030591 CC SP Min
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CITY OF SHOREWOOD
SPECIAL CITY COUNCIL MEETING
MONDAY, MARCH 4, 1991
(ADJOURNED SESSION HELD ON
MARCH 5, 1991)
COUNCIL CHAMBERS
5755 COUNTRY CLUB ROAD
PAGE 1
CALL TO ORDER
Mayor Brancel called the Adjourned Session of the Special City Council Meeting of March
4, 1991, to order at 5:40 p.m., on March 5, 1991.
, ROLL CALL
Present:
Mayor Brancel, Councilmembers Stover, Gagne, Lewis and Daugherty, City
Attorney Froberg, Acting City Administrator Nielsen and Finance Director
Rolek.
MODIFICATIONS TO WATERFORD T.I.F. PLAN (Continued from the March 4 Meeting)
RESOLUTION NO. 23-91
RESOLUTION NO. 24-91
. Jeremy Steiner and Randy Travalia appeared on behalf of Trivesco.
Lewis moved, Daugherty seconded to adjourn to an executive session to discuss the pending
litigation. Motion carried 5/0.
RECONVENE SPECIAL MEETING
Mayor Brancel reconvened the Special Council Meeting at 5:55 p.m.
Mayor Brancel announced that Trivesco had agreed to reduce the interest rate on the
proposed bond purchase from ten percent to nine percent.
Stover moved, Gagne seconded to adopt RESOLUTION NO. 23-91 "Resolution Approving
Contract for Tax Increment Finance Development By and Between the City of Shorewood,
Minnesota, and Trivesco, a Minnesota General Partnership".
Motion carried 4/1 (Lewis naye).
Stover moved, Gagne seconded to adopt RESOLUTION NO. 24-91 "Resolution Approving
Bond Purchase Agreement City of Shorewood Tax Increment Revenue Bonds - $920,000".
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Motion carried 4/1 (Lewis naye).
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CITY OF SHOREWOOD
SPECIAL COUNCIL MEETING
MARCH 4, 1991
(ADJOURNED SESSION HELD ON
MARCH 5, 1991)
COUNCIL CHAMBERS
5755 COUNTRY CLUB ROAD
PAGE 2
Gagne moved, Stover seconded to direct staff to continue with plans for the intersection,
upon receipt of the $99,000 deposit from Trivesco.
The Mayor then announced that the meeting would be moved to the conference room to
interview candidates for the position of City Administrator.
The following candidates were interviewed:
Carmen Kaplan
Mike Mornson
Donald Levens
Gagne moved, Stover seconded to adjourn the meeting to Wednesday, March 6, 1991 at 6:00
p.m. at which time the interview process would be continued.
Motion carried 5/0.
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