City of Jefferson -
Jefferson Development Corporation Minutes

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MINUTES

Jefferson Development Corporation

Tuesday, December 15, 1998

Location: Morgan & Myers

146 E. Milwaukee Street - Jefferson

6:50 a.m. - 7:35 a.m.

Attending: Dempsey, Fischer, Guttenberg, Keiser, Lewis, Martin, Morgan, Olsen, Pierce, Schornack and Thomsen.

1. Call to Order 6:50 a.m. by President Morgan.

2. Approval of Minutes

Motion (Thomsen/Martin) to approve minutes of November 10, 1998 meeting. MOTION CARRIED

3. Update on Ganser

Discussed Mayor Brawders upcoming visit with Estella. We need to be careful not to build a road which will benefit her property at the city's expense. It was suggested we get part of the land with an option, at a set price, for the remainder of the land. A "Plan B" was discussed in which the city would run a road to Dewey through the Dennis Ganser property.

4. Generac Expansion

Construction project is on schedule. Generac will be parking on Generac Way for a short period of time. They met their deadline to end parking along North Industrial Parkway by November 1st.

5. Appointment of Board Members

Morgan reported that Jefferson County Bank has been in contact with him requesting a position on the Board. It was stated that both banks have historically been represented. Discussed changing the by-laws to allow another board member and the process of changing the by-laws. It was suggested we bring on a representative from Jefferson County Bank as an ex-officio member until a vacancy becomes available.

Motion (Martin/Guttenberg) to reappoint Fischer, Lewis, Morgan and Thomsen to another three year term. MOTION CARRIED

6. Directors and Officers Insurance

Motion (Martin/Thomsen) to purchase D & O Insurance for not more than $1,200. MOTION CARRIED

7. Update on Open Meetings

Carl Creedy has been working with the state attorney general's office on this issue.

8. Purchase of Westphal Property

Schornack reported that the city will be using about $45,000 of industrial park development funds from the city's general fund to purchase the Westphal property. This money will be borrowed and then repaid in 1999.

9. Adjourn Meeting adjourned at 7:35 a.m.

NEXT MEETING:

Tuesday, January 19, 1999 at 6:45 a.m. at Morgan & Myers Building