Title
Resolution To Appoint Members To The Local Development Financing Authority
Body
Whereas, The City of Ann Arbor and City of Ypsilanti, both located in Washtenaw County, Michigan, created a Local Development Financing Authority (LDFA) for the Ann Arbor/Ypsilanti SmartZoneSM ;
Whereas, The agreement between the two cities requires the City Council of the City of Ann Arbor to appoint six voting members to the governing body of the LDFA;
Whereas, There are currently two full term and one unexpired term positions available on the LDFA Board and overdue for appointment;
Whereas, The agreement between the City of Ann Arbor and City of Ypsilanti requires that one of the City of Ann Arbor appointments shall be a Councilmember;
RESOLVED, That Mike Korybalski is appointed to the Local Development Financing Authority for a full 4 year term ending June 30, 2011; that Michael Reid is appointed to fill an unexpired term through June 30, 2009; and that Councilmember Stephen Rapundalo is appointed to a full 4 year term to end June 30, 2011;
RESOLVED, That the City Clerk notify the newly appointed members and the chair of the Local Development Financing Authority.