Local Development Finance Authority

CITY OF STERLING HEIGHTS LOCAL DEVELOPMENT FINANCE AUTHORITY Approved MINUTES OF THE SPECIAL MEETING August 30, 2016 – 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 8:02 a.m. Pledge of Allegiance Members present at roll call: David Corba, Stephanie Eagen, Ellanore Evans, Phillip Hunsberger, Laurel Johnson, Richard Kincaid, John Lamerato, Camille Silda Members absent: Lori Doughty, John Lettang, Victor Martin, Fred Molnar, Jill Tomyn, Orest Zachary Also in attendance: Denice Gerstenberg, City Development Director – City of Sterling Heights; Larry Herriman, Interim Executive Director – Macomb OU-INCubator; Joan Carleton, Marketing & Communications Manager – Macomb OU-INCubator; Mark Ignash, Client Support Administrator and Strategist – Macomb OU-INCubator; Kathryn Quell, Building Services Specialist – City of Sterling Heights; Luke Bonner, Senior Economic Development Advisor – City of Sterling Heights Motion to Approve the Agenda Moved by Silda, supported by Kincaid, to approve the agenda as presented. Ayes: All Nays: None Motion carried. Motion to Approve the Minutes of June 15, 2016 Special Meeting Moved by Lamerato, supported by Kincaid, to approve the minutes as presented. Ayes: All Nays: None Motion carried. New Business To accept the Proposal from Hubbell, Roth and Clark, Inc. for Construction Plans & Engineering Services for Signage & Intersection Improvements within the LDFA/Smartzone District. Ms. Gerstenberg provided a summary of the presentation of June 15, 2016 and scope of work contracted with Hubbell, Roth and Clark regarding signage and intersection improvements. The LDFA captures TIF money to be used for improvements to the corridor. Some of the money allocated to BAE was not used and that unused money has been reallocated to the LDFA. The City of Sterling Heights is moving forward to evaluate the corridor with the work and bids from Hubbell, Roth and Clark. It is anticipated that the work will commence in the spring of 2017. To approve the Lease Termination Agreements between Coliant Corporation and the Local Development Finance Authority (LDFA) for spaces #2-E and #2-F. Coliant Corporation has graduated from the Macomb OU-INCubator and is now leasing a building in Sterling Heights to continue their business endeavor. The City is releasing Coliant from their lease obligations for space #2-E and #2-F. Moved by Kincaid, supported by Lamerato to approve the Lease Termination Agreements between Coliant Corporation and the Local Development Finance Authority (LDFA) for spaces #2-E and #2-F. Ayes: All Nays: None Motion carried. To approve the Lease Agreement between SAPA Transmissions and the Local Development Finance Authority (LDFA). Ms. Quell stated that SAPA Transmissions is the oldest defense company established in Spain. SAPA began its activities in the armoured vehicle transmission industry. SAPA has developed and manufactured an upgrade kit to increase input power in armoured vehicles. The transmission performance has been tested according to Spanish requirements and is now in production. SAPA is currently working with the U.S. army and General Dynamics. Moved by Silda, supported by Lamerato to approve the Lease Agreement between SAPA Transmissions and the Local Development Finance Authority (LDFA). Ayes: All Nays: None Motion carried. Presentation and update on the operations of the Macomb-OU INCubator. Mr. Herriman presented a review and updates on the operations of the Macomb-OU INCubator. He then introduced Joan Carleton, Marketing and Communications Manager, who presented on clients, an onsite client that graduated from the Macomb-OU INCubator, and her marketing initiatives to promote and assist clients and programs. Old Business Board Members Report Public Comment None Adjournment Moved by Eagen, supported by Kincaid to adjourn. Ayes: All Nays: None Motion carried. The meeting adjourned at 8:50 am. Kq Minutes Approved 11/15/2016 John Lettang Secretary