion was seconded and approved.

On payment of bills, Speaker 2 reviewed six items including Mark Toomey, Fitzgerald Morris Baker, two Charter Communications invoices and a four-month bill for 1822 Ridge Street; the total amount to be paid was $3,587.13. A motion to approve payment of bills was moved, seconded and carried unanimously. Speaker 2 said the payments would be posted and paid.

The board also reported work with the bank to update signatures. Speaker 2 said former Mayor Bill Collins' name has been removed from accounts and current Mayor Diana Palmer is being added; the documents are in process and expected to be completed this week. In a separate Greater Small Business Development Corporation segment, Speaker 3 introduced and the board approved a resolution to remove former Mayor Bill Collins and add Mayor Diana Palmer as a check signer.

Next steps: staff will post the financial reports, complete the bank signature updates, and process the approved payments.