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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, 2026 - Terry Whelan
Term: October, 2015 - October, 2025 - Caroline Austin
Term: June, 2006 - October, 2024 - Kristine Jenkins
Term: October, 2019 - October, 2027 - Kurt Miller
Term: June, 2006 - October, 2024 - Bud Norman
Term: October, 2008 - October, 2026 - (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
- 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.
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Paul Jakubczak
Secretary/TreasurerPhone:
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Audrey Tappenden
Economic Development DirectorPhone: (517) 279-9531 X 6913
Related Documents
- Board and Commission Application (PDF)
- 2019 LDFA-4 Annual Report
- 2019 LDFA-6 Annual Report
- LDFA-2 06-08-89 TIF and Development Plan Grahl
- LDFA-3 04-11-91 TIF Project 91-1
- LDFA-4 11-05-01 TIF and Development Plan Project 01-1 Race St Sewer and Water Main
- LDFA-5 04-01 Vista Drive Michigan Ave Area
- LDFA-6 07-27-15 Development Plan Clemens Food Group
- LDFA-6 10-15 TIF and Development Plan
- LDFA Bylaws 2022