Industrial Development Commission Meeting Minutes from 3/2/09

Minutes of the Industrial Development Commission meeting held on Monday, March 2nd, 2009 at city hall pursuant to notice duly given.

1. Meeting called to order by acting Chairperson Ken DePouw at 8:09 a.m.
2. Roll call: Joe Stiloski, Howard Schaden, Wayne Bostwick, Vern Panske and Ken DePouw. Absent: Dick Doeren and Mike Trepanier. Also present: Jack Maas advisory member, Mayor Nerenhausen and Linda Belongia Administrator and as recording secretary.
3. Moved by Panske seconded by Stiloski to approve of the agenda as presented.
Motion carried upon verbal voice vote. 5 ayes
4. No correspondence or public input
5. Acting Chairperson DePouw stated the commission may vote to convene into closed session pursuant to notice duly given and as allowed by Wis. Stats. 19.85(1)(e) and (g) for discussion on RLF # 05-02 and RLF # 08-01.
Moved by Bostwick seconded by Schaden to convene into closed session at 8:10 a.m.
Motion carried upon verbal roll call vote. 5 ayes

Also included in the Closed Session were Mayor Nerenhausen and Jack Maas.

Closed Session

6. Moved by Stiloski seconded by Bostwick to reconvene into Open Session at 9:03 a.m.
Motion carried upon verbal voice vote. 5 ayes

7. Moved by Stiloski seconded by Schaden to recommend to Council subject to approval of Atty. Mraz to refinance RLF #05-02 effective March 2009; adding to current loan balance interest due from last payment made for new amt of loan to be financed; and then April – Sept will be interest only;
Motion carried upon verbal voice vote. 5 ayes

8. Next meeting, Wed., March 25th, 2009 at 8:00 a.m.

9. Moved by Schaden seconded by Panske to adjourn. M/C

Meeting adjourned at 9:05 a.m.

Minutes submitted by
Linda M. Belongia,
Administrator