HomeMy WebLinkAboutIndustrial Development Agency - Minutes - 11/13/2007Minutes of the
Bayfield County Industrial Development Agency Meeting
3:00 PM, November 13, 2007
Emergency Operations Center, Washburn, WI
Members Present: Brett Rondeau, Bill Kacvinsky, Bill DeVries, Otto Rusch, Mark Abeles-
Allison
Members Excused: Marian Vaughn, Dan Anderson
Others Present: Kris Kavajecz-Confidential Secretary
Meeting called to order at 3:00pm by Abeles-Allison.
Abeles-Allison explained the purpose of the Industrial Development Agency, which was formed
to provide a mechanism for funding of the Bayfield Business Park. Monies will be loaned to the
Development Agency, which will in turn be loaned to the Business locating at the park.
Bussey explained that the Industrial Development Agency paperwork has not been filed with the
state, so action taken at this meeting will need to be ratified once notification is received from the
state.
Motion by Rondeau, Bussey to nominate Bill Kacvinsky as President of the Industrial
Development Agency. Motion Rondeau, Rusch to close nominations and cast unanimous ballot
for Kacvinsky. Motion Carried.
Motion by Rusch, Bussey to nominate Brett Rondeau as Vice-President of the Industrial
Development Agency. Motion Rusch, DeVries to close nominations and cast unanimous ballot
for Rondeau. Motion Carried.
Motion by Kacvinsky, Bussey to nominate Otto Rusch as Secretary of the Industrial Development
Agency. Motion Bussey, Rondeau to close nominations and cast unanimous ballot for Rusch.
Motion Carried.
Motion by Bussey, Rondeau to nominate Dan Anderson as Treasurer of the Industrial
Development Agency. Motion Rondeau, Rusch to close nominations and cast unanimous ballot
for Anderson. Motion Carried.
The two resolutions passed at the County Board were reviewed. One authorized the
establishment of the Industrial Development Agency, the other authorized the loan of $250,000
to the agency.
The group discussed various options for funding of other projects in the future and various
mechanisms that could be available through this organization.
Kacvinsky provided an update of the status of the Bayfield Business project.
Motion Bussey, Rondeau to approve the terms outlined in County Board Resolution 2007-37 in
principal and direct Abeles-Allison and Bussey to work with the Town of Bayfield on a
repayment schedule and documents associated with the loan. Motion Carried. Kacvinsky
abstained.
The next meeting will be held once the incorporation documents have been approved.
Motion Rusch, Rondeau to adjourn. Meeting adjourned at 3:35pm.