The Van Buren Township Local Development Financing Authority set a special meeting for 2 p.m., Monday, Aug. 3, and then cancelled that meeting.
The announcement on the township’s web site said the meeting was cancelled due to lack of quorum.
But at the work/study session of the VBT Board of Trustees at 4 p.m. Aug. 3, Supervisor Linda Combs said the meeting was cancelled because The PFM Group wants to meet with the board of trustees first before going to the LDFA.
The PFM Group is a financial consultant advising the township in the Visteon bond issue.
On the agenda for the Aug. 3 LDFA meeting that was cancelled was one item: “Discussion of LDFA funds-on-hand contribution as advised by Clark Hill, bond counsel and outlined by The PFM Group.”
At the July 21 meeting of the LDFA, Supervisor Combs said The PFM Group wanted to meet with the LDFA in closed-door session, but the Aug. 3 meeting agenda does not show a closed session.
At the July 21 meeting, Supervisor Combs said they could have that meeting with PFM at the LDFA’s September meeting, but LDFA Chairman Michael Dotson said he would like it as soon as possible and not wait until September. He said they could set a special meeting, and they did and that meeting fell through.
The next regularly scheduled meeting of the LDFA is 2 p.m., Tuesday, Sept. 8.
The Aug. 3 agenda shows nine members of the LDFA, although there should be a total of 11.
Members listed are Chairman Dotson, Leonard Armstrong, Chuck Covington, Danylo Dobrianksy [should be spelled Dobriansky], Chris Hayes, Shareen Barker, Doug Peters, James Williams, and Supervisor Combs.
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