Local Development Finance Authority

CITY OF STERLING HEIGHTS LOCAL DEVELOPMENT FINANCE AUTHORITY Approved MINUTES OF THE REGULAR MEETING JUNE 20, 2023 – 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 7:59 a.m. Pledge of Allegiance Members present at roll call: Josephine Attisha, Dr. Michael Balsamo, Geoffrey Clark, Phil Hunsberger, Laurel Johnson, Vickie Malinowski, Steve Pomaville, Vicky Rowinski, Howard Sizemore Members absent: Susan Andrzejewski, Ellanore Evans, Dominic Patrus, Amy Rencher, Jeanne Schabath-Lewis Also in attendance: Kathryn Quell, Management Services Specialist – City of Sterling Heights; Jason Castor, City Development Director – City of Sterling Heights; Luke Bonner, Senior Economic Development Advisor - CEO Bonner Advisory Group; April Boyle, Senior Advisor for Entrepreneurship and Innovation Motion to Approve the Agenda Moved by Johnson, supported by Balsamo, 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 Rowinski, to approve the Consent Agenda as presented. A. To approve the minutes of the Special Meeting of May 18, 2023. B. To approve the proposal by Clinton Valley Products, LLC (19015 E. 14 Mile Road, Clinton Township, MI 48035) for glass work in the amount of $15,300.00 C. To approve a budget amendment to allocate $25,000 for City of Sterling Heights Facilities Maintenance support of the Velocity Building. Ayes: All Nays: None Motion carried. New Business Update – Luke Bonner, Senior Economic Development Advisor – CEO Bonner Advisory Group Mr. Bonner updated the Board regarding sponsorship of the Robotics Hackathon in the amount of $2500. He also provided an update for the branding of the Sterling Innovation District and shared the ad included in Site Selection Magazine, creating more awareness of the branding. Update – April Boyle, Senior Advisor for Entrepreneurship and Innovation Ms. Boyle provided information in regards to recent events and activity since the last LDFA meeting in May. Ms. Boyle had a discusion regarding agenda items and policy. Old Business Public Comment None Adjournment Moved by Johnson, supported by Sizemore to adjourn. Ayes: All Nays: None Motion carried. The meeting adjourned at 8:48am