COMMUNITY DEVELOPMENT AUTHORITY

REGULAR MEETING

JANUARY 3, 2002

6:30 P.M.

The meeting of the Community Development Authority was called to order by Vice-Chairman Ken Jaeger at 6:31 p.m. with the following in attendance: Vice-Chairman Ken Jaeger, Mayor Claude Lois, Aldermanic Representative Robert Miller, Ms. Lynn Greunke, Mr. Jim Spiegelhoff, City Admininistrator David Torgler, RCEDC Representative Jenny Trick. Audience: Ms. Judith Schulz arrived at 6:40 p.m.

It was announced that Mr. Jack Eckola had resigned effective immediately and his vacancy would be addressed at the next meeting.

A motion was made by Mayor Lois to approve the minutes with corrections. Alderman Miller seconded the motion and all were in favor and motion carried.

None

A discussion was held on the proposed amendment to policies and procedures manual regarding the Burlington TID-RLF program. It was explained by Ms. Jenny Trick that the only real change was that the maximum loan size would be increased from $50,000 to $100,000 which is a more realistic amount.

There was no discussion regarding the potential TID #3 Projects. City Administrator David Torgler stated this would be addressed at a later date.

A review of Riverfront Redevelopment Project Activity Reports was discussed and thought to be a good idea for the CDA as these reports are already being provided to city council.

Mayor Lois made a motion to approve Resolution No. 55 Approving Contract Change Order Number One with Rewald Electric Company. Ms. Gruenke seconded and with all in favor the motion carried.

A special meeting will be held on Tuesday, January 22^nd, 2002 at 5:30 p.m. in the council chambers. Mr. Jim Spiegelhoff announced he would be out of town but the remaining members stated they would be in attendance.

Aldermanic Representative Miller made a motion to adjourn the meeting. Ms. Lynn Greunke seconded the motion and at 6:54 p.m. the meeting was adjourned with all in favor.

Respectfully submitted,

Beverly R. Gill