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Home My Public Portal AboutA 1990-03-14 LYNWOOD LOCAL DEVELOPMENT COMPANY4 LYNWOOD LOCAL DEVELOPMENT COMPANY BOARD OF DIRECTORS Wednesday, March 14, 1990 3:00 p.m. City Council Chambers Lynwood City Hall 11330 Bullis Road Lynwood, CA. 90262 BERNARD LAKE SECRETARY - TREASURER CELIA ARROYO MEMBER HARRY PRINS MEMBER I. OPENING CEREMONIES: A. CALL TO ORDER 1. Flag Salute 2. Roll Call B. Certification of Agenda Posting II. APPROVAL OF MINUTES - January 17, 1990 III. ITEMS FOR CONSIDERATION A. CHROME NICKEL PLATING FUNDING REQUEST E V D R E OF L' NwOO C 1 Ty CLERKS OV�JCE MAR � g 1990 pN� AM 1 ►2 3 ►4 ►� ►�� ► $ ► g � ► � p 1 1 . ► / d LEIGHTON HULL PRESIDENT LA VONEIA STEEL VICE PRESIDENT Mr. Nate Yovina of Chrome Nickel Plating will be making a direct appeal to the LLDC for assistance. Mr. Yovina initially applied for assistance on May 18, 1989 (nearly a year ago). He made a second request in November, 1989. However, staffing problems within the City and a personal delay experienced by mr. Yovina has prevented him from appearing prior to now. B. LOAN GRANTING CRITERIA (1st. Draft) LLDC staff has been trying to contact a consultant who can devise appropriate criteria. Staff currently does not have sufficient time to develop these guidelines in a timely fashion. Hopefully, by the next LLDC meeting staff will have the 1st, draft, as promised. e C. LLDC TAXES DUE In the interim between the last meeting and this one, Mr. Bernard Lake, LLDC Secretary- Treasurer, and staff paid an outstanding federal income tax bill for 1988. The bill was paid prior to board approval because of a levy placed on the LLDC account at World Savings. D. VACANT SEAT OF LA VONEIA STEEL The LLDC Board of Directors currently has a vacancy which was created by the resignation of Dr. Steele as superintendent of the Lynwood Unified School District. IV. STAFF ORALS A report on LLDC account balances and loan payments made by borrowers. V. BOARD ORALS VI. ADJOURNMENT - April 18, 1990 i lra \wsibm \LLDCoYer \sf i f T `J LYNWOOD LOCAL DEVELOPMENT COMPANY 10SUNJr42M January 17, 1990 LLDC Board Members Present: Chairman Leighton Hull Bernard Lake Harry Prins Celia Arroyo Absent: La Voneia Steele City Staff Present: Clarence Williams, - HCDA Manager OPENING CEREMONIES:. The meeting of the Lynwood Local Development Company was called to order at 3:00 p.m. The flag salute was waived. CERTIFICATION OF AGENDA POSTING: Mr. Williams advised the Agenda was posted in accordance to the Brown Act. APPROVAL OF MINUTES: A motion was made by Mr. Prins to accept the minutes of the meeting of December 13, 1989, as submitted. Motion seconded and passed. ITEMS FOR CONSIDERATION: A. J & A EXPRESS RESOLUTION Mr. Prins made a motion to accept the Resolution; seconded by Mr. Lake and carried. B. LLDC SIGNATURE CARD UPDATE Mr. Lake questioned the fact that he was told Mr. Kolitz should sign the signature card when in fact the card states authorized signatures. Mr. Williams explained that the cards should be signed by persons delegated by the Board, as authorized signatures. Mr. Williams suggested Mr. Karefa- Johnson as one of the signers, along with Mr. Hull and Mr. Lake. Mr. Williams also suggested a fourth signer; one who is easily available for signatures when necessary. Cards were signed at that time; one for World Savings and one for Home Bank. A discussion was held as to how and when to disburse $15,000 to J & A Express. It was decided to establish the remaining $5,000 in an account at Security Bank to be given to J & A Express at their request, with Board approval. C. LOAN GRANTING CRITERIA This item was tabled at the request of Mr. Williams. D. LLDC TAXES DUE This item was also tabled until next meeting. E. AUDIT LLDC BOOKS Mr. Williams asked the Board if they would like to use.the same person they used last year to audit the books. Being no objection, it was decided to do so. 1. • STAFF ORALS Iki reMe- BOARD ORALS Chairman Hull requested having the LLDC Agendas distributed early enough that the members could decide if a meeting was really necessary. The Board believes they should only meet at such times as everyone is actually needed, as some matters could be handled by only a few members. It was decided to skip the February meeting and reconvene on March 14, if needed. Chairman Hull said if something should come up before then, Staff can contact him and he would get everyone together for a meeting. Chairman Hull requested the Loan Granting Criteria be mailed to each member for their comments and returned to staff. Then, after a consensus has been reached, a meeting could be called. This was agreed to by all. With no further business to come before the Board, a motion was unanimously carried to adjourn to the meeting of March 14, 1990 at 3:00 p.m. lra \usibn \lldcmnts \sf • STATE OF CALIFORNIA — BUSINESS, TRANSPORTATION AND HOUSING AGENCY GEORGE DEUKMEJIAN, Governor DEPARTMENT OF COMMERCE L STREET, SUITE 800 SACRAMENTO, CA 95814 3 (916) 322 -3432 FAX (916) 322 -3524 November 8, 1989 L � Mr. Nate Yovina Bowman -Field (Chrome Nickel Plating) 2790 E. Century Blvd. Lynwood, CA 90262 Dear Mr. Yovina: This letter is a reminder that your annual QCSP fee in the amount of $97.00 is due on December 15, 1989. This fee must be paid by the due date in order for your business to maintain status as a Certified Business under the Employment And Economic Incentive Program. I have enclosed a list of Qualified Community Service Providers (QCSPs) in your area. Please send your fee directly to the QCSP of your choice and send verification of payment to this Office. If you have hired people from the program's target area in the past year, a reassessment of your workforce might lower or eliminate your fee. At your request, I will be happy to look over a current employee listing. In the event your fee is not paid, your company will be de- certified and you will no longer be eligible for the tax credits and incentives available under this program. If you have any questions, please contact your local zone coordinator. Sincerely, :ANAMS N HI Enterprise Zone Programs Enclosure cc: Francisco Jiminez 0 0 CHROME NICKEL PLATING 2800 EAST CENTURY BLVD LYNWOOD, CA 90262 November 1; 1989 Mr Kenr.ick R Karefa - Johnson Redevelopment Manager City of Lynwood 11330 Bullis Road Lynwood, Ca 90262 Dear Mr Karefa- Johnson Thank you very much for the time that you and Mr Mas spent with me last week From my perspective our meeting was very informative and productive Pursuant to the action item placed on me attached is a more or less complete list of the absolute essential components of the waste treatment system which we need to install in order to comply with county and federal waste treatment standards If we can not comply with these standards soon, I fear that our sewer connection will be blocked by the Sanitation District thus forcing us out of business We currently employ 60 full time people most of whom are from the Lynwood area Our weekly payroll averages over $18,500 If we were to be shut down for non compliance nearly $1 million in taxable income would be lost per year This would translate to approximately $250,000 in lost income taxes and approximately $20,000 in lost sales taxes, for each and ever year this company ;eases to exist Other impacts such as lost revenues to the various utilities, lost local taxes and permit fees and lost fees to local professionals such as doctors and lawyers are difficult to gauge, perhaps 30% of the remaining $1 4 million in revenues would not find its way to suppliers, municipalities and professionals local to Lynwood Whether or not you agree with my estimates you must certainly agree that the closing of Chrome Nickel Plating will have a significant impact on Lynwood both from lost tax base and increased social service burden 0 Mr Karefa - Johnson Nov 1, 1989 page 0 We need help in the form of financial assistance to bring this company into total compliance,so that we can continue, in business Last year was a disaster for us during which we lost over $300,000 This is not an easy loss to recover from We are on COD with most of our vendors and managing to pay down some of our more insistent creditors Our cashflow, although positive, is not extremely strong In short we are not very bankable This is why we need assistance of every form such as grants, favorable loan rates and guarantees. I appreciate the fact that your department has experienced some recent personnel changes that affect the work load that it is able to process However, Chrome Nickel Plating has had an application submitted since May 18, 1989 and now time is running out for us Please review the at- tached estimate and process our application on an expedited basis A lost day at this late date could cause the administrative machinery of the County Sanitation District to kick in, which may then be impossible to stop ours /AruLp,'/ N Yo ina Chrome IS" , Plating Attachment cc Mr Vicente Mas 0 CHROME NICKEL PLATING 2800 EAST CENTURY BLVD LYNWOOD, CA. 90262 WASTE TREATMENT FACILITY EQUIPMENT LIST QNT ITEM DESCRIPTION 1 1,650 gal Conical Bottom Tank 1 700 gal. Conical Bottom Tank 1 1,500 gal. Rectangular 3 Chambered Tank 1 Secured Sampling Facility 1 ORP Controller and Probe L Ph Controller and Probes 1 Ph Recorder and Probe 3 Chemical Feed Pumps 2 Tank Mounted Chemical Mixers 1 Sludge Transfer Diaphragm Pump 1 Filter Press 500ft CPVC Schedule 80 Pipe 1 5" thru 4 0" estm CPVC Schedule 80 Valves and'Fittings 600 Man -hours Labor (Contract and In- house) estm Spare Parts for System Maintenance 5100sf Asphalt Resurface Subtotal Tax and Inflation TOTAL APPROXIMATE COST $2455 00 1650 00 2000 00 388 00 670 00 1280 00 880 00 898 00 1.134 00 665 00 8750.00 2130 00 2000 00 9000 00 1500 00 4080.00 39480.00 4570 00 $44050 00 LYNWOOD REDEVELOPMENT AGENCY 11330 BULLIS ROAD LYNWOOD, CALIFORNIA 90282 (213) 8030220 Evelyn Wells, CHAIRPERSON Paul Richards, VICE CHAIRMAN Louis J. Heine, MEMBER Robert Henning, MEMBER E.L. Morris, MEMBER December 18, 1989 Mr. Nate Yovina Chrome Nickel Plating 2790 E. Century Blvd. Lynwood, CA 90262 RE: FUNDING REQUEST DATED MAY 18, 1989 Dear Mr. Yovina: This is to inform you of the status of your request for financial Y , assistance to bring your plant into compliance with pertinent environmental regulations. s. The Economic Development Division staff has reviewed your application and has determined that the most appropriate source to provide you the financial assistance you require is the Lynwood Local Development Company (LLDC). On January 17, 1989, staff will present our request before the ` LLDC Board at 3:00 p.m. Your presence at that meeting is Y ` requested. s Alternative funding sources will be researched in the event the Board decision would not be favorable to you. The City of Lynwood looks forward to working with you in our efforts to retain businesses in Lynwood. If you have any further questions or comments, at 213/603 -0220 ext. 291. Sincere *R.arefa- L Johnson Kenrick Interim Director of Community Development KRKJ /sf lra \13 \yovina \121889 \sf I can be reached