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CITY OF MUSKEGON LAKESIDE BUSINESS IMPROVEMENT DISTRICT- CORRIDOR IMPROVEMENT AUTHORITY BOARD MEETING DATE OF MEETING: November 20, 2024 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 – October 9, 2024 III. CIA Agenda Items – Jocelyn Hines A. CIA Financial Statements – October 31, 2024 IV. BID Agenda Items – Jocelyn Hines A. BID financial statements – October 31, 2024 B. Lakeside parking discussion – Planning Department C. Holidays in Lakeside a. Small Business Saturday – Saturday, November 30 b. Holiday Punch Cards D. Placer Reports a. Cruise into Lakeside Car Show – September 21 b. Lakeside Fall Festival – October 5 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 BUSINESS IMPROVEMENT DISTRICT- CORRIDOR DEVELOPMENT AUTHORITY REGULAR BOARD MEETING October 9, 2024 MEETING MINUTES Meeting called to order at 9:02 am by M. Flermoen. I. ROLL CALL MEMBERS PRESENT: M. Lyonnais, R. Jenkins. M. Flermoen, L. Hopson, S. Wilson, D. Ghezzi, M. Smith MEMBERS ABSENT: J. Knowlton OTHERS PRESENT: J. Hines, I. Gonzalez and W. Webster of Development Services, Cindy Langlois II. Approval of minutes –Approval of minutes from September 18, 2024 was made by M. Smith and supported by R. Jenkins. All in favor. III. CIA Agenda Items – Jocelyn Hines A. CIA Financial Statements – September 30, 2024 S. Wilson motioned to accept the Lakeside CIA financial statement as of September 30, 2024, supported by L. Hopson with M. Lyonnais, R. Jenkins. M. Flermoen, L. Hopson, S. Wilson, D. Ghezzi, M. Smith voting aye. IV. BID Agenda Items – Jocelyn Hines A. BID financial statements – September 30, 2024 L. Hopson motioned to accept the BID financial statements of September 30, 2024, supported by S. Wilson with M. Lyonnais, R. Jenkins. M. Flermoen, L. Hopson, S. Wilson, D. Ghezzi, M. Smith voting aye. B. Muskegon Innovation Hub Presentation – Cyndi Langlois - Discussion only – Cyndi shared opportunities of the HUB to help small businesses. Business coaching, grant opportunities, shared office space. C. Snow Removal BID Discussion – Jocelyn Hines shared the only bid received from Elite Integrated Pest Management. The bid will be for three years starting November, 2024. R. Jenkins made a motion to accept the submitted bid from Elite Integrated Pest Management & Snowplowing in the amount of $23,000 and to get prior approval if there is any further additional equipment needed to remove snow from the area. Supported by M. Lyonnais with M. Lyonnais, R. Jenkins. M. Flermoen, L. Hopson, S. Wilson, M. Smith voting aye. D. Ghezzi has abstained. D. Lakeside Fall Festival Debrief – Mark Flermoen gave an update that the event was a great success. Wants body count for the festival and the car show. Commented that because of the amount of foot traffic, further safety measures need to take place like road closure. Revisiting social district rules will be revisited with boundaries and non-alcohol establishments. E. Holidays in Lakeside i. Small Business Saturday -November 30 - Jocelyn is working out the logistics and will be updated in next meeting. Brochures have been printed and will be sent out later in the month to all addresses in the city. ii. Holiday Punch Cards Other Business – - There is an opening for another BID member, please spread the word. Applications are on the website. - Preferred will do inventory on the current lights and get back to J. Hines V. Adjourned at 10:08 – Next meeting will be November 20, 2024 Lakeside Corridor Improvement Authority Agenda Items III-A for November 20, 2024 Financial Statement as of 10-31-2024 Requesting Party: City Economic Development Outline of Request: Staff is asking the Lakeside CIA to review and accept the CIA financial statement as of October 31, 2024. Staff Comments: As of October 31 2024, your fund balance is $29,775.04. There is not much change to this financial statement except an interest income of $12.39. 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 happen once these funds are needed. Staff Recommendation: To accept the Lakeside CIA financial statement as of October 31, 2024. Suggested Motion: I move to accept the Lakeside Corridor Improvement Authority financial statement as of October 31, 2024. LAKESIDE CIA FINANCIAL FOR 10/31/2024 Revenues 2023 ACTUAL 2024 BUDGET 31-Oct-24 Special Assessments $ 7,473.00 $ 22,198.00 $ 22,198.00 Interest Income $ 29.64 $ - $ 74.40 Total $ 7,502.64 $ 22,198.00 $ 22,272.40 Expenses 2023 ACTUAL 2024 BUDGET 31-Oct-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 $ 22,272.40 Fund Balance at Beginning of Year $ - $ 7,502.64 Fund Balance at End of Year $ 7,502.64 $ 29,775.04 O:\Planning\COMMON\BID & CIA-Lakeside\Lakeside CIA-BID 2024\Lakeside BID-CIA meeting 11-20-24\Lakeside CIA October 31 2024 Lakeside Business Improvement District Agenda Items IV-A for November 20, 2024 Financial Statement as of 10-31-2024 Requesting Party: City Economic Development Outline of Request: Staff is asking the Lakeside BID to review and accept the BID financial statement as of October 31, 2024. Staff Comments: As of October 31, 2024, your fund balance is $17,704.91. The total amount for expenditures was $2,972.99 for Fall Festival expenses and $1,475 for advertising. The total amount for revenue was $594 in additional special assessment income and $8.79 in interest income. There was also a sponsorship in the amount of $500 for the Lakeside Fall Festival. There is a fund balance of $8,082.46. This fund balance is different than previous financial statements due to the financial statements now being on a calendar year. Staff Recommendation: To accept the Lakeside BID financial statement as of October 31, 2024. Suggested Motion: I move to accept the Lakeside Business Improvement District financial statement as of October 31, 2024. GL ACTIVITY REPORT FOR CITY OF MUSKEGON From 01/01/2024 to 10/31/2024 Date JNL Type Description Reference # Debits Credits Balance 01/01/2024 231-000-001 CASH IN BANK BEG. BALANCE 7,502.64 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 10/31/2024 END BALANCE 22,284.79 12.39 29,775.04 01/01/2024 231-000-399 FUND BALANCE UNRESERVED BEG. BALANCE (7,483.91) 07/01/2024 24-25 Fiscal Year Begin (7,483.91) 10/31/2024 END BALANCE (7,483.91) 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 (22,198.00) 07/01/2024 24-25 Fiscal Year Begin 0.00 10/31/2024 END BALANCE 22,198.00 0.00 01/01/2024 231-000-665-004970 INCOME TAX-PENALTY & INTEREST BEG. BALANCE (18.73) 01/31/2024 GJ JE INTEREST ON INVESTMENTS 9838 1.56 (20.29) 02/29/2024 GJ JE INTEREST ON INVESTMENTS 9851 3.13 (23.42) 03/31/2024 GJ JE INTEREST ON INVESTMENTS 10051 7.75 (31.17) 04/30/2024 GJ JE INTEREST ON INVESTMENTS 10086 12.38 (43.55) 05/31/2024 GJ JE INTEREST ON INVESTMENTS 10254 12.39 (55.94) 05/31/2024 GJ JE TO REVERSE MANUAL JOURNAL ENTRY: 1025 10255 12.39 (43.55) 05/31/2024 GJ JE INTEREST ON INVESTMENTS 10256 12.39 (55.94) 06/30/2024 GJ JE INTEREST ON INVESTMENTS 10309 12.39 (68.33) 07/01/2024 24-25 Fiscal Year Begin 0.00 07/31/2024 GJ JE INTEREST ON INVESTMENTS 10466 12.40 (12.40) 08/31/2024 GJ JE INTEREST ON INVESTMENTS 10606 12.40 (24.80) 10/31/2024 END BALANCE 12.39 86.79 (24.80) 01/01/2024 286-000-001 CASH IN BANK BEG. BALANCE 8,082.46 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 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 10/03/2024 CR RCPT Imported Subsidiary Database Receipt 100842105 500.00 20,419.91 10/11/2024 CD CHK Check: 10 36107 36107 875.00 19,544.91 10/11/2024 CD CHK Check: 10 36114 36114 750.00 18,794.91 10/11/2024 CD CHK Check: 10 36128 36128 375.00 18,419.91 10/18/2024 CD CHK Check: 10 36147 36147 585.00 17,834.91 10/18/2024 CD CHK Check: 10 37919 37919(A) 225.00 17,609.91 10/21/2024 CR RCPT Special Assessments 10/21/2024 594.00 18,203.91 10/25/2024 CD CHK Check: 10 36206 36206 499.00 17,704.91 10/31/2024 END BALANCE 23,095.31 13,472.86 17,704.91 11/06/2024 12:17 PM Page: 1/3 GL ACTIVITY REPORT FOR CITY OF MUSKEGON From 01/01/2024 to 10/31/2024 Date JNL Type Description Reference # Debits Credits Balance 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) 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 10/31/2024 END BALANCE 13,463.90 13,463.90 0.00 01/01/2024 286-000-399 FUND BALANCE UNRESERVED BEG. BALANCE (34,207.76) 07/01/2024 24-25 Fiscal Year Begin (34,207.76) 10/31/2024 END BALANCE (34,207.76) 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 (18,878.79) 06/18/2024 GJ JE DIST OF FUNDS FROM 2023 SETTLEMENT 10139 2,766.44 (21,645.23) 07/01/2024 24-25 Fiscal Year Begin 0.00 10/21/2024 CR RCPT Special Assessments 10/21/2024 594.00 (594.00) 10/31/2024 END BALANCE 22,239.23 (594.00) 01/01/2024 286-000-665-004970 INTEREST INCOME BEG. BALANCE (93.15) 01/31/2024 GJ JE INTEREST ON INVESTMENTS 9838 1.68 (94.83) 02/29/2024 GJ JE INTEREST ON INVESTMENTS 9851 2.66 (97.49) 03/31/2024 GJ JE INTEREST ON INVESTMENTS 10051 1.82 (99.31) 04/30/2024 GJ JE INTEREST ON INVESTMENTS 10086 5.39 (104.70) 05/31/2024 GJ JE INTEREST ON INVESTMENTS 10254 8.96 (113.66) 05/31/2024 GJ JE TO REVERSE MANUAL JOURNAL ENTRY: 1025 10255 8.96 (104.70) 05/31/2024 GJ JE INTEREST ON INVESTMENTS 10256 8.96 (113.66) 06/30/2024 GJ JE INTEREST ON INVESTMENTS 10309 8.88 (122.54) 07/01/2024 24-25 Fiscal Year Begin 0.00 07/31/2024 GJ JE INTEREST ON INVESTMENTS 10466 8.94 (8.94) 08/31/2024 GJ JE INTEREST ON INVESTMENTS 10606 8.79 (17.73) 10/31/2024 END BALANCE 8.96 56.08 (17.73) 01/01/2024 286-000-684 MISC. & SUNDRY BEG. BALANCE (13,133.92) 07/01/2024 24-25 Fiscal Year Begin 0.00 09/11/2024 CR RCPT LAKESIDE BID FALL FEST SPONSORSHIP 100839353 300.00 (300.00) 10/03/2024 CR RCPT MISC. & SUNDRY 100842105 500.00 (800.00) 11/06/2024 12:17 PM Page: 2/3 GL ACTIVITY REPORT FOR CITY OF MUSKEGON From 01/01/2024 to 10/31/2024 Date JNL Type Description Reference # Debits Credits Balance 10/31/2024 END BALANCE 800.00 (800.00) 01/01/2024 286-704-801 CONTRACTUAL SERVICES BEG. BALANCE 39,352.37 01/08/2024 AP INV LAKESIDE NEIGHBORHOOD ASSOC. 102323 300.00 39,652.37 02/07/2024 AP INV PREFERRED LAWN CARE & SNOW PLOWING 1677-2 2,809.61 42,461.98 03/05/2024 AP INV HARBOR HOUSE PUBLISHERS CUS21103 875.00 43,336.98 03/12/2024 AP INV LOUISE HOPSON 0305 350.00 43,686.98 04/23/2024 AP INV MY SOCIAL NETWORTH LLC INV0594 525.00 44,211.98 04/30/2024 AP INV ROCKET MARKETING 1 1,200.00 45,411.98 06/05/2024 AP INV MARK FLERMOEN 06052024 825.90 46,237.88 06/11/2024 AP INV LAWSON PRINTERS, INC. 100958 683.70 46,921.58 06/11/2024 AP INV LAWSON PRINTERS, INC. 101210 471.70 47,393.28 06/30/2024 AP INV LOUISE HOPSON APR-JUNE 225.00 47,618.28 07/01/2024 24-25 Fiscal Year Begin 0.00 07/16/2024 AP INV MY SOCIAL NETWORTH LLC INV0613 525.00 525.00 09/20/2024 AP INV JENNIFER LYNN SCHOTTEY FACE PAINT 225.00 750.00 09/30/2024 AP INV AMAZON 09/17/2024 68.99 818.99 09/30/2024 AP INV MISC CREDIT CARD VENDOR 09/11/2024 200.00 1,018.99 09/30/2024 AP INV MISC CREDIT CARD VENDOR 09/16/2024 870.00 1,888.99 10/08/2024 AP INV HARBOR HOUSE PUBLISHERS VISIT MUSKEGON 875.00 2,763.99 10/08/2024 AP INV JEFF FRANKLIN LAKESIDE BID 750.00 3,513.99 10/08/2024 AP INV MY SOCIAL NETWORTH LLC 0642 375.00 3,888.99 10/15/2024 AP INV MARK FLERMOEN 10152024 585.00 4,473.99 10/18/2024 AP INV LOUISE HOPSON 101424 225.00 4,698.99 10/23/2024 AP INV WEST BEND MUTUAL INSURANCE COMPANY B807461 499.00 5,197.99 10/31/2024 END BALANCE 13,463.90 5,197.99 Grand Total 72,329.25 72,329.25 9,549.74 11/06/2024 12:17 PM Page: 3/3 LAKESIDE BID FINANCIAL FOR 10/31/2024 Revenues 2023 ACTUAL 2024 BUDGET 31-Oct-24 Special Assessments $ 17,808.13 $ 21,645.23 $ 22,239.23 Interest Income $ 150.82 $ 150.82 $ 47.12 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 $ 23,086.35 Expenses 2023 ACTUAL 2024 BUDGET 31-Oct-24 Landscaping $ 135.68 $ 1,000.00 $ - Holiday Decorations $ 5,816.60 $ 1,500.00 $ 2,809.61 Snow Removal $ 40,320.00 $ 28,000.00 $ - Contingency $ - $ - $ - 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 $ 13,463.90 Net Rev/Expenses $ (24,975.18) $ (857.00) $ 9,622.45 Fund Balance at Beginning of Year $ 33,057.64 $ 8,082.46 Fund Balance at End of Year $ 8,082.46 $ 17,704.91 O:\Planning\COMMON\BID & CIA-Lakeside\Lakeside CIA-BID 2024\Lakeside BID-CIA meeting 11-20-24\Lakeside Bid October 31, 2024 Lakeside Business Improvement District Agenda Items IV-C for November 20, 2024 Holidays in the City Requesting Party: City Staff Outline of Request: Staff is asking the Lakeside BID to consider an amount towards the cost of holiday punch cards. Staff Comments: During our August 14th meeting, we discussed the Lakeside BID’s potential contribution to the holiday punch card initiative. The Economic Development and Community Engagement teams have been collaborating with local businesses in the Downtown and Lakeside areas to ensure a robust list of participants. To enhance the appeal of the initiative, we have gathered prizes from several businesses for a post-January 6th giveaway. The total cost for 3,000 punch cards came to $380.23. We are requesting that the Lakeside BID contribute up to $150 toward this cost, with the Downtown Development Authority covering the remaining amount. Staff Recommendation: To contribute to the holiday punch cards for Holidays in the City up to $150. Suggested Motion: I move to approve contributing up to $150 for the holiday punch cards. QUOTATION Quote Information Quotation No: 44982 Quotation Date: 10/18/2024 Sales Rep: Brian Kamp Estimator: Brian Kamp Page: Page 1 of 1 Customer Information Customer Account: 80000A10-1713977532 Name: City of Muskegon Address: 933 Terrace Street Muskegon, MI 49440 Contact: Kassi Dean Phone: 231-571-5811 Job Information Job Description: Holiday Folded Punch Cards 4x3.5 Flat Score at 2" Leave flat Comments: Component Information Component: Holiday Folded Punch Cards Size: 4 X 3.5 Bleed: Yes # of 1 Sided B/W: 0 Stock Description: Flo Dull Digital Cover # of 2 Sided B/W: 0 Color: White # of 1 Sided Color: 0 BWT: 100 # of 2 Sided Color: 1 Thickness: .0095 # of B/W & Color 0 # of Blank Copies: 0 Quantity Price Sales Tax Total W/Tax Per Each 1,000 $193.40 $193.40 $0.193 2,000 $297.73 $297.73 $0.149 3,000 $380.23 $380.23 $0.127 4,000 $491.83 $491.83 $0.123 5,000 $595.06 $595.06 $0.119 Thank you for allowing us the opportunity to quote your printing project. All prices are valid for 30 days. Enterprise Page 1 of 1 Printed:10/18/2024 7:39:16AM Cruise into Lakeside Car Show Sep 21 - Sep 21, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 2 / 10 Cruise into Lakeside Car Show Sep 21 - Sep 21, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 3 / 10 Cruise into Lakeside Car Show Sep 21 - Sep 21, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 4 / 10 Cruise into Lakeside Car Show Sep 21 - Sep 21, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 5 / 10 Cruise into Lakeside Car Show Sep 21 - Sep 21, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 6 / 10 Cruise into Lakeside Car Show Sep 21 - Sep 21, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 7 / 10 Cruise into Lakeside Car Show Sep 21 - Sep 21, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 8 / 10 Cruise into Lakeside Car Show Sep 21 - Sep 21, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 9 / 10 Cruise into Lakeside Car Show Sep 21 - Sep 21, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 10 / 10 Lakeside Fall Festival Oct 5 - Oct 5, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 2 / 10 Lakeside Fall Festival Oct 5 - Oct 5, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 3 / 10 Lakeside Fall Festival Oct 5 - Oct 5, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 4 / 10 Lakeside Fall Festival Oct 5 - Oct 5, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 5 / 10 Lakeside Fall Festival Oct 5 - Oct 5, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 6 / 10 Lakeside Fall Festival Oct 5 - Oct 5, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 7 / 10 Lakeside Fall Festival Oct 5 - Oct 5, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 8 / 10 Lakeside Fall Festival Oct 5 - Oct 5, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 9 / 10 Lakeside Fall Festival Oct 5 - Oct 5, 2024 2024 Placer Labs, Inc. | More insights at placer.ai 10 / 10
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