LDFA Board Meeting January 27, 2009 8:15am to 10:15 am SPARK Central Incubator 330 E. Liberty Street, Ann Arbor, MI 48104 Agenda Approval of the Agenda rm Ie cots I Call to Order Mm. Approval of the Minutes of the November 14, 2008 Special Board Meeting IV. LDFA Chair’s Report v. Reports from Service Providers 'a. Acceptance of SPARK Report — FY 2009 2nd Quarter Ended December 31, 2009 b. Acceptance of the SPARK FY 2009 Entrepreneurial Plan ¢. Acceptance of the SPARK FY 2009 Cantillon Maintenance Plan (to be distributed at the meeting) vi. LDFA Treasurer's Report a. LDFA Financial Report — 2™ Quarter Ended December 31, 2008 vil. Reports from Committees ‘a. Update of Audit Committee * Review/Acceptance of SPARK Corrective Actions Plan, Dated November 7, 2008 + Abraham & Gaffney Engagement Letter: FY 2009 SPARK Audit, Six (6) Months Ended December 31, 2008 ‘Ad-hoc Committee for Re-design of SPARK Reporting Elements ‘Ad-hoc Committee for Strategic Planning and Audit By-Laws Committee Contract/Budget Committee + Phase I Screenings to Determine Geographic Location Eligibility paor vill. Report from the MEDC IK. Other Business a. Ann Arbor Angels Proposal b. Committee appointments —Nominating Recommendation c. FY 2008 LDFA Annual Report X. Motion to AdjournTSSTOBTEDPIONEDT] —— a0sz-F65] AY Hay IO A] TRIBES BURT] POE WOT] BSE] TO TOONAT TZ 121213) ‘San JEReZ wesoe] 69410] ueeoee-reL 9 po URTHOUDH| soozE ag] ap Bre Tree feoczioee aes zowe-eze-ves‘H [zoczioe EReesII| HUE [soa aay wy [eoozi0e, sour wey [sooZu/.r sou w2y| [zoozsior souy way [soozione | [zoozioe zou wey wos HSTeTTONDH OCU Lvozobe——|Frooeiriob FEISS 7oaay Tew "RaeaaeS | spug wve]_|sweig wit | ani vg07 LTT 6002 Ad 10300110 Jo pieog WAT euozHeWws nueIsd ogy UUyDRAFT Se 4 cect MINUTES — SPECIAL BOARD MEETING November 14, 2008 Ann Arbor-Ypsilanti SmartZone Local Development Finance Authority City of Ann Arbor, Guy C. Larcom, Jr. Mui 100 N. Fifth A ipal Building, 5" Floor Conference Room Ann Arbor, MI Members Present: Richard King, Michael Korybalski, Rob Risser, Stephen Rapundalo, Theresa Carroll, Mark Maynard, Darryl Daniels, Lisa Kurek, Roselyn Zator-Ex-officio, Tom Crawford-Ex-officio Members Excused: Others Present: Michael Finney-SPARK, Scott Olson-SPARK, Greg Fronizer-SPARK, Elizabeth Parkinson-SPARK, Skip Simms-SPARK, Kurt Riegger-SPARK, Timothy Marshall- SPARK, Sandi Bird-City of Ann Arbor-Finance, Tina Reed-Ann Arbor News, Nathan Bomey-Ann Arbor Business Review, Mickey Katz-Pek CALL TO ORDER: King called the meeting to order at 8:14am. A quorum was present. APPROVAL OF THE AGEND. Korybalski moved, seconded by Rapundalo, to approve the Agenda for this meeting in the form presented at this meeting, as amended per discussion. Motion approved unanimously. MOTIONS & RESOLUTION 4. Minutes of the October 28, 2008 Board Meeting: Risser moved, seconded by Korybalski, to approve the Minutes of the October 28, 2008 board meeting in the form presented at this meeting, as amended per discussion. Motion approved unanimously. REPORT FROM COMMITTEES: 1. Audit Committee: The question was called at the October 28, 2008 meeting to confirm the number of votes required to approve a motion when a 6 member quorum is present, and the answer is 5, at all times.