Carrie Leahy has been appointed as one of six Ann Arbor representatives to the 9-member local development finance authority (LDFA) board. She replaces Theresa Carroll, whose term expired six months ago, on June 30, 2012. The vote came on a vote taken by the Ann Arbor city council at its Jan. 7, 2013 meeting.
The LDFA is a tax-increment finance (TIF)-funded entity that comprises the geographic area of the city of Ann Arbor’s downtown development authority, as well as the city of Ypsilanti’s DDA. The LDFA is separate and distinct from the nonprofit Ann Arbor SPARK, which operates a business accelerator under contract with the LDFA. [The Chronicle is able to offer only occasional coverage of the LDFA. From June 2012: "SmartZone Group OKs SPARK Contract."]
Leahy is an attorney with Bodman who specializes in “general corporate transactions, mergers and acquisitions, compliance with securities regulations, and issues involving venture capital funding.”
Other Ann Arbor representatives on the LDFA board include Richard Beedon and former city councilmember Stephen Rapundalo. Christopher Taylor is also one of the six Ann Arbor representatives, filling the slot that goes to a member of the city council. Based on the city of Ann Arbor’s Legistar online record system, former Ann Arbor representative Lisa Kurek’s term also expired on June 30, 2012. Leahy’s appointment leaves Ann Arbor two representatives short.
The city of Ypsilanti is currently represented by Vince Chmielewski and Phil Tepley. The term for the third Ypsilanti appointment, Mark Maynard, expired on June 30, 2012, according Legistar.
This brief was filed from the city council’s chambers on the second floor of city hall, located at 301 E. Huron. A more detailed report will follow.