Redevelopment Authority Meeting Minutes – November 8, 2017

A meeting of the Redevelopment Authority of the City of Kaukauna was called to order at 8:30 a.m. on Wednesday, November 8, 2017, by Acting Chair Feldt.

Members Present: Feldt, Landreman, McGinnis (via phone), Smith.

Also Present: Planning Director Jakel, Mayor Rosin, Applicant.

Absent and Excused: Haak, Natrop, Vander Wyst.

• Minutes. A motion to approve the minutes of the June 20, 2017, meeting was made by Landreman, seconded by Smith. All members voted aye. Motion carried.
• Item Pulled from Agenda. The Executive Session and Open Session items for the discussion of a loan request submitted by Roethle Investments, LLC was pulled from the agenda at the request of the applicant.
• Loan Request – SBIE Rentals, LLC. The applicants are proposing acquiring the current UpTown Cuts building and business, dividing up the space to accommodate the salon and a specialty retail and service business. The acquisition would allow the specialty business to upgrade their inventory and increase their online presence as they provide a unique and very specialized product. The project would retain the current salon jobs and increase the specialty store employment by two full-time equivalent positions. Mr. Feldt asked if there was an upper level of the building. The applicant explained that there was not and that she would be interested in purchasing an adjoining building in the future for expansion. The applicant explained that the current owner of the UpTown Cuts building and business will remain on and the chair rental fees will pay for the overhead on the building.
• Executive Session – SBIE Rentals, LLC. A motion to adjourn to Executive Session at 8:50 a.m. pursuant to Wisconsin State Statute 19.85(1)(e) to discuss the loan request by SBIE Rentals, LLC was made by Smith, seconded by Landreman. All members voted aye. Motion carried.
• Open Session – SBIE Rentals, LLC. A motion to return to Open Session at 9:00 a.m. was made by Landreman, seconded by Smith. All members voted aye. Motion carried. A motion to approve the loan request of $40,000 at 2% for nine years with a second position on the building and equipment was made by Landreman, seconded by Smith. All members voted aye. Motion carried.
• Executive Session – Review of Delinquent Loans. A motion to adjourn to Executive Session at 9:10 a.m. pursuant to Wisconsin State Statute 19.85(1)(e) to discuss the status of delinquent loans was made by Smith, seconded by Landreman. All members voted aye. Motion carried.
• Open Session – Review of Delinquent Loans. A motion to return to Open Session at 9:20 a.m. was made by Landreman, seconded by Smith. All members voted aye. Motion carried. A motion to authorize staff to begin foreclosure action on existing loans to Quencher’s Food and Spirits and to 5K6, LLC (Rose Simon) was made by Landreman, seconded by Smith. All members voted aye. Motion carried.

 There being no further business to be brought before the Authority, a motion to adjourn the meeting at 9:22 a.m. was made by McGinnis, seconded by Smith. All members voted aye. Motion carried.

Julianne Schroeder

Executive Secretary