City of Ann Arbor - Local Development Finance Authority (LDFA)

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Type:

Component Unit

Meeting location:

Larcom City Hall, 301 E Huron St, Second floor, City Council Chambers

Date	Time	Location	Meeting Details	Agenda	Minutes	Video	eComment

7/25/2024	8:15 AM	Larcom City Hall, 301 E Huron St, Ann Arbor Basement Conference Room Members of the public may listen to this non-participation Zoom meeting.	Meeting details	Not available	Not available	Not available	Not available
6/27/2024	8:15 AM	Larcom City Hall, 301 E Huron St, Ann Arbor Basement Conference Room Members of the public may listen to this non-participation Zoom meeting.	Meeting details	Not available	Not available	Not available	Not available
4/25/2024	8:15 AM	SPARK East, 215 W. Michigan Ave., Ypsilanti, MI 48197 Members of the public may listen to this non-participation Zoom meeting.	Meeting details	Agenda	Not available	Not available	Not available
3/28/2024	8:15 AM	Larcom City Hall, 301 E. Huron St., Basement Conference Room Members of the public may listen to this non-participation Zoom meeting.	Meeting details	Agenda	Minutes	Not available	Not available
2/19/2024	9:00 AM	SPARK 330 E. Liberty St., Ann Arbor Special Meeting	Meeting details	Agenda	Minutes	Not available	Not available
1/25/2024	8:15 AM	Larcom City Hall, 301 E. Huron St., Ann Arbor, Basement Conference Room Members of the public may listen to this non-participation Zoom meeting.	Meeting details	Agenda	Minutes	Not available	Not available
1/17/2024	11:30 AM	Ann Arbor Art Center, 117 W. Liberty St., Ann Arbor Special Meeting	Meeting details	Agenda	Minutes	Not available	Not available

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How Established
Please see the LDFA Website for more information.
The LDFA was approved by a City Council resolution approved June 27, 2002, in conjunction with the City of Ypsilanti.

Purpose
A financing mechanism that allows the 'capture' of the incremental taxes for reinvestment within the boundaries of the authority. The funds will be used to support business services provided by the Ann Arbor IT Zone to emerging businesses, and to assist in providing high-speed data communications to the SmartZone area and businesses in that area. City Council affirmed the continuing public purpose of the Ann Arbor/Ypsilanti SmartZone LDFA and its role in facilitation of the commercialization of research products being developed at University of Michigan and Eastern Michigan University, and the development and support of new and existing technology-led economic development by Resolution R-14-175 on June 2, 2014.

Membership / Committee Composition
6 members from the City of Ann Arbor appointed by the Ann Arbor City Council.
3 members from the City of Ypsilanti appointed by Ypsilanti City Council.
2 ex-officio non-voting members consisting of a representative from the MEDC and a representative from the Accelerator.
In addition, the Board may appoint other ex-officio non-voting members for the Board.

Contact Info
Ann Arbor SPARK
201 S. Division, Suite 430
Ann Arbor, MI 48104
734-761-9317 / 888-SPARK-01

Department Details

Department Details - Short

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