COMMUNITY DEVELOPMENT AUTHORITY

REGULAR MEETING

MARCH 7, 2002

6:30 P.M.

The regular meeting of the Community Authority was called to order by Vice-Chairman Ken Jaeger at 6:30 p.m. with the following in attendance: Vice-chairman Ken Jaeger, Mayor Claude Lois, Mr. Bil Sherrer, Mr. Jim Peterson, Mr. Robert Miller, City Administrator David Torgler, Aldermen James Beardsley, Frank Cannella, John Ekes, Thomas Vos, Peter Hintz, RCEDC Representative Ms. Jenny Trick, Attorney Alan Marcuvitz, Attorney Scott Fleming, Attorney Kevin Lyons and Mr. Roger Murray. Jim Spiegelhoff arrived at 6:32 p.m. Ms. Lynn Gruenke was excused.

A motion was made by Mayor Lois to nominate Ken Jaeger as Chairman of the Community Development authority. Alderman Miller seconded the motion and with all in favor the motion carried.

A motion was made to close nominations for chairman by Alderman Miller. Mr. Jim Peterson seconded and with all in favor the motion carried.

A motion was made by Mayor Lois to elect Mr. Ken Jaeger as chairman. Alderman Robert Miller seconded the motion and with all in favor the motion carried.

A motion was made by Mayor Lois to approve the minutes of January 3 and January 22, 2002 meetings. Alderman Miller seconded the motion and with all in favor the motion carried and the minutes were approved.

None

A discussion was led by City Administrator David Torgler on the proposed new signage to replace the existing rectangular, brown "Chocolate City" signs currently in use. The members of the Chocolate Festival Committee requested fifty percent participation by the CDA at a shared cost of $3,706 for seven signs. A question was raised whether the signs should include population as many other municipalities include that information on their entrance signs. It was concluded that the population of an area is of interest to people passing through and could be included on a separate sign for the service clubs.

Mayor Lois made a motion to approve the fifty percent participation with Chocolate Festival Committee on the signage. Mr. Jim Spiegelhoff seconded the motion and on a roll call vote all were in favor.

Ms. Jenny Trick discussed the consideration of the revised financing package from the Racine County Economic Development Corporation Loan Committee regarding TID-RLF. Ms. Trick emphasized that there are no new changes in the agreement but it was only the use of different financing tools.

A motion was made by Mr. Bil Scherrer to approve the revised recommendations from the RCEDC Loan Committee regarding the TID-RLF. Alderman Miller seconded the motion and on a roll call vote all were in favor with Mayor Lois abstaining.

At 6:48 p.m. a motion was made by Alderman Robert Miller to adjourn into Executive Session closed per Wi. Stats. 19.85 (1)(e) deliberating or negotiating the purchase of public properties, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require a closed session. Mr. Bil Scherrer seconded the motion and with all in favor the motion carried.

At 8:27 p.m. Mayor Lois made a motion to reconvene into open session. Mr. Jim Spiegelhoff seconded the motion and on a roll call vote all were in favor and the motion carried.

Mayor Lois made a motion to order an appraisal for a not to exceed price of $300 for the property located at 140-142 East Jefferson Street. Mr. Jim Spiegelhoff seconded the motion and on a roll call vote all were in favor and the motion carried.

Mayor Lois made a motion to adjourn the meeting. Mr. Bil Scherrer seconded the motion and with all in favor the meeting adjourned at 8:30p.m.

Respectfully submitted,

Beverly R. Gill