HomeMy WebLinkAboutIndustrial Development Agency - Minutes - 4/24/2019Minutes of the
Bayfield County Industrial Development Agency Meeting
3:00pm, April 24, 2019
Emergency Operations Center, Bayfield County Annex, Washburn, WI
Members Present: Brett Rondeau, Cole Rabska, Scott Kluver, Dan Anderson, Marty
Milanowski, Rick Geisen (phone)
Others Present: Mark Abeles-Allison, Bayfield County Administrator
Meeting called to order at 3:00pm by Rondeau.
Minutes of the 12-7,2017 minutes: Motion Kluver, Anderson to approve minutes of the May
27, 2015 Industrial Development Agency meeting. Motion Carried (6-0, 1 absent)
Industrial Development Agency Purpose: A brief review of the state statute related to
Industrial Development Agencies took place. The primary purpose is to improve the industrial
climate of the county.
Updated and Promissory Note Update: It was noted that the promissory note expired in June
of 2017. Geisen made the motion to approve the amendatory promissory noted with the
following notes
1. Update to include accurate current balance.
2. Update the Loan Participation Agreement between I& and the IDA.
3. Approve the same 10-year term as approved by I7. Anderson reported that the
outstanding balance on the loan related to World Class Manufacturing is $179,000.
Discussion took place regarding the history of the financing arrangements for this
endeavor and the roles that the Bayfield County Industrial Development Agency, Town
of Bayfield, and Impact Seven have.
Motion seconded by Kluver. Motion carried (6-0).
Industrial Development Agency Topics of Discussion: The members were asked for input on
potential investments/direction the agency can take to be more active.
Meeting adjourned at 350pm.