Local Development Finance Authority

CITY OF STERLING HEIGHTS LOCAL DEVELOPMENT FINANCE AUTHORITY Approved MINUTES OF THE REGULAR MEETING June 21, 2022 – 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 8:00 a.m. Pledge of Allegiance Members present at roll call: Josephine Attisha, Dr. Michael Balsamo, Bill Holbrook, Phil Hunsberger, Laurel Johnson, Dominic Patrus, Steve Pomaville, Jeanne Schabath-Lewis, Howard Sizemore, Jill Tomyn Members absent: Ellanore Evans, Josh Hundt, John Lettang, Camille Silda 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; April Boyle, Senior Advisor for Entrepreneurship and Innovation; Becky Davenport - Strategiz Motion to Approve the Agenda Moved by Balsamo, supported by Pomaville, to approve the agenda as presented. Ayes: All Nays: None Motion carried. Motion to Approve the CONSENT AGENDA as presented Moved by Patrus, supported by Schabath-Lewis, to approve the Consent Agenda as presented. A. To approve the minutes of the Regular Meeting of April 19, 2022. B. To approve a budget of $11,000 for Tedesco Building Services (42752 Mound Rad, Sterling Heights, MI 48314) – Cleaning Services for the 2021/22 fiscal year. C. To approve a budget of $10,527.00 for BCN Telecom (5000 T-Rex Ave, Boca Raton, FL 33431) – Internet/Phone service for Velocity 2021/22 fiscal year. D. To approve the proposal by Nordicom Technologies (43155 Main Street, Suite 2208, Novi, MI 48375) for Managed Infrastructure of Velocity in the amount of $36,000 for fiscal year 2022/23. E. To approve a 2022/23 Budget Amendment to reallocate approved funding and a Budget increase of $11,000. Ayes: All Nays: None Motion carried. New Business To approve the Velocity Center Strategic Plan. Ms. Davenport and Ms. Boyle presented the Velocity Center Strategic Plan to the LDFA Board for adoption. Moved by Pomaville, supported by Patrus, to adopt the Velocity Center Strategic Plan. Ayes: All Nays: None Motion carried. To approve Strategiz Phase 2 Contract in the amount of $9,000. Ms. Boyle presented to the Strategiz Phase 2 Contract to the LDFA Board. The scope of work is to continue developing the infrastructure of Velocity in accordance with the Velocity Center Strategic Plan. Moved by Johnson, supported by Schabath-Lewis to approve the Strategiz Phase 2 Contract in the amount of $9,000. Ayes: All Nays: None Motion carried. Old Business Public Comment None Adjournment Moved by Balsamo, supported by Patrus to adjourn. Ayes: All Nays: None Motion carried. The meeting adjourned at 8:52am