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Home My Public Portal AboutA 1989-11-14 LYNWOOD LOCAL DEVELOPMENT COMPANY - i . �� -4 LYNWOOD LOCAL DEVELOPMENT COMPANY . , BOARD OF DIRECTORS Tuesday, November 14, 198��r � � - - _...._ _ i'"��,. 3:0o p.m. RECEIl4E�� CITY OF LYNWOON I , CITY CLERKS OFFIC�E � city council Chambers R,� NOV 13 �g�. Lynwood City Hall 11330 Bullis Road � ��$�9�1e�11�1�� Lynwood, CA. 90262 � � � BERNARD LAKE LEIGHTON HULL SECRETARY-TREASURER PRESIDENT ' CELIA ARROYO LA VONEIA STEEL MEMBER VICE PRESIDENT HARRY PRINS MEMBER I. OPENING CEREMONIES: - A. CALL TO ORDER 1. Flag Salute 2. Roll Call B. Certification of Agenda Posting ZI. APPROVAL OF MINUTES - October 2$, 1989 III. ITEMS FOR CONSIDERATION A. APPROVAL OF AGREEMENT FOR CONSULTING SERVICES Comments• To request that the Lynwood Local Development Corporation, approve the attached amendment to an Agreement for consultant services. Recommendation: ' Staff respectfully request that the Board of Directors direct the Chairman to execute subject Agreement. ' IV. STAFF ORALS V. BOARD ORALS VI. ADJOURNMENT - December 13, 1989 � Lra\usi6m\LLDCOVer\sf � I . � � � LYNWOOD LOCAL DEVELOPMENT COMPANY MINUTES � October 24, 1989 LLDC Board Members Present: Chairman Leighton Hull Bernard Lake Celia Arroyo La Voneia Steele City Staff Present: Vicente L. Mas, Director Community Development Director Kenrick R. Karefa-Johnson Economic Development Manager OPENZNG CEREMONIES: The meeting of the Lynwood Local Development Company was called to order at 3:00 p.m. The flag salute was lead by Bernard Lake. , Mr. Karefa-Johnson stated that the Agenda was duly posted in' accordance with the Brown Act. APPROVAL OF MINUTES: Bernard Lake moved that the minutes of August 10, 1989 be adopted . as submitted. Seconded by Leighton Hull and passed. ITEMS FOR CONSIDERATION: 1. Letter of resignation by William Kolitz was presented to the members. A motion was made, seconded and passed to accept the resignation. 2.. Nominations and Elections. Mr. Harry Prinz was nominated by� Bernard Lake. With no further nominations, Mr. Prinz was , unanimously elected to the LLDC Board. 3. Requests for Assistance. A. J& A Express (Electric Motor Service, Inc.) Mr. Bernard Lake asked if this loan would create any new jobs. Mr. Bernard ` Johnson spoke to the members and said he could create a part-time job for a college student - not a high school stuclent - to help run the office and do some typing. Mr. Bernard Johnson stated that later on; six months to one year; a full time position will be available to someone between the ages of 20 -25. Mr. Bernard Lake asked how much time Mr. Bernard Johnson needs on the loan. Mr. Bernard Johnson stated he is asking for seven (7) years, but hopes to have it paid off in three (3) years. Mr.�Leighton Hull asked if Staff has a credit report for J& A Express. Mr.' . Karefa-Johnson said if the Board feels there is potential in this request, staff will have the numbers run by the Economic Development Finance Consultants to see if the projections are reasonable. A motion was made, seconded and approved to have the: LLDC procure the services of a Consultant to run the numbers. '. Mr. Bernard Johnson will be advised on the status of his loan request upon completion. Staff will generate information pertaining to J& A Express's incorporation status. Is J& A subchapter S incorporated? It was moved by La Voneia Steele and seconded by Bernard Lake for LLDC to incur the expenses of seeking the corporation status. • � � B. Peerless Stationers. Loan request amount exceeds the maximum allowable.Staff would like to see a business plan attached to the letter of request. It was moved and seconded to acquire a business plan which will then be given directly to the Consultants. STAFF ORALS , 1. Mr.. Karefa-Johnson advised the Board of the resignation of Franaisco Jiminez, and said he has interviewed for kiis position and hopes to have further information regarding this at the next meeting. AW OURNMENT With no further business come before the Board, a motion was unanimously carried to adjourn to the next regular meeting of November 14 at 3:00 p.m. It was also agreed to have the December meeting on December 13 at 3:00 p.m. - lra\usibm\lldcmnts\sf . � i I I � �;: '� � � . , Economic Development Corporation of Los Angeles County L� � � � 221 South Figueroa Slreet, Sui�e 100 ,. . Ios Angeles, Celitoruia 90012 - . (213) 625-7752 Fax: (213) 625-7820 June 5, Y989 Mr. Art Waller ' Lynvood Local Development Company 1130 eullis Road ' Lynwood, CA 90262 ' Dear Art: With reference 'to the attached letter, the EDC has not received an ezecuted copy of the extension agreement. Currently, there is about $9100 remaining on the contract. Unless advised othervise by you, ae will assume that the Lynwood Development Company does not wish to. continue this program. if. this assumption is not correct, please notify us as soon as possible. ' Sincerely, , � � T mas E. Flavi Executive Vice President ` . TEF/jb enclosure - . DIRF,(."IORS: Chairman. Phillip R. Nicholson; Cox, Caslle 6 Nicholson • Vice Chairman, RobeN E. Bush; CBC, Inc. • Secretary & TreasureL C. Robert langslet:PonoJl.ongBeoch�AssistantSecretary.Cary�.Fowler;Fowlerlmeslmen6,Inc•Sheldonl.Ausmen;AnhvrAndeisenbCo.•Micfiael�.Choppi .' IOM Corporotion • Maurice J. DeWald; Peaq Morwick, Moin 6Co. • Thomas Dierckman; ihe Newholl Lund b Forming Co. • Thomas N. Fuelling; Inwn's . .Foods � ' �.SnuthemCaliforniaCasCo.•WilliamT.Huston;WaLSOnlandCompany•Roben),Iawe;loweEnterprises•DennisLune;McCutchen,Black.U . ` 6 3hca • W illiam A. MacGillivray: Hughr.s Aiarojl Company • James P. Miscoll: Bunk oJA merica • Eugene J. Moscaret; Moscoret Associates • Patncia 1� � Nr:Itleship:�NorthPacificConslructionMOnogemenlCo.•JackR.Rodmen;Y.ennethfevenlhalbCo.•Beni�oA.Sinclair;BenitoA.Sinclair6ASSOCiotes ' •ThomasC.\VOIf � N.Lund:CountyoinsAnRe�ns Y;' i ~ . Economic Development Corporation of Los Angeles County L� , � � � - . 550 S. Vermont Avonue, 3rd - Loe Angeles.�Califomie 90020� � � � � � 1213JJ87-0322 September 6, 1988 Mr. Arthur Waller Mr. Erancisco Jimenez . - City of L.ynwood - Local Development Company 11.30 Bullis Road � Lynwood, CA 90262 - Dear Act and Francisco: Since the last update on the billing, effective 7/31/88, approximately 1/3 of the original contract is remaining for use on city clients, eased on an average of 35-40 hours per client, four projecta of assistance .can be expected from the unused hours. , In light of the hours remaining, an Aqreement for Consulting Services Amendment from the Economic Development Cocpocation has been forwarded for your attention. The nev amendment extends" the Time of Performance to June 30, 1989, The most recent amendment calls for a'Time of Performance' completion date of September 30, 1988. Please reviev the Agreement and sign Where indicated, If you should have any questions or requice additional information, . please call me at (213) 387-0322. Thank you for your pro mpt attention and cooperation reqarding the documents. , Sincerely, . � ± omas E. Flavi . Executive Vice President TEF/jb enclosure ' , .� . � DIRECTORS:Chairman.phillipR.Sicholson:Coa.Lastleb.\'itho/son•\'iceChairman.RobenE.Bush:CBC.Inc•SecretarvBTreasureeGRoben �� Langsiei: Port of long 8eoch � Sheldon I. Ausman: Arthur .indrrsen b Cn. • Micharl I. Choppin; lD.tl fqrpomlion • \laurice �. De{\'ald: p�pL ' , �lnn� ick. Sloin 6 Co. • Tom OiercFinan: The .\'euhoU Innd b Farming Co. • Can� �. Fow�ler. ChesshiieGibson Fm��ler• ihomas \. Fuelling: (awvv's Fnods. Ina � Radrigo T. Carua: Gl' Di�'ersiJied. Inc. • �ohn Hancock: SecurilvWciJic.\'oliona18an1 • ymes C. Hankla: Citr oJfnng BeocA• �onel C. ' Hill: Saufhern CnLJorn)a Gas Co. • Paul Hudson: Broadnro�� Federal Saringt • lYilliam T. Hmton: {PO1son fynd Compmy • Robert ). Low<: . Lowr Enlerprises • Wiilum A. MacCillivny: Hughea AircroJf Componc • pmes P. \tiacoll: Honk oJAmeriro • Eugene �. MoscareL .NOSCOreI . Asmcia�es•Paviciateuleship:NorthPociJicConslrutlion.NanogemenlCo.•JxkAodman:Xennefhlrrn�ho/bCo.•BeniloA.Sincbir.BmifoA. �. SinOairEAssocioles• TryamasC.WOIfl.�c: The ltnl fJ('omponr• LarrvZarian: Glenmominreslmrnts• Sandn�.dueman;Ritha�d�ixon:�avidN. L�inA. ]nrman \Iwdnch�.5andra Tra� rc'. (bunh nlWa inqvlr� A'�' � � �GREEMENT FOR CONSULTIN�SERVICES AM ENDM ENT THIS AMENDMENT TO AGREEMENT made this 30Gh day of September,, 1988, by the Lynwood Local Development Company hereinafter called the "Company" and the Economic Development Corpocation, the Small Business Assistance Division, hereinafter called the "Congulbant". WITNESSETH THAT: WE3EREAS, the Company and the Consultant previously entered into an Agreement for Consulting Services dated 8/I/87 and; , WBEREAS, Company and Consultant desire to Amend said Agreement in order that.Consultant may continue the project. NOW, T9EREFORE, in consideration of the mutual undertaking herein, the parties agree Chat said Agceement be renewed as fo2lovs: � 1. SECTION 2: "Time of Performance', is_amended to shov a completion date of June 30, }9�9; �jgp ��j , /, 2. All other terms and conditions of said Agreement shall remain the same. IN WITNESS WHEREOF, the Company and the Consultant through their duly authorized officers have executed this Amendment as of the , date first c+ritten above. � APPROYED AS TO'PROGRAM: Lyn wood Local Development Company � By: Title � Economic Development Corporation Small B siness Assis nce Program BY= I Thomas E. Flavin Executive Vice President , - �� " � � I �