Local Development Finance Authority (LDFA)

Meeting Times


Periodically as needed and noticed.

​Meeting Minutes

To access the minutes, Click Here.

Members


  • Jeff Budd 
    Term: October, 2019 - October, 2022
  • Terry Whelan 
    Term: October, 2015 - October, 2025
  • Caroline Lowe 
    Term: June, 2006 - October, 2024
  • Kristine Jenkins 
    Term: October, 2019 - October, 2023
  • Kurt Miller
    Term: June, 2006 - October, 2024
  • Bud Norman
    Term: October, 2008 - October, 2022
  • (Vacancy)

Term Length


Authority Member term length is 4 years.

​Current Projects

LDFA 6

Bond payments began in 2016 and will extend to 12/2040. These payments are the result of debt issuances tied to the water and wastewater services which were extended to the property.

​Accomplishments

LDFA 6


Water service was extended from the City to the LDFA district. A forced main sanitary line was constructed from the District to the Coldwater wastewater reclamation facility, and Fiske Road was extended from Newton Road to Jonesville Road.

  • 4.5 miles of water main
  • 6 miles of sanitary forced main
  • 1 mile of road extension
  • 1 new electrical substation
  • Upgrades at Wastewater Treatment Plan

Unspent Revenues


LDFA 6 will receive monthly revenue from the Lakeland Correctional Facility until 2026 as a result of the facility's connection to the LDFA sewer line.  These funds will not be comingled with the standard revenues that are collected for the purpose of making debt payments. Rather, they will be saved and can be used on future infrastructure work within LDFA #6. 



Contracts

None at this time.