President Chuck Jenkins called the Monthly meeting to order at 8:15a.m. at the Washburn County Economic Development office located at 208 Vine Street, Spooner, WI.


Present: Chuck Jenkins, Rob Paine, Bill Marx, Jim Bethel, Mike Bobin, Ken Schultz, and Rob Lester.


Absent:  Lloyd Wallace, and Morris Gillett.


Others Present:  Margie Quinn, Greg Krantz, and Steve Sather.


Concerned Citizens:  None


Approval of Agenda- Rob Paine made a motion to approve the monthly agenda, Bill Marx 2nd the motion.  M.C. by unanimous vote.


Approval of Meeting Minutes of April 18, 2012

Minutes of the previous meeting April 18, 2012 were circulated. Ken Schultz made a motion to approve the minutes, Rob Paine 2nd the motion.  M.C.  by unanimous vote. 


Treasurer’s Report by Jim Bethel – Jim Bethel read the monthly Treasurer’s report. Jim reported on the monthly bills.  The total expense for April/May was $6480.08 with a checking account balance of $41,683.92 and an additional $9449.00 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 funds to interest income on a loan in the amount of $3228.14.  Technical Assistance in the amount of $14685.50, and Loan Loss Reserve at $1750.00.  Total available funds are $70,796.56.   Marge Quinn has provided board members with a Treasurer Report, P&L monthly and a balance detail from QB.  Rob Paine made a motion to accept the Treasurer Report and pay bills, 2nd by Rob Lester. M.C.  by unanimous vote.


Compensation for Mike Bobin- Bill Marx made a motion to approve $25.00 for Mike Bobin while Marge was on vacation; Mike volunteered to sit in the WCEDC office.  Rob Paine 2nd the motion.  M.C.  by unanimous vote.


Discussion/Action on RAMP Loan/Funds- Director Greg Krantz stated he has contacted Mike Daniels from Rural Development regarding audit for WCEDC, and ask Mike Daniels if indeed we need an Audit if we have not received $500,000.00 in funds as stated in the Manual.  Mike Daniels will report back to Greg on this issue.  Marge Quinn contacted Dan Thole, who also assists in audits for WC, and the City of Spooner.  Marge ask him if indeed we need an audit if we had not received the $500,000.00.  Dan Thole stated you do not normally need an Annual Audit if you do not receive/exceed the $500,000.00.  Dan Thole also stated if indeed we do require an audit through Rural Development, it should only costs approximately $1000.00 annually for just the specific project through the RMAP Loan Fund.  Board members made discussions and would like to proceed with the RMAP Loan.


Discussions were made on the empty buildings in Washburn County.  Director Greg Krantz and City Administrator Bill Marx are meeting on this issue and will update the board members in June. 


Clarification on Invoice with Anderson Hager and Moe- Marge indicated she contacted Anderson Hager and Moe for a better clarification.  Anderson Hager and Moe stated the previous bill in the amount of $240.00 was the update for 2011 in QuickBooks.  The remainder of the invoice in the amount of $420.00 was the final completion for 2011 Annual taxes.


Insurance Update- Ken Schultz explained on the Workers Compensation as to how the State of WI assigns you to new Company’s.  Discussions were made on liability in the WCEDC Office.  Marge Quinn will get 2 different quotes for Liability Insurance in the WCEDC Office and bring to the June meeting for action to be taken. 


Budget for the remainder of 2012- President Jenkins asked Marge to circulate the income and expenses for the remainder of 2012 Budget to board members.  Greg Krantz asked the board if they would be willing to commit to $200.00 to place an ad on a Washburn County Tourism mailing to 5000 non-residents that have a second home in Washburn County.  This ad will be the first step in a new WCEDC Marketing Campaign.  (Want to Work Where you Play?)  Marketing Campaign Funds will be place on the June Monthly meeting for action to take place.


Director’s Report-  Greg Krantz

Greg presented a marketing plan outlining a plan to reach non-resident second homeowners in Washburn County who own and operate their own business elsewhere and would like to relocate or expand their business to Washburn County.  This will be an agenda item for discussion/action at the June meeting, specifically for the financing and creation of a brochure for 2013.  

Greg stated he has met with a few businesses owners and lenders in the past two weeks.  Greg also reported on a couple of loan requests that are being looked at. 


Agenda items for June Meeting on May 16th- WCEDC to fund 2nd homeowner Flyer for 2013. 


Next Monthly Meeting:  Meeting June 20th, at 730a.m. – Washburn County Economic Development Office located at 208 Vine Street, Spooner, WI 54801


Other Concerns: 


Ken Schultz made a motion to adjourn, 2nd by Jim Bethel.  M.C. by unanimous vote.


Draft only!  Board needs to approve at the June Meeting.    Respectfully Submitted by Margie Quinn