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)