HomeMy WebLinkAboutLansing Economic Development Corp Minutes 08.02.24The Lansing EDC’s Mission is to improve the Lansing community by fostering
economic growth that is strategic, sustainable and equitable.
Board of Directors Meeting
Friday, August 02, 2024 – 3:00 PM
Lansing Shuffleboard & Social Club – 325 Riverfront Dr, Lansing, MI 48912
MINUTES
Members Present: Chair - Shelley Davis Boyd, Vice-Chair - Calvin Jones,
Treasurer - Catherine Rathbun, Secretary - Dr. Alane
Laws-Barker, Chaz Carrillo, Jordan Sutton, Michael
McKissic
Members Absent: Sandra Lupien, Rawley Van Fossen
Staff Present: Karl Dorshimer, Kris Klein, Brandy Standler, Aurelius
Christian, Alex Watkins, and Chelsea Dowler
Guests: Paul and John Gentilozzi with other guests.
1) Call to Order/Roll Call
Chair Davis Boyd called the Lansing Economic Development Corporation meeting to
order at 3:03 PM.
2) Welcome to Lansing Shuffle
Paris from Lansing Shuffle welcomed the board and guests.
3) Approval of LEDC Board Meeting Minutes – Friday, July 12, 2024 (ACTION)
MOTION: Member Jones moved to approve the LEDC meeting minutes from the
Friday, July 12, 2024, Board of Directors meeting, as presented. Motion seconded by
member Rathbun.
YEAS: Unanimous, motion carried.
LEDC Board of Directors Meeting: Friday, August 02, 2024 Meeting Minutes Page 2 of 3
4) Strategic Site Readiness Program: Grant and Pledge Agreement (ACTION)
Klein provided an overview and purpose of the plan to prep the RACER Trust site,
formerly the GM Fisher Body plant location for future manufacturing.
Environmental remediation is needed for this project. The MEDC/MSF the
grantor and EDC the grantee. Award is $18.975 million. Project is executed over
5 years. 2024 – 2029. Annual and final reporting is required.
MOTION: Member Carrillo moved to approve the Strategic Site Readiness Program:
Grant and Pledge Agreement, as presented. Motion seconded by member Jones.
YEAS: Unanimous, motion carried.
5) Strategic Site Readiness Program: Deposit Account Control Agrmt. (ACTION)
Klein explained the request to enter into a DACA between Lansing EDC, MEDC, and PNC
Bank for receipt of the SSRP grant funds. No other Lansing EDC assets or bank accounts
would be accessible by the grantor under the DACA.
MOTION: Member Rathbun moved to approve the Strategic Site Readiness Program:
Deposit Account Control Agreement as presented. Motion seconded by member
Carrillo.
YEAS: Unanimous, motion carried.
3:25 PM meeting was recessed to call the Brownfield Meeting to order.
4:25 PM LEDC meeting was called back to order.
6) Financial Update
Standler updated the board that the audit is scheduled for the week of October 21st.
Net profit for 2024 is over $500,000. Net profit is expected to increase as
adjustments are made.
7) Corridor Updates
Washington provided an update on Corridors as well as the Placemaking project.
Washington announced she will be staying on with the Lansing EDC when her
fellowship concludes. Watkins announced the Façade grant award recipients. 14
awards for $150,000.
LEDC Board of Directors Meeting: Friday, August 02, 2024 Meeting Minutes Page 3 of 3
8) LEED Initiative Update
Christian discussed that the next Empower School cohort will be beginning the
program. The format has changed and includes additional content. Enhance Grants
Program applications opened August 1st.
9) Project Updates
Dorshimer noted that Neogen Brownfield plan will go to council on August 12th. The
public hearing will be held later in August.
10) Operations Update
Dorshimer reported that the office is continuing to progress. The search continues
to find an Economic Development Finance Specialist / additional staff person with a
strong finance background. Klein mentioned that the RFP for the EDC website
closes August 9th.
11) Open Forum for LEDC Board Members
Member Michael McKissic addressed the board regarding his commitment to the
Mikey 23 Foundation and impacting gun violence. Due to his commitment, he
announced he is stepping down and resigning his position on the board. Chair Davis
Boyd, member Jones, and member Dr. Laws-Barker thanked McKissic for his
contribution to the board and the community.
12) Other Business
None.
13) Public Comment
None.
14) Adjournment
Chair Davis Boyd called the Lansing Economic Development Corporation meeting to
adjournment at 4:49 PM.
________________________________________________________
Karl Dorshimer, President, and CEO
Lansing Economic Development Corporation (LEDC)