Corridor Improvement Authority

CITY OF STERLING HEIGHTS CORRIDOR IMPROVEMENT AUTHORITY MINUTES OF THE SPECIAL MEETING September 22, 2010– 5:30 P.M. 40555 UTICA ROAD Sterling Heights, MI 48313 CITY CENTER – ROOM 201 Approved Daniel Crombez called the meeting to order at 5:38 p.m. Members present at roll call: James Boehmer, Denice Gerstenberg, Dan Crombez, Mary Marcinak Members absent: Dennis Hansinger, excused, Joe Haney, Rose Tocco, non-excused Also in attendance: Luke Bonner, Economic Development Manager; Rick Sanborn, City Treasurer, Teresa Jarzab, Recording Secretary Motion to Approve the Agenda Moved by Gerstenberg, supported by Marcinak, to approve the agenda as presented. Ayes: All Nays: None Motion carried. Motion to Approve the April 14, 2010 Minutes Moved by Marcinak, supported by Gerstenberg, to approve the minutes from April 14, 2010. Ayes: All Nays: None Motion carried. New Business Motion to authorize loan payment of the outstanding balance plus interest totaling $190,223 ($187,500 in principal and $2,723 in interest) to the City of Sterling Heights, General Fund from existing reserves and suspend the façade improvement program until adequate funds are available. Mr. Bonner explained the current economic conditions, taxable values and how this has affected the façade program. Current façade agreement obligations will be fulfilled. Ms. Marcinak spoke about the property taxes versus personal property taxes. Ayes: All Nays: None Motion carried. Updates Ms. Gerstenberg updated the committee about the old gas station (Speedway) City Council signed a purchase agreement at the September 7th council meeting. The City is continuing to work with Speedway to meet all future deadlines. Old Business None Board Members Report Ms. Marcinak addressed the issue of unfinished sidewalks along Van Dyke. Concerned about Gas Station (Speedway) media press releases not being specific about deed restrictions, and funding. Public Comments None Adjournment Moved by Marcinak, supported by Gerstenberg to adjourn. Ayes: All Nays: None Motion carried. The meeting adjourned at 5:50 p.m. TJ Minutes Approved 08/31/2011 Rose Tocco, Secretary