Scio Township DDA Minutes (revised)
June 12, 2006
Scio Township Hall, 827 North Zeeb Road, Ann Arbor, Michigan 48103
Chairman Upton called the meeting to order at 12:15 PM.
Roll Call: Members present were Bliss, Colvin, Cornish, Holland, Luckhardt, Nielsen Upton and Weaver (left at 12:45 PM) Member Fox was absent.
Others Present: J. Coe, D. Fecho, N. Hedberg, M Finney, D. Shirilla, S. Siddall and R. Townsend
Weaver moved and Nielson seconded a motion to approve the minutes of May 8, 2006 as revised. The motion passed unanimously.
Notes from the Road Committee meeting of May 18, 2006 were received and filed.
Presentation by the Washtenaw Development Council:
At the request of the DDA Board, as a result of a request for funding, Michael Finney and Donna Shirilla from the Washtenaw Development Council were present to explain the functions of the Council and the need for funding. Finney described why “Spark”, a company that supports start-up development, and the WDC have merged. He also explained that the merger was in infancy and they were planning how the combined operation would function as a unit. They will be involved with early development, growth, funding as well as assuming the traditional role of the WDC. Copies of the WDC annual report were handed out and there was a brief question and answer period.
Presentation of the updated draft of the extended DDA plan:
Jennifer Coe representing our Planning Consultant, Carlisle/Wortman, went through the DDA development plan, which had been emailed to the Board Members. The highlights were that the plan goes to the year 2031 and allows for 40 million maximum bonding. The list of projects was outlined along with associated costs and projected dates. Chairman Upton presented TIF bonding tables and feels the plan is feasible. Coe will continue working to complete the plan so it can be presented to the Citizen’s Council prior to presentation to the Scio Trustees on June 28th.
Washtenaw County Road Commission Report:
R Townsend from the Washtenaw County Road Commission attended the meeting to explain the “Jobs Today” program. This is an 80 million dollar program, which will support road projects. The thought was to get funding for construction of Phase III of the Jackson Road project. Construction would have to begin by June of 2007. The short time frame for beginning construction is probably not possible.
S. Siddall said ROW was progressing and that DelVecchio was meeting with property owners. The grading plan is coming along, but much depends on securing ROW.
Landscape Consultant’s Report:
N. Hedberg has met with Johnson, Johnson & Roy to work on the landscaping plans for Phase III. They have added more trees and reduced some plantings. The plan is nearly laid out. Tee to Green has been doing the maintenance work on the first two phases. There has been some community service work done to help clean up the boulevard. Hedberg has asked the WCRC for “Adopt a Highway” signs. The weather has been better this year and the trees are doing better.
Chairman’s Report:
Chairman Upton said he had given what report he had during the C/W presentation.
Township Manager’s Report:
D. Fecho said conceptually, it would make sense for the sewer fund to pay for the cost of increasing the size of the sewer main, and for the DDA to cover the cost of relocating the main into the medium of Jackson Road. We need to find “common ground” on exactly how to determine what portion of the overall cost is accounted for by each of these factors.
Executive Manager’s Report:
R. DeLong had included the following reports with the agenda: balance sheet as of May 31, 2006, cash flow summary, cash flow detail, investment summary-Ann Arbor Commerce Bank. DeLong had also included a summary of the interest rates for CD’s and checking accounts at several local banks.
DeLong said that the DDA would be receiving large amounts of income, as taxes are collected and that the checking interest at United Bank and Trust was favorable in view of the liquidity the DDA will need as ROW is acquired.
DeLong pointed out that the summary of interest rates showed that United Bank and Trust pays the highest rates of $4.2% to 4.5%, depending on the amount deposited. UB&T also pays favorable rate of 5.2% on CDs.
Nielsen moved and Luckhardt seconded a motion to move the amount of $2,171,140.35 from Ann Arbor Commerce Bank to United Bank and Trust. Two million dollars are to be invested in a CD at 5.2% with no penalty for early withdrawal. The balance of the amount is to be deposited in a checking account at 4.2% and to roll over the CD at Ann Arbor Commerce Bank in the amount of $1,041,289.57 at 5.25% interest for one year with no penalty for early withdrawal.
Roll Call: Bliss-yes, Colvin-yes, Cornish-yes, Fox-absent, Holland-yes, Luckhardt-yes, Nielsen-yes, Upton-yes, Weaver-absent. The motion passed.
Other Reports: None
Old Business:
Holland moved and Colvin seconded a motion to authorize Chairman Upton to sign a contract with the Washtenaw Development Council in the amount of $5,000.00, payable in quarterly installments of $1,250.00.
There was some discussion on the motion.
Roll Call: Bliss-yes, Colvin-yes, Cornish-yes, Fox-absent, Holland-yes, Luckhardt-yes, Nielsen-yes, Upton-yes, Weaver-absent. The motion passed.
New Business: None
Nielsen moved and Luckhardt seconded a motion to pay the following listed invoices:
Hedberg Associates $620.00
Mancino’s $114.15
Richard A. DeLong $800.00
Carlisle/Wortman $4,225.00
Total $5,759.15
Roll Call: Bliss-yes, Colvin-yes, Cornish-yes, Fox-absent, Holland-yes, Luckhardt-yes, Nielsen-yes, Upton-yes, Weaver-absent. The motion passed.
Discussion and Audience Participation: None
Adjournment:
Holland moved and Nielsen seconded a motion to adjourn at approximately 2:30 PM. The motion passed unanimously.
