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F Sp ee
I ap
CITY OF MUSKEGON
LOCAL DEVELOPMENT FINANCE AUTHORITY
REGULAR MEETING
MINUTES
September 21, 1992
The meeting was called to order at 8:00 a.m. by Chair K. Harris, and
roll was taken.
MEMBERS PRESENT: K. Harris; D. Seifert; G. Sarut; F. Farmer; R.
Hovey; H. Ginman, G. Milkins
MEMBERS ABSENT: L. Eklund; M. Sepeshy; S. Johnson; G. Martin;
P. Roy; £. Perraut
STAFF PRESENT: K. DePoy; T. Paul; D. Haas; L. Gannon
OTHERS PRESENT: W. Ohst (representing P. Roy); J. Houseman, Muskegon
Chronicle
APPROVAL OF MINUTES
Minutes of the regular meeting of April 6, 1992 were approved by voice
vote.
FINANCIAL REPORTS
Tax increment and SEV changes for the periods ending December 1, 1991
and July 1, 1992 for LDFA Districts I and II were distributed and
reviewed by Staff, as were the 1992-1993 projections for each
district.
1993 BUDGETS
Staff reviewed the fiscal 1993 budget detail projection and summary
for LDFA Districts I and II. The following discussion included
possible changes in the pass-through laws with regard to the State Aid
Act. Motion to recommend City Commission acceptance of the proposed
1993 budget was made by D. Seifert, supported by G. Sarut, and
approved by voice vote.
REVIEW OF PROJECTS
Staff reported on the status of the Roberts Street extension, Sherman
Lift Station, and the potential land acquisition in Fruitport Township
for future industrial development. Staff was asked to provide the
City Attorney's legal opinion on tax base sharing and the possible
creation of a district in the Township.
Meeting adjourned at 8:50 a.m.
\g
10/21/92
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