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Board enters closed session to review Arco Coffee and Zia Properties loan requests

Douglas County Revolving Loan Fund, Inc. Board of Directors · April 2, 2025
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Summary

The board authorized a closed-session review on April 2, 2025, of loan applications from Arco Coffee and Zia Properties under Wis. Stat. §19.85(1)(e); the roll call was unanimous among those present. The public minutes do not record the closed-session outcome.

On April 2, 2025, the Douglas County Revolving Loan Fund board voted to adjourn the open session and convene into closed session pursuant to Wis. Stat. §19.85(1)(e) to discuss loan requests from Arco Coffee and Zia Properties. The motion to go into closed session was moved by Mark Liebaert and seconded by Andrew Perfetti; the transcript records a roll-call vote with all present voting yes.

The public minutes record the authorization and the timing (open session adjourned at 1:54 p.m.; reconvened at 1:57 p.m.) but do not disclose the subject matter of the closed-session discussion or any decisions made there. Any formal action arising from that closed session would be expected to appear in subsequent public minutes or records if required.