Local Development Finance Authority

CITY OF STERLING HEIGHTS Special Meeting of the LOCAL DEVELOPMENT FINANCE AUTHORITY 40555 UTICA ROAD 586-884-9322 CITY COUNCIL CHAMBERS March 26, 2013 5:30 PM MEETING CALLED TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL APPROVAL OF AGENDA APPROVAL OF MINUTES OF February 20, 2013 Regular Meeting NEW BUSINESS 1. To approve the Lease Agreement between Coupon Wallet, LLC, and the Local Development Finance Authority (LDFA). OLD BUSINESS BOARD MEMBERS REPORT PUBLIC COMMENT ADJOURNMENT  CITY OF STERLING HEIGHTS LOCAL DEVELOPMENT FINANCE AUTHORITY MINUTES OF THE REGULAR MEETING February 20, 2013 – 5:30 p.m. 40555 Utica Road, Sterling Heights, MI 48313 586-446-2489 City Council Chambers Victor Martin called the meeting to order at 5:30 p.m. Pledge of Allegiance Members present at roll call: Stephan Cassin, Lori Doughty, John Lettang, Victor Martin, Casey Sobczak, David Wilson Members absent: David Corba (excused), John Lamerato (excused) Richard Kincaid (excused), Orest Zachary (excused) Also in attendance: Kasey Green, Economic Development Manager, Julie Gustafson, Director Macomb OUIncubator Motion to Approve the Agenda Moved by Cassin, supported by Wilson, to approve the agenda as presented. Ayes: All Nays: None Motion carried. Motion to Approve the Minutes of January 16, 2013 Regular Meeting Moved by Cassin, supported by Lettang, to approve the agenda as presented. Ayes: All Nays: None Motion carried. New Business Resolved to authorize the Executive Director of the Macomb OU Incubator to proced with efforts to secure Logistics Specialties Inc’s (LSI) location at the Velocity Collaboration Center, subject to negotiation and subsequent approval of a lease at a future time. Moved by Cassin, supported by Wilson to acknowledge receipt Ayes: All Nays: None Motion carried. Old Business None Board Members Report None Public Comment None Adjournment Moved by Sobczak supported by Wilson to adjourn. Ayes: All Nays: None Motion carried. The meeting adjourned at 5:35 pm TJ