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HomeMy WebLinkAboutMinutes - 1st - June 21, 1979 signed1 MINUTES OF THE FIRST ORGANIZATIONAL MEETING OF THE ECONOMIC DEVRTOPMENT CORPORATION OF THE CITY OF LIVONIA, MICHIGAN The first Meeting of the Economic Development Corporation of the City of Livonia, Michigan, was called to order at approximately 7:10 P. M., E.D.S., Thursday, June 21, 1979, at the City Hall, 33001 Five Mile Road, Livonia, Michigan, Mr. Peter Ventura, presiding as Acting Chairman. Directors Present: Mr. Addison W. Bacon Mr. Frank Hand Mr. Alan C. Helmkamp Mr. Robert Jankowski Ms. Helen Kavanaugh Mr. William P. Scruggs Mr. Stanley Telman Mr. Peter A.Ventura Directors Absent: Mr. Ronald Mardiros Others Present: Mr. Davis Olmstead, Miller, Canfield, Paddock & Stone Mr. Ryan, Miller, Canfield, Paddock & Stone Mr. Robert E. Pringle, Topeka Inn Management, Inc. Mr. Hobson, Topeka, Kansas. On a motion by Mr. Hand, supported by Mr. Bacon, it was #79-1 RESOLVED, that having considered the Corporate By -Laws, said By -Laws are hereby approved and adopted. A roll call vote was taken on the foregoing resolution with the following result: AYES: Hand, Helmkamp, Jankowski, Kavanaugh, Scruggs, Ventura, !Tolman and Bacon. NAYS: None. The Chairman called for the election of Officers for the ensuing year and opened the floor for nominations. Mr. Bacon placed the name of Mr. Telman for Chairman. Mr. Telman declined to accept the nomination, and asked that his name be withdrawn. Mr. Bacon then placed the name of Mr. Scruggs for Chairman. Mr. Scruggs declined to accept the nomination, and asked that his name be withdrawn. Mr. Bacon then placed the name of Mr. Helmkamp for Chairman. Mr. Scruggs placed the name of Mr. Hand for Chairman. The Chairman declared nominations closed and called for a vote for the Office of Chairman and requested that Ms. Kavanaugh act as teller and canvas the ballots. The teller announced the results as follows: Mr. Hand - 5 votes. Mr. Helmkamp - 3 votes. 2 The Chairman declared Mr. Hand elected Chairman, and turned the gavel over to the newly elected Chairman, who presided over the balance of the Meeting. The Chairman called for nominations for the office of Treasurer. Mr. Bacon placed the name of Ms. Kavanaugh for Treasurer. Mr. Ventura placed the name of Mr. Scurggs for Treasurer. There being no other nominations, the Chairman declared the nominations closed and called for the vote for the Office of Treasurer that Mr. Telman be the Teller and canvas the ballots. The teller announced the results as follows: Mr. Scruggs - 5 votes. Ms. Kavanaugh - 3 votes. The Chairman declared Mr. Scruggs elected Treasurer. The Chairman called for nominations for the Office of Secretary. Mr. Helmkamp placed the name of Mr. Bacon for Secretary. Mr. Ventura placed the name of Ms. Kavanaugh for Secretary. There being no further nominations, the Chairman declared nominations closed, and called for the vote for the Office of Secretary, and that Mr. Jankowski be the teller and canvas the vote. The teller announced the results as follows: Mr. Bacon - 7 votes. Ms. Kavanaugh - 1 vote. The Chairman declared Mr. Bacon elected Secretary. On a motion by Mr. Bacon, supported by Mr. Telman, it was #79-2 RESOLVED, that each Director shall receive and be reimbursed, a sum of $25.00 as a minimum expense for attendance at a Regular or Special Meeting and actual expenses, not to exceed $50.00 per diem in the perform- ance of their official duties. A roll call vote was taken on the foregoing resolution with the following result: AYES: Bacon, Hand, Jankowski, Kavanaugh, Scruggs and Telman. NAYS: Helmkamp and Ventura. 3 0n a motion by Mr. Ventura, supported by Mr. Scruggs, it was #79-3 RESOLVED, that the Manufacturer's National Bank of Livonia is hereby designated as the official depository for the Corporation's General Fund Account. A roll call vote was taken on the foregoing resolution with the following result: AYES: Helmkamp, Jankowski, Kavanaugh, Scruggs, Telman, Ventura, Bacon and Hand. NAYS: None. 0n a motion by Mr. Bacon, supported by Ms. Kavanaugh, it was #79-4 RESOLVED, that pursuant to Article IV, Section 2 of the By -Laws, the Board hereby authorizes that all Checks, Drafts, etc., of the Corpora- tion shall bear the signature of the Treasurer and countersigned by the Chairman. A roll call vote was taken on the foregoing resolution with the following result: AYES: Helmkamp, Jankowski, Kavanaugh, Scruggs, Telman, Ventura, Bacon and Hand. NAYS: None. 0n a motion by Mr. Bacon, supported by Mr. Telman, it was 479-5 RESOLVED, that the Secretary was directed to arrange to provide a Corporate Seal as required by Article IV, Section 1 of the By -Laws. A roll call vote was taken on the foregoing resolution with the following result: AYES: Helmkamp, Jankowski, Kavanaugh, Scruggs, Telman, Ventura, Bacon and Hand. NAYS: None. On a motion by Mr #79-6 RESOLVED, and end November Laws. . Bacon, supported by Councilman Scruggs, it was that the Corporate Fiscal Year shall begin December 1, 30, of each year as provided for in Article V of the By - A roll call vote was taken on the foregoing resolution with the following result: AYES: Helmkamp, Jankowski, Kavanaugh, Scruggs, Telman, Ventura, Bacon and Hand. NAYS: None. On a motion by Mr. Helmkamp, supported by Mr. Ventura, it was #79-7 RESOLVED, that the Annual Meeting of the Corporation shall be the third Thursday of June, at which time, Officers for the ensuing year shall be elected. 4 A roll call vote was taken on the foregoing resolution with the following result: AYES: Helmkamp, Jankowski, Kavanaugh, Scruggs, Telman, Ventura, Bacon and Hand. NAYS: None. On a motion by Bacon, supported by Ms. Kavanaugh, it was #79-8 RESOLVED, that inasmuch as the Corporation shall need some operat- ing funds to defray start-up costs, it is respectfully requested that the City Council advance the sum of S2,500.00 to the Corporation, said funds to be reimbursed to the City as soon as practicable. A roll call vote was taken on the foregoing resolution with the following result: AYES: Helmkamp, Jankowski, Kavanaugh, Telman, Ventura, Bacon and Hand. NAYS: Scruggs. 0n a motion by Mr. Helmkamp, supported by Mr. Bacon, and unanimously adopted, it was #79-9 RESOLVED, that the date for the next meeting of the Corporation be set for July 12, 1979, at 7:30 P. M., in the City Hall On a motion by Mr. Telman, supported by Ms. Kavanaugh, it was #79-10 WHEREAS, there has been presented to the Board of Directors of The Economic Development Corporation of the City of Livonia (the "Corpora- tion") a proposal relating to the constructing and equipping of a building for motel use (the "Project") to be located in the City of Livonia (the "Municipality") for lease to Topeka Inn Management, Inc. (the "Company"); and WHEREAS, said proposal appears to have merit as a "Project" as defined in Act 338, Michigan Public Acts of 1974, as amended (the "Act") and to meet the need for programs, services and facilities as described in the Act; and WHEREAS, although a "Project Plan" as defined in the Act has not yet been completed or approved with respect to the proposed Project, it is likely that the Project will require issuance of limited obligation revenue bonds by the Corporation; and WHEREAS, it is desirable to begin proceedings under the Act with respect to the Project and to retain the services of bond counsel to begin preparation of documents with respect to such revenue bonds; NOW, THEREFORE, BE IT RESOLVED THAT: 1. Pursuant to Section 8 (1) of the Act, the Board of Directors of the Corporation hereby determines that certain land area described in Exhibit A hereto attached is the land area which will be acquired in the implementation of the Project and hereby designates to the (a) planning 6 to the Company for any loss or damage that may result to the Company from the adoption of this resolution or any non -issuance of the Bonds for any reason, and all costs and expenses in connection with the construction of the Project and all costs of the issuance of the Bonds and any and all other costs relating to the acquisition, financing, ownership or operation of the Project shall be paid from the proceeds of sale of the Bonds or by the Company. 7. The firm of Miller, Canfield, Paddock and Stone is hereby designated and retained by the Corporation as bond counsel with respect to the Bonds to be issued in connection with the Project, and is author- ized and directed to prepare and submit to all appropriate parties all proceedings, agreements and other documents as shall be necessary or appropriate in connection with the issuance of such bonds and to make application on behalf of the Corporation to the United States Internal Revenue Service and other governmental agencies for such income tax and other rulings and approvals as may be necessary in relation to the issuance of such Bonds, and the President or the Secretary, and each of them is authorized to execute such powers of attorney and other documents as may be appropriate in connection with the foregoing, and the legal fees of Miller, Canfield, Paddock and Stone for work done in connection with the Project shall be paid from the proceeds of sale of such bonds or by the Company and in any event shall be at no cost to the Corporation. A roll call vote was taken on the foregoing resolution with the following result: AYES: Helmkamp, Jankowski, Kavanaugh, Scruggs, Telman, Ventura, Hand and Bacon. NAYS: None. On a motion by Mr. Ventura, supported by Mr. Kavanaugh, it was #79-11 RESOLVED, that having considered a copy of a communication, bear- ing the signature of Mayor Edward H. McNamara, dated May 22, 1979, to Mr. Daniel J. Gilmartin appointing Mr. Gilmartin as Executive Director of the Economic Development Corporation, with copy of a related letter from the City Attorney to the Mayor, dated May 11, 1979, the Board respect- fully declines the suggested appointment at this time. A roll call vote was taken on the foregoing resolution with the following result: AYES: Helmkamp, Jankowski, Kavanaugh, Ventura, Hand, Bacon and Telman. NAYS: Scruggs. On a motion by Mr. Helmkamp, supported by Mr. Bacon, and unanimously adopted, it was #79-12 RESOLVED, that this meeting be duly adjourned at 10:20 P. M. June 21, 1979. Addison W. Bacon, Secretary