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CITY OF MUSKEGON
LAKESIDE BUSINESS IMPROVEMENT DISTRICT-
CORRIDOR IMPROVEMENT AUTHORITY
BOARD MEETING
DATE OF MEETING: April 19 2023
TIME OF MEETING: 9:00 a.m.
PLACE OF MEETING: City Hall Room 204, 933 Terrace St, Muskegon, MI
AGENDA
I. Roll Call
II. Lakeside BID-CIA minutes, 3-15-23
III. BID financial statements, 3-31-23
IV. Lakeside BID renewal options and direction
V. MML Foundation grant application – crosswalk art project
VI. Report from the Lakeside District Association
VII. Adjourn
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OF ITS COMMITTEES OR SUBCOMMITTEES
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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, 24- 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 at 933 Terrace Street, Muskegon, MI 49440 or by calling (231) 724-6705 or TTY/
TDD: Dial 7-1-1 and request that representative dial 231-724-6705
LAKESIDE BUSINESS IMPROVEMENT DISTRICT-
CORRIDOR DEVELOPMENT AUTHORITY
REGULAR
BOARD MEETING
March 15, 2023
MEETING MINUTES
Meeting called to order at 9:08am by M. Flermoen.
I. ROLL CALL
MEMBERS PRESENT: M. Flermoen, K. Fearnley, L. Hopson, M. Lyonnais, R. Jenkins, D. Ghezzi
MEMBERS ABSENT: D. Ghezzi, J. Seyferth (excused), A. Serio, A. Chambers
OTHERS PRESENT: D. Alexander, C. Alexander, S. Green, W. Webster
II. APPROVAL OF MINUTES
Motion by K. Fearnley, second by R. Jenkins to approve the Lakeside BID Meeting Minutes from 11-16-22.
Vote: 6 yeas, 0 nays, 0 abstentions
MOTION PASSES
III. ACTION ITEM: REVIEW OF FINANCES
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. 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.
Motion by L. Hopson, second by K. Fearnley to accept the Lakeside Business Improvement District
financial statement as of 2-28-23.
Vote: 6 yeas, 0 nays, 0 abstentions
MOTION PASSES
IV. REVIEW OF WINTER SERVICES-SNOW REMOVAL AND HOLIDAY DECORATIONS
A discussion on the acceptance and approval of the services and holiday decorations was made. Lighting
issues were addressed due to electrical issues and sparse decorations throughout.
Design approval for local made 46” stars for the poles (66). There is power on every pole and would be
white and blue LED lights to be used during other holidays as well. Agreement to have a demo model star
for final approval.
6 yeas, 0 nays
V. DISCUSSION OF UPCOMING SPRING AND SUMMER
There was discussion on the upcoming spring and summer seasons. A City sponsored event was previously
agreed to when the roads reopened was cancelled due to Covid. D. Alexander to follow up with the Clerk’s
office and a proposal will be submitted. Various options for neighborhood events i.e. seed packets, artists
for bike path or district, official fall festival, etc. Another discussion for an event organizer. D. Alexander
to talk to Carla and other options to be discussed at next meeting.
All were in favor, 0 nays
VI. LAKESIDE BID RENEWAL AND OPTIONS
Staff is looking at a consensus from the BID board on the question of renewal, for how long and at what
rate. Staff will begin working on documentation and process for renewal. A proposal at $.04 and $.02 will
be presented. Staff gave the process for public hearings and commission meetings where the people can
weigh in and what the assessments will be for the property owners. This is discussion only.
VII. LAKESIDE BUSINESS DEVELOPMENT
Staff gave update on new pizza location. New coffee shop and donut shop will be coming into the old
Pierogi Shack location on Lakeshore for mid April opening. Tiki Boyz is back in town and planning on mid
to late April. Tiny Houses are in the final stages. Plumbing and electric have been installed. Currently
looking for someone to takeover the “hot dog” place.
VIII. ADJOURN
Meeting adjourned by M. Flermoen at 10:29 am.
04/11/2023 12:23 PM GL ACTIVITY REPORT FOR CITY OF MUSKEGON Page: 1/2
User: jessica.rabe
DB: Muskegon TRANSACTIONS FROM 01/01/2023 TO 03/31/2023
Date JNL Type Description Reference # 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 CHK ELITE INTEGRATED PEST MANAGEMENT 30359(A) 13,440.00 19,617.64
01/27/2023 CD CHK PREFERRED LAWN CARE & SNOW PLOWING 545627 975.00 18,642.64
01/31/2023 GJ JE INTEREST ON INVESTMENTS 8667 10.77 18,653.41
02/10/2023 CD CHK HARBOR HOUSE PUBLISHERS 545672 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: 8660 8664 16.11 17,778.41
03/31/2023 286-000-001 END BALANCE 26.88 15,306.11 17,778.41
UNCLASSIFIED: Unclassified 26.88 15,306.11 17,778.41
TOTAL FOR DEPARTMENT 000 26.88 15,306.11
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)
03/31/2023 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)
03/31/2023 286-000-451 END BALANCE 0.00 0.00 (1,838.24)
4100: TAXES & SPECIAL ASSESSMENTS (1,838.24)
FINES & PENALTIES
01/01/2023 286-000-665-004970 INTEREST INCOME BEG. BALANCE (111.42)
01/31/2023 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: 8660 8664 16.11 (122.19)
03/31/2023 286-000-665-004970 END BALANCE 16.11 26.88 (122.19)
4700: FINES & PENALTIES 16.11 26.88 (122.19)
LICENSES & PERMITS
01/01/2023 286-000-684 MISC. & SUNDRY BEG. BALANCE (4,593.00)
03/31/2023 286-000-684 END BALANCE 0.00 0.00 (4,593.00)
4200: LICENSES & PERMITS (4,593.00)
TOTAL FOR DEPARTMENT 000 16.11 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 REMOV 2309 13,440.00 32,715.90
01/12/2023 AP INV LAKESIDE BID CHRISTMAS DECORATIONS 43816 975.00 33,690.90
01/31/2023 AP INV LAKESIDE BID VISITOR GUIDE 2023 MUS31128 875.00 34,565.90
03/31/2023 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 15,290.00 0.00
TOTAL Expenditures 15,290.00 34,565.90
04/11/2023 12:23 PM GL ACTIVITY REPORT FOR CITY OF MUSKEGON Page: 2/2
User: jessica.rabe
DB: Muskegon TRANSACTIONS FROM 01/01/2023 TO 03/31/2023
Date JNL Type Description Reference # Debits Credits Balance
TOTAL FOR FUND 286 LAKESIDE BID 15,332.99 15,332.99 0.00
To: Lakeside BID-CIA board members
From: Dave Alexander and Contessa Alexander, BID-CIA staff
Date: April 14, 2023
Re: Staff recommendation for renewal of the Lakeside Business Improvement
District
The three-year Lakeside Business Improvement District special assessment district
ends Dec. 31, 2023. It has been successful in providing an essential service in
sidewalk snow removal, allowing for a transition from the Lakeside District
Association to the Corridor Improvement Authority and establishing a future of
quality public services to a critical commercial district between downtown and
the beach.
As time goes on, the CIA’s tax increment financing revenues will grow to replace
the BID revenues. City of Muskegon Development Services Division staff
recommends that the Lakeside BID be renewed for a final three years so as to
complete the transition to the CIA. Understand that BIDs are special self-
assessments requested by the district property owners for specific
projects/services and must be approved by the City Commission. As the BID
board, you represent the assessed property owners in requesting any renewal.
Staff recommends a three-year renewal for 2024-2026, continuing with current
district boundaries, placing the special assessments on the winter tax bills and
recommending that this be the final BID renewal request. As for the rate based
upon square footage of land of the assessed commercial properties, staff has
analyzed four scenarios – status quo with a rate of 5 cents per square foot, 4
cents per square foot, 3 cents per square foot and 2.5 cents per square foot. Staff
would recommend half the established rate for industrial, automotive and utility
properties that do not gain as much benefit from the district as the other
commercial uses. Furthermore, staff recommends that regular commercial
properties be capped at $2,000 for a 5-cent rate and reduced proportionally if the
rate was lowered.
Staff recommends a 4-cent rate for the next three years based upon financial
analysis of revenues and expenditures. Based upon conservative assumptions, a
4-cent rate maintains current services and discretionary funds for the three years,
offers a 20 percent reduction in special assessments and puts the CIA in a position
to continue current services in 2027 and beyond. Staff analysis shows that a rate
less than 3 cents a square foot leaves the CIA with a deficit in year 2027 based on
current services.
Please review these documents in your agenda packet showing the staff analysis:
1. The 2023 BID budget and work plan
2. A CIA TIF 30-year revenue table
3. A spread sheet showing the special assessments by property for the four
assessment rates
4. Financial projections for the Lakeside BID-CIA through 2026 and 2027.
5. The 2023 BID renewal process
Staff is requesting direction from the BID board on what it would like to
recommend to the Muskegon City Commission so that documentation can be
presented for a formal BID vote at the May 17 Lakeside BID board meeting. There
would need to be a city assessor’s benefit analysis along with two public hearings
and votes of the Muskegon City Commission before Oct. 31, 2023 to have the
special assessments on next winter’s property tax bill.
Suggested motion: I move to direct Development Services Division staff to
prepare final documents for the May 17 meeting to recommend to the Muskegon
City Commission the three-year (2024-2026) renewal of the Lakeside Business
Improvement District with the current boundaries, an annual special assessment
of 4 cent per parcel square foot (2 cents for industrial, automotive and utility
parcels) capped annually at $1,600 per parcel and that this be the last Lakeside
BID assessment.
Lakeside Corridor Improvement Authority
30 Year TIF Table
Assumes 2.0% Annual Taxable Value Increase
Base Value: $6,594,883
Base Year: 2021
Capturable Millage: 22.0942 Based on 2022 Millages
Year TV Capturable TV Annual Capture Cummulative Capture
(Base Year) 2021 $6,594,883
(Actual) 2022 $6,933,176 $338,293 $7,474 $7,474
2023 $7,071,840 $476,957 $10,538 $18,012
2024 $7,213,276 $618,393 $13,663 $24,201
2025 $7,357,542 $762,659 $16,850 $30,513
2026 $7,504,693 $909,810 $20,102 $36,952
2027 $7,654,787 $1,059,904 $23,418 $43,519
2028 $7,807,882 $1,212,999 $26,800 $50,218
2029 $7,964,040 $1,369,157 $30,250 $57,051
2030 $8,123,321 $1,528,438 $33,770 $64,020
2031 $8,285,787 $1,690,904 $37,359 $71,129
2032 $8,451,503 $1,856,620 $41,021 $78,380
2033 $8,620,533 $2,025,650 $44,755 $85,776
2034 $8,792,944 $2,198,061 $48,564 $93,320
2035 $8,968,802 $2,373,919 $52,450 $101,014
2036 $9,148,178 $2,553,295 $56,413 $108,863
2037 $9,331,142 $2,736,259 $60,455 $116,868
2038 $9,517,765 $2,922,882 $64,579 $125,034
2039 $9,708,120 $3,113,237 $68,784 $133,363
2040 $9,902,283 $3,307,400 $73,074 $141,859
2041 $10,100,328 $3,505,445 $77,450 $150,524
2042 $10,302,335 $3,707,452 $81,913 $159,363
2043 $10,508,382 $3,913,499 $86,466 $168,379
2044 $10,718,549 $4,123,666 $91,109 $177,575
2045 $10,932,920 $4,338,037 $95,845 $186,955
2046 $11,151,579 $4,556,696 $100,677 $196,522
2047 $11,374,610 $4,779,727 $105,604 $206,281
2048 $11,602,102 $5,007,219 $110,631 $216,235
2049 $11,834,144 $5,239,261 $115,757 $226,388
2050 $12,070,827 $5,475,944 $120,987 $236,744
2051 $12,312,244 $5,717,361 $126,321 $247,307
_ADDRESS SF per assessing ASSESSMENT AMT 5 cents OWNER_NAME1 Assessment Amount 4 cents Assessment Amount 3 cents Assessment Amount 2.5 cents
1950 LAKESHORE DR 15060.5 $753.03 1950 LAKESHORE DRIVE LLC 602.42 451.815 376.5125
1983 LAKESHORE DR 13171.88 $658.59 1983 LAKESHORE LLC 526.8752 395.1564 329.297
1888 LAKESHORE DR $0.00 ALDERINK SHANNA 0 0 0
1742 LAKESHORE DR $0.00 BAESSLER LAURI J 0 0 0
2353 LAKESHORE DR $0.00 BILLINGSLEY COLLIN 0 0 0
2159 LAKESHORE DR $0.00 BISHOP TODD/JANET 0 0 0
2211 LAKESHORE DR $0.00 BISSON MARY J 0 0 0
2445 LAKESHORE DR 8712.00 $435.60 BLAKE TOM/EVANS BLAKE 348.48 261.36 217.8
2205 LAKESHORE DR $0.00 BODMAN NILS/NADJI M/BUIKEMA LESLIE 0 0 0
2155 LAKESHORE DR $0.00 BROCK CHRISTOPHER J 0 0 0
1991 LAKESHORE DR 40617.80 $2,000.00 BTBG INVESTMENTS LLC 1600 1200 1000
2133 LAKESHORE DR $0.00 BURLINGAME DANIEL 0 0 0
2085 LAKESHORE DR $0.00 BVF PROPERTIES LLC 0 0 0
1700 LAKESHORE DR 26400.00 $1,320.00 C & C MANAGEMENT GROUP INC 1056 792 660
2182 LAKESHORE DR 37644.29 $1,882.21 CENTRAL PAPER EMPLOYEES FCU 1505.7716 1129.3287 941.10725
2123 LAKESHORE DR $0.00 CHRIS COLLINS RENTALS LLC 0 0 0
2117 LAKESHORE DR $0.00 COLLINS CHRISTOPHER TRUST ET AL 0 0 0
1794 LAKESHORE DR 19694.80 $2,000.00 CROW INVESTMENTS LLC 1600 1200 1000
1786 LAKESHORE DR 6210.00 $0.00 CROW INVESTMENTS LLC 248.4 186.3 155.25
1756 LAKESHORE DR 19800.00 $0.00 RAANS PROPERTIES LLC 792 594 495
2034 LAKESHORE DR 10767.00 $269.18 DOOM TREVOR 215.34 161.505 134.5875
2471 LAKESHORE DR $0.00 DOUGLAS STEVEN M/EVE E 0 0 0
2437 LAKESHORE DR $0.00 DOYLE PATRICK M 0 0 0
1930 LAKESHORE DR 18144.00 $907.20 FELINSKI BILL W TRUST 725.76 544.32 453.6
1878 LAKESHORE DR $0.00 FGA LLC 0 0 0
2130 LAKESHORE DR $0.00 FONNER ADAM M 0 0 0
2054 LAKESHORE DR 8600.00 $215.00 FUNK EDWARD W TRUST 172 129 107.5
1732 LAKESHORE DR 8750.00 $437.50 GARRETT LORIL 350 262.5 218.75
2020 LAKESHORE DR 6675.23 $333.76 GAWKOWSKI PROPERTIES LAKESHORE LLC 267.0092 200.2569 166.88075
2043 LAKESHORE DR $0.00 GHEZZI RICHARD 0 0 0
2017 LAKESHORE DR 8170.80 $408.54 GHEZZI RICHARD A ESTATE 326.832 245.124 204.27
1812 LAKESHORE DR 19386.00 $969.30 GHEZZI RICHARD A ESTATE 775.44 581.58 484.65
1937 LAKESHORE DR 9529.00 $476.45 GHEZZI RICHARD P 381.16 285.87 238.225
2055 LAKESHORE DR $0.00 GHEZZI TRAVIS R 0 0 0
2033 LAKESHORE DR 7425.00 $371.25 GHEZZI TRAVIS R 297 222.75 185.625
1904 LAKESHORE DR $0.00 GOFF ROBERT SR/SHAWN L 0 0 0
1629 LAKESHORE DR $0.00 GOULET ZACHARY T 0 0 0
2341 LAKESHORE DR 7700.00 $385.00 H2O ENTERPRISES LLC 308 231 192.5
2349 LAKESHORE DR $0.00 HAMEL TROY S/CHRISTINE 0 0 0
2144 LAKESHORE DR $0.00 HAMMERLE WENDI 0 0 0
2075 LAKESHORE DR $0.00 HASSALEVRIS JASON 0 0 0
2235 LAKESHORE DR $0.00 HENDRICKSON EDWIN L/DEBRA B 0 0 0
2257 LAKESHORE DR $0.00 HICKS ANGELA 0 0 0
2333 LAKESHORE DR $0.00 HYSO KLAID 0 0 0
1716 LAKESHORE DR $0.00 JOHNSON BRIAN/DEBORAH 0 0 0
2355 LAKESHORE DR $0.00 KENDRA JOHN 0 0 0
1883 LAKESHORE DR 7078.00 $353.90 KORNDORFER PAUL R 283.12 212.34 176.95
1891 LAKESHORE DR 7407.00 $370.35 KORNDORFER PAUL R 296.28 222.21 185.175
1830 LAKESHORE DR $0.00 KUBON NANCY ET AL 0 0 0
1777 LAKESHORE DR $0.00 LAKESIDE VETERANS CLUB 0 0 0
2116 LAKESHORE DR $0.00 LANGE RAYMOND A JR/LANGE SCOTT A 0 0 0
1605 LAKESHORE DR $0.00 LARSON ALEXANDRIA 0 0 0
2465 LAKESHORE DR 16665.00 $833.25 M J BLAIS LLC 666.6 499.95 416.625
1637 LAKESHORE DR $0.00 MCCABE JAMES F 0 0 0
2245 LAKESHORE DR $0.00 MCCALL WENDY 0 0 0
1905 LAKESHORE DR $0.00 MERLONE PROPERTIES LLC 0 0 0
2160 LAKESHORE DR $0.00 MICHAEL MORSE 0 0 0
2565 LAKESHORE DR 39275.00 $1,963.75 MOJI INC 1571 1178.25 981.875
1763 LAKESHORE DR $0.00 MUSKEGON RECREATION CLUB 0 0 0
1824 LAKESHORE DR $0.00 NYE DONALD H ESTATE 0 0 0
1864 LAKESHORE DR 13600.00 $680.00 PPJ INVESTMENTS LLC 544 408 340
2463 LAKESHORE DR $0.00 PRIVACKY FRANK/SHENK LINDA J 0 0 0
2125 LAKESHORE DR $0.00 RASEY JOHN R/TAMMY 0 0 0
1910 LAKESHORE DR $0.00 SAND DOCK PROPERTIES LLC 0 0 0
1623 LAKESHORE DR $0.00 SCHWING PAUL D 0 0 0
2223 LAKESHORE DR $0.00 SEIFERT KURT 0 0 0
1920 LAKESHORE DR 7.9 acres $2,000.00 SHM GREAT LAKES LLC 1600 1200 1000
2080 LAKESHORE DR 16920.00 $423.00 SHORELINE SERVICE INC 676.8 507.6 423
1724 LAKESHORE DR $0.00 SIEDLECKI TERESA M 0 0 0
1896 LAKESHORE DR $0.00 SIMON ADAM L/JENNIFER A 0 0 0
2143 LAKESHORE DR $0.00 SLAGH DAVID A/ANDREA M 0 0 0
2063 LAKESHORE DR $0.00 STEINBACH & STEINBACH LLC 0 0 0
2009 LAKESHORE DR 5321.00 $266.05 STEINBACH JOHN E ET AL 212.84 159.63 133.025
1899 LAKESHORE DR $0.00 STRYCHAR KEVIN B 0 0 0
2167 LAKESHORE DR 3825.00 $191.25 SWARVAR DANIEL C 153 114.75 95.625
2173 LAKESHORE DR 4165.00 $208.25 SWARVAR DANIEL C 166.6 124.95 104.125
2187 LAKESHORE DR 10795.00 $539.75 SWARVAR DANIEL C 431.8 323.85 269.875
2124 LAKESHORE DR $0.00 TEICHMER SCOTT R 0 0 0
2447 LAKESHORE DR $0.00 THOMAS ROBERT 0 0 0
1945 LAKESHORE DR 5445.00 $272.25 THORSEN SHEILA P TRUST 217.8 163.35 136.125
1748 LAKESHORE DR $0.00 THORSEN SHEILA TRUST 0 0 0
1953 LAKESHORE DR 8170.80 $408.54 TOP FLIGHT LLC 326.832 245.124 204.27
2136 LAKESHORE DR $0.00 VANLENTE MARSHA 0 0 0
1831 LAKESHORE DR 12556.00 $313.90 VERIZON INC (FRONTIER COMMUNICATIONS) 251.12 188.34 156.95
1927 LAKESHORE DR 9529.00 $476.45 VF VENTURES LLC 381.16 285.87 238.225
1845 LAKESHORE DR 19272.00 $963.60 VF VENTURES LLC 770.88 578.16 481.8
2111 LAKESHORE DR $0.00 WASHINGTON JONATHAN/WALLACE LAPOLIA 0 0 0
1595 LAKESHORE DR 8976.00 $448.80 WASSERMAN PROPERTY COMPANY LLC 359.04 269.28 224.4
1965 LAKESHORE DR 8167.00 $408.35 WILLIAM J GIBNER LLC 326.68 245.01 204.175
2152 LAKESHORE DR $0.00 YOUNTS MARK A/KATHYRN L 0 16000.53 0
$24,944.05 $21,334.04 $16,000.53 $13,333.78
Expenses 2024
Sidewalk Snow Removal $ 26,880.00
Marketing/ Events $ 1,000.00
Holiday Decorations/ Streetscape $ 3,500.00
Landscaping $ 500.00
Total $ 31,880.00
*contingency not included
Assessment at 5 cents
2024 Revenues Expenses
Left over from previous year $ 22,271.00 $ 31,880.00
CIA $ 10,538.00
Special Assessment $ 24,944.00
Total Revenue $ 57,753.00 $ 25,873.00
2025
Left over from pervious year $ 25,873.00 $ 33,474.00 *Includes 5% increase
CIA $ 13,663.00
Special Assessment $ 24,944.00
Total Revenue $ 64,480.00 $ 31,006.00
2026
Left over from pervious year $ 31,006.00 $ 35,147.70 *Includes 5% increase
CIA $ 16,850.00
Special Assessment $ 24,944.00
Total Revenue $ 72,800.00 $ 37,652.30
2027 (No BID)
Left over from pervious year $ 37,652.30 $ 36,905.09 *Includes 5% increase
CIA $ 20,102.00
Total Revenue $ 57,754.30 $ 20,849.22
Assessment at 4 cents
2024 Revenues Expenses
Left over from previous year $ 22,271.00 $ 31,880.00
CIA $ 10,538.00
Special Assessment $ 21,334.04
Total Revenue $ 54,143.04 $ 22,263.04
2025
Left over from pervious year $ 22,901.50 $ 33,474.00 *Includes 5% increase
CIA $ 13,663.00
Special Assessment $ 21,334.04
Total Revenue $ 57,898.54 $ 24,424.54
2026
Left over from pervious year $ 25,063.00 $ 35,147.70 *Includes 5% increase
CIA $ 16,850.00
Special Assessment $ 21,334.04
Total Revenue $ 63,247.04 $ 28,099.34
2027 (No BID)
Left over from pervious year $ 28,099.34 $ 36,905.09 *Includes 5% increase
CIA $ 20,102.00
Total Revenue $ 48,201.34 $ 11,296.26
Assessment at 3 cents
2024 Revenues Expenses
Left over from previous year $ 22,271.00 $ 31,880.00
CIA $ 10,538.00
Special Assessment $ 16,000.53
Total Revenue $ 48,809.53 $ 16,929.53
2025
Left over from pervious year $ 17,408.38 $ 33,474.00 *Includes 5% increase
CIA $ 13,663.00
Special Assessment $ 16,000.53
Total Revenue $ 47,071.91 $ 13,597.91
2026
Left over from pervious year $ 14,076.76 $ 35,147.70 *Includes 5% increase
CIA $ 16,850.00
Special Assessment $ 16,000.53
Total Revenue $ 46,927.29 $ 11,779.59
2027 (No BID)
Left over from pervious year $ 11,779.59 $ 36,905.09 *Includes 5% increase
CIA $ 20,102.00
Total Revenue $ 31,881.59 $ (5,023.50)
Assessment at 2.5 cents
2024 Revenues Expenses
Left over from previous year $ 22,271.00 $ 31,880.00
CIA $ 10,538.00
Special Assessment $ 13,333.78
Total Revenue $ 46,142.78 $ 14,262.78
2025
Left over from pervious year $ 14,661.81 $ 33,474.00 *Includes 5% increase
CIA $ 13,663.00
Special Assessment $ 13,333.78
Total Revenue $ 41,658.59 $ 8,184.59
2026
Left over from pervious year $ 8,583.62 $ 35,147.70 *Includes 5% increase
CIA $ 16,850.00
Special Assessment $ 13,333.78
Total Revenue $ 38,767.40 $ 3,619.70
2027 (No BID)
Left over from pervious year $ 3,619.70 $ 36,905.09 *Includes 5% increase
CIA $ 20,102.00
Total Revenue $ 23,721.70 $ (13,183.39)
To: Lakeside BID-CIA board members
From: Contessa Alexander and Dave Alexander, BID-CIA staff
Date: April 14, 2023
Re: Staff recommendation for Application of the MML Bridge Builders Grant
Application
Bridge Builders Main Street Microgrants offer small, one-time grants of up to
$5,000 for collaborative, creative projects in Michigan Municipal League member
communities. Microgrants fund projects that bring together local artists and
businesses in Michigan downtowns. Projects should build bridges across your
community by bringing people together. This year, 4 microgrants of up to $5,000
each will be awarded across Michigan.
Finalists will complete an online voting campaign. This campaign will narrow
down the winner.
Suggested motion: I move to direct Development Services Division staff to
complete and send in the Bridge Builders Main Street Microgrant application.
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