01-24-11 EDA MinutesCITY OF SHOREWOOD 5755 COUNTRY CLUB ROAD
ECONOMIC DEVELOPMENT AUTHORITY MEETING COUNCIL CHAMBERS
MONDAY, JANUARY 24, 2011 Immediately Following
Regular City Council Meeting
MINUTES
1. CONVENE ECONOMIC DEVELOPMENT AUTHORITY MEETING
President Lizee called the meeting to order at 9:27 P.M.
A. Roll Call
Present. President Lizee; Boardmembers Hotvet, Siakel, Woodruff and Zerby; Executive
Director /Secretary Heck; Assistant Treasurer DeJong; and, Assistant Executive Director
Nielsen
Absent: None
B. Review Agenda
Woodruff moved, Siakel seconded, approving the agenda as presented. Motion passed 5/0
2. APPROVAL OF MINUTES
A. EDA Minutes of July 26, 2010
Zerby moved, Woodruff seconded, approving the EDA Meeting Minutes of July 26, 2010, as
presented. Motion passed 5/0.
3. NEW BUSINESS
A. Selection of Officers
Mayor Lizee explained the President of the Shorewood Economic Development Authority (EDA) must
be the Mayor of Shorewood. She also explained that it has been past practice to have the Acting Mayor
serve as the EDA Vice President, noting Scott Zerby had been appointed to the position of Acting Mayor.
She suggested Zerby be appointed to the position of Vice President. She asked EDA Treasurer Woodruff
if he would like to continue in his current capacity. Treasurer Woodruff stated he wanted to relinquish
that position to either Boardmember Hotvet or Boardmember Siakel. Siakel expressed her willingness to
assume the position of Treasurer.
Zerby moved, Hotvet seconded, approving the Economic Development Authority Officer
appointments of:
President — Christine Lizee
Vice President— Scott Zerby
Treasurer — Debbie Siakel
Executive Director /Secretary — Brian Heck
CITY OF SHOREWOOD ECONOMIC DEVELOPMENT AUTHROITY MEETING
January 24, 2011
Page 2 of 2
Assistant Treasurer — Bruce DeJong
Assistant Executive Director— Brad Nielsen
Motion passed 5/0.
B. Authorize Wire Transfers for Bond Payments
Assistant Treasurer DeJong explained the EDA has three invoices that need to be paid by February 1,
2011, for the Public Safety Refunding Bonds. He stated Staff is asking Council to authorize Staff to
process these payments for this year and all other future bond payments by wire transfer rather than
check.
Woodruff moved, Siakel seconded, Adopting RESOLUTION NO. 11 -001 "A Resolution
Authorizing Wire Transfers for Bond Payments." Motion passed 5/0.
4. ADJOURN
Woodruff moved, Zerby seconded, Adjourning the Shorewood Economic Development Authority
Meeting of January 24, 2011, at 9:31 P.M. Motion passed 510.
RESPECTFULLY SUBMITTED
Christine Freeman, Recorder
ATTEST
Christine Lizee, President
Director