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DEVELOPMENT SERVICES
LAKESIDE BUSINESS IMPROVEMENT DISTRICT-
CORRIDOR DEVELOPMENT AUTHORITY
REGULAR
BOARD MEETING
May 21, 2025
MEETING MINUTES
Meeting called to order at 9:00 am by M. Flermoen.
I. ROLL CALL
MEMBERS PRESENT: M. Lyonnais (9:05), E. Bodman, M. Flermoen, L. Hopson, S. Wilson, M. Smith, D.
Ghezzi
MEMBERS ABSENT: R. Jenkins, C. Castle (E)
OTHERS PRESENT: J. Hines, A. Meisch and W. Webster
II. Approval of Minutes – M. Smith made a motion to approve the minutes from March 26, 2025.
Supported by S. Wilson with all in favor.
III. A. CIA Financial Statement – March 31, 2025 – J. Hines. As of March 31, 2025, your fund balance is
$60,018.11. There was also interest income in the amount of $9.76. The fund balance includes the
$36,584 Lakeside CIA tax capture. 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. L. Hopson motioned to accept the Lakeside CIA financial statement as of March 31, 2025.
Supported by S. Wilson with M. Lyonnais, E. Bodman, M. Smith, L. Hopson, M. Flermoen, D. Ghezzi and
S. Wilson voting aye
B. CIA Financial Statement - April 30, 2025 – J. Hines. As of April 30, 2025, your fund balance is
$60,027.87. There was also interest income in the amount of $9.76. 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. M. Smith motioned to accept the Lakeside CIA
financial statement as of April 30, 2025 and supported L. Hopson with M. Lyonnais, E. Bodman, M.
Smith, L. Hopson, M. Flermoen, D. Ghezzi and S. Wilson voting aye
IV. A. BID Financial Statement– March 31, 2025 – J. Hines. As of January 31, 2025, your fund balance is
$2,234.57. The total amount for expenditures was $1,100 to Gabrielle Anne Miller for Fall Festival
expenses. There was also interest income in the amount of $0.70. S. Wilson made a motion to accept
the Lakeside BID financial statement as of March 31, 2025. Supported by L. Hopson with M. Lyonnais,
E. Bodman, M. Smith, L. Hopson, M. Flermoen, D. Ghezzi and S. Wilson voting aye
B. BID Financial Statement – April 30, 2025 – J. Hines. As of April 30, 2025, your fund balance is
$18,881.43. The Lakeside BID tax capture was $16,645.47. This is a difference of $4,999.76 from our
2025 budgeted amount. There was also some interest income in the amount of $1.39. S. Wilson made a
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DEVELOPMENT SERVICES
motion to accept the Lakeside BID financial statement as of April 30, 2025 and supported by M. Smith
with M. Lyonnais, E. Bodman, M. Smith, L. Hopson, M. Flermoen, D. Ghezzi and S. Wilson voting aye
C. Addison St. Neighborhood Sign – This item was supposed to be discussion only. Due to timing and
wanting it complete this summer a decision to vote was made. M. Smith made a motion to approve
$250 for the Addison Street neighborhood sign. L. Hopson supported with M. Lyonnais, E. Bodman, M.
Smith, L. Hopson, M. Flermoen, D. Ghezzi and S. Wilson voting aye
D.DISCUSSION: Fall Festival
V. Adjourned at 9:26AM
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