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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
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