Loading...
HomeMy WebLinkAbout2004 TIFA minutesMembers Present: Members Absent: Temporary EDC Members Present: Staff Present: Staff Absent: Guests Present: 1) Call to Order Tax Increment Finance Authority of the City of Lansing Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall Wednesday, March 3, 2004 4:30 P.M. Tony Benavides; Ann Brazeau; Kim Coleman; William Cook; Bo Garcia; Jeff Williams James Butler; Paula Cunningham; Brian Jeffries Ed Carpenter Patricia Cook; Barbara Foreman; Tracy Carney -Miller Karl Dorshimer; Marchelle Smith Jim Ruff Chair Williams called the meeting to order at 5:13 p.m. 2) Election of Officers Motion - Kim Coleman motioned the Board to approve the following slate of officers thru December 31, 2004: Jeff Williams - Chair Kim Coleman - Vice -Chair Jim Ruff - Secretary (non-voting) Ann Brazeau - Treasurer William Cook seconded the motion. Yeas: Unanimous. Motion carried. 3) Approval of the Board of Director's Meeting Minutes from December 3, 2003 Motion - Kim Coleman motioned the Board to approve the Board of Director's Meeting Minutes from December 3, 2003 as presented and place them on file. Bo Garcia seconded the motion. Yeas: Unanimous. Motion carried. 4) Financial Statements thru 12/31/03 Motion - Kim Coleman motioned the Board to receive and place on file the Financial Statements thru 12/31/03 as presented. Ann Brazeau seconded the motion. Yeas: Unanimous. Motion carried. 5) Other Business None. 6) Public Comment None. 7) Adjournment Chair Williams declared the meeting adjourned at 5:17 p.m. Minutes by B. Foreman Patricia A. Cook TIFA Manager Tax Increment Finance Authority of the City of Lansing Special Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall Wednesday, May 5, 2004 4:00 P.M. Members Present: Ann Brazeau; James Butler; Paula Cunningham, Bo Garcia; Brian Jeffries; Jeff Williams Members Absent: Tony Benavides; Kim Coleman; William Cook Temporary EDC Members Present: Jan Hayhow Staff Present: Patricia Cook; Karl Dorshimer; Barbara Foreman; Tracy Carney -Miller; Marchelle Smith Guests Present: Kris Elliott; Jim Ruff; Ken Stockwell A quorum was not present at 4:00 p.m. Chair Williams called the TIFA Meeting to order at 4:10 p.m. and declared the meeting adjourned at 4:10 p.m. in order to move on to an EDC Agenda Item that needed no action. 1) Call to Order A quorum was present at 4:35 p.m., and upon completion of the EDC discussion only item, Chair Williams called the TIFA meeting to order at 4:41 p.m. 2) Approval of the Board of Director's Meeting Minutes from April 7, 2004 Motion - Ann Brazeau motioned the Board to approve the April 7, 2004 Board of Director's Meeting Minutes as presented and place them on file. Bo Garcia seconded the motion. Yeas: Unanimous. Motion carried. 3) Financial Statements through March 31, 2004 Motion - James Butler motioned the Board to approve the Financial Statements thru March 31, 2004 as presented and place them on file. Ann Brazeau seconded the motion. Yeas: Unanimous. Motion carried. 4) Other Business None. 5) Public Comments None. 6) Adjournment Chair Williams declared the meeting adjourned at 4:44 p.m. Minutes by B. Foreman Patricia A. Cook TIFA Manager Members Present: Members Absent: Temporary EDC Members Present: Staff Present: Staff Absent: Guests Present: 1) Call to Order Tax Increment Finance Authority of the City of Lansing Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall Wednesday, June 2, 2004 4:30 P.M. Tony Benavides; Ann Brazeau; Kim Coleman; William Cook; Paula Cunningham; Bo Garcia; Jeff Williams James Butler; Brian Jeffries Jan Hayhow Patricia Cook; Tracy Carney -Miller; Barbara Foreman Karl Dorshimer; Marchelle Smith None Chair Williams called the meeting to order at 4:41 p.m. Patricia Cook asked that the minutes include Mayor Benavides' written excuse for missing the May Board Meeting. 2) Approval of the Special Board of Director's Meeting Minutes from May 5, 2004 Chair Williams asked that the May 5, 2004 meeting minutes be changed to reflect that the TIFA Meeting was temporarily recessed, rather than using the word adjourned. Motion - Paula Cunningham motioned the Board to approve the Special Board of Director's Meeting Minutes from May 5, 2004 as presented (with the above change) and place them on file. Ann Brazeau seconded the motion. Yeas: Unanimous. Motion carried. 3) Financial Statements Through 4/30/04 Motion - Bo Garcia motioned the Board to approve the Financial Statements through 4/30/04 as presented and place them on file. Kim Coleman seconded the motion. Yeas: Unanimous. Motion carried. 4) Public Comments None. 5) Adjournment Chair Williams declared the meeting adjourned at 4:44 p.m. Minutes by B. Foreman (2A -4Z - - Patricia A. Cook TIFA Manager Members Present: Members Absent: Temporary EDC Members Present: Staff Present: Guests Present: 1) Call to Order Tax Increment Finance Authority of the City of Lansing Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall Wednesday, July 7, 2004 4:15 P.M. Tony Benavides; Ann Brazeau; Kim Coleman; William Cook; Bo Garcia; Brian Jeffries; Jeff Williams James Butler; Paula Cunningham Ed Carpenter; Jan Hayhow Patricia Cook; Karl Dorshimer; Barbara Foreman; Tracy Carney -Miller; Marchelle Smith Jim Ruff, Kester So; Paul Stauder Chair Williams called the meeting to order at 4:41 p.m. 2) Approval of the Board of Director's Meeting Minutes from June 2, 2004 Motion - Kim Coleman motioned the Board to approve the Board of Director's Meeting Minutes from June 2, 2004 as presented and place them on file. Ann Brazeau seconded the motion. Yeas: Unanimous. Motion carried. 3) Financial Statements through 5/31/04 Motion - Kim Coleman motioned the Board to receive and place on file the Financial Statements through 5/31/04 as presented. William Cook seconded the motion. Yeas: Unanimous. Motion carried. 4) Public Comment None. 5) Adjournment Chair Williams declared the meeting adjourned at 4:50 p.m. Minutes by B. Foreman d. Patricia A. Cook TIFA Manager 1) Call to Order Treasurer Ann Brazeau called the meeting to order at 4:56 p.m. 2) Approval of the Board of Director's Meeting Minutes from July 7, 2004 Motion - Tony Benavides motioned the Board to approve the Board of Director's Meeting Minutes from July 7, 2004 as presented and place them on file. Bo Garcia seconded the motion. Yeas: Unanimous. Motion carried. 3) Unadjusted Financial Statements through 6/30/04 A) Reduction of Fund Balance - Prior Year Tax Adjustments Patricia Cook outlined that the financials represent a use of approximately $300,000 from fund balance to support the payments due to the City Treasurer for MTT settlements. This is about $150,000 more than was originally budgeted. Tax Increment Finance Authority of the City of Lansing Board of Director's Meeting - Mayor's Conference Room - Ninth Floor, Lansing City Hall - Wednesday, August 4, 2004 4:15 P.M. Members Present: Tony Benavides; Ann Brazeau; William Cook; Paula Cunningham; Bo Garcia; Brian Jeffries Members Absent: James Butler; Kim Coleman; Jeff Williams Temporary EDC Members Present: None Staff Present: Patricia Cook; Barbara Foreman Staff Absent: Karl Dorshimer; Tracy Carney -Miller; Marchelle Smith Guests Present: Kester So 1) Call to Order Treasurer Ann Brazeau called the meeting to order at 4:56 p.m. 2) Approval of the Board of Director's Meeting Minutes from July 7, 2004 Motion - Tony Benavides motioned the Board to approve the Board of Director's Meeting Minutes from July 7, 2004 as presented and place them on file. Bo Garcia seconded the motion. Yeas: Unanimous. Motion carried. 3) Unadjusted Financial Statements through 6/30/04 A) Reduction of Fund Balance - Prior Year Tax Adjustments Patricia Cook outlined that the financials represent a use of approximately $300,000 from fund balance to support the payments due to the City Treasurer for MTT settlements. This is about $150,000 more than was originally budgeted. Brian Jeffries requested an analysis of any pending MTT settlements that could adversely effect future TIF revenues/expenses. Motion - Brian Jeffries motioned the Board to receive and place on file the Unadjusted Financial Statements through 6/30/04 as presented. Paula Cunningham seconded the motion. Yeas: Unanimous. Motion carried. 4) Public Comment None. 5) Adjournment Treasurer Ann Brazeau declared the meeting adjourned at 5:03 p.m. Minutes by B. Foreman (141-c-� Patricia A. Cook TIFA Manager Tax Increment Finance Authority Guests Present: John Grettenberger; John Grettenberger Jr.; Jim Ruff, Ryan Thelen 1) Call to Order Chair Williams called the meeting to order at 4:26 p.m. 2) Approval of the Board of Director's Meeting Minutes from August 4, 2004 Motion - Kim Coleman motioned the Board to approve the Board of Director's Meeting Minutes from August 4, 2004 as presented and place them on file. James Butler seconded the motion. Yeas: Unanimous. Motion carried. 3) "Draft" Audited Financial Statements for FY `04 Ryan Thelen, of Kutas & Hawes PC, gave the Board a brief overview of the "Draft" Audited Financial Statements for FY'04. Patricia Cook informed the Board that the TIFA is paying debt service for the City for of the City of Lansing Board of Director's Meeting Mayor's Conference Room Ninth Floor, Lansing City Hall Wednesday, September 1, 2004 4:15 P.M. Members Present: Tony Benavides; James Butler; Kim Coleman; Bo Garcia; Jeff Williams Members Absent: Ann Brazeau; William Cook; Paula Cunningham; Brian Jeffries Temporary EDC Members Present: None Staff Present: Patricia Cook; Karl Dorshimer; Barbara Foreman Staff Absent: Tracy Carney -Miller; Marchelle Smith Guests Present: John Grettenberger; John Grettenberger Jr.; Jim Ruff, Ryan Thelen 1) Call to Order Chair Williams called the meeting to order at 4:26 p.m. 2) Approval of the Board of Director's Meeting Minutes from August 4, 2004 Motion - Kim Coleman motioned the Board to approve the Board of Director's Meeting Minutes from August 4, 2004 as presented and place them on file. James Butler seconded the motion. Yeas: Unanimous. Motion carried. 3) "Draft" Audited Financial Statements for FY `04 Ryan Thelen, of Kutas & Hawes PC, gave the Board a brief overview of the "Draft" Audited Financial Statements for FY'04. Patricia Cook informed the Board that the TIFA is paying debt service for the City for the circuit court facility, which is located off of Townsend Street. Patricia further informed the Board that there were some additional payments paying agent fees that were not outlined in the debt service schedule and so those had to be paid proportionately between the TIFA & Ingham County. The TIFA portion of the payments was $162.00, which were not part of the `03-`04 TIFA Budget. Patricia requested that the Board approve amending the `03-`04 TIFA Budget to include an additional $162.00 expenditure to line item (Capital Projects - Courts) on page 18 of the "Draft" Audited Financial Statements for FY `04. Motion - Kim Coleman motioned the Board to approve adjusting the Capital Projects - Courts budget by $162.00 to bring TIFA's FY `04 Budget in line with the actual. Bo Garcia seconded the motion. Yeas: Unanimous. Motion carried. Motion - Tony Benavides motioned the Board to receive and place on file the "Draft" Audited Financial Statements for FY `04 as presented with one correction to page 18 as stated in the motion just approved above. Kim Coleman seconded the motion. Yeas: Unanimous. Motion carried. A) Adjusted Financial Statements through 6/30/04 Motion - Bo Garcia motioned the Board to approve the Adjusted Financial Statements through 6/30/04 as presented and place them on file. Kim Coleman seconded the motion. Yeas: Unanimous. Motion carried. Patricia Cook asked that an Item 3B be added to the Agenda (Financial Statements through July 31, 2004). B) Financial Statements through July 31, 2004 Motion - Kim Coleman motioned the Board to approve the Financial Statements through July 31, 2004 as presented and place them on file. Bo Garcia seconded the motion. Yeas: Unanimous. Motion carried. 4) Public Comment None. 5) Adjournment Chair Williams declared the meeting adjourned at 4:45 p.m. Minutes by B. Foreman Patricia A. Cook TIFA Manager Members Absent: None Temporary EDC Members Present: Jan Hayhow Staff Present: Patricia Cook; Karl Dorshimer; Barbara Foreman; Tracy Carney -Miller; Marchelle Smith Staff Absent: None Guests Present: Jim Ruff 1) Call to Order Chair Williams called the meeting to order at 5:21 p.m. 2) Approval of the Special Board of Director's Meeting Minutes from October 6, 2004 Motion - Kim Coleman motioned the Board to approve the Special Board of Director's Meeting Minutes from October 6, 2004 as presented and place them on file. James Butler seconded the motion. Yeas: Unanimous. Motion carried. 3) Financial Statements - Through October 31, 2004 Motion - James Butler motioned the Board to approve the Financial Statements (through October 31, 2004) as presented and place them on file. Paula Cunningham seconded the motion. Tax Increment Finance Authority of the City of Lansing % Board of Director's Meeting D �, Mayor's Conference Room f'-' Ninth Floor, Lansing City Hall _ Wednesday, December 1, 2004 co =' 4:20 P.M. Uj Menibers-Present: Tony Benavides; Ann Brazeau; James Butler; Kim Coleman; William Cook; Paula Cunningham; Bo Garcia; Brian Jeffries; Jeff Williams Members Absent: None Temporary EDC Members Present: Jan Hayhow Staff Present: Patricia Cook; Karl Dorshimer; Barbara Foreman; Tracy Carney -Miller; Marchelle Smith Staff Absent: None Guests Present: Jim Ruff 1) Call to Order Chair Williams called the meeting to order at 5:21 p.m. 2) Approval of the Special Board of Director's Meeting Minutes from October 6, 2004 Motion - Kim Coleman motioned the Board to approve the Special Board of Director's Meeting Minutes from October 6, 2004 as presented and place them on file. James Butler seconded the motion. Yeas: Unanimous. Motion carried. 3) Financial Statements - Through October 31, 2004 Motion - James Butler motioned the Board to approve the Financial Statements (through October 31, 2004) as presented and place them on file. Paula Cunningham seconded the motion. Yeas: Unanimous. Motion carried. 4) Public Comment None. 5) Adjournment Chair Williams declared the meeting adjourned at 5: 25 p.m. Minutes by B. Foreman 0,4�,a- Patricia A. Cook TIFA Manager