Local Development Finance Authority Minutes 06-11-1996

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                                      CITY OF MUSKEGON
                      LOCAL DEVELOPMENT FINANCE AUTHORITY
                                      REGULAR MEETING
                                             MINUTES


                                           June 11,   1996


 The meeting was called to order at 8:05 a.m. by Vice Chairman D. Seifert, and roll was taken.

 MEMBERS PRESENT:               D. Seifert, G. Sarut, H. Schumacher, P. Roy, G. Milkins,
                                R. Hovey, R. Kersman


 MEMBERS ABSENT:                K. Harris, J. Hayner, R. Long, J. Derbin, F. Redmon

 STAFF PRESENT:                 J. Edmonson, M. Dugener, C. Brubaker-Clarke, L. Anguilm

 OTHERS PRESENT:                G. Pleva, Port City Signs

 APPROVAL OF MINUTES

 Minutes of the regular meeting of March 26, 1996, were approved as written.

 NEW BUSINESS

- Acceptance of Bids for Port City Industrial Park Signage - Staff report was given by
  C. Brubaker-Clarke. She reminded Board members that they had previously approved the style
  of the signs. She stated that only one bid for construction of the signs was received and that was
  from Port City Neon Signs Co. The bid was less than what had been budgeted for the project
  and would include two large signs and approximately 12 smaller signs. A motion to accept the
  bid from Port City Neon Sign Co. was made by R. Hovey, supported by R. Kersman, and
 unanimously approved.


 OTHER BUSINESS


 -       J. Edmonson gave an update on property purchases in the Medendorp Industrial Park.
         He plans to budget more money in the LDFA budget for 1997 for continuing property
         acquisitions. This year’s amount budgeted for that purpose was $100,000.

 -       R. Kersman commented that construction on Keating Street was going well and that he
         was receiving good cooperation from the construction crew.

 -       D. Seifert inquired as to how members are appointed to the LDFA board. J. Edmonson
         answered that each taxing entity has appointments to the Board and that J. Lottie takes
         care of this matter.


 There being no further business, the meeting was adjourned at 8:20 a.m.

  lja

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