05-12-2009 EDAM** *SPECIAL MEETING * **
EDA Board of Directors
City Council Chambers — City Center
11:30 AM Tuesday May 12, 2009
Members present in bold print:
Members
Tim Ulrich Diane Gordon
Chad Czmowski Jim Haugen
Staff
Miles Seppelt, EDA Director
Melissa Reichl, EDA Assistant
Bruce Kimmel, Ehlers & Associates
I. Call to Order
Minutes
Steve Jansick
Mike McGraw
Guests
Tom Daggett
Mr. Ulrich called the meeting to order at 11:35AM.
II. Approve Agenda
No action.
Marc Vaillancourt
III. Public Hearing - Daggett Ventures / Atomic Crane Corporation
A. Project Presentation — Bruce Kimmel, Ehlers & Associates
Mr. Kimmel explained that the Public Hearing is a federally required step for the EDA to
allow tax - exempt status for the Industrial Development Bonds. Mr. Kimmel added that the
bond capacity (maximum amount) had been set at $7 million.
B. Receive Public Comments
Tom Daggett updated the Board on the progress of the project. Daggett and his partners are
still working on finalizing the partnership documents, a process they hope to complete in two
weeks or so. Mr. Daggett also noted that the name, `Atomic Crane Corporation' may
change.
No other public comments were offered.
M /S /P: Gordon, Haugen to close the public hearing. Passed unanimously.
IV. Other Business
Staff updated the Board on the status of the Federal EDA grant and the acquisition of property
next to the old Cenex Fertilizer Plant site.
V. Adjourn
The meeting adjourned at 11:51AM.
Respectfully submitted,
Melissa Reichl
EDA Assistant