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10-25-10 EDA ITEM 1_1 EDA MEETING OCTOBER 25, 2010 7:00 PM 1. President Stockamp calls the EDA Meeting to order. President Stockamp called the EDA meeting to order at 7 PM. 2. Consider approval of the following minutes. 2.1. February 9, 2009 EDA minutes. Member Heidner motioned to approve the minutes. Seconded by Member Scharber. All in favor. Motion carried. 3. Election of Officers. Member Heidner nominated the following for EDA officers for 2010: President ]essica Stockamp Vice President Dan Scharber Treasurer Tom Darkenwald Assistant Treasurer Doug Schroeder Assistant Secretary Tami Loff Member Darkenwald seconded. All in favor. Motion carried. 4. Any other business. 4.1. Consider EDA Resolution 2010 -01 authorizing termination of a lease with option to purchase agreement, ground lease agreement and authorizing execution of an escrow agreement relating to the issuance by the city of Otsego, Minnesota, of its $3,660,000 General Obligation Capital Improvement Plan refunding Bonds, Series 2010B. Paul Donna, Northland Securities, reviewed the resolution. Member Scharber motioned to approve EDA Resolution 2010 -01. Seconded by Member Schroeder. All in favor. Motion carried. 5. Adjourn. Member Scharber motioned to adjourn. Seconded by Member Darkenwald. All in favor. Motion carried. EDA meeting adjourned at 7:03 PM. President Jessica Stockamp Attest: Tami Loff, Assistant Secretary ITEM 1.1 EDA MEETING JANUARY 9, 2012 *7:00 PM 1. President Stockamp calls the EDA Meeting to order. President Stockamp called the EDA meeting to order at 7:35 PM. 2. Consider approval of the following minutes. 2.1 October 25, 2010 EDA minutes. Member Darkenwald asked for a copy of the EDA duties be provided to each member. City Administrator Johnson said staff will get those to the City Council. Member Heidner motioned to approve as written. Seconded by President Stockamp. All in favor. Motion carried. 3. Election of Officers. Member Heidner nominated the following for EDA officers for 2012: President Jessica Stockamp Vice President Dan Scharber Treasurer Tom Darkenwald Assistant Treasurer Doug Schroeder Assistant Secretary Tami Loff Member Schroeder seconded. All in favor. Motion carried. 4. Any other business. 4.1 Consider Resolution 2012 -01 adopting an Official Newspaper. Member Scharber motioned to approve EDA Resolution 2012 -01. Seconded by Member Schroeder. All in favor. Motion carried. 4.2 2012 work plan. Administrator Johnson asked EDA for their priorities for 2012. She recommends the EDA form advisory committees which can be very effective in providing recommendations to the EDA and City Council. Some examples would be a Finance committee or marketing committee. The committees would meet only when requested by the EDA, City Council or staff and up to two members of the EDA could sit on each of these committees. Member Darkenwald asked what the EDA can do that the City Council cannot. City Attorney MacArthur said the EDA is a separate authority. He listed some of the EDA powers. City Attorney MacArthur said that the current bylaws are very simple and include only the Council Members on the EDA. It is only required to have two Council Members on the EDA and some cities have as many as seven members on the EDA. Member Darkenwald asked if it makes more sense to have more or less City Council on the EDA. City Attorney MacArthur said it is a City Council decision. Administrator Johnson said she would recommend a City Council majority at this time with future consideration of expanding to two business representatives. January 9, 2012 EDA meeting minutes. Page 2. Administrator Johnson said she would recommend having another meeting in March or April after staff pulls together more information on EDA powers, statutes and bylaws for the members. City Attorney said he agrees and would recommend members have a better idea on what the EDA is. Member Darkenwald said he likes the idea of a third party. President Stockamp said she agrees. Member Darkenwald asked that the bylaws and EDA information be emailed once pulled together. Administrator Johnson distributed two articles of interest for the members. President Stockamp motioned to have Administrator Johnson pull together more information and come back in March or April. Seconded by Member Darkenwald. All in favor. Motion carried. 5. Adjourn. Member Scharber motioned to adjourn. Seconded by Member Schroeder. All in favor. Motion carried. EDA meeting adjourned at 8:05 PM. President Jessica Stockamp Attest: Tami Loff, Assistant Secretary *immediately following the adjournment of the City Council meeting at 7:00 PM.