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HomeMy WebLinkAbout2001 LEDC minutesEconomic Development Corporation of the City of Lansing Special Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall Monday, February 26, 2001 11:00 A.M. Members Present: Ann Brazeau; James Butler; David Hollister; Larry Meyer; Joseph Pandy; Jeff Williams Members Absent: Kim Coleman; Paula Cunningham; William Long Temporary EDC Members Present: None Temporary EDC Members Absent: Ed Carpenter; Jan Hayhow Staff Present: Patricia Cook; Barbara Foreman Guests Present: None 1) Call to Order Treasurer Ann Brazeau called the meeting to order at 11:00 a.m. 2) Resolution of Inducement a) Michigan Catholic Conference Development Project Patricia Cook gave the Board a brief overview of the Michigan Catholic Conference Development Project. Motion - Larry Meyer motioned the Board to approve the Resolution of Inducement and Intent to Issue Revenue Bonds, to Proceed with a Project, Appointing Bond Counsel, Designating Project Area, Recommending Project District Area and Requesting Appointment of Additional Directors. James Butler seconded the motion. Yeas: Unanimous. Motion carried. 3) Public Comments None 4) Adjournment Treasurer Ann Brazeau declared the meeting adjourned at 11:20 a.m. Minutes by B. Foreman GA Q Patricia A. Cook EDC Manager Economic Development Corporation of the City of Lansing Board of Director's Meeting Ninth Floor, Lansing City Hall Wednesday, March 7, 2001 4:00 P.M. Members Present: Ann Brazeau; Kim Coleman; Paula Cunningham; William Long; Larry Meyer; Joseph Pandy Members Absent: James Butler; David Hollister; Jeff Williams Temporary EDC Members Present: Ed Carpenter Temporary EDC Members Absent: Jan Hayhow Staff Present: Patricia Cook; Karl Dorshimer; Barbara Foreman; Tracy Carney -Miller; Marchelle Smith Guests Present: Harry Hepler 1) Call to Order Chair Long called the meeting to order at 4:10 p.m. 2) Approval of the Special Board of Director's Meeting Minutes from December 6, 2000 Motion - Joe Pandy motioned the Board to approve the Special Board of Director's Meeting Minutes from December 6, 2000 as presented and place them on file. Ann Brazeau seconded the motion. Yeas: Unanimous. Motion carried. 3) Approval of the Special Board of Director's Meeting Minutes from February 26, 2001 Motion - Ann Brazeau motioned the Board to approve the Special Board of Director's Meeting Minutes from February 26, 2001 as presented and place them on file. Kim Coleman seconded the motion. Yeas: Unanimous. Motion carried. 4) Election of Officers Motion - Joseph Pandy motioned the Board to approve the following slate of officers thru December 31, 2001: William Long - Chair Kim Coleman - Vice -Chair Paula Cunningham - Secretary Ann Brazeau - Treasurer Ann Brazeau seconded the motion. Yeas: Unanimous. Motion carried. 5) Financial Statements a) Final June, 2000 b) Thru January, 2001 The Board unanimously agreed to receive and place on file the Final June, 2000 & thru January, 2001 Financial Statements as presented. 6) EDC/TIFA/LBRA 2000 Annual Report The Board unanimously agreed to receive and place on file the EDC/TIFA/LBRA 2000 Annual Report as presented. 7) EDC/TIFA/LBRA 2001 Program & Goals Motion - Larry Meyer motioned the Board to approve the EDC/TIFA/LBRA 2001 Program & Goals as presented. Ann Brazeau seconded the motion. Yeas: Unanimous. Motion carried. a) Resolution Supporting EDC Contract w/City for FY `02 Motion - Ann Brazeau motioned the Board to approve the Resolution Supporting the EDC's Contract with the City of Lansing for FY `02 as presented. Kim Coleman seconded the motion. Yeas: Brazeau; Coleman; Long; Pandy Abstain: Meyer Paula Cunningham entered the meeting at 4:30 p.m. 8) EDC B.F.A.P. Projects a) Presentation of Blue Coyote Facility Status - Harry Hepler Harry Hepler informed the Board that plans for his property at 113 Pere Marquette include both commercial and residential loft space on the second & third floors of the building and development of the lower level into tenant parking. Harry stated that a closing on the construction loan for this project (w/Trans Nation Title) is scheduled to take place on March 16`h . At the time of closing funds will become available to pay off his loan with the EDC in full. b) Analysis of Program Loan Funds (thru 1/31/01) The Board received a copy of the Analysis of Program Loan Funds dated 1/31/01, which was prepared by Barbara Foreman. Pat Cook informed the Board that the eviction for Elbinger Laboratories, Elbinger Studios and Elbinger Imaging was complete on February 24`h . Pat stated that staff will be putting together a package to market the property. 9) Other Business a) Renewal of Retention Contract Motion - Larry Meyer motioned the Board to support the Renewal of the Retention Contract as presented. Paula Cunningham seconded the motion. Yeas: Unanimous. Motion carried. b) Update on Central Utilities Contract Pat Cook stated that the EDC has continued to reach out to the Cinergy group and the project continues to move forward, but at a much slower pace. Joe Pandy stated that Cinergy is still interested in exploring financing with the EDC. c) EDC Current Projects Update (December/January) The Board received a copy of the EDC Activities Update (December, 2000/ January 2001), which was prepared by Tracy Carney -Miller. Pat Cook informed the Board that staff has made a recommendation to the Mayor, which will be forwarded to City Council and also Larry Meyer's committee, to assign Charles Janssen & Jeffery McAlvey as the two temporary board members to serve on the EDC Board for the Michigan Catholic Conference Project. 10) Public Comment None. 11) Adjournment Chair Long declared the meeting adjourned at 4:50 p.m. Minutes by B. Foreman �a t4,*_ 0� - Patricia A. Cook EDC Manager i Economic Development Corporation of the City of Lansing Special Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall ,- Wednesday, April 18, 2001 `- 9:00 A.M. Members Present: Ann Brazeau; Paula Cunningham; David Hollister; William Long; Larry Meyer; Joseph Pandy; Jeff Williams Members Absent: James Butler; Kim Coleman Temporary EDC Members Present: Ed Carpenter; Jan Hayhow (Loans) Charles Janssen; Jeff McAlvey (MCC Bond Project) Staff Present: Patricia Cook; Karl Dorshimer; Barbara Foreman Staff Absent: Tracy Carney -Miller; Marchelle Smith Guests Present: Sister Monica; Joe Mahoney 1) Call to Order Chair Long called the meeting to order at 9:10 a.m. 2) Approval of the Board of Director's Meeting Minutes from March 7, 2001 Motion - Larry Meyer motioned the Board to approve the Board of Director's Meeting Minutes from March 7, 2001 as presented and place them on file. David Hollister seconded the motion. Yeas: 3) Financial Statements a) Through February, 2001 Unanimous. Motion carried. The Board unanimously agreed to receive and place on file the Financial Statements (thru February, 2001) as presented. I'J r; 4) Michigan Catholic Conference EDC Bond Project a) Resolution Approving Project Plan Motion - David Hollister motioned the Board to approve the Resolution Approving the Project Plan for the Michigan Catholic Conference Project, as presented, with two changes to the Project Plan document (1) on page 2 of the document the address will be changed to read 510 S. Capitol Ave. and (2) on page 3 the square footage will be changed to 53,000 sq. ft. Ann Brazeau seconded the motion. Yeas: Brazeau; Hollister; Janssen; Long; McAlvey; Meyer; Pandy; Williams Motion carried. Paula Cunningham entered the meeting at 9:20 a.m. 5) EDC B.F.A.P. Projects a) Analysis of Program Loan Funds (thru 2/28/01) The Board received a copy of the Analysis of Program Loan Funds (thru 2/28/01), which was prepared by Barbara Foreman. Patricia Cook informed the Board that the Blue Coyote Loan has been paid in full. Pat also informed the Board that the EDC is now the owner of the property at 1132 - 1136 N. Washington Avenue. An open house will be held within the next two weeks as part of the effort to market the property. 6) Other Business None. Paula Cunningham was called away from the meeting at 9:29 a.m. 7) Public Comment None. S) Adjournment Chair Long declared the meeting adjourned at 9:30 a.m. Minutes by B. Foreman Q�e U, +1.�. Patricia A. Cook EDC Manager Economic Development Corporation of the City of Lansing Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall Wednesday, June 6, 2001 4:00 P.M. Members Present: Ann Brazeau; James Butler; Kim Coleman; David Hollister; William Long; Jeff Williams Members Absent: Paula Cunningham; Larry Meyer; Joseph Pandy Temporary EDC Members Present: Ed Carpenter; Jan Hayhow (Loans) Charles Janssen; Jeff McAlvey (MCC Bond Project) Staff Present: Patricia Cook; Karl Dorshimer; Barbara Foreman; Tracy Carney -Miller; Marchelle Smith Guests Present: William Cook; Pat Greeve; Kester So 1) Call to Order Chair Long called the meeting to order at 4:05 p.m. 2) Approval of the Special Board of Director's Meeting Minutes from April 18, 2001 Motion - David Hollister motioned the Board to approve the Special Board of Director's Meeting Minutes from April 18, 2001 as presented and place them on file. Ann Brazeau seconded the motion. Yeas: 3) Financial Statements a) Through April, 2001 Unanimous. Motion carried. The Board unanimously agreed to receive and place on file the Financial Statements (thru April, 2001) as presented. James Butler entered the meeting at 4:10 p.m. 4) Michigan Catholic Conference EDC Bond Project Kester So, from Dickinson Wright, gave the Board a brief overview of the Michigan Catholic Conference EDC Bond Project. Further, Kester So outlined the form of the bond closing documents. a) Resolution Approving Issuance of Bonds Motion - David Hollister motioned the Board to support the Resolution Approving Issuance of Bonds for the Michigan Catholic Conference EDC Bond Project as presented. Ann Brazeau seconded the motion. Yeas: Brazeau; Butler; Coleman; Hollister; Long; Williams; Janssen; McAlvey Motion carried. Ed Carpenter entered the meeting at 4:30 p.m. 5) EDC Budget - FY 01/02 Patricia Cook gave the board an overview of the FY 01/02 EDC Budget & responded to questions regarding the budget's detail. Motion - Kim Coleman motioned the Board to approve the EDC Budget (FY 01/02) as presented. Jeff Williams seconded the motion. Yeas: Unanimous. Motion carried. a) EDC Personnel Policies/Employee Handbook As follow-up to an inquiry by an EDC board member a few years ago regarding policies for EDC employees, EDC staff members, with the advice from Board member Ann Brazeau, have been developing a Personnel Policy/Employee Handbook. Included in this handbook are prior EDC board policies relating to Fringe Benefits and Family Medical Leave Act. Motion - David Hollister motioned the Board to accept and place on file the EDC Personnel Policies/Employee Handbook as presented. Kim Coleman seconded the motion. Yeas: Unanimous. Motion carried. b) Long Term Disability - Fringe Benefit Following a request from EDC staff members to consider offering (as part of the EDC's cafeteria of fringe benefits package) long term disability insurance, EDC Manager, Patricia Cook is recommending the EDC board support the presented Long Term Disability proposal. Motion - David Hollister motioned the Board to approve the Long Term Disability Fringe Benefit for EDC employees as presented. Kim Coleman seconded the motion. Yeas: Unanimous. Motion carried. 6) EDC B.F.A.P. Projects a) Analysis of Program Loan Funds (Thru 4/30/01) The Board received a copy of the Analysis of Program Loan Funds (thru 4/30/01), which was prepared by Barbara Foreman. 7) Other Business a) EDC Projects Update (February thru May, 2001) The Board received a copy of the EDC Projects Update (February thru May, 2001), which was prepared by Tracy Carney -Miller. b) LCMF Projects Update The Board received a copy of the Lansing Community MicroEnterprise Fund's newsletter. 8) Public Comments None. 9) Adjournment Chair Long declared the meeting adjourned at 5:05 p.m. Minutes by B. Foreman Patricia A. Cook, EDC Manager Members Present: Members Absent: Temporary EDC Members Present: Staff Present: Guests Present: 1) Call to Order Economic Development Corporation of the City of Lansing Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall Wednesday, October 3, 2001 4:00 P.M. Ann Brazeau; James Butler; William Cook; Paula Cunningham; David Hollister; William Long; Larry Meyer; Jeff Williams Kim Coleman Ed Carpenter; Jan Hayhow Patricia Cook; Karl Dorshimer; Barbara Foreman; Tracy Carney -Miller; Marchelle Smith Harold Leeman; Denise Peeks; Christine Xantheas Chair Long called the meeting to order at 4:05 p.m. 2) Approval of the Board of Director's Meeting Minutes from September 5, 2001 Motion - Ann Brazeau motioned the Board to approve the Board of Director's Meeting Minutes from September 5, 2001 as presented (with one change under Item 3 - Deborah Windish of IBM will be changed to Deborah Windish of MBI) and place them on file. William Cook seconded the motion. Yeas: Unanimous. Motion carried. 3) Offer to Purchase 1132-1136 N. Washington Avenue Patricia Cook informed the Board that the EDC has received a second offer from Diane Burns ( D.R. Development, LLC) to purchase the Washington Ave. property in the amount of $275,000. Pat asked the Board for their support to move forward with the $275,000 offer and structure an agreement to bring this to a successful conclusion by Dec. 15`h, `01. Ed Carpenter entered the meeting at 4:20 p.m. Motion - William Cook motioned the Board to authorize EDC staff to proceed to negotiate a final sale of the property on the premise that the sale would be no less than $275,000. Larry Meyer seconded the motion. Yeas: Brazeau; Butler; Carpenter; Cook; Cunningham; Hayhow; Hollister; Long; Meyer; Williams Motion carried unanimously. 4) Proposed Changes To BFAP The Board received a copy of the 2nd "draft" of proposed changes to the Business Financing Assistance Program. Motion - James Butler motioned the Board to approve the amended BFAP changes as presented. Jan Hayhow seconded the motion. Yeas: Brazeau; Butler; Carpenter; Cook; Cunningham; Hayhow; Hollister; Long; Meyer; Williams Motion carried unanimously. 5) Loan Guarantee - Lansing Community MicroEnterprise Fund Denise Peeks, Executive Director of the of the Lansing Community Micro -Enterprise Fund, requested that the EDC Board consider support of the Project for another year. Patricia Cook informed the Board that in the past year there have been no defaults on any of the loans and the loan guarantee amount for the year beginning November 6, 2001 thru November 6, 2002 would be $17,765.35. Motion - William Cook motioned the Board to approve re -authorization of the $17,765.35 Loan Guarantee for the Micro -Enterprise Loan Fund (November 6, 2001 thru November 6, 2002). Jeff Williams seconded the motion. Yeas: Unanimous. Motion carried. 6) EDC Projects a) Analysis of BFAP Program (thru 8/31/01) The Board received a copy of the Analysis of Program Loan Funds (thru 8/31/10), which was prepared by Barbara Foreman. 7) Other Business None. 8) Public Comment None. 9) Adjournment Chair Long declared the meeting adjourned at 4:50 p.m. Minutes by B. Foreman as it �. Patricia A. Cook EDC Manager Economic Development Corporation of the City of Lansing Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall Wednesday, November 7, 2001 4 P.M. Members Present: Ann Brazeau; Kim Coleman; William Cook; Paula Cunningham; David Hollister; William Long Members Absent: James Butler; Larry Meyer; Jeff Williams Temporary EDC Members Absent: Ed Carpenter; Jan Hayhow Staff Present: Patricia Cook; Karl Dorshimer; Barbara Foreman; Tracy Carney -Miller; Marchelle Smith Guests Present: None At 4:05 p.m. a quorum was not presented and Chair Long suggested that the Board proceed and discuss non -action items on the Agenda. 3) EDC Projects a) Analysis of BFAP Program (thru 9/30/01) The Board received a copy of the Analysis of Program Loan Funds, which was prepared by Barbara Foreman. 4) Other Business b) Update on sale of 1132-36 N. Washington Bldg. Patricia Cook informed the Board that she and Marchelle have structured a counter offer which she will present to Diane Burns tomorrow. Pat stated that she is expecting to close the sale of the property with Diane Burns (D.R. Development, LLC) sometime in late December. David Hollister entered the meeting at 4:14 p.m. and a quorum was now present. 1) Call to Order Chair Long called the meeting to order at 4:15 p.m. 2) Approval of the Board of Director's Meeting Minutes from October 3, 2001 Motion - Paula Cunningham motioned the Board to approve the Board of Director's Meeting Minutes from October 3, 2001 as presented and place them on file. William Cook seconded the motion. Yeas: Unanimous. Motion carried. 4) Other Business a) Update on Plas Labs (EDC Bond Project) Karl Dorshimer stated that Plas Labs will not be re -locating their business to the Corporate Research Park. Karl further stated that Plas Labs will remain in Lansing and they are currently negotiating the purchase of a 27,000 sq. ft. building in N. Lansing, formerly the Bunday Building. Kim Coleman entered the meeting at 4:19 p.m. c) Update on "Street Art" Program Marchelle Smith informed the Board that Downtown Lansing, Inc., in partnership with the EDC, the Arts Council of Greater Lansing, the GLCVB, the Lansing Art Gallery, the City of Lansing and the PSD, is planning a new event for downtown Lansing. The event is called "Sculpture in the Streets" which will be an outdoor exhibit of fifteen life-size bronze sculptures to be placed on Washington Square in the summer of 2002. The cost of the exhibit will be $30,000 for a three month rental of the sculptures. Downtown Lansing, Inc. will be the fund-raising arm of the project. 5) Public Comment None. 6) Adjournment Chair Long declared the meeting adjourned at 4:23 p.m. Minutes by B. Foreman Patricia A. Cook EDC Manager Economic Development Corporation of the City of Lansing Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall Wednesday, December 5, 2001 4 P.M. Members Present: Ann Brazeau; Kim Coleman; William Cook; William Long; Larry Meyer; Jeff Williams Members Absent: James Butler; Paula Cunningham; David Hollister Temporary EDC Members Present: Jan Hayhow Temporary EDC Members Absent: Ed Carpenter Staff Present: Patricia Cook; Barbara Foreman; Tracy Carney -Miller; Marchelle Smith Guests Present: Charlie Hawes; Dave Tijerina 1) Call to Order Chair Long called the meeting to order at 4:05 p.m. 2) Approval of the Board of Director's Meeting Minutes from November 7, 2001 Motion - Kim Coleman motioned the Board to approve the Board of Director's Meeting Minutes from November 7, 2001 as presented and place them on file. Ann Brazeau seconded the motion. Yeas: 3) EDC FY 00/01 Audit Unanimous. Motion carried. Motion - Larry Meyer motioned the Board to receive and place on file the FY `2000/2001 "Draft" Audit as presented by Charlie Hawes of Kutas & Hawes, P.C. Kim Coleman seconded the motion. Yeas: Unanimous. Motion carried. 4) EDC Projects a) Analysis of BFAP (thru 10/31/01) The Board received a copy of the Analysis of Program Loan Funds, which was prepared by Barbara Foreman. 5) Other Business a) Amendments to MEDC Interlocal Agreement Patricia Cook reminded the Board that in December of 1999 the EDC entered into an Interlocal Agreement with the Michigan Economic Development Corporation which affords the EDC the opportunity to be in partnership with the MEDC and look forward to collaborating with them on projects in the future. The Interlocal Agreement also allows the EDC the opportunity to have a board member on the MEDC Board. Currently, Dennis Sykes is the EDC's representative. Patricia Cook gave the Board a brief overview of the proposed amendments to the Interlocal Agreement. Motion - Larry Meyer motioned the Board to approve the Resolution approving the Amendments to the MEDC Interlocal Agreement as presented by Patricia Cook. Kim Coleman seconded the motion. Yeas: Unanimous. Motion carried. b) Update on sale of 113 2-3 6 N. Washington Avenue Bldg. Marchelle Smith informed the Board that she is hopeful that a closing with Diane Burns (D.R. Development, LLC) on the Washington Avenue property will be sometime in late January, `02. c) EDC Brochures Board members received a copy of the new EDC Brochure, which outlines EDC services. The brochure was created by Tracy Carney -Miller. 6) Public Comment None. 7) Adjournment Chair Long declared the meeting adjourned at 4:21 p.m. Minutes by B. Foreman G� Patricia A. Cook EDC Manager ANNUAL BOARD REPORT FOR THE ECONOMIC DEVELOPMENT CORPORATION, TAX INCREMENT FINANCE AUTHORITY AND BROWNFIELD REDEVELOPMENT AUTHORITY OF THE CITY OF LANSING EVALUATION FOR THE 2001 CALENDAR YEAR WORK PROGRAM EDC, TIFA & LBRA Administration and Management Objectives: Goal: Finalize Development of a comprehensive employment policy. Status: The EDC staff prepared and finalized an employment policy and employee handbook. Goal: Finalize development of a web site for the EDC, TIFA & LBRA programs. Status: A website prototype has been developed and is in the review process for placement on the web. Refinement of the website will be an ongoing task. Goal: Continue to explore additional funding opportunities for future EDC business loan program. Status: The EDC continues to explore financing the Central Utilities Complex for G.M. Platinum project as a source of future revenue from issuer's fees and bond financing. Goal: Continue to support departmental strategic planning, outcome and performance measurements and the use of technology to improve efficiency. Status: The EDC has continued to upgrade computer and other office equipment as necessary and, through development of the website, has begun to consider methods by which EDC, LBRA &TIFA services and programs could be made available online (applications, information, etc.). Goal: Continue to work on developing a set of marketing tools which will continue to better promote EDC initiatives. Status: The EDC has prepared three new brochures for LBRA and EDC activities and one brochure on Downtown Revitalization initiatives. Additionally, staff worked to complete a 2001 Development Report which highlights key development projects and an Annual Report, which is intended to showcase the EDC's role within the City and other efforts currently underway. 2001 Board Report 1 January 11, 2002 Goal: Administerthe EDC, TIFA & LBRA including all correspondence & documents for Board meetings, facilitate the annual audits, prepare financial statements, coordinate monthly committee and standing committee meetings - as needed, and confer with legal council regarding business loans, legislative changes and other topics as required. Status: The EDC staff has continued to complete all administrative functions of the EDC, TIFA and LBRA agencies. Business Retention, Attraction & Expansion Efforts: Goals: Continue to provide any assistance necessary to support ongoing GM projects in Lansing. Status: The EDC has continued to play an important role in facilitating the GM projects which are currently underway in the City. Goal: Prepare appropriate agreements with other local governments to support future economic development projects. Status: The EDC participated in City efforts to partner with DeWitt Twp and create a development proposal to attract the Air Wisconsin maintenance facility to Lansing. Goal: Partner with MEDC, LCC & REDT for site searches and business attraction/expansion activities. Status: EDC Staff continues to respond to site search requests from our local partners and businesses. Goal: Focus attraction efforts on GM suppliers and high-tech businesses which include advanced manufacturing and biotechnology firms. Status: EDC Staff provided site and incentive information to several GM Suppliers. The EDC continued to develop the Lansing Regional SmartZone to attract and grow high-tech businesses in Lansing. Goal: Partner with Ingham County EDC and MEDC to conduct 400 annual business calls in Lansing and Ingham County; continue Business Retention Program and utilization of retention contractor. Status: Over 240 Lansing businesses were personally called on during the 2001 calendar year. These efforts keep the EDC and City in a proactive position regarding business development and assistance. 2001 Board Report 2 January 11, 2002 Goal: Continue assisting all general business inquiries. Status: The EDC has continued to receive calls of a "general business" nature throughout the past year. The EDC either assists these individuals/businesses directly, or makes referrals to appropriate agencies/persons. Annual average of general calls approximate 500. Business Financing & Incentive Assistance: Goal: Continue to facilitate the processing of new BFAP applications. Status: Despite ongoing efforts to promote the program, the EDC did not receive any applications for BFAP loans. As a result, the loan guidelines were modified to allow an increase in the maximum loan amount, reduction in the interest loan rate and expand the geographical area within the downtown area that loan applicants would be considered from. Goal: Continue to provide financing assistance to any eligible business or organization requesting tax exempt bond issuance. Status: The EDC was able to issue a $10,000,000 tax exempt bond to help finance the construction of a new headquarter building for the Michigan Catholic Conference in downtown Lansing. Goal: Assist in the review of any new LCMF loan requests. Status: The EDC continues, along with the City, to jointly guarantee the Lansing Community Micro -Enterprise Fund loans. Staff also serves on the LCMF Board and Chairs the LCMF Loan Committee. Over the last year the LCMF made 6 loans to small businesses and trained 33 people on how to start their own business. Goal: Facilitate the completion of any new tax abatement requests. Status: Staff assisted Strategic Interactive to apply and receive tax abatement for their expansion project in Lansing. Goal: Continue to provide grant application assistance to other City departments, as needed. Status: The EDC continued to assist the City of Lansing with the administration of several grant programs: • Continued to assist with administration of $5 million MEDC grant for General Motors Corporation (GM) infrastructure development. 2001 Board Report 3 January 11, 2002 • Continued to assist with administration of $1 million MDEQ grant for GM environmental activities. • Continued administration of two CMI Waterfront Redevelopment grants for projects located in the Old Town area. • Assisted the City of Lansing in the application for an Enhancement Grant through MDOT for streetscape improvements in the 100-500 South Blocks of Washington Square. Regional Cooperation: Goal: Actively participate in the RED Team, Inc., including participation in committees and Board of Directors. Actively participate with the Michigan Downtown Financing Association to coordinate with other cities within the State on downtown revitalization. Continue to work with the RED Team, Inc., MSU and MEDC to recruit and retain MSU students into the local workforce. Status: EDC staff continued to play an active leadership role on the RED Team, Inc. Activities included: • Staff held President, Treasurer and Past President positions on RED Team, Inc. Board of Directors. • Staff participated on Long Range Planning committee. • Staff chaired Workforce Committee • Staff played an active part on Link Michigan Committee. Goal: Continue working with regional partners on economic strategies and workforce development issues. Status: Staff participated in strategic regional visioning process conducted by the Lansing Regional Chamber of Commerce. Goal: Continue participation in workforce development, career preparation and school to work programs with LSD, Capital Area Michigan Works, Chamber of Commerce, LCC, MSU, General Motors, Trade Unions, MEDC and CLASS. Status: Staff serves on regional Workforce Development Board; Career Connections Board and as co-chair of the Marketing Committee that promotes regional school to career preparation activities. Special Projects: Goal: Continue to monitor the City's debt service for new court facility. Status: Project completed. TIFA pays bi-annual debt service on newfacility. 2001 Board Report 4 January 11, 2002 Goal: Assist in exploring the development of a new Arts and Education Center. Status: EDC staff continues to play an active and important role in facilitating the development of a new Arts & Education Center and exploration of possible funding opportunities. Goal: Explore the feasibility of expanding the Lansing Center. Status: A study was completed which demonstrated the need for an expansion to the Lansing Center. The EDC continues to remain active in discussions relating to moving this project to fruition. Goal: Continue to explore the development of EDC Property. Status: As expansion plans for the Lansing Center continue, the development of the EDC property continues to be discussed and explored. Goal: Continue to pursue revenue generating projects for the EDC, TIFA & LBRA. Status: Staff continues promote private development projects to generate property tax revenue capture that assist in funding general operations of the EDC office. Goal: Continue to participate in the Mayor's Parking Advisory Committee Initiatives. Status: In conjunction with the City's Parking and Transportation Office, the EDC has finished developing marketing materials for parking program incentives for downtown residents and businesses. The material has been inserted into the Business Recruitment brochure and distributed to interested parties. Goal: Continue to explore financing the Central Utilities Complex for G. M. Platinum Facility. Status: The EDC continues to explore the possibility of financing the CUC for General Motors. Goal: Work with developers and state government on major downtown construction and redevelopment projects. Status: The EDC has continued to work closely with developers and state government on several major downtown construction and redevelopment projects including the following: Redevelopment of former Civic Center site, now the "Constitution Hall" building. Development of the "Hall of Justice" building on MLK. 2001 Board Report 5 January 11, 2002 • Continue to work with developers and other City departments on the redevelopment of the "Triangle site" and the "BWL Coal Storage site". Application to Michigan Department of Transportation for a Streetscape Enhancement Grant for the 100-500 South blocks of Washington Square. • Completed streetscape improvements to the 100 North Block of Washington Square. • Financed with tax exempt bonds the Michigan Catholic Conference project Goal: Work with the Board of Water & Light (BWL) to develop the Ottawa Street Power Station. Status: The EDC has continued to work with the BWL on the redevelopment of the Power Station. The LBRA has forwarded a Brownfield Plan, which includes the Power Station, to the Lansing City Council for consideration. Additionally, the EDC continues to work with the MEDC to secure the CMI Waterfront Redevelopment grant for this project. Goal: EDC will continue to partner with CATA, local and state partners to participate and support ongoing technical planning/analysis and building community support for the Lansing to Detroit Passenger Rail Project. Status: This project is progressing into the pre -engineering stage. Staff will assist in the preparation of a "New Starts" application for project funding from the Federal Transportation Administration. Goal: Assist the PND with developing the BTS site with partners including Eastside Neighborhood Organization, Lansing School District and Sparrow Health Systems. Status: The EDC has continued to support the development of the BTS site by working with developers and other city departments. Specifically, the LBRA has forwarded a Brownfield Plan to the Lansing City Council and has used EPA grant funds to pay for environmental assessment work on the site in preparation of development. Goal: Participate in South Lansing Ad Hoc Committee Implementation Task Force Initiatives. Status: EDC staff has continued to play an active role on the Task Force charged with implementation of recommendations stemming from the South Lansing Ad Hoc Committee. 2001 Board Report 6 January 11, 2002 Program Areas: Goal: Continue to promote the PSD and Entertainment district to businesses. Status: Continued to promote the PSD and Entertainment district to businesses, including: • Partnered with the PSD to complete a Business Recruitment and Marketing Brochure and distributed to local area businesses, property owners, realtors and developers. • Visited outside businesses to recruit to Lansing for either relocation or expansion. • Participated in Blue Ribbon Cutting Ceremonies for new downtown businesses. • Participated in a Task Force and Events Committee to promote a "life- like" art exhibit for "Sculptures in the Streets". • Staff has assisted with a Maintenance Management Plan to better manage contractors for the care of streetscape elements in the downtown. • Staff has assisted with a Wayfinding System Design to be implemented for five City parking ramps and for the 100 North block of Washington Square initially, while looking at a total vision of wayfinding for the downtown area that could ultimately be implemented Citywide. Goal: Continue to implement the recommendations of the Downtown Blue Ribbon Committee. Status: Staff continues to promote and administer downtown initiatives in order to provide implementation of Blue Ribbon Committee recommendations. Initiatives include: • A Business Financing Assistance Program to attract and expand retail/commercial development; • A Facade/Loft Grant Program to assist in facade improvements and new loft development, and; • A Neighborhood Enterprise Zone Program for property tax abatements on new construction and rehabilitated properties. Goal: Promote and administer the Facade Improvement & Loft Housing Construction grant programs. Status: Four facade renovations have been completed, three are near completion and five project are currently in the planning stages. Award Certificates have been given to those business and property owners whose projects have been completed. EDC staff continues to promote the Grant program to other downtown property and business owners. 2001 Board Report 7 January 11, 2002 Status: Construction of two new luxury lofts has been completed using the Loft Construction grant program. EDC staff continue to promote the Grant program to other downtown property and business owners. Goal: Promote and administer the Business Finance Assistance Program (BFAP). Status: Continued to promote and administer the BFAP Loan Program as fol lows: • Initiated and provided follow up for a "mass mailing" of information on the BFAP program to business and property owners in the targeted area of the Washington Square Corridor. • Staff provided recommendations on modifications to program guidelines in order to allow an increase in the maximum loan amount, reduction in the interest loan rate and an expansion of the geographical area within the downtown. • Staff conducted visits to interview existing loan recipients as to the soundness and success of the businesses and obtain required financial information. • Extended a Loan Guarantee Agreement between the EDC and the Lansing Community Microenterprise Fund. • Marketed, negotiated and accepted Purchase Offer on the property located at 1132/36 N. Washington Avenue. Goal: Continue to support the development of Old Town, work with Old Town Commercial Association and other partners. Status: Continued to participate in Economic Restructuring Committee Meetings and assist in business retention activities as well as act as an ombudsman and liaison between Old Town businesses and City agencies. Goal: Continue to provide general administration of RZ program and marketing information to developers. Status: The EDC promoted and administered all documentation relating to property and taxpayer eligibility for the Renaissance Zone program. Provided marketing of available Renaissance Zone locations to developers and businesses. The EDC also developed and submitted several articles for the 7 -block newsletter. 2001 Board Report 8 January 11, 2002 Goal: Continue to promote the NEZ program, facilitate applications and establish new zones, as appropriate. Status: Efforts to promote the NEZ program as follows: Created Zone #14 in the downtown North Washington Square area. Eleven(11) new construction NEZ certificates were issued for "On the Grand Condominiums" on Turner Street in Old Town. Updated Informational and Application Packets for both Residential Rehabilitation and New Construction NEZ Certificates as well as prepare a basic information packet on both types of NEZ's. • Staff participated with the State of Michigan to provide recommended changes to the NEZ legislation, most of which were legislatively incorporated into the new legislation. Goal: Administer the $200,000 EPA grant for a Brownfield Inventory and site assessments. Status: The LBRA has nearly completed work on the Brownfield Inventory and has completed assessment work on five brownfield sites, including preparation of Brownfield Plans. The LBRA has also applied for supplemental funding under this program. Goal: Apply for an additional EPA grant to perform remediation activities and capitalize the LBRA revolving fund. Status: The LBRA applied for and was awarded a grant in the amount of $835,000 from the EPA for the completion of select cleanup activities on Brownfield sites. Goal: Utilize and promote the use of brownfield incentives for the redevelopment of contaminated, blighted or obsolete properties in the City. Status: The LBRA prepared and forwarded eight Brownfield Plans to the Lansing City Council for their consideration and approval. Each plan details a specific redevelopment effort which will be undertaken as a result of the Brownfield incentives. Goal: Continue to work to establish six sub-SmartZones in Lansing and East Lansing. Status: Lansing was successfully awarded 2 sub -zones in the City. Staff is working with East Lansing to create a joint Local Development Finance Authority to use tax increment financing to grow high-tech businesses in both areas of the Lansing Regional SmartZone. 2001 Board Report 9 January 11, 2002 Goal: Continue to promote IT economic development by implementing a Comprehensive Strategic Plan to improve infrastructure in the City. Status: The TIFA has funded and facilitated the City of Lansing's Information Technology Readiness Assessment and creation of an E- conomic Development Plan. EDC staff now provides coordination of the IT Implementation Team efforts to implement goals and objectives outlined in the E-conomic Development Plan. EDC staff has participated with other City departments in discussions with IT Service Providers and others regarding availability and installation of higher capacity connectivity options within the City. 2001 Board Report 10 January 11, 2002