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HomeMy WebLinkAboutTax Increment Finance Authority Meeting Minutes 05.13.24Lansing Tax Increment Finance Authority (TIFA) Board of Directors Meeting Friday, May 03, 2024 – 8:30 AM 401 S. Washington Sq. Ste. 101 Lansing, MI 48933 MINUTES Members Present: Chair - Shelley Davis Boyd, Vice-Chair - Calvin Jones, Secretary - Dr. Alane Laws-Barker, Chaz Carrillo, Jordan Sutton, Sandra Lupien, Rawley Van Fossen Members Absent: Treasurer - Catherine Rathbun, Michael McKissic Staff Present: Karl Dorshimer, Kris Klein, Brandy Standler, Aurelius Christian, Alex Watkins, Kahleea Washington, and Chelsea Dowler Guests: Call to Order Chair Davis Boyd called the Lansing Tax Increment Finance Authority meeting to order at 9:21 AM Approval of TIFA Board Meeting Minutes – Friday April 05, 2024 (ACTION) MOTION: Member Lupien moved to approve the TIFA meeting minutes from the Friday, April 05, 2024, Board of Directors meeting, as presented. Motion seconded by Member Carrillo. YEAS: Unanimous, motion carried. TIFA Financial Update Klein presented the budget update. Budget Update Klein noted for this fiscal year that various revenue increases are anticipated. The taxable values are anticipated to increase in 2024 leading to the strength of TIFA revenues. TIFA Discussion and Plan Update Dorshimer gave a educational presentation of what the TIFA is and how it works to finance public assets owned by the City in downtown Lansing. These public assets such as the Lansing Center and Parking facilities support and facilitate economic development activities in Lansing. Open Forum for TIFA Board Members None. Other Business None. Public Comment None. Adjournment Chair Davis Boyd called the Lansing Tax Increment Finance Authority meeting to adjournment at 10:05 AM. ________________________________________________________ Karl Dorshimer, President and CEO Lansing Economic Development Corporation (LEDC)