COMMUNITY DEVELOPMENT AUTHORITY

REGULAR MEETING

SEPTEMBER 5, 2002

COUNCIL CHAMBERS

224 EAST JEFFERSON STREET

The regular meeting of the Community Development Authority was called to order by Chairman Ken Jaeger at 5:00 p.m. with the following in attendance: Chairman Ken Jaeger, Mayor Claude Lois, Mr. Bil Scherrer, Mr. Jim Spiegelhoff, Mr. Robert Miller and Mr.Jim Peterson. Ms. Lynn Gruenke arrived at 5:15 p.m. Also in attendance were City Administrator David Torgler, Alderman Tom Vos, Alderman Frank Cannella, Alderman John Ekes, Attorney Alan Marcuvitz and Ms. Jenny Trick of Racine Economic Development Corporation. Mr. Bryce Styza of Harmony Homes, Mr. Mike Brown and an associate of MSI General arrived after the closed session.

A motion was made by Mr. Robert Miller at 5:02 p.m. 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. Jim Peterson seconded the motion and on a roll call vote all were in favor and the motion carried.

At 5:29 p.m. a motion was made by Mr. Bill Scherrer and seconded by Mayor Claude Lois to reconvene into open session and on a roll call vote all were in favor and the motion carried.

A motion was made by Mayor Lois to approve the minutes of the August 8, 2002 meeting. Mr. Jim Peterson seconded and with all in favor the motion carried.

None

A motion was made by Mayor Claude Lois and seconded by Mr. Jim Spiegelhoff to approve the request for the land transfer from Burlington Boardwalk LLC to Silvernail Woods LLC in keeping with the draft agreement attached to tonight’s minutes and authorization is granted to council and officers of the CDA to revise the agreement to incorporate the exhibit that is also being attached to tonight’s meeting. On a roll call vote, all were in favor and the motion carried.

A motion was made by Mayor Lois and seconded by Mr. Bil Scherrer to approve the concept of the Jefferson Street Parcel Development. All were in favor and the motion carried

A review was made of the current and proposed Project List relating to TID 3.

A motion was made by Mr. Jim Peterson and seconded by Mr. Jim Spiegelhoff to approve the deposit of the remaining funds with the TID #3 Account within an Escrow Account to fund the approved project list. All were in favor and the motion carried.

No action was taken on the WE Environmental Remediation Efforts and the potential request for temporary use of the adjacent site.

A motion was made by Mayor Lois and seconded by Mr. Robert Miller to request the Park Board to oversee the Riverfront Park activities on behalf of the Community Development Authority. All were in favor and the motion carried.

Mr. Robert Miller made a motion to adjourn the meeting and Mr. Bil Scherrer seconded the motion. With all in favor the motion carried and the meeting adjourned at 6:35. P.m.

Respectfully submitted,

Beverly R. Gill

Clerk

City of Burlington