Scio Township DDA Agenda
March 13, 2006 @ 12:00 Noon
Scio Township Hall
827 North Zeeb Road
Ann Arbor, Michigan 48103
I. Call to order: Chairman Upton
II. Minutes of February 13, 2006 Rev. meeting (Revised the minutes to change property names to numbers as suggested by Frank DelVecchio)
III. Notes from Road Committee Meetings of February 23, 2006
IV. Report by Jennifer Coe of Carlisle/Wortman on the new DDA Development Plan and it’s implementation.
V. Washtenaw County Road Commission Report
VI. Landscape Consultant’s Report
VII. Chairman’s Report
VIII. Township Manager’s Report
IX. Executive Director’s Report
Financial Reports
i. Balance Sheet as of February 28, 2006
ii. Cash Flow Summary
iii. Investment Summary-Ann Arbor Commerce Bank
iv. Brief Written Report by Richard A. DeLong:
As I will not be able to attend this meeting, I will explain that after discussion with Bill Upton I transferred 8 million dollars from the DDA checking account to a CD with Ann Arbor Commerce Bank. Clint Sheldon, AACB Executive VP, assured me that there would be no penalty for early withdrawal. This is important, as we will soon have several large payments to make, but in the meantime, please note, on the attached Investment Summary, we have earned $6,810.01 interest from 2/28 thru 3/7. This works out to about $970.00 dollars for each day that we can keep the 8 Million invested.
X. Other Reports
XI. Old Business: None
XII. New Business
Invoices:
i. Carlisle/Wortman Assoc., Inc. $665.00
ii. Hedberg Associates $280.00
iii. Richard A. DeLong $800.00
iv. USBANK Bond Payment + Interest $439,731.25
v. Panera Bread $182.77
vi. Total $441,659.02
XIII. Discussion and audience participation
XIV. Adjournment
The Scio Township DDA will provide necessary reasonable auxiliary aids and services, such as signers for the hearing impaired and audiotapes of printed materials being considered at the meeting, to individuals with disabilities at the meeting or public hearing upon 7-business days notice to the Scio Township DDA. Individuals with disabilities requiring auxiliary aids or services should contact the Scio Township Clerk or Supervisor at the Scio Township Hall, 827 North Zeeb Road, Ann Arbor, MI 48103; telephone: 734-665-2123.
