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CITY OF MUSKEGON LAKESIDE BUSINESS IMPROVEMENT DISTRICT- CORRIDOR IMPROVEMENT AUTHORITY BOARD MEETING DATE OF MEETING: January 15, 2025 TIME OF MEETING: 9:00 a.m. PLACE OF MEETING: City Hall Room 204, 933 Terrace St, Muskegon, MI AGENDA I. Roll Call II. Approval of minutes – December 17, 2024 III. CIA Agenda Items – Jocelyn Hines A. CIA Financial Statements – December 31, 2024 IV. BID Agenda Items – Jocelyn Hines A. BID financial statements – December 31, 2024 B. Approval of 2025 Meeting Dates C. Parking/Traffic Update D. Placer reports a. Holidays in Lakeside b. Lakeside After Hours E. Holiday Punch Card debrief F. Approval of board members V. Adjourn AMERICAN DISABILITY ACT POLICY FOR ACCESS TO OPEN MEETING OF THE CITY COMMISSION AND ANY OF ITS COMMITTEES OR SUBCOMMITTEES To give comment on a live-streamed meeting the city will provide a call-in telephone number to the public to be able to call and give comment. For a public meeting that is not live-streamed, and which a citizen would like to watch and give comment, they must contact the City Clerk’s Office with at least a two-business day notice. The participant will then receive a zoom link which will allow them to watch live and give comment. Contact information is below. For more details, please visit: www.shorelinecity.com 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 Corridor Improvement Authority Agenda Items III-A for January 15, 2025 Financial Statement as of 12-31-2024 Requesting Party: City Economic Development Outline of Request: Staff is asking the Lakeside CIA to review and accept the CIA financial statement as of December 31, 2024. Staff Comments: As of December 31, 2024, your fund balance is $29,787.44. There is interest income in the amount of $12.40. At our February 2024 meeting, we voted to transfer up to $19,356 to the Lakeside BID to cover additional expenses of the BID. This transfer will likely happen at the end of January and will be closer to $15,000. Staff Recommendation: To accept the Lakeside CIA financial statement as of December 31, 2024. Suggested Motion: I move to accept the Lakeside Corridor Improvement Authority financial statement as of December 31, 2024. Lakeside Business Improvement District Agenda Items IV-A for January 15, 2025 Financial Statement as of 12-31-2024 Requesting Party: City Economic Development Outline of Request: Staff is asking the Lakeside BID to review and accept the BID financial statement as of December 31, 2024. Staff Comments: As of December 31, 2024, your fund balance is -$6,374.17. The total amount for expenditures was $11,500 for snow removal invoice and $487.75 for holiday decorations. There was also interest income in the amount of $8.67. There is a fund balance of $8,082.46. We will conduct the transfer from the CIA to the BID late January as well as utilizing the BID fund balance. Finance will also transfer $3,920 from the general fund for their portion of the snow removal invoice by the end of January. Staff Recommendation: To accept the Lakeside BID financial statement as of December 31, 2024. Suggested Motion: I move to accept the Lakeside Business Improvement District financial statement as of December 31, 2024. Lakeside Business Improvement District Agenda Items IV-B for January 15, 2025 2025 Meeting Dates Requesting Party: City Economic Development Outline of Request: Staff is asking the Lakeside BID to approve the 2025 meeting dates. Staff Comments: According to the Open Meetings, Act, each board and commission must approve all meeting dates during the first meeting of the year. Staff Recommendation: To approve the Lakeside BID/CIA meeting dates for 2025. Suggested Motion: I move to approve the Lakeside BID/CIA 2025 meeting dates. Lakeside Business Improvement District Agenda Items IV-C for January 15, 2025 Parking/Traffic Update Requesting Party: City Economic Development Staff Comments: Staff met with the Traffic Committee to address the concerns raised during the November 20, 2024, meeting. The Traffic Team will work on adding additional signage to side streets and along Lakeshore Drive where signs are missing, though this effort may be delayed due to weather conditions. Parking Enforcement will also increase monitoring of time-limited parking to encourage employees to utilize designated parking areas. As for other recommendations, such as striping parking spaces and exploring parking options at the Grand Trunk Launch Ramp, these will require further discussion regarding financing and implementation strategies. Staff Recommendation: Discussion Only Suggested Motion: Discussion Only LAKESIDE BUSINESS IMPROVEMENT DISTRICT- CORRIDOR DEVELOPMENT AUTHORITY REGULAR BOARD MEETING December 17, 2024 MEETING MINUTES Meeting called to order at 9:05 am by M. Flermoen. I. ROLL CALL MEMBERS PRESENT: M. Lyonnais, M. Flermoen, L. Hopson, S. Wilson, M. Smith, MEMBERS ABSENT: J. Knowlton (E), D. Ghezzi, R. Jenkins. OTHERS PRESENT: J. Hines, Thomas Foupht, A. Meisch and W. Webster II. Approval of minutes – November 20, 2024 – A motion to accept the minutes from November 20, 2024 was made by M. Smith and supported by L. Hopson. All in favor. III. CIA Agenda Items – Jocelyn Hines A. CIA Financial Statements – November 30, 2024 – Jocelyn updated the CIA on the fund balance of $29,775.04 as of November 30. A transfer of up to $19,356 will be transferred to the Lakeside BID to cover additional expenses. The remaining balance will be about $10,000 as of November 30, 2024. A motion to approve the CIA financials was made by S. Wilson and supported by M. Smith and roll call was made with M. Lyonnais, M. Flermoen, L. Hopson, S. Wilson and M. Smith in favor. B. CIA – 2025 Budget Approval. - The Lakeside CIA is projected to generate $37,178.00 in revenue. As property values rise and additional development occurs within the Lakeside CIA area, revenue is expected to continue increasing. According to the November 2024 financials, the fund balance stands at $29,775.04. Interest income has also been incorporated based on last year’s earnings. The Lakeside BID is requesting a transfer of up to $15,212.94 to cover increased expenses. Please note that the Lakeside BID is scheduled to conclude and be dismantled in 2026, at which point funds from the CIA will be utilized. - L. Hopson made a motion to approve the 2025 Lakeside CIA budget and supported by S. Wilson. A roll call was made with M. Lyonnais, M. Flermoen, L. Hopson, S. Wilson and M. Smith in favor. IV. BID Agenda Items – Jocelyn Hines A. BID financial statements – November 30, 2024 – Jocelyn updated members on the Lakeside BID as of November 30, 2024, their fund balance is $29,775.04. There is not much change to this financial statement from October 2024. At our February 2024 meeting, we voted to transfer up to $19,356 to the Lakeside BID to cover additional expenses of the BID. This transfer will take place more to the end of January as suggested by S. Wilson. A motion to accept the Lakeside BID financial statement as of November 30, 2024 was made by S. Wilson and supported by L. Hopson. A roll call was made with M. Lyonnais, M. Flermoen, L. Hopson, S. Wilson and M. Smith in favor. B. BID 2025 Budget – After evaluating the 2025 special assessment revenue and the rollover from 2024, a transfer of up to $15,212.94 from the CIA to the BID is necessary to balance the budget. The BID fund reserves currently hold $5,604.91, which can also be utilized to help offset the budget shortfall. The 2025 expenditures are estimated based on the 2024 budget. A motion to approve the 2025 BID budget was made by M. Smith and supported by L. Hopson. A roll call was made with M. Lyonnais, M. Flermoen, L. Hopson, S. Wilson and M. Smith in favor. C. Holidays in Lakeside debrief – Overall comments went well. A few commented to reduce Santa time. Cookie decorating went great. No petting zoo. Carolers were a fun group and enjoyed by all. A placer report will be pulled later. V. Adjournment at 9:46 am Lakeside Corridor Improvement Authority Agenda Items III-A for January 15, 2025 Financial Statement as of 12-31-2024 Requesting Party: City Economic Development Outline of Request: Staff is asking the Lakeside CIA to review and accept the CIA financial statement as of December 31, 2024. Staff Comments: As of December 31, 2024, your fund balance is $29,787.44. There is interest income in the amount of $12.40. At our February 2024 meeting, we voted to transfer up to $19,356 to the Lakeside BID to cover additional expenses of the BID. This transfer will likely happen at the end of January and will be closer to $15,000. Staff Recommendation: To accept the Lakeside CIA financial statement as of December 31, 2024. Suggested Motion: I move to accept the Lakeside Corridor Improvement Authority financial statement as of December 31, 2024. LAKESIDE CIA FINANCIAL FOR 12/31/2024 Revenues 2023 ACTUAL 2024 BUDGET 31-Dec-24 Special Assessments $ 7,473.00 $ 22,198.00 $ 22,198.00 Interest Income $ 29.64 $ - $ 86.80 Total $ 7,502.64 $ 22,198.00 $ 22,284.80 Expenses 2023 ACTUAL 2024 BUDGET 31-Dec-24 Landscaping $ - $ - $ - Holiday Decorations $ - $ - $ - Snow Removal $ - $ - $ - Contingency $ - $ - $ - Transfer to Lakeside BID $ - $ 19,356.00 $ - Advertising $ - $ - $ - Total Expenses $ - $ 19,356.00 $ - Net Rev/Expenses $ 7,502.64 $ 2,842.00 $ 22,284.80 Fund Balance at Beginning of Year $ - $ 7,502.64 Fund Balance at End of Year $ 7,502.64 $ 29,787.44 O:\Planning\COMMON\BID & CIA-Lakeside\Lakeside CIA-BID 2025\Lakeside BID-CIA Meeting 01-15-25\Lakeside CIA December 31 2024 Lakeside Business Improvement District Agenda Items IV-A for January 15, 2025 Financial Statement as of 12-31-2024 Requesting Party: City Economic Development Outline of Request: Staff is asking the Lakeside BID to review and accept the BID financial statement as of December 31, 2024. Staff Comments: As of December 31, 2024, your fund balance is -$6,374.17. The total amount for expenditures was $11,500 for snow removal invoice and $487.75 for holiday decorations. There was also interest income in the amount of $8.67. There is a fund balance of $8,082.46. We will conduct the transfer from the CIA to the BID late January as well as utilizing the BID fund balance. Finance will also transfer $3,920 from the general fund for their portion of the snow removal invoice by the end of January. Staff Recommendation: To accept the Lakeside BID financial statement as of December 31, 2024. Suggested Motion: I move to accept the Lakeside Business Improvement District financial statement as of December 31, 2024. LAKESIDE BID FINANCIAL FOR 12/31/2024 Revenues 2023 ACTUAL 2024 BUDGET 31-Dec-24 Special Assessments $ 17,808.13 $ 21,645.23 $ 22,239.23 Interest Income $ 150.82 $ 150.82 $ 55.79 Grant (MML Foundation) $ 5,000.00 $ - Lakeside District Assoc. (split cost Christmas) $ - $ - Lakeside Neighborhood Assoc. $ - $ - $ - Fall Festival $ 1,200.00 $ - $ 800.00 Transfer from General fund for Snow Removal $ 7,633.92 $ 3,920.00 $ - Intended CIA Transfer $ - $ 19,355.95 $ - Total $ 31,792.87 $ 45,072.00 $ 23,095.02 Expenses 2023 ACTUAL 2024 BUDGET 31-Dec-24 Landscaping $ 135.68 $ 1,000.00 $ - Holiday Decorations $ 5,816.60 $ 1,500.00 $ 3,297.36 Snow Removal $ 40,320.00 $ 28,000.00 $ 23,000.00 Transfer to DDA $ - $ - $ 600.00 Fall Festival Expenses/Events $ 8,714.57 $ 9,150.00 $ 3,497.99 Advertising $ 1,781.20 $ 6,279.00 $ 7,156.30 Total Expenses $ 56,768.05 $ 45,929.00 $ 37,551.65 Net Rev/Expenses $ (24,975.18) $ (857.00) $ (14,456.63) Fund Balance at Beginning of Year $ 33,057.64 $ 8,082.46 Fund Balance at End of Year $ 8,082.46 $ (6,374.17) O:\Planning\COMMON\BID & CIA-Lakeside\Lakeside CIA-BID 2025\Lakeside BID-CIA Meeting 01-15-25\Lakeside Bid December 31, 2024 GL ACTIVITY REPORT FOR CITY OF MUSKEGON From 01/01/2024 to 12/31/2024 Date JNL Type Description Reference # Amount Enc/Bdgt Change Balance Available 01/01/2024 231-000-001 CASH IN BANK BEG. BALANCE 7,502.64 0.00 01/31/2024 GJ JE INTEREST ON INVESTMENTS 9838 1.56 7,504.20 02/29/2024 GJ JE INTEREST ON INVESTMENTS 9851 3.13 7,507.33 03/05/2024 GJ JE AD VALOREM PROP TAX CAPT FOR LKSIDE C 9780 22,198.00 29,705.33 03/31/2024 GJ JE INTEREST ON INVESTMENTS 10051 7.75 29,713.08 04/30/2024 GJ JE INTEREST ON INVESTMENTS 10086 12.38 29,725.46 05/31/2024 GJ JE INTEREST ON INVESTMENTS 10254 12.39 29,737.85 05/31/2024 GJ JE TO REVERSE MANUAL JOURNAL ENTRY: 1025 10255 (12.39) 29,725.46 05/31/2024 GJ JE INTEREST ON INVESTMENTS 10256 12.39 29,737.85 06/30/2024 GJ JE INTEREST ON INVESTMENTS 10309 12.39 29,750.24 07/01/2024 24-25 Fiscal Year Begin 29,750.24 07/31/2024 GJ JE INTEREST ON INVESTMENTS 10466 12.40 29,762.64 08/31/2024 GJ JE INTEREST ON INVESTMENTS 10606 12.40 29,775.04 09/30/2024 GJ JE INTEREST ON INVESTMENTS 0000010761 12.40 29,787.44 12/31/2024 END BALANCE 29,787.44 01/01/2024 231-000-402 PROPERTY TAX BEG. BALANCE 0.00 03/05/2024 GJ JE AD VALOREM PROP TAX CAPT FOR LKSIDE C 9780 22,198.00 0.00 (22,198.00) 22,198.00 07/01/2024 24-25 Fiscal Year Begin 0.00 0.00 (30,569.00) 12/31/2024 END BALANCE 0.00 (30,569.00) 01/01/2024 231-000-665-004970 INCOME TAX-PENALTY & INTEREST BEG. BALANCE 0.00 (18.73) 18.73 01/31/2024 GJ JE INTEREST ON INVESTMENTS 9838 1.56 0.00 (20.29) 20.29 02/29/2024 GJ JE INTEREST ON INVESTMENTS 9851 3.13 0.00 (23.42) 23.42 03/31/2024 GJ JE INTEREST ON INVESTMENTS 10051 7.75 0.00 (31.17) 31.17 04/30/2024 GJ JE INTEREST ON INVESTMENTS 10086 12.38 0.00 (43.55) 43.55 05/31/2024 GJ JE INTEREST ON INVESTMENTS 10254 12.39 0.00 (55.94) 55.94 05/31/2024 GJ JE TO REVERSE MANUAL JOURNAL ENTRY: 1025 10255 (12.39) 0.00 (43.55) 43.55 05/31/2024 GJ JE INTEREST ON INVESTMENTS 10256 12.39 0.00 (55.94) 55.94 06/30/2024 GJ JE INTEREST ON INVESTMENTS 10309 12.39 0.00 (68.33) 68.33 07/01/2024 24-25 Fiscal Year Begin 0.00 0.00 (25.00) 07/31/2024 GJ JE INTEREST ON INVESTMENTS 10466 12.40 0.00 (12.40) (12.60) 08/31/2024 GJ JE INTEREST ON INVESTMENTS 10606 12.40 0.00 (24.80) (0.20) 09/30/2024 GJ JE INTEREST ON INVESTMENTS 0000010761 12.40 0.00 (37.20) 12.20 12/31/2024 END BALANCE (37.20) 12.20 01/01/2024 286-000-001 CASH IN BANK BEG. BALANCE 0.00 8,082.46 0.00 01/12/2024 CD CHK Check: 10 547276 547276 (300.00) 7,782.46 01/31/2024 GJ JE INTEREST ON INVESTMENTS 9838 1.68 7,784.14 02/09/2024 CD CHK Check: 10 547399 547399 (2,809.61) 4,974.53 02/29/2024 GJ JE INTEREST ON INVESTMENTS 9851 2.66 4,977.19 03/08/2024 CD CHK Check: 10 547495 547495 (875.00) 4,102.19 03/22/2024 CD CHK Check: 10 35217 35217 (350.00) 3,752.19 03/31/2024 GJ JE INTEREST ON INVESTMENTS 10051 1.82 3,754.01 04/01/2024 GJ JE TO POST LAKESIDE BID COLLECTIONS 9870 18,878.79 22,632.80 04/26/2024 CD CHK Check: 10 35353 35353 (525.00) 22,107.80 04/30/2024 GJ JE INTEREST ON INVESTMENTS 10086 5.39 22,113.19 05/03/2024 CD CHK Check: 10 36047 36047(A) (1,200.00) 20,913.19 05/31/2024 GJ JE INTEREST ON INVESTMENTS 10254 8.96 20,922.15 05/31/2024 GJ JE TO REVERSE MANUAL JOURNAL ENTRY: 1025 10255 (8.96) 20,913.19 05/31/2024 GJ JE INTEREST ON INVESTMENTS 10256 8.96 20,922.15 06/07/2024 CD CHK Check: 10 35539 35539 (825.90) 20,096.25 06/14/2024 CD CHK Check: 10 35574 35574 (1,155.40) 18,940.85 06/18/2024 GJ JE DIST OF FUNDS FROM 2023 SETTLEMENT 10139 2,766.44 21,707.29 01/06/2025 11:09 AM Page: 1/4 GL ACTIVITY REPORT FOR CITY OF MUSKEGON From 01/01/2024 to 12/31/2024 Date JNL Type Description Reference # Amount Enc/Bdgt Change Balance Available 06/30/2024 GJ JE INTEREST ON INVESTMENTS 10309 8.88 21,716.17 07/01/2024 24-25 Fiscal Year Begin 21,716.17 07/26/2024 CD CHK Check: 10 35788 35788 (525.00) 21,191.17 07/31/2024 GJ JE INTEREST ON INVESTMENTS 10466 8.94 21,200.11 08/23/2024 CD CHK Check: 10 37294 37294(A) (225.00) 20,975.11 08/31/2024 GJ JE INTEREST ON INVESTMENTS 10606 8.79 20,983.90 09/11/2024 CR RCPT Imported Subsidiary Database Receipt 100839353 300.00 21,283.90 09/20/2024 CD CHK Check: 10 37579 37579(A) (225.00) 21,058.90 09/30/2024 CD CHK Check: 10 37747 37747(E) (1,138.99) 19,919.91 09/30/2024 GJ JE INTEREST ON INVESTMENTS 0000010761 8.67 19,928.58 10/03/2024 CR RCPT Imported Subsidiary Database Receipt 100842105 500.00 20,428.58 10/11/2024 CD CHK Check: 10 36107 36107 (875.00) 19,553.58 10/11/2024 CD CHK Check: 10 36114 36114 (750.00) 18,803.58 10/11/2024 CD CHK Check: 10 36128 36128 (375.00) 18,428.58 10/18/2024 CD CHK Check: 10 36147 36147 (585.00) 17,843.58 10/18/2024 CD CHK Check: 10 37919 37919(A) (225.00) 17,618.58 10/21/2024 CR RCPT Special Assessments 10/21/2024 594.00 18,212.58 10/25/2024 CD CHK Check: 10 36206 36206 (499.00) 17,713.58 11/08/2024 CD CHK SUMMARY CD 11/08/2024 (11,500.00) 6,213.58 11/30/2024 GJ JE RECORD TRANSFER FOR BROCHURES & PUNCH 0000010743 (600.00) 5,613.58 12/13/2024 CD CHK SUMMARY CD 12/13/2024 (11,500.00) (5,886.42) 12/13/2024 CD CHK SUMMARY CD 12/13/2024 (487.75) (6,374.17) 12/31/2024 END BALANCE (6,374.17) 01/01/2024 286-000-202 ACCOUNTS PAYABLE BEG. BALANCE 0.00 01/08/2024 AP INV LAKESIDE NEIGHBORHOOD ASSOC. 102323 (300.00) (300.00) 01/12/2024 CD CHK Check: 10 547276 547276 300.00 0.00 02/07/2024 AP INV PREFERRED LAWN CARE & SNOW PLOWING 1677-2 (2,809.61) (2,809.61) 02/09/2024 CD CHK Check: 10 547399 547399 2,809.61 0.00 03/05/2024 AP INV HARBOR HOUSE PUBLISHERS CUS21103 (875.00) (875.00) 03/08/2024 CD CHK Check: 10 547495 547495 875.00 0.00 03/12/2024 AP INV LOUISE HOPSON 0305 (350.00) (350.00) 03/22/2024 CD CHK Check: 10 35217 35217 350.00 0.00 04/23/2024 AP INV MY SOCIAL NETWORTH LLC INV0594 (525.00) (525.00) 04/26/2024 CD CHK Check: 10 35353 35353 525.00 0.00 04/30/2024 AP INV ROCKET MARKETING 1 (1,200.00) (1,200.00) 05/03/2024 CD CHK Check: 10 36047 36047(A) 1,200.00 0.00 06/05/2024 AP INV MARK FLERMOEN 06052024 (825.90) (825.90) 06/07/2024 CD CHK Check: 10 35539 35539 825.90 0.00 06/11/2024 AP INV LAWSON PRINTERS, INC. 100958 (683.70) (683.70) 06/11/2024 AP INV LAWSON PRINTERS, INC. 101210 (471.70) (1,155.40) 06/14/2024 CD CHK Check: 10 35574 35574 1,155.40 0.00 06/30/2024 AP INV LOUISE HOPSON APR-JUNE (225.00) (225.00) 07/01/2024 24-25 Fiscal Year Begin (225.00) 07/16/2024 AP INV MY SOCIAL NETWORTH LLC INV0613 (525.00) (750.00) 07/26/2024 CD CHK Check: 10 35788 35788 525.00 (225.00) 08/23/2024 CD CHK Check: 10 37294 37294(A) 225.00 0.00 09/20/2024 AP INV JENNIFER LYNN SCHOTTEY FACE PAINT (225.00) (225.00) 09/20/2024 CD CHK Check: 10 37579 37579(A) 225.00 0.00 09/30/2024 AP INV AMAZON 09/17/2024 (68.99) (68.99) 09/30/2024 AP INV MISC CREDIT CARD VENDOR 09/11/2024 (200.00) (268.99) 09/30/2024 AP INV MISC CREDIT CARD VENDOR 09/16/2024 (870.00) (1,138.99) 09/30/2024 CD CHK Check: 10 37747 37747(E) 1,138.99 0.00 10/08/2024 AP INV HARBOR HOUSE PUBLISHERS VISIT MUSKEGON (875.00) (875.00) 10/08/2024 AP INV JEFF FRANKLIN LAKESIDE BID (750.00) (1,625.00) 10/08/2024 AP INV MY SOCIAL NETWORTH LLC 0642 (375.00) (2,000.00) 01/06/2025 11:09 AM Page: 2/4 GL ACTIVITY REPORT FOR CITY OF MUSKEGON From 01/01/2024 to 12/31/2024 Date JNL Type Description Reference # Amount Enc/Bdgt Change Balance Available 10/11/2024 CD CHK Check: 10 36107 36107 875.00 (1,125.00) 10/11/2024 CD CHK Check: 10 36114 36114 750.00 (375.00) 10/11/2024 CD CHK Check: 10 36128 36128 375.00 0.00 10/15/2024 AP INV MARK FLERMOEN 10152024 (585.00) (585.00) 10/18/2024 CD CHK Check: 10 36147 36147 585.00 0.00 10/18/2024 AP INV LOUISE HOPSON 101424 (225.00) (225.00) 10/18/2024 CD CHK Check: 10 37919 37919(A) 225.00 0.00 10/23/2024 AP INV WEST BEND MUTUAL INSURANCE COMPANY B807461 (499.00) (499.00) 10/25/2024 CD CHK Check: 10 36206 36206 499.00 0.00 10/29/2024 AP INV SUMMARY AP 10/29/2024 (11,500.00) (11,500.00) 11/08/2024 CD CHK SUMMARY CD 11/08/2024 11,500.00 0.00 12/04/2024 AP INV SUMMARY AP 12/04/2024 (487.75) (487.75) 12/09/2024 AP INV SUMMARY AP 12/09/2024 (11,500.00) (11,987.75) 12/13/2024 CD CHK SUMMARY CD 12/13/2024 11,500.00 (487.75) 12/13/2024 CD CHK SUMMARY CD 12/13/2024 487.75 0.00 12/31/2024 END BALANCE 0.00 01/01/2024 286-000-451 SPECIAL ASSESSMENTS BEG. BALANCE 0.00 04/01/2024 GJ JE TO POST LAKESIDE BID COLLECTIONS 9870 18,878.79 0.00 (18,878.79) 18,878.79 06/18/2024 GJ JE DIST OF FUNDS FROM 2023 SETTLEMENT 10139 2,766.44 0.00 (21,645.23) 21,645.23 07/01/2024 24-25 Fiscal Year Begin 0.00 0.00 0.00 10/21/2024 CR RCPT Special Assessments 10/21/2024 594.00 0.00 (594.00) 594.00 12/31/2024 END BALANCE (594.00) 594.00 01/01/2024 286-000-665-004970 INTEREST INCOME BEG. BALANCE 0.00 (93.15) 93.15 01/31/2024 GJ JE INTEREST ON INVESTMENTS 9838 1.68 0.00 (94.83) 94.83 02/29/2024 GJ JE INTEREST ON INVESTMENTS 9851 2.66 0.00 (97.49) 97.49 03/31/2024 GJ JE INTEREST ON INVESTMENTS 10051 1.82 0.00 (99.31) 99.31 04/30/2024 GJ JE INTEREST ON INVESTMENTS 10086 5.39 0.00 (104.70) 104.70 05/31/2024 GJ JE INTEREST ON INVESTMENTS 10254 8.96 0.00 (113.66) 113.66 05/31/2024 GJ JE TO REVERSE MANUAL JOURNAL ENTRY: 1025 10255 (8.96) 0.00 (104.70) 104.70 05/31/2024 GJ JE INTEREST ON INVESTMENTS 10256 8.96 0.00 (113.66) 113.66 06/30/2024 GJ JE INTEREST ON INVESTMENTS 10309 8.88 0.00 (122.54) 122.54 07/01/2024 24-25 Fiscal Year Begin 0.00 0.00 0.00 07/31/2024 GJ JE INTEREST ON INVESTMENTS 10466 8.94 0.00 (8.94) 8.94 08/31/2024 GJ JE INTEREST ON INVESTMENTS 10606 8.79 0.00 (17.73) 17.73 09/30/2024 GJ JE INTEREST ON INVESTMENTS 0000010761 8.67 0.00 (26.40) 26.40 12/31/2024 END BALANCE (26.40) 26.40 01/01/2024 286-000-684 MISC. & SUNDRY BEG. BALANCE 0.00 (13,133.92) 13,133.92 07/01/2024 24-25 Fiscal Year Begin 0.00 0.00 0.00 09/11/2024 CR RCPT LAKESIDE BID FALL FEST SPONSORSHIP 100839353 300.00 0.00 (300.00) 300.00 10/03/2024 CR RCPT MISC. & SUNDRY 100842105 500.00 0.00 (800.00) 800.00 12/31/2024 END BALANCE (800.00) 800.00 01/01/2024 286-704-801 CONTRACTUAL SERVICES BEG. BALANCE 0.00 39,352.37 (39,352.37) 01/08/2024 AP INV LAKESIDE NEIGHBORHOOD ASSOC. 102323 300.00 0.00 39,652.37 (39,652.37) 02/07/2024 AP INV PREFERRED LAWN CARE & SNOW PLOWING 1677-2 2,809.61 0.00 42,461.98 (42,461.98) 03/05/2024 AP INV HARBOR HOUSE PUBLISHERS CUS21103 875.00 0.00 43,336.98 (43,336.98) 03/12/2024 AP INV LOUISE HOPSON 0305 350.00 0.00 43,686.98 (43,686.98) 04/23/2024 AP INV MY SOCIAL NETWORTH LLC INV0594 525.00 0.00 44,211.98 (44,211.98) 04/30/2024 AP INV ROCKET MARKETING 1 1,200.00 0.00 45,411.98 (45,411.98) 06/05/2024 AP INV MARK FLERMOEN 06052024 825.90 0.00 46,237.88 (46,237.88) 01/06/2025 11:09 AM Page: 3/4 GL ACTIVITY REPORT FOR CITY OF MUSKEGON From 01/01/2024 to 12/31/2024 Date JNL Type Description Reference # Amount Enc/Bdgt Change Balance Available 06/11/2024 AP INV LAWSON PRINTERS, INC. 100958 683.70 0.00 46,921.58 (46,921.58) 06/11/2024 AP INV LAWSON PRINTERS, INC. 101210 471.70 0.00 47,393.28 (47,393.28) 06/30/2024 AP INV LOUISE HOPSON APR-JUNE 225.00 0.00 47,618.28 (47,618.28) 07/01/2024 24-25 Fiscal Year Begin 0.00 0.00 0.00 07/16/2024 AP INV MY SOCIAL NETWORTH LLC INV0613 525.00 0.00 525.00 (525.00) 09/20/2024 AP INV JENNIFER LYNN SCHOTTEY FACE PAINT 225.00 0.00 750.00 (750.00) 09/30/2024 AP INV AMAZON 09/17/2024 68.99 0.00 818.99 (818.99) 09/30/2024 AP INV MISC CREDIT CARD VENDOR 09/11/2024 200.00 0.00 1,018.99 (1,018.99) 09/30/2024 AP INV MISC CREDIT CARD VENDOR 09/16/2024 870.00 0.00 1,888.99 (1,888.99) 10/08/2024 AP INV HARBOR HOUSE PUBLISHERS VISIT MUSKEGON 875.00 0.00 2,763.99 (2,763.99) 10/08/2024 AP INV JEFF FRANKLIN LAKESIDE BID 750.00 0.00 3,513.99 (3,513.99) 10/08/2024 AP INV MY SOCIAL NETWORTH LLC 0642 375.00 0.00 3,888.99 (3,888.99) 10/15/2024 AP INV MARK FLERMOEN 10152024 585.00 0.00 4,473.99 (4,473.99) 10/18/2024 AP INV LOUISE HOPSON 101424 225.00 0.00 4,698.99 (4,698.99) 10/23/2024 AP INV WEST BEND MUTUAL INSURANCE COMPANY B807461 499.00 0.00 5,197.99 (5,197.99) 10/29/2024 AP INV SUMMARY AP 10/29/2024 11,500.00 0.00 16,697.99 (16,697.99) 12/04/2024 AP INV SUMMARY AP 12/04/2024 487.75 0.00 17,185.74 (17,185.74) 12/09/2024 AP INV SUMMARY AP 12/09/2024 11,500.00 0.00 28,685.74 (28,685.74) 12/31/2024 END BALANCE 28,685.74 (28,685.74) 01/01/2024 286-704-995-200000 BUDGETED OTHER FINANCING USES BEG. BALANCE 0.00 0.00 0.00 11/30/2024 GJ JE RECORD TRANSFER FOR BROCHURES & PUNCH 0000010743 600.00 0.00 600.00 (600.00) 12/31/2024 END BALANCE 600.00 (600.00) Grand Total 0.00 51,241.41 01/06/2025 11:09 AM Page: 4/4 Lakeside Business Improvement District Agenda Items IV-B for January 15, 2025 2025 Meeting Dates Requesting Party: City Economic Development Outline of Request: Staff is asking the Lakeside BID to approve the 2025 meeting dates. Staff Comments: According to the Open Meetings, Act, each board and commission must approve all meeting dates during the first meeting of the year. Staff Recommendation: To approve the Lakeside BID/CIA meeting dates for 2025. Suggested Motion: I move to approve the Lakeside BID/CIA 2025 meeting dates. Lakeside Business Improvement District/Corridor Improvement Authority City Hall Room 204, 933 Terrace St, Muskegon, MI 49440 9am Meeting Dates Wednesday, January 15, 2025 Wednesday, February 19, 2025 Wednesday, March 19, 2025 Wednesday, April 16, 2025 Wednesday, May 21, 2025 Wednesday, June 18, 2025 Wednesday, July 16, 2025 Wednesday, August 20, 2025 Wednesday, September 17, 2025 Wednesday, October 15, 2025 Wednesday, November 19, 2025 Wednesday, December 17, 2025 *All dates are tentative Lakeside Business Improvement District Agenda Items IV-C for January 15, 2025 Parking/Traffic Update Requesting Party: City Economic Development Staff Comments: Staff met with the Traffic Committee to address the concerns raised during the November 20, 2024, meeting. The Traffic Team will work on adding additional signage to side streets and along Lakeshore Drive where signs are missing, though this effort may be delayed due to weather conditions. Parking Enforcement will also increase monitoring of time-limited parking to encourage employees to utilize designated parking areas. As for other recommendations, such as striping parking spaces and exploring parking options at the Grand Trunk Launch Ramp, these will require further discussion regarding financing and implementation strategies. Staff Recommendation: Discussion Only Suggested Motion: Discussion Only Holidays in Lakeside Dec 7 - Dec 7, 2024 2025 Placer Labs, Inc. | More insights at placer.ai 2/7 Holidays in Lakeside Dec 7 - Dec 7, 2024 2025 Placer Labs, Inc. | More insights at placer.ai 3/7 Holidays in Lakeside Dec 7 - Dec 7, 2024 2025 Placer Labs, Inc. | More insights at placer.ai 4/7 Holidays in Lakeside Dec 7 - Dec 7, 2024 2025 Placer Labs, Inc. | More insights at placer.ai 5/7 Holidays in Lakeside Dec 7 - Dec 7, 2024 2025 Placer Labs, Inc. | More insights at placer.ai 6/7 Holidays in Lakeside Dec 7 - Dec 7, 2024 2025 Placer Labs, Inc. | More insights at placer.ai 7/7 Lakeside After Hours Dec 19 - Dec 19, 2024 2025 Placer Labs, Inc. | More insights at placer.ai 2/7 Lakeside After Hours Dec 19 - Dec 19, 2024 2025 Placer Labs, Inc. | More insights at placer.ai 3/7 Lakeside After Hours Dec 19 - Dec 19, 2024 2025 Placer Labs, Inc. | More insights at placer.ai 4/7 Lakeside After Hours Dec 19 - Dec 19, 2024 2025 Placer Labs, Inc. | More insights at placer.ai 5/7 Lakeside After Hours Dec 19 - Dec 19, 2024 2025 Placer Labs, Inc. | More insights at placer.ai 6/7 Lakeside After Hours Dec 19 - Dec 19, 2024 2025 Placer Labs, Inc. | More insights at placer.ai 7/7
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