Reference Desk
TIFA
Minutes
TIFA BOARD MEETING
March 25, 2008
4:00 p.m.
Minutes
Call to Order – Rev. Timothy Dilena, Chair
Meeting was called to order at 4:08 pm by
Rev. Dilena.
Roll Call – Yvette Robinson, Executive
Secretary
Present: Rev. Dilena, Rev. Hope, Annie Banks,
Yvette Robinson
Guest: Mr. Perrin Emanuel, HP Devco
Excused: Mr. Chappell
Ms. Robinson stated that Mr. Chappell had
advised the Board that he would not be at the
March or April meeting.
Late: Mr. Walker (came in at 4:38 pm)
Approval of Agenda - Rev. Timothy Dilena
The approval of the agenda was approved with
no changes.
Approval of February 11, 2008 Minutes - Rev.
Timothy Dilena
The minutes were approved unanimously.
Old Business
a. Resolutions
Ms. Robinson led the Board in
reviewing each resolution for clarity.
i. Election of Officers was
deemed ok by the Board.
ii. Change of Signatories on
Bank Accounts
This resolution was accepted
with the following corrections:
Delete Rev. Dilena & Rev. Hope
as signatories on all accounts.
iii. Re-Hiring of Lawrence R.
Walker P.C. as Legal Counsel
This resolution was accepted
by the Board.
New Business
b. Request for Proposal – Legal
Counsel
Ms. Robinson stated that the
Board was required to do an official
Request for Proposal regarding the
Board’s legal counsel to have an
official contract including fees.
She stated that Mr. Walker is aware
of the RFP and will submit a
proposal to represent the Board.
Rev. Dilena had the Board review
the Request for Proposal for Legal
Services specifically looking under
the SCOPE OF WORK, item B. Term for
a period of two (2) years; and item
C. Specific Duties of the position.
.
Discussion regarding RFP ensued.
The RFP will be distributed to a
particular list of law firms. The
deadline for submittals will be
April 8, 2008. The proposals will
then be emailed to each Board member
for review.
c. Wachovia Account
Rev. Dilena spoke to this account
and an email of recommendations from
Robert M. Stephens, 1st Vice
President of Investments at Wachovia
Securities on how to receive a
better yield on TIFA dollars. Rev.
Dilena suggested that each board
member take the next month to
inquire of knowledgeable financial
people on how best to invest the
dollars.
d. Public Comments (Agenda Items
Only)
There were no public comments –
agenda items.
Regular Monthly Meeting Schedule – Chair
Discussion took place to determine the best
day to hold monthly meetings. Consensus was for
the last Tuesday of each month at 4:00 pm. The
schedule will be distributed to this Board,
published in the Michigan Citizen, and mailed to
community block clubs.
Public Comments (Non-Agenda Items)
Perrin Emanuel suggested that the Board
consider hiring a consultant from an economic
standpoint. He suggested invited Ernie Zachary
to give a 5-7 minute presentation.
Action: Ms. Robinson said
that she would contact Mr.
Zachary as well as other
possible consultants.
It was determined that the consultants would
be added to the April meeting agenda to make
brief presentations about working with this
Board.
Announcements
e. Official Appointment of Yvette
Robinson
Ms. Robinson stated that the EFM has
appointed her as an active member of this
Board after determining that there is no
legal conflict for her participation.
f. Report from City Treasurer – April
Ms. Robinson stated that the City
Treasurer will have a full report prepared
for this Board at the April meeting.
g. 6th Annual Booker T. Washington
Business Association Breakfast – April 22,
2008
Ms. Robinson briefed the Board members
about this networking opportunity for the
Board.
Adjournment
Rev. Hope made a motion to adjourn the
meeting. The motion passed unanimously and
the meeting was dismissed at 5:00 pm.
Respectfully submitted on
_____________________
Yvette L. Robinson
Executive Secretary
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