HomeMy WebLinkAboutMinutes - 153rd-October 1, 2007 signedTHE 153rd SPECIAL MEETING OF THE
ECONOMIC DEVELOPMENT CORPORATION OF LIVONIA
The 153rd Special Meeting of the Economic Development Corporation of Livonia
was called to order by Mr. Gerald Taylor, Chairman, at 5:00 p.m. on October 1,
2007, in the Third Floor Conference Room, 33000 Civic Center Drive, Livonia,
Michigan.
Directors present:
Directors absent:
Others present:
Gerald Taylor, Chairman
Kenneth Hale, Vice Chairman
Richard Hayward, Secretary
Charlotte Mahoney, Treasurer
Richard Gallagher
Angelo Plakas
Mark Taormina, Executive Director
Jeff Bryant, Economic Development Director
Tom Colis, Esq., Miller, Canfield, Paddock, Stone, PLC
Carl Creighton, Esq., Brasher Tangora, PLC
Leonard A. Wilhelm, Madonna University
Ms. Marge Watson, Recording Secretary
1. Roll call of members.
2. Adoption of the Minutes of the 152nd Special Meeting held by the
Economic Development Corporation on October 19, 2006.
On a motion made by Hale, seconded by Mahoney, and unanimously
adopted, it was
#2007-62 RESOLVED, that the Minutes of the 152nd Special Meeting held
by the Economic Development Corporation on October 19,
2006, are hereby approved.
Mr. Taylor, Chairman, declared the resolution adopted.
3. Treasurer's Report for the period ending November 30, 2006. Treasurer
Mahoney reported that the current fund balance is $2,551.59.
On a motion made by Gallagher, seconded by Mahoney, and unanimously
adopted, it was
#2007-63 RESOLVED, that the Economic Development Corporation
Treasurer's Report for the period ending November 30, 2006, is
approved.
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Mr. Taylor, Chairman, declared the resolution adopted.
4. Reinstatement of Salaries for the Economic Development Corporation
members and staff. Due to the current activity of the Board and anticipated
new projects, it was suggested that the fee in the amount of $50.00 per
member per meeting be reinstated.
On a motion duly made by Gallagher, supported by Mahoney, and
unanimously adopted, it was
#2007-64 RESOLVED, that the salaries and wages for officers serving on
the Economic Development Corporation Board in the amount of
$50.00 per officer per meeting are hereby reinstated effective
with 153rd Special Meeting held on October 1, 2007.
Mr. Taylor, Chairman, declared the resolution adopted.
5. Election of Officers. It was determined that the officers remain in their
present positions.
On a motion duly made by Gallagher, supported by Hale, and unanimously
adopted, it was
#2007-65 RESOLVED, that the officers currently serving on the Economic
Development Corporation Board remain in their current
positions for the year 2007 as follows:
Gerald Taylor, Chairman
Kenneth Hale, Vice Chairman
Richard Hayward, Secretary
Charlotte Mahoney, Treasurer
Mr. Taylor, Chairman, declared the resolution adopted.
Currently there are three vacancies on the EDC Board. The Mayor
concurred with the Board's suggestion that Jeff Bryant, Economic
Development Director, be appointed to the Board.
6. Election of Additional Project Directors. Marshall Kleven, Dave Varga,
Mara Bloink and John Hiltz were suggested as possible additional directors
for the Madonna University project. The Mayor agreed to prepare a letter to
City Council requesting confirmation of the appointments to be considered
at their Study Meeting of October 15.
On a motion duly made by Mahoney, supported by Gallagher, and
unanimously adopted, it was
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#2007-66 RESOLVED, that an invitation be extended to Marshall Kleven
and Dave Varga to serve as Special Project Directors on the
Economic Development Corporation Board for the Madonna
University project; further, that in the event one or both are
unable to serve, that invitations be extended to Mara Bloink
and/or John Hiltz.
Mr. Taylor, Chairman, declared the resolution adopted.
7. Madonna University Project. Leonard Wilhelm, Vice President of Finance
and Operations, Madonna University, presented the plans for the
construction of a new Science and Media building. Madonna University is
seeking assistance from the EDC for funding this project. The total project
cost is estimated to be $33 million, of which $20 million will be financed
through the issuance of bonds through the EDC. Tom Colis of Miller,
Canfield, Paddock & Stone, legal counsel for the EDC explained the
purpose of the bond and the timing process for the requisite EDC and City
Council meetings to approve the project and bonds. Ground breaking
ceremonies are scheduled to take place Tuesday, October 2, 2007.
On a motion duly made by Mahoney, supported by Hayward, and
unanimously adopted, it was
#2007-67 RESOLVED, that the Economic Development Corporation of
Livonia does hereby determine to approve the Resolution of
Inducement, Determination of Proposed Project Area, Project
District Area and Retention of Bond Counsel for the construction
of a new Science and Media building at Madonna University, of
which the total cost of the project is estimated to be $33.5
million, of which $20 million will be financed through the issues
of bonds through the Economic Development Corporation.
Mr. Taylor, Chairman, declared the resolution adopted.
8. Meeting Schedule. Meetings will be held on Monday, October 29, 2007,
and Thursday, December 6, 2007, for the purpose of adopting resolutions to
approve the project plan and bond authorization. The meetings will be held
at 5:00 p.m. in the 4tn Floor Conference Room at City Hall.
9. On a motion duly made and seconded, the 153rd Special Meeting held by
the Economic Development Corporation of Livonia was adjourned at 5:50
p.m.
Respectfully submitted,
Richard Hayward, ,rretary
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