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HomeMy WebLinkAbout2020 Minutes LBRA Lansing Brownfield Redevelopment Authority Board of Directors Meeting Friday, December 18, 2020 — 8:30 AM THIS MEETING WAS HELD ELECTRONICALLY* Access the meeting via: https://us02web.zoom.us/j/88511609359 *See attached Public Participation Notes Members Present: Calvin Jones (Lansing, MI), Thomas Donaldson (Lansing, MI), Brian McGrain (Lansing, MI), Blake Johnson (Grand Ledge, MI), Andrea Binoniemi (East Lansing, MI), Shelley Davis-Boyd (East Lansing, MI) Temporary Members Present: Julien Darden (Lansing, MI), Robert Widigan (Lansing, MI) Members Absent: Kimberly Coleman, Frederick Schaible (excused) Staff Present: Karl Dorshimer, Kris Klein, Hannah Bryant, Rachel Mcllvaine, Jennifer Abood Morris Guests: Eric Helzer, Jason Hockstok, Christopher Stralkowski, Call to Order/Rollcall/Meeting Process Chair Jones called the LBRA Board of Directors meeting to order at 8:30am. Chair Jones stated the reasons the meeting was taking place virtually and the procedures for roll call. Klein took roll call and went through the meeting process which included the participation rules for board members and the public. Approval of LBRA Board Meeting Minutes — Friday, November 6, 2020 MOTION: Donaldson moved to approve the LBRA meeting minutes from the Friday, November 6, 2020 LBRA Board of Director's meeting, as presented. Motion seconded by Binoniemi. Klein took a roll call vote, record as: Donaldson —yea McGrain —yea Johnson —yea Binoniemi —yea Chair Jones—yea Davis Boyd -yea YEAS: Unanimous. Motion carried. Red Cedar Project Plan #72 Project Update Dorshimer introduced the development team for the Red Cedar Project plan. Jason Hockstok provided a brief background of the project including the flood plain/contamination mitigation work on site. He walked through site photos of the flood plain mitigation, residential student housing photos, and the current site layout at the current development stage. Currently the project is on schedule even with the 7-week shut down due to COVID. Eric Helzer provided an update on the reimbursement progress, including the draws 1 — 13 which have taken place. The second bond issuance is soon to be made by the LBRA. Also, the development team stated they will need come back to the LBRA for consideration of a budget line-item adjustment. Chair Jones asked about the process if board members wished to tour the project. Chair Jones asked that LEAP staff work with Christopher Stralkowski to set up several tour options for LBRA Board members. Member Donaldson asked the Developers if the hotel projects where in jeopardy given current Pandemic. Mr. Hockstok responded the hotels operators were still committed and their expectations are that by the time the hotels open the demand for rooms will have rebounded significantly. Binoniemi commented that she lives close to the development site and wanted to let the developers know they are doing a great job with the noise and cleanliness of the site. Chair Jones shared that he has partaken in visit of the site and appreciated the developers being at today's meeting to provide an update. Temple Project Plan #78 Collateral Assignment (Action) Klein provided an overview of Temple Project request collateral assignment request of the LBRA that would allow the brownfield authority reimbursement payments to be made directly to the developer's lender for this project. Klein provided photos of the interior project demolition. MOTION: Binoniemi moved to approve the Temple Project Plan #78 Collateral Assignment, as presented. Motion seconded by Johnson. Klein took a roll call vote, record as: Donaldson —yea McGrain —yea Johnson —yea Binoniemi — yea Chair Jones—yea Davis-Boyd —yea YEAS: Unanimous. Motion carried. Collins Road Corridor Streetscape Plan Proposal (Action) Dorshimer provided a review on a proposal from Landscape Architects and Planners (LAP) to create a streetscape plan for the Collins Road Corridor. He explained that it is important to create a plan to coordinate all stakeholder efforts and that with the help from LAP this can be accomplished. MOTION: Donaldson moved to approve the Collins Road Corridor Streetscape Plan Proposal, as presented. Motion seconded by Binoniemi. Klein took a roll call vote, record as: 2 Chair Jones —yea Donaldson —yea McGrain —yea Davis-Boyd —yea Johnson —yea Binoniemi - yea YEAS: Unanimous. Motion carried. Open Forum for LBRA Board Members Chair Jones made a note about the signage in front of the Temple Building construction and was happy to see that, he thanked the staff for making sure those get placed on our current projects. Other Business Chair Jones introduced Tom Muth as a prospective board member. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LBRA Board of Director's meeting adjourned at 9:25 a.m. Karl orshim`er, Director of Economic Development Lansing Economic Area Partnership(LEAP) 3 4 Lansing Brownfield Redevelopment Authority Board of Directors Meeting Friday, November 6, 2020 — 8:30 AM THIS MEETING WILL BE HELD ELECTRONICALLY* Access the meeting via: https://us02web.zoom.us/i/82782259016 ID 827 8225 9016; Dial In (301) 715-8592 *See attached Public Participation Notes Members Present: Calvin Jones (Lansing, MI), Thomas Donaldson (Lansing, MI), Brian McGrain (Lansing , MI), Blake Johnson (East Lansing, MI), Frederick Schaible (Lansing, MI), Andrea Binoniemi (East Lansing, MI) Members Absent: Kimberly Coleman, Shelley Davis-Boyd (excused) Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Hannah Bryant, Rachel Mcllvaine, Jennifer Abood Morris Guests: Robert Widigan (City of Lansing) Call to Order Chair Jones called the LBRA Board of Directors meetingto order at 9:52 a.m. Approval of LBRA Board Meeting Minutes— Friday, September 11, 2020 MOTION: Binoniemi moved to approve the LBRA meeting minutes from the Friday, September 11, 2020 LBRA Board of Director's meeting, as presented. Motion seconded by Schaible Klein took a roll call vote, record as: Chair Jones —yea Donaldson —yea McGrain —yea Schaible—yea Johnson —yea Binoniemi - yea YEAS: Unanimous. Motion carried. Update on Financials Robert Widigan provided an update and reviewed the financial. Mr. Widigan stated the audit was still taking place at the city and shared that the financials so far were looking good, and once the audit is completed it will be presented to the board. Public Art Update— Reutter Park 1 5 Mcllvaine provided an update on the Reutter Park art piece to be located near the Metro Place and Lake Trust brownfield projects. Mcllvaine has been working with the city and the arts committee, where they received 11 proposals and selected a Mason based artist to create a 5ft tall bronze figure that will hold a sign for the "People's Park". The artist will be receiving support from the STEAM Magnet School in Lansing to help with the signage. The artist is currently working on the final design and be created and installed in spring 2021. Chair Jones recessed the LBRA meeting at 9:58 a.m. Chair Jones reconvened the LBRA and called to order at 10:01 a.m. Update on Red Cedar Project Dorshimer provided the update during the LEDC agenda and will provide another update during the December meeting, additionally where the Developers can provide an update. Open Forum for LBRA Board Members Chair Jones briefly asked about three types of brownfields. Dorshimer stated the three types are blight, obsolete, and environmentally contaminated. Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LBRA Board of Director's meeting adjourned at 10:02 a.m. Karl Dorshimer, Director of Economic Development Lansing Economic Area Partnership(LEAP) 2 Lansing Brownfield Redevelopment Authority Board of Directors Meeting Friday, September 11, 2020 — 8:30 AM THIS MEETING WAS HELD ELECTRONICALLY" Michigan Executive Order 2020-154 (COVID-19) provides temporary authorization of remote participation in public meetings and hearings. Members Present: Calvin Jones, Thomas Donaldson, Brian McGrain, Kimberly Coleman, Blake Johnson, Frederick Schaible (8:57) Members Absent: Shelley Davis-Boyd, Andrea Binoniemi Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Hannah Bryant, Rachel Mcllvaine Guests: Jon Hartzell (DRD) Kirstie Hardy (DRD) Brian Lefler (Baird) Jake Brower (City of Lansing) Gregory Venker (City of Lansing) Call to Order/ Rollcall / Meeting Process Chair Jones welcomed all and called the LBRA Board of Directors meetingto order at 8:43 a.m. Klein took roll call and went through the meeting process which includes participation rules for board members and the public. At 8:46 a.m, Chair Jones asked for a moment of silence and reflection for 9/11 and for LEDC board member, James Butler who recently passed. Approval of LBRA Board Meeting Minutes— Friday,August 7th, 2020 MOTION: Johnson moved to approve the LBRA meeting minutes from the Friday, August 7, 2020 LBRA Board of Director's meeting, as presented. Motion seconded by McGrain. Klein took a roll call vote, record as: Jones - yea Donaldson - yea Johnson - yea Coleman - yea McGrain - yea YEAS: Unanimous. Motion carried. Update on Financials Jake Brower was introduced and walked through the updated financials from the city, including the balance sheet and the budget. Tribute to James Butler Chair Jones stated that the LEDC provided a donation to Southside Community and sent flowers in 1 honor of James Butler. Dorshimer shared that the staff has been brainstorming some ideas regarding on how the LEDC could create a lasting memorial to James Butler. He said they landed on the idea of dedicating the Reutter Park art piece in the memory of James. Coleman shared her support for this. Chair Jones agreed and supported the idea as well. Donaldson supported and shared his recommendation of informing his family before announcing. It was directed that LEAP staff pursue this idea and report back to the Board. Public Art Update— Reutter Park Mcllvaine provided an update on the Reutter Park art piece regarding the installation and review process for the piece. The Request for Proposals received 11 submissions, and all have been reviewed. Once an artist and art piece has been selected she will be updating the board. Red Cedar Bond Resolution (Action) Dorshimer provided a background on the Red Cedar project and the bonds for this project. The first series of bonds has been sold and the proceed using to reimburse the developer. It is now time for a second series of bonds to be issued by the LBRA. Dorshimer stated that the resolution in the packet lays out the procedures and terms for the LBRA to do that. Lefler provide further background on the original transaction and stated the developer is hoping for a bond closing in the first or second week of November. Lefler stated a purchaser has not been identified but potentially could be the same purchaser for the first series. He added that there could be a request for a third bond series in the future.This request before the Board is the authorization of the bond indenture, which is stated to not exceed $9.5 million. Board member Schaible asked about the risk of this bond and why the LBRA is being asked. Lefler answered that it was because we don't know who the purchaser would be, so each bond series needs to have separate Board approval. Chair Jones asked for clarification on the order of each bond issuances. Lefler said that it depends on the revenue that is received from the TIF, but the purchaser of 2020-1 and 2020-2 stand together, which means no bond holder can be in a subordinate position. Additionally, Chair Jones requested more information on the potential third bond series. Lefler stated that this might be in April 2021 for a request of$8.2 million. Member Donaldson asked Lefler about what the max amount for the bonds for this project is, Lefler stated that the max is $49 million, but currently is projected to be $36 million. MOTION: Schaible moved to approve the Red Cedar Bond Resolution, as presented. Motion seconded by Coleman. Klein took a roll call vote, record as: Jones —yea Donaldson — nay Coleman —yea McGrain—yea Schaible—yea Johnson— (absent due to temporary technical issues) MOTION APPROVED: Four Yeas and One Nay A second vote for the motion was taken once Mr. Johnson was able to rejoin the meeting with the results being Five Yeas and One Nay. However, after consultation with the Lansing City Attorney, this second vote was deemed not necessary and therefore the results of the first vote are considered official and recorded here as such. Open Forum for LBRA Board Members 2 Chair Jones provided an update on LCC president and that he has been attending a lot of Lansing meetings. Chair Jones shared that he would like to invite him to our next meeting of the LEDC. Donaldson, Coleman, Schaible, and McGrain all supported and LEAP staff was directed to look into it. Other Business None was provided. Public Comment None was provided. Adjournment Chair Jones provided a thank you to everyone in taking a minute to remember 9/11 this morning. There being no further business, Chair Jones declared the LBRA Board of Director's meeting adjourned at 9:19 a.m. Karl D`orshimer, Director of Economic Development Lansing Economic Area Partnership(LEAP) 3 Lansing Brownfield Redevelopment Authority Board of Director's Meeting Minutes Friday, August 7, 2020 — 8:30 AM THIS MEETING WAS HELD ELECTRONICALLY* * Michigan Executive Order 2020-154 (COVID-19) provides temporary authorization of remote participation in public meetings and hearings. Members Present: Calvin Jones, Thomas Donaldson, Brian McGrain, Shelley Davis-Boyd, Andrea Binoniemi, Kimberly Coleman, Blake Johnson Members Absent: James Butler III, Frederick Schaible Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Hannah Bryant, Rachel Mcllvaine Guests: Jeff Scharnowske (city of Lansing), Jake Brower (city of Lansing) Call to Order Chair Jones welcomed everyone and called the LBRA Board of Directors meetingto order at 9:25 a.m. Approval of LBRA Board Meeting Minutes —Wednesday, July 15, 2020 MOTION: Binoniemi to approve the LBRA meeting minutes from the Friday, August 7, 2020 LBRA Board of Director's meeting, as presented. Motion seconded by McGrain. YEAS: Unanimous. Motion carried. Update on Financials Dorshimer introduced Jeff Scharnowske and Jake Brower from the city to present the financials from the city. Jake Brower went through the current LBRA balance sheet from June 30, 2020 as of August 6'h. Total asset is under$7 million, reduced liabilities by half a million. The fund balance is about 2.6 million. City is still working on the audit process so the numbers might change. Jake discussed the revenue which was approximately 3.1 million. Donaldson asked about revenues being low and Brower stated they are still working with Treasury and digging into it more and the city is a little delayed on the process. Chair Jones asked about the major adjustments that Brower mentioned, and asked if he could highlight those adjustments. Dorshimer added that in the past monthly financial updates were given but more recently the Board approved these reports be done on a quarterly basis for TIFA and LBRA. Brower expressed that there is a new finance director and he will be introduced to the board once he starts his new job. 1 Jeff Scharnowske stated once the city audit is completed the city will schedule with the board either December or January where it can be presented to the board. McGrain noted that the Scharnowske and Brower have been a great addition to the city. Dorshimer added that the finance department and treasury and LEAP staff have great communication with each other. Open Forum for LBRA Board Members None was provided. Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LBRA Board of Director's meeting adjourned at 9:38 a.m. Karl D`orshi er, Director of Economic Development Lansing Economic Area Partnership(LEAP) 2 Lansing Brownfield Redevelopment Authority Board of Director's Meeting Minutes Wednesday, July 15, 2020 — 8:30 AM THIS MEETING WAS HELD ELECTRONICALLY* * Michigan Executive Order 2020-129 (COVID-19) provides temporary authorization of remote participation in public meetings and hearings. Members Present: Calvin Jones, Thomas Donaldson, Brian McGrain, Shelley Davis-Boyd, Andrea Binoniemi, Frederick Schaible Members Absent: Kimberly Coleman, Blake Johnson, James Butler III, Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Hannah Bryant Guests: Jennifer Abood Morris (LEAP), Jake Brower (city of Lansing), Janet Michaluk Call to Order Chair Jones welcomed everyone and called the LBRA Board of Directors meetingto order at 9:21 am. Approval of LBRA Board Meeting Minutes —Wednesday, June 17, 2020 MOTION: Davis-Boyd moved to approve the LBRA meeting minutes from the Wednesday, June 17, 2020 LBRA Board of Director's meeting, as presented. Motion seconded by McGrain. YEAS: Unanimous. Motion carried. Brownfield 101 (Presentation and Discussion) Dorshimer presented a PowerPoint on what is brownfield is and how they work. Dorshimer shared that he plans to present the same presentation to the Lansing city council and others. Several members requested for a more in-depth presentation on a more complicated brownfield. Donaldson asked about the policies that are in place to check the developers work is accurate. Dorshimer explained that we work with a consultant to jointly review reimbursement requests by each line item that brownfield activities are completed, paid for by the Developer, and property documented. Open Forum for LBRA Board Members Chair Jones asked for an update on the 'Wing' Building. Dorshimer shared that there is no longer any brownfield incentives available to the new owner. Other Business Brower provided an update on the finances and shared that city is still working on their audit. He will provide a formal update at the next meeting. 1 Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LBRA Board of Director's meeting adjourned at 10:02 a.m. Karl Dorshimer, Director of Economic Development Lansing Economic Area Partnership(LEAP) 2 Lansing Brownfield Redevelopment Authority Board of Director's Meeting Minutes Wednesday, June 17, 2020 — 8:30 AM THIS MEETING WAS HELD ELECTRONICALLY* * Michigan Executive Order 2020-75(COVID-19) provides temporary authorization of remote participation in public meetings and hearings. Members Present: Calvin Jones, Thomas Donaldson, Blake Johnson, Brian McGrain, Shelley Davis-Boyd, Andrea Binoniemi Members Absent: Kimberly Coleman, James Butler III, Frederick Schiable Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Rachel Mcllvaine, Hannah Bryant Guests: Jennifer Abood Morris, Dillon Rush Call to Order Chair Jones welcomed everyone and called the LEDC Board of Directors meetingto order at 9:40am. Approval of LBRA Board Meeting Minutes —Friday, May 15, 2020 MOTION: McGrain moved to approve the LBRA meeting minutes from the Friday, May 15 LBRA Board of Director's meeting, as presented. Motion seconded by Binoniemi. YEAS: Unanimous. Motion carried. Michigan Realtor's BF Plan #79—Accelerated Reimbursement Approval (Action) Bryant provided an explanation of the Accelerated Reimbursement agreement and an update on the project's progress so far. It was negotiated by the staff, LBRA attorney, and the developer to utilize the Accelerated Reimbursement Agreement and the LBRA's revolving funds to reimburse the developer up to 50% of the public improvement costs, which are estimated at $81,500. Future tax increment revenue would be utilized to repay the LBRA the amount reimbursed to the developer, and the disbursed LBRF funds will accrue interest at the rate of 5% per year(estimated to be $20,000). MOTION: Boyd motioned to approve the Accelerated Reimbursement Agreement as presented. Motion seconded by Binoniemi. YEAS: Unanimous. Motion carried. Approval of FY2019 EPA Grant Lead Member and Budget Amendment (Action) Klein gave an overview of the FY2019 EPA Assessment Grant program and the need to shift the administration from the City of Lansing to the LBRA. Rush explained that the City of Lansing was used as the lead applicant originally to help secure the grant funds on a consultant's recommendation, but that the LBRA's system is better set up to administer the funds regionally. 1 This process was previously used in 2015 and will bring the administration "in house"for an easier process. Jones asked McGrain and Rush if the City of Lansing supports this change, and McGrain confirmed that yes the City of Lansing is supportive. MOTION: Binoniemi motioned to approve the amendment as presented. Motion seconded by Donaldson. YEAS: Unanimous. Motion carried. Approval of the FY2019/2020 LBRA Budget Amendment(Action) Klein provided an introduction to why the amendments are needed as the actual capture for some projects differs from the estimate that was originally approved in the budget. Actual capture was higher than anticipated. Other additional funds were also added from different grant and fee funding sources. MOTION: Binoniemi motioned to approve the amendment as presented. Motion seconded by Boyd. YEAS: Unanimous. Motion carried. Approval of FY202012021 LBRA Budget (Action) Klein explained that a few new plans were added to this year's budget and tax capture estimates were adjusted. MOTION: Johnson motioned to approve the budget as presented. Motion seconded by Binoniemi. YEAS: Unanimous. Motion carried. Open Forum for LBRA Board Members No other business. Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LEDC meeting adjourned at 9:59 a.m. Karl D'orshimer, Director of Economic Development Lansing Economic Area Partnership(LEAP) 2 Lansing Brownfield Redevelopment Authority Board of Director's Meeting Minutes Friday, May 15, 2020 -8:30 AM THIS MEETING WAS HELD ELECTRONICALLY* * Michigan Executive Order 2020-75 (COVID-19) provides temporary authorization of remote participation in public meetings and hearings. Members Present: Calvin Jones, Blake Johnson, Andrea Binoniemi, Kimberly Coleman, Fred Schaible, Brian McGrain Members Absent: James Butler III, Thomas Donaldson, Shelley Davis- Boyd Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Rachel Mcllvaine, Hannah Bryant Guests: Brian Lefler, Baird Ron Liscombe, Miller Canfield Bill Danhof, Miller Canfield Call to Order Chair Jones welcomed everyone and called the LBRA Board of Directors meeting to order at 8:34 a.m. Klein provided a brief explanation of the meeting process for remote participation for both board members and for the public. Rollcall was called by Klein and recorded for public record. Approval of LBRA Board Meeting Minutes-Thursday, April 9, 2020 MOTION: Schaible moved to approve the LBRA meeting minutes from the Thursday, April 9, 2020 LBRA Board of Director's meeting, as presented. Motion seconded by Binoniemi. YEAS: Unanimous. Motion Carried. Approval of LBRA Board Meeting Minutes-Wednesday, April 22, 2020 MOTION: Schaible moved to approve the LBRA meeting minutes from the Wednesday, April 22, 2020 LBRA Board of Director's meeting, as presented. Motion seconded by Johnson. YEAS: Unanimous. Motion Carried. Red Cedar LBRA Final Bond Term Sheet Dorshimer provided an update on the status of the Red Cedar Project. The project is still waiting on the State approval which will presented at the MSF meeting next week. The approval with the State is vital for the project. Dorshimer provided a diagram that 1 explained the flow of Bond funds and how these funds will be used to pay for brownfield eligible activities. Lefler provided an explanation of the eligible activities and that a trust indenture will show how these funds will be paid back with tax capture. Public Art for Communities Grant Match Mcilvaine gave an update on the Public Art for Communities Grant program funded by LEAP and PNC Foundation. The LEDC applied on behalf of the city of Lansing and were awarded $10,000 for a public art piece in Reutter Park. This piece of art will be strategically located in the park to be used as a gateway for the recent Brownfield developments projects located adjacent to the park. Schaible stated that it is important on the way this project is marketed and provide background on where these funds came from to create this art piece. MOTION: Schaible moved to approve the Resolution for Public Art for Communities Grant Match from the LBRF for public improvements. Motion seconded by Binoniemi. YEAS: Unanimous. Motion carried. Open Forum for LBRA Board Members None was provided. Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LBRA meeting adjourned at 9:06 a.m. r � Karl/Dorshirner, Director of Economic Development Lansing Economic Area Partnership (LEAP) 2 Lansing Brownfield Redevelopment Authority Special Board of Director's Meeting Minutes Wednesday, April 22, 2020- 8:30AM THIS MEETING WAS HELD ELECTRONICALLY* * Michigan Executive Order 2020-48 (COVID-19) provides temporary authorization of remote participation in public meetings and hearings. Members Present: Calvin Jones, Blake Johnson, Andrea Binoniemi, Kimberly Coleman, Fred Schaible, Shelley Davis-Boyd, James Butler III, Brian McGrain Members Absent: Thomas Donaldson Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Rachel Mcllvaine, Hannah Bryant Guests: Eric Helzer Jason Hockstock Adam Cummins Josiah Huber Greg Venker Ron Liscombe Brian Lefler Call to Order Chair Jones welcomed everyone and called the Special LBRA Board of Directors meeting to order at 8:32 a.m. Klein provided an overview of the meeting process for Members and for the public. Rollcall was called by Klein and recorded for public record. Plan #72 Red Cedar Redevelopment Project Project Presentation - Continental/Ferguson Karl introduced Jason Hockstok who presented an overview of the project. Jason reviewed the changes made to the project including the elimination the last integrated parking structure and the second phase of student housing. Jason went through the site plan and the different uses of each building including shops, restaurants, senior living, hotels, apartments, and the amphitheater. Discussion ensued. Proposed change in Project (Action)- Eric Helzer (ARS) Eric Helzer discussed the changes in the brownfield project as previously presented by Jason Hockstok. He also presented the resulting proposed changes to the line items and TIF tables in the brownfield Plan. He stated these changes were allowable per the language in the brownfield plan. MOTION: Binoniemi, moved to approve the proposed changes to the Red Cedar project, as presented. Motion seconded by Johnson. Roll call vote. 1 YEAS: Unanimous. Motion carried. Brownfield Plan Line Item Adjustments and Updated TIF Tables (Action) - Eric Helzer (ARS) MOTION: Binoniemi moved to approve the Brownfield Plan line items adjustments and updated TIF tables. Motion seconded by Davis-Boyd. Roll call vote. YEAS: Unanimous. Motion carried. Act 381 Work Plan MEDC/EGLE update - Eric Helzer (ARS) Dorshimer introduced Adam Cummins of MEDC who provided an update on the draft work plan for the MEDC, which enables the plan to capture the State Education Tax and School Operating Tax. With the state approval, there would be a substantial increase in the revenues. The draft 381 Work Plan was submitted a few weeks ago and the MEDC was reviewing it. Adam gave a brief timeline update which included the MEDC underwriting in process and other areas to be addressed. Dorshimer thanked the MEDC for their help during this process. Proposed Changes (amendments)to Development Agreement update- Lansing City Attorney's Office Greg Venker of the Lansing City Attorney's Office reviewed the amendments made to the 1 1 th amended Purchase and Development Agreement between the City and the Developer. These changes primarily pertained to the elimination of Phase 2 of the student housing and deletion of the last remaining integrated parking structure. Update on Bonding Process and Schedule - DiPerna Advisors, Baird & Miller Canfield Josiah Huber of DiPerna Advisors reviewed the latest schedule of events and tasks necessary prior to the LBRA issuing the Bonds for the Red Cedar Project. Amendment of Bond Resolution (Action) - Baird &Miller Canfield Ron Liscombe of Miller Canfield and Brian Lefler of Baird reviewed the necessary amendments to the LBRA Bond Resolution. MOTION: Binoniemi moved to approve the Amended Bond Resolution, as presented. Motion seconded by Davis-Boyd. Roll call vote. YEAS: Unanimous. Motion carried. 2 Open Forum for LBRA Board Members None was provided. Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LBRA meeting adjourned at 9:55 a.m. Karl D.,rshimer, Director of Economic Development Lansing Economic Area Partnership (LEAP) 3 Lansing Brownfield Redevelopment Authority Board of Director's Meeting Minutes Thursday, April 9, 2020- 8:30 AM THIS MEETING WAS HELD ELECTRONICALLY* * Michigan Executive Order 2020-15 (COVID-19) provides temporary authorization of remote participation in public meetings and hearings. Members Present: Calvin Jones, Thomas Donaldson, Blake Johnson, Andrea Binoniemi, Kimberly Coleman, Fred Schaible, Shelley Davis-Boyd Members Absent: James Butler III, Brian McGrain Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Rachel Mcllvaine, Hannah Bryant Guests: - Call to Order Chair Jones welcomed everyone and called the LBRA Board of Directors meeting to order at 9:34 a.m. Approval of LBRA Board Meeting Minutes- Friday, March 6, 2020 MOTION: Coleman moved to approve the LBRA meeting minutes from the Friday, March 6, 2020 LBRA Board of Director's meeting, as presented. Motion seconded by Binoniemi. YEAS: Unanimous. Motion carried. Plan #79 Michigan Realtors - Accelerated Reimbursement (Action) Dorshimer requested that this project be removed from agenda. He stated that we have been unable to come to final terms for the agreement and are continuing conversations with the Developer to bring back to the LBRA for action. MOTION: Davis-Boyd moved to table/remove the Michigan Realtors Accelerated Reimbursement Loan Agreement from the agenda. Motion seconded by Coleman. YEAS: Unanimous. Motion carried. Plan #72 Red Cedar Development Update (Discussion) Dorshimer stated that the project is making progress and currently working with the Developer and the MEDC get the 381 Work Plan approved. Johnson asked about the current activities that have already occurred on the site. Dorshimer responded the 1 Developer has chosen to move ahead and start the project without the final approval of their 381 Work Plan by MEDC. He said they did this to stay on schedule. Open Forum for LBRA Board Members None was provided. Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LBRA meeting adjourned at 9:42a.m. Karl Dershimer, Director of Economic Development Lansing Economic Area Partnership (LEAP) 2 Lansing Brownfield Redevelopment Authority Board of Director's Meeting Minutes Friday, March 6, 2020 -8:30AM LEAP Office 1000 S. Washington Ave. Ste. 201 Lansing, MI 48910 Members Present: Calvin Jones, Thomas Donaldson, Blake Johnson, Andrea Binoniemi, Kimberly Coleman Members Absent: Brian McGrain (E), Fred Schaible (E), Shelley Davis- Boyd (E), James Butler III Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Rachel Mcllvaine, Dillon Rush Guests: Brian Lefler (Baird) Call to Order Chair Jones welcomed everyone and called the LBRA Board of Directors meeting to order at 9:44 a.m. Approval of LBRA Board Meeting Minutes - Friday, February 7, 2020 MOTION: Coleman moved to approve the LBRA meeting minutes from the Friday, February 7, 2020 LBRA Board of Director's meeting. Motion seconded by Binoniemi. YEAS: Unanimous. Motion carried. Accelerated Reimbursement Request Brownfield Plan #78 (Action) MOTION: Binoniemi moved to approve the Accelerated Reimbursement Request for Brownfield Plan #78. Motion seconded by Johnson. YEAS: Unanimous. Motion carried. Brownfield Plan 101 Chair Jones asked Dorshimer to postpone Brownfield Plan 101 presentation and reschedule to the April meeting. 2019 EPA Assessment Grant (Discussion) Chair Jones introduced Rush to discuss the FY2019 EPA Assessment Grant. Rush provided a project overview and process to utilize funds. 1 Open Forum for LBRA Board Members None. Other Business None was provided. Public Comment None was provided. Lefler: Would the Brownfield Plan #78 developer receive less reimbursement, or how will they be able to pay the LBRA back? He is asking for a discussion about cash flow. Klein and Dorshimer affirm that the waterfall of the TIF capture makes the yearly Accelerated Reimbursement Loan Payment before the developer is reimbursed for any of their activities. They also stated the developer does not receive any less reimbursement over the life of the Plan as a result of the loan. Adjournment There being no further business, Chair Jones declared the LBRA meeting adjourned at 10:18a.m. Karl Ddshimer, Director of Economic Development Lansing Economic Area Partnership (LEAP) 2 Lansing Brownfield Redevelopment Authority Board of Director's Meeting Minutes Friday, February 7, 2020- 3:001PM Sleepwalker Spirits & Ale 1101 S Washington Ave. Lansing, MI 48910 Members Present: Calvin Jones, Thomas Donaldson, Brian McGrain, Fred Schaible, Blake Johnson, Andrea Binoniemi, Kimberly Coleman (arrive 3:13pm) Members Absent: Shelley Davis-Boyd (E), James Butler III Temp Members Present: None Staff Present: Karl Dorshimer, Hannah Bryant, Kris Klein, Rachel Mcllvaine, Jennifer Abood-Morris Guests: David Pierson, JP Buckingham, Brian Westrin, JP Buckingham, Brian Lefler, Adam Cummins Call to Order Chair Jones welcomed everyone and called the LBRA Board of Directors meeting to order at 3:05 p.m. Rollcall was called by Klein and recorded for public record. Welcome by Jeremy C. Sprague, President, Sleepwalker Spirits and Ale, Inc. Chair Jones introduced the owner of Sleepwalker, Jeremy Sprague. Sprague welcomed the Board and guests. Sprague provided a history and thanked the Board for their support of his project. Approval of LBRA Board Meeting Minutes- Friday, January 10, 2020 MOTION: Schaible moved to approve the LBRA meeting minutes from the Friday, January 10, 2020 LBRA Board of Director's meeting. Motion seconded by McGrain. YEAS: Unanimous. Motion carried. Brownfield Plan #79, 700 N. Washington Ave. (Action) Chair Jones recognized Bryant who then introduced BF Plan #79 and developer representatives Pearson and Westrin. Pearson and Westrin introduced plans to expand education services and host conferences with the new development, and that the existing buildings have been renovated several times and the space is not conducive to their uses. Pearson and Westrin explained the project would include demolishing the existing structures and build two new buildings as well as supporting improvements to the streetscape and public infrastructure. Buckingham introduced the Plan including eligibility, activities, duration and capture estimates. 1 There was discussion regarding the possibility of Saginaw Street becoming two-way in the future an more details regarding the public infrastructure improvements including in the plan. Lefler inquired about why state taxes were not captured as part of this Plan. Cummins mentioned that this Plan did not meet enough of the criteria to approve state tax capture. Tom Donaldson asked that staff address an inquiry he received via email from a member of the public which regards Lansing's complete street ordinance. MOTION: Schaible moved to approve LBRA Brownfield Plan #79, 700 N. Washington Ave. Motion seconded by Johnson. YEAS: Unanimous. Motion carried. LBRA Audited Financial Statements -YE June 30, 2019 (Action) Chair Jones recognized guests from Rehmann Robson to present the LBRA Audited Financial Statements for Year End June 30, 2019. Love provided an overview on the Independent Auditors Report with no findings, statement of account, balance sheet, Internal Controls Report, and other highlights of the Audited Financial Statements. MOTION: Binoniemi moved to approve the LBRA Audited Financial Statements-YE June 30, 2019. Motion seconded by Coleman. YEAS: Unanimous. Motion carried. Brownfield Plan Discussion a) Electric Charging Stations as Eligible Activities Dorshimer provided an overview of the Ingham County Brownfield Authority Resolution supporting EV Charging Stations. Discussion ensued. b) Coordination of Local and State Plan Approvals Dorshimer discussed increased coordination between the LBRA and Michigan Economic Development Corporation regarding Brownfield Plan approvals at the local and state levels. Discussion ensued. Open Forum for LBRA Board Members None. Other Business None was provided. 2 Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LBRA meeting adjourned at 4:26 p.m. Karl Dorshimer, Director of Economic Development Lansing Economic Area Partnership (LEAP) 3 Lansing Brownfield Redevelopment Authority Board of Director's Meeting Minutes Friday, January 10, 2020- 8:30 AM LEAP Office 1000 S. Washington Ave. Ste. 201 Lansing, MI 48910 Members Present: Calvin Jones, Thomas Donaldson, Shelley Davis-Boyd (arrived 8:39am), Brian McGrain, Fred Schaible, Blake Johnson, Kimberly Coleman, James Butler III (arrived 8:46am) Members Absent: Andrea Binoniemi (E) Temp Members Present: None Staff Present: Karl Dorshimer, Hannah Bryant, Kris Klein, Rachel Mcllvaine, Jennifer Abood-Morris Guests: Jeff Scharnowske, Judy Kehler, Eric Kehler, Bill Danhof, Eric Helzer, Christopher Stralkowski, Brian Lefler Call to Order Chair Jones welcomed everyone and called the LBRA Board of Directors meeting to order at 8:34 a.m. Rollcall was called by Klein and recorded for public record. Approval of LBRA Board Meeting Minutes - Friday, December 6, 2019 MOTION: Johnson moved to approve the LBRA meeting minutes from the Friday, December 6, 2019 LEDC Board of Director's meeting. Motion seconded by Donaldson. YEAS: Unanimous. Motion carried. Update on Brownfield Plan #72, Red Cedar Development Bond Financing (Discussion) Helzer provided an update on the project and current activities occurring on-site. Dorshimer introduced the Lefler as LBRA Financial Advisor and Danhof as LBRA Bond Council, and representatives of the development team, including Helzer and Stralkowski. The Board previously approved by resolution the conditional issuance of bonds to be utilized to financing Eligible Activities for the Red Cedar project. With the project now started the LBRA staff was working with the LBRA Financial Advisor and Bond Council to ensure the proper process if followed and all conditions are met prior to the issues of any LBRA Bonds. Dorshimer discussed the flow of funds to finance brownfield activities for the project including the issuance of bonds and use of bond proceeds. Lefler noted that the City is not pledging full faith and credit on these bonds, they are revenue bonds to be repaid through tax increment revenues generated on the project. Dorshimer outlined the steps of the bond issuance process. Discussion ensued. 1 Update on Proposed Brownfield Plan #79, 700 N. Washington Ave. (Discussion) Bryant introduced Brownfield Plan #79 in anticipation of consideration by the LBRA at a future meeting. This proposed Plan includes the demolishing of existing buildings and development of new facilities. A large component of the Plan includes large investments in public infrastructure. The proposed Plan meets the purposes of the recently adopted Brownfield Plan Policy. Brownfield 101 Presentation Chair Jones asked that this be presented at a future meeting. Open Forum for LBRA Board Members Chair Jones expressed his interest in the Board adopting a resolution in support of electronic vehicle charging stations as part of Brownfield Projects, much like the Ingham County Brownfield Authority recently adopted. Chair Jones discussed the possibly creating a subcommittee to explore this topic. Other Business None Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LBRA meeting adjourned at 9:25 a.m. Karl 6orshin er, Director of Economic Development Lansing Economic Area Partnership (LEAP) 2