EDA 05-28-19 Agenda Packet
ECONOMIC DEVELOPMENT AUTHORITY MEETING 5755 COUNTRY CLUB ROAD
TUESDAY MAY 28, 2019 COUNCIL CHAMBERS
IMMEDIATELY FOLLOWING
CITY COUNCIL MEETING
AGENDA
1. CONVENE ECONOMIC DEVELOPMENT AUTHORITY MEETING
A. Roll Call
President Zerby _____
Labadie _____
Siakel _____
Sundberg _____
Johnson_____
B. Review Agenda
2. APPROVAL OF MINUTES
A. EDA minutes of April 24, 2017 meeting Minutes
3. NEW BUSINESS
A. Approve 2019 Officer appointments
B. Purchase Agreement for 5965 Grant Street Resolution 19-01
4. ADJOURN
2A
CITY OF SHOREWOOD 5755 COUNTRY CLUB ROAD
ECONOMIC DEVELOPMENT AUTHORITY MEETING COUNCIL CHAMBERS
MONDAY, APRIL 24, 2017 Immediately following Regular City
Council Meeting
MINUTES
1. CONVENE ECONOMIC DEVELOPMENT AUTHORITY MEETING
President Zerby called the meeting to order at 9:28 P.M.
A. Roll Call
Present. President Zerby; Boardmembers Johnson, Labadie, and Siakel; Executive
Director/Secretary Lerud; and, Attorney Keane
Absent: Boardmember Sundberg
B. Review Agenda
Johnson moved, Labadie seconded, approving the agenda as presented. Motion passed 4/0.
2. APPROVAL OF MINUTES
A. EDA Minutes of July 14, 2016
Siakel moved, Labadie seconded, approving the EDA Meeting Minutes of July 14, 2016, as
presented. Motion passed 3/0/1 with Johnson abstaining because he was not on the EDA Board then.
B. EDA Minutes of March 20, 2017
Zerby moved, Siakel seconded, approving the EDA Meeting Minutes of March 20, 2017, as
presented. Motion passed 4/0.
3. REFUNDING 2008 LEASE REVENUE BONDS SERIES 2008A
Administrator Lerud noted the Shorewood Council discussed this item during its meeting just before this
meeting (as detailed in the minutes of that meeting).
Siakel moved, Zerby seconded, Adopting RESOLUTION NO. 17-002, “A Resolution of the Board of
Commissioners of the Shorewood Economic Development Authority Authorizing the Issuance and
Sale of the Authority’s Public Project Lease Revenue Refunding Bonds, Series 2017A (the “Bonds”)
to the Purchaser Thereof; Determining the Form and Details of Such Bonds; Authorizing the
Execution, Delivery, and Registration of Such Bonds; Providing for the Payment of and the Security
for Such Bonds; Authorizing the Execution and Delivery of Documents Related to Lease and the
Bonds; and, Authorizing and Ratifying Certain Other Documents and Actions in Connection
Therewih.” Motion passed 4/0.
4. ADJOURN
CITY OF SHOREWOOD ECONOMIC DEVELOPMENT AUTHORITY MEETING
April 24, 2017
Page 2 of 2
Labadie moved, Siakel seconded, Adjourning the Shorewood Economic Development Authority
Meeting of April 24, 2017, at 9:30 P.M. Motion passed 4/0.
RESPECTFULLY SUBMITTED,
Christine Freeman, Recorder
Scott Zerby, President
ATTEST:
Greg Lerud, Executive Director
#3A
SHOREWOOD ECONOMIC DEVELOPMENT AUTHORITY
5755 Country Club Road
Shorewood, MN 55331
MEMORANDUM
MEETING DATE: May 28, 2019
TO: EDA Board of Commissioners
FROM: Greg Lerud, Executive Director
RE: Selection of Officers
The Shorewood Economic Development Authority (EDA) bylaws require an annual selection of officers.
The bylaws state that the Mayor of Shorewood shall be the EDA President, and the City Administrator
shall be the Executive Director/secretary. Additional office designations are the City’s Director of
Finance to be the EDA Assistant Treasurer, and the City’s Director of Planning shall be the EDA Assistant
Executive Director. The positions of Vice President, Treasurer, and President Pro-tem need to be
appointed. The current slate of officers is:
President – Scott Zerby
Vice President – Jennifer Labadie
President Pro-Tem – Kristine Sundberg
Treasurer – Debbie Siakel
Executive Director/Secretary – City Administrator
Assistant Treasurer – Finance Director
Assistant Executive Director – Planning Director
The council must determine if there are to be changes to the Vice President, President Pro-tem, and
Treasure positions before making 2019 appointments.
#3B
SHOREWOOD ECONOMIC DEVELOPMENT AUTHORITY
5755 Country Club Road
Shorewood, MN 55331
MEMORANDUM
MEETING DATE: May 28, 2019
TO: EDA Board of Commissioners
FROM: Greg Lerud, Executive Director
RE: Selection of Officers
ATTACHMENTS: Resolution and Conditional Purchase Agreement
Staff has negotiated a purchase of the property at 5965 Grant Street in order to provide for the
construction of a storm water pond to help provide rate and volume control from the Grant Street, Park
Street and surrounding area. Staff recommends approving the purchase agreement as it is presented.
SHOREWOOD ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 19-01
RESOLUTION APPROVING PURCHASE AGREEMENT FOR THE PROPERTY LOCATED
AT 5965 GRANT STREET
WHEREAS, the City of Shorewood has been looking at storm water alternatives for the Grant Street/Park
Street area in the city; and,
WHEREAS, those options were presented to the Shorewood City Council on September 24, 2018; and,
WHEREAS, the City Council directed city staff to research the alternatives; and
WHEREAS, City staff identified a parcel that meets the rate and control demands for storm water from
this area, and has negotiated a conditional purchase agreement for the parcel,
NOW THEREFORE BE IT RESOLVED by the Shorewood Economic Development Authority:
1.Finds that this purchase is in the best interests of the economic development authority and the
city.
2.Approves the purchase of the property located at 5965 Grant Street, pursuant to the terms of
the agreement hereby attached to this Resolution.
3.Authorizes Scott Zerby, and Greg Lerud, President and Executive Director, respectively, of the
Shorewood Economic Development Authority, to sign any documents and undertake those
steps necessary to complete the purchase of the property.
th
Adopted this 28 day of May, 2019.
______________________________
Scott Zerby, EDA President
ATTEST
____________________________
Greg Lerud, EDA Executive Director