Lansing Economic Development Corp LEDC

Board of Directors Meeting Friday, June 6, 2025 – 8:30 AM REO Town Clubhouse - 1314 S. Washington Ave., Lansing, MI 48910 AGENDA 1) Call to Order 2) Approval of LEDC Board Meeting Minutes – Monday, June 2, 2025 3) Financial Update 4) FY2025/2026 City of Lansing Economic Development Contract (ACTION) 5) FY2025/2026 City of Lansing Façade Program Contract (ACTION) 6) Approval of FY2024/2025 LEDC Budget Amendment (ACTION) Attached Amended FY2024/2025 LEDC Budget- Highlighted in Orange 7) Approval of FY2025/2026 LEDC Budget (ACTION) Attached Proposed FY2025/2026 LEDC Budget- Highlighted in Blue 8) Committee Reports 9) Open Forum for LEDC Board Members 10) Other Business 11) Public Comment 12) Adjournment To improve the Lansing community by fostering economic growth that is strategic, sustainable and equitable.  AF T R D No assurance is provided on these financial statements or supplementary information. The financial statements omit substantially all disclosures and the statement of cash flows, revenue and expenses related to certain contracts are recognized when received and paid, all of which are not in accordance with accounting principles generally accepted in the United States of America.  AF T R D No assurance is provided on these financial statements or supplementary information. The financial statements omit substantially all disclosures and the statement of cash flows, revenue and expenses related to certain contracts are recognized when received and paid, all of which are not in accordance with accounting principles generally accepted in the United States of America.  ECONOMIC DEVELOPMENT CORPORATION OF THE CITY OF LANSING Certificate of Resolution by Board of Directors At a meeting of the Board of Directors of the Economic Development Corporation of the City of Lansing held on Friday, June 6th, 2025 at 8:30 a.m., pursuant to notice duly given: PRESENT: Members: ABSENT: Members: The following preamble and resolution was offered by; Member: , and seconded by: Member: LEDC Fiscal Year 2024-2025 Budget Amendment: WHEREAS, on Friday, June 7th, 2024, the Lansing Economic Development Corporation Board of Directors (LEDC Board) adopted its FY2024/2025 budget; and WHEREAS, an amendment to the FY2024/2025 budget by the Board is needed to address revenues under Brownfield Admin, Project Review Fees, Loan Interest, and Interest Income that are projected to be higher than budgeted and expenditures under Depreciation, Contractual Services, and Facilities, Equipment, & Services that are projected to be higher than budgeted. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE LANSING ECONOMIC DEVELOPMENT CORPORATION AS FOLLOWS: 1. Lansing Economic Development Corporation Board of Directors (LEDC Board) approves amending the Fiscal Year 2024/2025 budget to reflect the above-mentioned changes to revenue and expenditures by adjusting General Operating Revenue and Expenditure line items as follows: 1  Adopted Amended FY24/25 Budget Change FY24/25 Budget (by this amendment) General Operating Revenues Brownfield Admin $338,083 $397,272 $59,189 Project Review Fees $30,000 $44,000 $14,000 Loan Interest $6,000 $6,469 $469 Interest Income $50,000 $112,000 $62,000 General Operating Expenditures Depreciation $11,500 $19,572 $8,072 Contractual Services $110,000 $151,300 $41,300 Facilities, Equipment & Services $51,440 $70,000 $18,560 2. Additionally, the LEDC agrees that if any section, clause or phrase of this Resolution is declared as invalid by a court of law, that ruling shall not affect the intent and purpose of this Resolution and validity of the remaining provisions of the Resolution. 3. Finally, the LEDC declares that all resolutions or parts of resolutions in conflict with any of the provisions of this Resolution are repealed. The foregoing preamble and resolutions are hereby approved by the Board of Directors for the Economic Development Corporation of the City of Lansing. YEAS: NAYS: ABSTENTIONS: ABSENT: PREAMBLE AND RESOLUTIONS DECLARED ADOPTED. STATE OF MICHIGAN ) ) ss. COUNTY OF INGHAM ) I hereby certify that the foregoing is a true and a complete copy of a preamble and resolutions adopted at a meeting of the Economic Development Corporation of the City 2 of Lansing held on the 6th day of June 2025, and said preamble and resolutions are on file in the office of the Economic Development Corporation of the City of Lansing and are available to the public. Public notice of the meeting was given pursuant to and in compliance with Act No. 267, Public Acts of Michigan 1976, including in the case of a special or re-scheduled meeting, notice by publication or posting of at least eighteen (18) hours prior to the time set for the meeting. In addition, the meeting was held in full compliance with the Board’s By-Laws. IN WITNESS WHEREOF, I have hereunto affixed my official signature. Shelley Davis Boyd, Chair LEDC Board of Directors 3  LANSING ECONOMIC DEVELOPMENT CORPORATION (LEDC) FY 2024/2025 AMENDED BUDGET FY 2025/2026 PROPOSED BUDGET FY 2023/2024 FY 2024/2025 FY 2024/2025 FY 2024/2025 FY 2025/2026 Budget Adopted Projected Amended Proposed Actuals Budget FYE Budget Budget Description Revenues Brownfield Admin 324,145 338,083 397,272 397,272 405,218 City of Lansing Contract 300,000 300,000 300,000 300,000 325,000 Annual Issuer's Fees 6,294 53,132 52,269 53,132 48,061 Project Review Fees 15,000 30,000 44,000 44,000 30,000 TIFA Admin 344,060 354,382 343,774 354,382 350,650 From/(To) Fund Balance 37,078 - 37,078 34,481 Façade Grant Contract City of Lansing 175,000 175,000 175,000 175,000 225,000 ARPA Contract City of Lansing - - - - - CDBG-CV/Lansing CARES - - - - - Allen Place EGLE Grant - - - - - Stadium North EGLE Grant - - - - - City of Lansing ARPA Funds - - - - - Loan Interest 7,779 6,000 6,469 6,469 5,544 Interest Income 100,117 50,000 112,000 112,000 62,000 Miscellaneous Revenue 1,796 5,000 3,100 5,000 1,000 CEDAM Grant 10,000 - - - - SSRP Verlinden Grant - 18,975,000 18,975,000 18,975,000 - Repayment of Grant Funds 150,000 - - - - Total General Operating Income 1,434,191 20,323,675 20,408,884 20,459,333 1,486,954 FY 2023/2024 FY 2024/2025 FY 2024/2025 FY 2024/2025 FY 2025/2026 Budget Adopted Projected Amended Proposed Actuals Budget FYE Budget Budget Description Expenditures Operations Depreciation 11,544 11,500 19,572 19,572 23,000 Contractual Services 81,569 110,000 151,300 151,300 122,270 Payroll 507,380 727,655 698,348 727,655 821,920 Employee Benefits 74,096 107,925 91,181 107,925 107,960 Insurance & Bonds 15,842 16,695 16,487 16,695 24,000 Marketing, Promotions & Business Attraction 7,520 39,000 39,000 39,000 30,000 Travel & Conferences & Training 17,552 24,000 20,000 24,000 36,000 Operating Expense 9,640 14,000 - 14,000 - ARPA LEDC Conversion/Start Up - - - - - Rent 63,862 68,807 63,000 68,807 57,000 Utilities 5,503 9,153 9,000 9,153 12,000 Facilities, Equipment & Services 38,342 51,440 70,000 70,000 57,000 To/(From) Fund Balance - - - - Bank Fees 1,636 5,000 5,000 5,000 6,000 Programs - - CDBG-CV/Lansing CARES - - - - Allen Place EGLE Grant - - - - Stadium North EGLE Grant - - - - CEDAM Grant 10,000 - - - - SSRP Verlinden Grant 18,975,000 18,975,000 18,975,000 - LSBRP Rescue Fund - - - - LBA Econ Dev Analysis - - - - Façade Grant Program 175,000 175,000 175,000 175,000 225,000 ARPA LEED Initiative - - - - ARPA CIA Allocations - - - ARPA Façade Program - - - Total General Operating Expenses 1,019,486 20,335,175 20,332,888 20,403,107 1,522,150 Less Depreciation Expense (11,544) (11,500) (19,572) (19,572) (23,000) Total General Operating Expenses 1,007,942 20,323,675 20,313,316 20,383,535 1,499,150 Net Income 426,249 (0) 95,567 75,798 (12,196) Add Back Depreciation Expense 11,544 11,500 19,572 19,572 23,000 Net Income 437,793 11,500 115,139 95,370 10,804  CONTRACT BETWEEN THE LANSING ECONOMIC DEVELOPMENT CORPORATION AND THE CITY OF LANSING (2025-2026) THIS CONTRACT, entered into this __st day of June 2025 effective from July 1, 2025 through June 30, 2026 by and between the City of Lansing, a Michigan municipal corporation (the “City”) and the Economic Development Corporation of the City of Lansing, a non-profit corporation organized and existing under the laws of the State of Michigan (the "Contractor"). The Contractor is the exclusive and independent employer of its employees, if any. WITNESSETH THAT: WHEREAS, the City desires to engage the Contractor to perform certain services and activities; and WHEREAS, the Contractor represents that it will perform such services and activities in a lawful, satisfactory and proper manner, all in accordance with the policies, procedures and requirements which have been or, from time to time, may be prescribed by the City; and NOW, THEREFORE, the City and the Contractor do mutually agree as follows: 1. Scope of Work Introduction: The LEDC will provide via this contract economic development services to the City. These services include assisting with business expansion, retention and attraction along with facilitating real estate and place-based development projects in the City. In addition, LEDC will assist the West Saginaw St., East Michigan Ave., and South MLK Blvd. Corridor Improvement Authorities’ (CIA) while also continuing the planning work for the CIA on N. Grand River Ave. LEDC will also promote, manage and implement the City Façade Improvement Program and the Lansing Equitable Economic Development (LEED) Initiative. To support and ensure that these efforts will be successful The LEDC will also provide administrative services to the Tax Increment Financing Authority (TIFA), Lansing Brownfield Redevelopment Authority (LBRA) and all four CIA Boards. Scope of Work Details (City Project) A. Lansing Real Estate and Place Development Preparing, marketing and facilitating the development of land and buildings in the City of Lansing including contaminated, blighted, functionally obsolete and surplus properties. 1 B. Lansing Business Retention and Expansion Assisting Lansing businesses with expansion and relocation including making business retention calls to determine and meet their needs to remain strong and profitable. C. Lansing Business Attraction Marketing, Promoting and Assisting with the attraction and location of Businesses to the City of Lansing. D. LEDC Lansing Equitable Economic Development Initiative Promoting, Implementing and Managing the Lansing Equitable Economic Development (LEED) Initiative, per a separate contract between the Contractor and City and subject to available funding of the program. E. Lansing Façade Improvement Program Promoting, Implementing and Managing the Lansing Façade Improvement Program, per a separate contract between the Contractor and City and subject to available funding of the program. F. LEDC Management and Administration Managing and conducting all the responsibilities, tasks, and functions of the Lansing Economic Development Corporation. G. LBRA Plans, Grants, Loans, Acct. Admin & Board Management Managing and conducting all the responsibilities, tasks, and functions of the Lansing Brownfield Redevelopment Authority. H. Lansing TIFA Management and Administration Managing and conducting all the responsibilities, tasks, and functions of the Lansing Tax Increment Financing Authority. I. Lansing Corridor Improvement Authorities Creating, Developing and Assisting the East Michigan, West Saginaw, South MLK and N. Grand River Corridor Improvement Authorities. J. General Economic Development Services and Activities Day to day and general economic development activities necessary to assist and conduct economic development in the City of Lansing. K. General Administrative Services Perform all general administrative duties and tasks to fulfill the LEDC contract for services. 2 L. Lansing Development Projects Audits, Policy & Analysis Review and auditing of completed development projects, creating, and applying economic incentive policies, reporting and documentation of successfully completed LEDC/City projects. 2. Time of Performance The time of the performance under this Contract shall be from July 1, 2025 to June 30, 2026. In no event shall this contract extend beyond June 30, 2026, unless so provided by a written amendment hereto that has been executed by both parties. Unless otherwise terminated pursuant to the terms of this Contract, the Contractor shall continue to perform services and activities until the Contract expires. 3. Compensation and Method of Payment for LEDC Contract Services A) As full compensation for the Contractor’s satisfactory performance under and completion of this Contract, the City shall pay the Contractor the amount of Three Hundred Thousand and 00/100 ($300,000.00) Dollars on July 1, 2025. B) It is expressly understood by and between the City and Contractor that except as provided in subparagraph (E) below, in no event shall the total compensation and reimbursement, if any, to be paid to the Contractor pursuant to this Contract, exceed the maximum sum of Three Hundred Thousand and 00/100 dollars ($300,000.00). C) The Contractor agrees, subject to availability of funds and any necessary Board approvals, to provide any additional money, services and/or physical resources which may be required to complete its performance under this Contract. D) The Contractor agrees to request payment on an invoice or as otherwise mutually agreeable between the City Finance Department and the Contractor. E) If the City desires additional services on any specific project or issue that is outside the scope of this Contract, the City may hire the Contractor for an additional agreed upon rate. 4. Continued Funding The City makes no implied or explicit guarantee, offer or representation of future funding from the City of Lansing beyond the termination of this Contract. The City further makes no implied or expressed guarantee that it will not terminate this Contract pursuant to the terms and conditions of Paragraph 22. 3 5. Finance Procedures A) The Contractor must have in place generally accepted accounting practices (GAAP) through the agency's internal structure or through services provided by the City of Lansing. To allow the Contractor to meet GAAP standards the City commits to providing all necessary accounting information to the Contractor in a timely manner per GAAP standards. B) Suspension of Funding: The City Finance Director (“Finance Director”), in its sole discretion, has the authority to suspend, reduce or disallow any payment(s) of funds to the Contractor included in Paragraph 3, notwithstanding any other provision of the Contract, upon written notice to the Contractor when: the internal fiscal controls and records established pursuant to Paragraph 3 and Paragraph 4 are changed without the Finance Director's approval; or, where in the opinion of the Finance Director, there is a reasonable likelihood that funds may be misused, misappropriated, or spent for an ineligible purpose as defined within this Contract. 1. Any unearned payments under this Contract may be suspended by the Finance Director upon the Contractor's refusal to accept and comply with any additional conditions or requirements of the City. 2. Any unearned payments under this Contract may be suspended or reduced if the funding sources for this Contract are reduced or suspended or terminated for any reason. 6. Contract Modifications The City, from time to time, may expand, diminish or otherwise modify the project objectives, scope of services, or any other Contract provision related thereto, which the Contractor is required to perform. However, only modifications that are mutually agreed upon by the City and the Contractor, and incorporated into written amendments to this Contract after approval by the City, shall be amendments to this Contract. 7. Contractor's Failure of Performance A) The failure of the Contractor to provide any work or services required by this Contract in a satisfactory and timely manner shall be a material breach of the Contract. 1. The City in its sole discretion shall determine whether the work is satisfactorily completed. 2. In the event the City determines the work or services provided under this Contract have not been performed in a timely or satisfactory manner, the City shall notify the Contractor and allow Contractor ten (10) days to cure or provide a corrective action plan for any such failure to perform work or services in a timely and satisfactory manner. 4  3. In the event that Contractor fails to provide a corrective action plan or cure the unsatisfactory or untimely work or performance, the City may take any other action permitted by law or this Contract, including but not limited to Contract termination. B) Reduction of Compensation by the City of Lansing: In the event the Contractor fails to perform, in a timely and proper manner any of the services or activities required under this Contract, the City may, in its sole discretion, reduce or modify the compensation payable hereunder to the Contractor in a manner which appropriately reflects such reduction or diminution of services or activities. C) Termination by the City of Lansing: 1. In the event the Contractor fails to fulfill in a timely and proper manner any of the terms, conditions, or obligations of this Contract, or if the Contractor violates any of the covenants, agreements, or stipulations of the Contract, the City shall notify the Contractor and allow Contractor ten (10) days to cure or provide a corrective action plan for any such failure or violation. In the event that Contractor fails to cure or provide a corrective action plan after receiving the notice described above, the Mayor of the City of Lansing, in the Mayor’s sole discretion may terminate this Contract with no further liability to the Contractor beyond that expressly provided for within Paragraph 7 herein. 2. In the event this Contract is terminated: a) All data, documents, drawings, maps, models, photographs, reports, studies and surveys which have been or were prepared by the Contractor with City funds pursuant to the Contract, become the property of the City; and b) The Contractor shall receive just and equitable compensation for any work which the Contractor satisfactorily completed pursuant to this Contract, subject to (3) (b) below. 3. It is agreed that nothing contained herein shall: a) Deprive the City of any additional rights or remedies, either at law or equity, or under the terms, conditions, obligations, covenants, agreements, and stipulations of this Contract, which they may respectively assert against the Contractor upon failure to fulfill any of the terms, conditions, obligations, covenants, agreements or stipulations of this Contract; or b) Relieve the Contractor of any liability to the City for any damages sustained by the City as a result of any breach of 5  Contract by the Contractor; and if it sustains such damages, the City may withhold, as a set off, any payments due the Contractor until such time as an exact amount of damages sustained by the City is properly and legally determined. 8. Reports and Information A) Financial Records and Reports: The Contractor agrees to make and maintain adequate financial records in a form satisfactory to the Finance Director. Such financial records and reports shall reflect all costs and expenses incurred in performing this agreement and records of the use of all consideration received pursuant to this agreement. Financial records and reports of the Contractor shall conform with the "City of Lansing Standard Operating Procedures for City Support Agencies" to be made available to the Contractor by the Finance Director, which manual is hereby incorporated by reference herein, and further the Contractor acknowledges and agrees that said "City of Lansing Standard Operating Procedures for City Supported Agencies" is available for use by the Contractor and the Contractor shall have the duty to be fully familiar with said manual. B) Equal Employment Opportunity Provisions: Pursuant to Chapter 1-302.1 of the Lansing City Charter, the Contractor agrees that it will ensure that no person or group engaged in the conduct of official business or seeking to do business arising from this Contract is discriminated against because of race, creed, political orientation, color, national origin, marital status, sex, age, handicap, or for any cause not reasonably related to the accomplishment of a legitimate governmental purpose. The Contractor further agrees that all subcontractors or other agreements entered into pursuant to this Contract shall obligate any Beneficiaries of this Contract to adhere to the same equal opportunity provisions noted above. The Contractor and any subcontractors agree to provide equal employment opportunity pursuant to all state and federal laws including the Americans with Disability Act and to provide proof to the City as requested by the Human Relations & Community Services Department pursuant to Section 206.20 and 206.21 of the Codified Ordinances of the City of Lansing. 9. Eligible Costs of the Contractor Under this Contract, all costs incurred and expenditures made pursuant to this Contract shall be fully documented and shall be in conformance with any limitations or exclusions of applicable Federal, State and local laws, rules, regulations and conditions mandated by the City. 6 10. Records and Documentation A) The Contractor shall establish and maintain all necessary records concerning any matter covered by this Contract which, from time to time, may be requested by the City. B) Unless otherwise expressly authorized by the City, the Contractor shall maintain all records related to this Contract, including financial records and accounts for a period of three (3) years after receipt of final payment under this Contract. C) If any litigation, claim or audit is started before the expiration of the three- year period, the records shall be retained by the Contractor until all litigation, claim or audit findings involving the records have been resolved. 11. Audits and Inspections A) At any time during normal business hours and as often as the City may deem necessary to ensure proper accountability for all project funds, the Contractor shall: 1. Make available to the City all checks, payrolls, time records, invoices, Contract vouchers, orders and other data, information and material concerning any matter covered by this Contract; and 2. Permit the City to audit, examine, excerpt, or transcribe all checks, vouchers, orders or other data, information and material concerning any matter covered by this Contract; and 3. Allow the City to review such documents that are considered as backup to the operation of the Contractor, regardless of funding source; and 4. Make available to the City documentation supporting service reports. 12. Conflict of Interest A) Conflict of interest is defined as: Contractor’s officers, directors, and/or employees using position for a purpose that is or gives the appearance of being motivated by a desire for private financial gain for themselves or others, particularly those with whom they have family, business, or other ties. B) Contractor covenants, to the best of its knowledge, that no such interest exists and no person having any conflicting interest in this Contract shall be employed for the purpose of performing the services and activities set forth in the Scope of Services section of the Contract or fulfilling the terms, conditions, obligations, covenants, agreements or stipulations of this Contract. 7  C) The Contractor shall establish safeguards to prohibit conflicts of interest as defined by 12.A. above. 13. Assignment and Transfer of Interest: Subcontracting Except as provided in Section 23, the Contractor shall not assign or transfer, whether by assignment or novation, any interest in this Contract or subcontract any performance or portion thereof pursuant to this Contract without written consent of the City, provided however, that claims for money due or to come due the Contractor from the City pursuant to this Contract may be assigned or transferred to a bank, trust company, or other financial institution without such consent, and the Contractor shall promptly notify the City of any such assignment or transfer. 14. Lobbying and Political Activities None of the money, compensation, reimbursement, funds, property or services provided, directly or indirectly, under, by or pursuant to this Contract shall be used for any partisan political activity or to further the election or defeat of any candidate for any public office, or propaganda designed to support or defeat any legislation pending before the Congress of the United States, the Michigan State Legislature, or the City Council of the City. 15. "Save Harmless" Clause Contractor shall indemnify, defend, and hold the City harmless for all damages arising out of a claim a third party brings against the City that arises solely out of Contractor’s negligent or intentional misconduct. The City shall include in all Development agreements with third parties that those third parties must indemnify, defend, and hold harmless Contractor as well as the City, to the extent allowed by law. 16. Civil Rights A) Contractor agrees that it will not discriminate as to provision of services pursuant to this agreement or as to hiring or terms or conditions of employment based on race, creed, color, religion, national origin, sex, handicap, marital status, height, weight or age. It will maintain written personnel rules, guidelines, practices, and terms and conditions of employment. The personnel rules established may be amended from time to time, as necessary. Contractor shall have in place its personnel policies with copies of any amendments made to them. A violation of this provision shall be a material breach of the Contract. B) The Contractor shall, in all solicitations or advertisements for employees placed by or on behalf of the Contractor, state that all qualified applicants shall receive consideration for employment without regard to race, color, religion, height, weight, marital status, sex, age, handicap, national origin, sexual orientation or gender preference. 8  C) In the event of the Contractor's noncompliance with the nondiscrimination clauses of this Contract or with any such rules, regulations or orders, this Contract may be canceled, terminated or suspended in whole or in part. 17. City Charter It is clearly understood that nothing contained in the Contract shall deprive the City of Lansing of any rights that it may exercise by virtue of the provisions of the Charter of the City. 18. Severability of Provisions If any clauses, sections, provisions or parts of this Contract are held invalid or if any portion of any clause, section, provision or part of the Contract is held invalid, the remainder of this Contract shall continue to be enforceable as written. Unless otherwise specified in the Contract, all notices, duties or rights of the City shall be exercised by and through this Contract as specified in this herein. 19. Waiver The failure of the City to demand compliance with any term of this Contract or to take action when this Contract is breached in any way shall not be considered a waiver of that Contractual requirement thereafter nor the City's right of action for the breach of that term. 20. Insurance and Bonds In addition to any other insurance and bonding requirements of this Contract the Contractor shall maintain at least the following insurance coverage: Worker’s compensation and unemployment compensation that meet minimal State of Michigan statutory requirements, if required by law. 21. Disclosure of Confidential Material All reports, data, information, statements, forecasts, records, and so forth, assembled, constructed or prepared pursuant to or as a consequence of this Contract are subject to all Federal and Michigan laws and regulations governing the disclosure of "public, client and medical, or other records" subject to certain exemptions from disclosure under the circumstances expressly authorized by the above laws and regulations. 22. Termination and Parties' Election The City may, upon sixty (60) days written notice to the Contractor, with or without cause, terminate this agreement and all of the City's obligations hereunder, including any obligations to provide financial assistance. The City may exercise its rights pursuant to this provision regardless of whether the Contractor is in default of any condition or obligation under this Contract. Once the City has provided written notice to the Contractor, the City shall not be obligated to supply financial assistance in any amount greater than the average monthly payment to the 9  Contractor over the preceding months of this agreement. Average monthly payment, for purpose of this section, shall be determined by totaling the City's contribution from the inception of the Contract until the time notice is provided and divide the number of funded months (or any fraction thereof) by the amount of monies expended over such period. The City may also compensate in excess of the average monthly payment upon receiving documentation that warrants such action. 23. Subcontracting The Contractor may subcontract some or all of the responsibilities set forth in Section 1, scope of services, subject to the prior written consent of the Mayor. Any such subcontract must provide substantially the same terms as this Contract and provide that it can be terminated by the LEDC under the same terms as Section #22. 24. Applicable Law This Agreement will be governed by the laws of the State of Michigan. [Signatures on the following page.] 10 Attest: City of Lansing BY: Andy Schor, Mayor ________________________________ Witness: Lansing Economic Development Corp. _________________________________ BY: ________________________________ Shelley Davis Boyd, LEDC Chair _________________________________ Approved as to form only: Certification as to availability of funds & Account Number: Account #101.966000.991280.000000 LEDC Contract Amount: $300,000.00 _________________________________ ____________________________________ City Attorney Finance Director 11  FAÇADE IMPROVEMENT GRANT PROGRAM CONTRACT BETWEEN THE LANSING ECONOMIC DEVELOPMENT CORPORATION AND THE CITY OF LANSING THIS CONTRACT, entered into this _ day of ___ 2025 effective from January 1st, 2026, through December 31, 2026 by and between the City of Lansing, a Michigan municipal corporation (the “City”) and the Lansing Economic Development Corporation, a non-profit corporation organized and existing under the laws of the State of Michigan (the "LEDC"). WITNESSETH THAT: WHEREAS, the City and the LEDC are committed to help strengthen the economic viability of businesses in the City of Lansing by providing incentives for improving the appearance and structural conditions of the exterior of commercial buildings; and WHEREAS, to best utilize limited funds for the purposes of creating and executing a business façade grant program that is available to be used on commercial properties throughout the city of Lansing, a relationship has been created between the City and the LEDC; and WHEREAS, on behalf of the City of Lansing, the LEDC will administer a façade improvement grant program (the “Façade Improvement Grant Program”) from funds secured through the City’s general fund; and NOW, THEREFORE, the City and the LEDC do mutually agree that the LEDC shall meet and perform the program goals and objectives within the stated time of performance and comply with the terms and conditions as outlined in this contract: 1. Program Goal Foster economic growth in Lansing with the use of strategic marketing and a Façade Improvement Grant Program that allows property owners, tenants and others to apply for grant funds to make permanent improvements to commercial building exteriors located in the city of Lansing. 2. Program Objectives a) Strengthen the economic viability of Lansing by providing incentives for improving the appearance and structural conditions of its commercial buildings. b) Encourage further retail and commercial activity in established commercial and corridor districts by promoting and marketing strategic commercial properties. c) Improve business success by enhancing the curb appeal of commercial properties to customers and visitors in Lansing. 1  d) Help restore historic features of buildings and encourage façade design treatments that complement and enhance adjacent properties. e) Ensure that façade improvements meet design guidelines, building codes and zoning requirements. 3. Scope of Services In order to accomplish the program goals and objectives, the LEDC shall perform in a lawful, satisfactory and proper manner, all in accordance with the policies, procedures and requirements which have been or, from time-to-time, may be prescribed by the City, administration of the Façade Improvement Grant Program. Subject to the availability of funding from the City, the LEDC will manage $250,000 for the purposes of creating, executing a Façade Improvement Grant Program available to commercial property owners, tenants and others for properties located primarily outside downtown Lansing. 4. Time of Performance The time of the performance under this contract shall be from January 1st, 2026, to December 31, 2026. In no event shall this contract extend beyond December 31, 2026, unless so provided by a written amendment hereto that has been executed by both parties. Unless otherwise terminated pursuant to the terms of this contract, the LEDC shall continue to perform services and activities until the contract expires. 5. Grant Funds It is expressly understood by and between the City and the LEDC that in no event shall the total grant funds exceed TWO-HUNDRED FIFTY THOUSAND ($250,000) DOLLARS. To be paid in the amount of $250,000 on January 1st, 2026. The grant funds will be used as follows. Standard Façade Grant Program: a) Not less than 48% or $120,000 for eligible Façade Improvements or Design Assistance. b) Up to 1% or $2,500 for Marketing and Promotion of the program. Strategic Property Activation Façade Grant Program: c) Up to 31% or $77,500 for eligible Façade Improvements for the attraction of businesses to strategic properties in established commercial and corridor districts. d) Up to 10% or $25,000 for Marketing and Promotion of the Program and Strategic Properties. 2  LEDC Administration Costs: e) Up to 10% or $25,000 for Administration Costs to the LEDC for implementation of the Standard Façade Grant and Strategic Property Activation Façade Grant Programs. 6. Continued Funding The City makes no implied or explicit guarantee, offer or representation of future funding from the City of Lansing beyond the termination of this contract. 7. Contract Modifications The City, from time to time, may expand, diminish or otherwise modify the program goals, objectives, scope of services, or any other contract provision related thereto, which the LEDC is required to perform. However, only after modifications that are mutually agreed upon by the City and the LEDC and incorporated into written amendments to this contract after approval by the City. 8. Equal Employment Opportunity Provisions: Pursuant to Chapter 1-302.1 of the Lansing City Charter, the LEDC agrees that it will ensure that no person or group engaged in the conduct of official business or seeking to do business arising from this contract is discriminated against because of race, creed, political orientation, color, national origin, marital status, sex, age, handicap, or for any cause not reasonably related to the accomplishment of a legitimate governmental purpose. The LEDC further agrees that all grant recipients adhere to the same equal opportunity provisions noted above, which provisions shall be included in all other agreements entered into pursuant to this contract. The LEDC and any grant recipients agree to provide equal employment opportunity pursuant to all state and federal laws including the Americans with Disability Act and to provide proof to the City as requested by the Human Relations & Community Services Department pursuant to Section 206.20 and 206.21 of the Codified Ordinances of the City of Lansing. 9. Records and Documentation The LEDC shall establish and maintain all necessary records concerning any matter covered by this contract including financial records and accounts which, from time to time, may be requested by the City. 3 Attest: City of Lansing BY: _______________________________ Andy Schor, Mayor ________________________________ Witness: Lansing Economic Development Corp. _________________________________ BY: ________________________________ Shelley Davis Boyd, LEDC Chair _________________________________ Approved as to form only: Certification as to availability of funds & account number: Account #101.834101.960095.000000 Facade Improvement Grant Funds: $250,000 _________________________________ ____________________________________ City Attorney Crystal Thomas, Finance Director 4