Consider Industrial Park lot offer to sell to Carr’s Tree Service

October 29, 2013 – EDA Meeting Minutes

A special meeting of the Freeport EDA Board was called to order by President Matt Worms at 12:06 P.M. with members Carrie Goebel, Mason Schirmer, Andy Welle, Jim Hemker and Bud Heidgerkin present

Schirmer moved and Goebel seconded a motion to close the special meeting to determine the asking price and consider an offer for the sale of Lot 1 Block 1 Freeport Industrial Park Plat 6. Motion carried 6-0. Meeting closed at 12:07 P.M.

Worms moved and Hemker seconded a motion to reopen the special meeting. Motion carried 5-0 (Goeble had left during closed session due to time restraints).

During the Closed Session, Members discussed what they thought a reasonable sale price for Lot 01 Block 01 of Freeport Industrial Park Plat 6 would be. Members were then provided an offer from a private business to purchase to lot discussed. Members agreed the offer was reasonable and discussed the steps involved in moving forward with considering the sale.

Heidgerken moved and Welle seconded a motion to approve scheduling a public hearing to be held November 12, 2013 beginning at noon in Freeport City Hall to consider the sale of Lot 01 Block 01 Freeport Industrial Park Plat 6. Motion carried 5-0.

Welle moved and Hemker seconded a motion authorizing Mason Schirmer to work with Attorney Scott Hamak (Rinke Noonan Law Firm) on preparing documents for the sale process. Motion carried 5-0.

Welle moved and Heidgerken seconded a motion to add a sale term requiring earnest money of $1,500 due at the signing of the purchase agreement, contingent upon the approval of the sale by City Council. Motion carried 5-0.

Hemker moved and Schirmer seconded a motion to establish a closing timeframe of forty-five days. Motion carried 5-0.

Schirmer moved and Worms seconded a motion to adjourn the meeting at 1:15 P.M. Motion carried 5-0.

Matthew Worms, President Mason Schirmer, Secretary