Board meetings, strategic plans, and buyer signals from Kevin Smith’s organization
Mar 21, 2022·BoardMeeting
Board
State Building Authority Meeting Minutes
The board reviewed the commercial paper program and 2021 audit results, receiving a clean unmodified opinion. Elections were held for the positions of Chair and Vice-Chair. Several resolutions were approved, including the appointment of a new Executive Director. The board also authorized Construction Agreements, Conveyance of Property, and Lease and Easement Agreements for new projects at Delta College, Ferris State University, and Western Michigan University. Additionally, the board approved a lease amendment and easement agreement regarding the Alpena Community College Instructional Addition/Renovation project.
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The meeting encompassed several key operational and financial discussions. Updates were provided on the Commercial Paper Program, including the current status of outstanding projects and interest rates. The board conducted an annual audit review, which resulted in a clean report with no findings. New business included the approval of a lease amendment for the North Central Michigan College project, the authorization for three new projects to move into the Commercial Paper program, and the approval of the resolution for the Oakland University South Foundation Hall project bond issue. Additionally, a presentation on market conditions and 2025 bonding plans was delivered, and updates were provided regarding the Authority's office location transition and hybrid work policy.
Jun 8, 2021·BoardMeeting
Board
State Building Authority Meeting Minutes
The board reviewed the status of the Commercial Paper Program, noting current projects, outstanding debt amounts, and interest rates, and received an update on the completed annual audit and internal control findings. Resolutions were approved for an easement agreement with the City of Lansing Board of Water and Light, as well as property conveyances and lease amendments for Schoolcraft College. Additionally, the board authorized construction agreements and leases for projects entering the Commercial Paper Program and confirmed rental determinations for numerous state department and university facilities. Finally, the board authorized the issuance and sale of the 2021 Revenue and Revenue Refunding Bonds, Series I and II.
Jun 21, 2022·BoardMeeting
Board
State Building Authority Meeting Minutes
The board reviewed the commercial paper program and approved resolutions regarding construction agreements, property conveyance, and lease agreements for various facilities. The authority authorized the sale and issuance of Commercial Paper Notes, Series 9, and the 2022 Revenue and Revenue Refunding Bonds, Series I and II. Additionally, the board approved resolutions determining rental and confirming matters regarding the conveyances of property and leases for several state and educational projects.
Extracted from official board minutes, strategic plans, and video transcripts.
