Local Development Finance Authority

About

The Local Development Finance Authority (LDFA) is governed by an 11-member Board with 7 members appointed by the Mayor and subject to confirmation by the City Council, 2 representing local school districts, 1 representing Wayne County and 1 representing Wayne County Community College. Members are appointed to 4 year terms.

The Authority's primary objective is to encourage local development to prevent conditions of unemployment and to promote economic growth.

Area of District

The LDFA district includes an area of the City along N Newburgh between Ford Rd to the north and Glenwood to the south.  The LDFA District Map (PDF) shows the specific parcels that are included in the LDFA district.

Members

  • Robert Farsakian, Chair
    Term expires: February 8, 2026
  • Dan Block
    Term expires: July 1, 2023
  • Ramzi El Gharib
    Term expire: July 1, 2023
  • Vacant
    Term expires: 
  • Cheryl Newton
    Term expires: April 15, 2027
  • John Sullivan
    Term expires: February 5, 2026
  • Aubrey Merhib, City Liaison

  • Vacant
    Term expires: July 1, 2023
  • Glenn Anderson, County Representative

  • Geno Montayne, School Representative

  • Tony Spisak, School Representative

  • Anthony Arminiak, Wayne County Community College Representative

Desired Skills

  • Business and Real Estate Development / Marketing Background
  • Banking / Finance Background
  • Tax / Finance Law Background
  • Architecture Background
  • Commercial Business Management Background

Diversity Breakdown

The information provided in the charts below and under each individual Board or Commission was self reported and the City does not warrant the accuracy of the information.

Age Breakdown
Ethnicity Breakdown
LDFA Age BreakdownLDFA Ethnicity Breakdown
Gender Breakdown
Geography Breakdown
LDFA Gender BreakdownLDFA Geography Breakdown

Plan and Amendments

View Most Recent LDFA Amendment (PDF) | View All Amendments and Original Plan

Budget

View Most Recent LDFA Budget (PDF) | View All Budgets

Accomplishments and Progress Reports

View Most Recent LDFA Report (PDF) | View All Reports

By-Laws

View the current LDFA by-Laws (PDF)

Contracts

View All LDFA Contracts

Meetings

The board meets the second Tuesday of each month.
View the Boards and Commission Calendar for meeting information.

Agendas & Minutes

Agendas are available prior to the meetings. Minutes are available following approval.
View Most Recent Agendas and Minutes (PDF) | View All Agendas and Minutes