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HomeMy WebLinkAbout2020 LEDC minutesLansing Economic Development Corporation Annual Board of Director's Meeting Minutes Friday, January 10, 2020 - 8:30 AM LEAP Office 1000 S Washington Ave. Ste. 201 Lansing, MI 48910 Members Present: Calvin Jones, Thomas Donaldson, Shelley Davis -Boyd Brian McGrain, Fred Schaible, Blake Johnson, Kimberly Coleman, James Butler III Members Absent: Andrea Binoniemi (E) Temp Members Present: None Staff Present: Karl Dorshimer, Hannah Bryant, Kris Klein, Rachel Mcllvaine, Jennifer Abood-Morris Guests: Jeff Scharnowske Call to Order Chair Jones welcomed everyone and called the LEDC Board of Directors meeting to order at 9:26 a.m. Approval of LEDC Board Meeting Minutes - Friday, December 6, 2019 MOTION: Butler moved to approve the LEDC meeting minutes from the Friday, December 6, 2019 LEDC Board of Director's meeting, as presented. Motion seconded by Coleman. YEAS: Unanimous. Motion Carried. Update on Financials Abood-Morris provided an update on the LEDC financials through November 30, 2019. Lowertown Lofts approved, Insurance payment was made, year-end report will be provided by Rehmann at the February Meeting. Project Updates Dorshimer provided an update on LEDC Projects. Approval of 2020 Board of Directors Meeting Schedule (Action) MOTION: Johnson moved to approve the 2020 LEDC Board of Directors Meeting Schedule, as amended. Motion seconded by Boyd. YEAS: Unanimous. Motion Carried. 1 Open Forum for LEDC Board of Directors None. Other Business Public Comment None was provided. 2020 LEDC Board of Directors Officers Election Chair Jones discussed the annual election and introduced Klein to present the 2020 Officer slate and process. Klein read the nominees for 2020 Officers, noting a nomination was received for each Officer position and no positions are contested. Chair Jones opened the floor for any additional nominations. Hearing none, Chair Jones declared that the Board will forgo a ballot vote and called for a motion to approve the Officer slate by acclamation. MOTION: Schaible moved to accept the slate of nominees for Officer positions as presented. Motion seconded Boyd. YEAS: Unanimous. Motion carried. Chair Jones announced the 2020 Officers were approved, as presented, by unanimous consent. Adjournment There being no further business, Chair Jones declared the LEDC meeting adjourned at 9:40 a.m. Karl D6shim6r, Director of Economic Development Lansing Economic Area Partnership (LEAP) 2 Lansing Economic Development Corporation Board of Director's Meeting Minutes Friday, February 7, 2020 - 3:OOPM Sleepwalker Spirits & Ale 1101 S Washington Ave. Lansing, MI 48910 Members Present: Calvin Jones, Thomas Donaldson, Brian McGrain, Fred .Schaible, Blake Johnson, Andrea Binoniemi, Kimberly Coleman Members Absent: Shelley Davis -Boyd, James Butler III Temp Members Present: None Staff Present: Karl Dorshimer, Hannah Bryant, Kris Klein, Rachel Mcllvaine, Jennifer Abood-Morris, Dillon Rush Guests: Paul Matz, Call to Order Chair Jones welcomed everyone and called the LEDC Board of Directors meeting to order at 3:57p.m. Approval of LEDC Board Meeting Minutes - Friday, January 10, 2020 MOTION: Binoniemi moved to approve the LEDC meeting minutes from the Friday, January 10, 2020 LEDC Board of Director's meeting, as presented. Motion seconded by Schaible. YEAS: Unanimous. Motion Carried. LEDC Audited Financial Statements - YE June 30, 2019 (Action) Chair Jones recognized guests from Rehmann Robson to present the LEDC Audited Financial Statements for year end June 30,2019. Matz noted how the format of the LEDC financials differ from the LIBRA and TIFA because it is set up as a non-profit. Matz provided an overview of the LEDC financials for 2019. MOTION: Donaldson moved to approve the LEDC Audited Financial Statements - YE June 30, 2019. Motion seconded by Schaible. YEAS: Unanimous. Motion Carried. Project Updates - 2019 Annual LEDC Report Dorshimer provided an overview of the 2019 Annual Report of LEDC projects. Arts and Culture Grant Program Contract Amendments (Action) Chair Jones introduced Klein and Rush to describe the Arts and Culture Grant Program Amendments. a) 2018/2019 Arts and Culture Grant Program Extension o Contract between LEDC and City of Lansing MOTION: Binoniemi moved to approve the Amendment to the 2018/2019 Arts and Culture Grant Program contract between the LEDC and City of Lansing. Motion seconded by Schaible. YEAS: Unanimous. Motion Carried. o Contract between Arts Council and LEDC MOTION: Schaible moved to approve the Amendment to the 2018/2019 Arts and Culture Grant Program contract between the LEDC and Arts Council of Greater Lansing. Motion seconded by Coleman. YEAS: Unanimous. Motion Carried. b) 2016/2017 Arts and Culture Grant Program Extension o Contract between LEDC and City of Lansing MOTION: Binoniemi moved to approve the Amendment to the 2016/2017 Arts and Culture Grant Program contract between the LEDC and City of Lansing. Motion seconded by Coleman. YEAS: Unanimous. Motion Carried. o Contract between Arts Council and LEDC MOTION: Coleman moved to approve the Amendment to the 2016/2017 Arts and Culture Grant Program contract between the LEDC and Arts Council of Greater Lansing. Motion seconded by Binoniemi. YEAS: Unanimous. Motion Carried. Open Forum for LEDC Board of Directors The upcoming Oliver Towers Ribbon Cutting was discussed. Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LEDC meeting adjourned at 4:10 p.m. Karl Oorshir6er, Director of Economic Development Lansing Economic Area Partnership (LEAP) 2 Lansing Economic Development Corporation Board of Director's Meeting Minutes Friday, March 6, 2020 - 8:30AM LEAP Office 1000 S. Washington Ave. Ste. 201 Lansing, MI 48910 Members Present: Calvin Jones, Thomas Donaldson, Blake Johnson, Andrea Binoniemi (8:58 a.m.), Kimberly Coleman Members Absent: Brian McGrain (E), Fred Schaible (E), Shelley Davis - Boyd (E), James Butler III Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Rachel Mcllvaine, Dillon Rush Guests: Brian Lefler (Baird) Call to Order Chair Jones welcomed everyone and called the LEDC Board of Directors meeting to order at 8:50 a.m. Approval of LEDC Board Meeting Minutes - Friday, February 7, 2020 MOTION: Donaldson moved to approve the LEDC meeting minutes from the Friday, February 7, 2020 LEDC Board of Director's meeting, as presented. Motion seconded by Binoniemi. YEAS: Unanimous. Motion Carried. FY2020-2021 LEDC Budget Update Chair Jones introduced Dorshimer to discuss the upcoming 2020-2021 LEDC budget process with the City of Lansing. Dorshimer discussed the revenue sources and general expenditures for the LEDC. There may requests from the City this year for unrestricted LEDC funds to support economic development services. Dorshimer introduced Lefler of Baird, who is representing the City, discussed new processes being developed within the City's finance department which will likely impact the LEDC. Discussion on the budget and financial operations ensued. Dorshimer: City is going through a significant budget adjustment. The City may ask the EDC to use their reserve to pay the $300,000 that usually comes to the EDC from the City. He said this is not sustainable in the long run but could be done for next year. There followed additional discussion regarding the financial relationship between the City and EDC. The Board requested that city staff give a presentation regarding the city budget process at a future EDC board meeting. 2018/2019 Arts and Culture Grant Program Contract Amendments (Action) Chair Jones introduced Klein and Rush to describe the Arts and Culture Grant Program Amendments. Contract between LEDC and City of Lansing MOTION: Binoniemi moved to approve the Amendment to the 2017/2018 Arts and Culture Grant Program contract between the LEDC and City of Lansing. Motion seconded by Coleman. YEAS: Unanimous. Motion Carried. Contract between Arts Council and LEDC MOTION: Binoniemi moved to approve the Amendment to the 2017/2018 Arts and Culture Grant Program contract between the LEDC and Arts Council of Greater Lansing. Motion seconded by Donaldson. YEAS: Unanimous. Motion Carried. Microloan Application - Sleepwalker Spirits, 1101 S. Washington, Lansing, MI (Action) MOTION: Binoniemi moved to approve the Sleepwalker Spirits LEDC Microloan Application. Motion seconded by Coleman. YEAS: Unanimous. Motion Carried. Resolution in Support of Michigan Historic Tax Credit (Action) Dorshimer explained the current efforts at the state legislature to reinstate the Historic Tax Credit and introduced Mcllvaine to summarize the proposed legislation and resolution of support. Binoniemi: 25% same as previous credit? Mcllvaine: yes Donaldson: does it only affect state taxes? Mcllvaine: yes MOTION: Coleman moved to approve the Resolution in Support of Michigan Historic Tax Credit. Motion seconded by Binoniemi. YEAS: Unanimous. Motion Carried. Project Updates Dorshimer provided project updates to the Board, including projects still needing approvals, projects underway, and others nearing completion or recently completed. 2 Open Forum for LEDC Board of Directors Chair Jones requested an update on the Pablo's Restaurant project at 1 102 S. Washington Ave. Dorshimer Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LEDC meeting adjourned at 9:43a.m. Karl Dorshimer, Director of Economic Development Lansing Economic Area Partnership (LEAP) 3 Lansing Economic Development Corporation Board of Director's Meeting Minutes Thursday, April 9, 2020 - 8:30AM THIS MEETING WAS HELD ELECTRONICALLY* * Michigan Executive Order 2020-15 (COVID-19) provides temporary authorization of remote participation in public meetings and hearings. Members Present: Calvin Jones, Thomas Donaldson, Blake Johnson, Andrea Binoniemi, Kimberly Coleman, Brian McGrain, Fred Schaible, Shelley Davis -Boyd Members Absent: James Butler III Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Rachel Mcllvaine, Hannah Bryant Guests: - Call to Order Chair Jones welcomed everyone and called the LEDC Board of Directors meeting to order at 8:32 a.m. Klein provided a brief explanation of the meeting process for remote participation for both board members and for the public. Rollcall was called by Klein and recorded for public record. Approval of LEDC Board Meeting Minutes - Friday, March 6, 2020 MOTION: Schaible moved to approve the LEDC meeting minutes from the Friday, March 6, 2020 LEDC Board of Director's meeting, as presented. Motion seconded by Johnson. YEAS: Unanimous. Motion Carried. Lansing Small Business Recover Program - LSBRP • Update on MEDC SBR Program Dorshimer gave a brief overview of the Lansing Small Business Recovery Program Action Plan. The National Development Council (NDC) has provided several phases of the impact small businesses will face in the next several months/year, which this action plan follows. By creating this action plan, it will help the LEDC plan strategically. Dorshimer stated that LEAP was awarded emergency small business relief grant funds from the MEDC to distribute 60 $10,000 grants to Lansing region small businesses. Additionally, LEAP is helping with the MEDC Small Business Relief Program for loans. Dorshimer shared that out of the 60 awarded, about 20 grants were awarded within the city of Lansing. Resolution to create LSBRP Rescue Fund (Action) Klein provided an overview of the LSBRP Rescue Fund guidelines, eligibility, application scoring criteria and review process. These emergency funds are to provide immediate help to struggling small businesses in the City of Lansing that have been had severe impact due to COVID-19. Klein stated that it would be $400,000 in total, this would be $10,000 per award, with the possibility of a limited number of $5,000 awards at the discretion of the committee. The fund's purpose is for emergency working capital that businesses need to survive. Davis -Boyd asked why this program is being limited to businesses under 25 employees and is it the number of employees prior to COVID-19 or after. Klein shared that other programs had it open to larger employee counts, but this program focus will be the smaller businesses. Mcilvaine shared that in the application it will ask to differentiate between the number of employees prior to COVID-19 and after. Klein stated that $200,000 will come from the Business Loan balance funds and the other $200,000 will be from the unobligated General Fund balance to go towards the Lansing Small Business Recovery Fund. Schaible shared his concerns that the emergency funds should go through the similar process that microloans follow, and that final approval of the awardees should be approved by the LEDC. Discussion ensued. MOTION: Schaible moved to approve the Resolution to create LSBRP Rescue Fund with an amendment to strike section 4 within the resolution, with the addition of the final application be approved by the LEDC Board. Motion seconded by Binoniemi. Klein took a roll call vote. YEAS: (3) McGrain, Schaible, Binoniemi. NAYS: (5) Coleman, Davis -Boyd, Donaldson, Jones, Johnson Motion Failed MOTION: Binoniemi moved to approve the Resolution to create LSBRP Rescue Fund, as presented. Motion seconded by Coleman. Klein took a roll call vote. YEAS: Unanimous. Motion Carried. 2019-2020 Budget Amendment for LSBRP Rescue Fund (Action) Klein stated this item was presented in the previous discussion. Schaible noted that in the resolution it states that even though it is a loan and there might be the opportunity to receive the loan back. There is no guarantee there will be a way to receive those dollars back. Dorshimer stated that adding the language as least leaves the door open to either return unused funds or recapitalize the loan fund in the future if possible. MOTION: Binoniemi moved to approve the 2019-2020 Budget Amendment for LSBRP Rescue Fund. Motion seconded by Davis -Boyd. Klein took a roll call vote. 2 YEAS: Unanimous. Motion Carried. First Amendment to 2019-2020 Fagade Improvement Program Contract (Action) Bryant provided an update regarding the Facade Program and stated in the current contract timeline, projects need to be completed by June 301h. Due to COVID-19 and the Executive Order, construction is currently stopped so facade projects might not be completed within the current timeframe. This amendment is to ensure that businesses will be able to complete their facades and is proposed to extend the timeline to October 1St, 2020, stating that this will allow the summer months for the facades to be completed. MOTION: Binoniemi moved to approve the Amendment to 2019-2020 Facade Improvement Program Contract between the LEDC and City of Lansing. Motion seconded by Johnson. YEAS: Unanimous. Motion Carried. Project Updates Dorshimer provided project updates, but due to the Executive Order for COVID-19 all construction projects have been halted. Open Forum for LEDC Board of Directors Binoniemi shared that she is no longer at Tri-Star Trust, but she provided her new email and cellphone to the LEDC staff. Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LEDC meeting adjourned at 9:33 a.m. Karl Dorshiger, Director of Economic Development Lansing Economic Area Partnership (LEAP) 3 Lansing Economic Development Corporation Board of Director's Meeting Minutes Friday, May 15, 2020 - 8:30 AM THIS MEETING WAS HELD ELECTRONICALLY* * Michigan Executive Order 2020-75(COVID-19) provides temporary authorization of remote participation in public meetings and hearings. Members Present: Calvin Jones, Blake Johnson, Andrea Binoniemi, Kimberly Coleman, Fred Schaible, Brian McGrain Members Absent: James Butler III, Thomas Donaldson, Shelley Davis - Boyd Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Rachel Mcllvaine, Hannah Bryant Guests: Jennifer Abood Morris Call to Order Chair Jones welcomed everyone and called the LEDC Board of Directors meeting to order at 9:07 a.m. Approval of LEDC Board Meeting Minutes - Thursday, April 9, 2020 MOTION: Coleman moved to approve the LEDC meeting minutes from the Thursday, April 9, 2020 LEDC Board of Director's meeting, as presented. Motion seconded by Binoniemi. YEAS: Unanimous. Motion Carried. Update on Financials Dorshimer provided an update regarding the City Council budget and the City's decision not to fund the LEDC this year. He said this would force the LEDC to cut costs and utilize it's unobligated fund balance to fill the gap. Dorshimer said this would be reflected in the proposed LEDC 2020-21 budget to be presented in June. Abood Morris provided an update on March financials. She stated that cash balance is a little less, because of the COVID 19 rescue funds. Additionally, she stated there are no red flags on these statements. Schaible commented that because of the need to use LEDC fund reserves, the proposed budget might need to be reduced in certain areas. Lansing Small Business Recover Program - LSBRP Update on rescue funds Mcllvaine provided an update on the Rescue Funds. She shared that 34 businesses were awarded $10,000 dollar grants. Many businesses had obligations towards the city, making them not eligible for the program. This resulted in having $60,000 still available. The phase two of using the rest of the funds will be utilized to fund 12 businesses at $5,000 grants. For the new timeline, May 22nd businesses will need to be in compliance with the treasury office. Klein stated that the list of awarded businesses are included in the packet. Schaible thanked the staff and asked about details regarding the obligations. Klein stated these obligations included income, corporate, and personal taxes, all were pre- COVID obligations. Chair Jones also thanked the staff, committee, and reviewers all the work on this program. CDBG Rescue Fund Program Klein provided an update on working with the Lansing Planning Department and the CDBG funds through the CARES act. More information will be provided as it is built out and we are still waiting on more guidance. The city would contract with the LEDC to implement the funds because of the system and work through the Lansing Small Business Recover Program. MEDC Match on Main COVID-19 Response Program Application (ACTION) Bryant introduced the MEDC Match on Main Program that has recently been expanded to include commercial districts other than downtown areas. LEDC contract with the city and LEAP for economic development, part of it is to assist the Corridor Improvement Authorities. Staff would like to apply for the program for the Corridor Improvement districts and the businesses that are within all four CIAs districts. Two of the four CIAs have boards, which Bryant has been in communication with regarding this application. Part of the application is to include businesses and the metrics of choosing them, if approved, the staff will utilize the program already established for Rescue Funds MOTION: Binoniemi moved to approve the Resolution for the MEDC Match on Main Response Program application, as presented. Motion seconded by Coleman. YEAS: Unanimous. Motion Carried. Arts & Culture Contract Amendments (Revised) for Program Extension Klein provided an update on all of the Arts and Culture Grant Program Amendments. 2018/2019 Arts and Culture Grant Program - REO Town (ACTION) o Contract between LEDC and City of Lansing MOTION: Schaible moved to approve the Amendment to the 2018/2019 Arts and Culture Grant Program contract between the LEDC and City of Lansing. Motion seconded by Johnson. YEAS: Unanimous. Motion Carried. o Contract between Arts Council and LEDC MOTION: Binoniemi moved to approve the Amendment to the 2018/2019 Arts and Culture Grant Program contract between the LEDC and Arts Council of Greater Lansing. Motion seconded by Schaible. YEAS: Unanimous. Motion Carried. 2017/2018 Arts and Culture Grant Program - CCFF (ACTION) o Contract between LEDC and City of Lansing MOTION: Schaible moved to approve the Amendment to the 2017/2018 Arts and Culture Grant Program contract between the LEDC and City of Lansing. Motion seconded by Coleman. YEAS: Unanimous. Motion Carried. o Contract between Arts Council and LEDC MOTION: Coleman moved to approve the Amendment to the 2017/2018 Arts and Culture Grant Program contract between the LEDC and Arts Council of Greater Lansing. Motion seconded by Binoniemi. YEAS: Unanimous. Motion Carried. 2016/2017 Arts and Culture Grant Proaram - SWL Arts Imoact (ACTION o Contract between LEDC and City of Lansing MOTION: Binoniemi moved to approve the Amendment to the 2016/2017 Arts and Culture Grant Program contract between the LEDC and City of Lansing. Motion seconded by Coleman. YEAS: Unanimous. Motion Carried. o Contract between Arts Council and LEDC MOTION: Schaible moved to approve the Amendment to the 2016/2017 Arts and Culture Grant Program contract between the LEDC and Arts Council of Greater Lansing. Motion seconded by Binoniemi. YEAS: Unanimous. Motion Carried. Project Updates Dorshimer provided project updates, now that construction has started back up again, projects are moving again. Open Forum for LEDC Board of Directors Binoniemi shared that she is an American Cancer Society Community Ambassador. She will send information to Klein to share with the Board. Chair Jones brought to the board's attention, Klein and Bryant addition of EDFP to their names. Klein expressed that they both went through a four-week program and are now certified Economic Development Finance Professionals. Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LEDC meeting adjourned at 9:44 a.m. Karl Dorshim r, Director of Economic Development Lansing Economic Area Partnership (LEAP) 3 Lansing Economic Development Corporation Board of Director's Meeting Minutes Wednesday, June 17, 2020 — 8:30 AM THIS MEETING WAS HELD ELECTRONICALLY* * Michigan Executive Order 2020-75(COVID-19) provides temporary authorization of remote participation in public meetings and hearings. Members Present: Calvin Jones, Thomas Donaldson, Blake Johnson, Brian McGrain, Shelley Davis -Boyd, Andrea Binoniemi Members Absent: Kimberly Coleman, James Butler III, Frederick Schiable Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Rachel Mcllvaine, Hannah Bryant Guests: Jennifer Abood Morris, Andi Crawford Call to Order Chair Jones welcomed everyone and called the LEDC Board of Directors meetingto order at 8:36 am. Approval of LEDC Board Meeting Minutes — Friday, May 15, 2020 MOTION: Johnson moved to approve the LEDC meeting minutes from the Friday, May 15 LEDC Board of Director's meeting, as presented. Motion seconded by Binoniemi. YEAS: Unanimous. Motion Carried. Lansing Small Business Recovery Program Update on LSBRP Rescue Fund Mcllvaine provided an update on the COVID-19 Rescue Fund and the first stage of the Lansing Small Business Recovery Program. CDBG Rescue Fund Program Klein provided an update on the upcoming programming of the LSBRP, including partnering with the City to utilize CDBG funding and partnering with LEAP on their One and All inclusive entrepreneurship program for women, minorities, veterans, and entrepreneurs below the ALICE threshold. Through these programs, the LEDC will focus on supporting more businesses in the City of Lansing. MEDC Match on Main COVID-19 Response Program Bryant provided an update that the LEDC sought Match on Main funding on behalf of the Corridor Improvement Authorities, but the application was not awarded funds. However, Downtown Lansing Inc also applied and their application was awarded. The LEDC will continue to seek outside funding for small business support. Jones asked how businesses are doing that were awarded, and Mcllvaine shared that many awardees were previously closed due to the pandemic and are now beginning to open. Klein stated that he will be surveying the businesses to better understand how they are doing and what additional needs may be. Update on Financials Budget Update — Current Projected Dorshimer requested that this item be moved to later in the meeting, no objections. Approval of 2020/2021 Contract between the LEDC and LEAP (Action) Dorshimer walked through the contract between the LEDC and LEAP including individual items covered in the scope of work. The LSBRP was added to the scope of work. He explained that there is no contract with the City of Lansing this year, but the City Attorney was involved in the LEDC/LEAP contract drafting process. Binoniemi asked if the City of Lansing is supportive of this contract, and Dorshimer and McGrain confirmed that the City is supportive and spoke about the unique relationship between the LEDC, the City of Lansing, and LEAP. Donaldson asked about the fund balance and expressed concern with the sustainability of the LEDC funding the contract in coming years after this year. Abood Morris and Dorshimer explained that the funds exist to cover the contract in the short term but this year will need to look for ways to replenish the fund balances and prepare for the future. MOTION: Johnson moved to approve the contract between the LEDC and LEAP as presented. Motion seconded by Donaldson. YEAS: Unanimous. Motion carried. Approval of Economic Recovery Resource Developer Funding Support (Action) Dorshimer and Klein introduced Crawford to explain the proposal to hire for one-year a person to conduct fundraising and grant writing for the City of Lansing. Klein explained that this position represents a partnership with the city in community response and would allow strategic collaboration to go after funding opportunities. Crawford introduced the proposal for the Resource Developer, which would solely focus on raising funds for the City of Lansing and partner organizations in response to COVID-19. She stated there is a lot of funding available and the city needs a dedicated person to seek and apply for those funds. The city would house and manage this employee, who would provide frequent reports to both the City and the LEDC Board. This proposal does not approve the contract for the position but sets aside funding and allows contract negotiation to move forward. The return on investment for this position would be both the economic growth from funds awarded as well as a stronger partnership with the City of Lansing and the community. Dorshimer stated the contract between the City and LEDC for this position would be negotiated and brought back to the LEDC Board for their approval. MOTION: Binoniemi moved to approve funding for the Economic Recovery Resource Developer position. Motion seconded by Boyd. YEAS: Unanimous. Motion carried. Update on Financials Budget Update — Current Projected Dorshimer walked through the LEDC budget for FY 2020/2021. Approval of FY2020/2021 Budget (Action) MOTION: Binoniemi moved to approve the FY 2020/2021 budget. Motion seconded by Boyd. YEAS: Unanimous. Motion carried. Project Updates Dorshimer provided updates on current projects. The bonds for the Red Cedar Development 2 closed last week. Temple Club and Allen Place are going to the MSF Board next week for approval of MEDC incentives. Bryant provided a brief update on the Fagade Improvement Program. Funding for the program was not renewed by the City of FY 2020/2021, so the remaining funding that is left over from FY 2019/2020 will be used for this fiscal year. Funding for current projects in the pipeline was delayed due to construction stopping during COVID-19. Currently there are 10 approved projects accounting for $79,000 of the budget that leverage $126,000 in private investment. Open Forum for LEDC Board Members No other business. Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LEDC meeting adjourned at 9:40 a.m. r Karl Dorshimer, Director of Economic Development Lansing Economic Area Partnership (LEAP) W Lansing Economic Development Corporation Board of Director's Meeting Minutes Wednesday, July 15, 2020 — 8:30 AM THIS MEETING WAS HELD ELECTRONICALLY* * Michigan Executive Order 2020-129 (COVID-19) provides temporary authorization of remote participation in public meetings and hearings. Members Present: Calvin Jones, Thomas Donaldson, Brian McGrain, Shelley Davis -Boyd, Andrea Binoniemi, Frederick Schaible Members Absent: Kimberly Coleman, Blake Johnson, James Butler III, Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Hannah Bryant Guests: Jennifer Abood Morris Call to Order / Rollcall / Meeting Process Chair Jones welcomed everyone and called the LEDC Board of Directors meetingto order at 8:31 am. Klein took roll call and went through the meeting process. Approval of LEDC Board Meeting Minutes — Wednesday June 17, 2020 MOTION: McGrain moved to approve the LEDC meeting minutes from the Wednesday, June 17 LEDC Board of Director's meeting, as presented. Motion seconded by Binoniemi. YEAS: Unanimous. Motion Carried. Update on Financials Jennifer Abood Morris provided an update on the finances and explained the COVID-19 rescue funds for the last 12 awards took place after May 31s' so it is not shown in the meeting packet. Additionally, she added that all loans are up to date and the city of Lansing will provide a further update once the tax capture is available. Donaldson asked about the BWL loan and Dorshimer stated the loan was for the Ottawa power station that involved an EPA grant. Lansing Small Business Recovery Program Updates Rescue Fund Klein gave an update on the Rescue funds and that all funds have been dispersed. There were 46 awards, 34 were $10,000 and 12 were at $5,000. Klein provided an update on the demographics of those that were awarded. Additionally, Klein sent out a survey to all the awardees and provided some data on the results from the dozen that were returned. He shared that most of the awardees have spent more than half of their grant funds and majority of the awards were spent on rent and mortgage. There was a lot of comments from the survey that were thanking the LEDC and the city. Full grant reporting will be at the end of October, so we will be able to present more details at the November or December meeting. Chair Jones provided an updated that he and the Mayor are working on visiting the businesses that were awarded grants. Economic Recovery Resource Developer Klein gave an overview of the status of this position which was discussed at the previous meeting with Andi Crawford from the City. Klein explained this position is a collaboration with the city and the LEDC to help build capacity to seek funding due to the fact there are so many programs out there and more on the way. By having this position, it will be a unified vision on recovery while making sure there is equity within the process. This position aligns with LEDC mission in improving business, retaining jobs, expansion, etc. and this funding will be used to help grow the economy. Klein stated that this will be discussed further at the next meeting to show what the position will entail and a contract since it is housed within the city of Lansing. MSBRP — Restart Grant Program Bryant provided an overview of the recently announced Michigan Small Business Restart Program. Funding will be provided from MEDC to LEAP for our region which includes Clinton, Eaton, and Ingham Counties. Grants will be awarded to eligible small businesses and nonprofits that have been negatively impacted by COVID-19 for working capital needs. The main goal of this program is to have at least 30% of funds go to minority, women, or veteran owned businesses. There is a total of $5,270,000 that will be awarded LEAP and be broken down by micro businesses, nonprofits, and for traditional businesses. The application period will open July 15'h and will close on August 5'h. Bryant shared that she would forward on the information to all of the LEDC board members. Facade Review Committee Participation Bryant gave an update on the fagade improvement program and the process for the program. Bryant is requesting several members to volunteer to be part of the committee, which provides their recommendation on applications. David -Boyd, Binoniemi, and Schaible volunteered to serve on the Fagade Review Committee. Project Update Dorshimer walked through project update list. Donaldson had a question on the Ionia Street project, Klein stated he will provide a more detailed update next meeting. Chair Jones requested if it was possible to do more tours of the projects, for example, Red Cedar. Dorshimer said he will investigate some possible tours but will dependent on the COVID-19 situation. Open Forum for LEDC Board Members No other business. Other Business None was provided. Public Comment None was provided. 2 Adjournment There being no further business, Chair Jones declared the LEDC Board of Director's meeting adjourned at 9:20 a.m. Karl Dorshimer, Director of Economic Development Lansing Economic Area Partnership (LEAP) 3 Lansing Economic Development Corporation Board of Director's Meeting Minutes Friday, August 7, 2020 — 8:30 AM THIS MEETING WAS HELD ELECTRONICALLY* * Michigan Executive Order 2020-154 (COVID-19) provides temporary authorization of remote participation in public meetings and hearings. Members Present: Calvin Jones, Thomas Donaldson, Brian McGrain, Shelley Davis -Boyd, Andrea Binoniemi, Kimberly Coleman, Blake Johnson Members Absent: James Butler III, Frederick Schaible Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Hannah Bryant, Rachel Mcllvaine Guests: Andi Crawford (City of Lansing) Call to Order ! Rollcall / Meeting Process Chair Jones welcomed everyone and called the LEDC Board of Directors meetingto order at 8:35 a.m. Klein took roll call and went through the meeting process. Approval of LEDC Board Meeting Minutes — Wednesday July 15, 2020 MOTION: McGrain moved to approve the LEDC meeting minutes from the Wednesday, July 15, LEDC Board of Director's meeting, as presented. Motion seconded by Coleman. YEAS: Unanimous. Motion Carried. Update on Financials Dorshimer presented on the financials from July 2019 to the end of June 2020. Noted the $400,000 that went towards the rescue funds and that is why there is a slight decrease compared to last year. Presented as a draft for now and once the audit is completed there will be an approval. Lansing Small Business Recovery Program Updates MSBRP — Restart Grant Program Mcllvaine provided an overview of the Restart Program for the tri -county region. Noted that 30% must go to underrepresented populations (minority, women, and veteran). The application closed on Wednesday and the LEAP team worked with Lansing businesses to help with applications. LEAP will be putting out the press release with more information and will forward on to the LEDC board members. Donaldson asked if LEAP was satisfied with the responses and did we get good representation from Lansing businesses, Mcllvaine shared that she is still digging into the data but LEAP did a great job marketing to have a diverse pool of applicants. Johnson asked about the maximum grant levels and Mcllvaine stated it depended on the size and type of the business but could be $20,000 or $10,000. Rescue Fund Klein shared that LEDC sent signs out and requested survey and received some back. The Mayor and Chair Jones have been able to visit grant awardees. CDBG Small Business Program Dorshimer provided a brief background on the program and the funding. Klein stated the LEAP staff is working on the work plan and that there is $600,000 available to help businesses in Lansing. He said he hoped to be able to show a work plan to the LEDC board soon. Chair Jones asked what CDBG meant and McGrain responded it stood for Community Development Block Grants. He said the city receives these funds on an annual basis to help low and moderate income individuals. One & All Proaram Update Bryant gave an overview on this program, which is focused on small businesses and entrepreneurs looking to pivot and grow their business. It prioritizes underrepresented business owners in Clinton, Eaton, Ingham and Shiawassee counties. 20 applicants for the first cohort will start their 2 -month program soon. There will be about 6 cohorts over the next 2 years with about 20 applicants at a time and it is a rolling application process. Contract with City of Lansing: Economic Recovery Resource Developer (Action) Klein provided a background on the Economic Recovery Resource Developer position. He said the city wanted to hire a person to seek and coordinate funding opportunities to support economic and community development in the City. Andi Crawford from the city was introduced and presented the request for proposals (RFP) associated with the ERRD efforts. Crawford went through the RFP and explained that a Harvard University Fellow helped develop the proposal. She stated the main goal of the position is to make sure we have all the resources in one place and understand all the potential funding that is available for the city. The ERRD position would serve the city of Lansing and gain funds for the city. Crawford said those people that have been impacted the most by COVID-19 would be helped the most. She also said that performance metrics will be established to measure the success of the ERRD position. Davis -Boyd asked if they were considering firms and individuals, Andi responded that we know that firms might apply but there must be one person that will be spending 90% of their time on this program and for 12 months. MOTION: Boyd moved to approve the contract with the city of Lansing for the Economic Recovery Resource Developer position, as presented. Motion seconded by Coleman. Roll call was taken and was approved on an 6-0-1 vote. Board Member McGrain recused himself from this item due to a conflict of interest with his office. YEAS: Jones; Donaldson; Johnson; Coleman; Boyd; Binoniemi NAYS: none. ABSTAIN: McGrain ABSENT: Butler; Schaible McGrain stated how great Andi Crawford did on the creating the proposal and we will get a great person in this position and thanked Andi on her hard work. Crawford thanked everyone and appreciate the team effort and stated it will be a great lift for our recovery. 2 Project Updates Dorshimer walked through project update list. Dorshimer shared that the Gillespie project - Meijer and Apartments will open this October and still on schedule. Klein expressed that the Plaza where 517 coffee is located is working on the town square and is moving forward with their project. McGrain said he will check on the former temple club building to see if there are any updates and will provide to the board members at the next meeting. Klein said that the 515 Ionia - brownfield, mixed-use redevelopment project is waiting on their final occupancy certificates. He said for the store fronts there is a personal care center for one tenant and another potential tenant that will take two storefronts. Klein stated this means 3 out of 4 store fronts potentially will be occupied and there will be an open house in the near future. Chair Jones said he wanted to make sure that our LEDC signs were up in all of the LEDC projects. Open Forum for LEDC Board Members Donaldson asked about the construction taking place at the corner of S. Washington Sq and St Joe. Dorshimer replied that it was the new location for the Lake Trust branch that was moving out of their former location one block north of the new location. Chair Jones shared that electronic meetings will be continued through the executive orders and might be till the end of 2020 and meetings will convene on Fridays now that the city is back on their schedule. Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LEDC Board of Director's meeting adjourned at 9:25 a.m. Karl Doorshimer, Director of Economic Development Lansing Economic Area Partnership (LEAP) Board of Directors Meeting Friday, September 11, 2020 — 8:30 AM THIS MEETING WAS HELD ELECTRONICAL* Michigan Executive Order 2020-154 (COVID-19) provides temporary authorization of remote participation in public meetings and hearings. Members Present: Calvin Jones, Thomas Donaldson, Brian McGrain, Kimberly Coleman, Blake Johnson, Frederick Schaible (8:57) Members Absent: Shelley Davis -Boyd, Andrea Binoniemi Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Hannah Bryant, Rachel Mcllvaine Guests: Jon Hartzell (DRD) Kirstie Hardy (DRD) Brian Lefler (Baird) Jake Brower, City of Lansing Adam Lansdell Wymon Curry (city of Lansing) Gregory Venker Call to Order Chair Jones welcomed everyone and called the LEDC Board of Directors meeting to order at 9:20 am Approval of LEDC Board Meeting Minutes — Friday, August 711, 2020 MOTION: McGrain moved to approve the LEDC meeting minutes from the Friday, August 7, 2020, LEDC Board of Director's meeting, as presented. Motion seconded by Schaible. Klein took a roll call vote, record as: Jones— yea Donaldson- yea Johnson —yea Coleman — yea McGrain — yea Schaible — yea YEAS: Unanimous. Motion Carried. Update on Financials Dorshimer shared that financials are in the packet and pointed out some key numbers, such as things that are not yet reflected in the budget are the $300,000 from the LEDC for the contract between the LEDC and LEAP and the $100,000 the LEDC is providing as funding for the ERRD joint position with the city of Lansing. Lansing Small Business Recovery Program Updates MSBRP — Restart Grant Program Bryant provided on overview of the of the statewide Michigan Small Business Restart Program grant application, which closed on August 5th. LEAP received approximately 1600 eligible applications for small businesses and nonprofits across Clinton, Eaton, and Ingham county which are all currently under review. As a recap there is a total of $5.5 million available and a minimum of 30% of the regional funds will be awarded to minority, women, and veteran -owned businesses. Of the applications received, 65 percent of applications were submitted by underrepresented business owners, 36% minority, 46% women and 5% veteran -owned businesses. Additionally, 67 percent of applications fall within the microbusiness grant category (1-9 paid employees/workers), 22 percent in the traditional small business. category (10-50 paid employees/workers) and 11 percent nonprofits with fewer than 50 employees/workers. The regional distribution of applications closely mirrors distribution of private business across the region with 9 percent from Clinton county, 17 percent from Eaton county and 74 percent from Ingham county. The timeline for announcements is anticipated to take place the 21 s' of September and the board will be kept up to date regarding the announcement. Rescue Fund — Site Visits Chair Jones shared that him and the Mayor have been visiting with owners and been seeing in person how dollars have been contributing to the businesses, so far, they have visited, Ozone, Peanut Shop, and the Avenue. They will continue to visit businesses that were awarded dollars. He shared that owners really need this support. Donaldson is thankful that the Mayor and Calvin are doing that and echoes what Chair Jones has shared regarding how vital it is to support these businesses. CDBG Small Business Program Mcllvaine provided an update on the next step in the recovery program for small business. Continue to work with Brian McGrain team and neighborhoods to help the recovery of businesses. The main goal for this program will be low- and moderate -income individuals. Due to the strict HUD requirements, we are still in the process of working on the work plan and to meet the city goals. Soon as it is ready to present to the LEDC board. Chair Jones asked who is helping with the goals and priorities of the plan, Mcllvaine stated that we are working with the city to understand those priorities. One & All Program Update Bryant provided an update on the LEAP initiative, the One and All Program, which started the first cohort on August 26th. This program is for underserved entrepreneurs and small businesses across Eaton, Clinton, Ingham, and Shiawassee county. This program is a 2 -month long program which consists of immersive business and communication training, coaching and mentoring, access to an professional, and a $2,5000 seed investment once the program is completed. Requesting the board member to continue to spread the message about this program and there will be 5 more cohorts where the applications are accepted on a rolling basis, the next one is scheduled for January 271h to March 261h, and the application deadline will be beginning of November. Discussion of Lansing Shuffleboard and Social Club, LLC (LSSC) Project Klein shared an overview of the Lansing Shuffle and Social club project and the recent press release the mayor sent out on Tuesday. Developers are here today to present on the project, and Klein introduced the Detroit Rising Development team, John Hartzell, the director of development, Kirstie Hardy, and Rick Stanza. Kirstie expressed their excitement on branching out of Detroit to Lansing. Biggest project to date is Detroit Shipping Company, which is a food hub and is made from shipping containers, this space includes a bar, stage, art gallery, a mix of outdoor and indoor space and opened in 2018. The City Market inspiration will include unique food vendors, entertainment spaces, and a shuffle boards, which will help draw more customers to the space. They shared they are still working on the final site plans and will be building out a second floor. There will be 15,000 square feet of usable space to house different components, which will include an art gallery, stage, bar, and shuffle boards, which be estimated at $3 million dollars. DRD shared that they look for any gaps in the community as a whole and look to fill those gaps with this project, but they are excited to see the momentum in Lansing and near this location. Member Donaldson shared that he is Very excited about this project and appreciates their work on this, but he had some clarifications on the food vendors and how they find them and how it works for the location. Hartzell expressed that for the Detroit development, they have 6 month leases and they look for vendors who have some experience and are chef driven. Member Schaible shares the same excited but had questions on the construction timeline and how their other projects have been impacted COVID. Hartzell answered that the Detroit Shipping co was closed all of March, April, and May but did receive several grants/loans to support the tenants. In June and the rest of summer they tested curbside but are back to fully operations and more recently have been increasing week after week. Hartzell expressed that there have been really great talks with investors and the construction will depend on the phases but as a reality is looking at completion of Spring 2022. Member McGrain wanted to thank everyone and is excited to bring this diverse and authentic project forward to the city. He especially wanted to thank Kris, Karl, and Greg, and the entire DRD team on working on this project. Chair Jones expressed the same and is proud and pleased for this project coming to the Lansing downtown community. Project Area and Plan for LSSC Project (Action) Klein stated that a lot of collaboration and work will is needed to be done, but everyone is motivated to move this forward. A few options have been put together to help revitalize this area, currently this site is an empty shell. There will be a few requests, such as a loan request and utilization for an adjacent brownfield plan to improve this building which is owned by the city. Additional items will be coming to the board for approval later. Klein provided an overview of what needed to be approved today by the board and walkthrough of the project area and workplan that will need to be considered by the board and Lansing city council prior to a loan request that will come to the board. Member Schaible asked for clarification on the area and plan and Klein stated that no approval on the loan is necessary for now, only the work area and plan for this project. Additionally, Schaible asked about the use of a brownfield for this project, Klein stated that since this is an adjacent property that LBRF funding is available for public improvements, similar as it was used for Rotary Park. Kline stated it will be important to assist with turning the shell into an economically viable building, but more information will be presented to the board when the request has been in full. MOTION: Schaible moved to approve the Lansing Shuffleboard and Social Club, LLC project area and Plan, as presented. Motion seconded by Coleman. Klein took a roll call vote, record as: Jones— yea Donaldson — yea Coleman — yea McGrain — yea Schaible - yea YEAS: Unanimous. Motion Carried. Project Updates Dorshimer walked through the project update list. Klein shared updates on the town square located at the West Holmes Plaza and Beacon Park updates. Dorshimer stated that the first tenant for the Louie building plan to move in during October, and the landlord is working on several other tenants from outside the city and region for new jobs in the city. Klein provided an update on Temple building, which there are no final dates, and they are still working on the bidding process, especially since construction cost have went up. Chair Jones provided an update that he went with the Mayor to walk through the Red Cedar project and they are open to give any member tours. Chair Jones requested that we work on getting photos of these projects to show to the board. Dorshimer stated that we are working on a better LEDC website which will include more photos and showing off more projects that the LEDC participates in. Scheduling of Board Training Sessions Bryant shared that we sent out a doodle poll via the agenda packet email and only received two members availability. LEAP staff was looking for the best date for the majority of the members for about 2 hours to do a walkthrough of what is the TIFA, another overview of the Brownfields, and a run through of the corridor improvements authorities. Bryant requested feedback and thoughts from the board regarding scheduling and topics for this requested training. Chair Jones, member Coleman, McGrain, Schaible, and Donaldson expressed that the October 13th date works for them. Bryant will reach out to members regarding this date and will send out the doodle poll again. Open Forum for LEDC Board Members None was provided. Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LEDC Board of Director's meeting adjourned at 10:12 pm. Karl D'orshimer, Director of Economic Development Lansing Economic Area Partnership (LEAP) Lansing Economic Development Corp. (LEDC) Board of Directors Meeting Friday, November 6, 2020 — 8:30 AM THIS MEETING WAS HELD ELECTRONICALLY* Access the meeting via: https:llus02web.zoom.us/j/82782259016 ID 827 8225 9016; Dial In (301) 715-8592 *See attached Public Participation Notes. Members Present: Calvin Jones (Lansing, MI), Thomas Donaldson (Lansing, MI), Brian McGrain (Lansing , MI), Blake Johnson (East Lansing, MI), Frederick Schaible (Lansing, MI), Andrea Binoniemi (East Lansing, MI) Members Absent: Kimberly Coleman, Shelley Davis -Boyd (excused) Temp Members Present: None Staff Present: Karl Dorshimer, Kris Klein, Hannah Bryant, Rachel Mcllvaine, Jennifer Abood Morris Guests: Brian Lefler (Baird) Call to Order/ Rollcall / Meeting Process Chair Jones welcomed all and called the LEDC Board of Directors meetingto order at 8:33 a.m. Chair Jones went through the reasons the meeting was taking place virtually and the procedures for roll call. Klein took roll call and went through the meeting process which included the participation rules for board members and the public. Approval of LEDC Board Meeting Minutes — Friday, September 11, 2020 MOTION: Donaldson moved to approve the LEDC meeting minutes from the Friday, September 11, 2020, LEDC Board of Director's meeting, as presented. Motion seconded by Schaible. Klein took a roll call vote, record as: Chair Jones — yea Donaldson — yea McGrain — yea Schaible — yea Johnson —yea Binoniemi — yea YEAS: Unanimous. Motion Carried. Update on Financials Jennifer Abood Morris provided an update on the financials. She stated the account receivable listed in the financials for $17,000 was paid by Phoenix Limited Partnership Limited regarding the 1 LEDC Bond to finance the AF Group parking ramp. She also said the LEDC audit was scheduled by the Rehman Group to be conducted on the week of November 16. Lansing Small Business Recovery Program Updates MSBRP — Restart Grant Program Rachel Mcllvaine provided an overview of the regional Restart Grant Program which was a great success. Calvin Jones and Brian McGrain commented that they had visited several of the Rescue and Restart Grant Program grantees and the businesses were thankful for the grant funding. Chair Jones asked that the handout LSBRP summary be sent to City Council members. One & All Program Update Bryant provided an update on the LEAP initiative, the One and All Program, which started the first cohort on August 261h. This program is for underserved entrepreneurs and small businesses across Eaton, Clinton, Ingham, and Shiawassee county. A graduation was held on October 22nd to celebrate the first cohort where Chair Jones was able to speak and congratulate the 17 entrepreneurs that graduated after an extensive 2 -month long program which consists of immersive business and communication training, coaching and mentoring, access to an professional, and a $2,500 seed investment once the program is completed. Bryant provided a brief presentation showing the participants, a breakdown of their demographics, and current mentors of the program. Bryant asked the board to continue to tell entrepreneurs to apply to the program since it is on a rolling basis. Additionally, Bryant asked the board to consider being a mentor to the program and/or ask people that they might know. She shared the expectations include working one on one with a participant during the 2 -month period but would also continue to support their entrepreneurs even after the program to see their progress. Review is underway for the 2nd cohort and starts at the end of January. CDBG-CV Small Business Economic Development Program (Action) Klein provided a walkthrough of this proposed program. Resolution Approving CDBG-CV Program & Sub -Recipient Agreement Mcllvaine walked through the steps of the program and the timeline. Klein explained that the funds would be going to the LEDC, and the two largest components are the loans itself and the funds for the Technical Assistance. Klein stated that agreement contains boilerplate CDBG language regarding homelessness and housing which does not apply to the prosed program. Schaible — asked if applicants might have difficulties applying for the program due to the number of steps required. Klein stated that is where the technical assistance will be provided to assist them with the application. Schaible asked regarding the amount of LEAP staff time need for this program and if there is enough, Dorshimer stated yes they had budgeted time for this and they also expected the technical assistance provider to carry a lot of the load. Additionally, Schaible asked about if it the program needed approval from the council, Klein stated 2 it was previously approved by council and does not believe additional approvals were necessary. McGrain shared his thanks to the LEAP staff and shared the struggles staff have had creating a new program that also complies with all of the CDBG regulations and rules. Abood Morris shared the program would need an additional audit that was separate from the LEDC's audit. Donaldson — asked about who is providing the Technical Assistance, Klein the work will be bid out and procured as required by the CDBG regs. Donaldson shared that for folks that do not obtain funds from this program could to reach out to SBDC where they have CARE funds available to help with e-commerce, website, accounts, etc. The SBDC does not award funding but can provide services to applicants. Dorshimer added that LEAP staff will need appreciate other agencies wiliness to help. MOTION: Schaible moved to approve CDBG-CV Program & Sub -Recipient Agreement, as presented. Motion seconded by Andrea Binoniemi. Brian McGrain — Shared would be abstaining to avoid any perceived conflict. Klein took a roll call vote, record as: Chair Jones — yea Donaldson — yea McGrain — abstain Schaible — yea Binoniemi - yea Johnson — was temporarily absent during the vote YEAS: 4 Nay: 0 Abstain: 1 Motion Carried. Resolution Amending 2020/2021 LEDC Budget for CDBG-CV Program MOTION: Donaldson moved to approve the amendment to the 2020/2021 LEDC Budget for the CDBG-CV Program, as presented. Motion seconded by Schaible. Klein took a roll call vote, record as: Chair Jones — yea Donaldson — yea McGrain — abstain Schaible — yea Binoniemi - yea Johnson — yea 3 YEAS: 5 YEAS 1 ABSTAIN Motion Carried. Amendment to Fagade Improvement Agreement with City (Action) Bryant provided a summary of the current program status, where there is currently about $40,000 left in the fagade in program to be awarded. Bryant said the current contract between the LEDC and the city ended expired on 1s' of October. This new amendment was necessary to extend the contract between the LEDC and the city, to June 30'" 2021. Schaible added that he appreciates being part of the fagade program and would like to discuss if additional funding could be found for this program. MOTION: Schaible moved to approve the amendment to the Fagade Improvement Program Agreement, as presented. Motion seconded by Donaldson. Klein took a roll call vote, record as: Chair Jones — yea Donaldson — yea McGrain — yea Schaible — yea Binoniemi - yea Johnson — yea YEAS: Unanimous. Motion Carried. Project Updates Dorshimer presented a brief update on current LEDC and LBRA development projects in the City. He also indicated the Red Cedar Developers would be at the December board meeting to give an update on Red Cedar project. Lansinq Shuffleboard and Social Club, LLC (LSSC) Klein provided an update and shared that the project keeps moving forward and full presentation on Monday regarding this project at Council. Board Training Bryant provided an update and a summary from the recent board member training which included a presentation on the Corridor Improvement Authorities and the TIFA. Bryant asked what board members thought about the training and other opportunities to present to the Board. Chair Jones expressed starting in the new year would be ideal and if there are new members, they should go through similar training. Dorshimer provided that if any members at have questions to contact LEAP staff to set up one on one training. Member Donaldson shared that he attended the training and thought it was very helpful and encourages other to attend. Open Forum for LEDC Board Members N Chair Jones asked for an update on the City's efforts to hire an Economic Recovery Resource Developer. McGrain provided the RFP process was unsatisfactory so his staff has reached out directly to consulting firms and obtained a couple proposals. He said they were doing their due diligence and he expected to be able to give an update at the December LEDC board meeting. Other Business None was provided. Public Comment None was provided. Adjournment There being no further business, Chair Jones declared the LEDC Board of Director's meeting adjourned at 9:52 a.m. Karl Dorshirner, Director of Economic Development Lansing Economic Area Partnership (LEAP) Lansing Economic Development Corp. (LEDC) Board of Directors Meeting Friday, December 18, 2020 — 8:30 AM THIS MEETING WAS HELD ELECTRONICALLY* Access the meeting via: https://us02web.zoom.us/i/88511609359 *See attached Public Participation Notes. Members Present: Calvin Jones (Lansing, MI), Thomas Donaldson (Lansing, MI), Brian McGrain (Lansing, MI), Blake Johnson (Grand Ledge, MI), Andrea Binoniemi (East Lansing, MI), Shelley Davis -Boyd (East Lansing, MI) Temporary Members: Julian Darden (Lansing, MI), Robert Widigan (Lansing, MI) Members Absent: Kimberly Coleman, Frederick Schaible (excused) Staff Present: Karl Dorshimer, Kris Klein, Hannah Bryant, Rachel Mcllvaine, Jennifer Abood Morris Guests: Jamie LaDronka Call to Order Chair Jones welcomed all and called the LEDC Board of Directors meetingto order at 9:25am. Approval of LEDC Board Meeting Minutes — Friday, November 6, 2020 MOTION: McGrain moved to approve the LEDC meeting minutes from the Friday, November 6, 2020, LEDC Board of Director's meeting, as presented. Motion seconded by Donaldson. Klein took a roll call vote, record as: Chair Jones — yea Donaldson — yea McGrain — yea Johnson —yea Binoniemi — yea David -Boyd — yea YEAS: Unanimous. Motion Carried. Update on Financials Jennifer Abood Morris provided an update on the financials and stated everything appears accurate and sound. She highlighted that the interest income is low due to the current economy. She stated the LEDC audit went well, and a presentation will be provided at an upcoming LEDC Board meeting. Lansing Small Business Recovery Program Updates Pure Michigan Small Business Relief Initiative Grants Mcllvaine provided an overview of the MEDC initiative grant that opened and closed on December 15'h which was focused on hospitality businesses throughout the state of Michigan. CDBG Small Business Assistance Program — CDBG Loan Committee Mcllvaine walked through the current process of the CDBG program and stated the Request for Qualifications and Proposal (RFQP) for Technical Assistance to For -Profit Small Businesses is now open. All board members were invited to the CDBG meeting in January to walk through the program for our community organization partners. Mcllvaine shared LEAP staff is dependent on our partners to get the word out so she thanked members ahead of time for this. Chair Jones provided an overview of the Lansing Cares Program loan committee, where 3 LEDC board members will serve on it, with an additional of 2 business organization leaders. Member Johnson and Member Davis - Boyd volunteered to be a part of this committee. One & All Program Update Bryant provided a quick update on the LEAP initiative, the One&AII Program and reported the second cohort has been selected and they will start the program at the end of January. An official press release will out go out in the beginning of January. Bryant shared that there has been a lot of city of Lansing entrepreneurs that have participated in the first cohort and now the second cohort appears to be very similar to the first. Additionally, she shared the One&AII program is still looking for mentors to help, and an email for this request has been sent out to board members. Rescue Fund Reporting Update Klein walked the board through the status of the rescue fund awardees and that 36 businesses have submitted their reports. Klein provided an update on the overall feedback from the businesses that they provide with their individual reports. Economic Recovery Resource Developer Update Member McGrain provided a status update of this position and that a consultant was selected for this position. He said he expected the consultant to be a the next LEDC Board meeting. Lansing Shuffleboard and Social Club, LLC BFAP Loan (Action) Klein reviewed the recent approval process for the Lansing Shuffleboard and Social Club. Member Johnson provided that the loan committee had meet to discuss the loan application and recommends approval of the loan to the developers. Klein then walked board members through the loan terms and the next steps that would need to be taken to close on an make the loan. MOTION: Donaldson moved to approve BFAP Loan for the Lansing Shuffleboard and Social Club, as presented. Motion seconded by Davis -Boyd. Klein provided an overview of who is part of the loan committee which consists of Chair Jones, member Johnson, Julian Darden, Robert Widigan, and as staff Dorshimer, Klein and Jennifer Abood Morris. Klein took a roll call vote, record as: 2 Chair Jones — yea Donaldson — yea McGrain — yea Johnson —yea Binoniemi — yea David -Boyd — yea Widigan — yea Darden - yea YEAS: Unanimous. Motion Carried. 517 Coffee Company Update of Loan Terms (Action) Klein shared an update on the 517 Coffee Company which had previously received a loan from the LEDC. The Loan Committee recommended to offer an option for interest only payments for up to 9 months, with terms that must be met by the borrower. Due to conflict Member Johnson stated that he will abstain from this vote. MOTION: Binoniemi moved to approve the updated loan terms for 517 Coffee Company, as presented. Motion seconded by Davis -Boyd. Klein took a roll call vote, record as: Chair Jones — yea Donaldson — yea McGrain — yea Johnson — abstain Binoniemi — yea David -Boyd — yea 5 yea — 0 nays - 1 abstain. Motion Carried. Selection of Chair and Members of 2021 LEDC Board Election Committee Chair Jones outlined the process for elections that takes place each year at the annual meeting and proposed that an election committee should be created, Chair Jones opened it to the board for volunteers, no members volunteered. Calvin stated he would follow up one on one with board members to make the proper preparations for the election to be held at the next LEDC Board meeting. Project Updates Dorshimer provided an update on current project status. He stated that even though we were still in the middle of an unprecedented pandemic many project continued with construction and his outlook for 2021 was cautiously optimistic. Open Forum for LEDC Board Members Chair Jones provided a second introduction of soon to be board member Tom Muth, and Mr. Muth provided an introduction of himself to the board. He shared that he is excited to work with the board. McGrain welcomed Tom Muth to the board and thanked the board and staff for all their hard work that took place over the year. Other Business Chair Jones provided a reminder the annual meeting will be January 15'h, 2021 at 8:30am Public Comment Jamie LaDronka wished to provide an update to the board for 517 Coffee and thanked the board for the consideration. He shared that the Pleasant Grove Plaza location, unfortunately did not work out and was sad having to move away from that site. He said LEAP staff had introduced him to Jeffrey Johnson of Bake n' Cakes and as a result they were able to move from the Bean Building into Bake n' Cake's former location on S.MLK. He shared that a soft launch would start in the next couple weeks in January. Adjournment There being no further business, Chair Jones declared the LEDC Board of Director's meeting adjourned at 10:07 a.m. �L/ --(/ � Karl orshimer, Director of Economic Development Lansing Economic Area Partnership (LEAP) I