HomeMy WebLinkAboutIndustrial Development Agency - Minutes - 11/1/2012Minutes of the
Bayfield County Industrial Development Agency Meeting
3:00pm, November 1, 2012
Emergency Operations Center, Bayfield County Annex Building, Washburn, WI
Members Present: Brett Rondeau, Shawn Miller, Dan Anderson, Jack Carlson
Members Excused: Rick Geisen, Scottie Sandstrom
Others Present: Mark Abeles-Allison, Bayfield County Administrator; Kris Kavajecz-
Confidential Secretary
Meeting called to order at 3:00pm by Shawn Miller.
Motion Rondeau, Anderson to approve minutes of the March 1, 2012 Industrial Development
meeting. Motion Carried.
Motion Rondeau, Carlson to move in and out of executive session pursuant to Wis.
Stats. 19.85 (1)(e) for the purpose of discussion and a possible action regarding
executive session minutes of March 1, 2012. Motion Carried. Entered executive
session at 3:08pm.
Motion Rondeau, Anderson to approve executive session minutes of the March 1,
2012 Industrial Development Agency meeting. Motion Carried.
Motion Rondeau, Anderson to return to open session. Motion Carried. Return to
open session at 3:10pm.
Discussion and Possible Action regarding extension of lease modification agreement
with World Class Manufacturing: Abeles-Allison reminded the group of the purpose
of the agency. He reviewed the lease modification terms that were approved
earlier in the year. Recommendation from Impact Seven is to extend the terms of
the agreement for an additional 6 months. The group discussed the terms of the
agreement and the impact of extending the modification.
Motion Rondeau, Anderson to extend the modified loan terms not to exceed 6
months and to request a presentation by World Class at some time during those 6
months with an update on the operation and status of their financial situation.
Motion Carried.
Approval of State of Wisconsin Department of Financial Institutions Nonstock
Corporation Annual Report: Required report from the state which will need to be
submitted by the end of the year.
Motion Carlson, Rondeau to approve the annual report and identify the officers as:
Dan Anderson, Treasurer, Scottie Sandstrom, Secretary; Shawn Miller, President,
Brett Rondeau, Vice-President. Motion Carried. Another meeting will be set to
validate the election of the officers noted on the annual report.
Business Development Activities in the County: Abeles-Allison reported on current
business development activities including the sale of approximately 10 acres at the
Ag Station. This topic will be discussed at the County Executive Committee
meeting.
Overview of Makani Power presentation that was provided by Bayfield County
Economic Development Corporation.
Northwoods Aquafarm has decided to locate to Indiana.
The next meeting will be scheduled in January, 2013. Potential meeting date is January 10 at
2:30pm.
Meeting adjourned at 3:43pm.