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CITY OF MUSKEGON
LAKESIDE BUSINESS IMPROVEMENT DISTRICT
CORRIDOR IMPROVEMENT AUTHORITY
BOARD MEETING
DATE OF MEETING: Nov. 16, 2022
TIME OF MEETING: 9:00 a.m.
PLACE OF MEETING: City Hall Room 203, 933 Terrace St, Muskegon, MI
AGENDA
I Roll Call
II. Lakeside BID-CIA minutes, 5-18-22
Ill. — BID financial statements 10-31-22
IV. Funding decision on Christmas decorations 2022
V. Lakeside BID annual budget and work plan
VI. Lakeside CIA annual budget and work plan
Vil. Meeting schedule for 2023
VI. Adjourn
AMERICAN DISABILITY ACT POLICY FOR ACCESS TO OPEN MEETING OF THE
CITY COMMISSION AND ANY OF ITS COMMITTEES OR SUBCOMMITTEES
The City of Muskegon will provide necessary reasonable auxiliary aids and services, such as signers for the hearing
impaired and audio tapes of printed materials being considered at the meeting, to individuals with disabilities who want to
attend the meeting, upon twenty-four hour notice to the City of Muskegon. Individuals with disabilities requiring auxiliary
aids or services should contact the City of Muskegon by writing or calling the following:
Ann Marie Cummings, City Clerk
933 Terrace Street
Muskegon, MI 49440
(231) 724-6705
TTY/TDD: Dial 7-1-1 and request that a representative dial 231-724-6705
LAKESIDE BUSINESS IMPROVEMENT DISTRICT
CORRIDOR DEVELOPMENT AUTHORITY
REGULAR
BOARD MEETING
May 18, 2022 9:00am
MEETING MINUTES
Meeting called to order at 9:03am by M. Flermoen.
I. ROLL CALL
MEMBERS PRESENT: M. Flermoen, K. Fearnley, L. Hopson, A. Chambers, M. Lyonnais, R. Jenkins, A.
Serio
MEMBERS ABSENT: D. Ghezzi, L. Mikesell
OTHERS PRESENT: _ D. Alexander, S. Pulos
I. SELECTION OF A BOARD CHAIR
With Frank Peterson, who was the Chair, no longer on the board, Interim City Manager LeighAnn Mikesell
replaces him by state law. The Lakeside BID board discussed Mark Flermoen moving up from Vice-Chair
to the position of Chair.
lll. APPROVAL OF MINUTES
Motion by R. Jenkins, second by L. Hopson to approve the Lakeside BID Meeting Minutes from February
16, 2022.
Vote: 7 yays, 0 nays, 0 abstentions
MOTION PASSES
IV. ACTION ITEM: REVIEW OF FINANCES
The BID ended last month with $39,464 in your account. You have received the $35,000 in settlement
money for the Lakeshore Drive construction project and $23,276 in special assessments. You have paid for
the first year of three for snow removal and some advertising costs. I do not have an answer on your request
for a city share of the snow removal costs.
The remainder of the agenda is for discussion purposes -- review of the winter sidewalk snow removal
services, summer landscaping, summer events and Christmas decorations. A board member wanted a
decision on the disposition of the basketball hoops purchased last summer.
Motion by L. Hopson, second by A. Chambers to acknowledge the status of the finances currently.
Vote: 7 yays, 0 nays, 0 abstentions
MOTION PASSES
V. DISCUSSION ITEM: REVIEW OF SNOW REMOVAL SERVICES
First year, everything worked well, we will explore for years two and three.
VI. DISCUSSION ITEM: SUMMER LANDSCAPING RECAP
We decided that we would use the volunteer services of Mark F. and we will reimburse
materials.
VII. DISCUSSION ITEM: 2022 LAKESIDE SUMMER EVENTS
No events are planned — maybe Fall Harvest should be close to 10/18/2022 anniversary event, and the two
events could be coordinated.
VIII. ACTION ITEM: BASKETBALL HOOPS
The possibility of moving the hoops to McGraft was discussed. R. Jenkin’s vision was to get people into
Lakeshore Drive to see what’s there. The last few attempts by the Lakehawks didn’t work. Both the
Lakehawks and the Lakeside BID had investments into the rims. There are 6 basketball rims.
A motion was made by L. Hopson, seconded by A. Serio, to have the Lakehawks reimburse the Lakeside
BID for basketball rims in the future.
Roll Call Vote
L. Hopson: Yes M. Flermoen: Yes _ A. Serio: Yes K. Fearnley: Yes
A. Chambers: Yes M. Lyonnais: Yes __R. Jenkins: Obstain
MOTION PASSES
IX. ACTION ITEM: CHRISTMAS DECORATIONS
Christmas decorations for the 2022 season were discussed. The board agreed that bling was needed, the
pro’s and con’s of owning vs. renting decorations was talked about, as well as if the City could match the
funds spent towards the decorations. The possibility of using the NAM Grants that the City offers was
discussed too.
A motion was made by L. Hopson, seconded by R. Jenkins, to direct staff to see what $15,000 ($5k/$5k/$5k
= BID/City/Businesses) will do for Christmas Decorations from Wasserman’s to McCracken.
Roll Call Vote
L. Hopson: Yes M. Flermoen: Yes A. Serio: Yes K. Fearnley: Yes
A. Chambers: Yes M. Lyonnais: Yes __ R. Jenkins: Yes
MOTION PASSES
X. NEXT MEETING
The next scheduled meeting of the Lakeside CIA-BID will be 9/21/2022 at 9 a.m., Muskegon City Hall, 933
Terrace, Muskegon, MI 49440.
XI. ADJOURN
Motion by R. Jenkins, supported by A. Serio, to adjourn the meeting.
Vote: 7 yays, 0 nays, 0 abstentions
MOTION PASSES
Meeting adjourned by M. Flermoen at 10:27 am.
To: Lakeside Business Improvement Board
From: Dave Alexander, business development manager
Re: Oct. 31, 2022 financial statements
Date: 11-10-22
The financial statements show that you have $46,205.63 in your account at the
end of October. My estimate is that you will start next calendar year with
approximately $15,000 remaining in your account entering the third year of the
three year BID special assessments. That includes paying for all of this winters
snow removal, an estimate of your contribution to the holiday tree lights, support
of Lakeside holiday event and Visitors Guide for next year. Not included is a
payment from the Lake Hawks for the basketball hoops and $4,473 you are
banking in the CIA account.
You will need to have a motion to accept the financial reports.
11/10/2022 03:22 PM GL ACTIVITY REPORT FOR CITY OF MUSKEGON Page: 1/3
User: jessica.rabe
DB: Muskegon TRANSACTIONS FROM 01/01/2022 TO 10/31/2022
Type Description Reference # Debits Credits Balance
Date JNL
Fund 286 LAKESIDE BID
Assets
Department 000
Unclassified
286-000-001 CASH IN BANK BEG. BALANCE (1,600.80)
01/01/2022 543716 5,100.00 (6,700.80)
01/14/2022 CD CHK CHRISTMAS CREATIONS BY BAILEY 26514 (A) 13,440.00 (20,140.80)
01/21/2022 CD CHK ELITE INTEGRATED PEST MANAGEMENT B: 7521 35,000.00 14,859.20
01/31/2022 GJ JE TRANSFER FROM WTR FUND TO LAKESIDE 7637 2.76 14,861.96
01/31/2022 GJ JE INTEREST ON INVESTMENTS 543963 1,650.00 13,211.96
02/25/2022 CD CHK HARBOR HOUSE PUBLISHERS 7727 5.85 13,217.81
02/28/2022 GJ JE INTEREST ON INVESTMENTS 2,550.00 15,767.81
03/09/2022 CR RCPT SUMMARY CR POSTING: 03/09/2022 MR 7792 6.04 15,773.85
03/31/2022 GJ JE INTEREST ON INVESTMENTS 414.04 16,187.89
04/18/2022 CR RCPT SUMMARY CR POSTING: 04/18/2022 SPEC 5) ed Ba 23,276.82 39,464.71
04/19/2022 GJ JE POST LAKESIDE BID COLLECTIONS TO CIT? 8071 11.51 39,476.22
04/30/2022 GJ JE INTEREST ON INVESTMENTS 8146 11.51 39,487.73
04/30/2022 GJ JE INTEREST ON INVESTMENTS 807: 8147 11451. 39,476.22
04/30/2022 GJ JE TO REVERSE MANUAL JOURNAL ENTRY: 27750 (A) 231.78 39,244.44
05/13/2022 CD CHK MUSKEGON LAKESHORE CHAMBER OF COMM 8076 16.40 39,260.84
05/31/2022 GJ JE INTEREST ON INVESTMENTS 8142 16.40 39,277.24
05/31/2022 GJ JE INTEREST ON INVESTMENTS 8143 16.40 39,260.84
05/31/2022 GJ JE TO REVERSE MANUAL JOURNAL ENTRY: 807¢ 544450 146.00 39,114.84
06/10/2022 CD CHK LOUISE HOPSON 544451 341.29 38,773.55
06/10/2022 CD CHK MARK FLERMOEN 2,000.00 40,773.55
06/30/2022 CR RCPT SUMMARY CR POSTING: 06/30/2022 SPEC 7994 4,999.61 45,773.16
06/30/2022 GJ JE DIST OF FUNDS FROM 2021 SETTLEMENT 8096 Te I2 45,790.88
06/30/2022 GJ JE INTEREST ON INVESTMENTS 8144 1772 45,808.60
06/30/2022 GJ JE INTEREST ON INVESTMENTS 8145 17.72 45,790.88
06/30/2022 GJ JE TO REVERSE MANUAL JOURNAL ENTRY: 809¢ 45,790.88
07/01/2022 2022-23 Fiscal Year Begin 8352 19.08 45,809.96
07/31/2022 GJ JE INTEREST ON INVESTMENTS 8354 19.09 45,829.05
08/31/2022 GJ JE INTEREST ON INVESTMENTS 376.58 46,205.63
10/06/2022 CR RCPT SUMMARY CR POSTING: 10/06/2022 SPEC END BALANCE 68,761.13 20,954.70 46,205.63
10/31/2022 286-000-001
286-000-018 ACCOUNTS RECEIVABLE BEG. BALANCE 0.00
01/01/2022 2,550.00 2,550.00
02/16/2022 MRB BILL SUMMARY MRB 02/16/2022 2,550.00 0.00
03/09/2022 CR RCPT SUMMARY CR POSTING: 03/09/2022 MR 0.00
07/01/2022 2022-23 Fiscal Year Begin END BALANCE 2,550.00 2,550.00 0.00
10/31/2022 286-000-018
71,311.13 23,504.70 46,205.63
UNCLASSIFIED: Unclassified
71,311.13 3, 0U4. TU
TOTAL FOR DEPARTMENT 000
71, 311013 23,504.70 46,205.63
TOTAL Assets
Liabilities
Department 000
Unclassified
286-000-202 ACCOUNTS PAYABLE BEG. BALANCE 0.00
01/01/2022 0017 5,100.00 (5,100.00)
01/11/2022 AP INV LAKESIDE BUSINESS DISTRICT:HOLIDAY DE 543716 5,100.00 0.00
01/14/2022 CD CHK CHRISTMAS CREATIONS BY BAILEY 2/2 INV2145 13,440.00 (13,440.00)
01/18/2022 AP INV LAKESIDE SIDEWALK SNOW CLEARING: 26514 (A) 13,440.00 0.00
01/21/2022 CD CHK ELITE INTEGRATED PEST MANAGEMENTANDER MUS26605 1,650.00 (1,650.00)
02/23/2022 AP INV 1/2 PAGE AD:LAKESIDE BID:D.ALEX 543963 1,650.00 0.00
02/25/2022 CD CHK HARBOR HOUSE PUBLISHERS 1862 231.78 (231.78)
05/11/2022 AP INV ONE DAY IN MUSKEGON BROCHURES - 25% 1 27750 (A) 231.78 0.00
05/13/2022 CD CHK MUSKEGON LAKESHORE CHAMBER OF COMM I FB ADS 146.00 (146.00)
06/07/2022 AP INV LAKESIDE BID;FACEBOOK ADS REIMBURSE;F( SPRING 2022 341.29 (487.29)
06/07/2022 AP INV LAKESIDE BID:LANDSCAPING REIMBURSE 544450 146.00 (341.29)
06/10/2022 CD CHK LOUISE HOPSON 544451 341.29 0.00
06/10/2022 CD CHK MARK FLERMOEN 0.00
07/01/2022 2022-23 Fiscal Year Begin END BALANCE 20,909.07 20,909.07 0.00
10/31/2022 286-000-202
20,909.07 20,909.07 0.00
UNCLASSIFIED: Unclassified
20, 909.07 2U, 909.UT
TOTAL FOR DEPARTMENT 000
20,909.07 20,909.07 0.00
TOTAL Liabilities
Fund Equity
Department 000
Unclassified
286-000-399 FUND BALANCE UNRESERVED BEG. BALANCE (37979. 15)
01/01/2022 (3,979.75)
07/01/2022 2022-23 Fiscal Year Begin END BALANCE 0.00 0.00 (3,979.75)
10/31/2022 286-000-399
(3,979.75)
UNCLASSIFIED: Unclassified
03:22 PM GL ACTIVITY REPORT FOR CITY OF MUSKEGON Page: 2/3
11/10/2022
User: jessica.rabe
DB: Muskegon TRANSACTIONS FROM 01/01/2022 TO 10/31/2022
Type Description Reference # Debits Credits Balance
Date JNL
U.UU U.UU
TUTAL FOK DEPAKIMBNE UUU
(3,979.75)
TOTAL Fund Equity
Revenues
Department 000
TAXES & SPECIAL ASSESSMENTS
286-000-451 SPECIAL ASSESSMENTS BEG. BALANCE (9,885.83)
01/01/2022 414.04 (10,299.87)
04/18/2022 CR RCPT SUMMARY CR POSTING: 04/18/2022 SPEC 7777 23,276.82 (33,576.69)
04/19/2022 GJ JE POST LAKESIDE BID COLLECTIONS TO CIT? 2,000.00 (35,576.69)
06/30/2022 CR RCPT SUMMARY CR POSTING: 06/30/2022 SPEC 7994 4,999.61 (40,576.30)
06/30/2022 GJ JE DIST OF FUNDS FROM 2021 SETTLEMENT 0.00
07/01/2022 2022-23 Fiscal Year Begin 376.58 (376.58)
10/06/2022 CR RCPT SUMMARY CR POSTING: 10/06/2022 SPEC END BALANCE (376.58)
10/31/2022 286-000-451 0.00 31,067.05 (31,067.05)
Cumulative Net Debits and Credits:
31,067.05 (376.58)
4100: TAXES & SPECIAL ASSESSMENTS
FINES & PENALTIES
01/01/2022 286-000-665-004970 INTEREST INCOME BEG. BALANCE (21.56)
JE INTEREST ON INVESTMENTS 7637 2.76 (24.32)
01/31/2022 GJ 7727 5.85 (30.17)
02/28/2022 GJ JE INTEREST ON INVESTMENTS 7792 6.04 (36.21)
03/31/2022 GJ JE INTEREST ON INVESTMENTS 8071 11.51 (47.72)
04/30/2022 GJ JE INTEREST ON INVESTMENTS 8146 11.51 (59.23)
04/30/2022 GJ JE INTEREST ON INVESTMENTS 8147 11.51 (47.72)
04/30/2022 GJ JE TO REVERSE MANUAL JOURNAL ENTRY: 807: 8076 16.40 (64.12)
05/31/2022 GJ JE INTEREST ON INVESTMENTS 8142 16.40 (80.52)
05/31/2022 GJ JE INTEREST ON INVESTMENTS 8143 16.40 (64.12)
05/31/2022 GJ JE TO REVERSE MANUAL JOURNAL ENTRY: 807¢ 8096 17.72 (81.84)
06/30/2022 GJ JE INTEREST ON INVESTMENTS 8144 17.72 (99.56)
06/30/2022 GJ JE INTEREST ON INVESTMENTS 8145 VA 12 (81.84)
06/30/2022 GJ JE TO REVERSE MANUAL JOURNAL ENTRY: 809¢ 0.00
07/01/2022 2022-23 Fiscal Year Begin 8352 19.08 (19.08)
07/31/2022 GJ JE INTEREST ON INVESTMENTS 8354 19.09 (38.17)
08/31/2022 GJ JE INTEREST ON INVESTMENTS END BALANCE (38.17)
10/31/2022 286-000-665-004970 45.63 144.08 (98.45)
Cumulative Net Debits and Credits:
45.63 144.08 (38.17)
4700: FINES & PENALTIES
LICENSES & PERMITS
286-000-684 MISC. & SUNDRY BEG. BALANCE 0.00
01/01/2022 2,550.00 (2,550.00)
02/16/2022 MRB BILL SUMMARY MRB 02/16/2022 0.00
07/01/2022 2022-23 Fiscal Year Begin END BALANCE 0.00
10/31/2022 286-000-684 0.00 2,550.00 (2,550.00)
Cumulative Net Debits and Credits:
2,550.00 0.00
4200: LICENSES & PERMITS
INTEREST & OPERATING TRANSFERS
FT
286-000-699-500000 OP. TRANS FROM ENTERPRISE 1523 BEG. BALANCE 0.00
01/01/2022 35,000.00 (35,000.00)
01/31/2022 GJ JE TRANSFER FROM WIR FUND TO LAKESIDE B- 0.00
07/01/2022 2022-23 Fiscal Year Begin END BALANCE 0.00
10/31/2022 286-000-699-500000 0.00 35,000.00 (35,000.00)
Cumulative Net Debits and Credits:
35,000.00 0.00
4900: INTEREST & OPERATING TRANSFERS
45.63 00, 7Ol.13
TOTAL FOR DEPARTMENT 000
45.63 68,761.13 (414.75)
TOTAL Revenues
Expenditures
Department 704 LAKESIDE BID
CONTRACTUAL SERVICES
01/01/2022 286-704-801 CONTRACTUAL SERVICES BEG. BALANCE 15,487.94
INV OLIDAY DE
LAKESIDE BUSINESS DISTRICT:H 0017 5,100.00 20,587.94
01/11/2022 AP INV2145 13,440.00 34,027.94
01/18/2022 AP INV LAKESIDE SIDEWALK SNOW CLEARING: 2/2 MUS26605 1,650.00 35,677.94
02/23/2022 AP INV 1/2 PAGE AD:LAKESIDE BID:D.ALEXANDER 1862 231.78 35,909.72
05/11/2022 AP INV ONE DAY IN MUSKEGON BROCHURES - 25% 1 FB ADS 146.00 36,055.72
06/07/2022 AP INV LAKESIDE BID;FACEBOOK ADS REIMBURSE;I SPRING 2022 341.29 36,397.01
06/07/2022 AP INV LAKESIDE BID:LANDSCAPING REIMBURSE F¢ 0.00
07/01/2022 2022-23 Fiscal Year Begin END BALANCE 0.00
10/31/2022 286-704-801 20,909.07 0.00 20,909.07
Cumulative Net Debits and Credits:
20,909.07 0.00
5300: CONTRACTUAL SERVICES
11/10/2022 03:22 PM GL ACTIVITY REPORT FOR CITY OF MUSKEGON Page: 3/3
User: jessica.rabe
DB: Muskegon TRANSACTIONS FRON 01/01/2022 TO 10/31/2022
JNL Type Description Reference # Debits Credits Balance
Date
2U, 909.07 OT0U
TOTAL FOR DEPARTMENT 704 LAKESIDE BID
20,909.07 0.00
TOTAL Expenditures
113,174.90 113,174.90 41,811.13
TOTAL FOR FUND 286 LAKESIDE BID
Page: 1/1
11/10/2022 03:23 PM ACCOUNT BALANCE REPORT FOR CITY OF MUSKEGON
User: jessica. rabe
PERIOD ENDING 10/31/2022
DB: Muskegon
ACTIVITY FOR
2022-23 BEG. BALANCE MONTH YEAR-TO-DATE END BALANCE
AMENDED BUDGET 07/01/2022 10/31/2022 THRU 10/31/22 10/31/2022
GL NUMBER DESCRIPTION
Fund 286 - LAKESIDE BID
45,790.88 376.58 414.75 46,205.63
CASH IN BANK
Assets
286-000-001
45,790.88 376.58 414.75 46,205.63
TOTAL ASSETS
3,979.75 0.00 0.00 37979575
FUND BALANCE UNRESERVED
Fund Equity
286-000-399
3,979.75 0.00 0.00 3,979.75
TOTAL FUND EQUITY
:
0.00 376.58 376.58 376.58
SPECIAL ASSESSMENTS
Revenues
286-000-451 0.00 0.00 38.17 38,17
286-000-665-004970 INTEREST INCOME
0.00 376.58 414.75 414.75
TOTAL REVENUES
To: Lakeside BID-CIA board members
From: Dave Alexander, Muskegon business development manager
Date: 11-10-22
Re: Update since special meeting on Oct. 27, 2022
Please read the background from my memo on the Oct. 27 special meeting in your packet. You
did not have a quorum but those present directed me to work a deal with Preferred Lawn Care
for a scaled back tree wraps for this holiday season on Lakeshore Drive. Work on the 30 trees
had to be ordered and started for the lights to be up by Thanksgiving week. The contract
includes lights, installation, removal and storage for this season. The lights are the BIDs and can
be reinstalled next season at a reduced overall cost.
In your packet is the signed agreement with Preferred for a total price of $6,593.61, of which a
down payment of $3,296.81 was paid from Lakeside BID funds. The final half payment will be
due before the end ofthe year. The BID now has to determine how much of the total it will
support in collaboration with the Lakeside District Association and the Lakeside Neighborhood
Association.
Suggested motion:
| move to authorize the Lakeside BID to support the contract with Preferred Lawn Care for
$x, XXX in conjunction with funding from the LDA and the Lakeside Neighborhood Association.
To: Lakeside BID-CIA board members
From: Dave Alexander, Muskegon business development manager
Date: 10-25-22
Re: Special meeting on Oct. 27, 2022
The Lakeside BID board needs to decide how it wants to proceed with Christmas decorations.
There are really five options at this point:
1. A full contract with Preferred Landscaping for 60 tree light wraps and 45 light poles
wrapped in red with plastic garland. The materials can be reused and the cost will be
less next year. $17,695
2. Do only half of the Preferred Landscaping work. The lighted tree wraps would be
$11,332. The light pole wraps would be $6,363.
3. Get Christmas by Bailey to wrap the light poles and use fresh garland that is for one year
only. Last year’s cost was $5,100. The problem might be that Bill Bailey is having trouble
sourcing the fresh garland.
4. Dono Lakeshore Drive Christmas decorations and hold BID-CIA funds for future snow
removal and summer landscaping work.
5. A final option would be to put some financial resources toward producing and
promoting Holidays in Lakeside event.
| have put last year’s agreement in your packet with the overall quote from Preferred
Landscaping.
Staff has no recommendation. These are BID funds generated through special assessments and
the board really needs to make the decision on how to go forward.
You now have an estimated $28,000 between the BID and CIA. Your snow contract is basically
covered by annual revenues. Money spent this year will not be replaced in 2023. The CIA
revenues of $7,400 this year will grow in the future.
New Project
Estimate Approval - TC-055 IAW N(CARE
City Of Muskeg Preferred Lawn Care
halesile
933 Terrace Street
BID preferredlawncarewm@gmail.com
Muskegon, Michigan 49440 231-766-0006
Holiday lighting of lakeshore drive $5,618.61
These workareas are: Quoted Price pricing*
Holiday lighting of lakeshore Drive to include 30 trees. Trees will be wrapped in 5MM mini lights. Custom Extension cord will be made to
run to each light pole. This will include every other tree between the bridge and McCraken.
Lighting Removal and storage $975.00
These workareas are: Quoted Price pricing*
Removal and storage of holiday lighting for lakeshore drive
at / & = a7- OSD (due on signing) Down Payment $3,296.81
ate: sie s ncgeen S
(due on Final Payment $3,296.81
mindddjyyy)
Name:
Total $6,593.61
* Sales tax, if applicable, is not represented on this proposal
Signature:
Terms and Conditions:
Terms and Conditions
| agree with the price and terms of this Estimate. | also acknowledge that all materials will remain property of Preferred Lawn Caretheuntil
paid in full. | also acknowledge that this is only an estimate. Preferred Lawn Care and its associates make every attempt to keep
price of this estimate; however, this does not cover any unforeseen circumstances. Acceptance of proposal requires half down to
schedule job. Remaining balance is due at completion.
Please Note: All necessary permits to be acquired by homeowner / property manager prior to the start of any work being
performed. Homeowner / property manager is responsible for marking property lines, as well as wetlands borders of said
property. Homeowner/ property manager are responsible for locating and marking septic systems, irrigation systems, underground dog
fences, and wells.
* Quoted Price: The provided price will be the amount on the final invoice.
* Time and Materials Price: Is billed based on actual Labor and Materials, meaning the price shown is just an estimate.
* Flat Rate Price: Price shown is just an estimate, you will be billed on a “per service" basis.
New Project, created on Thursday, October 27, 2022 2:34 PM . Page 1 of 1
To: Lakeside BID board
From: Dave Alexander
Re: 2023 budget and work plan
Date: 11-10-22
The BID special assessments stated that you would be spending in the Lakeside District on
spring/fall cleanup, landscaping, sidewalk snow removal and marketing for attractions in the
district.
2023 will be the third and last year for the Lakeside BID special assessment. You should go into
the year with approximately $15,000 and receive approximately $24,944 of special assessment
revenues from 2023. The Lake Hawk owe the BID about $2,000 for basketball hoops. Your
biggest expense will be the last contract for sidewalk snow removal with Berry Ghezzi for
$26,880 for winter 2023-24. That will take service up to April 15, 2024.
The expenses for marketing-events and landscaping are estimates based upon past years. The
entire landscaping line item might dramatically change with the information from the city’s
landscaping bids.
You have $10,064 to spend on non-budgeted items in 2023 or have your fund balance roll over
to the CIA starting in 2024.
You need a motion to approve or amend the 2023 budget and work plan. Here is the staff
recommendation:
Fund balance Dec. 31, 2022: $15,000 (estimate)
Revenues 2023
Special assessments: $24,944
Lake Hawks: $2,000
Total: $26,944
Expenses 2023
Sidewalk snow removal: $26,880
Marketing-events: $1,000
Holiday decorations: $3,500
Landscaping: $500
Contingency: $10,064
Total: $41,944
Fund balance Dec. 31, 2023: 0
To: Lakeside CIA board
From: Dave Alexander
Re: 2023 budget and work plan
Date: 11-10-22
This is the first year that the tax increment authority has generated revenues. The estimate
from the city treasurer is that next calendar year you will have $7,473. The CIA board’s desire
has been to hold those funds as bridge funding when the BID goes away. The main costs for the
CIA going forward would be for sidewalk snow removal.
You need a motion to approve or amend the 2023 budget and work plan. Here is the staff
recommendation:
Fund balance Dec. 31, 2022: 0
Revenues 2023
Property tax increments: $7.474
Total: $7,473
Expenses 2023
Sidewalk snow removal, future services: $7,473
Total: $7,473
Fund balance Dec. 31, 2023: 0
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