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HomeMy WebLinkAboutLansing Building Authority 2006 Minutes QaDjHjjG- TO: ® 1FEICE ® F THE CITY ATE' ® RIvEY MEMORANDUM Chris Swope, City Clerk FROM: Mary Jo Powell, Legal Assistant DATE: November 30, 2006 RE: Filing Request: Minutes of a Special Meeting of the Lansing Building Authority held on May 3, 2006 Please file the attached original minutes referenced above which were approved June 7, 2006, at a Special Meeting of the Lansing Building Authority. Thank you. t" ?a (VI co �� 1 Attachment no J^ f. Approved by the LBA at a Special Meeting on June 7, 2006 2036 1XCY 30 A H, IQ: j3 MINUTES OF A SPECIAL MEETING OF ,, " �,,U THE LANSING BUILDING AUTHORITY i "" �' CITY C I z R it HELD ON WEDNESDAY, MAY 3, 2006, 9:00 a.m. Members Present: Dean Johnson, Interim Public Service Director, Chair Jerry Ambrose, Finance Director, Treasurer Brigham Smith, City Attorney, Secretary Others Present: Jack Roberts, Law Department Donald Kulhanek, Law Department Sheila Wheeler, Finance Department Andy Kilpatrick, Transportation Department Robert Johnson, Planning & Development Director Mary Jo Powell, Recording Secretary, City Attorney's Office The meeting was held in the Public Service Department, 7`h Floor Conference Room, and was called to order by Dean Johnson, at 9:05 a.m.; roll call was taken and a quorum was present. Assistant City Attorney Donald Kulhanek asked to address the Members and spoke about the Bylaws and the duties and designation of the members. Motion was made by Jerry Ambrose to designate officers by position, that is the Chairman be the Public Service Director, the Treasurer be the Finance Director, and the Secretary be the City Attorney; supported by Brigham Smith; approved by 3-0 vote. It was noted that the board officers remain tied to city department head positions until changed by the authority since the designations were made by resolution not by changing the by-laws. Discussion ensued about changing the by-laws and the history of the board member appointments. No action was taken to change the by-laws. APPROVAL OF MINUTES A. December 16, 2005, Special Meeting of the Lansing Building Authority Motion was made by Brigham Smith to approve the December 16, 2005 Regular Meeting minutes; supported by Jerry Ambrose; minutes approved by 3-0 vote. 1. DELEGATION OF CHAIRMAN'S DUTIES Jack Roberts addressed the members regarding this item and stated that it is not necessary to 1 Approved by the LBA at a Special Meeting on June 7, 2006 discuss at this time since the election of officers has already been effecuated. 2. STADIUM DISTRICT Don Kulhanek addressed the members and briefed them on the upcoming closing regarding this project. The LBA needs to transfer the pertinent property to the City and the City will then transfer the property to the Stadium District development. The previous LBA minutes reflected that the Chair, Bill Bergman, was approved to sign to documents. Therefore, a resolution is needed to allow the current LBA chair to sign them. He then presented a resolution for approval. Discussion ensued about how LBA came to own the property. Jerry Ambrose asked if there was any debt associated with the property. Andy Kilpatrick spoke briefly about TIFA funds. Jerry then asked if we are getting anything for the property. Don Kulhanek responded, $750,000. More discussion ensued about any debt and TIFA money, followed by a brief discussion on remediation and contamination costs. Don Kulhanek said he believed these issues and the costs were stated in the Development Agreement. Motion was made by Brigham Smith to pass the resolution presented by Mr. Kulhanek; supported by Jerry Ambrose; resolution approved by 3-0 vote. 3. Other Business: A. TRIANGLE DEVELOPMENT Discussion began with Brigham Smith advising that another special meeting will be called at a later date for this matter. Discussion ensued regarding this development project. The members asked for a synopsis of the project since they have not been involved up to this point. Jack Roberts gave a brief overview. He then stated that he had received the title work and is working to clear title. He advised the members that part of the property is in the name of the LBA and part is in the name of the City. He suggested that the LBA may want to quit claim its part to the City to take care of the legal description issue. Discussion ensued about any TIFA interest in the property. Andy Kilpatrick stated that he believed there is TIFA interest in 3 of the City ramps, but not the triangle property and gave more detail about bonds and TIFA involvement in general. A question was raised as to whether revenue from the parking lot on the property is going toward the bond or to the parking system. Andy Kilpatricak responded "yes" to the parking system. Jack advised of another blemish in regard to this project, that being an arrangement with CATA regarding the CATA building and parking on the triangle property. Jack will be researching this issue and will include language in the documents, if necessary. 2 Approved by the LBA at a Special Meeting on June 7, 2006 Discussion ensued regarding the use of the surface parking after closing and until construction begins. Brigham Smith reviewed the Amended and Restated Agreement and said there is a term in the agreement that use of the parking area may continue for up to 24 months after closing. Jerry Ambrose stated he will need to know the use of the money from the sale of this parcel. A question was presented to Bob Johnson about whether there was a Brownfield on this property. It was believed that there was one, but Bob will check to see if the Brownfield has expired. B. TOWNSEND RAMP Andy Kilpatrick addressed the members and presented the current issues regarding the Townsend Ramp. The issues pertain to the lease agreements. He gave a brief history of the leases and the current issue regarding DMB spaces. The main issue being $40 per space versus $80 per space, per month. Also, Boji wants to reduce the number of their guaranteed spaces from 250 to 100. Discussion ensued regarding the Boji development and the request from the DMB in December regarding the reduction in payment amount for the spaces they are using. The LBA, in December, had instructed Transportation to invoice DMB for the spaces according to the lease agreement. Jack Roberts asked if this had been done. Andy responded, "no." The invoice has been prepared, but still working out the surrounding details. Discussion ensued regarding the amount of the invoice and affect if DMB cancelled the lease with the City. 4. Public Comment: None 5. Adjourn: Brigham Smith made a motion to adjourn; Jerry Ambrose supported the motion; the meeting was adjourned by unanimous vote, 3-0, at 10:05 a.m. Recorded and Su it by: Mary Jo P el , Recording Sec etary Legal Assistant, City Attorney's Office 3 THE LANSING BUILDING AUTHORITY WHEREAS the Lansing Building Authority (LBA) owns certain property located south of E. Michigan, west of Larch, and east of Cedar; and WHEREAS the LBA has determined that redevelopment of the property for a mixed use commercial and residential development is desirable; and WHEREAS the Stadium District L.L.C. has entered into an agreement with the City of Lansing to develop said property, along with adjacent parcels titled in the name of the City of Lansing, which requires the LBA to transfer said property to the City of Lansing. NOW, THEREFORE, BE IT RESOLVED that the LBA,by its Board of Directors, hereby approves transfer of said property, legally described as: Lots 1,2,3, and North 1/2 vacated alley adjacent thereto, and lots 23 and East 1/2 of vacated alley adjacent thereto, and lots 11 through 22 and parts of vacated alleys adjacent thereto; Ranney's subdivision of Lot 1, Block 241, Original Plat of the City of Lansing, County of Ingham, Michigan and The North 1/z of the East 1/2 and South 1/2 of the East 132 feet of Lot 2, Block 241, Original Plat, City of Lansing, Michigan. to the City of Lansing and furthermore authorizes its chairperson, Dean Johnson, to sign any necessary documents to effectuate the conveyance on behalf of the LBA, including a deed.