HomeMy WebLinkAbout2008-08-04 IDA MinutesMINUTES
REGULAR MEETING
THE INDUSTRIAL DEVELOPMENT AUTHORITY
OF THE CITY OF RIVERSIDE, MISSOURI
Monday, August 4, 2008
5:00 p.m.
The Industrial Development Authority of the City of Riverside, Missouri, met in regular session at Cit}~ Hall,
2950 NW Vivion Road, Riverside, Missouri.
President Wayne Snyder called the meeting to order at 5:00 p.m. Answering roll call were Wayne Snyder, Harold
Snoderley, and Cy Houston. Not Present: Leland Finley. Also present: Deborah Polk of Armstrong Teasdale,
and Jane Henry, Executive Administration Assistant.
Approval of Minutes from
June 12, 2008
Resolution 2008-005:
A resolution approving the
second addendum to the
purchase and development
agreement between the City
of Riverside, Missouri, the
Industrial Development
Authority of the City of
Riverside, Missouri and BK
Properties, LLC, and
approving actions relating
thereto
Adjournment
Harold Snoderley moved to approve the minutes from June 12, 2008.
Cy Houston seconded and the motion passed 3-0.
Deborah Polk presented Resolution 2008-005: A resolution approving
the second addendum to the purchase and development agreement
between the City of Riverside, Missouri, the Industrial Developme~it
Authority of the City of Riverside, Missouri and BK Properties, LI.C,
and approving actions relating thereto.
Chairman Wayne Snyder mentioned their fiduciary responsibility a.s a
board and told Polk that he would like to know about the fiscal impact
of delaying the closing. Polk said it would be easy to put those figzres
together for them. The board also questioned why the closing is being
delayed. Polk responded that the City and the developer are
disagreeing on some issues, e.g., gas line easements and roadways.
Cy Houston made a motion in favor of Resolution 2008-005 and
Harold Snoderley seconded. The motion passed 3-0.
Harold Snoderley made a motion to adjourn and it was seconded by
Cy Houston. The motion passed and the meeting was adjourned.
Jane Henry
Executive Administration Assistant