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Cohasset EDA tables loan-policy overhaul, approves reimbursements and meeting pay; restaurateur may apply for emergency loan
Summary
The Cohasset EDA voted Feb. 10 to table a revised Revolving Loan Fund policy until March, approved a $67.93 reimbursement and 2025 meeting pay, tabled a vice‑president reappointment until a full board is present, and allowed Florio’s Grill owner Sherry Floria to apply for an emergency loan despite the policy review.
The Cohasset Economic Development Authority on Feb. 10 moved several routine administrative items and deferred a policy overhaul to allow further staff consolidation and review.
EDA member Rod Heller moved to table a comprehensive draft of the Revolving Loan Fund (RLF) policy — described in the meeting as overly complex and stricter than typical bank offerings — until the March 2026 meeting so a smaller working group (Rod Heller, Ashley Craiglow and Barb) can condense and clarify the draft; Conrad Feldt seconded and the motion carried with Mitch Kellin absent. The board agreed Brian Bengston will review the consolidated draft after the working group completes its edits. Despite tabling the policy, the EDA agreed that local business owner Sherry Floria of Florio’s Grill and Tavern may submit an application for a loan to address urgent equipment issues; the specific loan amount, rates and limits were not specified and will be determined after the policy is finalized.
On routine financial matters, Rod Heller moved to reimburse the City of Cohasset $67.93 for a marketing‑related lunch with Nelson Wood Shims; Conrad Feldt seconded and the motion passed. Conrad Feldt then moved, and Rod Heller seconded, approval of EDA meeting pay for members for calendar year 2025; that motion also carried. The board tabled reappointment of the EDA vice president until all members — specifically Mitch Kellin — are present. Finally, the consent agenda, including January financials (unreconciled $583,692.97), December financials ($583,590.26), January loan recap and approval of the Jan. 6, 2026 EDA minutes, was approved by members present.
All motions recorded in the minutes passed by the assembled majority with Mitch Kellin noted as absent. The EDA adjourned at 5:41 p.m.; minutes were respectfully submitted by Abby Majewski.
