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Zephyr Winds ready to proceed with Muscoda revolving loan; documents updated and funds pending signatures
Summary
In closed session under Wis. SS 19.85(1)(e), the board was briefed that RLF applicant #25-01, Zephyr Winds, has provided updated confidential financial information and wire instructions and that loan documents have been updated and approved by the village attorney; Johnson said funds will transfer once documents are signed and notarized.
The Muscoda Village Board entered closed session Dec. 2 under Wis. SS 19.85(1)(e) to discuss Revolving Loan Fund applicant #25-01.
The motion to enter closed session was made by Seifert and seconded by Miller; the roll-call vote was recorded as Yes: Miller, Hill, Seifert, Wiederholt and Imhoff. Chief Schramm and Wardell left the room for the closed-session discussion. Administrator Cinda Johnson reported that RLF applicant #25-01, identified in the minutes as Zephyr Winds, had contacted the village and was ready to proceed. Johnson said the RLF documents had been updated and that Attorney Wood had approved the minor changes. She added that Zephyr Winds provided updated, confidential financial information and wire instructions; Johnson stated that once the loan documents are signed and notarized, funds will be transferred.
The meeting reconvened in open session on motion Wiederholt, second Seifert (roll-call yes: Miller, Hill, Seifert, Wiederholt and Imhoff), and the minutes record no open-session vote authorizing immediate disbursement of loan proceeds. The minutes do not include the confidential financial details or wire instructions provided in closed session.
