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CITY OF MUSKEGON
LOCAL DEVELOPMENT FINANCE AUTHORITY
REGULAR MEETING
MINUTES
December 8, 1998
The meeting was called to order at 8:10 a.m. by Chairman D. Seifert and roll was taken.
MEMBERS PRESENT: D. Seifert, P. Roy, J. Hayner, R. Long, R. Kersman, R. Redmon,
P. Belisle, S. Peters-Kitchen
MEMBERS ABSENT: D. Harris, J. Derbin, K. Stehouwer, J. Essex
STAFF PRESENT: C. Brubaker-Clarke, B. Mazade, T. Paul, D. Smith, L. Anguilm
OTHER PRESENT: None
APPROVAL OF MINUTES
A motion to approve the minutes of the regular meeting of September 22, 1998 was made by F.
Redmon, supported by R. Long, and approved by unanimous voice vote.
Review of Past and Potential Projects
C. Brubaker-Clarke gave a brief review of some of the past LDFA projects. D. Seifert stated that
although a day care center had been listed as a potential project, it could be difficult to set up and
administer. A short discussion took place regarding this issue. P. Roy felt that the feasibility of
a vocational/training center should be explored.
Possible Sources of Funding
T. Paul gave a background on what effect Proposal A had on availability to capture funds. In
LDFA I, only non-school tax money can be captured. LDFA IJ could still capture schools taxes
for debt service. Due to the current lack of developable land in the City, C. Brubaker-Clark and
B. Mazade feel that a priority exists to develop roads and assemble land within our industrial
parks. A discussion on land assembly and acquisition took place. A discussion also took place
regarding what effect capturing of taxes would have on the local school districts. A motion to
develop a land assembly budget and restructuring of a pass-through agreement of the financial
budget, was made by F. Redmon, supported by R. Kersman, and approved by unanimous vote.
Staff will have this information ready for the next meeting to be held on February 9, 1999.
There being no further business, the meeting was adjourned at 9:15 a.m.
lja
12/9/98
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