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01-27-25 CC EDA Mtg Agenda Packet ECONOMIC DEVELOPMENT AUTHORITY 5755 COUNTRY CLUB ROAD ANNUAL MEETING COUNCIL CHAMBERS MONDAY JANUARY 27, 2025 IMMEDIATELY FOLLOWING REGULAR MEETING AG ENDA 1.CONVENE ECONOMIC DEVELOPMENT AUTHORITY MEETING A.Roll Call President Labadie_____ Maddy _____ Sanschagrin _____ Gorham _____ DiGruttolo _____ B.Review and Approval of the Agenda 2.APPROVAL OF MINUTES A.EDA minutes of October 28, 2024 meetingMinutes 3.NEW BUSINESS A.Election of Officers - 2025 Executive Director Memo 4.ADJOURN EDA 2A CITY OF SHOREWOOD5755 COUNTRY CLUB ROAD ECONOMIC DEVELOPMENT AUTHORITYCOUNCIL CHAMBERS MONDAY, OCT 28, 20245:30 P.M. MINUTES 1.CONVENE ECONOMIC DEVELOPMENT AUTHORITYMEETING PresidentLabadiecalled the meeting to order at 5:30 P.M. A.Roll Call Present. President Labadie;CommissionersCallies,Maddy and Sanschagrin;Executive Director Nevinski; Assistant Treasurer Schmuck Absent:Commissioners Zerby B.Review Agenda Commissioner Maddymoved, Commissioner Calliesseconded, approving the agenda as presented. Motion passed. 2.APPROVAL OF MINUTES A.EDA Minutes of July 22, 2024meeting Commissioner Callies moved, Commissioner Sanschagrinseconded, approving the EDA minutes of the July22, 2024 meeting, as presented. Motion passed. 3.NEW BUSINESS A.Bylaws Update Executive Director Nevinski summarized the proposed changes to the bylaws, which included moving the annual meeting to the second Monday in January and removing specific meeting dates and times. Commissioner Calliesmoved to approve the updated bylaws., with Commissioner Callies as Vice-President, Commissioner Maddy as President Pro-Tem, and Commissioner Sanschagrin as Treasurer; andtodesignate authority to Finance Director Schmuck for the day-to-day tasks. . Commissioner Sanschagrinseconded the motion. Motion passed. CITY OF SHOREWOOD ECONOMIC DEVELOPMENT AUTHORITY MEETING MINUTES OCTOBER 28,2024 Page 2 of 2 B.Approve Declarations of Release – Public Safety Facilities Executive Director Nevinski summarized the EDA’s role in financing the East and West Side Fire and Police Facilities, the various documents and the action needed now that the bonds had been paid in full. He explained that by adopting the three resolutionsapproving the declarations of release the EDA would release its interests in the sites and facilities to the City of Shorewood (West Side Facility) and the City of Deephaven (East Side Facility). He noted the cities will be asked to approve similar resolutions releasing their interests to the South Lake Minnetonka Police Department and Excelsior Fire District. Commissioner Maddy moved to approve Resolutions EDA 24-1, 24-2, and 24-3. Commissioner Sanschagrin seconded the motion. Motion passed. 4.ADJOURN Commissioner Calliesmoved, Commissioner Maddyseconded, Adjourning the Economic Development AuthorityMeeting of October 28, 2024,at 5:45P.M. Motion passed. ATTEST: Jennifer Labadie,President Marc Nevinski, Executive Director EDA 3A Economic Development Authority Meeting Item Title/Subject: Election of Officers – 2025 Meeting Date: January 27, 2025 Prepared by: Marc Nevinski, Executive Director Attachments: None Background The Economic Development Authorityis required to meet annually,on the fourth Monday of January, if for no other reason, to appoint officers for the year. The City Council sits as the EDA Board of Commissioners. The bylaws identify certain positions from Council and staff to serve as EDA officers. Other officers are elected from among the EDA Board. The table below lists the positions filled in 2024 and the positionsthe Board may elect a member to in 2025, as indicated by the blank line. Officer 2024 2025 President Mayor Mayor Vice President Councilmember Callies President Pro-Tem Councilmember Maddy Treasurer Councilmember Sanschagrin Executive Director/Secretary City Administrator City Administrator Assistant Treasurer Finance Director Finance Director Assistant Executive Director Planning Director Planning Director The EDA should elect from among the board the positions of Vice Presidentand Treasurer.The President Pro-Tem does not need to be appointed at this time. An appointment could be made at such time by the Board if the President and Vice-Present are unavailable. The officerswill serve until the fourth Monday of January2026 when the EDA will elector reappointofficers. Financial Considerations None Action Requested Motion to approve the slate of officersfor 2025 as elected by the board. A majority vote by theBoardis required.