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CITY OF MUSKEGON
LOCAL DEVELOPMENT FINANCE AUTHORITY BOARD
REGULAR MEETING
Wednesday, December 7, 1988
MINUTES
The meeting was called to order at 8:00 a.m. by the Chairperson, Rich
Steketee. Roll call was taken and the following persons were present:
Board Members Present: Steve DeCenzo, Greg Milkins, Steve Johnson, Herb
Ginman, Donald Seifert, Louis Eklund, Gary Sarut,
Robert Hovey, Ken Harris, Sr., Rich Steketee and
Paul Roy
Board Members Absent: None
Staff Present: Rick Chapla, Don Haas, Cathy Brubaker-Clarke and Jim
Hudson
Others Present: None
Proposed Development Pian and TIF Plan. A draft of the proposed LDFA
development plan and tax increment financing plan'was presented and reviewed
by staff. Several questions were raised and discussed and. a few minor
corrections were decided.
Of particular concern to Mr. Roy was the wording in paragraph 8 on page 13,
relating to provisions for pass through of tax revenues to the taxing units.
After much discussion, some revised wording was agreed on.
Also discussed was some of the information to be included in exhibits which
was still being completed. Some of the revenue projections were to be
refined further to reflect the actual millage rates.
Staff pointed out the probable need and possibility of Future amendments to
the plan as additional information becomes available.
A motion was then made by Hovey and supported by Eklund to approve the
development plan and tax increment financing plan, with those changes and
exhibits to be added, as discussed; and to submit the approved plan to the
City Commission for public hearing and adoption on December 27, 1988. There
was no further discussion. The motion passed unanimously.
Marathon Property. Discussion of the Marathon property recommendations was
deferred until the next meeting when copies of the full WBDC report will be
available.
Bylaws and Budget. Mr. Steketee directed staff to begin preparing a draft
of the LDFA bylaws and 1989 budget in accordance with the LDFA Plan and Act
281 P.A. 1986. The draft will be reviewed by the Board when it is prepared.
Meeting Date. It was agreed that the next meeting will be held on
Wednesday, January 11, 1989, at 4:00 p.m. in the City Hall.
Members were encouraged to attend the City Commission meeting at 7:30 p.m.
on December 27th for the public hearing on the LDFA Plan if they can. A
hearing on the DDA Plan will also be held at that meeting.
Adjourn. There being no further business to discuss, the meeting was
adjourned at 10:00 a.m.
Donald Seifert, Secretary
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