041603 EDA Min
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CITY OF SHOREWOOD
ECONOMIC DEVELOPMENT AUTHORITY MEETING
WEDNESDAY, APRIL 16,2003
5755 COUNTRY CLUB ROAD
COUNCIL CHAMBERS
TIME: Immediately following
City Council Meeting
MINUTES
1. CONVENE ECONOMIC DEVELOPMENT AUTHORITY MEETING
President Love called the meeting to order at 6: 18 P.M.
A.
Roll Call
Present:
President Love; Commissioners Lizee, Turgeon, and Zerby; Executive Director Dawson;
Assistant Treasurer Burton; General Counsel Tim Keane, Financial Consultant Paul
Donna, Northland Securities; Bond Counsel Steven J. Bubul, Kennedy and Graven
Absent:
Commissioner Garfunkel (due to illness)
B.
Review Agenda
Without objection from the Board, President Love proceeded with the Agenda for the evening.
2. APPROVAL OF MINUTES
A.
EDA Minutes of March 28, 2003
Zerby moved, Turgeon seconded, Approving the EDA Meeting Minutes of March 28, 2003, as
presented. Motion passed 4/0.
3. NEW BUSINESS
A. Approve Resolutions for Bond Indenture
Lizee moved, Turgeon seconded, Approving RESOLUTION NO. 03-002 Awarding the Sale of
Public Safety Fire Facility Lease Revenue Bonds, Series 2003A (City of Shorewood, Minnesota
Lease Obligation). Motion passed 4/0.
Zerby moved, Turgeon seconded, Approving RESOLUTION NO. 03-003 Awarding the Sale of
Public Safety Police Facility Lease Revenue Bonds, Series 2003B (City of Shorewood, Minnesota
Lease Obligation). Motion passed 4/0.
4. OTHER BUSINESS
Boardmember Zerby asked what major actions remained for the EDA. Executive Director Dawson
indicated only major action remaining is to award construction contracts for the East side station. This
meeting is likely to occur in late Mayor early June.
Executive Director Dawson complimented Mr. Bubul and Mr. Donna on their hard work in quickly
putting together the numerous documents necessary for the financing.
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ECONOMIC DEVELOPMENT AUTHORITY MEETING
April 16, 2003
Page 2 of2
5.
ADJOURN
Zerby moved, Turgeon seconded, Adjourning the EDA Meeting of March 25, 2003, at 6:23 P.M.
RESPECTFULL Y SUBMITTED,
Jean Panchyshyn
Recording Secretary
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Woody Love, President