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Home My WebLink About1996 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 10, 1996 4:30 P.M. MEMBERS PRESENT: David Hollister; Val Moeller; John Petroff; William Porter, Jr.; Joseph Reid MEMBERS ABSENT: William Long; Joseph Pandy TEMPORARY EDC MEMBERS PRESENT: Jan Hayhow TEMPORARY EDC MEMBERS ABSENT: Ed Carpenter STAFF PRESENT: Patricia Cook; Barbara Foreman; Dennis Sykes; Peggy Vaughn GUESTS PRESENT: Ken Lawless; Harold Leeman Chair Hollister called the meeting to order at 5:31 p.m. �.11,y� TY CLERK 1) APPROVAL OF THE BOARD OF DIRECTOR'S MTG. MINUTES FROM DECEMBER 6, 1995 Motion - Joseph Reid motioned the Board to approve the December 6, 1995 Meeting Minutes as presented and place them on file. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 2) TIFA FINANCIAL STATEMENT - NOVEMBER, 1995 Motion - John Petroff motioned the Board to receive and place on file the TIFA Financial Statement - November, 1995 as presented. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 3) WATERFRONT PROJECT - CONSTRUCTION UPDATE A) Change Order #7 - ($13,017.51) Motion - Joseph Reid motioned the Board to approve Change Order #7 ($13,017.51) as presented. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. B) Change Order #8 — $79,634.09 Motion — Joseph Reid motioned the Board to approve Change Order #8 — $79,634.09 as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. Paul Novak entered the meeting at 5:45 p.m. 4) PUBLIC COMMENT 1) Joseph Reid congratulated Peggy Vaughn for her efforts in getting Dualing Pianos to sign a personal quarantee for their lease with Quest 5. 2) Chair Hollister welcomed Paul Novak as a new member to the EDC/TIFA Board of Directors. 5) ADJOURNMENT Chair Hollister declared the meeting adjourned at 5:48 p.m. Minutes by B. Foreman Patricia A. Cook TIFA Manager TAIL INCREMENT FINANCE AUTHORITY OF THE CITY OF LANSING ( ; SPECIAL BOARD OF DIRECTOR'S MEETING MAYOR'S CONFERENCE ROOM j- I' i 1: Z-1 NINTH FLOOR, LANSING CITY HALL THURSDAY FEBRUARY 22, 1996 ? 3:30 P.M. MEMBERS PRESENT: David Hollister; William Long; Val Moeller; Joseph Pandy; John Petroff; William Porter, Jr. MEMBERS ABSENT: Paul Novak; Joseph Reid STAFF PRESENT: Patricia Cook; Barbara Foreman; Peggy Vaughn GUESTS PRESENT: Harold Leeman Chair Hollister called the meeting to order at 4:01 p.m. Pat Cook stated that Change Order #9, from Clark Construction Co., needed to be added to the agenda as item 4C (Waterfront Project). 1) ELECTION OF OFFICERS - 1996 Motion - William Long motioned the Board to approve the following slate of officers for 1996: David Hollister - Chair Joseph Pandy - Vice -Chair Dennis Sykes - Secretary John Petroff - Treasurer Val Moeller seconded the motion. Yeas: Unanimous. Motion carried. 2) APPROVAL OF THE SPECIAL BD. OF DIRECTOR'S MTG. MINUTES - JAN. 10. 196 Motion - William Long motioned the Board to approve the January 10, 1996 Meeting Minutes as presented and place them on file. Val Moeller seconded the motion. Yeas: Unanimous. Motion carried. 3) TIFA FINANCIAL STATEMENTS - DECEMBER, 1995 & JANUARY, 1996 Chair Hollister asked that the TIFA Financial Statements (December, '95 & January, 196) be received and placed on f ile. Yeas: Unanimous. Motion carried. 4) WATERFRONT PROJECT — CONSTRUCTION UPDATE A) Amendment to Capital Consultants, Inc. Contract Motion — William Long motioned the Board to approve the Amendment to the Capital Consultants Contract ($13,950.00) as presented. John Petroff seconded the motion. Yeas• Unanimous. Motion carried. B) Landscape Furnishings Contracts: --Landscape Forms, Inc. — $52,693.00 Motion — William Porter, Jr. motioned the Board to approve the Landscape Forms, Inc. Contract ($52,693.00) as presented. Val Moeller seconded the motion. Yeas: Unanimous. Motion carried. --J.W.I., Inc. — $1,250.00 Motion — William Porter, Jr. motioned the Board to approve the J.W.I., Inc. Contract as presented. William Long seconded the motion. Yeas: Unanimous. Motion carried. C) Change Order #9 — $14,338.15 Motion — Val Moeller motioned the Board to approve Change Order #9 ($14,338.15) as presented. William Long seconded the motion. Yeas: Unanimous. Motion carried. 5) OTHER BUSINESS A) Annual Board Report for 1995 Motion — William Porter, Jr. motioned the Board to approve the TIFA Annual Board Report as presented and place it on file with the Lansing City Clerk's Office. John Petroff seconded the motion. Yeas• Unanimous. Motion carried. 6) PUBLIC COMMENT None. 7) ADJOURNMENT Chair Hollister , clared the meeting adjourned at 4:25 p.m. Minutes by B. Foreman � , j,� 64t— GL L Patricia A. Cook TIFA Manager TAR INCREMENT FINANCE AUTHORITY OF THE CITY OF LANSING BOARD OF DIRECTOR'S MEETING MAYOR'S CONFERENCE ROOM NINTH FLOOR, LANSING CITY HALL WEDNESDAY, MARCH 6, 1996 4:30 P.M. MEMBERS PRESENT: David Hollister; Val Moeller; Paul Novak; John Petroff; William Porter, Jr. MEMBERS ABSENT: William Long; Joseph Pandy; Joseph Reid TEMPORARY EDC MEMBERS PRESENT: None STAFF PRESENT: Patricia Cook; Barbara Foreman; Peggy Vaughn GUESTS PRESENT: None Chair Hollister called the meeting to order at 4:31 p.m. Pat Cook stated that Change Order #10, from Clark Construction Co., needed to be added to the agenda as item 2D (Waterfront Project). 1) APPROVAL OF THE SPECIAL BD. OF DIRECTOR'S MTG. MINUTES FROM 2/22/96 Motion — John Petroff motioned the Board to approve the February 22, 1996 Meeting Minutes as presented and place them on file. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 2) WATERFRONT PROJECT — CONSTRUCTION UPDATE A) Revised Change Order #9 ($138,774.74) Motion — William Porter, Jr. motioned the Board to approve Revised Change Order #9 as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. B) Landscape Furnishings Contract: — Landscape Forms, Inc. — Change Order #1 The paperwork on the above agenda item was not included in the Board packets and therefore was tabled until the April Board Meeting. C) Construction Budget Update The Board received a copy of the Riverfront Budget Update dated February 29, 1996. D) Change Order #10 Pat Cook handed out to the Board a copy of the Bid Tabulation Sheet for Bid Package #4 — Landscape & Irrigation Contract. Pat mentioned that it was the recommendation of Clark Construction, the Riverfront Committee and TIFA staff to award the Contract to Canon Russeau Landscape for a not to exceed amount of $78,674.00. Motion — Paul Novak motioned the Board to approve Change Order #10 as presented. John Petroff seconded the motioned. Yeas: Unanimous. Motion carried. 4) PUBLIC COMMENT None. 5) ADJOURNMENT Chair Hollister declared the meeting adjourned at 5:04 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, APRIL 10, 1996 4:30 P.M. MEMBERS PRESENT: David Hollister; Paul Novak; Joseph Pandy; John Petroff; William Porter, Jr. MEMBERS ABSENT: William Long; Val Moeller; Joseph Reid TEMPORARY EDC MEMBERS PRESENT: Jan Hayhow STAFF PRESENT: Patricia Cook; Barbara Foreman; Peggy Vaughn GUESTS PRESENT: None Chair Hollister called the meeting to order at 4:59 p.m. 1) APPROVAL OF THE BOARD OF DIRECTOR'S MTG. MINUTES FROM MARCH 6, 1996 Motion - John Petroff motioned the Board to approve the March 6, 1996 Meeting Minutes as presented and place them on file. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 2) FINANCIAL STATEMENTS - FEBRUARY, 1996 Motion - William Porter, Jr. motioned the Board to approve the TIFA Financial Statements (February, 1996) as presented and place them on file. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 3) WATERFRONT PROJECT - CONSTRUCTION UPDATE A) Change Order #11 - $31,235.06 Motion - John Petroff motioned the Board to approve Change Order #11 as presented. Joseph Pandy seconded the motion. Yeas: Unanimous. Motion carried. B). Landscape Furnishings Contract: — Landscape Forms, Inc. — Change Order #1 — $9,650.00 Motion — Joseph Pandy motioned the Board to approve Change Order #1 (Landscape Forms, Inc.) as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. C) Miscellaneous Contracts: — Wind & Weather (Weathervane for Gazebo) — $362.00 — Additional Soil Remediation — $11,685.00 Motion — John Petroff motioned the Board to approve $362.00 for the Weathervane for the Gazebo and $11,685.00 for additional soil remediation as presented. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. D) Construction Budget Update The Board received a copy of the Riverfront Budget Update dated April 3, 1996. 4) OTHER BUSINESS A) TIFA FY '96/97 Budget — "Draft" Motion — Jospeh Pandy motioned the Board to approve the TIFA FY '96/97 Budget "Draft" as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. B) Parking System Quarterly Report The Board received a copy of the Quarterly Parking System Report dated 2/27/96, which was prepared by Dave Berridge, City Transportation Engineer. It was requested that future reports contain information specifying occupancy figures by parking ramp. 5) PUBLIC COMMENT None. 6) ADJOURNMENT Chair Hollister declared the meeting adjourned at 5:27 p.m. Minutes by B. Foreman d. — G,4� 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, MAY 1, 1996 4:30 P.M. MEMBERS PRESENT: David Hollister; William Long; Val Moeller; John Petroff; William Porter, Jr. MEMBERS ABSENT: Paul Novak; Joseph Pandy; Joseph Reid TEMPORARY EDC MEMBERS PRESENT: Jan Hayhow STAFF PRESENT: Patricia Cook; Barbara Foreman; Dennis Sykes; Peggy Vaughn GUESTS PRESENT: Harold Leeman Chair Hollister called the meeting to order at 4:56 p.m. 1) APPROVAL OF THE SPECIAL BD. OF DIRECTOR'S MTG. MINUTES FROM 4/10/96 Motion - William Porter, Jr. motioned the Board to approve the April 10, 1996 Meeting Minutes as presented and place them on file. Val Moeller seconded the motion. Yeas: Unanimous. Motion carried. 2) FINANCIAL STATEMENT - MARCH, 1996 Chair Hollister asked that the TIFA Financial Statement (March, 1996) be received and placed on file. Yeas: Unanimous. Motion carried. 3) WATERFRONT PROJECT - CONSTRUCTION UPDATE A) Change Order #12 - $30,377.96 Motion - John Petroff motioned the Board to approve Change Order #12 ($30,377.96) as presented. Val Moeller seconded the motion. Yeas: Unanimous. Motion carried. B) Construction Budget Update The Board received a copy the the Riverfront Budget Update dated April 26, 1996. C) Ribbon Cutting Ceremony (5/9/96) Pat Cook reminded the Board that the Ribbon Cutting Ceremony for the Riverfront Development Project will be Thursday, May 9th '96 at 2:00 p.m. D) Request from Grissim/Metz for Additional Fees The Board received a copy of a letter from Grissim/Metz requesting an increase in their fee to cover additional services. The Board also received a copy of a response letter which was sent to Grissim/Metz by Pat Cook denying their request for additional fees. 4) OTHER BUSINESS None. 5) PUBLIC COMMENTS Harold Leeman asked for an update on the MUCC Building Project. Chair Hollister informed Harold that their will probably be an announcement within the next few days regarding the MUCC Building Project and it now appears that the building will be at least eight floors, possibly as many as eleven floors. Pat Cook informed the Board that the closing on the Granger property associated with the Ground Transportation Center had taken place on Monday, April 29th. 6 ) ADJOURNMENT Chair Hollister declared the meeting adjourned at 5:07 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, JUNE 5, 1996 4:30 P.M. MEMBERS PRESENT: David Hollister; William Long; Val Moeller; Paul Novak; John Petroff; William Porter, Jr. MEMBERS ABSENT: Joseph Pandy; Joseph Reid TEMPORARY EDC MEMBERS PRESENT: Ed Carpenter; Jan Hayhow STAFF PRESENT: Patricia Cook; Barbara Foreman; Peggy Vaughn GUESTS PRESENT: None Chair Hollister called the meeting to order at 5:19 p.m. Pat Cook mentioned that two additional items needed to be added to the Agenda: 4) FY '95/96 Audit Engagement 5) Use of Cedar/Michigan Avenue property for Parking 1) APPROVAL OF THE BOARD OF DIRECTOR'S MEETING MINUTES FROM MAY 1,1996 Motion — Paul Novak motioned the Board to approve the May 1, 1996 Meeting Minutes as presented and place them on file. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 2) FINANCIAL STATEMENTS — APRIL, 1996 Motion — William Porter, Jr. motioned the Board to approve the Financial Statements (April, 1996) as presented and place them on file. Val Moeller seconded the motion. Yeas: Unanimous. Motion carried. 3) WATERFRONT PROJECT — CONSTRUCTION UPDATE a) Construction Costs: --Granger Landfill — $285.00 --Banner Sign Company — $9,257.00 Motion - Val Moeller motioned the Board to approve the above construction costs as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 4) FY '95/96 AUDIT ENGAGEMENT Motion - William Long motioned the Board to approve engaging the firm of Kutas, Hawes, Wolcott & Bergman, P.C. to perform the FY 195/96 TIFA Audit in the amount of $4,100. Paul Novak seconded the motion. Yeas: Unanimous. Motion carried. 5) USE OF CEDAR/MICHIGAN AVENUE PROPERTY FOR PARKING Motion - William Long motioned the Board to authorize TIFA Staff to work with the Lansing Building Authority to negotiate an agreement to develop the Cedar/ Michigan Avenue property for short-term parking. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 6) OTHER BUSINESS None. 7) PUBLIC COMMENT None. 8 ) ADJOURNMENT Chair Hollister declared the meeting adjourned at 5:30 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, JULY 10, 1996 4:30 P.M. MEMBERS PRESENT: David Hollister; William Long; Paul Novak; Joseph Pandy; John Petroff; Joseph Reid MEMBERS ABSENT: Kim Coleman; William Porter, Jr. TEMPORARY EDC MEMBERS PRESENT: Ed Carpenter STAFF PRESENT: Patricia Cook; Barbara Foreman; Peggy Vaughn GUESTS PRESENT: Pam Blough, Raymond Choi Chair Hollister called the meeting to order at 4:40 p.m. 1) APPROVAL OF THE BOARD OF DIRECTOR'S MEETING MINUTES FROM JUNE 5, 1996 Motion — Paul Novak motioned the Board to approve the June 5, 1996 Meeting Minutes as presented and place them on file. Joseph Pandy seconded the motion. Yeas: Unanimous. Motion carried. 2) FINANCIAL STATEMENTS — MAY, 1996 Motion — William Long motioned the Board to approve the Financial Statements (May, 1996) as presented and place them on file. Paul Novak seconded the motion. Yeas: Unanimous. Motion carried. 3) WATERFRONT PROJECT — CONSTRUCTION UPDATE a) Construction Costs: --Change Order x`13 (Bulletin #7) — $73,659.67 Motion — Joseph Pandy motioned the Board to approve Change Order ,#13 (Bulletin #7) as presented. Paul Novak seconded the motion. Yeas: Unanimous. Motion carried. --Soil & Materials Engineers, Inc. — $1,262.40 Motion — William Long motioned the Board to approve the above construction cost as presented. Paul Novak seconded the motion. Yeas: Unanimous. Motion carried. --BWL (Riverfront Lighting) — $16,000.00 Motion — Joseph Reid motioned the Board to approve the above construction cost as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. b) Construction Budget Update The Board received a copy of the Construction Budget Update dated July 1, 1996, which was prepared by Patricia Cook. 4) OTHER BUSINESS a) Update on Development of Parking Lot (Cedar/Michigan Avenue) — "Draft Lease Agreement" Motion — Joseph Reid motioned the Board to approve the "Draft Lease Agreement" as presented. William Long seconded the motion. Yeas: Unanimous. Motion carried. 5) PUBLIC COMMENTS None. 6 ) ADJOURNMENT Chair Hollister declared the meeting adjourned at 5:00 p.m. Minutes by B. Foreman ?a tudC4— Q, &4A 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 7, 1996 4:30 P.M. MEMBERS PRESENT: Kim Coleman; David Hollister; William Long; John Petroff; Joseph Reid MEMBERS ABSENT: Paul Novak; Joseph Pandy; William Porter, Jr. TEMPORARY EDC MEMBERS PRESENT: Jan Hayhow STAFF PRESENT: Patricia Cook; Barbara Foreman; Peggy Vaughn GUESTS PRESENT: None Chair Hollister called the meeting to order at 4:41 p.m. 1) APPROVAL OF THE SPECIAL BD. OF DIRECTORS MTG. MINUTES FROM 7/10/96 Motion — William Long motioned the Board to approve the July 10, 1996 Meeting Minutes as presented and and place them on file. Joseph Reid seconded the motion. Yeas: Unanimous. Motion carried. 2) FINANCIAL STATEMENTS — JUNE, 1996 Motion — Joseph Reid motioned the Board to approve the June, 1996 Financial Statements as presented and place them on file. William Long seconded the motion. Yeas: Unanimous. Motion carried. 3) WATERFRONT PROJECT — Construction Update Pat Cook informed the $Pard that final punchlist items are being completed and some additional furniture needs to be ordered. The Waterfront Project should be totally completed by the end of September, 1996. 4) OTHER BUSINESS None. 5) PUBLIC COMMENTS None. 6) ADJOURNMENT Chair Hollister declared the meeting adjourned at 4:43 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, October 2, 1996 4:30 P.M. Members Present: Kim Coleman; David Hollister; William Long; John Petroff; William Porter, Jr. Members Absent: Paul Novak; Joseph Pandy; Joseph Reid Temporary EDC Members Present: Ed Carpenter; Jan Hayhow Staff Present: Patricia Cook; Barbara Foreman; Dennis Sykes Guests Present: Raymond Choi; Charlie Hawes; Steve Kutas, Jr.; Ken Lawless; Harold Leeman; Brad Shaw Chair Hollister called the meeting to order at 4:56 p.m. 1) Approval of the Board of Director's Meeting Minutes from August 7, 1996 Motion: William Long motioned the Board to approve the August 7, 1996 Meeting Minutes as presented and place them on file. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 2) TIFA "Draft" FY '95/96 Audit Motion: William Long motioned the Board to approve and place on file the FY '95/96 "Draft" Audit, which was prepared by Kutas Hawes Wolcott & Bergman PC. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 3) Financial Statements - July, 1996 Motion: John Petroff motioned the Board to approve the TIFA Financial Statements (July, 1996) as presented and place them on file. Kim Coleman seconded the motion. Yeas: Unanimous. Motion carried. 4) Waterfront Project - Construction Update a) Stanchions - $7,200.00 b) Storage Roof Enclosure Redesign - $7,130.67 c) Handicap Signs & Installation - with ceiling of $4,000.00 Motion: John Petroff motioned the Board to approve Items a, b & c above as presented. William Long seconded the motion. Yeas: Unanimous. Motion carried. 5) Lansing Center Expansion Phase II a) Repairs to Building Piers - $4,598.00 b) Repairs to Irrigation System - $12,000.00 Motion: William Porter, Jr. motioned the Board to approve Items a & b above as presented. Kim Coleman seconded the motion. Yeas: Unanimous. Motion carried. 6) Other Business a) Year End Parking System Report The Board received a copy of the Year End Parking System Report which was prepared by Dave Berridge, City Transportation Engineer. 7) Public Comment None. 8) Adjournment Chair Hollister declared the meeting adjourned at 5:20 p.m. Minutes by B. Foreman 9qkt*tIO-- /�.� 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, November 6, 1996 4:30 P.M. Members Present: Paula Cunningham; David Hollister; William Long; John Petroff, William Porter, Jr. Members Absent: Kim Coleman; Paul Novak; Joseph Pandy; Joseph Reid Temporary EDC Members Present: Ed Carpenter Staff Present: Patricia Cook; Barbara Foreman; Dennis Sykes; Peggy Vaughn Guests Present: Kester So Chair Hollister called the meeting to order at 5:46 p.m. 1) Approval of the Board of Director's Meeting Minutes from October 2, 1996 Motion: John Petroff motioned the Board to approve the October 2, 1996 Meeting Minutes as presented and place them on file. William Long seconded the motion. Yeas: Unanimous. Motion carried. 2) Financial Statements - August and September, 1996 Motion: John Petroff motioned the Board to approve the TIFA Financial Statements (July & August, 1996) as presented and place them on file. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 3) Waterfront Project - Construction Closeout a) Change Order # 14 (partial) - ($6,661.00) Motion: William Long motioned the Board to approve Change Order # 14 (partial) as presented. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. b) Settlement with Landscape Architect - $23,183.89 Motion: William Long motioned the Board to approve the Settlement with the Landscape Architect as presented. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. c) Capital Consultants, Inc. - Contract Amendment # 2 - $8,000.00 Motion: John Petroff motioned the Board to approve Contract Amendment #2 for Capital Consultants, Inc. as presented. William Long seconded the motion. Yeas: Unanimous. Motion carried. 4) TIFA Advance Lease Payment To The City Motion: John Petroff motioned the Board to authorize the Advance Lease Payment To The City of Lansing in the amount of $240,000. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 5) Other Business a) Quarterly Parking System Report (9/30/96) The Board received a copy of the Quarterly Lansing Municipal Parking System Report. 6) Public Comment None. 7) Adjournment Chair Hollister declared the meeting adjourned at 6:06 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 4, 1996 4:30 P.M. 1 �=.Iilt Members Present: Kim Coleman; Paula Cunningham; David Hollister; William Long; Joseph Pandy; John Petroff, William Porter, Jr. Members Absent: Paul Novak; Joseph Reid Temporary EDC Members Present: Ed Carpenter Staff Present: Patricia Cook; Barbara Foreman; Peggy Vaughn Guests Present: None Chair Hollister called the meeting to order at 4:51 p.m. 1) Approval of the Board of Director's Meeting Minutes from November 6, 1996 Motion: William Long motioned the Board to approve the November 6, 1996 Meeting Minutes as presented and place them on file. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 2) Financial Statements - October, 1996 Motion: John Petroff motioned the Board to approve the Financial Statements (October, 1996) as presented and place them on file. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 3) Other Business The Board agreed that, due to the Holidays, the January Board Meeting will be postponed until Wednesday, January 15, 1997. 4) Public Comments None. 5) Adjournment Chair Hollister declared the meeting adjourned at 5:05 p.m. Minutes by B. Foreman �JgGL�� • �2�� Patricia A. Cook TIFA Manager