Community Development Authority Monthly Meeting

Community Development Authority Monthly Meeting Whitewater Municipal Building Community Room, 312 West Whitewater St., Whitewater, WI 53190 *In Person and Virtual Thursday, June 18, 2026 - 5:30 PM MINUTES CALL TO ORDER The meeting was called to order at 5:30pm. ROLL CALL PRESENT Board Member Jon Kachel Board Member Joseph Kromholz Board Member Kelsey Price Council Representative Orin Artsmith Board Member Christ Christon Council Representative Michael M.Smith ABSENT Board Member Thayer Coburn CITY STAFF Mason Becker, Community Development Director Ashwini Rao, Economic Development Coordinator OTHER Hans Pregler, Right Time Entertainment LLC CONFLICT OF INTEREST Would any board member wish to declare any known Conflict of Interest with the items presented on today's CDA Board Agenda? None GOOD GOVERNANCE MANUAL Community Development Authority Monthly Meeting Minutes June 18, 2026 Page 2 Below is a link to the City of Whitewater's Governance Manual. This document serves as our central guide for operational excellence, outlining our commitment to accountability, transparency, and strategic oversight. https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:752ce1fc-c064-472c-a784-75e9dd11d771 Please feel free to refer to this manual often. APPROVAL OF AGENDA A committee member can choose to remove an item from the agenda or rearrange its order; however, introducing new items to the agenda is not allowed. Any proposed changes require a motion, a second, and approval from the Committee to be implemented. The agenda shall be approved at each meeting even if no changes are being made at that meeting. Motion made by Board Member Kromholz, Seconded by Council Representative Artsmith. Voting Yea: Board Member Kachel, Board Member Kromholz, Board Member Price, Council Representative Artsmith, Board Member Christon, Council Representative M.Smith CONSENT AGENDA Items on the Consent Agenda will be approved together unless any committee member requests that an item be removed for individual consideration. Motion made by Council Representative Artsmith, Seconded by Board Member Price. Voting Yea: Board Member Kachel, Board Member Kromholz, Board Member Price, Council Representative Artsmith, Board Member Christon, Council Representative M.Smith 1. Approval of May meeting minutes 2. May Dashboard 3. Memo RE: Letter of Intent Received from Anderson Ashton 4. Dec 2025 Financials 5. Jan 2026 Financials 6. Feb 2026 Financials 7. Mar 2026 Financials 8. Apr 2026 Financials 9. May 2026 Financials 10. Dec 2025 Innovation Center Financials 11. Jan 2026 Innovation Center Financials 12. Feb 2026 Innovation Center Financials 13. March 2026 Innovation Center Financials 14. April 2026 Innovation Center Financials 15. May 2026 Innovation Center Financials Community Development Authority Monthly Meeting Minutes June 18, 2026 Page 3 HEARING OF CITIZEN COMMENTS No formal Committee action will be taken during this meeting although issues raised may become a part of a future agenda. Participants are allotted a three minute speaking period. Specific items listed on the agenda may not be discussed at this time; however, citizens are invited to speak to those specific issues at the time the Committee discusses that particular item. To make a comment during this period, or during any agenda item: On a computer or handheld device, locate the controls on your computer to raise your hand. You may need to move your mouse to see these controls. On a traditional telephone, dial *6 to unmute your phone and dial *9 to raise your hand. None CONSIDERATIONS / DISCUSSIONS / REPORTS 16. FERC Business Park Report: Discussion and Possible Action Prof. Russ Kashian presented the Business Park study and answered questions. 17. Innovation Center Leasing Agreement: Discussion and Possible Action The CDA Board directed staff to continue negotiations on the agreement and present a draft of the final agreement at their next meeting. 18. Strategic Plan: Review and Discussion Standing item on the agenda for discussion at a later time. EXECUTIVE SESSION Adjourn to Closed Session, TO RECONVENE, pursuant to Wisconsin Statutes 19.85(1)(e) “Deliberating or negotiating the purchasing of public properties, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require a closed session. Items to be discussed: Motion made by Board Member Price, Seconded by Council Representative Artsmith. Voting Yea: Board Member Kachel, Board Member Kromholz, Board Member Price, Council Representative Artsmith, Board Member Christon, Council Representative M.Smith 19. Whitewater Cinemas Application for CDA Loan Fund: Discussion and Possible Action Discussion of Whitewater Cinemas Application for CDA Loan Fund. 20. Jefferson St RFP: Discussion and Possible Action Discussion of Jefferson St RFP. 21. Settlement and Release Agreement w/ Fine Food Arts LLC & KLD LLC & Daniel Rodriguez: Discussion and Possible Action Discussion of Settlement and Release Agreement. 22. Review and Discussions of Future Business and Industrial Land Development Locations Community Development Authority Monthly Meeting Minutes June 18, 2026 Page 4 Discussion of Future Business and Industrial Land Development Locations RECONVENE INTO OPEN SESSION Motion made by Board Member Kromholz, Seconded by Council Representative Artsmith. Voting Yea: Board Member Kachel, Board Member Kromholz, Board Member Price, Council Representative Artsmith, Board Member Christon, Council Representative M.Smith 1. The CDA moved to approve loan fund request in the amount of $100,000 to Right Time Entertainment LLC, contingent on closing on the property and approval of SBA loan. Motion made by Board Member Price, Seconded by Council Representative Artsmith. Voting Yea: Board Member Kachel, Board Member Kromholz, Board Member Price, Council Representative Artsmith, Board Member Christon Voting Abstaining: Council Representative M.Smith 2. Motion moved to have staff negotiate agreement with Eminent DC to move forward on the project. Motion made by Board Member Kromholz, Seconded by Council Representative Artsmith. Voting Yea: Board Member Kromholz, Board Member Price, Council Representative Artsmith, Board Member Christon Voting Nay: Council Representative M.Smith Voting Abstaining: Board Member Kachel 3. Motion moved to instruct staff approve the Settlement and Release Agreement w/ Fine Food Arts LLC & KLD LLC & Daniel Rodriguez as presented. Motion made by Board Member Kromholz, Seconded by Board Member Price. Voting Yea: Board Member Kachel, Board Member Kromholz, Board Member Price, Council Representative Artsmith, Board Member Christon, Council Representative M.Smith FUTURE AGENDA ITEMS Delinquent Loans Downtown Revitalization ADJOURNMENT Motion made by Council Representative Artsmith, Seconded by Board Member Kachel. Voting Yea: Board Member Kachel, Board Member Kromholz, Board Member Price, Council Representative Artsmith, Board Member Christon, Council Representative M.Smith