HomeMy WebLinkAboutMinutes
__________________________________ 3/30/2010 RDA Minutes 1 Special Meeting Redevelopment Authority of the City of Oshkosh Minutes April 20, 2010 PRESENT: Thomas Belter, John Bermingham,
Steve Hintz, Ben Schneider, Don Simons EXCUSED: Paul Esslinger, Archie Stam STAFF: Allen Davis, Director of Community Development; Lynn Lorenson, City Attorney; Darlene Brandt, Recording
Secretary Chairman Belter called the meeting to order at 9:00 am. Roll call was taken and a quorum declared present. Res. 10-10 Amend Developer Agreement with Oshkosh River Development
LLC for Purpose of Allowing Conveyance of Property in the Marion/Pearl Redevelopment Area to Other Entities Motion by Hintz to move Res. 10-10. Seconded by Bermingham. Carried 5-0 Ms.
Lorenson noted that subsequent to the last RDA meeting, it was determined that the entity breakdown would be changing and did not include the Dumke's in the WHEDA financing. Mr. Belter
inquired if there is an easier way to deal with this type of situation in the future? Ms. Lorenson replied the Developer Agreement could have been drafted broader, but it is usually
preferable to be precise so that there are not any issues. Mr. Andy Dumke stated when WHEDA puts in the tax benefit, it takes possession on a limited basis. Oshkosh River will still
have control and Great Lakes needs to be a titled owner. Mr. Belter noted this type of financing was popular about 5 years ago. However, the project still needs to cash flow for the
Dumke's. Are potential partners being scrutinized? Ms. Lorenson replied to her knowledge Great Lakes has been involved with several similar projects around the state and she is comfortable
that they are a reputable company. There being no further business, the meeting adjourned at approximately 9:11 am. (Hintz/Simons). Respectfully submitted, Allen Davis, Executive Director