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Local Development Finance Authority

Regular Meeting

Sterling Heights, MI · May 21, 2019

AgendaMinutes

Minutes

CITY OF STERLING HEIGHTS LOCAL DEVELOPMENT FINANCE AUTHORITY Approved MINUTES OF THE REGULAR MEETING May 21, 2019 – 8:00 a.m. 6633 18 Mile Road, Sterling Heights, MI 48314 586-884-9322 Velocity Building Phil Hunsberger called the meeting to order at 8:05 a.m. Pledge of Allegiance Members present at roll call: David Corba, Ellanore Evans, Phil Hunsberger, Laurel Johnson, Steve Pomaville, Jim Ruma, Camille Silda, Corey Venetis Members absent: Stephanie Eagen, John Lettang, Robert Ljucovic, Fred Molnar, Jill Tomyn, Orest Zachary Also in attendance: Luke Bonner, CEO Bonner Advisory Group, Senior Economic Development Advisor – City of Sterling Heights; Jason Castor, City Development Director – City of Sterling Heights; Kathryn Quell, Management Services Specialist – City of Sterling Heights; Dr. David Stone, Associate Vice President-Research – Oakland University; Larry Herriman, Executive Director – Macomb OU Incubator, Vicky Rad, Director – Macomb County Planning and Economic Development; George Hartmann – George J. Hartmann Architects, PC Motion to Approve the Agenda Moved by Venetis, supported by Ruma, to approve the agenda as presented. Ayes: All Nays: None Motion carried. Motion to Approve the Minutes of April 16, 2019 Regular Meeting Moved by Silda, supported by Johnson, to approve the minutes as presented. Ayes: All Nays: None Motion carried. New Business Presentation of the Macomb Robotics Collaboration and Innovation Center. Ms. Vicky Rad stated that the Macomb Robotics Collaboration and Innovation Center creates a triple purpose: incubation, workshops and linking students to the business community. The Center will be the first after school program for K-12 students. The physical space of the Center will be at Velocity. Approximately 6,000 square feet of the Velocity building will be committed to the Center. The Collaboration Center at Velocity will be the site for testing. A three-year Lease Agreement is being created. The 1st year will be in-kind by the City of Sterling Heights with $0 rent. The 2nd and 3rd years will be in the amount of $90,000/year. In order to accommodate the Center, tenants may be relocated to other suites in the building. Budgetarily we have the ability to absorb the one year in-kind donation from the LDFA city capture. By a supporting letter, the City is covering the cost gap and modifications of renting the space. The Macomb Robotics Collaboration and Innovation Center will tie together Oakland University, Cyber, Students and Businesses and fully utilize the Velocity building. Further updates will continually be presented to the LDFA Board. Moved by Silda, supported by Evans to approve an in-kind donation of a one-year Lease for the Macomb Robotics Collaboration and Innovation Center at Velocity. Ayes: All Nays: None Motion carried. Presentation of Co-Working Space. Mr. Hartmann, President of George J. Hartman Architects, P.C., presented conceptual drawings of the proposed Co-Working Space at Velocity. Based on these conceptual ideas, a more defined layout, along with financial projections, will be presented to the LDFA Board at the next meeting. Old Business Board Members Report Public Comment None Adjournment Moved by Pomaville, supported by Johnson to adjourn. Ayes: All Nays: None Motion carried. The meeting adjourned at 9:19 am. Kq Minutes Approved 9/05/2019 John Lettang Secretary

Agenda

CITY OF STERLING HEIGHTS Regular Meeting of the LOCAL DEVELOPMENT FINANCE AUTHORITY 6633 18 Mile Road, Sterling Heights 586-884-9322 VELOCITY BUILDING May 21, 2019 8:00 AM MEETING CALLED TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL APPROVAL OF AGENDA APPROVAL OF MINUTES OF April 16, 2019 Regular Meeting NEW BUSINESS 1. Presentation of the Macomb Robotics Collaboration and Innovation Center by Vicky Rad, Director, Macomb County Department of Planning and Economic Development. 2. Approval of in-kind donation by City of Sterling Heights for Robotics Collaboration Center at Velocity. 3. Presentation of Co-Working Space by George Hartman, President, George J. Hartman Architects, P.C. OLD BUSINESS PUBLIC COMMENT ADJOURNMENT CITY OF STERLING HEIGHTS LOCAL DEVELOPMENT FINANCE AUTHORITY Draft MINUTES OF THE REGULAR MEETING April 16, 2019 – 8:00 a.m. 6633 18 Mile Road, Sterling Heights, MI 48314 586-884-9322 Velocity Building Phil Hunsberger called the meeting to order at 8:02 a.m. Pledge of Allegiance Members present at roll call: Stephanie Eagen, Ellanore Evans, Phil Hunsberger, Laurel Johnson, John Lettang, Steve Pomaville, Camille Silda, Jill Tomyn, Corey Venetis Members absent: David Corba, Robert Ljucovic, Fred Molnar, Jim Ruma, Orest Zachary Also in attendance: Luke Bonner, CEO Bonner Advisory Group, Senior Economic Development Advisor – City of Sterling Heights; Jason Castor, City Development Director – City of Sterling Heights; Kathryn Quell, Management Services Specialist – City of Sterling Heights; Dr. David Stone, Associate Vice President-Research – Oakland University; Larry Herriman, Executive Director – Macomb OU Incubator Motion to Approve the Agenda Moved by Silda, supported by Evans, to approve the agenda as presented. Ayes: All Nays: None Motion carried. Motion to Approve the Minutes of February 19, 2019 Regular Meeting Moved by Pomaville, supported by Lettang, to approve the minutes as presented. Ayes: All Nays: None Motion carried. New Business To approve the Lease Agreement between STEAMBOX and the Local Development Finance Authority (LDFA). Ms. Quell stated that Mr. Couchman, a current tenant of Velocity, has two companies – STEAMBOX and Live Picture. Due to increased activities in both businesses, Mr. Couchman is requesting to occupy a second suite in the building to separate the two entities. It is requested that the LDFA Board approve a Month-to-Month Lease Agreement commencing on March 15, 2019 for space #2-C consisting of 593 square feet at a rental rate of $650.00/month. Additionally, STEAMBOX will provide 25% of net revenue generated from classes. Moved by Evans, supported by Tomyn to approve the Lease Agreement between STEAMBOX and the Local Development Finance Authority (LDFA). Ayes: All Nays: None Motion carried. To approve the Lease Agreement between Coliant Corporation and the Local Development Finance Authority (LDFA). Ms. Quell stated that Coliant Corporation, a former tenant of Velocity, is still an incubating company and is requesting the LDFA Board approve a Month-to-Month Lease Agreement commencing on May 1, 2019 for space #3-H consisting of 695 square feet at a rental rate of $600.00/month. Moved by Lettang, supported by Venetis to approve the Lease Agreement between Coliant Corporation and the Local Development Finance Authority (LDFA). Ayes: All Nays: None Motion carried. To approve the Lease Agreement between UltraLevel, Inc. and the Local Development Finance Authority (LDFA). Trisha Ballard, CEO of UltraLevel presented that her company provides IT/Data Center Solutions. Also providing the security of networks and Cloudsafe, protecting data systems and providing disaster recovery. UltraLevel is not an incubating company. UltraLevel is requesting LDFA Board approval of a Month-to-Month Lease Agreement commencing on March18, 2019 for space #2-I consisting of 799 square feet at a market rental rate of $1130.00/month. Moved by Venetis, supported by Evans to approve the Lease Agreement between UltraLevel, Inc. and the Local Development Finance Authority (LDFA). Ayes: All Nays: None Motion carried. To approve the Lease Agreement between The County of Macomb through the Macomb County Planning and Economic Development and the Local Development Finance Authority (LDFA). Ms. Quell stated that the Macomb County Department of Planning and Economic Development supports the International Landing Zone at Velocity. The program was suspended and is now being restarted. Macomb County is requesting LDFA approval of a Month-to-Month Lease Agreement commencing on March 14, 2019 for space “Cubicle” consisting of 54 square feet at a rental rate of $250.00/month. Moved by Lettang, supported by Johnson to approve the Lease Agreement between The County of Macomb through the Macomb County Planning and Economic Development and the Local Development Finance Authority (LDFA). Ayes: All Nays: None Motion carried. To approve the Lease Agreement between CBRNergetics USA, Inc. and the Local Development Finance Authority (LDFA). Ms. Quell stated that CBRNergetics USA, Inc. is a tenant of the International Landing Zone (ILZ) through Macomb County Planning and Economic Development. CBRNergetics USA, Inc. works in the defense industry. Approval of a Lease Agreement commencing on March 14, 2019 for $0 is requested. Moved by Venetis, supported by Eagen to approve the Lease Agreement between CBRNergetics USA, Inc. and the Local Development Finance Authority (LDFA). Ayes: All Nays: None Motion carried. Update – Oakland University Dr. David Stone stated that OU has an R & D accelerator program and they are working to help mid size companies to thrive. OU has hired a professor and a student to conduct a study. There are three phases to the study. First phase is interviews with a dozen companies. In depth interviews in regards to their ecosystem, logics of innovation and challenges. The second phase is to develop a longer survey to 100 companies to get a broader understanding of needs and struggles of innovation. Third phase is host a forum to discuss the findings. The outcome is to give strength to companies that are the backbone of manufacturing in the area. Oakland University is anticipating reporting back to the Board mid summer. Mr. Herriman demonstrated the Instagram site that he created: velocity.oakland.university to become more visible and spotlight activities at Velocity. Old Business Board Members Report Public Comment None Adjournment Moved by Venetis, supported by Eagen to adjourn. Ayes: All Nays: None Motion carried. The meeting adjourned at 8:35 am. Kq

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