07-08-2003 EDAMHutchinson HCDC — An EDA
Board of Directors
** *Special Meeting * **
Minutes of Meeting
Friday, July 8, 2003
Members present in bold print:
Members:
Tim Ulrich Bob Windel Jim Haugen
Jeff Haag Duane Hoversten Keith Fischer
Guests:
Marc Sebora Ken Merrill
Staff:
Miles Seppelt, EDA Director
Lisa McClure, Interim EDA Director
Jake Wegner, EDA Intern
1. Tim Ulrich called the meeting to order at 12:06 p.m.
2. HCDC Business - -Lisa
Don Walser
Lisa discussed the process of dissolving the HCDC as a legal entity, which needs the consent of the
EDA Board. Signatures of the EDA Board Members were then collected.
3. Industrial Park - -Marc
The City obtained the Hackbarth property through a "quick- take" option. To get out of the deal, the
City must pay Mr. Hackbarth's attorney's fees. Marc stated that he has spoken with Mr. Hackbarth's
attorney about filing what is called a "stipulation for dismissal" with the Court, and that action will
be taken upon the EDA Board's approval to forego ownership of the property, and to agree to pay
approximately $54,000 to Mr. Hackbarth to cover his attorney's fees. The EDA Board will have to
approve such an action and then the City Council will need to sign an agreement to terminate the
contract and return the land to Mr. Hackbarth's ownership.
M/S /P: Hoversten, Windel to forego the ownership of the Hackbarth property and to pay
approximately $54,000 in legal fees to Mr. Hackbarth.
4. Options
The option of entering into a purchase agreement with the Stritesky family for their property as a
possible Industrial Park site was discussed. Tim stated that he has been in contact with the
Stritesky's and their asking price seems acceptable and within the City's budget.
5. Adjourn
The meeting was adjourned at 1:00 p.m. and the next meeting is set for July 251h at 7:00 a.m.
Respectfully submitted,
Jake Wegner
EDA Intern