COMMUNITY DEVELOPMENT AUTHORITY

SPECIAL MEETING

September 26, 2002

4:00 p.m.

Council Chambers

224 East Jefferson Street

A special meeting of the Community Development Authority was called to order by Chairman Ken Jaeger at 4:03 p.m. with the following in attendance: Mr. Ken Jaeger, Mayor Claude Lois, Alderman Robert Miller, Mr. Bil Scherrer, Mr. Jim Spiegelhoff, Mr. Jim Peterson, Alderman Frank Cannella, Alderman Tom Vos. Ms. Lynn Gruenke was excused. Jenny Trick of Racine County Economic Development Corporation and City Administrator. David Torgler arrived at 4:05. Mr. Jim Peterson left on a fire call at 4:10 p.m. and arrived back at 4:30 p.m.

None

Ms. Jenny Trick gave an explanation of the different resolutions before the authority regarding the distribution of Tax Incremental District Number Three Funds with respect to the prior determined funding priorities It was reiterated that nothing more can be added to the TIF after the deadline but time limits on the projects are not a consideration.

City Administrator David Torgler wanted a clarification of the funding for the Façade Grant Program. A payment of $33,000 is guaranteed but any payments beyond that are not and are dependent on the funding of other projects.

Mayor Lois discussed a proposal received from the Haylofter’s, a local theatre group. The group had expressed an interest in acquiring additional adjacent property to expand their operation.

The executive session was not held.

A motion was made by Mayor Lois to approve Resolution No. 56, a "Resolution Authorizing The Distribution Of Tax Incremental District No. 3 Funds With Respect To The Prior Determined Funding Priorities". Alderman Robert Miller seconded the motion and on a roll call vote all were in favor and the motion carried.

A motion was made by Mr. Bil Scherrer to approve Resolution No. 57, a "Resolution Authorizing The Distribution Of Tax Incremental District No. 3 Funds With Respect To The Prior Determined Funding Priorities". Mr. Jim Peterson seconded the motion and on a roll call vote all were in favor and the motion carried.

A motion was made by Mr. Jim Spiegelhoff to approve Resolution No. 58, a "Resolution Authorizing The Distribution Of Tax Incremental District No. 3 Funds With Respect To The Prior Determined Funding Priorities". Mayor Lois seconded the motion and on a roll call vote all were in favor and the motion carried.

A motion was made by Mr. Jim Peterson to approve Resolution No. 59, a "Resolution Authorizing The Distribution Of Tax Incremental District No. 3 Funds With Respect To The Prior Determined Funding Priorities". Mr. Bil Scherrer seconded the motion and on a roll call vote all were in favor and the motion carried.

A motion was made by Mayor Lois to approve Resolution No. 60, a "Resolution Authorizing The Distribution Of Tax Incremental District No. 3 Funds With Respect to The Prior Determined Funding Priorities". Mr. Jim Spiegelhoff seconded the motion and on a roll call vote all were in favor and the motion carried.

A motion was made by Mr. Bil Scherrer to approve Resolution No. 61, a "Resolution Authorizing The Distribution Of Tax Incremental District No. 3 Funds With Respect To The Prior Determined Funding Priorities". Mayor Lois seconded the motion and on a roll call vote all were in favor except Mr. Jim Peterson who voted against. With the majority in favor the motion carried.

A motion was made by Mr. Jim Spiegelhoff to approve Resolution No. 62, a "Resolution Authorizing The Distribution Of Tax Incremental District No. 3 Funds With Respect To The Prior Determined Funding Priorities". Mayor Lois seconded the motion and on a roll call vote all were in favor and the motion carried.

A motion was made by Mayor Lois to approve Resolution No. 63, a "Resolution Authorizing The Distribution Of Tax Incremental District No. 3 Funds With Respect To The Prior Determined Funding Priorities". Mr. Bil Scherrer seconded the motion and with all in favor the motion carried.

A motion was made by Mayor Lois to approve Resolution No. 64, a "Resolution Authorizing The Distribution Of Tax Incremental District No. 3 Funds With Respect to The Prior Determined Funding Priorities". Mr. Jim Spiegelhoff seconded the motion and with all in favor the motion carried.

A motion was made by Mayor Lois to approve Resolution No. 65, a "Resolution Authorizing The Distribution Of Tax Incremental District No. 3 Funds With Respect To The Prior Determined Funding Priorities". Mr. Jim Peterson seconded the motion and with all in favor the motion carried.

A motion was made by Mr. Bil Scherrer to approve Resolution No. 66, a "Resolution Authorizing The distribution Of Tax Incremental District No. 3 Funds with respect To the Prior Determined Funding Priorities" Mr. Jim Spiegelhoff seconded the motion and on a roll call vote with all in favor the motion carried.

A motion was made by Mayor Lois to approve Resolution No. 67, a "Resolution Authorizing The Distribution Of Tax Incremental District No. 3 Funds With respect To The Prior Determined Funding Priorities". Mr. Jim Spiegelhoff seconded the motion and on a roll call vote all voted in favor except Alderman Miller who voted against. With the majority in favor the motion carried.

A motion was made by Mayor Lois to approve Resolution No. 68, a "Resolution Authorizing The Distribution of Tax Incremental District No. 3 Funds With Respect To the Prior Determined Funding Priorities". Mr. Bil Scherrer seconded the motion and on a roll call vote all were in favor and the motion carried.

A motion was made by Mayor Lois to approve Resolution No. 69 a "Resolution Authorizing The Distribution Of Tax Incremental District No. 3 Funds with Respect To The Prior Determined Funding Priorities". Mr. Bil Scherrer seconded the motion and on a roll call vote all were in favor and the motion carried.

A motion was made by Mr. Jim Peterson to adjourn the meeting. Mr. Bil Scherrer seconded the motion and with all in favor the meeting adjourned at 6:40 p.m.

Respectfully submitted,

Beverly R. Gill

Recording Secretary