Local Development Finance Authority Minutes 09-15-1989

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                                 CITY OF MUSKEGON
                   LOCAL DEVELOPMENT FINANCE AUTHORITY BOARD
                                 REGULAR MEETING
                           Friday, September 15,      1989
                                     MINUTES

The meeting was called to order by Ken Harris at 8:10 a.m.

BOARD MEMBERS PRESENT:       Ken Harris,     Lou Ekiund, Greg Milkins,           Gary
                             Sarut, Paul     Roy

BOARD MEMBERS ABSENT:        Herb Ginman,     Don Seifert,      Bob Hovey,       Steve
                             Johnson. Steve DeCenzo (moved-Philadelphia),
                             Rich Steketee (moved)

As the current Board Members total          only 9    because    of the 2 vacancies,
there is a quorum for this meeting.

CITY COMMISSION:             Mayor Kruse

CITY STAFF:                  Don Haas.     Helene Secord

APPROVAL OF MINUTES
The minutes of the February 13, 1989 meeting were     read to the Board
Members by Ken Harris.  A motion was made by Gary Sarut and seconded by
Lou Eklund to approve the minutes as read.  Passed unanimously.

AREA ACTIVITY     UPDATE
Don Haas   presented a short discussion on       the following         topics:
   1)   Wippurfurth:   The City has sold a parcel of land (part of the
        Hughes Buiiders Property) to Wippurfurth, who is a developer.
        (Prior to this sale. a portion was sold to Harris Bros. for KL
        Industries).  There are no final. plans for the property, but two
        possibiiities are being pursued including the relocation of the
        Post Office.

        Marathon Property: The purchase was made in March for $266,000.
        This was purchased in time for the Biack Creek Road project.
        The city contracted with Moore-Bruggink to plat the area.     A
        preliminary plat has been completed. which includes 9 building
        lots.


        The project got underway quickly and is now operational.

        Tridonn    Development   -   Al   Juergens:    A     request    for   vacating   a
        portion of Sherman Blvd. (from the Black Creek Road intersection
        to the Railroad was received.  The County Road Commission wanted
        to deep it open for the possibility of future road use.      The
        City recommended vacation. Tridonn plans to develop part of the
        area within the right-of-way as they have purchased the lot to
        the North and South of the right-of-way.   Through meetings and
        compromise, there was a vacating of part of the area with a 100'
        EW section remaining open.      Subsequently, Mr. Juergens has
        modified his original plans.    He states that there is a firm
        developer for the first site near the intersection, pending
        certain details to be worked out.
LOCAL DEVELOPMENT FINANCE AUTHORITY MINUTES
PAGE 2

     5)   Intersection:    The intersection            work     at    Port        City     Blvd.   &
          Laketon Avenue has been completed.

BUDGET
Don Haas  presented a draft of a proposed LDFA budget for 1990.  There
were some questions and a brief discussion. At this point, Mayor Kruse
inter jected   that    the   LDFA   budget    must be     approved         under     the City's
current charter by September 25th.

Subsequently,    it was moved by      Roy    and     supported by      Milkens       to approve
the budget as    presented.

The vote for adopting the budget was unanimous.  The budget will                              now be
presented to the City Commission for final approval.

CONSIDERATION OF EXPANDING DISTRICT BOUNDARIES
This item is a “hold-over” from a previous meeting.     The Port City
Industrial Park is the current approved LDFA district.   Staff pointed
out limits of the existing industrial district to the West of U.S. 31,
which could be considered for expansion.

Roy informed the Board that the Port City Industrial Park is close to
fuli with the exception of 9 new sites on the Marathon Property.  Ifa
new  Industrial  Park  is desirable  and  the  possibilities  for  new
development exist--then,       "this is probably the way to go."                     He believes
that the Staff should take a close look at the situation, analyze the
impact. get a copy of the "Industrial Site Analysis". and provide the
Board with more information regarding possibilities for expansion.


After     additionai    discussion,         staff     agreed     to    obtain            additional
information for further discussion at the next meeting.

OTHER BUSINESS
Milkens  and Sarut asked   if         the    purchase    agreement          for    the     Marathon
property could be reviewed.           Mayor    Kruse    stated       that    it    was    a   public
document which is available.           Mr.    Haas    offered    to   go    through the file
with them after the meeting.

There being no further business Sarut moved to adjourn                             the     meeting;
seconded by Milkens. The vote to adjourn was unanimous.

The meeting was adjourned at 8:55 a.m.




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