Chairman Ken Jaeger called the meeting to order at 5:30 p.m. with the following in attendance: Mr. Ken Jaeger; Mr. Jim Peterson, Mr. Bil Scherrer, Alderman Robert Miller, Mr. Claude Lois and Mr. Jim Spiegelhoff. Ms. Carol Anderson was excused. Also in attendance were City Administrator David Torgler, Ms. Francesca Bumpurs of RCEDC, Alderman Tom Vos, Alderman Peter Girolamo and Alderman John Ekes.

None.

APPROVAL OF MINUTES

Mr. Jim Peterson motioned and Mr. Jim Spiegelhoff seconded to approve the minutes of June 20, 2006. All were in favor and the motion carried.

Mr. Bil Scherrer moved and Mr. Jim Peterson seconded to adjourn into closed session per Wis. Stats 19.85(1)(e) Deliberating or negotiating the purchasing of public properties, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require a closed session for the purpose of discussing the conditions of the sale of the Expansion Site. All were in favor and the motion carried.

Mr. Bil Scherrer moved and Mr. Jim Spiegelhoff seconded to reconvene into open session. All were in favor and the motion carried.

None.

NEW BUSINESS

90. A resolution authorizing the CDA to sell the property commonly known as the "Expansion Site"

After a brief discussion, it was determined that a special meeting would be held on August 15, 2006 which would allow for some minor changes to be made to the development agreement. The resolution would then go forward for further consideration.

None.

ADJOURNMENT

Mr. Lois moved and Mr. Peterson seconded to adjourn the meeting. All were in favor and the motion carried.

Adjourned at 6:00 p.m.
Recording Secretary - Angela M. Hansen