Lakeside Business Improvement District Agenda 01-14-2025

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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




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                         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
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