Local Development Finance Authority

CITY OF STERLING HEIGHTS Special Meeting of the LOCAL DEVELOPMENT FINANCE AUTHORITY May 14, 2021 8:00 AM The LDFA is conducting its meeting on May 14, 2021 by telephone conference in accordance with Gov. Gretchen Whitmer’s Executive Order No. 2020-75. This notice is required by Executive Order No. 2020-15 to ensure that those wishing to participate in this meeting have the opportunity to do so. This meeting will take place at 8:00 a.m., on May 14, 2021 by Zoom videoconference and teleconference. To access the meeting, members of the public must dial in using the following telephone conference number: Dial In: _1-929-205-6099________ . When prompted, enter the following Meeting ID Number: __958 4758 8387___________ and passcode 901155. All pubic participants wishing to participate by telephone will be placed on hold in a virtual “waiting room” until the meeting starts (8:00 a.m.). All members of the public will be muted during the business portion of the meeting. Those wishing to participate in Public Comment will then be recognized by the Chair and asked whether that person has a comment at that time. When prompted, you should indicate your desire to address the LDFA Board and be recognized by the Chair. Please be advised that there could be delays based on the number of calls received. Members of the public will be afforded three (3) minutes each to address the LDFA Board under Public Comment. The Chair, with LDFA Board approval, may shorten this time in order to provide all members of the public a reasonable opportunity to speak. As always, residents are encouraged to email any questions they may have on any agenda item to the LDFA at cityhall@sterling-heights.net. MEETING CALLED TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL APPROVAL OF AGENDA CONSENT AGENDA A. February 16, 2021 Regular Meeting Minutes  B. To accept the proposal by ISCG, Inc (612 North Main, Royal Oak MI 48067) for the remodel of Velocity in the amount of $274,998.00. The proposals are as follows: #116061 – Transistions Drapery $6454.89 #116060 – Lighting/Electrical $66,811.80 #116170 – Furniture $32,908.04 #116168 – Tile/Countertops $45,551.84 #116000 – Flooring $42,468.63 #115998 – Paint/Wallcovering $77,553.97 Whittock Supply – Plumbing $3248.68 All pricing is in accordance with the Michigan MIDeal co-op pricing contract. C. To approve the Shared Workspace Lease Agreement between Steven Lintz and the Local Development Finance Authority (LDFA). The Agreement is month-to- month at a rate of $100/month. D. To approve the Shared Workspace Lease Agreement between Mark Winters and the Local Development Finance Authority (LDFA). The Agreement is month-to- month at a rate of $100/month. NEW BUSINESS 1. Update – Alchemist Ventures OLD BUSINESS PUBLIC COMMENT ADJOURNMENT The LDFA will provide necessary reasonable auxiliary aids and services to individuals with disabilities at the meeting upon 7 days notice to Community Relations Department at 446-CITY.  CITY OF STERLING HEIGHTS LOCAL DEVELOPMENT FINANCE AUTHORITY Draft MINUTES OF THE REGULAR MEETING February 16, 2021 – 8:00 a.m. 6633 18 Mile Road, Sterling Heights, MI 48314 586-884-9322 VideoConference and TeleConference Phil Hunsberger called the meeting to order at 8:04 a.m. Pledge of Allegiance Members present at roll call: Bill Holbrook, Phil Hunsberger, Elise Johnson, Laurel Johnson, Steve Pomaville, Camille Silda, Howard Sizemore, Jill Tomyn Members absent: Ellanore Evans, Josh Hundt, John Lettang, Robert Ljucovic, Dominic Patrus, Jeanne Schabath-Lewis 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; Brent Bashaw, City Engineer – City of Sterling Heights; Alchemist Ventures – Patrick Wearn, Patricia Lopez, Tyler Sweatt; Dr. Michael Balsamo, Dean of Business, IT, and Culinary – Macomb Community College Motion to Approve the Agenda Moved by Silda, supported by L. Johnson, to approve the agenda as presented. Ayes: All Nays: None Motion carried. Motion to Approve the CONSENT AGENDA as presented Moved by Pomaville, supported by Silda, to approve the Consent Agenda as presented. A. To approve the minutes of the Special Meeting of December 17, 2020. B. To approve the proposal by Complete Kitchen Design, LLC (33827 Harper Ave, Clinton Township, MI 48035) for the remodel of the men’s and women’s restrooms in the Collaboration Center in an amount not to exceed $25,000.00. C. To approve the Shared Workspace Lease Agreement between Michael Melling and the Local Development Finance Authority (LDFA). The Agreement is month-to-month at a rate of $100/month. D. To approve the International Landing Zone (ILZ) Lease Agreement between Dumur USA, a wholly owned subsidiary of Dumur Industries and the Local Development Finance Authority (LDFA).  E. To approve the Lease Agreement between the Michigan Economic Development Corporation (MEDC) and the Local Development Finance Authority (LDFA). Ayes: All Nays: None Motion carried. New Business To approve the final payment in the amount of $25,919.88, plus interest on retainage, for the Sterling Drive Industrial Subdivision Sectional concrete Repairs, City Project #18-317. Mr. Bashaw, City Engineer, stated that the project was initially approved at the July 1, 2018 LDFA meeting for a contract with Galui Construction, Inc. in the amount of $517,249.00. The project is completed with a final contract price of $517,159.88. Moved by Tomyn, supported by L. Johnson to approve the final payment in the amount of $25,919.88, plus interest on retainage, for the Sterling Drive Industrial Subdivision Sectional Concrete Repairs, City Project #18-317. Ayes: All Nays: None Motion carried. To approve the 2021/2022 Budget Proposal for the Local Development Finance Authority (LDFA). Ms. Quell presented the proposed 2021/2022 Budget, with supporting documentation, and explained each line item in detail for the Local Development Finance Authority. This proposal will be presented and approved by City Council and then presented to the LDFA in June for adoption. Moved by Pomaville, supported by Silda, to approve the 2021/2022 Budget Proposal for the Local Development Finance Authority (LDFA). Ayes: All Nays: None Motion carried. Update – Alchemist Ventures Developing a list of potential tenants. Discussions on aligning the partnerships with the college Starting within the Velocity Building and working with the existing tenants to assist with their businesses 3/2 – Manufacturers Engage – virtual event providing perspectives from the drivers of the manufacturing industry. Insite into what the future looks like. 36 attendees signed up. Tech Tuesdays – developing a regular program held outdoors. For a fee companies can have a booth to demo their technology Mr. Hunsberger inquired if the cyber classes have started. Mr. Wearn responded that Alchemist Ventures is not quite ready to discuss that program. Mr. Wearn stated that Alchemist Ventures has a vision involving egaming. GrowBig classes – virtual classes for growing business development skills. Purchased 15 licenses to give to 15 participants. 1 ½ every Tuesday for a year. Mr. Pomaville requested the LDFA Board receive the Alchemist Ventures contract with the LDFA. Old Business Public Comment None Adjournment Moved by Pomaville, supported by L. Johnson to adjourn. Ayes: All Nays: None Motion carried. The meeting adjourned at 8:37 am. Kq