President Chuck Jenkins called the Monthly meeting to order 735am at the Washburn County Economic Development office located at 208 Vine Street, Spooner, WI.
Present: Chuck Jenkins, Ken Schultz, Jim Bethel, Bill Marx, Skip Fiedler, Rob Paine, and Lloyd Wallace
Absent: Rob Lester, Morris Gillett, and Mike Bobin.
Others Present: Margie Quinn, and Greg Krantz.
Concerned Citizens: None
Approval of Agenda- Skip Fiedler made a motion to approve the monthly agenda, Lloyd Wallace 2nd the motion. M.C. by unanimous vote.
Approval of Meeting Minutes of February 20, 2013
Minutes of the previous meeting February 20, 2013 were circulated. Lloyd Wallace made a motion to approve the minutes, Skip Fiedler 2nd the motion. M.C. by unanimous vote.
Treasurer’s Report by Jim Bethel- Jim Bethel read the monthly Treasurer’s report. Jim B. reported on the monthly bills. The total expense for Feb. 21-April 17 were $14646.79 to include Greg and Marge’s wages as well, leaving a checking account balance of $51082.12 and an additional $9504.64 in the CD account to be used for ½ marketing expenses, ½ for business plan development, and 501 (c) (3) expenses to the IRS and Anderson Hager and Moe. RMAP fund is in the amount of $8764.31. WCEDC made payments to Rural Development on the RMAP Loan for EDC in the amount of $199.07/mo starting December 31st, 2012. Technical Assistance in the amount of $14,685.50, and Loan Loss Reserve at $1750.00. Total available funds are $85786.57. Marge Quinn has provided board members with a Treasurer Report, P&L monthly and a balance detail from QB. Mike Bobin made a motion to accept the Treasurer Report and pay bills, 2nd by Skip Fiedler. M.C. by unanimous vote.
Ventures – Brian Langdon reported on services that Ventures Unlimited can provide for businesses.
Director’s Report- Greg Krantz
Greg circulated a Director’s report. Greg stated he had attending a seminar in Rice Lake next week to learn some of the SBA requirements for lending. Greg stated he was attending a meeting with WEDC at Northwest Regional Planning to represent Steve Sather today. Discussions were made on WCEDC Web site and will be on the agenda for May meeting. Greg stated he has completed the Newsletter and will ask for approval of the board at the May meeting. Greg commented on the RMAP Grant. Greg stated Mike Daniels will be meeting Marge and Greg on April 30th for a compliance review and at that time will check with him on technical assistance monies, etc. Discussions were made on Membership Funds, Township meetings, and Newsletter updates. Bill Marx suggested holding off on the annual reviews for Greg and Marge until the board reviews job descriptions for Greg and Marge. Schultz approved Director’s report, 2nd by Jim Bethel. M.C. by unanimous vote.
Skip Fiedler made a motion to convene in closed pursuant to 19.85 (1) (F), WI statues to discuss financials of specific persons, which if discussed in public would likely to have a substantial adverse effect upon the reputation of any person, referred to in such data. Ken Schultz 2nd the motion. M.C. by unanimous vote.
Margie Quinn and Greg Krantz were invited to stay in closed sessions by Board Members.
Roll Call was taken by Marge Quinn
Motion to reconvene in open session by Skip Fiedler, 2nd by Rob Paine. M.C. by unanimous vote.
Rob Paine made a motion to close the RMAP Funds available, Skip Fiedler 2nd the motion. M.C. by unanimous vote.
Other Concerns: President Jenkins has requested Marge Quinn to post Annual Meeting in Local Newspaper.
Agenda items for May Meeting - Annual Meeting to follow Monthly Meeting.
Next Monthly Meeting: May 15, 2013 at 730a.m. – Washburn County Economic Development Office located at 208 Vine Street, Spooner, WI 54801
Skip Fiedler made a motion to adjourn, 2nd by Jim Bethel. M.C. by unanimous vote.
Draft only! Board needs to approve at the May Meeting. Respectfully Submitted by Margie Quinn.