Local Development Finance Authority
Regular MeetingSterling Heights, MI · November 17, 2015
Minutes
CITY OF STERLING HEIGHTS
LOCAL DEVELOPMENT FINANCE AUTHORITY
Approved
MINUTES OF THE REGULAR MEETING
November 17, 2015 – 8:00 a.m.
40555 Utica Road, Sterling Heights, MI 48313
586-884-9322
City Council Chambers
Phil Hunsberger called the meeting to order at 8:00 a.m.
Pledge of Allegiance
Members present at roll call: David Corba, Stephanie Eagen, Phillip Hunsberger, Laurel
Johnson, John Lettang, Victor Martin, Camille Silda, Jill Tomyn, Orest Zachary
Members absent: Lori Doughty, Richard Kincaid, John Lamerato, Paula Sorrell, Kerry
Weishaupt
Also in attendance: Kathryn Quell, Building Services Specialist – City of Sterling Heights;
Mark Carufel, City Clerk/Risk Manager – City of Sterling Heights; Keith Potter, Representative
for Michigan Municipal Risk Management Authority; Chelsea O’Malley, Representative for
Michigan Municipal Risk Management Authority
Motion to Approve the Agenda
Moved by Martin, supported by Silda, to approve the agenda as presented.
Ayes: All
Nays: None
Motion carried.
Motion to Approve the Minutes of October 21, 2015 Regular Meeting
Moved by Martin, supported by Zachary, to approve the minutes as presented.
Ayes: All
Nays: None
Motion carried.
New Business
To approve the Lease Agreement Renewal between Coliant Corporation (Space #2-E) and
the Local Development Finance Authority (LDFA).
Moved by Martin, supported by Zachary to approve the Lease Agreement Renewal between
Coliant Corporation (Space #2-E) and the Local Development Finance Authority (LDFA).
Ayes: All
Nays: None
Motion carried.
To approve the Lease Agreement Renewal between Coliant Corporation (Space #2-H) and
the Local Development Finance Authority (LDFA).
Moved by Martin, supported by Zachary to approve the Lease Ageement Renewal between
Coliant Corporation (Space #2-H) and the Local Development Finance Authority (LDFA).
Ayes: All
Nays: None
Motion carried.
To approve the Lease Agreement Renewal between The Metiss Group and the Local
Development Finance Authority (LDFA).
Mr. Martin stated that the renewal is granted with the addition of a 30-day termination clause to
the lease to be exercised at the discretion of the LDFA and/or landlord for companies with a non-
core product.
Moved by Martin, supported by Eagen to approve the Lease Ageement Renewal between The
Metiss Group and the Local Development Finance Authority (LDFA).
Ayes: All
Nays: None
Motion carried.
To approve the Lease Agreement between Foodjunky and the Local Development Finance
Authority (LDFA).
Moved by Lettang, supported by Zachary to approve the Lease Ageement between Foodjunky
and the Local Development Finance Authority (LDFA).
Ayes: All
Nays: None
Motion carried.
To approve the Lease Agreement between VizBe and the Local Development Finance
Authority (LDFA).
Moved by Lettang, supported by Zachary to approve the Lease Ageement between VizBe and
the Local Development Finance Authority (LDFA).
Ayes: All
Nays: None
Motion carried.
To approve the renewal insurance premium between the Michigan Municipal Risk
Management Authority and the Local Development Finance Authority (LDFA).
Mr. Lettang inquired if the insurance is a “one size fits all” policy. Mr. Potter responded yes, for
government entities the only changes are for real and personal property. Mr. Potter said that the
coverage is for $500,000 and the rest goes to re-insurance. Mr. Martin asked if this was an
umbrella. Mr. Pottter responded that it is technically an umbrella that sits on top of the
insurance. Mr. Potter confirmed that the re-insurance companies are all A+ rated. Mr. Lettang
inquired if fine arts are applicable. Mr. Potter responded that quite a few government entities
have expensive fine art. Mr. Carufel, as Risk Manager of the City of Sterling Heights, reviewed
safety and precautionary measures of the city.
Moved by Lettang, supported by Zachary to approve the renewal insurance premium between the
Michigan Municipal Risk Management Authority and the Local Development Finance Authority
(LDFA).
Ayes: All
Nays: None
Motion carried.
Old Business
The LDFA requested a report on the tenants and overall business of the Macomb OU-INCubator.
The board members have asked for a presentation from Oakland University containing
information for each tenant, their product or service, length of occupancy and future status. This
request has been made several times in past meetings. Ms. Quell stated that Julie Gustafson has
confirmed that she will make a presentation at the LDFA meeting for January 19, 2016. The
LDFA board has also requested that a representative of Oakland University attend all of the
LDFA meetings to answer any questions that arise.
Board Members Report
None
Public Comment
None
Adjournment
Moved by Zachary, supported by Lettang to adjourn.
Ayes: All
Nays: None
Motion carried.
The meeting adjourned at 8:35 am
KQ
Minutes Approved 12/15/2015
John Lettang
Secretary
Agenda
CITY OF STERLING HEIGHTS
Regular Meeting of the
LOCAL DEVELOPMENT FINANCE AUTHORITY
40555 UTICA ROAD
586-884-9322
CITY COUNCIL CHAMBERS
November 17, 2015
8:00 AM
MEETING CALLED TO ORDER
PLEDGE OF ALLEGIANCE
ROLL CALL
APPROVAL OF AGENDA
APPROVAL OF MINUTES OF October 21, 2015 Regular Meeting
NEW BUSINESS
1. To approve the Lease Agreement Renewal between Coliant Corporation
(Space #2-E) and the Local Development Finance Authority (LDFA).
2. To approve the Lease Agreement Renewal between Coliant Corporation
(Space #2-H) and the Local Development Finance Authority (LDFA).
3. To approve the Lease Agreement Renewal between The Metiss Group and
the Local Development Finance Authority (LDFA).
4. To approve the Lease Agreement between Foodjunky and the Local
Development Finance Authority (LDFA).
5. To approve the Lease Agreement between VizBe and the Local
Development Finance Authority (LDFA).
6. To approve the renewal insurance premium between the Michigan
Municipal Risk Management Authority and the Local Development Finance
Authority (LDFA).
OLD BUSINESS
PUBLIC COMMENT
ADJOURNMENT
CITY OF STERLING HEIGHTS
LOCAL DEVELOPMENT FINANCE AUTHORITY
Draft
MINUTES OF THE SPECIAL MEETING
October 21, 2015 – 8:00 a.m.
40555 Utica Road, Sterling Heights, MI 48313
586-884-9322
City Council Chambers
Phil Hunsberger called the meeting to order at 8:00 a.m.
Pledge of Allegiance
Members present at roll call: Stephanie Eagen, Phillip Hunsberger, Laurel Johnson, Richard
Kincaid, John Lamerato, John Lettang, Camille Silda, Jill Tomyn, Kerry Weishaupt, Orest
Zachary
Members absent: David Corba, Lori Doughty, Victor Martin, Paula Sorrell
Also in attendance: Kathryn Quell, Building Services Specialist – City of Sterling Heights
Motion to Approve the Agenda
Moved by Lettang, supported by Kincaid, to approve the agenda as presented.
Ayes: All
Nays: None
Motion carried.
Motion to Approve the Minutes of August 25, 2015 Special Meeting
Moved by Lettang, supported by Kincaid, to approve the minutes as presented.
Ayes: All
Nays: None
Motion carried.
New Business
To approve the Lease Agreement Renewal between Macomb County Department of
Planning and Economic Development (MCPED) and the Local Development Finance
Authority (LDFA).
Moved by Zachary, supported by Kincaid to approve the Lease Agreement Renewal between
Macomb County Department of Planning and Economic Development (MCPED) and the Local
Development Finance Authority (LDFA).
Ayes: All
Nays: None
Motion carried.
To approve the Lease Agreement Renewal between NFC Group North America, Inc. and
the Local Development Finance Authority (LDFA).
Moved by Lettang, supported by Tomyn to approve the Lease Ageement Renewal between NFC
Group North America, Inc. and the Local Development Finance Authority (LDFA).
Ayes: All
Nays: None
Motion carried.
To approve the renewal insurance premium between the Michigan Municipal Risk
Management Authority and the Local Development Finance Authority (LDFA).
Mr. Lamerato inquired as to why certain elements were listed as coverage on the policy such as
fine arts, marine coverage and addressed the fact that these items had increased coverage from
last year’s policy. The board was concerned that the policy was charging for extra elements. The
board agreed to table this approval until the next LDFA meeting of November 17, 2015 and
requested that the risk management personnel of the city be present to answer these questions.
Moved by Weishaupt, supported by Lamerato to table the approval of the renewal insurance
premium between the Michigan Municipal Risk Management Authority and the Local
Development Finance Authority (LDFA).
Ayes: All
Nays: None
Motion carried.
To approve the amendment of the meeting time for the Regular Meetings of the Local
Development Finance Authority (LDFA) to the third Tuesday of every month at 8:00 am.
Moved by Kincaid, supported by Zachary to approve the amendment of the meeting time for the
Regular Meetings of the Local Development Finance Authority (LDFA) to the third Tuesday of
every month at 8:00 am.
Ayes: All
Nays: None
Motion carried.
Old Business
Board Members Report
None
Public Comment
None
Adjournment
Moved by Lettang, supported by Zachary to adjourn.
Ayes: All
Nays: None
Motion carried.
The meeting adjourned at 8:25 am
KQ
LDFA Business
Sterling Heights, Michigan
11/17/15
AGENDA STATEMENT
OMB AS03 Rev. 11/04
Item Title: To approve the Lease Agreement Renewal between Coliant Corporation and
the Local Development Finance Authority (LDFA).
Submitted By: Kathryn Quell, Building Services Specialist
Executive Summary
Attached for LDFA review is a December 1, 2015 thru November 30, 2016 Lease Agreement
Renewal between Coliant Corporation and the Local Development Finance Authority (LDFA)
for space #2-E consisting of approximately 907 square feet at a rate of $756.00/month.
Suggested Action:
MOVED BY: SECONDED BY:
RESOLVED: to approve the Lease Agreement Renewal between Coliant Corporation and
the Local Development Finance Authority (LDFA).
LDFA Business
Sterling Heights, Michigan
11/17/15
AGENDA STATEMENT
OMB AS03 Rev. 11/04
Item Title: To approve the Lease Agreement Renewal between Coliant Corporation and
the Local Development Finance Authority (LDFA).
Submitted By: Kathryn Quell, Building Services Specialist
Executive Summary
Attached for LDFA review is a December 1, 2015 thru November 30, 2016 Lease Agreement
Renewal between Coliant Corporation and the Local Development Finance Authority (LDFA)
for space #2-H consisting of approximately 845 square feet at a rate of $630.00/month.
Suggested Action:
MOVED BY: SECONDED BY:
RESOLVED: to approve the Lease Agreement Renewal between Coliant Corporation and
the Local Development Finance Authority (LDFA).
LDFA Business
Sterling Heights, Michigan
11/17/15
AGENDA STATEMENT
OMB AS03 Rev. 11/04
Item Title: To approve the Lease Agreement Renewal between The Metiss Group and
the Local Development Finance Authority (LDFA).
Submitted By: Kathryn Quell, Building Services Specialist
Executive Summary
Attached for LDFA review is a December 1, 2015 thru November 30, 2016 Lease Agreement
Renewal between Coliant Corporation and the Local Development Finance Authority (LDFA)
for space #3-D consisting of approximately 967 square feet at a rate of $806.00/month.
Suggested Action:
MOVED BY: SECONDED BY:
RESOLVED: to approve the Lease Agreement Renewal between The Metiss Group and
the Local Development Finance Authority (LDFA).
LDFA Business
Sterling Heights, Michigan
11/17/15
AGENDA STATEMENT
OMB AS03 Rev. 11/04
Item Title: To approve the Lease Agreement between Foodjunky and the Local
Development Finance Authority (LDFA).
Submitted By: Kathryn Quell, Building Services Specialist
Executive Summary
Attached for LDFA review is a November 1, 2015 thru October 31, 2016 Lease Agreement
between Foodjunky and the Local Development Finance Authority (LDFA) for space #2-K
consisting of approximately 54 square feet at a rate of $0.00/month. Foodjunky won second
place at the Macomb Pitch Competition and received a one-year cubicle lease as part of the prize
package.
Suggested Action:
MOVED BY: SECONDED BY:
RESOLVED: to approve the Lease Agreement between Foodjunky and the Local
Development Finance Authority (LDFA).
LDFA Business
Sterling Heights, Michigan
11/17/15
AGENDA STATEMENT
OMB AS03 Rev. 11/04
Item Title: To approve the Lease Agreement between VizBe and the Local Development
Finance Authority (LDFA).
Submitted By: Kathryn Quell, Building Services Specialist
Executive Summary
Attached for LDFA review is a November 1, 2015 thru April 30, 2016 Lease Agreement
between VizBe and the Local Development Finance Authority (LDFA) for space #2-K
consisting of approximately 54 square feet at a rate of $0.00/month. VizBe won third place at
the Macomb Pitch Competition and received a six-month cubicle lease as part of the prize
package.
Suggested Action:
MOVED BY: SECONDED BY:
RESOLVED: to approve the Lease Agreement between VizBe and the Local Development
Finance Authority (LDFA).
LDFA Business
Sterling Heights, Michigan
11/17/15
AGENDA STATEMENT
OMB AS03 Rev. 11/04
Item Title: To approve the renewal insurance premium between the Michigan
Municipal Risk Management Authority and the Local Development Finance
Authority (LDFA).
Submitted By: Kathryn Quell, Building Services Specialist, Velocity
Executive Summary
Attached for LDFA review is a December 15, 2015 thru December 15, 2016 renewal insurance
premium. Note the cost is $13,942, however the LDFA is recovering $3412 back in Net Asset
Distributions and Loss Fund Distributions, for a net cost of $10,530.
Suggested Action:
MOVED BY: SECONDED BY:
RESOLVED: to approve the renewal insurance premium between the Michigan
Municipal Risk Management Authority and the Local Development
Finance Authority (LDFA).
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