102201 EDA Min
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CITY OF SHOREWOOD
ECONOMIC DEVELOPMENT AUTHORITY MEETING
MONDAY, OCTOBER 22,2001
5755 COUNTRY CLUB ROAD
COUNCIL CHAMBERS
8:00 P.M. or immediately following
Regular meeting
MINUTES
1. CONVENE ECONOMIC DEVELOPMENT AUTHORITY MEETING
President Love called the meeting to order at 8:34 P.M.
A.
Roll Call
Present:
President Love; Commissioners Garfunkel, Lizee, Turgeon, and Zerby; Executive
Director Dawson; Assistant Director Nielsen; Assistant Treasurer Burton; and Attorney
Neal J. Blanchett, of Larkin, Hoffman, Daly, and Lindgren, Ltd. for Attorney Keane
Absent:
None
B.
Review Agenda
President Love reviewed the Agenda, and without objection from the Board, moved forward with the
meeting.
2. APPROVAL OF MINUTES
A.
EDA Minutes of October 8, 2001
Zerby moved, Turgeon seconded, approving the EDA Meeting Minutes of October 8, 2001, as
presented. Motion passed 5/0.
3. NEW BUSINESS
A. Reimbursement Resolution
Executive Director Dawson explained the City of Shorewood had expended funds, with City Council
approval, on behalf of the Excelsior Fire District Project. This action was undertaken with the intent that
the City would be reimbursed for these expenditures from the proceeds of the sale of bonds by the
Shorewood Economic Development Authority for this project next spring. As a result, this matter was
placed on this Agenda for review and consideration.
Garfunkel moved, Zerby seconded, adopting RESOLUTION NO. 01-001, "A Resolution Declaring
the Official Intent of the Shorewood Economic Development Authority to Reimburse Certain
Expenditures from the Proceeds of Bonds to be Issued by the Authority." Motion passed 5/0.
4. OTHER BUSINESS
There was no other business for consideration this evening.
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ECONOMIC DEVELOPMENT AUTHORITY
OCTOBER 22, 2001
Page 2 of 2
5.
ADJOURN
Zerby moved, Turgeon seconded, adjourning the October 22, 2001, Shorewood Economic
Development Authority Meeting at 8:35 P.M. Motion passed 5/0.
RESPECTFULLY SUBMITTED,
Sally Keefe,
Recording Secretary
Woody Love, President