Local Development Finance Authority Minutes 04-11-0004

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                               CITY OF MUSKEGON
                 LOCAL DEVELOPMENT FINANCE AUTHORITY BOARD
                                    MEETING

                                April   11, 1994

The meeting was called to order at 8:05 a.m. by Vice Chair D. Seifert.

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

MEMBERS ABSENT:     kK. Harris,  L. Eklund,*   M. Sepeshy,   G. Martin,
                    R. Long (*Notified  Staff of absence  in advance of
                    meeting)

STAFF PRESENT:      D. Haas, T. Paul, J. Edmonson, L. Gannon

OTHERS PRESENT:     5S. Pleimling

APPROVAL OF MINUTES

Minutes of the meeting of August 18, 1993 were approved by voice vote.

ELECTION OF OFFICERS

“Motionto table election of officers to later in the meeting was made
by F. Farmer; supported by R. Kersman and unanimously approved.

FINANCIAL -REPORTS -AND- IMPACT OF -PROPOSAL "A"

A review of the financial update included in the agenda packet was
provided by T. Paul for LDFA I and LDFA II, and the known and
potential impacts of Proposal A on LDFA's.    P. Roy expressed concern
about pass-through, and the impact on the various entities was
discussed.     Staff was asked to investigate the possibility of
combining LDFA I and II and report at a future meeting. The impact of
IFT's on the school districts was discussed, and T. Paul indicated
Staff would reconsider the current policy.

 D. Haas reported that a request for zone change from industrial to
 general business had been received for an area on the south side of
 Sherman Boulevard, included in the Wal-Mart site. He also noted that
 a request from Tridonn for a zone change from industrial to business
 is anticipated for the nine acre parcel at the northeast corner of
 Sherman and U.S. 31.   The advantages of keeping the parcel industrial
 and changing to business were both discussed, and opposition to
 rezoning at this time, pending more information prior to a change and
 the impacts of combining LDFA I and II, was agreed on by Board
 members.

 HOME ACRES BUILDING SUPPLY

 Staff report on the request from Home Acres for payment of the cost of
 utility connections was provided by D. Haas;     P. Roy suggested that
 Staff contact the Whitehall] LDFA because of a similar misunderstanding
 there.  Motion was made by R. Hovey to approve the payment of costs to
Local Development Finance Authority Board Meeting Minutes
April    11, 1994
Page 2

provide water and sewer to the property line as previously agreed, and
to deny any additional utility payments to Home Acres;      motion was
supported by G. Sarut and unanimously approved.

ELECTION OF OFFICERS

Motion was made by P. Roy to elect existing LDFA officers:

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

Motion was supported by F. Farmer and unanimously approved.

Board members agreed to continue future LDFA meetings at 8:00 a.m. on
Mondays.

Meeting adjourned at 9:05 a.m.


4/11/94

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