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LOCAL DEVELOPMENT FINANCE AUTHORITY BOARD
REGULAR MEETING
MINUTES
Monday, November 27, 1989
The meeting was calied to order at 8:00 a.m. and the following persons
were present:
MEMBERS PRESENT: Diane Gauthier, Gerb Ginman, Bob Hovey, Greg
Milkins. Paul Roy, Gary Sarut and Don Siefert
MEMBERS ABSENT: Lou Eklund. Ken Harris, Steve Johnson and Gary
Martin
STAFF PRESENT: Rick Chapla, Cathy Brubaker-Clarke, Don Haas (present
after 8:30)
APPROVE MINUTES
Minutes from the last regular meeting were approved unanimously.
REVIEW OF PROPOSED "DEVELOPMENT AND TAX INCREMENT FINANCING PLAN FOR
THE MEDENDORP INDUSTRIAL CENTER."
Cathy Brubaker-Clarke summarized the proposed Plan which was prepared
and presented by Staff. General discussion followed, during which
several questions were raised. Aithough the proposed document
contained references to revenue projections, the final figures had not
been received from the City Assessor and these were to be furnished
separately, as soon as they are available. Proposed projects, covered
by the Pian, were described by Rick Chapla and discussed by the Board.
ADOPTION OF THE PLAN
After discussion was compieted, a motion was made by Seifert and
supported by Gauthier to adopt "The Development and Tax Increment
Financing Plan for the Medendorp Industrial Center. Locai Development
Finance Authority District II," as presented, with the final revenue
projections to be added. The motion was passed unanimously.
RECOMMENDATION TO CITY COMMISSION
After a brief discussion of timing for the Plan, a motion was made by
Hovey and supported by Seifert. that the Plan be forwarded to the City
Conmission requesting that a public hearing be set for December 19,
1989, and recommending that the Plan be approved following the
hearing. The motion was passed unanimously.
LDFA Minutes
November 27. 1989
Page 2
NEW MEMBERS
It was reported that two new members have been named by the Muskegon
Pubiic Schools Superintendent to represent the area of the new LDFA
district, which is within that school district's jurisdiction. Their
appointment will be confirmed and terms of office set by the City
Commission at their meeting November 28th.
NEXT MEETING
The time for the next meeting was discussed and was tentatively set
for January i5. 1990 at 8:00 a.m. Election of officers will take
place during the January meeting.
ADJOURN
There being no further business, the meeting adjourned at 9:05 a.m.
DH/g
1/18/90
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