Economic Development Loan Task Force

City of West Allis Meeting Minutes Economic Development Loan Task Force Tuesday, January 25, 2022 9:00 AM City Hall - Virtual Meeting VIRTUAL MEETING A. CALL TO ORDER The meeting was called to order by Mayor Dan Devine, Chair at 9:03 a.m. B. ROLL CALL Present 4- Mayor Dan Devine, Mr. Tim Klare, Ald. Kevin Haass, and Mr. Dean Zwick Excused 1- Ms. Rebecca Grill Others Attending Patrick Schloss, Executive Director, Economic Development Shaun Mueller, Economic Development, Development Project Manager Jason Kaczmarek, Finance Director/Comptroller C. APPROVAL OF MINUTES 1. 22-0009 Draft Minutes of the July 12, 2021 meeting Attachments: 7-12-21 Draft Minutes A motion was made by Ald. Haass, seconded by Mr. Klare, that the minutes of the July 12, 2021 meeting be Approved. The motion carried by the following vote: Aye: 4- Mayor Devine, Mr. Klare, Ald. Haass, and Mr. Zwick No: 0 D. NEW AND PREVIOUS MATTERS 2. 22-0033 Resolution approving the terms & conditions for an Economic Development Loan to Mike 7, LLC d/b/a 4th-N-Long, located at 8911 W. National Avenue, under the National Avenue Commercial Corridor InStore Forgivable Loan Program in an amount up to $58,500 A motion was made by Ald. Haass, seconded by Mr. Klare, to recommend Common Council consideration of the Resolution approving the terms & conditions for an Economic Development Loan to Mike 7, LLC dba 4th-N-Long, located at 8911 W. National Avenue, under the National Avenue Commercial Corridor InStore Forgivable Loan Program in an amount of up to $58,500. The motion carried by the following vote: Aye: 4- Mayor Devine, Mr. Klare, Ald. Haass, and Mr. Zwick No: 0 City of West Allis Page 1 Printed on 4/18/2022 Economic Development Loan Task Force Meeting Minutes January 25, 2022 3. 22-0034 Resolution approving the terms & conditions for an Economic Development Loan to National Properties LLC, located at 9242 W. National Avenue, under the National Avenue Commercial Corridor InStore Forgivable Loan Program in an amount up to $50,000 A motion was made by Mr. Klare, seconded by Ald. Haass, to recommend Common Council consideration of the Resolution approving the terms and conditions for an Economic Development Loan to National Properties LLC, located at 9242 W. National Avenue, under the National Avenue Commercial Corridor InStore Forgivable Loan Program in an amount up to $50,000. The motion carried by the following vote: Aye: 4- Mayor Devine, Mr. Klare, Ald. Haass, and Mr. Zwick No: 0 4. 22-0035 Resolution approving the terms & conditions for an Economic Development Forgivable Loan to Lincoln Hospitality Group, LLC, the Holiday Inn Express & Suites, located at 10111 W. Lincoln Avenue, in the amount not to exceed $120,000 funded with CDBG-CV 2 funds A motion was made by Mr. Zwick, seconded by Mr. Klare, to recommend Common Council consideration of the Resolution approving the terms and conditions for an Economic Development Forgivable Loan to Lincoln Hospitality Group, LLC, the Holiday Inn Express & Suites, located at 10111 W. Lincoln Avenue, in the amount not to exceed $120,000 funded with CDBG-CV 2 funds. The motion carried by the following vote: Aye: 4- Mayor Devine, Mr. Klare, Ald. Haass, and Mr. Zwick No: 0 5. 22-0036 Resolution approving the terms & conditions for an Economic Development Forgivable Loan to Rupena’s Fine Foods, located at 7641 W. Beloit Road, in the amount not to exceed $100,000 funded with CDBG-CV 2 funds Attachments: Committment Letter - Rupena's Fine Foods - FULLY EXECUTED Resolution R-2022-0056 (2-1-22) A motion was made by Ald. Haass, seconded by Mr. Zwick, to recommend Common Council consideration of the Resolution approving the terms & conditions for an Economic Development Forgivable Loan to Rupena's Fine Foods, located at 7641 W. Beloit Road, in the amount not to exceed $100,000 funded with CDBG-CV2 funds. The motion carried by the following vote: Aye: 4- Mayor Devine, Mr. Klare, Ald. Haass, and Mr. Zwick No: 0 E. ADJOURNMENT A motion was made by Ald. Haass, seconded by Mr. Zwick to adjourn the meeting at 9:32 a.m. The motion carried unanimously. City of West Allis Page 2 Printed on 4/18/2022 Economic Development Loan Task Force Meeting Minutes January 25, 2022 All meetings of the {bdName} are public meetings. In order for the general public to make comments at the committee meetings, the individual(s) must be scheduled (as an appearance) with the chair of the committee or the appropriate staff contact; otherwise, the meeting of the committee is a working session for the committee itself, and discussion by those in attendance is limited to committee members, the mayor, other alderpersons, staff and others that may be a party to the matter being discussed. NON-DISCRIMINATION STATEMENT The City of West Allis does not discriminate against individuals on the basis of race, color, religion, age, marital or veterans' status, sex, national origin, disability or any other legally protected status in the admission or access to, or treatment or employment in, its services, programs or activities. AMERICANS WITH DISABILITIES ACT NOTICE Upon reasonable notice the City will furnish appropriate auxiliary aids and services when necessary to afford individuals with disabilities an equal opportunity to participate in and to enjoy the benefits of a service, program or activity provided by the City. LIMITED ENGLISH PROFICIENCY STATEMENT It is the policy of the City of West Allis to provide language access services to populations of persons with Limited English Proficiency (LEP) who are eligible to be served or likely to be directly affected by our programs. Such services will be focused on providing meaningful access to our programs, services and/or benefits. City of West Allis Page 3 Printed on 4/18/2022