HomeMy WebLinkAbout3-4-2022 Lansing Economic Development Corp1
Lansing Economic Development Corporation (LEDC)
Board of Directors Meeting
Friday, March 04, 2022 – 8:30 AM
LEAP Office
1000 S. Washington Ave. Ste. 201
Lansing, MI 48910
MINUTES
Members Present: Andrea Binoniemi, Blake Johnson, Dr. Alane
Laws-Barker, Calvin Jones, Jordan Sutton (left
9:38, excused), Brian McGrain
Members Absent:Michael McKissic (excused), Shelley Davis-
Boyd (excused), Tom Donaldson (excused)
Staff Present:Karl Dorshimer, Kris Klein, Kambriana Gates,
Mitchell Timmerman, Torrell Christian, Jennifer
Abood-Morris
Guests: William Love (Rehmann Robson), Mayor
Andy Schor
Call to Order/Roll Call
Chair Binoniemi called the Lansing Economic Development Corporation meeting
to order at 8:34. Klein took roll call attendance.
New Member Welcome
Chair Binoniemi welcomed new LEDC Board Member Sutton who gave a brief
introduction.
Approval of LEDC Board Meeting Minutes – Friday, February 04, 2022
MOTION: Jones moved to approve the LEDC meeting minutes from the Friday,
February 04, 2022 Board of Directors meeting, as presented. Motion seconded
by Johnson.
YEAS: Unanimous. Motion carried.
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Update on Financials
Abood-Morris provided an update on the January 2022 draft LEDC financials.
LEDC Audited Financial Statement YE June 30, 2021 (Action)
Love of Rehmann Robson presented the year-end June 30, 2021 LEDC Audited
financial statements and reviewed the audit information and report. Love
shared that Rehmann Robson offered a clear unmodified opinion of the
financial statements and standards.
MOTION: McGrain moved to receive the LEDC year-end financial audit, as
presented. Motion seconded by Jones.
YEAS: Unanimous. Motion carried.
2021 LEDC Annual Report Overview
Dorshimer presented the LEDC 2021 annual report preview for the board. Jones
asked if the annual report will include demographic data and what
communities were served. Klein shared that information will be included in the
report. Chair Binoniemi suggested to connect with neighborhood groups in the
N. Grand River area to build momentum for that particular CIA. McGrain gave
an update on some of the projects in the pipeline that was presented.
Program Updates
a. Façade Improvement Program
Gates gave an update on the façade improvement program and
the current number of completed applications. They are now in
the reviewing process and Gates will share with the LEDC all
approved applicants.
b. LEDC Site Committee
Gates and Christian gave an update on the Site Committee and
and the MLK CIA.
Economic Development Services Contract Update
Mayor Schor joined the LEDC meeting to provide an update on the contract
and services for LEDC. The Mayor stated he had made the decision to not
renew the contract between the LEDC and LEAP beginning July 1, 2022.
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Instead, the LEDC will hire its own staff to fulfill its duties to the City, Brownfield
Redevelopment Authority and Tax Increment Financing Authority.
Dorshimer updated the Board on the transition process and the preparations
currently underway, noting that additional resources will be needed in the short
term for equipment and services costs associated with the transition.
FY2021-2022 Budget Amendment – Equipment & Services (Action)
Chair Binoniemi shared the LEDC FY2021-2022 budget amendment for
equipment and services costs for the transition of the LEDC contract.
MOTION: Jones moved to approve the FY2021-2022 Budget Amendment, as
presented. Seconded by Laws-Barker.
YEAS: Unanimous. Motion Carried.
Open Forum for LEDC Board Members
None
Other Business
None
Public Comment
None
Adjournment
Chair Binoniemi called the Lansing Economic Development Corporation Board
of Directors meeting to adjourn at 10:03AM.
________________________________________________________
Karl Dorshimer, Vice President of Economic Development
Lansing Economic Area Partnership (LEAP)