Loading...
HomeMy WebLinkAbout1998 TIFA minutesIV Tax Increment Finance Authority of the City of Lansing 17 hi i 19 Board of Director's Meeting i.<t Jit G CI tY CLERKMayor's Conference Room Ninth Floor, Lansing City Hall Wednesday, February 4, 1998 4:00 P.M. Members Present: Ann Brazeau; David Hollister; William Long; John Petroff, William Porter, Jr. Members Absent: Kim Coleman, Paula Cunningham; Joseph Pandy Temporary EDC Members Present: Jan Hayhow Staff Present: Patricia Cook; Karl Dorshimer; Barbara Foreman; Cynthia Lidtke; Dennis Sykes Guests Present: Charlie Hawes; Steve Kutas, Jr.; Larry Meyer; Ray Tadgerson Chair Long called the meeting to order at 4:00 p.m. 1) Election of Officers Motion - David Hollister motioned the Board to approve the following slate of officers for TIFA (1998): Chair, William Long, Vice -Chair, Kim Coleman, Secretary, Dennis Sykes, Treasurer, John Petroff. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 2) Approval of the Board of Director's Meeting Minutes from October 1, 1997 Motion - David Hollister motioned the Board to approve the October 1, 1997 Meeting Minutes as presented and place them on file. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 3) Financial Statements - Sept.; Oct.; Nov. '97 Motion - John Petroff motioned the Board to approve the Financial Statements (Sept.; Oct.; & Nov. '97) as presented and place them on file. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 4) FY 197/98 Budget Amendment Motion - David Hollister motioned the Board to approve an amendment to the FY 197/98 TIFA Budget in the amount of $200,000 to allow the TIFA to contract with Capital Consultants Engineers to manage and engage with the TIFA a feasibility study for the consideration of a cultural center. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. A) Proposed Art Facility Feasibility Study Contract Motion - John Petroff motioned the Board to approve the TIFA entering into a contract with Capital Consultants Engineers (in the amount of $32,500) for an Art Facility Feasibility Study. William Porter, Jr. seconded the motion. Yeas: Unanimous. Motion carried. 5) Other Business A) Bank Resolution - Capitol Commons funds re -investment Motion - David Hollister motioned the Board to approve the re -investment of Capitol Commons revenue to a more aggressive account at Old Kent Bank. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 6) Public Comments None. 7) Adjournment Chair Long declared the meeting adjourned at 4:16 p.m. Minutes by B. Foreman (24 Guu� Q • &/2� Patricia A. Cook TIFA Manager Tax Increment Finance Authority I V 1= D of the City of Lansing Special Board of Director's Meeting f7P' 12 Mayor's Conference Room LANSING CITY CLERK Ninth Floor, Lansing City Hall Tuesday, February 24, 1998 4:00 P.M. Members Present: Ann Brazeau; Kim Coleman; Paula Cunningham; William Long; Larry Meyer; Joseph Pandy Members Absent: David Hollister; John Petroff; William Porter, Jr. Temporary EDC Members Present: Ed Carpenter; Jan Hayhow Staff Present: Patricia Cook; Karl Dorshimer; Barbara Foreman; Cynthia Lidtke Guests Present: Laura Bierema; Joe Lessard Chair Long called the meeting to order at 4:05 p.m. 1) Approval of the Board of Director's Meeting Minutes from February 4, 1998 Motion - Ann Brazeau motioned the Board to approve the February 4, 1998 Meeting Minutes as presented and place them on file. Paula Cunningham seconded the motion. Yeas: Unanimous. Motion carried. 2) Financial Statements - December, '97 & January, '98 Motion - Joseph Pandy motioned the Board to approve the Financial Statements (December, '97 & January, '98) as presented and place them on file. Paula Cunningham seconded the motion. Yeas: Unanimous. Motion carried. 3) Other Business A) "Draft" TIFA FY '98/99 Budget Motion - Larry Meyer motioned the Board to accept and place on file the "Draft" TIFA FY '98/99 Budget as presented. Paula Cunningham seconded the motion. Yeas: Unanimous. Motion carried Kim Coleman entered the meeting at 4:20 p.m. B) Annual Board Report - 1997 Motion - Kim Coleman motioned the Board to approve the Annual Board Report (1997) as presented and place it on file with the Lansing City Clerk's Office. Paula Cunningham seconded the motion. Yeas: Unanimous. Motion carried. C) Brief Informational Update on Cultural Center Feasibility Study Pat Cook informed the Board that the Feasibility Study Review Committee had reviewed nine proposals and narrowed it down to three firms to be interviewed. Pat stated that tomorrow (Feb. 25th) the top three firms will be interviewed by five of the review committee members (Peter Sullivan, Sue Mills, Bill Wright, Ray Tadgerson & Patricia Cook) with their recommendation to the full committee on Friday, Feb. 27th. Pat further stated that a contract with the consultant should be in place by the first week of March and the Feasibility Study should be completed by July 1, 1998. 4) Public Comment None. 5) Adjournment Chair Long declared the meeting adjourned at 4:30 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, April 1, 1998 4:30 P.M. Members Present: Ann Brazeau; Paula Cunningham; David Hollister; William Long; John Petroff-, William Porter, Jr. Members Absent: Kim Coleman; Larry Meyer, Joseph Pandy Temporary EDC Members Present: Ed Carpenter Staff Present: Patricia Cook; Karl Dorshimer; Barbara Foreman; Cynthia Lidtke Guests Present: None Chair Long called the meeting to order at 5:11 p.m. 1) Approval of the Special Bd. of Director's Meeting Minutes from February 24, 1998 Motion - David Hollister motioned the Board to approve the February 24, 1998 Special Meeting Minutes as presented and place them on file. Ann Brazeau seconded the motion. Yeas: Unanimous. Motion carried. 2) Financial Statements - February, '98 Motion - John Petroff motioned the Board to approve the February, '98 Financial Statements as presented and place them on file. David Hollister seconded the motion. Yeas: Unanimous. Motion carried. 3) Other Business A) Brief Informational Update on Cultural Center Feasibility Study Pat Cook mentioned to the Board that the Kick-off meeting for the Cultural Center Feasibility Study had taken place on Monday, March 30th. Pat further mentioned that approximately 30 area agencies attended the meeting, as well as, HNTB, the architectural firm that has been contracted to coordinate the study. Other sub - consultants to HNTB who will conduct a marketing analysis of user groups were also in attendance at this kick-off meeting. Pat stated that completion of the study will take about 3 or 4 months. 4) Public Comments None. 5) Adjournment Chair Long declared the meeting adjourned at 5:22 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 3, 1998 4:30 P.M. - J1 I._ -6 P"] 1: 02 LANSING CITY CLERK Members Present: Ann Brazeau; David Hollister; William Long; Larry Meyer; John Petroff Members Absent: Kim Coleman; Paula Cunningham; Joseph Pandy; William Porter, Jr. Temporary EDC Members Present: Jan Hayhow Staff Present: Patricia Cook; Karl Dorshimer; Barbara Foreman; Cynthia Lidtke Guests Present: Kevin Collins; Harold Leeman Chair Long called the meeting to order at 4:51 p.m. 1) Approval of the Board of Director's Meeting Minutes from April 1, 1998 Motion - John Petroff motioned the Board to approve the April 1, 1998 Meeting Minutes as presented and place them on file. David Hollister seconded the motion. Yeas: Unanimous. Motion carried. 2) Financial Statements - March & April, '98 Motion - John Petroff motioned the Board to approve the March & April, '98 Financial Statements as presented and place them on file. Yeas: Unanimous. Motion carried. 3) Other Business A) Ratification of Prior TIFA Action, re: Feasibility Study Motion - John Petroff motioned the Board to approve an amendment to the TIFA Board Minutes from February 4, 1998, which reads as follows: Technical Clarification (Item #4) TIFA Board is requested to amend FY 97/98 Budget in the not to exceed amount of $200,000. This amount includes bidding and contracting out the cost of a feasibility study for the consideration of a cultural center. This amount also includes entering into a $32,500 contract with Capital Consultants, Inc. to assist in coordinating and managing the study with the TIFA Staff. David Hollister seconded the motion. Yeas: Unanimous. Motion carried. B) Information Update on Cultural Center Feasibility Study Pat Cook informed the Board that the first portion of the Cultural Center Feasibility Study should be completed within the next two weeks and it will outline whether or not there is a market in the region to support a cultural center. C) Informational Update on Review of Future TIFA Capture Pat Cook stated that the EDC has engaged Paul Stauder, of Stauder Barch and Associates, Inc., to put together within the next 60 days projections for future TIFA capture. 4) Public Comment None. 5) Adjournment Chair Long declared the meeting adjourned at 5:00 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 Thursday, September 10, 1998 4:30 P.M. Members Present: Ann Brazeau; David Hollister; William Long; Larry Meyer; John Petroff Members Absent: Kim Coleman; Paula Cunningham; Joseph Pandy; William Porter, Jr. Temporary EDC Members Present: Ed Carpenter; Jan Hayhow Staff Present: Tracy Carney; Patricia Cook; Karl Dorshimer; Barbara Foreman Guests Present: Kevin Collins; Steve Kutas, Jr. Chair Long called the meeting to order at 4:31 p.m. 1) Approval of the Board of Director's Meeting Minutes from July 1, 1998 Motion - John Petroff motioned the Board to approve the July 1, 1998 Meeting Minutes as presented and place them on file. David Hollister seconded the motion. Yeas: Unanimous. Motion carried. 2) Financial Statements - June '98 Motion - John Petroff motioned the Board to approve the Financial Statements (June, '98) as presented and place them on file. David Hollister seconded the motion. Yeas: Unanimous. Motion carried. 3) Other Business A) "Draft" Audit FY '97/98 Steve Kutas, Jr., of Kutas, Hawes, Wolcott & Bergman, PC, gave the Board a brief overview of the "Draft" Audit for FY'97/98. B) Amendment to FY '97/98 TIFA Budget C) Amendment to FY '98/99 TIFA Budget Motion - John Petroff motioned the Board to approve Items A ("Draft" Audit FY '97/98) B (Amendment to FY '97/98 TIFA Budget) and C (Amendment to FY '98/99 TIFA Budget) as presented. David Hollister seconded the motion. Yeas: Unanimous. Motion carried. D) Update on Arts Feasibility Study Patricia Cook informed the Board that a "draft" of the Arts Feasibility Study should be completed within the next four to six weeks. 4) Public Comments None. 5) Adjournment Chair Long declared the meeting adjourned at 4:58 p.m. Minutes by B. Foreman 641 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, October 7, 1998 4:30 P.M. Members Present: Kim Coleman; Paula Cunningham; David Hollister; William Long; Joseph Pandy; John Petroff Members Absent: Ann Brazeau; Larry Meyer; William Porter, Jr. Temporary EDC Members Present: Ed Carpenter; Jan Hayhow Staff Present: Patricia Cook; Karl Dorshimer; Barbara Foreman Guests Present: Kevin Collins; Charlie Janssen; Peter Sullivan Chair Long called the meeting to order at 5:01 p.m. David Hollister asked that one addition be made to the Agenda. Item 3D) Impact of the State Library Project, the YWCA Project & the Civic Center Project on the TIFA Budget. 1) Approval of the Special Board of Director's Meeting Minutes from Sept. 10, '98 Motion - David Hollister motioned the Board to approve the September 10, 1998 Meeting Minutes as presented and place them on file. John Petroff seconded the motion. Yeas: Unanimous. Motion carried. 2) Financial Statements - June, 1998 (Post Audit) and July -August 98 Motion - John Petroff motioned the Board to approve the June, 1998 (Post Audit) and July -August '98 Financial Statements as presented and place them on file. David Hollister seconded the motion. Yeas: Unanimous. Motion carried. 3) Other Business A) Discussion with Peter Sullivan re: Lansing Center & EDC Property at Michigan/Cedar Peter Sullivan, CEO of the Lansing Entertainment Public Facilities Authority, presented to the EDC Board several possibilities for future expansion of the Lansing Center, which would include the use of the EDC Property at Michigan/Cedar. B) Update on Arts Feasibility Study Patricia Cook stated that it will be another 30-60 days before the Arts Feasibility Study will be completed. C) Update on TIFA Payment Agreement w/City *Payment of Lease Costs & Rehabilitation of Court Space Patricia Cook informed the Board that the first payment was made to the City of Lansing in the amount of $290,000 for reimbursement of project costs associated with the Circuit Courts relocation. D) Impact on TIFA Budget/State Library Project, YWCA Project & Civic Center Project Patricia Cook informed the Board that the TIFA boundaries were amended last year and now include the YWCA. There may be additional TIFA funds available in the future to support other projects if extensive renovations to the Y occur. The TIFA boundaries do not include the State Library or the Civic Center. 4) Public Comment None. 5) Adjournment Chair Long declared the meeting adjourned at 5:30 p.m. Minutes by B. Foreman (24 t�� � - &t k16,� 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 4, 1998 4:30 P.M. Members Present: Ann Brazeau; Paula Cunningham; David Hollister; William Long; Larry Meyer; Joseph Pandy; John Petroff Members Absent: Kim Coleman; William Porter, Jr. Temporary EDC Members Present: Ed Carpenter; Jan Hayhow Staff Present: Tracy Carney; Patricia Cook; Karl Dorshimer; Barbara Foreman Guests Present: Harold Leeman; Brad Shaw Chair Long called the meeting to order at 5:01 p.m. 1) Approval of the Board of Director's Meeting Minutes from October 7, 1998 Motion - John Petroff motioned the Board to approve the October 7, 1998 Meeting Minutes as presented and place them on file. Paula Cunningham seconded the motion. Yeas: Unanimous. Motion carried. 2) Financial Statements -September, '98 The Board unanimously agreed to receive and place on file the Financial Statements (September, '98) as presented. 3) Other Business A) Update on Arts Feasibility Study David Hollister informed the Board that information on the Arts Feasibility Study will not be released until the GM decision is made. B) Update on TIFA Payment Agreement w/City * Payment of Lease Costs & Rehabilitation of Court Space Patricia Cook explained to the Board that the EDC, Ingham County and Granger are each paying one-third of the lease and rehabilitation costs. The EDC is now being billed approximately $6,000 per month. 4) Public Comment None. 5) Adjournment Chair Long declared the meeting adjourned at 5:06 p.m. Minutes by B. Foreman a,4f�.. Q1 90_� Patricia A. Cook TIFA Manager