301 E. Huron St.  
Ann Arbor, MI 48104  
http://a2gov.legistar.com/  
Calendar.aspx  
City of Ann Arbor  
Meeting Minutes - Draft  
Local Development Finance Authority  
(LDFA)  
Thursday, June 25, 2026  
8:15 AM  
Larcom City Hall, 301 E Huron St,  
Basement Conference Room, Ann Arbor,  
MI  
I.  
CALL TO ORDER  
Chair Rapundalo called the meeting to order at 8:20 a.m.  
II.  
ROLL CALL  
7 -  
Present:  
Absent:  
Stephen Rapundalo, Michele Merusi, Michael  
Psarouthakis, Carrie Leahy, Jennifer Cornell, Annie  
Somerville, and Michael Cole  
1 - Elize Jekabson  
III.  
PUBLIC COMMENT  
Please comment shall be allowed at all meetings. An individual may speak for up to  
three (3) minutes on any item listed on the Agenda. The Chair may extend an  
individual's speaking time in his/her/their direction. Public comment on non-agenda  
items may be limited in the Chair's direction.  
none  
IV.  
APPROVAL OF AGENDA  
26-1165  
Agenda 06-25-2026  
Chair Rapundalo requested to amend the agenda to add an item under  
"Other Business" - Consideration of writing off a micro loan balance in the  
amount of $38,907 of a micro-loan of $50,000 granted to Connect-Space.  
Approved as Amended  
V.  
APPROVAL OF MINUTES  
26-0738  
04-23-2026 Meeting Minutes  
Approved by the Board and forwarded to the City Council  
VI.  
LDFA CHAIR'S REPORT  
Chair Rapundalo reported that this would be Dr. Merusi's last meeting  
and thanked her for her valued service. Washtenaw Community College  
intends to appoint Carl Weckerle, Vice President of Economic, workforce  
& Community Development to the Board.  
VII.  
LDFA TREASURER'S REPORT  
SPARK has submitted invoices through May. Overall we are tracking to  
come in slightly under budget.  
VIII.  
REPORTS FROM SERVICE PROVIDERS  
26-1097  
SPARK FY 2027 Contract  
B. Mayer presented the FY27 SPARK Contract for services. He pointed  
out a modification on page 12 that adds "Emerging Technology" to the  
Mobility budget line-item to incorporate the fast developing technology.  
Board Member Cole asked clarifying budget line-item questions before  
the board entertained final consideration of the contract.  
Approved  
IX.  
OTHER BUSINESS  
26-1098  
26-1099  
LDFA Public Meeting Calendar  
Approved  
July - Officer Elections  
M. Praschan reminded the Board that during the July meeting the Board  
should elect officer positions including filling the vacant Treasurer  
position. Officer positions are one-year terms that can be held for two  
consecutive terms.  
Connect-Space Micro Loan Write-Off ($38,907)  
B.Mayer, communicated that in 2014 Connect-Space was granted a  
$50,000 micro-loan. They paid back $41,000 of the principal. $38,907 of  
principal and accrued interest remains unpaid and is uncollectible.  
Approved  
X.  
ADJOURNMENT  
The meeting was adjourned at 9:15 a.m.  
Approved  
All persons are encouraged to participate in public meetings. Citizens requiring  
translation or sign language services or other reasonable accommendations may  
contact the City Clerk's office at 734.794.6140; via email to cityclerk@a2gov.org; or  
written request addressed and mailed or delivered to:  
City Clerk's Office  
301 E. Huron St.  
Ann Arbor, MI 48104  
Requests made with less than two business days' notice may not be able to be  
accommodated.