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Home My Public Portal AboutA 1987-11-18 LLDCRECEIVED 1 Vgvl k I CITY OF LY11WOOD �+ -- -a�T • -� CITY CLERKS OFFICE NOV 1 � 1987 AM F 7 LYNWOOD LOCAL DEVELOPMENT COMPANY BOARD OF DIRECTOR'S MEETING WEDNESDAY, NOVEMBER 18, 1987 3:00 P.M. CITY COUNCIL CHAMBERS LYNWOOD CITY HALL 11330 BULLIS ROAD LYNWOOD, CALIFORNIA A G E N D A A) B) C) D) CALL TO ORDER FLAG SALUTE ROLL CALL CERTIFICATION OF AGENDA POSTING E) APPROVAL OF MINUTES - SEPTEMBER 9, 1987 AND AUGUST 18, 1987 F) PUBLIC ORALS - ITEMS ON AGENDA ONLY G) ITEMS FOR CONSIDERATION 1. Minutes Secretary Comments Due to an increased workload, City staff can no longer provide minutes of LLDC meetings. Grant funds recently awarded to the agency will allow for the hiring of a minutes secretary. Recommendation It is recommended that the Board adopt the attached resolution authorizing the Chairman of the Board of Directors to execute an agreement with Business Services, etc., to provide the services of a minutes secretary. 2. Authorization to Conduct Bank Transactions Comments Resolution No. 11, adopted August 27, 1986, authorizes the LLDC Chairman, Secretary- Treasurer and the "official City of Lynwood staff person" to conduct Bank transactions on behalf of the Agency. There exists a need to further clarify signatory authority by designating the Housing and Community Development Coordinator and the Economic Development Specialist as official Lynwood staff persons. All bank transactions shall require two signatures: either the LLDC Chairman or Secretary - Treasurer and the HCDA Coordinator or Economic Development Specialist. Recommendation It is recommended that the Board adopt the attached resolution which designates formal signatory authority to conduct bank transactions. LLDC Agenda Page #2 3. Approval of 1987 -88 Operating Budget Comments It is estimated that the LLDC will have approximately $105,842 available during the 1987 -88 program year, the bulk of which provides loans, grants and technical assistance to qualifying businesses. Staff has prepared a budget to control these funds and requests Board approval. Recommendation It is recommended that the Board adopt the attached resolution approving the operating budget for fiscal year 1987 -88. 4. Designation of Target Area Business To Receive Technical Assistance From Economic Development Corporation (EDC). Comments The City of Lynwood is in the process of implementing a Facade Improvement Program on Long Beach Boulevard and requests that the LLDC consider allocating technical assistance hours from the EDC to those target area businesses requiring such assistance. Recommendation It is recommended that the Board approve the attached resoluton which designates technical assistance hours for Long Beach Boulevard Target Area businesses. 5. Warrant Register It is recommended that the Board approve the Warrant Register. ITEMS FOR DISCUSSION 1. Presentation by Economic Development Corporation of Los Angeles County. Comments David Rosenblatt, EDC Business Consultant, will provide an update on EDC activities under contract with the LLDC. 2. LLDC Membership Status Comments Current LLDC members have not responded to several requests for meeting attendance, consequently, many items requiring ratification by a quorum of the membership have been deferred. H. STAFF REPORTS I. BOARD ORALS J. ADJOURNMENT 0 0 LYNWOOD LOCAL DEVELOPMENT COMPANY Minutes of a Special Meeting August 18, 1987 LLDC Board Members Present: Chairman William Kolitz Jim Morton Bernard H. Lake Dr. Bernard Steuber LLDC Board Member Absent: Harry Prins City Staff Present: Vicente L. Mas, Director Community Development Department Arthur N. Waller, HCDA Coordinator 1. Opening Ceremonies The Special Meeting of the Board of Directors was called to order by Chairman Bill Kolitz. 2. Items for Discussion 1987 -88 CDGB Grant Award Art Waller, HCDA Coordinator, informed the LLDC that as of July 7, 1987, the Community Development Block Grant (CDBG) funds in the amount of $100,000 had been awarded by the City Council to the Lynwood Local Development Company. Art explained that the provision of the grant was to provide a continuation of the Business Development Program and contract with the Economic Development Corporation of Los Angeles County to provide financial assistance services and that the LLDC will find the contract agreement attached which is to be executed by the Chairman of the Board of Directors of the LLDC. William Kolitz, LLDC Chairman, asked staff who drew up the contract agreement. Mr. Waller replied that staff did with approval by the City Attorney and that a copy has been forwarded to LLDC's attorney for approval but staff has not received a response. Mr. Kolitz stated that he would not consider signing the Contract Agreement without approval of LLDC's attorney. He then recommended that in order to avoid holding up the execution of the contract agreement that the LLDC give its approval contingent upon the approval of the LLDC attorney. He would sign the contract agreement but th( agreement could not be executed until approval was given from the LLDC attorney. The LLDC Board of Directors concurred with this decision. Approval was unanimous. 2. Establishment of Operating Budget for Fiscal Year 1987 -88. This item was tabled to next meeting. • • LLDC Minutes of August 18, 1987 Page #2 3. Item G: Items for Consideration This item consisted of a Resolution of the Lynwood Local Development Company approving an agreement with Economic Development Corporation of Los Angeles County for Twenty Five Thousand Dollars. Chairman Kolitz suggested that this item be approved subject to approval from the LLDC attorney and that an additional signature block be added for Mr. Sherman's signature. The LLDC Board of Directors agreed unanimously. 4. Request for Business Development Assistance Loan - Clyde Smith dba Ornamental Plaster and Molding The LLDC asked if Mr. Smith's business was currently in operation. Mr. Waller answered that it was and that Mr. Smith was presently working on a project for the City of Anaheim. The board wanted to know if most of the work was being completed outside Mr. Smith's workshop because one of the Board members visited the shop and no one was there. Mr. Waller stated that to his knowledge all work was completed at the shop then taken to the location for installation. Mr. Waller further explained that the loan would not be granted until evidence was submitted by Mr. Smith to show that contracts had been executed regarding pending work and the verifications would be done to insure that fact. The LLDC attorney, Carl Sherman, phoned to discuss his approval of the contract agreements with the Economic Development Corporation. The Board took a short recess while Art Waller discussed the matter. Upon returning, Mr. Waller reviewed that contract agreement with the LLDC and informed them of these changes. Section 4 would have to change in working from "may be spent" to read "may be reimbursed "; also Section 22 is to have a typing error corrected which would read "of" instead of "to ". Mr. Kolitz asked if a cost sheet could be submitted by Mr. Smith as funds were being disbursed. Mr. Waller replied that he would make this a condition upon the agreement. The LLDC having no further discussion moved to approve the assistance for Mr. Clyde Smith as requested. Approval was unanimous. 4. Staff Reports - None 5. Board Orals The LLDC wanted to know if it would be receiving copies of the check book. Mr. Waller commented that Mr. Morton would be attending to this item. 6. Public Orals - None 7. Adjournment The LLDC meeting adjourned to the next regular meeting at the City Hall Council Chambers. Motion carried by unanimous vote. Respectfully submitted, Bernard H. Lake, Secretary- Treasurer Date A RESOLUTION OF THE LYNWOOD LOCAL DEVELOPMENT COMPANY AUTHORIZING AN AGREEMENT WITH MEDICAL MANAGEMENT SUPPORT SERVICES, INC. WHEREAS, the Lynwood Local Development Company (LLDC) requires a formal record of it's Board of Directors meetings; and WHEREAS, City staff can no longer provide this record in the form of meeting minutes due to an increasing workload; and WHEREAS, the LLDC requires the assistance of a qualified minutes secretary to continue to provide formal record of meetings; and WHEREAS, Medical Management Support Service (MMSS) 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 MMSS for an amount not to exceed $50.00 per meeting. SECTIOI! Z . The Chairman and Secretary- Treasurer are authoriz- ed to execute three (3) copies of the agreement. WILLIAM KOLITZ, Chairman Lynwood Local Development Company ATTEST: BERNARD LAKE, Secretary - Tresurer APPROVED AS TO FORM: CARL W. SHERMAN, Attorney AGENDA ITEM E A RESOLUTION OF THE LYNWOOD LOCAL DEVELOPMENT COMPANY (LLDC) DESIGNATING SIGNATORY AUTHORITY WHEREAS, the Lynwood Local Development Company (LLDC) is organized as a public non - profit corporation; and WHEREAS, the LLDC has, as a public corporation, a fiduciary responsibility to the public; and WHEREAS, the LLDC wishes to execute its fiduciary responsibly through proper care and management of its funds; and WHEREAS, the corporation funds are stored and accessed through corporate savings and checking accounts; and WHEREAS, two signatures are required for use of these accounts. NOW, THEREFORE, be it resolved that signatory authority is designated to LLDC Directors William Kolitz or Bernard Lake and Arthur N. Waller, Lynwood HCDA coordinator or Francisco Jimenez, Lynwood Economic Development Specialist. WILLIAM KOLITZ, Chairman Lynwood Local Development Company ATTEST: BERNARD LAKE, Treasurer - Secretary APPROVED AS TO FORM: CARL W. SHERMAN, Attorney AGENDA ITEM E 0 A RESOLUTION OF THE LYNWOOD LOCAL DEVELOPMENT COMPANY (LLDC) TO APPROVE LLDr BUDGET 1987 -88 WHEREAS, the Lynwood Local Development Company is organized as a California non - profit corporation to provide support to Lynwood businesses by providing assistance programs and services; and WHEREAS, certain administrative functions and activities are required to manage and administer these services and programs; and WHEREAS, monies have been allocated to fund these administra- tive functions and activities. NOW, THEREFORE, the Lynwood Local Development Company does hereby resolve that the attached operating budget constitutes the authorized operating budget of the Lynwood Local Development Company. PASSED, APPROVED and ADOPTED this day of 1987. ATTEST: WILLIAM KOLITZ, Chairman Lynwood Local Development Company BERNARD H. LAKE, Secretary- Treasurer APPROVED AS TO FORM: CARL SHERMAN, Attorney Au"ENDA ITEM LYNWOOD LOCAL DEVELOPMENT COMPANY 1987 -88 OPERATING BUDGET SALARIES - Minutes Clerk $50 p /mtg. x 8 mos $400.00 $ 400.00 OFFICES SUPPLIES - Stationary, Business Cards, etc. POSTAGE - Reimburse City of Lynwood MEETINGS - LDC Officials, conferences P RINTING AND ADVERTISING - Brochures, pamphlets, etc. MEMBERSHIPS - Calif. ASSN.of Economic Dev. Officials A UDIT FEES P ROFESSIONAL SERVICES - Economic Development Corporation B DAP LOANS AND GRANTS TOTAL EXPENSES REVENUES 100.00 500.00 1,000.00 3,172.00 170.00 500.00 25,000.00 - 75,000.00 $105,842.00 CASH ON HAND $ 3,830.00 - World Savings $2,830 - SPNB 1,000 GRANT FROM CITY $100,000.00 A NTICIPATED E ARNINGS FROM I NVESTMENTS 2,012.00 TOTAL REVENUES $105,842.00 9 0 A RESOLUTION OF THE LYNWOOD LOCAL DEVELOPMENT COMPANY TO ALLOCATE BUSINESS CONSULTING SERVICE HOURS TO THE LONG BEACH BOULEVARD FACADE IMPROVEMENT TARGET AREA WHEREAS, the Lynwood Local Development Company (LLDC) has entered into an Agreement with the Economic Development Corporation (EDC) of Los Angeles County to provide affordable, quality business counseling services and financial assistance to existing businesses in the City of Lynwood; and WHEREAS, the City of Lynwood proposed to initiate a Facade Improvement Program along a section of Long Beach Boulevard; and WHEREAS, City staff anticipates a need to target business counseling services to the Facade Improvement Program area businesses; and WHEREAS, these business counseling services are available through the Economic Development Corporation of Los Angeles County. NOW, THEREFORE, the LLDC Board of Directors does hereby resolve as follows: SECTION 1 . That 170 hours of consulting service hours be allocated to the Facade Improvement Program area businesses. WILLIAM KOLITZ, Chairman Lynwood Local Development Company ATTEST: BERNARD LAKE, Secretary- Treasurer APPROVED AS TO FORM: CARL W. SHERMAN, LLDC Attorney AGEND.k 1 TEL4 • RESOLUTION NO. 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 that warrants ordered drawn therefore by the LLDC treasurer to the payee and in the amounts indicated. Warrent # Payee Description Amount (1) Economic Development Corp. Professional Serv. $4,150 (2) Med. Mgmt. Support Serv. 11 11 11 $ 50 SECTION 2. That the agency secretary shall certify to the adoption of the resolution and shall retain a copy thereof for the record. PASSED, APPROVED and ADOPTED this day of 1987. WILLIAM KOLITZ, Chairman Lynwood Local Development Company BERNARD LAKE, Secretary - Treasurer I n.��.r;Dn li�irt 1 r] Economic Development Corporation of Los Angeles County L7 October 31, 1987 Mr. Arthur Waller Lynwood Local Development Company 1130 Bullis Road Lynwood, CA 90262 Dear Art: 550 S burmunt Avenue, 3rd Floor Los Angules, California 90020 (213] 3870322 Enclosed is our monthly invoice for the month of October Please remit as soon as possible. Sincerely, omas E. Flav n Executive Vice President TEF /jb enclosure Economic Development Corporation of Los Angeles County L-3 550 S Vermont Avenue, 3rd Floor Las Angeles, California 90020 (273) 387 -0322 BUSINF,SS ASSISTANCE BILLING STATEMENT 111RIS1) IC'I'I0 N: LYNWQ.40_ tL_0 CUMPIjXY \11 Bulls Ro ad GLL.aLL_LrL _..\L Ly ood, Attu" Mr. Arthur Waller DATE SUBMITTED: October 31, 1987 BILLING PERIOD: October 1 - 31, 1987 L L L_ .. _ L V G P L .. r_ �� L L L> L► CONTRACT # (if applicable): L L L L_ I L r_ L i G L P L h\} 4 L r\ TARGET AREA(S): U r- L L, a> 4 L- L_ L L L Y L\ L L L P i a L L L L L 1116 ACTIVITY /I OF HOURS (1) Marketing / Admin (2) Client Assessment (3) In -depth Counseling Total hours @ $50 /hr 8 30 L> L L L L .. m► n L L a 45 83 / $4150 G L L L G P L L L L L L\ AI) professional services are billed at $50 /hour. Clerical. support services are billed at one- half professional services rate. Siynalure: -_ L L_> L� L .. L 4 .. L P L L L� y L> L � G L L L L\ �. L L ;. L♦ L 4 L L Tbnrnas E. Flavin, Executive Vice President, Economic Development Corporation Economic Development Corporation of Los Angeles County 550 S. Vuimont \venue, 3rd Floor Los 4ngeles, California 90020 (213) 387 -0322 October 1, 1987 Mr. Arthur Waller Lynwood Local Development Company 1130 Bullis Road Lynwood, CA 90262 Dear Art- Enclosed is our monthly invoice for the month of September. Please remit as soon as possible. Sinc� ly, Th as E. Flavin Executive Vice President TEF /jb enclosure Economic Development Corporation of Los Angeles County L-7 550 S Venimnt Avenue, 3rd Floor Los Angeles, California 90020 (213)387 -0322 BUSIPPSS ASSIs BILLING STATEH JUPIsDICIF1011: Attn: DATE SUBHITTED: BILLING PERIOD: CONTRACT $ (if applicable): October 1 1987 w L L L P 4 L P L 1a P L S 4 A a a\ a L September 1 - 30, 1987 L Y L L- .. L c- w a l i 4 L * a a a L r\ TARGE'r AREA(S): LYNqQQ.0 J LQ ,SAL - R LISP.M56I CUMPIifyY r r r L L L a a L L - - L- L+ a L a a L L L L P L Y a L 4\ L L ILLING ACTIVITY /# OF HOURS (1) Marketing / Admin (2) Client Assessment 1 (3) In -depth Counseling Total hours @ $50 /hr. _ 8 30 45 L L S L L u L Y w L L L L 83 / $4150. L Y L a L a L L l L f 4 a All professional services are billed at $50 /hour. Clerical support services are billed at one-half professional services rate. Signature: - a w L L- L- L L L • �. L J 4 r L L L L L Y r. L Tlrnrnas E. ['lavin, Er.ecut ve Vice President, Economic Mevelopm.ent Corporation 1130 Bullis Road LL..14r +LL h\ L 4 LLL +L r1L L.� -..LL A wood, L CAwL90262 LLL_4LUp LruL Mr. Arthur Waller u L + -- .. L L w L L L 4 L L L L L L i r A a L L L ► L �. 0 0 0 Economic Development Corporation of Los Angeles County H 550 S. Vermont Avenue, 3rd Floor I,us Cali(urnia 00020 (21'3)387 -0322 November 9, 1987 Mr. Francisco Jimenez City of Lynwood 11330 Bullis Road Lynwood, CA 90262 Dear Mr. Jimenez: Enclosed for your review is the quarterly report on billing hours charged versus incurred for the period of August 1, 1987 to October 31, 1987. A portion of those remaining hours will be applied towards Mr. Smith's project, (ornamental Plaster & Molding) and the meetings scheduled for November 18th with the L.D.C. If you have further questions, please contact my office at 213/387 -3010. Sincerelr, I�,l�f ✓�/ I , � i � ,,F„lr � l David S. Rosenblatt Business Counselor DS R /jb enclosure Economic Development Corporation of Los Angeles County L-7 550 S. Vermont Avenue, 3rd Floor Los Angeles, California 90020 (213) 3117 -0322 CITY OF LYNWOOD BILLING AND RECONCILIATION FORMAT CLIENT ASSESSMENT & IN -DEPTH COUNSELING BREAKDOWN FORMATS CLIENT ASSESSMENT BREAKDOWN FORMAT: NUMBER BUSINESS NAME AREA OF ASSISTANCE OF HOURS COMPANY A FINANCIAL ACCOUNTING & 7 00 COSTING OF PRODUCTS COMPANY B MARKETING PLAN FOR 3.50 NEW TARGET MARKETS TOTAL CLIENT ASSESSMENT HOURS 10 5 IN -DEPTH COUNSELING BREAKDOWN FORMAT NUMBER BUSINESS NAME AREA OF ASSISTANCE OF HOURS COMPANY A COMPANY B ACCOUNTING RECORDS MARKETING TOTAL IN -DEPTH COUNSELING HOURS 32 50 20 00 52 50 COMPANY A: MR. J'S TAMALE & CHILIS COMPANY B CELESTIAL STUDIOS Economic Development Corporation of Los Angeles County ®v� 550 S. Vei mont Avenue, 3rd Floor Los Angrles, California 90020 (113) 387- 0322 CITY OF LYNWOOD BILLING FORMAT AND RECONCILIATION AUGUST - OCTOBER 1987 BILLING FORMAT ------------------ ------------------ TOTAL CONTRACT 500 HOURS $25,000 DURATION 6 MONTHS 6 MONTHS MONTHLY BILLING 83 00 HOURS $4,150.00 RECONCILIATION FORMAT ------------------------- --------------------------- TOTAL HOURS BILLED: AUGUST 1987 0 0 SEPTEMBER 1987 83 4,150 00 OCTOBER 1987 83 4,150 00 ---------------------- - - - - -- 166 $8,300.00 ---------------------- - - - - -- TOTAL HOURS INCURRED FOR THE PERIOD 8/1/87 TO 10/31/87 MARKETING \ 'ADMINISTRATION 19 00 950 00 FINANCIAL MODEL 10 00 500 00 CLIENT ASSESSMENTS 10 50 525 00 (See attached sheet for breakdown) IN -DEPTH COUNSELING 52 50 2625,00 (See attached sheet for breakdown) TOTAL HOURS INCURRED 92 00 $4,600.00 HOURS BILLED OVERAGE/ 74 00 $3,700.00 (UNDERAGE) 0 0