Local Development Finance Authority Minutes 09-11-1995

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                                    CITY OF MUSKEGON
                    LOCAL DEVELOPMENT FINANCE AUTHORITY
                                    REGULAR MEETING
                                          MINUTES


                                     September 11, 1995


The meeting was called to order at 8: 05 a.m. by K. Harris, and roll was taken.


MEMBERS PRESENT:             K. Harris, D. Seifert, L. Eklund, P. Roy, F. Farmer, G. Milkins,
                             R. Hovey, R. Kersman


MEMBERS ABSENT:              G. Sarut; R. Wabel; H. Ginman, excused; R. Long, excused


STAFF PRESENT:               B. Mazade, T. Paul,    J. Edmonson, L. Anguilm


OTHERS PRESENT:              None


APPROVAL OF MINUTES


Minutes of the regular meeting of November 22, 1994 were approved by voice vote, with one
revision.


NEW BUSINESS


1996 Budget Review - A review of budget specifics for LDFA I and II was given by T. Paul.
A discussion was held regarding the future growth of both LDFA’s and the possible use of
excess funds, if any are available. R. Kersman asked if there was any sewer work being done
on the Keating Street project. B. Mazade explained that it was a reconstruction project; and
water, sewer, and storm sewer would be replaced as needed. A motion to approve the LDFA
I and LDFA II budgets was made by D. Seifert, supported by R. Hovey, and was unanimously
approved.


Update on Roberts and Keating Street Project - Staff report was given by J. Edmonson in which
he explained that reconstruction of Keating from Austin to Harvey is being pushed back to next
year due to several scheduling problems with the project. It is scheduled to begin early in 1996.
He also reported that Roberts Street is completed, with the exception of several minor punch list
items.


Port City Industrial Park Sign - J. Edmonson described the sign presently located at the Sherman
and Laketon entrances and explained some of the problems involved with it, including
maintenance and name changes. After discussion by the board, the members decided to think
about other possibilities. Staff will bring possible designs to a future meeting for input from
board members.


There being no further business, the meeting was adjourned at 8:35 a.m.


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