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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 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 1 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. 2 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. 3 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. 6
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