Amendment to PSA - MPinsky dba Four Five Advisors - Implement CDFI Friendly City Model in SB

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be ready for operationalization by December 31, 2019, so that the community can create the legal entity, seat a founding Board of Directors, hire a key executive staff person, implement a financial management and reporting system, and start doing business in January 2020. That business will increase the flow of flexible and affordable financing from CDFIs and others in South Bend —and, perhaps, in a broader region —to benefit low-income, low -wealth, and other economically underserved people and communities. The effort will be organized with the guidance and active engagement of the full array of South Bend stakeholders —private and public, business and housing, local and regional, elected and voluntary, financial and non -financial. As with most successful community -engaged activities, this planning work will build on relationships developed since October 2018, as well as legacy community development work that has been underway in South Bend for many decades. The Five/Four Advisors Team Five/Four Advisors will do this work through its CDFI Friendly America team. That team will be led by Mark A. Pinsky, President of Five/Four Advisors, and by Adina Abramowitz, President of Consulting for Change. Both have decades of experience and expertise working with and around CDFIs and they will be the primary advisors to CDFI Friendly South Bend. Five/Four Advisors may support Pinsky and Abramowitz with other subject experts, as needed. Expenses Necessary expenses for this work, including travel, lodging, and reasonable incidental expenditures, will be billed for reimbursement in addition to per diem (or hourly) fees.