Local Development Finance Authority Minutes 02-13-1989

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                              CITY OF MUSKEGON
                 LOCAL DEVELOPMENT FINANCE AUTHORITY BOARD
                                 REGULAR MEETING
                            Monday, February 13, 1989

                                            MINUTES

The meeting was called to order by Chairman Rich Steketee at 7:30 a.m.
Roll was taken and the following persons were present:

BOARD MEMBERS PRESENT:       Steve DeCenzo,        Lou Eklund, Greg Milkins,
                             Gary Sarut,        Don Seifert, Rich Steketee

BOARD MEMBERS ABSENT:        Herb Ginman, Ken Harris,               Bob Hovey,    Steve
                             Johnson, Paul Roy


CITY COMMISSIONERS:          Steve Holdeman, Blanche Smith

CITY STAFF:                  Rick Chapla, Don Haas

OTHERS:                     Wendy Ohst from County of Muskegon                 (representing
                            Paul   Roy who was not able to attend)

MINUTES

A motion was made,     supported and passed to approve the prior minutes.

REPORT ON MARATHON PROPERTY PURCHASE

Rick   Chapla   reported    on   the    status    of   the    proposed      purchase    of   the
Marathon   property.       The   City's       appraisal      has    been   reviewed    and   the
appraisal made for Marathon will be received from the company in the
next day or two.   The closing is expected to take place as soon as the
details can be worked out ands the Commission authorizes the purchase.

DISCUSSION AND APPROVAL OF PROPOSED BYLAWS


Proposed LDFA Bylaws were prepared by staff and copies were distributed
to  the  board  members  by   Mr. Haas.    After  brief discussion and
explanation of some of the provisions in the document, a motion was
made and supported to approve the Bylaws as submitted and to recommend
approval by the City Commission.  The motion passed unanimously.

STAFF REPORTS

Mr. Chapla reported that the            City Commission recently authorized                  the
sale of a ten acre parcei of            land off Sherman Boulevard (part of                  the
Hughes   Builders      property)       to     Topper   Construction         for    industrial
development.

Other properties    in the area were discussed.

Mr.  Chapla  indicated       that  we         should  look         at the possibility  of
expanding the district       and will         present more         information at a later
meeting.
LOCAL DEVELOPMENT FINANCE AUTHORITY
MINUTES
PAGE 2

Mr.   Holdeman   then   discussed   the    idea   of    establishing      a    "local
enterprise zone"   in   the area and described the potential           benefits   for
the City if one were     created.   Some   efforts     have   been   started   toward
this possibility.

A date for the next meeting was then discussed.     March 20th at 7:30
a.m. was mentioned as a possibility, however it was decided to leave it
up to staff depending on items ready to be covered.


ADJOURNMENT


There being no further business,    the meeting was adjourned at 9:00 a.m.

hs

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