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CITY OF MUSKEGON
LAKESIDE BUSINESS IMPROVEMENT DISTRICT-
CORRIDOR IMPROVEMENT AUTHORITY
BOARD MEETING
DATE OF MEETING: March 15, 2023
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, 11-16-22
III. BID financial statements 2-28-23
IV. Review of winter services ... snow removal and holiday decorations
V. Discussion of upcoming spring and summer.
VI. Lakeside BID renewal and options
VII. Lakeside business developments
VIII. 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
TTYffDD: Dial 7-1-1 and request that a representative dial 231-724-6705
LAKESIDE BUSINESS IMPROVEMENT DISTRICT-
CORRIDOR DEVELOPMENT AUTHORITY
REGULAR
BOARD MEETING
November 16, 2022 9:00am
MEETING MINUTES
Meeting called to order at 9:06am by M. Flermoen.
I. ROLL CALL
MEMBERS PRESENT: M. Flermoen, K. Fearnley, L. Hopson, M. Lyonnais, R. Jenkins
MEMBERS ABSENT: D. Ghezzi, L. Mikesell (excused), A. Serio, A. Chambers
OTHERS PRESENT: D. Alexander, S. Pulos
II. APPROVAL OF MINUTES
Motion by R. Jenkins, second by K. Fearnley to approve the Lakeside BID Meeting Minutes from 5-18-22.
Vote: 5 yeas, 0 nays, 0 abstentions
MOTION PASSES
III. ACTION ITEM: REVIEW OF FINANCES
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 winter's 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.
Motion by L. Hopson, second by K. Fearnley to acknowledge the status of the finances cmrently.
Vote: 5 yeas, 0 nays, 0 abstentions
MOTION PASSES
IV. ACTION ITEM: FUNDING DECISION ON CHRISTMAS DECORATIONS 2022
Information from the Oct. 27 special meeting was presented in the meeting packet. There was not a quorum
but those present directed Dave Alexander 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 staiied 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 the meeting packet a signed agreement was presented to the board 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 of the 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.
Motion by R. Jenkins, seconded by L. Hopson, to authorize the Lakeside BID to support the contract with
Preferred Lawn Care for $2,000 in conjunction with funding from the LDA and the Lakeside Neighborhood
Association.
Roll Call Vote
L. Hopson: Yes M. Flermoen: Yes K. Fearnley: Yes
M. Lyom1ais: Yes R. Jenkins: Yes
MOTION PASSES
V. ACTION ITEM: LAKESIDE BID ANNUAL BUDGET AND WORK PLAN
2023 will be the third and last year for the Lakeside BID special assessment. Lakeside BID 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. The groups 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.
Motion by L. Hopson, seconded by K. Fearnley, to approve the 2023 budget and work plan as
recommended by staff:
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
Roll Call Vote
L. Hopson: Yes M. Flermoen: Yes K. Fearnley: Yes
M. Lyonnais: Yes R. Jenkins: Yes
MOTION PASSES
VI. ACTION ITEM: LAKESIDE CIA ANNUAL BUDGET AND WORK PLAN
This is the first year that the tax increment authority has generated revenues. The estimate from the city
treasurer is that next calendar year the Lakeside BID 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.
Motion by L. Hopson, seconded by R. Jenkins, to approve the 2023 budget and work plan as recommended
by staff:
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
Roll Call Vote
L. Hopson: Yes M. Flermoen: Yes K. Fearnley: Yes
M. Lyonnais: Yes R. Jenkins: Yes
MOTION PASSES
VII. ACTION ITEM: MEETING SCHEDULE FOR 2023
The 2023 Lakeside BID Meeting Schedule (meetings all at 9am) was proposed to be as follows:
March 15 th
May 17th
September 20th
November 15 th
A motion was made by L. Hopson, seconded by A. Serio, to approved the 2023 Lakeside BID meeting
dates.
Vote: 5 yeas, 0 nays, 0 abstentions
MOTION PASSES
VIII. ADJOURN
Meeting adjourned by M. Flermoen at 9:49 am.
Lakeside Business Improvement District/
Lakeside Corridor Improvement Authority
Agenda item Ill for 3-15-23
Financial statement as of 2-28-23
Requesting party: City Economic Development
Outline of request: Staff is asking the Lakeside BID board to review and accept the BID financial
statement as of Feb. 28, 2023.
Background: The Lakeside BID ended 2022 with fund balance of $33,057 and after two months
of 2023 a fund balance of $17,778. All winter obligations for snow removal and Christmas
decorations have been met.
Staff comments: The BID anticipates receiving $24,000 in late spring for its last special
assessments. In addition, the Lakeside CIA will receive $7,473 for the first-year tax increment
revenue. In total, Lakeside will have $49,251 in available fund in 2023. The only standing
obligation is the $26,880 for next season's sidewalk snow removal, leaving $22,271 for
discretionary spending.
Staff recommendation: To accept the Lakeside BID financial statement as of Feb. 28, 2023.
Suggested motion: I move to accept the Lakeside Business Improvement District financial
statement as of Feb. 28, 2023.
03/06/2023 03:58 PM GL ACTIVITY REPORT FOR CITY OF MUSKEGON Page : 1/2
User: jessica.rabe
DB : Muskegon TRANSACTIONS FROM 01/01/2023 TO 02/28/2023
Date JNL Type Description Reference tt Debits Credits Balance
Fund 286 LAKESIDE BID
Assets
Department 000
Unclassified
01/01/2023 286-000-001 CASH IN BANK BEG. BALANCE 33 , 057 . 64
01/06/2023 CD CHI< ELITE INTEGRATED PEST MANAGEMENT 30359 (A) 13 , 440 . 00 19 , 617 . 64
01/27/2023 CD CHI< PREFERRED LAvlN CARE & SNOW PLOWING 545627 975 . 00 18 , 642 . 64
01/31/2023 GJ JE INTEREST ON INVESTMENTS 8667 10 . 77 18 , 653 . 41
02/ 1 0/2023 CD CHI< HARBOR HOUSE PUBLISHERS 54 5672 875 . 00 17 , 778.41
02/14/2023 GJ JE INTEREST ON INVESTMENTS 8660 16.11 17 , 794.52
02/14/2023 GJ JE TO REVERSE MANUAL JOURNAL ENTRY : 866( 8664 16 . 11 17 , 778.41
02/28/2023 286-000-001 END BALANCE 26 . 88 15 , 306.11 17 , 778.41
UNCLASSIFIED: Unclassified
TOTAL FOR DEPARTMENT 000
26.88
26.88
15 , 306 . 11
15, 3 06.11
17 , 778 . 41
I
TOTAL Assets 26 . 88 15 , 306 . 11 17 , 778.41
Fund Equity
Department 000
Unclassified
01/01/2023 286-000-399 FUND BALANCE UNRESERVED BEG . BALANCE (45 , 790.88)
02/28/2023 286- 000 - 399 END BALANCE 0 . 00 0.00 (45 , 790 . 88)
UNCLASSIFIED : Unclassified (45 , 790.88)
TOTAL FOR DEPARTMENT 000
TOTAL Fund Equity ( 45 , 790.88)
Revenues
Department 000
TAXES & SPECIAL ASSESSMENTS
01/01/2023 286-000-451 SPECIAL ASSESSMENTS BEG . BALANCE (1 , 838 . 24)
02/28/2023 286 - 000 - 451 END BALANCE 0.00 0.00 (1 , 838.24)
4100 : TAXES & SPECIAL ASSESSMENTS (1 , 838.24)
FI NES & PENALTIES
01/01/2023 286-000-665-004970 INTEREST INCOME BEG . BALANCE (111.42)
0 1 /31/2023 GJ JE INTEREST ON INVESTMENTS 8667 10.77 (122 . 19 )
02/14/2023 GJ JE INTEREST ON INVESTMENTS 8660 16 . 11 (138.30)
02/14/2023 GJ JE TO REVERSE MANUAL JOURNAL ENTRY : 866( 8664 16 . 11 (122 . 19)
02/28/2023 286-000-665 - 004970 END BALANCE 16.11 26.88 (122.19)
4700: FINES & PENALTIES 16.11 26 . 88 (122.19)
LICENSES & PERMI TS
01/01/2023 286-000-684 MISC. & SUNDRY BEG . BALANCE (4 , 593 . 00)
02/28/2023 286 - 000 - 684 END BALANCE 0 . 00 0.00 (4,593 . 00)
4200: LICENSES & PERMITS (4 , 593 . 00)
TOTAL FOR DEPARTMENT 000 26. 88
TOTAL Revenues 16 . 11 26 . 88 (6 , 553.43)
Expenditures
Department 704 LAKESIDE BID
CONTRACTUAL SERVICES
01/01/2023 286-704-801 CONTRACTUAL SERVICES BEG . BALANCE 19 , 275 . 90
01/03/2023 AP INV LAKESIDE BID SECOND AND FINAL SNOW RE 2309 13 , 440.00 32 , 7 1 5 . 90
01/12/2023 AP INV LAKESIDE BID CHRISTMAS DECORATIONS 43816 975.00 33 , 690.90
01/3 1 /2023 AP INV LAKESIDE BID VISITOR GUIDE 2023 NUS31128 875.00 34 , 565 . 90
02/28/2023 286- 704-801 END BALANCE 15,290.00 0 . 00 34,565 . 90
5300 : CONTRACTUAL SERVICES 15 , 290 . 00 34 , 565 . 90
TOTAL FOR DEPARTMENT 704 LAKESIDE BID 15 , 290.0 0
TOTAL Expenditures 15 , 290 . 00 34 , 565 . 90
03/06/2023 03:58 PM GL ACTIVITY REPORT FOR CITY OF MUSKEGON Page: 2/2
User: jessica.rabe
DB: Muskegon TRANSACTIONS FROM 01/01/2023 TO 02/28/2023
Date JNL Type Description Reference fl Debits Credits Balance
TOTAL FOR FUND 286 LAKESIDE BID 15,332.99 15,332.99 0.00
03/06/2023 03 : 57 PM GL ACTIVITY REPORT FOR CITY OF MUSKEGON Page : 1/2
User: jessica.rabe
DB : Muskegon TRANSACTIONS FROM 01/01/2022 TO 12/31/2022
Date JNL Type Description Reference II Debi ts Credits Balance
Fund 286 LAKESIDE BID
Assets
Department 000
Unclassified
01/01/2022 286-000-001 CASH IN BANK BEG. BALANCE (1 , 600.80)
01/14/2022 CD CHK CHRISTMAS CREATIONS BY BAILEY 543716 5,100.00 (6,700.80)
01/21/2022 CD CHK ELITE INTEGRATED PEST MANAGEMENT 265 14 (A) 13 ,440.00 (20,140 . 80)
01/31/2022 GJ JE TRANSFER FROM WTR FUND TO LAKESIDE B: 752 1 35,000.00 14,859 . 20
01/31/2022 GJ JE INTEREST ON INVESTMENTS 7637 2 . 76 14,861.96
02/25/2022 CD CHK HARBOR HOUSE PUBLISHERS 543963 1,650 . 00 13,211 . 96
02/28/2022 GJ JE INTEREST ON INVESTMENTS 7727 5 . 85 13 , 217.81
03/09/2022 CR RCPT SUMMARY CR POSTING : 03/09/ 2022 MR 2 ,550.00 15 ,767.81
03/31/2022 GJ JE INTEREST ON INVESTMENTS 7792 6.04 15 ,7 73 .85
04/18/2022 CR RCPT SUMMARY CR POSTING : 04/18/2022 SPEC 414 . 04 16 , 187.89
04/19/2022 GJ JE POST LAKESIDE BID COLLECTIONS TO CIT' 7777 23 , 276.82 39 , 464.71
04/30/2022 GJ JE INTEREST ON INVESTMENTS 8071 11. 51 39,476.22
04/30/2022 GJ JE INTEREST ON INVESTMENTS 81 46 11. 51 39,487.73
04/30/2022 GJ JE TO REVERSE MANUAL JOURNAL ENTRY : 807: 8147 11.51 39,476.22
05/13/2022 CD CHK MUSKEGON LAKESHORE CHAMBER OF COMM 27750 (A) 231.78 39,244.44
05/31/2022 GJ JE INTEREST ON INVESTMENTS 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 TO REVERSE MANUAL JOURNAL ENTRY : 807 1 8143 16.40 39 , 260 . 84
06/10/2022 CD CHK LOUISE HOPSON 544450 146 . 00 39 , 114 . 84
06/10/2022 CD CHK MARK FLERMOEN 544451 341. 2 9 38 , 773.55
06/30/2022 CR RCPT SUMMARY CR POSTING : 06/30/2022 SPEC 2 , 000 . 00 40,773.55
06/30/2022 GJ JE DIST OF FUNDS FROM 2021 SETTLEMENT 7994 4 , 999 . 61 45,773.16
06/30/2022 GJ JE INTEREST ON INVESTMENTS 8096 17.72 45,790.88
06/30/2022 GJ JE INTEREST ON I NVESTMENTS 8144 17. 72 45,808.60
06/30/2022 GJ JE TO REVERSE MANUAL JOURNAL ENTRY : 809 1 8145 17.72 45 , 790.88
07/01/2022 2022 - 23 Fi scal Year Begin 45,790.88
07/31/2022 GJ JE INTEREST ON INVESTMENTS 8352 19 . 08 45,809.96
08/31/2022 GJ JE INTEREST ON INVESTMENTS 8354 19.09 45,829 . 05
09/30/2022 GJ JE INTEREST ON INVESTMENTS 8451 19 . 10 45 , 848 . 15
10/06/2022 CR RCPT SUMMARY CR POSTING : 10/06/2022 SPEC 376.58 46,224.73
10/31/2022 GJ JE INTEREST ON INVESTMENTS 8511 19.18 46 , 243.91
11/01/2022 CR RCPT SUMMARY CR POSTING : 11/01/2022 SPEC 1 ,461.66 47 , 705 . 57
11/14/2022 CD CHK BANK OF AMERICA 29984(E) 3,420 . 81 44,284 . 76
11/30/2022 GJ JE INTEREST ON INVESTMENTS 8618 18 . 86 44 , 303.62
12/02/2022 CD CHK ELITE INTEGRATED PEST MANAGEMENT 30053(A) 13,440.00 30,863 . 62
12/07/2022 CR RCPT LAKESIDE BID 100764987 2,000.00 32,863.62
12/12/2022 CD CHK BANK OF AMERICA 30260(E) 2 , 415 . 09 30 , 448.53
12/19/2022 CR RCPT LAKESHORE HOLIDAY LIGHTS 100766347 2,593.00 33,041.53
12/31/2022 GJ JE INTEREST ON INVESTMENTS 8666 16.11 33,057.64
12/31/2022 GJ JE TO REVERSE MANUAL JOURNAL ENTRY : 866 1 8668 16 . 11 33,041.53
12/31/2022 GJ JE INTEREST ON INVESTMENTS 8669 16.11 33,057 . 64
12/31/2022 286-000-001 END BALANCE 74,905 . 15 40,246.71 33 , 057 . 64
UNCLASSIFIED : Unclassified 74,905 . 15 40 , 246 . 71 33,057 . 64
TOTAL FOR DEPARTMENT 000 14,905.15 40,246. Ii
TOTAL Assets 74 , 905.15 40 , 246.71 33,057 . 64
Fund Equity
Department 000
Uncl assified
01/01/2022 286-000-399 FUND BALANCE UNRESERVED BEG. BALANCE (3,979.75)
07/01/2022 2022 - 23 Fiscal Year Begin (45 , 790.88)
12/31/2022 286 -000-399 END BALANCE 0 . 00 0 . 00 (45 , 790 . 88)
UNCLASSIFIED: Unclassified (45,790.88)
TOTAL FOR DEPARTMENT 000
TOTAL Fund Equity (45,790.88)
Revenues
Department 000
TAXES & SPECIAL ASSESSMENTS
01/01/2022 286-000-451 SPECIAL ASSESSMENTS BEG. BALANCE (9 , 885.83)
04/18/2022 CR RCPT SUMMARY CR POSTING : 04/18/2022 SPEC 414.04 (10,299 . 87)
04/19/2022 GJ JE POST LAKESIDE BID COLLECTIONS TO CIT' 7777 23,276 . 82 (33,576.69)
06/30/2022 CR RCPT SUMMARY CR POSTING : 06/30/2022 SPEC 2 , 000 . 00 (35,576.69)
06/30/2022 GJ JE DIST OF FUNDS FROM 2021 SETTLEMENT 7994 4,999.61 (40,576.30)
07/01/2022 2022 - 23 Fiscal Year Begin 0 . 00
10/06/2022 CR RCPT SUMMARY CR POSTING : 10/06/2022 SPEC 376 . 58 (376.58)
11/01/2022 CR RCPT SUMMARY CR POSTING : 11/01/2022 SPEC 1,461.66 (1,838.24)
12/31/2022 286 - 000-451 END BALANCE (1 , 838 . 24)
Cumulative Net Debits and Credits: 0.00 32,528.71 (32,528 . 71)
4100 : TAXES & SPECIAL ASSESSMENTS 32,528 . 71 (1,838 . 24)
03/06/2023 03:57 PM GL ACTIVITY REPORT FOR CITY OF MUSKEGON Page : 2/2
User: jessica.rabe
DB: Muskegon TRANSACTIONS FROM 01/01/2022 TO 12/31/2022
Date JNL Type Description Reference II Debi ts Credits Balance
FINES & PENALTIES
01/01/2022 286-000-665-004970 INTEREST INCOME BEG . BALANCE: (2 1. 56)
01/31/2022 GJ JE INTEREST ON INVESTMENTS 7 637 2.76 (24. 32)
02/28/2022 GJ JE INTEREST ON INVESTMENTS 7727 5 . 85 (30.17)
03/31/2022 GJ JE INTEREST ON INVESTMENTS 7792 6.04 (36. 21)
04/30/2022 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 TO REVERSE MANUAL JOURNAL ENTRY : 807 : 8147 11. 51 (47 . 72)
05/31/2022 GJ JE INTEREST ON INVESTMENTS 8076 16. 40 ( 64 . 12)
05/31/2022 GJ JE INTEREST ON INVESTMENTS 8142 16 . 40 (80. 52)
05/31/2022 GJ JE TO REVERSE MANUAL JOURNAL ENTRY : 807( 8143 16 . 40 ( 64 .12)
06/30/2022 GJ JE INTEREST ON INVESTMENTS 8096 17 . 72 (81.84)
06/30/2022 GJ JE INTEREST ON I NVESTMENTS 6144 17. 72 (99 .56)
06/30/2022 GJ JE TO REVERSE MANUAL JOURNAL ENTRY : 8091 8145 17. 72 (81.84)
07/01/2022 2 022 - 23 Fi scal Year Begin 0.00
07/31/2022 GJ JE INTEREST ON INVESTMENTS 8352 19 . 08 ( 19 . 08)
08/31/2022 GJ JE INTEREST ON INVESTMENTS 8354 19 . 09 (38.17)
09/30/2022 GJ JE INTEREST ON INVESTMENTS 8451 19 . 10 (57.27)
10/31/2022 GJ JE INTEREST ON INVESTMENTS 8511 19.18 (76. 45)
11/30/2022 GJ JE INTEREST ON INVESTMENTS 8618 18.86 (95 . 31)
12/31/2022 GJ JE INTEREST ON INVESTMENTS 8666 16.11 (111.42)
12/31/2022 GJ JE TO REVERSE MANUAL JOURNAL ENTRY : 8661 8668 16 . 11 (95 . 31)
12/31/2022 GJ JE INTEREST ON INVESTMENTS 8669 16 .11 (111.42)
12/31/2022 286-000-665 - 004970 END BALANCE (111 . 42)
Cumulative Net Debits and Credits: 61. 74 233.44 (171. 70)
4700 : FINES & PENALTIES 61 . 74 233.44 (111.42)
LICENSES & PERMITS
01/01/2022 286-000-684 MISC. & SUNDRY BEG. BALANCE 0 . 00
02/16/2022 MRB BILL SUMMARY MRB 02/16/2022 2 , 550.00 (2 , 550 . 00)
07/01/2022 2022 - 23 Fi scal Year Begi n 0.00
12/07/2022 CR RCPT LAKESIDE BID 100764987 2 , 000 . 00 (2 , 000.00)
12/19/2022 CR RCPT LAKESHORE HOLIDAY LIGHTS 100766347 2 , 593.00 (4 , 593 . 00)
12/31/2022 286-000-684 END BALANCE (4 , 593 . 00)
Cumulative Net Debits and Credits: 0 . 00 7 , 143 . 00 (7 , 143.00)
4200 : LICENSES & PERMITS 7,143 . 00 (4 , 593 . 00)
TOTAL FOR DEPARTMENT 000 39 , 905. 1 5
TOTAL Revenues 61 . 74 39 , 905 . 15 (6,542 . 66)
Expenditures
Department 704 LAKESIDE BID
CONTRACTUAL SERVICES
01/01/2022 286-704-801 CONTRACTUAL SERVICES BEG . BALANCE 15 , 487 . 94
01/11/2022 AP INV LAKESIDE BUSINESS DISTRICT : HOLIDAY DI 0017 5,100 . 00 20,587 . 94
01/18/2022 AP INV LAKESIDE SIDEWALK SNOW CLEARING : 2/2 INV2145 13 , 440.00 34 , 027 . 94
02/23/2022 AP INV 1/2 PAGE AD : LAKESIDE BID : D. ALEXANDER MUS26605 1 , 650 . 00 35,677.94
05/11/2022 AP INV ONE DAY IN MUSKEGON BROCHURES - 25% l 1862 231.78 35 , 909.72
06/07/2022 AP INV LAKESIDE BID; FACEBOOK ADS REIMBURSE ; l FB ADS 146.00 36 , 055.72
06/07/2022 AP INV LAKESIDE BID : LANDSCAPING REIMBURSE F< SPRING 2022 341. 2 9 36 , 397.01
07/01/2022 2022 - 23 Fiscal Year Begin 0 . 00
11/14/2022 AP INV SQ PREFERRED LAWN CARE A - holiday ( 10 / 27 / 2022 3 , 420 . 81 3 , 420 . 81
11/29/2022 AP INV LAKESIDE SIDEWALK SNOW CLEARING INV2306 13,440.00 1 6 , 860 . 81
12/12/2022 AP INV SQ PREFERRED LAWN - holiday service1 12/05/2022 2 , 415 . 09 19 , 275.90
12/31/2022 286-704 - 801 END BALANCE 19 , 275 . 90
Cumulative Net Debits and Credits: 40 , 184 . 97 0.00 40 , 184.97
5300 : CONTRACTUAL SERVICES 40,184 . 97 19 , 275.90
TOTAL FOR DEPARTMENT 704 LAKESIDE BID 40 , 184 . 91
TOTAL Expenditures 40 , 184.97 19,275.90
TOTAL FOR FUND 286 LAKESIDE BID 115 , 151.86 80 , 151.86 0.00
To: Lakeside BID-CIA board members
From: Dave Alexander, BID manager
Date: March 13, 2023
Re: Need for BID renewal and process
The three-year Lakeside Business Improvement District special assessment ends
Dec. 31, 2023. City staff recommends renewing the BID for another three years of
transition to the Corridor Improvement Authority. The CIA will not generate
enough revenues in 2024, 2025 and 2026 to maintain current BID activities of
sidewalk snow removal, Christmas decorations, minimal marketing and event
support. The packet includes the BID and CIA budgets for 2023.
The BID currently has an assessment rate of 5 cent per square foot of assessed
commercial property, capped at $2,000 and 2.5 cents per square foot of assessed
automotive or utility property, capped at $1,000. That produces approximately
$24,000 a year. The CIA is producing revenues significantly faster than initially
estimated. However, the CIA should only be reaching the $24,000 of annual
revenues by 2027. Staff hopes to have an updated CIA tax increment table at the
Wednesday meeting.
Since the CIA will provide the Lakeside District new revenues over the next three
years, the BID board might want to consider reducing the special assessment rate
to 4 cents and 2 cents per square foot, which would generate roughly $19,200.
This might be advantageous in selling a renewal in the district. The board might
also consider recommending that this be the last renewal of the BID and the
special assessments would will end in 2026.
Staff is looking at a consensus from the BID board on the question of a renewal,
for how long and at what rate. Staff will then begin working on the
documentation and process for renewal. Your packet includes a memo outlining a
potential process and dates for renewal.
Lakeside Business Improvement District
Three-Year Renewal Process
• The BID board would consider renewal at how many years and at
what special assessment rate at its May 17, 2023 meeting.
• City staff would prepare documentation for final BID board
recommendation to the Muskegon City Commission at the June
21, 2023 BID meeting.
• The Muskegon City Commission must conduct two public hearings
and take two affirmative votes by Oct. 31 to have proposed
special assessments on the winter tax bill in 2024.
• All of the needed renewal documentation will need to be sent by
July 1 to City Assessor David Becker at the Muskegon County
Equalization Bureau for a needed benefit analysis letter. That
letter will be need to be provided the city by Aug. 1.
• City staff will provide a BID update, the renewal recommendation
and overview of the process for the Muskegon City Commission at
the Aug. 14 work session.
• The two public hearings would be Aug. 29 to approve the district
and the assessment rate and Sept. 26 to approve the special
assessment roll.
• For the Aug. 29 public hearing there needs to be two notices
placed in The Chronicle Sundays Aug. 12 and Aug. 19.
• For the Aug. 29 public hearing, a notice of the public hearing to
property owners needs to be mailed by Aug. 17.
• For the Sept. 26 public hearing there needs to be two notices
placed in The Chronicle Sundays Sept. 9 and Sept. 16.
• For the Sept. 26 public hearing, a notice of the public hearing to
property owners mailed by Sept. 14.
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: $7.473
Total: $7,473
Expenses 2023
Sidewalk snow removal, future services: $7,473
Total: $7,473
Fund balance Dec. 31, 2023: 0
30 Year TIF Table Lakeside Corridor Improvement Authority
Estimates 1.5% Annualized Average Taxable Value Increment
Year TV TV Gain TIF Revenues
2021 (Base Year) $ 6,594,883 .00 $ $
2022 $ 6,693,806.25 $ 98,923.24 $ ~~ ~7J L/?3
2023 $ 6,794,213 .34 $ 199,330.34 $ 5,016.59
2024
2025
$
$
6,896,126.54
6,999,568.44
$
$
301,243.54
404,685.44
$
$
7,581.46
10,184.80
cac-+ua/)
2026 $ 7,104,561.96 $ 509,678.96 $ 12,827.19
2027 $ 7,211,130.39 $ 616,247.39 $ 15,509.22
2028 $ 7,319,297.35 $ 724,414.35 $ 18,231.48
2029 $ 7,429,086.81 $ 834,203 .81 $ 20,994.57
2030 $ 7,540,523.11 $ 945,640.11 $ 23,799.11
2031 $ 7,653,630.96 $ 1,058,747.96 $ 26,645.72
2032 $ 7,768,435.42 $ 1,173,552.42 $ 29,535.03
2033 $ 7,884,961.95 $ 1,290,078.95 $ 32,467.68
2034 $ 8,003,236.38 $ 1,408,353.38 $ 35,444.31
2035 $ 8,123,284.93 $ 1,528,401.93 $ 38,465.60
2036 $ 8,245,134.20 $ 1,650,251.20 $ 41,532.20
2037 $ 8,368,811.22 $ 1,773,928.22 $ 44,644.81
2038 $ 8,494,343 .38 $ 1,899,460.38 $ 47,804.10
2039 $ 8,621,758.53 $ 2,026,875.53 $ 51,010.78
2040 $ 8,751,084.91 $ 2,156,201.91 $ 54,265.56
2041 $ 8,882,351.19 $ 2,287,468.19 $ 57,569.17
2042 $ 9,015,586.45 $ 2,420,703.45 $ 60,922.33
2043 $ 9,150,820.25 $ 2,555,937 .25 $ 64,325.78
2044 $ 9,288,082.55 $ 2,693,199.55 $ 67,780.29
2045 $ 9,427,403.79 $ 2,832,520.79 $ 71,286.62
2046 $ 9,568,814.85 $ 2,973,931.85 $ 74,845.54
2047 $ 9,712,347.07 $ 3,117,464.07 $ 78,457.84
2048 $ 9,858,032.28 $ 3,263,149.28 $ 82,124.33
2049 $ 10,005,902.76 $ 3,411,019.76 $ 85,845 .82
2050 $ 10,155,991.30 $ 3,561,108.30 $ 89,623 .12
2051 $ 10,308,331.17 $ 3,713,448.17 $ 93,457.09
PLAN TOTALS $ 3,713,448.17 $ 1,344,687.77
--- ?'"
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