ADOPTED - OCTOBER 8, 2002

AGENDA ITEM NO. 5

Introduced by the Administrative Services/Personnel and Finance Committees of the:

INGHAM COUNTY BOARD OF COMMISSIONERS

RESOLUTION APPROVING THE CREATION OF A LOCAL DEVELOPMENT

FINANCE AUTHORITY BY THE CITY OF LANSING AND THE CITY OF

EAST LANSING, PURSUANT TO ACT 281 AND OTHER MATTERS RELATED THERETO

RESOLUTION #02-235

WHEREAS, the City Councils of the Cities of Lansing and East Lansing, Michigan (collectively, the "Cities" or individually, "Lansing" or "East Lansing") desire to create a multi-jurisdictional local development finance authority within the Cities known as the Local Development Finance Authority of the Cities of Lansing and East Lansing (the "Authority"); and

WHEREAS, pursuant to Act 281, Public Act of Michigan, 1986, as amended ("Act 281"), the City Councils of the Cities have adopted a resolution expressing their intent to create a multi-jurisdictional authority with boundaries of an authority district as that property described in Exhibit A attached hereto and made a part hereof (the "Authority District"); and

WHEREAS, pursuant to Act 281, the City Councils of the Cities have conducted a public hearing on the adoption of a resolution by the City Councils of the Cities creating a multi-jurisdictional local development finance authority and the designation of the Authority District; and

WHEREAS, pursuant to Act 281, the Authority will exercise its powers only in all or part of its Authority District upon approval by the Michigan Economic Development Corporation; and

WHEREAS, pursuant to Act 281, the Authority will not be considered established until the County of Ingham approves the creation of the Authority.

THEREFORE BE IT RESOLVED THAT:

1. The County of Ingham (the "County") hereby determines that it is in the interest of the public to create a multi-jurisdictional local development finance authority in the County known as the Local Development Finance Authority of the Cities of Lansing and East Lansing, pursuant to the provisions of Act 281, which shall operate to eliminate the conditions of unemployment, underemployment and joblessness and to promote economic growth.

2. The County hereby approves the establishment the Authority by the Cities with an inclusion of all or any portion of the property described in Exhibit A attached hereto and made a part hereof as the designated Authority District (the "Authority District").

3. The County hereby acknowledges that the Authority shall only exercise its powers in that portion of the Authority District that received a designation from the Michigan Economic Development Corporation as a certified technology park under Act 281.

ADOPTED - OCTOBER 8, 2002

AGENDA ITEM NO. 5

RESOLUTION #02-235

I hereby certify that the foregoing is a true and complete copy of a resolution duly adopted by the County Board of Commissioners of the County of Ingham, State of Michigan, at a statutory annual meeting held on October 8, 2002, and that said meeting was conducted and public notice of said meeting was given pursuant to and in full compliance with the Open Meetings Act, being Act 267, Public Acts of Michigan, 1976, as amended, and that the minutes of said meeting were kept and will be or have been available as required by said Act.

I further certify that the following Members were present at said meeting: Celentino, Czarnecki, Dedden, De Leon, Grebner, Hertel, Krause, Lynch, Minter, Schafer, Severino, Stid and Swope and that the following Members were absent: none.

I further certify that the following Member Minter moved adoption of said resolution and that Member De Leon supported said motion.

I further certify that the following Members voted for adoption of said resolution: Celentino, Czarnecki, Dedden, De Leon, Grebner, Hertel, Krause, Lynch, Minter, Schafer, Severino, Stid and Swope, that such Members constitute a majority of the Members elected to and serving on County Board of Commissioners, and that the following Members voted against adoption of said resolution: none.

_________________________________

County Clerk

APPENDIX A

Description of Proposed Authority District

The Lansing Regional SmartZone more particularly is comprised of the following three separate areas:

• The area in downtown Lansing bounded by Grand Avenue to the west, Michigan Avenue to the south, the Grand River to the east and Shiawassee Street to the north.



• The area in Lansing bounded by I-496 to the west, the Lansing Corporate City Limit to the north and northeast, Collins Road to the east and Dunkel Road to the south.



• The area in downtown East Lansing contained within the East Lansing Downtown Development Authority District as approved by the City Council of the City of East Lansing by Ordinance #635 on 6-17-86 and Amendment #889 of 2/18/97

ADMINISTRATIVE SERVICES/PERSONNEL: Yeas: Swope, Lynch, De Leon, Celentino, Severino

Nays: None Absent: None Approved 10/1/02

FINANCE COMMITTEE: Yeas: Grebner, Stid, Swope, Krause, Hertel, Schafer, Minter

Nays: None Absent: None Approved 10/2/02