Local Development Finance Authority Minutes 01-27-1992

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                              CITY OF MUSKEGON
                 LOCAL DEVELOPMENT FINANCE AUTHORITY BOARD
                                   MEETING
                                   MINUTES

                                 January 27,         1992


Meeting was called to order at 8:00 a.m. by Chairman Harris.  Prior to
taking roll, Mr. Harris introduced new City Commissioner Pleimling and
guest Ellis Perraut.

MEMBERS PRESENT:    K.    Harris,   D.   Seifert,        G.   Sarut, P. Roy, F. Farmer,
                    G.   Martin,    H.   Ginman, G.         Milkins,    R.   Hovey

MEMBERS ABSENT:     L.  Eklund, S. Johnson, M. Sepeshy*      (*Staff                          was
                    notified of absence in advance of meeting)

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

OTHERS PRESENT:     E. Perraut, MEGA, City Commissioners                        S.    Pleimling
                    and B. Smith, Mayor N. Kruse

APPROVAL OF MINUTES

Minutes of the meeting November 25,                1991 were approved by voice vote.

ELECTION OF OFFICERS

Moved by P.   Roy and supported               by    F.   Farmer   to   re-elect       incumbent
officers for the year 1992:

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

Motion was unanimously approved. Due to absences at LDFA meetings
over the past two or more years,    Staff was asked to pursue the
replacement   of   board      member     S.        Johnson    with     the     City's    Public
Relations Committee.

FINANCIAL REPORT

The preliminary 1991 year end financial report was distributed, and
current status of both LDFA I and LDFA II was provided by Staff along
with   a breakdown of the revenues and expenditures in each account.
The report, incorporated herein, was accepted by board members.

OVERALL ECONOMIC DEVELOPMENT PLAN (OEDP)

An explanation of the OEDP and selection process for projects was
presented by Staff, as well as a 1991 year end status report on the
individual projects. A motion was made by D. Seifert and supported by
R.  Hovey  to resubmit these projects again in 1992;      motion was
unanimously approved:
Local    Development Finance Authority Board Meeting Minutes
January 27,     1992
Page 2

    --   Medendorp   Industrial  Center    Property   Acquisition and         Site
         Preparation
    --   Roberts Street Connector
    --   Property Acquisition, Port City Industrial Park Expansion
    -~   Getty Street Connector Improvements
    --   North  Getty   Street  Industrial   Area   Land Assembly and         Site
         Preparation

OTHER


A    Pacific    Floor   Machine   project to expand their current facility in
the Port City Industrial Park (increasing the City's tax base and
creating potentially 50 new jobs) was discussed;    it was noted that
support of the company's expansion has been in cooperation with MEGA,
Muskegon County and the City of Muskegon.

AIR QUALITY STATUS

Board members expressed appreciation to Representative Guy Vander Jagt
for his efforts in getting the State of Michigan to change Muskegon
County's    air   quality   status   from serious   to moderate,   a significant
advantage to the County in promoting industrial         development.

The next       meeting of the LDFA was set for          8:00   a.m.   on   Monday,
March 30,      1992.  Meeting adjourned at 8:45 a.m.


1g
1/27/92

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