Minutes

of the

Regular Meeting of the

Detroit Lakes Development Authority

Tuesday, December 15, 2009

4:30 PM, City Administration Building,

Conference Room

MEMBERS PRESENT:    Jim Anderson,  Mark Hagen, Dennis Winskowski, Greg Hildenbrand and Bruce Imholte

MEMBERS ABSENT:      Tom Klyve and Mary Beth Gilsdorf

OTHERS PRESENT:       Robert Louiseau, Larry Remmen, Pippi Mayfield and Carol McCarthy

 I.       CALL TO ORDER:

          Chairman Jim Anderson called the meeting of the Detroit Lakes Development Authority to order at 4:30 PM in the Conference Room of the City Administration Building, 1025 Roosevelt Avenue on Tuesday, December 15, 2009.  All members of the Authority have been duly notified of the meeting and the business to be transacted. 

 II.      MINUTES:

          A motion was made by Commissioner Dennis Winskowski seconded by Commissioner Mark Hagen and carried unanimously to approve the minutes of the regular meeting held November 23, 2009.

III.      FINANCIALS:

A.      CONSIDERAITON TO THE APPROVAL OF THE FINANCIAL REPORT AND PAYMENT OF CLAIMS THROUGH OCTOBER 30, 2009

          A motion was made by Commissioner Greg Hildenbrand, seconded by Commissioner Bruce Imholte and carried without dissent to approve the financial report and payment of claims through October 30, 2009.

IV.     OLD BUSINESS:

A.      None

V.      NEW BUSINESS:

A.      CONSIDERATION TO A SHARED FIRST LIEN POSITION AND HELICOPTER VALUE RELATIVE TO THE SNOWYOWL AVIATION LOAN

          Larry Remmen reported that reports on the helicopter value has been requested from Steve Larson, a helicopter pilot and Joe LaRue a helicopter mechanic.  Larry Remmen noted that the report from Joe LaRue had not been received yet and suggested that action on this item be deferred. The consensus of the board was to delay action until the next regular meeting on January 5th 2010.

D.      Other

          None

  VI.   Adjournment

          There being no further business to bring before the Board, the meeting was adjourned.                                                                                 

                                                                             Signed                                                                                                                                     

                                                                              Larry Remmen Community Development Director