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

None

None

Mr. Jim Spiegelhoff motioned and Mayor Claude Lois seconded to approve the minutes from the November 9, 2006 meeting. All were in favor and the motion carried.

None

A discussion was led by City Administrator David Torgler regarding a review of the financial resources available to support CDA projects. A memorandum and two spreadsheets had been provided from RCEDC which detailed the funds available in the TID escrow account and all the sources and uses of funds for the Commerce Street Project. A motion was made by Mayor Lois to approve the expenditures from the TID Escrow Account in the amount of $50,000 for supplemental funding of the HPC Façade Grant Program and to provide $100,000 for additional capitalization of the TID-RLF. Mr. Bil Scherrer seconded the motion and with all in favor the motion carried.

A motion was made by Mayor Claude Lois to adjourn into closed session per Wis. Stats. 19.85(1)(e) for 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. On a roll call vote all were in favor and the motion carried with the closed session beginning at 5:42 p.m.

A motion was made by Mr. Bil Scherrer to convene into open session. Mayor Claude Lois seconded the motion and with all in favor the motion carried with open session resuming at 5:50 p.m.

A motion was made by Mr. Bil Scherrer and seconded by Mr. Jim Spiegelhoff to sell 7,026 square feet of the Bel-Mur Site in the Rd-2 Zoning District to the adjacent property owner, Ms. Cassi Hoffman, 300 West Chestnut Street at $2.50/s.f. for an amount of $17,565.00 contingent upon her signing an agreement with the CDA to include an April 1, 2007 deadline relative to the clean-up of her existing property. On a roll call vote all were in favor of the sale and the motion carried. Ms. Cassi Hoffman stated that she had been in contact with the Building Inspector Mr. Patrick Scherrer regarding the proposed living quarters over the garage and she understood that this is allowable only if the structure is attached to the house.

Mr. Jim Spiegelhoff moved and Mayor Claude Lois seconded to adjourn the meeting. All were in favor, the motion carried and the meeting adjourned at 5:53p.m.

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Beverly R. Gill, City Clerk