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EDA MINUTES February 12, 2018 <br />DRAFT <br />DATE <br />TIME STARTED <br />TIME ENDED <br />MEMBERS PRESENT <br />MEMBERS ABSENT <br />OTHERS PRESENT: <br />: February 12, 2018 <br />. 6:15 p.m. <br />. 6:25 p.m. <br />: EDA Members Kusterman, Reinert, Rafferty, <br />Maher, Manthey <br />: None <br />: Community Development Director Michael <br />Grochala; City Clerk Julie Bartell <br />The meeting was called to order at 6:15 p.m. by EDA President Rafferty. <br />CONSIDERATION OF THE MINUTES OF DECEMBER 11, 2017 <br />Economic Development Authority (EDA) Member Reinert moved to approve the December 11, <br />2017 minutes as presented. EDA Member Manthey seconded the motion. Motion carried on a <br />voice vote; EDA Member Stoesz abstained from voting. <br />ACTION ITEMS <br />A. Consideration of 2018 Annual Appointments — Community Development Director <br />Grochala reviewed the written report. The council had reviewed appointment at their work <br />session on February 5. The following appointments were approved: <br />President — Michael Manthey <br />Vice President- Melissa Maher <br />Treasurer — Dale Stoesz <br />Appointments for the remaining positions were approved as indicated on the submitted staff <br />report. <br />EDA Member Maher moved to approve the annual appointments as presented. EDA Member <br />Manthey seconded the motion. Motion carried on a voice vote; EDA Member Stoesz abstained <br />from voting, noting his affiliation with US Bank, a depository listed. <br />B. Consider Resolution No. 18-01, Approving Assignment of Contract for Private <br />Development and TIF Note — Community Development Director Grochala recalled the 2016 <br />EDA action entering into a contract relative to construction of a facility in the city by United <br />Properties. There was a property acquisition and the acquirer is working on financing. The <br />financer is calling for this assignment of collateral. This action has been reviewed and approved <br />by the EDA's bond counsel. <br />EDA Member Maher moved to approve Resolution No. 18-01 as presented. EDA Member <br />Reinert seconded the motion. Motion carried on a voice vote. <br />C. 2017 Annual Report — Community Development Director Grochala explained that the <br />EDA is required to do an annual recap of its activities. He reviewed the written annual report. <br />1 <br />