[PAGE 1] 226 Middle Avenue Elyria, OH 44035 5th Floor Phone: 440-328-2326 Fax: 440-328-2349 lcportauthority.org LORAIN COUNTY PORT AUTHORITY MINUTES: BOARD OF DIRECTORS’ SCHEDULED MEETING LOCATION: 530 S. Abbe Rd. Elyria, OH 44035 LCPA Complex – Entrance on the Southside of Building DAY/TIME: Wednesday January 28, 2026 at 6:30pm CALL TO ORDER: by Amy Richards – LCPA Chair Those in attendance were D. Gross, B. Lee, B. Nazario & J. Miller In attendance by phone: Not in attendance: J. Novak & N. Spataro LCPA Employee in attendance: Guests: C. Carr MINUTES: 1) Motion to Approve minutes from December 11, 2025, meeting, Gross made motion to approve, Lee Second, no further discussion, Board voted unanimously to accept. FINACIALS: 1) Review Financials a. Miller, you have the financials in front of you. If you take a look at the Profit and Loss section you will notice that we lost $748,000 last year which is representative of $396,388 of property taxes for the mall, $565,617 of expenses for the mall and we only received about $1,800 of rent for the mall. Discussion was had on the actual breakdown of expenses. Otherwise, most of our normal operating expenses were kept in line. [PAGE 2] 226 Middle Avenue Elyria, OH 44035 5th Floor Phone: 440-328-2326 Fax: 440-328-2349 lcportauthority.org 2) Approve 2026 Budget a. Miller, I have given you the 2024 Budget, 2025 Budget, 2025 Variance Actual to Budget & what I proposed for the 2026 Budget. The difference in the 2025 Budget and the Variance Actual Budget of 2025 was that we did not sell the mall. I have added to the 2026 Budget that we will sell the mall this year. Discussion was had on a few budget items. Nazario made motion to approve, Gross Second, no further discussion, Board voted unanimously to accept. STAFF REPORT: OLD BUSINESS: 1) Updates on a. Reaser Pointe Crossing b. Retreat at French Creek c. Emerald Event Center d. JFL e. Chester Road Project a. Miller gave a brief recap of each of the projects and the status of them. None of the projects at this point are in need of a motion. Once they are at that point a meeting will be called for a future date. NEW BUSINESS: 1) Approval of Resolution No. 2026-01 RESOLUTION NO. 2026-01 A RESOLUTION AUTHORIZING REMOTE WORK FOR EMPLOYEES OF THE LORAIN COUNTY PORT AUTHORITY a. Resolution was read by B. Nazario and a discussion was had Nazario made motion to approve, Richards Second, no further discussion, Board voted unanimously to accept. [PAGE 3] 226 Middle Avenue Elyria, OH 44035 5th Floor Phone: 440-328-2326 Fax: 440-328-2349 lcportauthority.org Gross made the motion to enter into Executive Session to discuss property disposition, economic development or personnel matters. Spataro Second Board voted through roll call Novak – Absent Gross – Aye Richards – Aye Nazario – Aye Lee – Aye Spataro – Absent EXECUTIVE SESSION: If needed for topics allowable under the Sunshine Law including real estate purchase/sales, litigation, or personnel matters. Action on items discussed in Executive Session if any 1) No Action needed Discussion was had about the Quarterly April 22, 2026, Board Meeting date. The Board Room will not be available on that date. Nicole will send out other date options closer to that day to see what date works for everyone. PUBLIC COMMENT: ADJOURN Lee moved to adjourn, Nazario Second, no further discussion, Board voted to unanimously accept. ____________________________ _________________________ Chair Secretary