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HomeMy WebLinkAbout2007 LBRA minutese Smith - LBRA Meeting utes 02-07-07.doc.doc Lansing Brownfield Redevelopment Authority n, y I F ` L u Regular Board of Director's Meeting Minutes Lansing Economic Development Corporation Confergnce',R6b3ri; _Fr Wednesday, February 7, 2007 5.45 p.m. Members Present: James Butler, Kim Coleman, William Cook, Bo Garcia, Brian Jeffries, Bob Johnson, Kelly Rossman, Jeff Williams Members Absent: Mayor Virg Bernero Temporary EDC Members Present: Jan Hayhow Staff Present: Brian Anderson, Karl Dorshimer, Marchelle Smith, Ken Szymusiak, Bob Trezise, Kara Wood Guests Present: Nate Balderman, Rehman Robson, Tom Korkoske, City of Lansing Finance Department Call to Order Chair Jeff Williams called the meeting to order at 6:10 p.m. Election of Officers for 2007 Kim Coleman was nominated for Chair, Bo Garcia was nominated for Vice Chair, James Butler was nominated for Treasurer and Kelly Rossman was nominated for Secretary. Motion: James Butler motioned the Board to approve the election of officers and place them on file. Bo Garcia seconded the motion. Yeas: Unanimous. Motion carried. Approval of Meeting Minutes from December 6, 2006 Regular Board of Director's Meeting Motion: James Butler motioned the Board to approve the meeting minutes from the December 6, 2006 regular Board of Director's meeting and place them on file. Bill Cook seconded the motion. Yeas: Unanimous. Motion carried. Annual Audit for the Year Ending June 30, 2006 Nate Balderman, Rehmann Robson, presented the annual audit. Motion: Kim Coleman motioned the Board to approve the Annual Audit for the year ending June 30, 2006 as presented and place them on file. Bo Garcia seconded the motion. Yeas: Unanimous. Motion carried. Page 1 6mith - LBRA Meeting utes 02-07-07.doc.doc Page 2 Financial Statements as of December 31, 2006 Due to the inability to download financial statements from the City's IFAS system, the financial statements were not included in the electronic board packets and were handed out at the board meeting. To allow time for review, the Board requested that this item be tabled for the next board meeting. Tom Korkoske reported that he would research to see if the statements could be downloaded. The Board also requested that budget projections be provided with the financial statements. Motion: Bo Garcia motioned the Board to table the December 31, 2006 financial statements for the next board meeting. Bill Cook seconded the motion. Yeas: Unanimous. Motion carried. Proposed By -Law Changes Due to time constraints, the proposed by-law changes have been tabled for the next board meeting. Other Business None Public Comment None Adjournment Chair Jeff Williams declared the meetini Minutes by M. Smith Lansing Brownfield Redevelopment Authority Regular Board of Director's Meeting Minutes Lansing Economic Development Corporation Conference Ao�x�_i'�' ED Wednesday, March 7, 2007 5.30 p.m. CJG7 HWiR t 6 t;� ) Members Present: Kim Coleman, William Cook, Bo Garcia, Brian Jeffries, Jeff Williams Members Absent: Mayor Virg Bernero, James Butler, Kelly Rossman Temporary EDC Members Present: None Staff Present: Brian Anderson, Karl Dorshimer, Marchelle Smith, Ken Szymusiak, Bob Trezise, Kara Wood Guests Present: Charles Spadafore, Spadafore Distributing Company Tom Korkoske, City of Lansing Finance Department Call to Order Chair Kim Coleman called the meeting to order at 5:35 p.m. Approval of Meeting Minutes from February 7, 2007 regular Board of Director's Meeting Motion: Brian Jeffries motioned the Board to approve the meeting minutes from the February 7, 2007 regular Board of Director's meeting and place them on file. Bo Garcia seconded the motion. Yeas: Unanimous. Motion carried. Approval of Brownfield Plan #31, Spadafore Distributing Company Brian Anderson presented Brownfield Plan #31 Spadafore Distributing East Michigan Avenue Brownfield project as outlined in the Briefing Memo. Charles Spadafore talked about the history of the company and the importance of the Brownfield incentive. There will be over $510,000 in private investment helping to beautify the Michigan Avenue corridor. Motion: Jeff Williams motioned the Board to approve Brownfield Plan #31 as presented and place them on file. Brian Jeffries seconded the motion. Yeas: Unanimous. Motion carried. Financial Statements as of December 31, 2006 As requested by the board at the February 7, 2007 regular board meeting, the FY 2006/2007 budget along with the financial statements as of December 31, 2006 was presented to the board. Financial Statements as of January 31, 2007 As requested by the board at the February 7, 2007 regular board meeting, the FY 2006/2007 budget along with the financial statements as of January 31, 2007 was presented to the board. Proposed By -Law Changes The proposed by-law changes have been tabled for the next board meeting. Other Business None Public Comment None Adjournment Chair Kim Coleman declared the meeting adjour4d 6:00 p.m. Minutes by M. Smith Robert L. Trezise, Jr.; ,I,$�,�A Director Lansing Brownfield Redevelopment Authority Regular Board of Director's Meeting Minutes Lansing Economic Development Corporation Conference Room Wednesday, April 4, 2007 5.00 p.m. Members Present: Mayor Virg Bernero, Kim Coleman, William Cook, Brian Jeffries, Jeff Williams Members Absent: James Butler, Bo Garcia, Kelly Rossman Temporary EDC Members Present: None Staff Present: Brian Anderson, Karl Dorshimer, Marchelle Smith, Ken Szymusiak, Kara Wood Staff Absent: Bob Trezise r Guests Present: None Call to Order W Chair Kim Coleman called the meeting to order at 4:35 p.m. ` ' -:) , Approval of Meeting Minutes from March, 2007 regular Board of Director's Meefiiig Motion: Bill Cook motioned the Board to approve the meeting minutes from the March 7, 2007 regular Board of Director's meeting and place them on file. Jeff Williams seconded the motion. Yeas: Unanimous. Motion carried. Financial Statements as of February 28, 2007 Motion: Jeff Williams motioned the Board to receive the February 28, 2007 financial statements and place them on file. Brian Jeffries seconded the motion. Yeas: Unanimous. Motion carried. Approval of By -Law Changes The proposed By -Laws have been reviewed and updated with Dickinson-Wright's comments as outlined in the draft By -Laws presented to the Board. Dickinson -Wright further noted that the City Council will need to approve the amended By -Laws upon the Board's recommendation to the Council. Jeff Williams will provide Marchelle Smith with an electronic file. Motion: Bill Cook motioned the Board to make a recommendation to City Council for approval to adopt the amended By -Laws. Jeff Williams seconded the motion. Yeas: Unanimous. Motion Other Business None Public Comment None Adjournment Chair Kim Coleman declared the meeting adjourned at 4:45 p.m. Minutes by M. Smith g' --- Karl Dorshimer, Vice President Lansing Brownfield Redevelopment Authority Regular Board of Director's Meeting Minutes Lansing Economic Development Corporation Conference Room Tuesday, June 5, 2007 7:45 a.m. ')n�_ P' �1JC•r„ j_ Members Present: James Butler, Kim Coleman, Bo Garcia, Brian Jeffries, Bob Johnson, Kelly Rossman, Jeff Williams, Greg Ward Members Absent: Mayor Virg Bernero, Bill Cook Temporary EDC Members Present: None Staff Present: Karl Dorshimer, Marchelle Smith, Bob Trezise Guests Present: Dorothy Boone, Jim Linton, Sue Pigg, Eric Schertzing, Don Walker Call to Order Chair Kim Coleman called the meeting to order at 7:45 a.m. Approval of Meeting Minutes from April 4, 2007 Regular Board of Director's Meeting Motion: James Butler motioned the Board to approve the meeting minutes from the April 4, 2007 regular Board of Director's meeting and place them on file. Greg Ward seconded the motion. Yeas: Unanimous. Motion carried. Approval of Meeting Minutes from May 2, 2007 Regular Board of Director's Meeting Motion: James Butler motioned the Board to approve the meeting minutes from the May 2, 2007 regular Board of Director's meeting and place them on file. Greg Ward seconded the motion. Yeas: Unanimous. Motion carried. Approval of Meeting Minutes from May 11, 2007 Special Board of Director's Meeting Motion: James Butler motioned the Board to approve the meeting minutes from the May 11, 2007 special Board of Director's meeting and place them on file. Greg Ward seconded the motion. Yeas: Unanimous. Motion carried. Melody Farms Project Brownfield Plan #32 Ken Szymusiak gave an overview of the Briefing Memo and introduced the project involving the former Melody Farms Building, now the new home of Elliott Food Service. Don Walker, property owner plans to demolish and rebuild the facility into a showroom. The board asked about the estimated amount of tax capture to the revolving loan fund. Ken will verify this information and respond back to the board. Motion: Jeff Williams motioned the Board to approve Brownfield Plan #32 and place them on file. Kelly Rossman seconded the motion. Yeas: Unanimous. Motion carried. Approval of Ingham County Brownfield Redevelopment Authority Brownfield Plan for the Redevelopment of Ingham County Land Bank Fast Track Authority Parcels Karl Dorshimer gave a brief overview from last month's presentation given to the Board. Currently, 89% of Ingham County Land Bank Fast Track Authority (ICLBFFA) properties are in the City of Lansing. Through ICLBFFA, the Ingham County Brownfield Redevelopment Authority (ICBRA) will clean up and redevelop over 100 mostly vacant and tax reverted residential properties in Lansing. The redevelopment plan will primarily focus on single family residential properties. However, to help jumpstart the program for housing redevelopment, there are two commercial properties on the list (Silver Dollar building and the Action Auto site). Any future commercial properties will have to be approved by the Lansing Brownfield Redevelopment Authority. Prior to Council action, a public hearing will be held on the redevelopment plan. Bob Trezise commented that there will be community concern foregoing taxes outside of Lansing. The board asked what would happen if 90% of tax capture for 20 years be given instead of 100%. Eric Shertzing stated that the plan is balanced at 100% to pay off the bond. If 90%, the bond issue is smaller, it would cost more to finance the bond and not as many homes would be built or rehabilitated. The plan allows ICBRA the ability to gain possession and clear title of tax reverted parcels quickly so that they can be rehabilitated and sold to only home owner occupants. It was requested by the Board that talking points be prepared on reasons why the Plan should be approved so that the Board can be prepared to answer questions. Motion: Kelly Rossman motioned the Board to approve the Resolution recommending approval of Ingham County Brownfield Redevelopment Authority Brownfield Plan for the redevelopment of Ingham County Land Bank Fast Track Authority Parcels. James Butler seconded the motion. Yeas: Unanimous. Motion carried. Financial Statements as of March 31, 2007 Motion: Brian Jeffries motioned the Board to receive the March 31, 2007 financial statements and place them on file. Jeff Williams seconded the motion. Yeas: Unanimous. Motion carried. Financial Statements as of April 30, 2007 Motion: Brian Jeffries motioned the Board to receive the April 30, 2007 financial statements and place them on file. Jeff Williams seconded the motion. Yeas: Unanimous. Motion carried. Other Business The board inquired about the Boys Training School. Karl Dorshimer stated that Burton Katzman has promised to bring the delinquent taxes current in July. To be proactive, the question was raised as to whether an NEZ could be implemented to help market to new home buyers. Bob Trezise indicated that the bond would have to be paid in full before that could occur. EDC staff is closely monitoring the project. The regular scheduled Board meetings have been changed from the first Wednesday of every month at 4:00 p.m. to the first Tuesday of every month at 7:45 a.m. Marchelle will change the yearly Board schedule and send everyone a copy. There will not be a regular scheduled meeting in July due to the 4th of July Holiday. Since Kim Coleman and Bob Trezise will be on vacation the week of August 6th, the regular scheduled meeting for August 7 will be changed to another date to be determined. Public Comment None Adjournment Chair Kim Coleman declared the meeting adjourned at 8:45 a.m. Minutes by M. Smith Robert L. Trezise, Jr., LBRA Director Lansing Brownfield Redevelopment Authority {' Regular Board of Director's Meeting Minutes Lansing Economic Development Corporation Conference Room; > ; Tuesday, August 7, 2007 8:30 a.m. c' i c.CD- Members Present: Mayor Bernero, James Butler, Bo Garcia, Brian Jeffries, Bol--�ohgson, Kelly Rossman, Greg Ward Members Absent: Kim Coleman, Jeff Williams Temporary EDC Members Present: None Staff Present: Karl Dorshimer, Marchelle Smith, Ken Szymusiak, Bob Trezise, Kara Wood Special Guests: Jerry Ambrose, Toivo Hinamanu, Bishop Maxwell, Kester So Public Present: Greg Foote, of Malcolm Pirnie, Mike Posniak, of Malcolm Pirnie Call to Order Vice Chair Bo Garcia called the meeting to order at 8:30 a.m. Approval of Meeting Minutes from June 5, 2007 Regular Board of Director's Meeting Motion: Greg Ward motioned the Board to approve the meeting minutes from the June 5, 2007 regular Board of Director's meeting and place them on file. Kelly Rossman seconded the motion. Yeas: Unanimous. Motion carried. Acceptance of Butler/Ottawa Street Property Bob Trezise reported that the Lansing Brownfield Redevelopment Authority's purchase of the Butler/ Ottawa Street Property is a pilot program. The sale of the property allows an opportunity for residential development and that we should be more involved with real estate. Senate Bill No. 134, signed by the Governor on July 17, 2007 allows the property to be sold to either the Lansing EDC, the City or a related City entity. The acquisition of the property would flow through the Lansing Brownfield Redevelopment Authority after the RFQ/RFP process has been completed. The payment for the property, plus costs and expenses will be made by the developer resulting in no costs absorbed by the LBRA. Staff will report on the RFQ/RFP outcome to the LBRA Board of Director's meeting and will be asked to approve the reconveyance of the property to a developer or third party. Staff will come back to the Board to ask for approval of a Brownfield Plan and for approval of the final selected developer. Bob also pointed out that there is full accountability equally to the administration and the City Council due to the fact that both the City Council and the City Mayor sit on the Board of Directors and will approve the final selection. Motion: Kelly Rossman motioned the Board to approve the Resolution for Acceptance of the Butler/Ottawa Street property as presented and place it on file. James Butler seconded the motion. Yeas: Unanimous. Motion carried. Un -adjusted and Un -audited Financial Statements as of June 30, 2007 Motion: James Butler motioned the Board to receive the June 30, 2007 unadjusted and un -audited financial statements and place them on file. Greg Ward seconded the motion. Yeas: Unanimous. Motion carried. Other Business None Public Comment None Adjournment Vice Chair Bo Garcia declared the meeting adjourned at 8:40 a.m. Minutes by M. Smith Lansing Brownfield Redevelopment Authority Regular Board of Director's Meeting Minutes Lansing Economic Development Corporation Conference Room Tuesday, September 4, 2007 8:30 a.m. Members Present: James Butler, Kim Coleman, Bo Garcia, Calvin Jones, Kelly Rossman, Greg Ward, Jeff Williams Members Absent: Mayor Bernero, Brian Jeffries, Bob Johnson Staff Present: Karl Dorshimer, Marchelle Smith, Ken Szymusiak, Bob Trezise, Special Guests: Mikki Mysak, Greater Lansing Housing Coalition Public Present: None Call to Order"- Chair Kim Coleman called the meeting to order at 9:15 a.m. =' C Approval of Meeting Minutes from August 7, 2007 Regular Board of Dire ctor's_Mea ing 72 v Motion: James Butler moved the Board to approve the meeting minutes from the August 7, 2007 regular Board of Director's meeting and place them on file. Seconded by Jeff Williams. Yeas: Unanimous. Motion carried. Abigail School for the Blind - Brownfield Plan #33 Brian Anderson gave an overview on Brownfield Plan #33 and provided a briefing summary. The plan supports a Brownfield Redevelopment Credit of $1,002,220 on the Abigail School for the Blind site. Due to the LBRA plan falling within a 4% Payment In Lieu of Taxes (PILOT), there will be no captured taxes as it will simply be used to qualify for SBT Credits. Motion: Kelly Rossman moved the Board to approve the Resolution on the Abigail School for the Blind Project Brownfield Plan #33 and place them on file. Seconded by Bo Garcia. Yeas: Unanimous. Motion carried. Library School for the Blind - Brownfield Plan #34 Brian Anderson gave an overview on Brownfield Plan 434 and provided a briefing summary. Approval is recommended for the Library School for the Blind that supports a Brownfield Redevelopment Credit of $81,849. Due to the LBRA plan falling within a property that is owned by an untaxed 501c(3) non-profit, there will be no Tax Increment Financing as it will simply be used to qualify the site for SBT Credits. Mikki Mysak of the Greater Lansing Housing Coalition reported that GLHC will sub -lease to other organizations to bring in more neighborhood groups as a one -stop -shop. This concept came from the Mayor's Housing Task Force that will help support services and staff. Motion: Jeff Williams moved the Board to approve the Resolution on the Library School for the Blind Project Brownfield Plan #34 and place them on file. Seconded by Kelly Rossman. Yeas: Unanimous. Motion carried. Financial Statements as of July 31, 2007 Bob Trezise and Marchelle Smith reported that the City of Lansing's Finance Department has been slow to provide adjustments to the June 30 year-end and July 31, 2007 financials. It is typical for the City to be 2-3 months behind in making adjustments. The Board discussed the possibility of hiring an outside firm to reconcile the monthly financial statements. Since this is the first year-end closing with the City, we will monitor the financials for the next two months to determine whether an outside firm is necessary. The July 31, 2007 financial statements were tabled for the next regular scheduled board meeting. Kim Coleman will contact Jerry Ambrose. Motion: Kelly Rossman moved that the July 31, 2007 financials be received at the next regular scheduled board meeting and place them on file. Seconded by Greg Ward. Yeas: Unanimous. Motion carried. Other Business None Public Comment None Adjournment Chair Kim Coleman declared the meeting adjourned at 9:25 a.m. Minutes by M. Smith V \li I C:�L­ Robert I.. Trezise, Jr., UW Director Lansing Brownfield Redevelopment Authority Regular Board of Director's Meeting Minutes Lansing Economic Development Corporation Conference Roorti Tuesday, September 4, 2007 8:30 a.m. Members Present: James Butler, Kim Coleman, Bo Garcia, Calvin Jones, Kelly Rossman, Greg Ward, Jeff Williams Members Absent: Mayor Bernero, Brian Jeffries, Bob Johnson Staff Present: Karl Dorshimer, Marchelle Smith, Ken Szymusiak, Bob Trezise, Special Guests: Mikki Mysak, Greater Lansing Housing Coalition Public Present: None Call to Order Chair Kim Coleman called the meeting to order at 9;15 a.m. Approval of Meeting Minutes from August 7, 2007 Regular Board of Director's Meeting Motion: James Butler moved the Board to approve the meeting minutes from the August 7, 2007 regular Board of Director's meeting and place them on file. Seconded by Jeff Williams. Yeas: Unanimous. Motion carried. Abigail School for the Blind - Brownfield.Plan #33 Brian Anderson gave an overview on Brownfield Plan #33 and provided a briefing summary. The plan supports a Brownfield Redevelopment Credit of $1,002,220 on the Abigail School for the Blind site. Due to the LBRA plan falling within a 4% Payment In Lieu of Taxes (PILOT), there will be no captured taxes as it will simply be used to qualify for SBT Credits. Motion: Kelly Rossman moved the Board to approve the Resolution on the Abigail School for the Blind Project Brownfield Plan #33 and place them on file. Seconded by Bo Garcia. Yeas: Unanimous. Motion carried. Library School for the Blind - Brownfield Plan #34 Brian Anderson gave an overview on Brownfield Plan #34 and provided a briefing summary. Approval is recommended for the Library School for the Blind that supports a Brownfield Redevelopment Credit of $81,849. Due to the LBRA plan falling within a property that is owned by an untaxed 501c(3) non-profit, there will be no Tax Increment Financing as it will simply be used to qualify the site for SBT Credits. Mikki Mysak of the Greater Lansing Housing Coalition reported that GLHC will sub -lease to other organizations to bring in more neighborhood groups as a one -stop -shop. This concept came from the Mayor's Housing Task Force that will help support services and staff. Motion: Jeff Williams moved the Board to approve the Resolution on the Library School for the Blind Project Brownfield Plan #34 and place them on file. Seconded by Kelly Rossman. Yeas: Unanimous. Motion carried. Financial Statements as of July 31, 2007 Bob Trezise and Marchelle Smith reported that the City of Lansing's Finance Department has been slow to provide adjustments to the June 30 year-end and July 31, 2007 financials. It is typical for the City to be 2-3 months behind in making adjustments. The Board discussed the possibility of hiring an outside firm to reconcile the monthly financial statements. Since this is the first year-end closing with the City, we will monitor the financials for the next two months to determine whether an outside firm is necessary. The July 31, 2007 financial statements were tabled for the next regular scheduled board meeting. Kim Coleman will contact Jerry Ambrose. Motion: Kelly Rossman moved that the July 31, 2007 financials be received at the next regular scheduled board meeting and place them on file. Seconded by Greg Ward. Yeas: Unanimous. Motion carried. Other Business None Public Comment None Adjournment Chair Kim Coleman declared the meeting adjourned at 9:25 a.m. Minutes by M. Smith Robert L. Trezise, Jr., Lansing Brownfield Redevelopment Authority Regular Board of Director's Meeting Minutes Lansing Economic Development Corporation Conference Room Tuesday, October 2, 2007 8:30 a.m. Members Present: Kim Coleman, Brian Jeffries, Bob Johnson, Calvin Jones, Greg Ward, Jeff Williams Members Absent: Mayor Bernero, James Butler, Bo Garcia, Kelly Rossman Staff Present: Karl Dorshimer, Marchelle Smith, Ken Szymusiak, Bob Trezise, Special Guests: Chuck Abraham Public Present: None Call to Order Chair Kim Coleman called the meeting to order at 9:15 a.m. Approval of Meeting Minutes from September 4, 2007 regular Board of Director's Meeting Motion: Greg Ward moved the Board to approve the meeting minutes with corrections from the September 4, 2007 regular Board of Director's meeting and place them on file. Seconded by Calvin Jones. Yeas: Unanimous Motion carried. Cedar -Miller -Starbucks - Brownfield Plan #35 Ken Szymusiak presented the Briefing Summary on Brownfield Plan #35 and introduced the developer, Chuck Abraham. Staff recommended approval of Brownfield Plan #35. Motion: Calvin Jones moved the Board to approve the Resolution on the Cedar -Miller - Starbucks Project Brownfield Plan #35 and place them on file. Seconded by Greg Ward. Yeas: Unanimous. Motion carried. Ottawa -Butler Property Update Bob Trezise reported there was one response to the Request for Qualifications (RFQ) submitted by Gene Townsend. The next step is to meet with Gene to discuss his proposal to determine whether the project is viable to move forward. BTS Update Bob Trezise reported that a meeting is scheduled for October 4 with Burton Katzman to discuss their intentions. Financial Statements as of July 31, 2007 Motion: Jeff Williams moved the Board to receive the July 31, 2007 financial statements and place them on file. Seconded by Greg Ward. Yeas: Unanimous. Motion carried. Financial Statements as of August 31, 2007 Motion: Jeff Williams moved the Board to receive the August 31, 2007 financial statements and place them on file. Seconded by Greg Ward. Yeas: Unanimous. Motion carried. Other Business The Board decided that all three agendas for LEDC, LBRA and TIFA reflect the same time so that when guests are present they do not have to wait. This will address the Open Meeting Act requirements. Public Comment None Adjournment Chair Kim Coleman declared the meeting adjourned at 9:35 a.m. Minutes by M. Smith Robert L. Trezise, Jr., LBRA Director Lansing Brownfield Redevelopment Authority Regular Board of Director's Meeting Minutes Lansing Economic Development Corporation Conference^ -Rod m / ';;1 J J Tuesday, November 6, 2007 7:45 a.m. vl i Members Present: Mayor Bernero, James Butler Kim Coleman, Bo Garcia, Bob Johnson, Calvin Jones, Kelly Rossman, Greg Ward, Jeff Williams Members Absent: Brian Jeffries Staff Present: Brian Anderson, Karl Dorshimer, Marchelle Smith, Ken Szymusiak, Bob Trezise, Special Guests: Gene Townsend, Lenawee Company, Vince Villegas, Briarwood Realty, Steve Willoughby, NTH, Heather Prentice, NTH Public Present: None Call to Order Chair Kim Coleman called the meeting to order at 7:45 a.m. Approval of Meeting Minutes from October 2, 2007 regular Board of Director's Meeting Motion: Greg Ward moved the Board to approve the meeting minutes from the October 2, 2007 regular Board of Director's meeting and place them on file. Seconded by Jeff Williams. Yeas: Unanimous. Motion carried. Kalamazoo Gateway Project - Brownfield Plan #36 Bob Trezise gave a brief overview on the Kalamazoo Gateway Project and indicated that an NEZ District will be created as part of the incentive package. Brian presented the briefing memo and details of the Brownfield Plan. Gene Townsend gave a presentation on the Green building, the development and its connection to the river. Staff recommended approval of Brownfield Plan #36. Motion: James Butler moved the Board to approve the Resolution on the Kalamazoo Gateway Project Brownfield Plan #36 and place them on file. Seconded by Calvin Jones. Yeas: Unanimous. Motion carried. Ottawa -Butler Property Update Bob Trezise reported the State is in the process of conveying the property to the City. Gene Townsend was the only developer that responded to the RFQ. The Proposal will be presented to the Board at the December Board meeting. BTS Update Bob Trezise reported that a meeting was held in October with Burton Katzman representatives to discuss their property tax delinquency and bond payment issues. Many recommendations were made pertaining to marketing and suggested that Gene Townsend be utilized as a consultant. It was further suggested that a meeting be set up with Dennis Swan at Sparrow Hospital to discuss marketing sales and promotions to Sparrow employees. Financial Statements as of September 30, 2007 Motion: Jeff Williams moved the Board to receive the September 30, 2007 fines-lcial statements and place them on file. Seconded by Calvin Jones. Yeas: Unanimous. Motion carried. Other Business None Public Comment None Adjournment Chair Kun Coleman declared the meeting adjourned at 8:30 a.m. Mimltes by M. Smith