Local Development Finance Authority Minutes 01-29-1991

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                              CITY OF MUSKEGON
                 LOCAL DEVELOPMENT FINANCE AUTHORITY BOARD
                               REGULAR MEETING
                                   MINUTES

                                       January 29,      1991



The meeting was called to order at 4:35 p.m.                    by Vice-Chair Seifert.

MEMBERS PRESENT:     D.        Seifert,  M.  Sepeshy,  F.              Farmer,    D.        Gauthier,
                     D.       Ginman, R. Hovey, P. Roy

MEMBERS ABSENT:                Eklund,        S.    Johnson,     K.     Harris,        G.     Martin,
                          .   Sarut,    G.    Milkins
                     G?




STAFF PRESENT:       T.       Paul,    R.    Chapla, T.     Winkler,    D.   Haas,     L.    Gannon

APPROVAL OF MINUTES

Moved by   F. Farmer to approve the minutes of the September                                10,   1990
meeting.   Supported by R. Hovey and unanimously approved.

ELECTION OF OFFICERS

Board members     unanimously          approved      election    of    officers      for      199]    as
follows:


                              Chairman, K. Harris
                              Vice-Chairman, D. Seifert
                              Secretary,       G.   Sarut
                              Treasurer,       R.   Hovey

D. Haas stated that Legal Counsel is G. Thomas Johnson,                          City Attorney,
and LDFA Depository is Shirley Moore, City Treasurer.

FINANCIAL REPORTS

Financial  reports for            LDFA I  and  II were distributed,    and were
explained by T. Paul.            He indicated that final 1990 financial reports
are in process and will          be supplied to Board members when available.

P. Roy expressed concern about pass-throughs and questioned whether
LDFA I and LDFA II could be combined.  Staff was asked to provide a
report on the possibility and feasibility of merging into a single
district.

LETTER OF INTENT

Following explanations by Staff of Post Office relocation and antici-
pated costs, motion made by R. Hovey to adopt a resolution authorizing
the Chairperson and Secretary to execute the letter of intent was
supported by F. Farmer and was unanimously approved.
Local Development Finance Authority Board Minutes
January 29, 1991
Page 2



MEDENDORP       INDUSTRIAL PARK - PLANNING & ENGINEERING STUDY

A motion was made by R. Hovey and supported by M. Sepeshy to postpone
consideration of the study to another meeting pending sufficient time
for Board members to review the material presented and detail of what
would be provided in the environmental review.   Staff was directed to
provide material on which the Board is to act in the future a week
prior to scheduled meeting dates, and to provide members with meeting
minutes within two or three weeks following a meeting.

OVERALL ECONOMIC DEVELOPMENT PROGRAM (OEDP)

Copies     of    the   City's   1990   project   list   was   distributed,   and   Staff
advised that the City Commission will determine what projects will be
submitted   to  the  West  Michigan   Shoreline  Regional  Development
Commission for inclusion in the area plan for 1991.     Any input from
Board members should be directed to D. Haas or R. Chapla.

Moved by F. Farmer and supported by D. Gauthier that the meeting be
adjourned at 5:20 p.m.    Unanimously approved.  Staff was asked to
schedule   future LDFA meetings   at 8:00 a.m.  rather than  in the
afternoon.



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01/30/91

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