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Home My WebLink About1995 TIFA minutesTAX INCREMENT FINANCE AUTHORITY OF THE CITY OF LANSING SPECIAL BOARD OF DIRECTOR'S MEETING MAYOR'S CONFERENCE ROOM NINTH FLOOR, LANSING CITY HALL WEDNESDAY, JANUARY 11, 1995 6:30 P.M. MEMBERS PRESENT: Robert Brockwell; David Hollister; Steven Morris; Joseph Pandy; John Petroff; William Porter, Jr.; Joseph Reid MEMBERS ABSENT: C. Patrick Babcock; Gerald Lett TEMPORARY MEMBERS PRESENT: Ed Carpenter; Jan Hayhow STAFF PRESENT: Dennis Sykes; Patricia Cook; Barbara Foreman GUESTS PRESENT: Gerald Boerner; Bob Johnson; Ken Lawless; Steve Serkaian; Kester So Chair Hollister called the meeting to order at 7:26 p.m. 1) APPROVAL OF THE DECEMBER 7, 1994 BOARD OF DIRECTOR'S MEETING MINUTES Motion - Joseph Reid motioned the Board to approve the December 7, 1994 Board of Director's Meeting Minutes as presented and place them on file. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 2) APPROVAL OF THE DECEMBER 15, 1994 SPECIAL BD OF DIRECTOR'S MTG MINUTES Motion - Robert Brockwell motioned the Board to approve the December 15, 1995 Special Board of Ditector's Meeting Minutes as presented and place them on file. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 3) OTHER BUSINESS A) TIFA 1994 Development & Refunding Bonds 1) Project Update - Waterfront Development Pat informed the Board that the TIFA 1994 Development & Refunding Bonds had gone smoothly with the aid and assistance of Kester So, as well as several City department people. Pat reminded the Board that a large portion of the refunded bonds would be used to alleviate the City's parking system debt. Lenora Jadun, Director of Public Service, will be keeping the Board informed on a monthly basis as to any new parking system programs and the Board will also ` receive monthly financial summaries on the parking system. The Board received a brochure which outlines the new "Renew By Mail" program for monthly permit parking & also a copy of the Permit Area Utilization Report for the Lansing Municipal Parking System. Pat mentioned that staff had met with Clark Construction Company regarding the landscape waterfront development and that Clark is proposing that they continue with their current Lansing Center contract and modify the contract to include a $45,000 management fee and also reimbursables in the amount of $73,828 for the landscape project. Motion - Joseph Reid motioned the Board to approve that Clark Construction Company continue with their current contract as Construction Managers. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 4) PUBLIC COMMENT Chair Hollister mentioned that Joseph Reid has been elected Chairman of the Board of the Greater Lansing Regional Chamber of Commerce. `5) ADJOURNMENT Chair Hollister declared the meeting adjourned at 7:36 p.m. Minutes by B. Foreman Patricia A. Cook TIFA Manager TAX INCREMENT FINANCE AUTHORITY OF THE CITY OF LANSING Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall Wednesday, February 1, 1995 6:30 P.M. MEMBERS PRESENT: Robert Brockwell; David Hollister; Steven Morris; Joseph Pandy; John Petroff; William Porter, Jr.; Joseph Reid MEMBERS ABSENT: C.Patrick Babcock; Gerald Lett TEMPORARY MEMBERS PRESENT: Ed Carpenter; Jan Hayhow STAFF PRESENT: Patricia Cook; Barbara Foreman; Dennis Sykes GUESTS PRESENT: Robert & Bonnie Bennett; Gerald Boerner; Cora Huguely; Lenora Jadun; Bob Johnson; Judy Kehler; Chuck Miller Chair Hollister called the meeting to order at 6:46 p.m. 1) ELECTION OF OFFICERS Motion — Joseph Pandy motioned the Board to re—nominate the current officers (David Hollister, Chair; Steven Morris, Vice—Chair; Dennis Sykes, Secretary; and John Petroff, Treasurer). Joseph Reid seconded the motion. Yeas: Unanimous. Motion carried. 2) APPROVAL OF THE JANUARY 11, 195 SPECIAL BD. OF DIRECTOR'S MTG. MINUTES Motion — Steven Morris motioned the Board to approve the January 11, 1995 Special Board of Director's Meeting Minutes as presented and place them on file. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 3) FINANCIAL STATEMENTS — DECEMBER, 1994 Motion — Joseph Reid motioned the Board to approve the Financial Statements (December, 1994) as presented and place them on file. Steven Morris seconded the motion. Yeas: Unanimous. Motion carried. 4) LANSING CENTER PHASE II A — Change Order ($57,780.95) Motion — Joseph Reid motioned the Board to approve the Change Order as presented. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 5) RESOLUTION OF SUPPORT FOR CITY'S SITE REMEDIATION APPLICATION TO MDNR FOR BASEBALL STADIUM SITE Motion — Robert Brockwell motioned the Board to accept the resolution as presented. Joseph Pandy seconded the motion. Yeas: Unanimous. Motion carried. Lenora Jadun, Public Service Director, briefly commented on the Lansing Municipal Parking System Activity Report that was received by each Board member. Motion — Joseph Pandy motioned the Board to approve a 4:30 p.m. meeting time for future TIFA Board Meetings. Joseph Reid seconded the motion. Yeas: Unanimous. Motion carried. Joseph Reid requested that the Mayor send a letter to the President of Michigan State University indicating support of the relocation of the Detroit School of Law to the East Lansing area. Motion — Joseph Reid motioned the Board to support the relocation of the Detroit School of Law to the East Lansing/MSU area. Robert Brockwell seconded the motion. Yeas: Unanimous. Motion carried. 6) EXECUTIVE SESSION — It was moved by Chair Hollister and unanimously agreed to by the TIFA Board at 7:10 p.m. to enter into Executive Session for the purpose of holding a discussion on the topic of Property Acquisition. Due to a conflict of interest, Steven Morris was excused by the Chair from attending the Executive Session. The Board ended the Executive Session at 7:26 p.m. 7) PUBLIC COMMENTS None. 8) ADJOURNENT Chair Hollister declared the meeting adjourned at 7:30 p.m. Patricia A. Cook EDC Manager Minutes by B. Foreman TAX INCREMENT FINANCE AUTHORITY OF THE CITY OF LANSING Special Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall Wednesday, March 1, 1995 4:30 p.m. 111:�i11 i ti ++ J I r I �! C! i-li�} MEMBERS PRESENT: David Hollister; Steven Morris; Joseph Pandy; John Petroff; William Porter, Jr.; Joseph Reid MEMBERS ABSENT: C. Patrick Babcock; Robert Brockwell; Gerald Lett TEMPORARY MEMBERS PRESENT: Ed Carpenter TEMPORARY MEMBERS ABSENT: Jan Hayhow STAFF PRESENT: Patricia Cook; Barbara Foreman; Dennis Sykes GUESTS PRESENT: Gerald Boerner; Lenora Jadun; Judy Kehler; Harold Leeman; Chuck Miller; Kelly Thompson Chair Hollister called the meeting to order at 5:37 p.m. 1) APPROVAL OF THE BOARD OF DIRECTOR'S MEETING MINUTES FROM FEB. 1, 1995 Motion - .John Petroff motioned the Board to approve the February 1, 1995 Board of Director's Meeting Minutes as presented and place them on file. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 2) FINANCIAL STATEMENTS - JANUARY, 1995 Motion - Joseph Reid motioned the Board to approve the Financial Statements (January, 1995) as presented and place them of file. Joseph Pandy seconded the motion. Yeas: Unanimous. Motion carried. 3) TIFA FY 195/96 BUDGET Motion - Steven Morris motioned the Board to approve the TIFA FY '95/96 Budget as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. i 4) LANSING CENTER PHASE II A A) Change Order - $8,817.07 Motion - William Porter, Jr. motioned the Board to approve the Change Order as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. Pat Cook reminded the Board that at the February 1, 1995 Board Meeting they had approved two handicapper doors for the Lansing Center. The original request from the Lansing Center was for six handicapper doors and Pat mentioned that she had received a proposal from Clark Construction Company in the amount of $26,025 for the additional doors and asked the Board for their approval. Motion - Joseph Reid motioned the Board to approve the additional handicapper doors for the Lansing Center as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. B) Energy Management System Payment Pat briefly explained the request by the Lansing Center for payment in the amount of $185,000 for their Management System. Pat explained that payment for the Management System was not part of the original contract with the Lansing Center. Motion - John Petroff motioned the Board to deny the Lansing Center request as presented. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 5) WATERFRONT REDEVELOPMENT A) Landscape Architect Contract The Board received a.copy of the Proposal for Landscape Architectural Services submitted by Grissim Metz Associates. Pat mentioned that the Contract amount will be $120,000. Motion - Joseph Reid motioned the Board to approve the Architectural Contract with Grissim Metz Associates as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. B)i TIFA Project Coordinator Contract i Pat mentioned that the TIFA portion of the payment to Capitol Consultants for the Project Coordinator will be an amount not to exceed $31,200 for a period of thirteen months. Motion — John Petroff motioned the Board to approve the payment from TIFA for the Project Coordinator Position as presented. Joseph Pandy seconded the motion. Yeas: Unanimous. Motion carried. 6) EXECUTIVE SESSION It was moved by Chair Hollister and unanimously agreed to by the TIFA Board at 5:46 p.m. to enter into Executive Session for the purpose of holding a discussion on the topic of Property Acquisition. Due to a conflict of interest, Steven Morris was excused by the Chair from attending the Executive Session. The Board ended the Executive Session at 5:58 p.m. 7) PUBLIC COMMENT Kelly Thompson, from Downtown Lansing, Inc., handed out to the Board a list of downtown projects that are currently underway. 8) ADJOURNMENT Chair Hollister declared the meeting adjourned at 6:03 p.m. Patricia A. Cook EDC Manager Minutes by B. Foreman TAX INCREMENT FINANCE AUTHORITY.— OF UTHORITY.,.,OF THE CITY OF LANSING BOARD OF DIRECTOR'S MEETING ,.. MAYOR'S CONFERENCE ROOM' ' i' -i' i NINTH FLOOR, LANSING CITY H,�Lv "NO CIT GLEP%1, WEDNESDAY, APRIL 5, 1995 4:30 P.M. MEMBERS PRESENT: Robert Brockwell; David Hollister; William Long; Val Moeller; Steven Morris; Joseph Pandy; John Petroff; William Porter, Jr.; Joseph Reid MEMBERS ABSENT: None TEMPORARY EDC MEMBERS PRESENT: Ed Carpenter; Jan Hayhow STAFF PRESENT: Pam Blough; Barbara Foreman; Dennis Sykes; Peggy Vaughn GUESTS PRESENT: Dwight Ebaugh; Cora Huguely; Judy Kehler; Harold Leeman; Eleanor Love; Chuck Miller; Kester So; Kelly Thompson Chair Hollister called the meeting to order at 5:09 p.m. 1) APPROVAL OF SPECIAL BD. OF DIRECTOR'S MTG. MINUTES FROM MARCH 1, 1995 Motion - Steven Morris motioned the Board to approve the March 1, 1995 Special Board of Director's Meeting Minutes as presented and place them on file. Joseph Pandy seconded the motion. Yeas: Unanimous. Motion carried. 2) TIFA PREPAYMENT OF "CONTRACT OF LEASE" WITH CITY A) Resolution to Reaffirm Executive Committee Authorization for Property Acquisition Motion - Joseph Pandy motioned the Board to approve the Resolution as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 3) WATERFRONT REDEVELOPMENT UPDATE (Information Only) Pam Blough gave a brief presentation to the Board regarding the Waterfront Redevelopment which included drawings prepared by Grissim Metz Associates - landscape architects for the Project. Cora Huguely mentioned that the plans for the Waterfront Redevelopment need to include adequate restroom facilities. 4) PUBLIC COMMENT None. 5 ) ADJOURNMENT Chair Hollister declared the meeting adjourned at 5:35 p.m. Minutes by B. Foreman Patricia A. Cook TIFA Manager TAX INCREMENT FINANCE AUTHORITY OF THE CITY OF LANSING Board of Director's Meeting 1: i E _ 1� ;1;'( 9: Z Mayor's Conference Room Ninth Floor, Lansing City Hall CITY CLERK Wednesday, May 3, 1995 5:00 P.M. MEMBERS PRESENT: Robert Brockwell; David Hollister; William Long; Val Moeller; Steven Morris; John Petroff; William Porter, Jr.; Joseph Reid MEMBERS ABSENT: Joseph Pandy TEMPORARY EDC MEMBERS PRESENT: Ed Carpenter; Jan Hayhow STAFF PRESENT: Pam Blough; Patricia Cook; Barbara Foreman; Dennis Sykes; Peggy Vaughn GUESTS PRESENT: Bob Johnson; Judy Kehler Chair Hollister called the meeting to order at 6:06 p.m. 1) APPROVAL OF THE BD. OF DIRECTOR'S MEETING MINUTES FROM APRIL 5, 1995 Motion — Steven Morris motioned the Board to approve the April 5, 1995 Meeting Minutes as presented and place them on file. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 2) TIFA FINANCIAL STATEMENTS — FEBRUARY & MARCH, 1995 Motion — Steven Morris motioned the Board to approve the Financial Statements (February & March, 1995) as presented and place them on file. Robert Brockwell seconded the motion. Yeas: Unanimous. Motion carried. 3) WATERFRONT REDEVELOPMENT UPDATE (Information Only) Pam Blough informed the Board that the past month has been spent defining the design of the project. A package should be prepared and ready to go out for bids by the beginning of June and construction should begin sometime around the 1st of July. 4) PUBLIC COMMENT None. 5 ) ADJOURNMENT Chair Hollister declared the meeting adjourned at 6:15 p.m. Minutes by B. Foreman 6�4e,c�o— d. C/� Patricia A. Cook TIFA Manager TAX INCREMENT FINANCE AUTHORITY OF THE CITY OF LANSING Board of Director's Meeting Fri Mayor's Conference Room LAIS1C11 Y CLERK Ninth Floor, Lansing City Hall Wednesday, June 28, 1995 5:00 p.m. MEMBERS PRESENT: Robert Brockwell; David Hollister; Val Moeller; John Petroff; Joseph Reid MEMBERS ABSENT: William Long; Steven Morris; Joseph Pandy; William Porter, Jr. TEMPORARY EDC MEMBERS PRESENT: Ed Carpenter TEMPORARY EDC MEMBERS ABSENT: Jan Hayhow STAFF PRESENT: Patricia Cook; Barbara Foreman; Dennis Sykes; Peggy Vaughn GUESTS PRESENT: Marc Cory; Kester So; Kelly Thompson; Joe Wald Chair Hollister called the meeting to order at 6:04 p.m. 1) APPROVAL OF THE BOARD OF DIRECTOR'S MEETING MINUTES FROM MAY 3, 195 Motion - Robert Brockwell motioned the Board to approve the May 3, 1995 Meeting Minutes as presented and place them on file. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 2) TIFA FINANCIAL STATEMENTS - APRIL, 1995 Motion - John Petroff motioned the Board to approve the Financial Statements (April, 1995) as presented and place them on file. Joseph Reid seconded the motion. Yeas: Unanimous. Motion carried. 3) WATERFRONT REDEVELOPMENT UPDATE (Information Only) Pat Cook informed the Board that the first bid packages have been sent out for the Waterfront Redevelopment. Construction is to begin the 2nd week of July. The•Waterfront Redevelopment Ground Breaking will be Thursday, July 6th at 12 noon (West of the Lansing Center, on the banks of the Grand River). 4) ENGAGEMENT OF FY 194/95 AUDITORS Pat Cook made the same recommendation to the Board for the '94/95 TIFA Audit as for the EDC Audit, to engage the firm of Kutas Hawes Wolcott & Bergman, P.C. An amount of $3,900 was quoted by the firm for performing the FY 194/95 TIFA Audit. Motion — Joseph Reid motioned the Board to approve engaging Kutas Hawes Wolcott & Bergman, P.C. to perform the FY 194/95 TIFA Audit. Robert Brockwell seconded the motion. Yeas: Unanimous. Motion carried. 5) PUBLIC COMMENT None. 6 ) ADJOURNMENT Chair Hollister declared the meeting adjourned at 6:10 p.m. Minutes by B. Foreman d. �� Q �- Id - Patricia A. Cook TIFA Manager TAX INCREMENT FINANCE AUTHORITY OF THE CITY OF LANSING Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall Wednesday, August 2, 1995 4:30 P.M. MEMBERS PRESENT: Val Moeller; Joseph Pandy; John Petroff; William Porter, Jr.; Joseph Reid MEMBERS ABSENT: Robert Brockwell; David Hollister; William Long; Steven Morris TEMPORARY EDC MEMBERS PRESENT: Ed Carpenter; Jan Hayhow STAFF PRESENT: Patricia Cook; Barbara Foreman; Dennis Sykes; Peggy Vaughn GUESTS PRESENT: Kelly Thompson Joseph Reid called the meeting to order at 4:38 p.m. 1) APPROVAL OF THE SPECIAL BD. OF DIRECTORS MTG. MINUTES FROM 6/28/95 Motion - Joseph Reid motioned the Board to approve the June 28, 1995 Meeting Minutes as presented and place them on file. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 2) TIFA FINANCIAL STATEMENTS - MAY & JUNE, 1995 Motion - Val Moeller motioned the Board to approve the Financial Statements (May & June, 1995) as presented and place them on file. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 3) WATERFRONT REDEVELOPMENT PROJECT UPDATE (Information Only) Pam Blough informed the Board that the first bid pack has been submitted and is still under evaluation and negotiation. The second bid pack has gone out for bid. Construction is to begin September 5th 195. 4) OTHER BUSINESS Joe Pandy mentioned that the Board of Water & Light has agreed with Gary Granger on a sale price for the BWL building in the amount of $5,157.000. The next step in the process is a Public Hearing. It will take six council votes to approve the transaction. The building has been shown to the architect retained by Ingham County to study the feasibility of a Hall of Courts for the building. 5) PUBLIC COMMENTS None. 6 ) ADJOURNMENT Joseph Reid declared the meeting adjourned at 4:50 p.m. Minutes by B. Foreman Patricia A. Cook TIFA Manager TAX INCREMENT FINANCE AUTHORITY OF THE CITY OF LANSING SPECIAL BOARD OF DIRECTOR'S MEETING MAYOR'S CONFERENCE ROOM NINTH FLOOR, LANSING CITY HALL WEDNESDAY, SEPTEMBER 27, 1995 4:30 P.M. F- N' --S �n��n n � AN' --Si � Ci CLER- K MEMBERS PRESENT: Robert Brockwell; David Hollister; William Long; Steven Morris; Joseph Pandy; John Petroff; William Porter, Jr.; Joseph Reid MEMBERS ABSENT: Val Moeller TEPORARY EDC MEMBERS PRESENT: Ed Carpenter; Jan Hayhow STAFF PRESENT: Patricia Cook; Barbara Foreman; Dennis Sykes; Peggy Vaughn GUESTS PRESENT: Pam Blough; Charlie Hawes; Judy Kehler; Ken Lawless; Eric Schobert; Kester So Chair Hollister called the meeting to order at 5:42 p.m. 1) APPROVAL OF THE BD. OF DIRECTORS MTG. MINUTES FROM AUGUST 2, 1995 Motion — Robert Brockwell motioned the Board to approve the August 2, 1995 Meeting Minutes as presented and place them on file. Steven Morris seconded the motion. Yeas: Unanimous. Motion carried. Joseph Pandy and Joseph Reid left the meeting at 5:50 p.m. 2) TIFA FY 194/95 DRAFT AUDIT Motion — Robert Brockwell motioned the Board to receive and place on file the FY 194/95 Draft Audit, which was prepared by Kutas Hawes Wolcott & Bergman PC. William Long seconded the motion. Yeas: Unanimous. Motion carried. 3) WATERFRONT REDEVELOPMENT PROJECT A) Change Order #2 (Testing Contract) — $16,700.00 B) Change Order #3 (Bid Package #1) — $1,066,000.00 C) Change Order #4 (Bid Package #2A -2C) — $988,200.00 Motion — John Petroff motioned the Board to approve Change Orders #2, 3 & 4 as presented. William Long seconded the motion. Yeas: Unanimous. Motion carried. D) Resolution Authorizing TIFA Fund Balance Appropriation to Waterfront Redevelopment FF & E Pat Cook explained to the Board that this Resolution authorizes transferring TIFA fund balance not required to complete the Lansing Center Project to the Waterfront Redevelopment Project. Motion — William Porter, Jr. motioned the Board to approve the Resolution as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 4) PUBLIC COMMENT None. 5) ADJOURNMENT Chair Hollister declared the meeting adjourned at 6:10 p.m. Minutes by B. Foreman Patricia A. Cook TIFA Manager MEMBERS PRESENT: David Hollister; Val Moeller; John Petroff; William Porter, Jr.; Joseph Reid MEMBERS ABSENT: Robert Brockwell; William Long; Steven Morris; Joseph Pandy TEMPORARY EDC MEMBERS PRESENT: Ed Carpenter; Jan Hayhow STAFF PRESENT: Patricia Cook; Barbara Foreman; Dennis Sykes; Peggy Vaughn GUESTS PRESENT: Kester So Chair Hollister called the meeting to order at 4:41 p.m. The Board received a copy of the Quarterly Parking System Report, which was prepared by the City Transportation Engineer, Dave Berridge. 1) APPROVAL OF THE SPECIAL BD. OF DIRECTOR'S MTG. MINUTES FROM 9/27/95 Motion — William Porter, Jr. motioned the Board to approve the September 27, 1995 Meeting Minutes as presented and place them on file. Joseph Reid seconded the motion. Yeas: Unanimous. Motion carried. 2) TIFA FINANCIAL STATEMENTS — JUNE 195 (Adjusted); JULY 195 through SEPTEMBER 195 Chair Hollister asked that the TIFA Financial Statements (June thru September 195) be received and placed on file, hearing no objections or modifications from any Board Members. 3) WATERFRONT PROJECT — CONSTRUCTION UPDATE Pat Cook informed the Board that construction is on schedule and she and Pam Blough are meeting on a weekly basis with the contractors. TAX INCREMENT FINANCE AUTHORITY OF THE CITY OF LANSING BOARD OF DIRECTOR'S MEETING MAYOR'S CONFERENCE ROOM �;'�� I C v�_�� \ NINTH FLOOR, LANSING CITY HALL LP;� WEDNESDAY, NOVEMBER 1, 1995 4:30 P.M. MEMBERS PRESENT: David Hollister; Val Moeller; John Petroff; William Porter, Jr.; Joseph Reid MEMBERS ABSENT: Robert Brockwell; William Long; Steven Morris; Joseph Pandy TEMPORARY EDC MEMBERS PRESENT: Ed Carpenter; Jan Hayhow STAFF PRESENT: Patricia Cook; Barbara Foreman; Dennis Sykes; Peggy Vaughn GUESTS PRESENT: Kester So Chair Hollister called the meeting to order at 4:41 p.m. The Board received a copy of the Quarterly Parking System Report, which was prepared by the City Transportation Engineer, Dave Berridge. 1) APPROVAL OF THE SPECIAL BD. OF DIRECTOR'S MTG. MINUTES FROM 9/27/95 Motion — William Porter, Jr. motioned the Board to approve the September 27, 1995 Meeting Minutes as presented and place them on file. Joseph Reid seconded the motion. Yeas: Unanimous. Motion carried. 2) TIFA FINANCIAL STATEMENTS — JUNE 195 (Adjusted); JULY 195 through SEPTEMBER 195 Chair Hollister asked that the TIFA Financial Statements (June thru September 195) be received and placed on file, hearing no objections or modifications from any Board Members. 3) WATERFRONT PROJECT — CONSTRUCTION UPDATE Pat Cook informed the Board that construction is on schedule and she and Pam Blough are meeting on a weekly basis with the contractors. 4) PUBLIC COMMENT Kester So mentioned that he had received a call from Bob Swanson, City of Lansing Finance Director, regarding the Michigan State Bond Bank contacting the City Finance Department asking if the City and/or TIFA would voluntarily agree to comply with the FCC Rules. This would require notification to certain national depositories of material events such as defaults etc. and also an updating to these services of annual financial information. It was decided that Pat Cook would meet with Bob Swanson for further discussion on this request. 5) ADJOURNMENT Chair Hollister declared the meeting adjourned at 4:55 p.m. Minutes by B. Foreman Patricia A. Cook TIFA Manager TAX INCREMENT FINANCE AUTHORITY OF THE CITY OF LANSING BOARD OF DIRECTOR'S MEETING MAYOR'S CONFERENCE ROOM NINTH FLOOR, LANSING CITY HALL WEDNESDAY, DECEMBER 6, 1995 4:30 P.M. MEMBERS PRESENT: Robert Brockwell; David Hollister; William Long; Val Moeller; John Petroff; William Porter, Jr. MEMBERS ABSENT: Steven Morris; Joseph Pandy; Joseph Reid TEMPORARY EDC MEMBERS PRESENT: Ed Carpenter; Jan Hayhow STAFF PRESENT: Pat Cook; Barbara Foreman; Dennis Sykes; Peggy Vaughn GUESTS PRESENT: Harold Leeman Chair Hollister called the meeting to order at 5:26 p.m. 1) APPROVAL OF THE BOARD OF DIRECTOR'S MEETING MINUTES FROM NOVEMBER 1, 1995 Motion - William Long motioned the Board to approve the November 1, 1995 Meeting Minutes as presented and place them on file. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 2) TIFA FINANCIAL STATEMENTS - October, 1995 Motion - Robert Brockwell motioned the Board to receive and place on file the TIFA Financial Statements - October, 1995 as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 3) WATERFRONT PROJECT - Construction Update A) Change Order #5 - $356.00 Motion - William Long motioned the Board to approve Change Order #5 as presented. Robert Brockwell seconded the motion. Yeas: Unanimous. Motion carried. B) Change Order #6 - $20,046.63 Motion — William Long motioned the Board to approve Change Order #6 as presented. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. Pat Cook reminded the Board of discussion that took place at the November Board Meeting regarding a request from the Michigan Municipal Bond Authority to the City Finance Director asking if the City and/or TIFA would voluntarily agree to comply with some new FCC Rules. The Board received a copy of a letter dated November 29, 1995, which was sent from Bob Swanson, the City Finance Director, to the Michigan Municipal Bond Authority agreeing to provide to them annually the City of Lansing's Comprehensive Annual Financial Report (as long as required). 4) PUBLIC COMMENT Chair Hollister congratulated Ed Carpenter on his Small Business Award. Chair Hollister thanked Kester So for all of his efforts to bring the MUCC Project to closing. Chair Hollister mentioned that this was the last board meeting for Bob Brockwell and thanked him for all of his time and input while serving on the EDC/TIFA Board. 5) ADJOURNMENT Chair Hollister declared the meeting adjourned at 5:35 p.m. Minutes by B. Foreman Patricia A. Conk TIFA Manager