HomeMy WebLinkAboutMinutes - 60th - February 9, 1984 signedTHE 60th REGULAR MEETING OF THE ECONOMIC DEVELOPMENT CORPORATION OF LIVONIA
A Regular Meeting of the Economic Development Corporation of Livonia was
called to order by the Chairman, Peter A. Ventura, at approximately 5:05 p.m.,
February 9, 1984, in the Council Chambers of the City Hall, 33000 Civic Center
Drive, Livonia, Michigan. The Secretary called the roll:
Directors Present: Mr.
Mr.
Mr.
Mr.
Mr.
Mr.
Mr.
Directors Absent:
Others Present:
Kenneth Hale
Frank Hand
Alan Helmkamp
Ron Mardiros
Robert E. McCann
Angelo A. Plakas
Peter A. Ventura
Mr. Robert Jankowski
Mr. Stanley Telman
Mr.
Mr.
Mr.
Mr.
Mr.
Mr.
Mr.
Mr.
Mr.
Mr.
Jerome Grossman, President - General Fasteners
Stephen Carter, V.P. - CNG Fuel Systems
Roger George, CNG Fuel Systems
Donald Summers, Willowood Investments
Badalament, Rossman Co.
Douglas Bonner, President - American Community
James Ford, Counsel - American Community
John Nagy, Planning Director
Daniel J. Gilmartin, Executive Director
Dennis Neiman, Miller, Canfield, Paddock &
Stone
Ms. Marie E. King, Recording Secretary
On a motion by Mr. Helmkamp, supported by Mr. McCann, it was
#84-1 RESOLVED, that the minutes of the December 8, 1983,
Regular Meeting of the Economic Development Corporation
be approved as submitted.
A roll call vote was taken on the foregoing resolution with the following result:
AYES: Hale, Hand, Helmkamp, Mardiros, McCann, Ventura
NAYS: None
ABSTENTIONS: Plakas
The Chairman declared the resolution adopted.
The first item on the Agenda was the consideration of the application and
Inducement Resolution for the Grossman Company. The Executive Director explained
that the Grossman Company, a Michigan Partnership, is proposing to acquire an
existing building located at 11820 Globe Road. Currently, Mr. Jerome Grossman
382
is President of. General Fasteners Inc., and Mr. David Grossman is an officer of
General Fasteners. General Fasteners has been in operation at 12000 Globe Road
since 1974. The company warehouses industrial fasteners such as bolts, nuts,
screws and washers. As explained by Mr. Grossman, the company must adjust to
the "Just in time" concept of supplying materials to major contractors such
as automobile companies wherein the vendor bears the brunt of warehousing. The
proposed project will cost approximately $1,500,000. The company has discussed
financing with the National Bank of Detroit and has received a verbal commitment.
Mr. Neiman added that the Grossman Co. would be the obligor of the bonds
and General Fastener would be the user of the building on a lease arrangement.
Mr. Grossman explained that in order to be competitive and serve the needs
of existing customers, they must have additional space. He currently employs
56 persons and expects that to increase by 20% with the new building.
0n a motion by Mr. Mardiros, supported by Mr. Hand, it was
#84-2 WHEREAS, there has been presented to the Board of
Directors of the Economic Development Corporation of the
City of Livonia (the "Corporation") a proposal relating
to the construction and operation of a commercial and/or
industrial facility to be located in the City of Livonia,
County of Wayne, Michigan (the "Incorporating Unit" for
use by Grossman Company, a Michigan copartnership (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 facility (the "Project"), it is likely that
the Project will require issuance of 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 in order to induce the Company to
implement the proposal so as to provide to the Incorporating
383
Unit and its citizens necessary programs, services and
facilities;
NOW, THEREFORE, BE IT RESOLVED THAT:
1. Pursuant to Section 8(1) of the Act, the Board
of Directors of the Corporation upon the advice of the Company
hereby proposes that the land area described in Exhibit
A attached hereto and made part hereof is the land area
which will be acquired in the implementation of the Project
and hereby designates to the Incorporating Unit's legislative
body said land area described in Exhibit A as the project
area for the Project.
2. The Secretary of the Corporation be and is hereby
directed to (a) communicate the proposed project area
boundaries to the aforesaid legislative body by conveying
to the foregoing body a certified copy of this resolution,
and (b) notify the Chief Executive Officer of the
Incorporating Unit of this Corporation's intent to commence
a project that two additional directors of the Corporation
representative of neighborhood residents and business
interests likely to be affected by the proposed Project
may be appointed.
3. In order to more fully induce the location of
the Project in the proposed project area and subject to
the hereinafter special provisions, the Corporation will
issue its economic development limited obligation revenue
bonds in an amount presently estimated not to exceed One
Million Five Hundred Thousand Dollars ($1,500,000), for
the purpose of paying all or part of the cost of the Project
and the costs incidental to the issuance of the bonds. Said
bonds will be issued pursuant to the Act provided that a
lease, lease purchase contract, installment sales contract
or loan agreement and other documents and details pertaining
to the bonds are prepared with such provisions and details
as are acceptable to and approved by this Board of Directors
and provided, further, that all other necessary action is
taken in conformance with the Act and provided, further,
that the bonds can be sold.
4. The proceedings and agreements relating to the
Corporation's financial assistance of the Project and issuance
of the bonds shall contain such provisions and details as
shall absolutely and completely make certain that under
no circumstances will the Corporation, the Incorporating
Unit, the State of Michigan or any of its taxpayers or
citizens, ever be required to pay the principal of and
interest on, or any costs relating to the bonds from tax
revenues or other funds of such governmental units, and
shall in addition contain provisions fully protecting the
Corporation, the Incorporating Unit and the State of Michigan
against any other liability and all costs relating to the
384
bonds of the Project.
5. By adoption of this resolution the Corporation
assumes no obligation or liability to the Company for any
loss or damage that may result to the Company from the
adoption of this resolution 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.
6. The firm of Miller, Canfield, Paddock and Stone
of Detroit, Michigan, is hereby designated and retained
by the Corporation as bond counsel with respect to the revenue
bonds to be issued in connection with the Project, and is
authorized 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, 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 Secretary
of this Corporation is authorized to execute such powers
of attorney and other documents as may be appropriate in
connection with the foregoing. 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: Hale, Hand, Helmkamp, Mardiros, McCann, Plakas, Ventura
NAYS: None
The Chairman declared the resolution adopted.
The next item on the Agenda was the consideration of the application
and Inducement Resolution for CNG Fuel Systems, a limited Canadian partnership
with home offices in Mississauga, Ontario, for the acquisition and installation
of equipment to be located in a leased building at 33975 Autry Road. They propose
to lease 8,080 sq. ft. from Paragon Properties. Mr. Carter, Vice President,
explained that they would like to make natural gas a viable fuel for cars and
trucks. They intend to employ 6 to 9 people immediately, and about 30 people
385
within three years. They would be a high technician engineering group involved
in very sophisticated research.
Dennis Neiman commented that everything is in order for this project.
On a motion by Mr. Helmkamp, seconded by Mr. McCann, it was
#84-3 WHEREAS, there has been presented to the Board of
Directors of The Economic Development Corporation of the
City of Livonia (the "Corporation") a proposal relating
to the construction of leasehold improvements to an industrial
facility including the acquisition and installation of
machinery and equipment therefor to be located in the City
of Livonia, County of Wayne, Michigan (the "Incorporating
Unit") for use by CNG Fuel Systems, a limited partnership
under the laws of Alberta, Canada (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 facility (the "Project") it is likely that
the Project will require issuance of 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 in order to induce the Company to
implement the proposal so as to provide to the Incorporating
Unit and its citizens necessary programs, services and
facilities;
NOW, THEREFORE, BE IT RESOLVED THAT:
1. Pursuant to Section 8(1) of the Act, the Board
of Directors of the Corporation upon the advice of the Company
hereby proposes that the land area described in Exhibit
A attached hereto and made part hereof is the land area
which will be acquired in the implementation of the Project
and hereby designates to the Incorporating Unit's legislative
body said land area described in Exhibit A as the project
area for the Project.
2. The Secretary of the Corporation be and is hereby
directed to (a) communicate the proposed project area
boundaries to the aforesaid legislative body by conveying
to the foregoing body a certified copy of this resolution,
and (b) notify the Chief Executive Officer of the
386
Incorporating Unit of this Corporation's intent to commence
a project that two additional directors of the Corporation
representative of neighborhood residents and business
interests likely to be affected by the proposed Project
may be appointed.
3. In order to more fully induce the location of
the Project in the proposed project area and subject to
the hereinafter special provisions, the Corporation will
issue its economic development limited obligation revenue
bonds in an amount presently estimated not to exceed Five
Million Dollars ($5,000,000), for the purpose of paying
all or part of the cost of the Project and the costs
incidental to the issuance of the bonds. Said bonds will
be issued pursuant to the Act provided that a lease, lease
purchase contract, installment sales contract or loan
agreement and other documents and details pertaining to
the bonds are prepared with such provisions and details
as are acceptable to and approved by the Board of Directors
and provided, further, that all other necessary action is
taken in conformance with the Act and provided, further,
that the bonds can be sold.
4. The proceedings and agreements relating to the
Corporation's financial assistance of the Project and issuance
of the bonds shall contain such provisions and details as
shall absolutely and completely make certin that under no
circumstances will the Corporation, the Incorporating Unit,
the State of Michigan or any of its taxpayers or citizens,
ever be required to pay the principal of and interest on,
or any costs relating to the bonds from tax revenues or
other funds of such governmental units, and shall in addition
contain provisions fully protecting the Corporation, the
Incorporating Unit and the State of Michigan against any
other liability and all costs relating to the bonds or the
Project.
5. By adoption of this resolution the Corporation
assumes no obligation or liability to the Company for any
loss or damage that may result to the Company from the
adoption of this resolution 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.
6. The firm of Miller, Canfield, Paddock and Stone
of Detroit, Michigan, is hereby designated and retained
by the Corporation as bond counsel with respect to the revenue
bonds to be issued in connection with the Project, and is
authorized and directed to prepare and submit to all
appropriate parties all proceedings, agreements and other
documents as shall be necessary or appropriate in connection
387
with the issuance of such bonds, 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 Secretary
of this Corporation is authorized to execute such powers
of attorney and other documents as may be appropriate in
connection with the foregoing. 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: Hale, Hand, Helmkamp, Mardiros, McCann, Plakas, Ventura
NAYS: None
The Chairman declared the resolution adopted.
The third application and Inducement Resolution to be considered was
Willowood Investments. They are proposing to construct four buildings on a
two acre site on the north side of Schoolcraft, west of Merriman. It would
be an expansion of an existing facility. The total project cost should be about
$1,100,000.
The Planning Director, John Nagy, explained that Willowood Investments
is currently before the Planning Commission for a waiver use to have general
offices in a Professional Service zoning. He said the Planning Commission does
not have any problems with consenting to the waiver use on this project.
Mr. Summers added that he has already had many inquiries regarding
the leasing of the facility, so it is a marketable project.
On a motion by Mr. McCann, seconded by Mr. Hale, it was
#84-4 WHEREAS, there has been presented to the Board of
Directors of The Economic Development Corporation of the
City of Livonia (the "Corporation") a proposal relating
to the construction and operation of a commercial facility
to be located in the City of Livonia, County of Wayne,
Michigan (the "Incorporating Unit") for use by Willowood
Investments, a Michigan Partnership (the "Company"); and
WHEREAS, said proposal appears to have merit as a
388
"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 facility (the "Project"), it is likely that
the Project will require issuance of 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 in order to induce the Company to
implement the proposal so as to provide to the Incorporating
Unit and its citizens necessary programs, services and
facilities;
NOW, THEREFORE, BE IT RESOLVED THAT:
1. Pursuant to Section 8(1) of the Act, the Board
of Directors of the Corporation upon the advice of the Company
hereby proposes that the land area described in Exhibit
A attached hereto and made part hereof is the land area
which will be acquired in the implementation of the Project
and hereby designates to the Incorporating Unit's legislative
body said land area described in Exhibit A as the project
area for the Project.
2. The Secretary of the Corporation be and is hereby
directed to (a) communicate the proposed project area
boundaries to the aforesaid legislative body by conveying
to the foregoing body a certified copy of this resolution,
and (b) notify the Chief Executive Officer of the
Incorporating Unit of this Corporation's intent to commence
a project that two additional directors of the Corporation
representative of neighborhood residents and business
interests likely to be affected by the proposed Project
may be appointed.
3. In order to more fully induce the location of
the Project in the proposed project area and subject to
the hereinafter special provisions, the Corporation will
issue its economic development limited obligation revenue
389
bonds in an amount presently estimated not to exceed One
Million One Hundred Thousand Dollars ($1,100,000), for the
purpose of paying all or part of the cost of the Project
and the costs incidental to the issuance of the bonds. Said
bonds will be issued pursuant to the Act provided that a
lease, lease purchase contract, installment sales contract
or loan agreement and other documents and details pertaining
to the bonds are prepared with such provisions and details
as are acceptable to and approved by this Board of Directors
and provided, further, that all other necessary action is
taken in conformance with the Act and provided, further,
that the bonds can be sold.
4. The proceedings and agreements relating to the
Corporation's financial assistance of the Project and issuance
of the bonds shall contain such provisions and details as
shall absolutely and completely make certain that under
no circumstances will the the Corporation, the Incorporating
Unit, the State of Michigan or any of its taxpayers or
citizens, ever be required to pay the principal of and
interest on, or any costs relating to the bonds from tax
revenues or other funds of such governmental units, and
shall in addition contain provisions fully protecting the
Corporation, the Incorporating Unit and the State of Michigan
against any other liability and all costs relating to the
bonds or the Project.
5. By adoption of this resolution the Corporation
assumes no obligation or liability to the Company for any
loss or damage that may result to the Company from the
adoption of this resolution 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.
6. The firm of Miller, Canfield, Paddock and Stone
of Detroit, Michigan, is hereby designated and retained
by the Corporation as bond counsel with respect to the revenue
bonds to be issued in connection with the Project, and is
authorized 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, to make applilcation 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 Secretary
of this Corporation is authorized to execute such powers
of attorney and other documents as may be appropriate in
connection with the foregoing. 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
390
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: Hale, Hand, Helmkamp, Mardiros, McCann, Plakas, Ventura
NAYS: None
The Chairman declared the resolution adopted.
The last application and Inducement Resolution to be considered was
that of American Community Mutual Insurance Company. The Executive Director
reminded the Board of Directors that American Community was one of the Economic
Development Corporation of Livonia's first completed projects. They are once
again before the Board because they would like to double the size of their present
facility.
Mr. James Ford explained that American Community is at its limit as
far as space right now. They have had very good growth in the past four years
and they anticipate this growth to continue. Therefore, they need more room.
The present American Community headquarters houses about 260 employees. The
applicant states that its expansion program will result in the creation of an
immediate 20 new jobs and that it foresees the need for another 100 new employees
over a period of two years following construction. The total project cost is
$3,500,000.
Dennis Neiman commented that American Community is a very impressive
organization. 0f their original $3.4 million EDC project amount in 1980, only
$600,000 remains to be paid. Mr. Neiman also commented that Miller/Canfield
is acting as counsel for American Community in a lawsuit; however, it is not
a conflict of interest as far as the EDC would be concerned.
On a motion by Mr. Plakas, seconded by Mr. Hand, it was
#84-5 WHEREAS, there has been presented to the Board of
Directors of The Economic Development Corporation of the
City of Livonia (the "Corporation") a proposal relating
391
to the construction and operation of an addition to a
commercial office facility to be located in the City of
Livonia, County of Wayne, Michigan (the "Incorporating Unit")
for use by American Community Mutual Insurance Company,
a Michigan corporation (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 facility (the "Project"), it is likely that
the Project will require issuance of 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 in order to induce the Company to
implment the proposal so as to provide to the Incorporating
Unit and its citizens necessary programs, services and
facilities;
NOW, THEREFORE, BE IT RESOLVED THAT:
1. Pursuant to Section 8(1) of the Act, the Board
of Directors of the Corporation upon the advice of the Company
hereby proposes that the land area described in Exhibit
A attached hereto and made part hereof is the land area
which will be acquired in the implementation of the Project
and hereby designates to the Incorporating Unit's legislative
body said land area described in Exhibit A as the project
area for the Project.
2. The Secretary of the Corporation be and is hereby
directed to (a) communicate the proposed project area
boundaries to the aforesaid legislative body by conveying
to the foregoing body a certified copy of this resolution,
and (b) notify the Chief Executive Officer of the
Incorporating Unit of this Corporation's intent to commence
a project that two additional directors of the Corporation
representative of neighborhood residents and business
interests likely to be affected by the proposed Project
may be appointed.
3. In order to more fully induce the location of
the Project in the proposed project area and subject to
the hereinafter special provisions, the Corporation will
issue its economic development limited obligation revenue
bonds in an amount presently estimated not to exceed Three
Million Five Hundred Thousand Dollars ($3,500,000), for
392
the purpose of paying all or part of the cost of the Project
and the costs incidental to the issuance of the bonds. Said
bonds will be issued pursuant to the Act provided that a
lease, lease purchase contract, installment sales contract
or loan agreement and other documents and details pertaining
to the bonds are prepared with such provisions and details
as are acceptable to and approved by this Board of Directors
and provided, further, that all other necessary action is
taken in conformance with the Act and provided, further,
that the bonds can be sold.
4. The proceedings and agreements relating to the
Corporation's financial assistance of the Project and issuance
of the bonds shall contain such provisions and details as
shall absolutely and completely make certain that under
no circumstances will the Corporation, the Incorporating
Unit, the State of Michigan or any of its taxpayers or
citizens, ever be required to pay the principal of and
interest on, or any costs relating to the bonds from tax
revenues or other funds of such governmental units, and
shall in addition contain provisions fully protecting the
Corporation, the Incorporating Unit and the State of Michigan
against any other liability and all costs relating to the
bonds or the Project.
5. By adoption of this resolution the Corporation
assumes no obligation or liability to the Company for any
loss or damage that may result to the Company from the
adoption of this resolution 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.
6. The firm of Miller, Canfield, Paddock and Stone
of Detroit, Michigan, is hereby designated and retained
by the Corporation as bond counsel with respect to the revenue
bonds to be issued in connection with the Project, and is
authorized 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, 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 Secretary
of this Corporation is authorized to execute such powers
of attorney and other documents as may be appropriate in
connection with the foregoing. 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.
393
A roll call vote was taken on the foregoing resolution with the following result:
AYES: Hale, Hand, Helmkamp, Mardiros, McCann, Plakas, Ventura
NAYS: None
The Chairman declared the resolution adopted.
Mr. Helmkamp read the Treasurer's Report. Our total cash is $23,381.08.
This amount includes monies in checking, savings, Certificates of Deposit and
Petty Cash. We have a decrease in our fund balance, year-to-date of $476.85.
On a motion by Mr. Hand, seconded by Mr. Plakas, and unanimously
adopted, it was
#84-6 RESOLVED, that the Treasurer's Report be accepted
as submitted.
The Chairman announced that the Executive Director, Mr. Daniel
Gilmartin, is leaving the City to take another position elsewhere. He remarked
that all of Dan's work has certainly been appreciated, and he will be missed.
The Chairman also said that he has talked with the Mayor, and with Mr. John
Nagy, the Planning Director, and Mr. Nagy has agreed to accept the position
of Executive Director.
On a motion by Mr. Plakas, seconded by Mr. Helmkamp, and unanimously
adopted, it was
#84-7 RESOLVED, that the Economic Development Corporation
of Livonia, Michigan does hereby designate Mr. John Nagy
as Executive Director of the Economic Development Corporation,
subject to the approval of the Mayor.
Mr. Hale said that he thinks the EDC should present Mr. Gilmartin
with a plaque thanking him for his time and effort on behalf of the EDC and
recognizing the contribution he has made in the development of this organization.
The other directors were in total agreement. The Chairman directed Mr. Mardiros
and Mr. McCann to order a plaque for Mr. Gilmartin.
The Executive Director advised the Board of Directors that he has
394
received a letter from Corporate Communications Inc. requesting permission to
make a presentation to the Board regarding the designing and producing of
brochures and direct mail literature.
The Chairman said that the Chamber has notified him that they are
putting together a campaign and brochure to promote Livonia and would like some
support from the EDC. He directed Mr. Hand and Mr. Mardiros to pursue the
possibility of the EDC adding a section to their brochure to promote the
advantages of EDC financing.
On a motion by Mr. Plakas, supported by Mr. Mardiros, and unanimously
adopted, it was
#84-8 RESOLVED, that the Regular Meeting of the Economic
Development Corporation held February 9, 1984, be adjourned
at 6:05 p.m.
Respectfully submitte
on Mardiro,s,'Se retary
RM/mk