Local Development Finance Authority
Regular MeetingSterling Heights, MI · February 16, 2011
Minutes
CITY OF STERLING HEIGHTS
LOCAL DEVELOPMENT FINANCE AUTHORITY
586-446-2730
MINUTES OF THE MEETING
February 16, 2011– 5:30 P.M.
40555 Utica Road, Sterling Heights, MI 48313
CITY CENTER – Council Chambers
Approved
John Lamerato called the meeting to order at 5:35 p.m.
Pledge of Allegiance
Members present at roll call: Stephan Cassin, David Corba, Lori Doughty, John Lamerato,
Victor Martin (late), Casey Sobczak, Irene Spanos, David Wilson
Members absent: Richard Kincaid, John Lettang, and Zac Zachary, excused
Also in attendance: Luke Bonner, Economic Development Manager, Denice A. Gerstenberg,
Public Services Manager, Rick Sanborn, Treasurer
Motion to Approve the Agenda
Moved by Wilson, supported by Sobczak, to approve the agenda as presented.
Ayes: All
Nays: None
Motion carried.
Motion to Approve the Minutes of Regular Meeting November 17, 2010
Moved by Cassin, supported by Wilson, to approve the Minutes as presented.
Ayes: All
Nays: None
Motion carried.
New Business
Ms. Gerstenberg explained the lease agreement and shared the history of Brar Technoloy.
Mr. Corba questioned if the standard leases are all one year. Ms. Gerstenberg replied, yes they
will be for one year, in the hopes that after one year companies will move on, out into the
community.
Mr. Sobczak questioned the snow removal and salt for the building. Ms. Gerstenberg responded
that we have a contract with a snow removal service that also provides salt application.
Motion to Approve the Lease Agreement between Brar Technology Inc. and the Local
Development Finance Authority (LDFA)
Moved by Wilson, supported by Sobczak to approve the motion
Ayes: All
Nays: None
Motion carried.
Old Business
Ms. Gerstenberg updated the board on everything that is happening with the Incubator.
Mr. Corba asked what the leasable sq footage of the building is. Ms. Gerstenberg replied
approximately 17,000 sq ft.
Mr. Corba questioned if the Incubator was for defense related companies only. Ms. Gerstenberg
stated that the focus was on defense, but that Advanced Manufacturing and Technology is also a
focus.
Board Members Report None
Adjournment
Moved by Sobczak supported by Wilson to adjourn.
Ayes: All
Nays: None
Motion carried.
The meeting adjourned at 5:50 p.m.
TJ
Minutes Approved 5/18/11
John Lettang
Secretary
Agenda
CITY OF STERLING HEIGHTS
Regular Meeting of the
LOCAL DEVELOPMENT FINANCE AUTHORITY
February 16, 2011
5:30 PM
_________________________________________________________________
MEETING CALLED TO ORDER
ROLL CALL
APPROVAL OF AGENDA
APPROVAL OF MINUTES OF November 17, 2010
NEW BUSINESS
To approve the Standard Lease Agreement between Brar Technology Inc.
and the Local Development Finance Authority (LDFA)
OLD BUSINESS
Incubator Update
BOARD MEMBERS REPORT
PUBLIC COMMENT
ADJOURNMENT
Local Development Finance Authority
Sterling Heights, Michigan Item No:
Meeting: 02/16/11
AGENDA STATEMENT
OMB AS03 Rev. 11/04
Item Title: To Approve Lease Agreement between Brar Technology Inc. & the
Local Development Finance Authority (LDFA)
Contact /Phone: Denice A. Gerstenberg, Public Services Manager, 586.446.2361
Executive Summary
Attached for LDFA review is a March 1, 2011 – February 28, 2012 lease
agreement between Brar Technology Inc and the LDFA. Brar Technology
has signed the standard lease agreement that was approved by the LDFA at
the November 17, 2010 LDFA meeting. Brar Technology Inc will be the
first tenant client at the Macomb-OU Incubator. Tenant clients will have the
advantage of interacting with other INCubator companies to exchange ideas,
share common space and other service necessary for an operational business.
Attached is also a copy of the sample Oakland University Macomb-OU
Incubator Business Services Agreement that Brar Technology Inc. will also
execute as a tenant client of the Macomb-OU Incubator.
Started in 1993, Brar Technology Inc. provides engineering, research and
development services in the areas of telecommunications and embedded
software to the defense industry. The President, owner, and Sterling Heights
resident, Mr. Gurdev S. Brar, became aware of the Macomb-OU Incubator
while working with the Macomb County Small Business & Technology
Development Center (SBTDC) to develop a business plan.
Suggested Action:
MOVED BY: SECONDED BY:
RESOLVED, to Approve the Lease Agreement between Brar Technology Inc. & the
Local Development Finance Authority (LDFA).
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