HomeMy WebLinkAboutMinutes - 150th - March 14, 2005 signedTHE 150"' SPECIAL MEETING OF THE
ECONOMIC DEVELOPMENT CORPORATION OF LIVONIA
The 150th Special Meeting of the Economic Development Corporation of Livonia was
called to order by Mr. Gerald Taylor, Chairman, at 5:10 p.m. on March 14, 2005, in the
Third Floor Conference Room, 33000 Civic Center Drive, Livonia, Michigan.
Directors present:
Mr. Gerald Taylor, Chairman
Mr. Richard Hayward, Secretary
Ms. Charlotte Mahoney, Treasurer
Mr. Richard Gallagher
Directors absent: Mr. Kenneth Hale, Vice Chairman
Mr. Angelo Plakas
Others present:
Mayor Jack Engebretson
Mr. Mark Taormina, Executive Director
Mr. Jeff Bryant, Economic Development Director
Mr. James Andres, Chief Accountant
Ms. Marge Roney, Recording Secretary
1. Roll call of members.
2. The next item on the agenda was the approval of the Minutes of the 149th Special
Meeting held by the Economic Development Corporation on March 3, 2004.
On a motion duly made by Mahoney, seconded by Hayward, and unanimously
adopted, it was
#2005-52 RESOLVED, that the minutes of the 149th Special Meeting held by
the Economic Development Corporation on March 3, 2004, are hereby
approved.
A roll call on the foregoing resolution was taken with the following result:
AYES: Mahoney, Hayward, Gallagher, Taylor
NAYES: None
ABSTAIN: None
ABSENT: Hale, Plakas
Mr. Taylor, Chairman, declared the resolution adopted.
3. The next item on the agenda was the Treasurer's Report for the period ending
November 30, 2004. Treasurer Mahoney reported that the current fund balance is
$2,705.89, revenue income is $14.61 and expenses were $1,500.00. The monthly
charges for accounting fees and printing charges were discussed, and as well as
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closing the two existing bank accounts with the money to be transferred to the
City's bank account. The following resolutions were offered.
On a motion duly made by Gallagher, seconded by Hayward, and unanimously
adopted, it was
#2005-53 RESOLVED, that the Economic Development Corporation
Treasurer's Report for the period ending November 30, 2004, is
approved.
A roll call on the foregoing resolution was taken with the following result:
AYES:
NAYES:
ABSTAIN:
ABSENT:
Gallagher, Hayward, Mahoney, Taylor
None
None
Hale, Plakas
Mr. Taylor, Chairman, declared the resolution adopted.
On a motion duly made by Mahoney, seconded by Gallagher, and unanimously
adopted, it was
#2005-54 RESOLVED, that the Economic Development Corporation does
hereby concur in the recommendation of the Finance Department to
close the two existing bank accounts with Comerica Bank and transfer
the remaining money into the City bank account.
A roll call on the foregoing resolution was taken with the following result:
AYES:
NAYES:
ABSTAIN:
ABSENT:
Mahoney, Gallagher, Hayward, Taylor
None
None
Hale, Plakas
Mr. Taylor, Chairman, declared the resolution adopted.
On a motion duly made by Mahoney, seconded by Gallagher, and unanimously
adopted, it was
#2005-55 RESOLVED, that the Economic Development Corporation does
hereby request that the Finance Department waive the monthly
accounting fee of $50.00 and the monthly printing charge of $25.00
which are currently being assessed effective with the December 1,
2004 fiscal year.
A roll call on the foregoing resolution was taken with the following result:
AYES: Mahoney, Gallagher, Hayward, Taylor
NAYES: None
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ABSTAIN: None
ABSENT: Hale, Plakas
Mr. Taylor, Chairman, declared the resolution adopted.
4. The next item on the agenda was the Election of Officers. Mr. Taylor suggested
that the officers remain in their present positions, and Ms. Mahoney offered a
motion to that effect.
On a motion duly made by Mahoney, supported by Gallagher, and unanimously
adopted, it was
#2005-56 RESOLVED, that the officers currently serving on the Economic
Development Corporation Board remain in their current positions for
the year 2005.
A roll call on the foregoing resolution was taken with the following result:
AYES: Mahoney, Gallagher, Hayward, Taylor
NAYES: None
ABSTAIN: None
ABSENT: Hale, Plakas
Mr. Taylor, Chairman, declared the resolution adopted.
5. Open Discussion. Mr. Taormina stated that although there are no pending projects,
the Economic Development Corporation could serve in other capacities as is
permitted under the EDC Act. It was questioned if the EDC could assume the
functions of a Brownfield Development Authority, but the services of Wayne
County are currently used for brownfield developments within the City. The EDC
web site provides information regarding its mission and describes the financing
opportunities available for qualified businesses.
6. On a motion duly made and seconded, the 150E Special Meeting held by the
Economic Development Corporation of Livonia was adjourned at 5:45 p.m.
Res iectfully submitted,
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Richard Hayward, Seer