HomeMy WebLinkAbout05-02-2022 EDA PacketLINO LAKES
ECONOMIC DEVELOPMENT AUTHORITY
MEETING
Monday, May 2, 2022
5:30 P.M.
City Council Chambers
1. Call to Order and Roll Call
2. Consideration of Minutes of January 24, 2022
3. Discussion Items -
A) Closed session. Discuss offer and counter offer for the Sale of Property,
Lots 1-3, Block 2 and Outlots B & C, The Village No. 4.
4. Adjourn
EDA MINUTES
DRAFT
1
DATE : January 24, 2022
TIME STARTED : 7:00 p.m.
TIME ENDED : 7:08 p.m.
MEMBERS PRESENT : EDA Members Rafferty, Ruhland, Stoesz,
Cavegn
MEMBERS ABSENT : EDA President Lyden
OTHERS PRESENT : Community Development Director Michael
Grochala
The meeting was called to order at 7:00 p.m. by EDA Vice President Ruhland.
CONSIDERATION OF THE MINUTES OF OCTOBER 11, 2021
EDA Member Rafferty moved to approve the October 11, 2021 minutes as presented. EDA
Member Stoesz seconded the motion. Motion carried on a voice vote.
ACTION ITEMS
A. Consideration of 2022 Annual Appointments – Community Development Director
Grochala reviewed the written report. The following appointments were approved:
Position 2021 2022 Recommended
1. President Chris Lyden Michael Ruhland
2. Vice President Michael Ruhland Tony Cavegn
3. Treasurer Tony Cavegn Rob Rafferty
4. Secretary Community Development
Director
Community Development Director
5. Assistant Treasurer Finance Director Finance Director
6. Executive Director City Administrator City Administrator
7. Official Newspaper Quad Community Press Quad Community Press
8. Legal Depositories
First Resource Bank
LMC 4M Fund
Wells Fargo Securities
Wells Fargo Advisors
US Bank
RBC Capital Markets
Moreton Capital Markets
F&M Bank
Others as needed
First Resource Bank
LMC 4M Fund
PMA Financial Networks
PMA Securities
Moreton Capital Markets
US Bank
9. Legal Services Kennedy & Graven,
Rupp, Anderson, Squires &
Waldspurger
Kennedy & Graven,
Rupp, Anderson, Squires &
Waldspurger
EDA MINUTES
DRAFT
2
EDA Member Stoesz noted that he is employed by US Bank and is stating so because that
company is listed as a depository for the EDA.
EDA Member Cavegn moved to approve the EDA appointments as presented. EDA Member
Rafferty seconded the motion. Motion carried on a voice vote.
B. 2021 Annual Report – Community Development Director Grochala explained that the
EDA is required to do an annual recap of its activities. He reviewed the written annual report
(on file). There are no proposed modifications to the EDA enabling resolution.
EDA Member Rafferty asked if Lyngblomston is included and Mr. Grochala said no.
EDA Member Rafferty moved to approve the annual report as presented. EDA Member Stoesz
seconded the motion. Motion carried on a voice vote.
ADJOURNMENT
There being no further business for consideration, the meeting was adjourned at 7:08 p.m.