Amendment No 2 to PSA - Implement CDFI Friendly South Bend Contract Board and Additional Program Management - MPinsky, LLC dba Five Four Advisors

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II. Transition to Private Sector CFSB has already received the go ahead and encouragement from the new Mayor of the City of South Bend's to become a separate, private sector entity. Other related steps include finding an appropriate office space, and setting up email addresses, printing business cards, and other related tasks. Lead: Sonja; Secondary: Adina Timeframe: January to February 2020 III. Form the Initial Board of Directors CFSB will institutionalize the community input it received during the planning stages into the new corporate entity in the form of a Board of Directors and related committees. We anticipate a Board with nine to thirteen members and others serving on appropriate committees. We will develop a Board matrix to identify the skills and representations that would be most helpful to have represented on the Board of Directors. We anticipate recruiting a diverse and inclusionary group of people who represent the City Government, Investors, Community Leaders, and Business Stakeholders. They should include people with a variety of credit, fundraising, marketing, nonprofit management, and CDFI skills and experiences. On January 16th, we will convene a representative group of community leaders to recommend people to sit on the Board. Once we receive these names, we will hone the list to a manageable number of people who meet the requirements of the Board matrix and begin the recruiting process. The Mayor of South Bend will appoint the initial Board, and after that it will be self -appointing. Once the Board is recruited, we anticipate an initial meeting in February and then a meeting every other month. During this time we will also determine the appropriate committee structure, appoint Board Members to the committees, and begin the process of recruiting any other required committee members. Lead: Adina; Secondary: Sonja & Mark Timeframe: January to June 2020 IV. Continue to seek and receive funding and investments We will continue the process of seeking funding for both the CFSB Capital Enhancement Fund and for operations. We will meet with potential sources, draft required proposals, and have needed follow up conversations, leading to funding and investment commitments. This process began in early December, based on the proposed CFSB Business Plan. The goal is to raise $TK for the Capital Fund and $TK for operations. Lead: Mark; Secondary: Sonja Timeframe: Initial Effort January to March, ongoing effort April to June 2020 V. Brand, Communications, and Marketing In order to effectively communicate it's message of bringing new capital and technical resources to South bend, CFSB will need an effective brand, message, and communications plan. We will work with the Board to create and approve a dynamic look and feel for the company including name, logo, tagline, and messaging. We will develop an initial communications plan, and launch a social media effort. We will create a website that is flexible and can be edited and augmented by future staff. Lead (shared): Mark & Sonja