Lakeside Business Improvement District Agenda 03-26-2025

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                                      CITY OF MUSKEGON
                           LAKESIDE BUSINESS IMPROVEMENT DISTRICT-
                              CORRIDOR IMPROVEMENT AUTHORITY
                                       BOARD MEETING


DATE OF MEETING:                              March 26, 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 – January 15, 2025

III.       CIA Agenda Items – Jocelyn Hines

                    A. CIA Financial Statements – January 31, 2025
                    B. CIA Financial Statements – February 28, 2025

IV.        BID Agenda Items – Jocelyn Hines

                    A.     BID financial statements – January 31, 2025
                    B.     BID financial statements - February 28, 2025
                    C.     Approval of board members
                    D.     Parking Concerns
                              a. Parking Enforcement

V.         Adjourn




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                        Lakeside Corridor Improvement Authority
                         Agenda Items III-A for March 26, 2025

                             Financial Statement as of 1-31-2025

Requesting Party: City Economic Development

Outline of Request: Staff is asking the Lakeside CIA to review and accept the CIA financial
statement as of January 31, 2025.

Staff Comments: As of January 31, 2025, your fund balance is $29,787.44. At our December
2024 meeting, we voted to transfer up to $15,213.00 to the Lakeside BID to cover additional
expenses of the BID. This transfer will likely happen as needed.

Staff Recommendation: To accept the Lakeside CIA financial statement as of January 31, 2025.

Suggested Motion: I move to accept the Lakeside Corridor Improvement Authority financial
statement as of January 31, 2025.




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                        Lakeside Corridor Improvement Authority
                         Agenda Items III-B for March 26, 2025

                             Financial Statement as of 2-28-2025

Requesting Party: City Economic Development

Outline of Request: Staff is asking the Lakeside CIA to review and accept the CIA financial
statement as of February 28, 2025.

Staff Comments: As of February 28, 2025, your fund balance is $23,413.27. This fund balance
is different than January 2025 fund balance due to the $6,374.17 BID transfer.

Staff Recommendation: To accept the Lakeside CIA financial statement as of February 28,
2025.

Suggested Motion: I move to accept the Lakeside Corridor Improvement Authority financial
statement as of February 28, 2025.




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                          Lakeside Business Improvement District
                          Agenda Items IV-A for March 26, 2025

                             Financial Statement as of 1-31-2025

Requesting Party: City Economic Development

Outline of Request: Staff is asking the Lakeside BID to review and accept the BID financial
statement as of January 31, 2025.

Staff Comments: As of January 31, 2025, your fund balance is -$3,054.17. The total amount for
expenditures was $375 for My Social Networth (1st Quarter invoice) and $225 for Louise
Hopson social media invoices (October 1, 2024 – December 30, 2024). Finance made a transfer
of $3,920 to cover snow removal expenses.

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.




                                                                                              4
                          Lakeside Business Improvement District
                          Agenda Items IV-B for March 26, 2025

                             Financial Statement as of 2-28-2025

Requesting Party: City Economic Development

Outline of Request: Staff is asking the Lakeside BID to review and accept the BID financial
statement as of February 28, 2025.

Staff Comments: As of February 28, 2025, your fund balance is $3,320.00. This fund balance is
different than January 2025 due to the transfer of $6,374.17 from the CIA to make the 2024
budget whole.

Staff Recommendation: To accept the Lakeside BID financial statement as of February 28,
2025.

Suggested Motion: I move to accept the Lakeside Business Improvement District financial
statement as of February 28, 2025.




                                                                                              5
                          Lakeside Business Improvement District
                          Agenda Items IV-C for March 26, 2025

                             Board Member Recommendation

Requesting Party: City Economic Development

Outline of Request: Staff is requesting the fulfillment of a board member vacancy from January
31, 2025 – January 30, 2028.

Staff Comments: There is one current vacancy on the Lakeside BID/CIA due to Jackie
Knowlton’s resignation. We received an application from Nils (Ed) Bodman, Alexis Baldwin,
and Jerome Johnson. We must make a recommendation to the Community Relations
Commission regarding the acceptance of an applicant.

Staff Recommendation: To recommend _______ to the Lakeside BID/CIA until term
completion of January 30, 2028.

Suggested Motion: I move to recommend _______for the Lakeside BID/CIA to the Community
Relations Commission.




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