Local Development Finance Authority

CITY OF STERLING HEIGHTS Regular Meeting of the LOCAL DEVELOPMENT FINANCE AUTHORITY 40555 UTICA ROAD 586-884-9322 CITY COUNCIL CHAMBERS August 15, 2017 8:00 AM MEETING CALLED TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL APPROVAL OF AGENDA APPROVAL OF MINUTES OF June 21, 2017 Special Meeting NEW BUSINESS 1. To approve the Lease Agreement between Electronic Systems and Software (ES&S) and the Local Development Finance Authority (LDFA) for space #3-J. 2. To approve the Renewal Month-to-Month Lease Agreement between The County of Macomb through the Macomb County Department of Planning and Economic Development (“MCPED”) and the Local Development Finance Authority (LDFA). 3. Presentation and update on the operations of the Macomb OU-INCubator. OLD BUSINESS PUBLIC COMMENT ADJOURNMENT  CITY OF STERLING HEIGHTS LOCAL DEVELOPMENT FINANCE AUTHORITY Approved MINUTES OF THE SPECIAL MEETING June 21, 2017 – 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: Lori Doughty, Ellanore Evans, Phillip Hunsberger, Laurel Johnson, John Lettang, Steve Pomaville, Jill Tomyn, Orest Zachary Corey Venetis joined meeting in progress. Members absent: David Corba, Stephanie Eagen, Richard Kincaid, Fred Molnar, Camille Silda Also in attendance: Larry Herriman, Interim Executive Director – Macomb OU-Incubator; Luke Bonner, Economic Development Consultant – City of Sterling Heights, Valerie Knol, State/Government Relations – FCA; Stacey Weston, Controller – Sequris Group; Jim Powers – Sequris Group; Kathryn Quell, Management Services Specialist – City of Sterling Heights Motion to Approve the Agenda Moved by Lettang, supported by Zachary, to approve the agenda as presented. Ayes: All Nays: None Motion carried. Motion to Approve the Minutes of April 24, 2017 Special Meeting Moved by Lettang, supported by Zachary, to approve the minutes as presented. Ayes: All Nays: None Motion carried. New Business To approve the Reimbursement request from FCA for the demolition of the SHAP old Waste Water Treatment Plant per the LDFA Reimbursement Agreement and grant reimbursement of funds. Mr. Bonner presented that $900,000 was set aside per the Reimbursement Agreement between the LDFA and FCA. Included in the scope of eligible acts was the storm water sanitary sewer improvements. Eligible costs were submitted by FCA on 6/5/17 in the amount of $461,813.00. Per the agreement, FCA was to provide itemized activities, scope of work, photos of before and after, a statement of account, waiver of lein, and confirmation of payment to Adamo. Both the Finance department of the City of Sterling Heights and the city auditor, Plante and Moran, approve the payment request. Mr. Lettang inquired if there is written documentation of Plante and Moran’s support. Mr. Bonner responded that no, it was verbal. Ms. Knol thanked the LDFA on behalf of FCA and expressed the positive relationship between FCA and the City of Sterling Heights. Moved by Lettang, supported by Zachary to approve the Reimbursement request from FCA for the demolition of the SHAP old Waste Water Treatment Plant per the LDFA Reimbursement Agreement and grant reimbursement of funds. Ayes: All Nays: None Motion carried. To approve the renewal Lease Agreement between Mango Tree Capital, LLC and the Local Development Finance Authority (LDFA). Mango Tree Capital, LLC is renewing space #2-C consisting of approximately 593 square feet at a rate of $563.83/month. The renewal period is 6/1/17 through 5/31/18. Moved by Zachary, supported by Pomaville to approve the renewal Lease Agreement between Mango Tree Capital, LLC and the Local Development Finance Authority (LDFA). Ayes: All Nays: None Motion carried. To approve three Lease Agreements between Sequris Group and the Local Development Finance Authority (LDFA). Ms. Weston presented to the board a summarization of Sequris Group regarding the nature of their business and growth plans. Sequris Group will be leasing spaces: #2-D consisting of 868 square feet at a rate of $1266.00/month; #2-E consisting of 907 square feet at a rate of $1323.00/month; and #2-F consisting of 824 square feet at a rate of $1202.00/month. Moved by Zachary, supported by Evans to approve three Lease Agreements between Sequris Group 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. Motion to approve landscaping improvements and award bid to Visionary Landscaping for Velocity. Ms. Quell presented bids regarding landscaping for the front of Velocity and the island areas. Moved by Zachary, supported by Doughty to approve landscaping improvements and award bid to Visionary Landscaping for Velocity. Ayes: All Nays: None Motion carried. Old Business Board Members Report Public Comment None Adjournment Moved by Lettang, supported by Zachary to adjourn. Ayes: All Nays: None Motion carried. The meeting adjourned at 8:47 am. Kq Minutes Approved 7/18/2017 John Lettang Secretary  LDFA Business Sterling Heights, Michigan 8/15/17 AGENDA STATEMENT OMB AS03 Rev. 11/04 Item Title: To approve the Lease Agreement between Electronic Systems & Software (ES&S) and the Local Development Finance Authority (LDFA). Submitted By: Kathryn Quell, Building Services Specialist Executive Summary Attached for LDFA review is the Lease Agreement between Electronic Systems and Software (ES&S) and the Local Development Finance Authority (LDFA) for space #3-J consisting of 810 square feet at a rate of $1181.00/month. Suggested Action: MOVED BY: SECONDED BY: RESOLVED: to approve the Lease Agreement between Electronic Systems and Software and the Local Development Finance Authority (LDFA).  LDFA Business Sterling Heights, Michigan 8/15/17 AGENDA STATEMENT OMB AS03 Rev. 11/04 Item Title: To approve the Renewal Month-to-Month Lease Agreement between The County of Macomb through the Macomb County Department of Planning and Economic Development (“MCPED”) and the Local Development Finance Authority (LDFA). Submitted By: Kathryn Quell, Building Services Specialist Executive Summary Attached for LDFA review is the Renewal Month-to-Month Lease Agreement between The County of Macomb through the Macomb County Department of Planning and Economic Development (“MCPED”) and the Local Development Finance Authority (LDFA) for space #1- E consisting of 370 square feet at a rate of $500.00/month. Suggested Action: MOVED BY: SECONDED BY: RESOLVED: to approve the Renewal Month-to-Month Lease Agreement between The County of Macomb through the Macomb County Department of Planning and Economic Development (“MCPED”) and the Local Development Finance Authority (LDFA).