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Home My Public Portal AboutA 1988-09-14 LRA . ' `t . � . ' • , LYNWOOD LOCAL DEVELOPMENT COMPANY BOARD OF DIRECTORS � - WEDNESDAY, SEPTEMBER 14, 1988 � 3:00 P.M. F�� _�� E, �; . I ��e�aQ��p C! i`i OF lY"J1'JOOD I CITY CLERi�S U��PPCE CITY COUNCIL CHAMBERS SF � 1� 19 LYNWOOD CITY HALL n � 9 �� 11330 BULLIS ROAD zigagil0illi12i1i2�3i4i5i6 ' LYNWOOD, CALIFORNIA ,.�) � . � _ � � ��t/�l.a/::! I> A G E N D A /�� °� -%�`�� r��"� WILLIAM KOLITZ CHAIRMAN JIM MORTON BERNARD LAKE VICE-CHA3RMAN SECRETARY-TREASURER , HARRY PRINS DR. BERNARD STEUBER. MEMBER , MEMBER OPENING CEREMONIES: A. CALL TO ORDER . B. FLAG SALUTE C. ROLL CALL D. CERTIFICATION OF AGENDA POSTING E. APPROVAL OF MINUTES: AUGUST.10, 1988 F. ITEMS FOR CONSIDERATION: 1. Warrant Register It is recommended that the Board approve the � attached Warrant Register. .. 2. Extension of EDC/LLDC Contract At the April Board meeting, the Directors approved a extension of the contract between the Economic Development Corporation and the Lynwood Local Develop- ment Company for services related to Business Assistance Program. Since the LLDC has not yet exhausted the contract, ` in terms of funds or services to be rendered, staff ' is recommending approval of the attached Resolution. ' � � LLDC Agenda Page l�2 3. Extension of LLDC/MMSS Contract Staff was directed by the Board at the previous meeting to negotiate a new agreement with Medical Management Support Services (MMSS) for minutes secretary services. MMSS has graciously agreed to continue its services to the LLDC at the same rate. to demonstrate it's committ- ment to serving the Lynwood community. Staff recommends the approval of the attached Resolution. 4. The Board directed staff to secure the services of a qualified accountant to assist the LLDC with the filing of required tax forms and related financial record keeping. Staff interviewed two firms: Helen Anderson and Robert Johnson and Associates. Staff selected Johnson's firm based on his experience with similar tax exempt organizations. Staff recommends approval of the attached Resolution, G. STAFF REPORTS 1. The LLDC/Chamber mixer has been scheduled for Wednesday, September 28, 1988. See attached informational flyer. 2. The financing siminar will be held October 11, 1988 at 3:00 p.m. in Bateman Hall. Attached is information on the person who will conduct the seminar and a outline of the presentation. H. BOARD ORALS I. ADJOURNMENT - � � LYNWOOD LOCAL DEVELOPMENT COMPANY BOARD OF DIRECTORS MEETING WEDNESDAY, AUGUST 10, 1988 3:00 p.m. LLDC Board Members Present: Chairman William Kolitz Bernard Lake Jim Morton Harry Prins Dr. Bernard Steuber City Staff Present: Francisco Jimenez, Economic Development Specialist , Opening Ceremonies: A, B, C. CALL TO ORDER, FLAG SALUTE, ROLL CALL The meeting of the Board of Directors was called to order at 3:00 p.m. by Chairman William Rolitz. Bernard Lake led the salute to the flag of the United States of America. Roll call revealed that all LLDC members were present. D. CERTIFICATION OF AGENDA POSTING Francisco Jimenez gave certification of the agenda posting. E. APPROVAL OF MINUTES Approval of Minutes - June 8, 1988. It was moved by Bernard Lake, seconded by Harry Prins and Dr. Bernard Steuber that the minutes of the June 8, 1988 Board of Directors Meeting be approved. The motion carried. F. ITEMS FOR CONSIDERATION 1. Warrant Register Resolution # 17A - Approving award in the amount of 5100 for Medical Management.Support Services, Inc. for the minutes of June 8, 1988 and June 30, 1988. It was moved by Jim�Morton and seconded by Bernard Lake to approve this resolution. The motion carried. 2. LLDC Brochure Staff is requesting the Board's final approval of the LLDC Broehure design before authorizing printing of the brochure. Mr. Jimenez presented art work which was designed by the Lynwood Press. This art work and the design of the brochure was discussed in detail. The Board felt that the cover was not exactly what they had in mind.- They suggested having a picture of City Ha11 with reference to the LLDC and the map should not be on the cover, but could be a foldup inside-the brochure. After discussion, the Board decided that they wanted to ask for another design. The Board further agreed that this design should be done within a week and printed within two weeks. Mr. Jimenez is to get another design and contact Board members individually for their review of-the new design so that the brochure can be finalized for printing. � � 3. LLDC Financial Statement . . The LLDC balance sheet as o£ July 31, 1988 was presentec3.and discussed by Mr. Jimenez. Total assets are 8120,235. Total liabilities are 59,350. Total liabilities and equity equal 8120,235.• Mr. Jimenez said the the Security Pacific Nationa-1 Bank Dealer Statement is available in his office for review.- Mr. Jimenez also reported that there are three outstanding loans for a total balance of 522,960; and all of these loans are current. • Mr.-Jimenez further stated that current agreement between the LLDC and Medical Management Support-Services for secretarial services expires this month. This wi11 complete the aqreement that the has with Medical Management•Support Services. Mr. Jimenez asked for permission to negotiate a new agreement for continued secretarial services; approval was given by the Board to undertake those negotiations. Mr.-Jimenez also discussed the contract with Economic Development Corporation in the amount of 525,000; however, at this time liability is 59,250. It was moved by Harry Prins and seconded by Bernard-Stueber and Jim Morton to approve the financial statement. The motion carried. 4. Re ort,b�-ECOnomic Development Corporation of Los Angeles Countv David Rosenblatt,�EDC Business Consultant was, unable to attend the-meeting today. Mr. Jimenez commented on the.report which was submitted by EDC. - EDC has completed the work that was requested of them. Mr. Jimenez asked EDC to withhold any new work until-he could address the Board. Mr. Jimenez explained that concerning the contract with Economic Development Corporation, the LLDC retained EDC to provide consulting services to sma11 businesses in the community to get them to expand their business or be retained within -the c-ity. This should go hand in hand business renovation. G. STAFF REPORTS Businesses-are-not applying to LLDC for- £inancial assistance; that is, we have a hard time getting " clients to use the-technical assistance that we can provide in terms of getting.a loan. Mr. Jimenez feels that the-Board-needs to devise another strategy to get businesses involved•in loan applications. -Mr. Jimenez asked permission of the Board to develop a seminar for the general business community which would educate them to the-process that-is required to develop their� loan packages. For instance, as stated in prior meetings,-people-seem to have a fear of-working with " big govenment.-" It is the desire o£ the ` LLDC to have seminars to train small business owners in how to market their business, and to provide them with financial advice affecting small businesses. -There was discussion among � the Board about how-best to get the word out to the small businesses; that is, how to attract _ � � them to apply for loans. We need to have some incentive to stimulate their interest in attending meetings; for instance, we have had 38 loan funds for many years and yet people are not rushing to apply for them. Mr. Jimenez said that for every ten applications that he gives out, at least nine of them do not come back; and he £eels this is because people do not have a business plan and do not know how to go about it. There was suggestion that the LLDC should have a"mixer". This could be useful for the purpose of getting people to come to know each other and specifically a program could be designed so that they could get more information on how to apply for a loan. The Board agreed that Mr. Jimenez should work out the details for having a mixer between the hours of 5 p.m. and 7 p.m. The mixer will be held at the offices of the Chamber of Commerce. At that time there will be a short program which will begin at 5:30 p.m. so that staff could address the participants concerning how to go about applying for a loan. The "mixer" can be scheduled for the third week of September. Mr. Jimenez reported on receipt of new loan applications,as follows: 1) From a beauty supply company requesting a 55,000 loan for inventory, application is pending. 2) From a paralegal practioner requesting SS,000 to buy equipment. 3) From a shop requesting 510,000 to S20,000 for expansion. 4) From a furniture manufacturing company requesting monies to improve their property. All applications are pending. Mr.-Jimenez requested approval to use professional services for accounting purposes. He said that there are tax forms-requiring completion, and these should be taken care of by an accountant. fle asked £or suggestions of people to talk with in terms of providing this service. Mr. Jimenez reported that according to the by- laws,�it is time to have new elections. Mr Kolitz advised staff to to-make preparations for the elections, and to advertise when election wi11 be taking.place. It was agreed that the earliest that-the election could take place would be at the October LLDC meeting. Mr. Jimenez was given approval to develop the LLDC-Financing Workshop. H. BOARD ORALS: __ _ Bernard Lake reported that thece are approximately fifteen stores having problems due to construction work along Long Beach Blvd. between P1att and Beechwood. This boulevard is torn up currently because of on-going construction work. There -is no-parking available, and these businesses are suffening because people can not get to them. Mr. Jimenez offered to talk to the owners of the Hopkins Development Company to ask for temporary parking or to ,I � � � the City of Lyriiaood to suggest alternate parking across the street. Mr. Jimenez-was advised that this problem should be worked out Yiy telephoning individual board members for approval, and staff should proceed immediately to provide some relief for these business owners. Mr. Jimenez suggested taking out an ad�to advise the public that these businesses-have parking available to the rear of their businesses; and the Board appzoved this idea and directed Mr. Jimenez to proceed. Mr. Morton inquired whether an application had been received from Torino's Bakery. Mr. Jimenez said they apparently applied for a conditional use permit, which has a 90 day term; and this term has now expired. Mr. Kolitz states that he will be meeting on August 11, with a business group who, hopefully, will reactivate the office supply store. Mr. Jimenez reported that the second portion of the Facade Program is underway, and a number of businesses along Long Beach Boulevard are slated . to receive the new signs. This program will be completed in the very new future. I. ADJOURNMENTS There being no other business, it was moved and properly seconded to adjourn the meeting at • 4:00 p.m. Respectfully Submitted, Bernar La e, Secretary-Treasurer Date . � � A RESOLUTION OF THE LYNWOOD LOCAL DEVELOPMENT COMPANY ALLOWING AND APPROVING THE DEMANDS AND ORDERING WARRANTS THEREFORE The Lynwood Local Development Company (LLDC) does hereby resolve as follows: SECTION 1. That the demands presented, having been audited, are hereby allowed and approved, and the warrants ordered drawn therefore by the LLDC treasurer to the payee and in the amounts indicated. Warrant Payee Description Amount (1) Medical Mgmt. Professional Support Services Services $50.00 (z) Lynwood Press Ad $75.00 (3) Security Pacific Annual Fee $100,00 (4) The Graphic Fact Graphic Design $150.00 SECTION 2, That the agency secretary shall certify to the adoption of the resolution and shall return a copy thereof for the record. PASSED, APPROVED and adopted this day of ; 1988. WILLIAM KOLITZ, Chairman BERNARD LAKE, Secretary- Treasurer APPROVED AS TO FORM: CARL W. SHERMAN I . . , � � A RESOLUTIOIV OF THE LYNWOOD LOCAL DEVELOPMENT COMPANY TO AMEND THE AGREEMENT MADE ON AUGUST 1, 1987� BY THE LYNWOOD LOCAL DEVELOPMENT COMPANY HEREINAFTER CALLED LLDC AND THE ECONOMIC DEVELOPMENT COR- PORATION HEREINAFTER CALLED THE EDC WHEREAS, the LLDC and the EDC previously entered into an Agreement for consulting services dated August 1, 1987; and WHEREAS, the LLDC and EDC desire to amend said Agreement in order that the EDC may continue with the Business Assistance Program. NOW, THEREFORE, the Lynwood Local Development Company does hereby resolve that said Agreement be amended as follows: 1. Section 2. "Time of Performance" is amended to show a completion date of June 30, 1989. 2. All other terms and conditions of said Agreement shall remain the same. PASSED, APPROVED and ADOPTED this day of , • 1988. WILLIAM KOLITZ, Chairman ATTEST: BERNARD H. LAKE, Secretary- Treasurer APPROVED AS TO FORM: CARL SHERMAN, Attorney ... � � A RESOLUTION OF THE LYNWOOD LOCAL DEVELOPMENT (LLDC) TO AMEND THE AGREEMENT MADE NOVEMBER 18� 1987� WITH MEDICAL MANAGEMENT SUPPORT SERVICES (MMSS) WHEREAS, the LLDC and �7SS previously entered into an agreement for Minutes Secretary services; and WHEREAS, the Lynwood Local Development Company (LLDC) requires a formal record of it's Board of Directors meetings; and WHEREAS, the LLDC continues to require the assistance of a qualified minutes secretary to continue to provide formal record of ineetings; and WHEREAS, Medical Management Support Services (MMSS) a Lynwood based company, has demonstrated that it is qualified to provide these services. NOW, THEREFORE, the LLDC Board of Directors does hereby resolve as follows: SECTION 1. The LLDC shall enter into an agreement with MMSS for an amount not to exceed $50.00 per meeting. SECTION 2. Term of this agreement is one year. SECTION 3. The Chairman and Secretary-Treasurer are authorized to execute three (3) copies of the agreement. PASSED, APPROVED and ADOPTED this day of , 1988. WILLIAM KOLITZ, Chairman ATTEST: BERNARD LAKE, Secretary- Treasurer ' APPROVED AS TO FORM: CARL W. SHERMAN, Attorney ( I , _ � � A RESOLUTION OF THE LYNWOOD LOCAL DEVELOPMENT COMPANY AUTHORIZING AN AGREEMENT WITH ROBERT JOHIVSON AND ASSOCIATES WHEREAS, the Lynwood Local Development Company (LLDC) requires financial records and certain tax documents and filings, and; WHEREAS, City staff can no longer provide these records and tax filings due to an increasing workload; and WHEREAS, the LLDC requires the assistance of a qualified accountant to provide these specialized services; and WHEREAS, Robert Johnson and Assoc'iates, a Lynwood based company, represents that it is qualified to provide these services. NOW, THEREFORE, the LLDC Board of Directors does hereby resolve as follows: SECTION 1. The LLDC shall enter into.an agreement with Robert Johnson and Associates for an amount not to exceed $300.00 per year. SrCTION 2. The Chairman and Secretary-Treasurer are authorized to execute three (3) copies of the agreement. PASSED, APPROVED and ADOPTED this day of , 1988. WILLIAM KOLITZ, Chairman Lynwood Local Development Company ATTEST: BERNARD LAKE, Secretary-Treasurer APPROVED AS TO FORM: CARL W. SHERMAN, Attorney ' I I I