Lakeside Business Improvement District Agenda 04-19-2023

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


DATE OF MEETING:                        April 19 2023
TIME OF MEETING:                        9:00 a.m.
PLACE OF MEETING:                       City Hall Room 204, 933 Terrace St, Muskegon, MI


                                                          AGENDA

I.        Roll Call

II.       Lakeside BID-CIA minutes, 3-15-23

III.      BID financial statements, 3-31-23

IV.       Lakeside BID renewal options and direction

V.        MML Foundation grant application – crosswalk art project

VI.       Report from the Lakeside District Association

VII.      Adjourn




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                    LAKESIDE BUSINESS IMPROVEMENT DISTRICT-
                             CORRIDOR DEVELOPMENT AUTHORITY
                                         REGULAR
                                      BOARD MEETING
                                        March 15, 2023
                                     MEETING MINUTES

   Meeting called to order at 9:08am by M. Flermoen.

   I.  ROLL CALL
   MEMBERS PRESENT: M. Flermoen, K. Fearnley, L. Hopson, M. Lyonnais, R. Jenkins, D. Ghezzi
   MEMBERS ABSENT: D. Ghezzi, J. Seyferth (excused), A. Serio, A. Chambers
   OTHERS PRESENT: D. Alexander, C. Alexander, S. Green, W. Webster

   II.    APPROVAL OF MINUTES
   Motion by K. Fearnley, second by R. Jenkins to approve the Lakeside BID Meeting Minutes from 11-16-22.
   Vote: 6 yeas, 0 nays, 0 abstentions
   MOTION PASSES

   III.   ACTION ITEM: REVIEW OF FINANCES
          The Lakeside BID ended 2022 with fund balance of $33,057 and after two months of 2023 a fund
          balance of $17,778. All winter obligations for snow removal and Christmas decorations have been
          met. The BID anticipates receiving $24,000 in late spring for its last special assessments. In
          addition, the Lakeside CIA will receive $7,473 for the first-year tax increment revenue. In total,
          Lakeside will have $49,251 in available fund in 2023. The only standing obligation is the $26,880 for
          next season’s sidewalk snow removal, leaving $22,271 for discretionary spending.


    Motion by L. Hopson, second by K. Fearnley to accept the Lakeside Business Improvement District
financial statement as of 2-28-23.
    Vote: 6 yeas, 0 nays, 0 abstentions
    MOTION PASSES

   IV.     REVIEW OF WINTER SERVICES-SNOW REMOVAL AND HOLIDAY DECORATIONS
   A discussion on the acceptance and approval of the services and holiday decorations was made. Lighting
   issues were addressed due to electrical issues and sparse decorations throughout.
   Design approval for local made 46” stars for the poles (66). There is power on every pole and would be
   white and blue LED lights to be used during other holidays as well. Agreement to have a demo model star
   for final approval.
   6 yeas, 0 nays
V.       DISCUSSION OF UPCOMING SPRING AND SUMMER
There was discussion on the upcoming spring and summer seasons. A City sponsored event was previously
agreed to when the roads reopened was cancelled due to Covid. D. Alexander to follow up with the Clerk’s
office and a proposal will be submitted. Various options for neighborhood events i.e. seed packets, artists
for bike path or district, official fall festival, etc. Another discussion for an event organizer. D. Alexander
to talk to Carla and other options to be discussed at next meeting.
All were in favor, 0 nays


VI.      LAKESIDE BID RENEWAL AND OPTIONS
Staff is looking at a consensus from the BID board on the question of renewal, for how long and at what
rate. Staff will begin working on documentation and process for renewal. A proposal at $.04 and $.02 will
be presented. Staff gave the process for public hearings and commission meetings where the people can
weigh in and what the assessments will be for the property owners. This is discussion only.


VII. LAKESIDE BUSINESS DEVELOPMENT
Staff gave update on new pizza location. New coffee shop and donut shop will be coming into the old
Pierogi Shack location on Lakeshore for mid April opening. Tiki Boyz is back in town and planning on mid
to late April. Tiny Houses are in the final stages. Plumbing and electric have been installed. Currently
looking for someone to takeover the “hot dog” place.

VIII. ADJOURN
Meeting adjourned by M. Flermoen at 10:29 am.
04/11/2023 12:23 PM                              GL ACTIVITY REPORT FOR CITY OF MUSKEGON                      Page:          1/2
User: jessica.rabe
DB: Muskegon                                    TRANSACTIONS FROM 01/01/2023 TO 03/31/2023
Date         JNL   Type    Description                                 Reference #            Debits     Credits         Balance

Fund 286 LAKESIDE BID
Assets
Department 000
        Unclassified
01/01/2023                 286-000-001 CASH IN BANK                                  BEG. BALANCE                      33,057.64
01/06/2023     CD    CHK   ELITE INTEGRATED PEST MANAGEMENT               30359(A)                     13,440.00       19,617.64
01/27/2023     CD    CHK   PREFERRED LAWN CARE & SNOW PLOWING               545627                        975.00       18,642.64
01/31/2023     GJ    JE    INTEREST ON INVESTMENTS                            8667             10.77                   18,653.41
02/10/2023     CD    CHK   HARBOR HOUSE PUBLISHERS                          545672                        875.00       17,778.41
02/14/2023     GJ    JE    INTEREST ON INVESTMENTS                            8660             16.11                   17,794.52
02/14/2023     GJ    JE    TO REVERSE MANUAL JOURNAL ENTRY: 8660              8664                         16.11       17,778.41
03/31/2023                 286-000-001                                END BALANCE              26.88   15,306.11       17,778.41


  UNCLASSIFIED: Unclassified                                                                   26.88   15,306.11       17,778.41
TOTAL FOR DEPARTMENT 000                                                                       26.88   15,306.11

TOTAL Assets                                                                                   26.88   15,306.11       17,778.41
Fund Equity
Department 000
        Unclassified
01/01/2023                 286-000-399 FUND BALANCE UNRESERVED                       BEG. BALANCE                     (45,790.88)

03/31/2023                 286-000-399                                END BALANCE               0.00        0.00      (45,790.88)


  UNCLASSIFIED: Unclassified                                                                                          (45,790.88)
TOTAL FOR DEPARTMENT 000

TOTAL Fund Equity                                                                                                     (45,790.88)
Revenues
Department 000
        TAXES & SPECIAL ASSESSMENTS
01/01/2023                 286-000-451 SPECIAL ASSESSMENTS                           BEG. BALANCE                      (1,838.24)

03/31/2023                 286-000-451                                END BALANCE               0.00        0.00       (1,838.24)


  4100: TAXES & SPECIAL ASSESSMENTS                                                                                    (1,838.24)

        FINES & PENALTIES
01/01/2023                 286-000-665-004970 INTEREST INCOME                        BEG. BALANCE                        (111.42)
01/31/2023     GJ    JE    INTEREST ON INVESTMENTS                            8667                         10.77         (122.19)
02/14/2023     GJ    JE    INTEREST ON INVESTMENTS                            8660                         16.11         (138.30)
02/14/2023     GJ    JE    TO REVERSE MANUAL JOURNAL ENTRY: 8660              8664             16.11                     (122.19)
03/31/2023                 286-000-665-004970                         END BALANCE              16.11       26.88         (122.19)


  4700: FINES & PENALTIES                                                                      16.11       26.88         (122.19)

        LICENSES & PERMITS
01/01/2023                 286-000-684 MISC. & SUNDRY                                BEG. BALANCE                      (4,593.00)

03/31/2023                 286-000-684                                END BALANCE               0.00        0.00       (4,593.00)


  4200: LICENSES & PERMITS                                                                                             (4,593.00)
TOTAL FOR DEPARTMENT 000                                                                       16.11       26.88

TOTAL Revenues                                                                                 16.11       26.88       (6,553.43)
Expenditures
Department 704 LAKESIDE BID
        CONTRACTUAL SERVICES
01/01/2023                 286-704-801 CONTRACTUAL SERVICES                          BEG. BALANCE                      19,275.90
01/03/2023     AP    INV   LAKESIDE BID SECOND AND FINAL SNOW REMOV           2309      13,440.00                      32,715.90
01/12/2023     AP    INV   LAKESIDE BID CHRISTMAS DECORATIONS                43816         975.00                      33,690.90
01/31/2023     AP    INV   LAKESIDE BID VISITOR GUIDE 2023                MUS31128         875.00                      34,565.90
03/31/2023                 286-704-801                                END BALANCE       15,290.00           0.00       34,565.90


  5300: CONTRACTUAL SERVICES                                                               15,290.00                   34,565.90
TOTAL FOR DEPARTMENT 704 LAKESIDE BID                                                      15,290.00        0.00

TOTAL Expenditures                                                                         15,290.00                   34,565.90
04/11/2023 12:23 PM                      GL ACTIVITY REPORT FOR CITY OF MUSKEGON                      Page:       2/2
User: jessica.rabe
DB: Muskegon                            TRANSACTIONS FROM 01/01/2023 TO 03/31/2023
Date         JNL   Type   Description                         Reference #             Debits     Credits      Balance

TOTAL FOR FUND 286 LAKESIDE BID                                                    15,332.99   15,332.99         0.00
To: Lakeside BID-CIA board members
From: Dave Alexander and Contessa Alexander, BID-CIA staff
Date: April 14, 2023
Re: Staff recommendation for renewal of the Lakeside Business Improvement
District


The three-year Lakeside Business Improvement District special assessment district
ends Dec. 31, 2023. It has been successful in providing an essential service in
sidewalk snow removal, allowing for a transition from the Lakeside District
Association to the Corridor Improvement Authority and establishing a future of
quality public services to a critical commercial district between downtown and
the beach.
As time goes on, the CIA’s tax increment financing revenues will grow to replace
the BID revenues. City of Muskegon Development Services Division staff
recommends that the Lakeside BID be renewed for a final three years so as to
complete the transition to the CIA. Understand that BIDs are special self-
assessments requested by the district property owners for specific
projects/services and must be approved by the City Commission. As the BID
board, you represent the assessed property owners in requesting any renewal.
Staff recommends a three-year renewal for 2024-2026, continuing with current
district boundaries, placing the special assessments on the winter tax bills and
recommending that this be the final BID renewal request. As for the rate based
upon square footage of land of the assessed commercial properties, staff has
analyzed four scenarios – status quo with a rate of 5 cents per square foot, 4
cents per square foot, 3 cents per square foot and 2.5 cents per square foot. Staff
would recommend half the established rate for industrial, automotive and utility
properties that do not gain as much benefit from the district as the other
commercial uses. Furthermore, staff recommends that regular commercial
properties be capped at $2,000 for a 5-cent rate and reduced proportionally if the
rate was lowered.
Staff recommends a 4-cent rate for the next three years based upon financial
analysis of revenues and expenditures. Based upon conservative assumptions, a
4-cent rate maintains current services and discretionary funds for the three years,
offers a 20 percent reduction in special assessments and puts the CIA in a position
to continue current services in 2027 and beyond. Staff analysis shows that a rate
less than 3 cents a square foot leaves the CIA with a deficit in year 2027 based on
current services.
Please review these documents in your agenda packet showing the staff analysis:
   1. The 2023 BID budget and work plan
   2. A CIA TIF 30-year revenue table
   3. A spread sheet showing the special assessments by property for the four
      assessment rates
   4. Financial projections for the Lakeside BID-CIA through 2026 and 2027.
   5. The 2023 BID renewal process
Staff is requesting direction from the BID board on what it would like to
recommend to the Muskegon City Commission so that documentation can be
presented for a formal BID vote at the May 17 Lakeside BID board meeting. There
would need to be a city assessor’s benefit analysis along with two public hearings
and votes of the Muskegon City Commission before Oct. 31, 2023 to have the
special assessments on next winter’s property tax bill.
Suggested motion: I move to direct Development Services Division staff to
prepare final documents for the May 17 meeting to recommend to the Muskegon
City Commission the three-year (2024-2026) renewal of the Lakeside Business
Improvement District with the current boundaries, an annual special assessment
of 4 cent per parcel square foot (2 cents for industrial, automotive and utility
parcels) capped annually at $1,600 per parcel and that this be the last Lakeside
BID assessment.
                      Lakeside Corridor Improvement Authority
                                           30 Year TIF Table
                               Assumes 2.0% Annual Taxable Value Increase

Base Value:                    $6,594,883
Base Year:                           2021
Capturable Millage:               22.0942 Based on 2022 Millages

Year                      TV              Capturable TV     Annual Capture    Cummulative Capture
       (Base Year) 2021     $6,594,883
          (Actual) 2022     $6,933,176          $338,293             $7,474                  $7,474
                   2023     $7,071,840          $476,957            $10,538                 $18,012
                   2024     $7,213,276          $618,393            $13,663                 $24,201
                   2025     $7,357,542          $762,659            $16,850                 $30,513
                   2026     $7,504,693          $909,810            $20,102                 $36,952
                   2027     $7,654,787         $1,059,904           $23,418                 $43,519
                   2028     $7,807,882         $1,212,999           $26,800                 $50,218
                   2029     $7,964,040         $1,369,157           $30,250                 $57,051
                   2030     $8,123,321         $1,528,438           $33,770                 $64,020
                   2031     $8,285,787         $1,690,904           $37,359                 $71,129
                   2032     $8,451,503         $1,856,620           $41,021                 $78,380
                   2033     $8,620,533         $2,025,650           $44,755                 $85,776
                   2034     $8,792,944         $2,198,061           $48,564                 $93,320
                   2035     $8,968,802         $2,373,919           $52,450                $101,014
                   2036     $9,148,178         $2,553,295           $56,413                $108,863
                   2037     $9,331,142         $2,736,259           $60,455                $116,868
                   2038     $9,517,765         $2,922,882           $64,579                $125,034
                   2039     $9,708,120         $3,113,237           $68,784                $133,363
                   2040     $9,902,283         $3,307,400           $73,074                $141,859
                   2041    $10,100,328         $3,505,445           $77,450                $150,524
                   2042    $10,302,335         $3,707,452           $81,913                $159,363
                   2043    $10,508,382         $3,913,499           $86,466                $168,379
                   2044    $10,718,549         $4,123,666           $91,109                $177,575
                   2045    $10,932,920         $4,338,037           $95,845                $186,955
                   2046    $11,151,579         $4,556,696          $100,677                $196,522
                   2047    $11,374,610         $4,779,727          $105,604                $206,281
                   2048    $11,602,102         $5,007,219          $110,631                $216,235
                   2049    $11,834,144         $5,239,261          $115,757                $226,388
                   2050    $12,070,827         $5,475,944          $120,987                $236,744
                   2051    $12,312,244         $5,717,361          $126,321                $247,307
    _ADDRESS        SF per assessing ASSESSMENT AMT 5 cents OWNER_NAME1                       Assessment Amount 4 cents   Assessment Amount 3 cents     Assessment Amount 2.5 cents
1950 LAKESHORE DR      15060.5            $753.03        1950 LAKESHORE DRIVE LLC                                  602.42                       451.815                     376.5125
1983 LAKESHORE DR      13171.88           $658.59        1983 LAKESHORE LLC                                      526.8752                      395.1564                       329.297
1888 LAKESHORE DR                          $0.00         ALDERINK SHANNA                                                0                             0                             0
1742 LAKESHORE DR                          $0.00         BAESSLER LAURI J                                               0                             0                             0
2353 LAKESHORE DR                          $0.00         BILLINGSLEY COLLIN                                             0                             0                             0
2159 LAKESHORE DR                          $0.00         BISHOP TODD/JANET                                              0                             0                             0
2211 LAKESHORE DR                          $0.00         BISSON MARY J                                                  0                             0                             0
2445 LAKESHORE DR      8712.00            $435.60        BLAKE TOM/EVANS BLAKE                                     348.48                        261.36                         217.8
2205 LAKESHORE DR                          $0.00         BODMAN NILS/NADJI M/BUIKEMA LESLIE                             0                             0                             0
2155 LAKESHORE DR                          $0.00         BROCK CHRISTOPHER J                                            0                             0                             0
1991 LAKESHORE DR      40617.80           $2,000.00      BTBG INVESTMENTS LLC                                        1600                          1200                          1000
2133 LAKESHORE DR                           $0.00        BURLINGAME DANIEL                                              0                             0                             0
2085 LAKESHORE DR                           $0.00        BVF PROPERTIES LLC                                             0                             0                             0
1700 LAKESHORE DR      26400.00           $1,320.00      C & C MANAGEMENT GROUP INC                                  1056                           792                           660
2182 LAKESHORE DR      37644.29           $1,882.21      CENTRAL PAPER EMPLOYEES FCU                           1505.7716                     1129.3287                     941.10725
2123 LAKESHORE DR                           $0.00        CHRIS COLLINS RENTALS LLC                                      0                             0                             0
2117 LAKESHORE DR                           $0.00        COLLINS CHRISTOPHER TRUST ET AL                                0                             0                             0
1794 LAKESHORE DR      19694.80           $2,000.00      CROW INVESTMENTS LLC                                        1600                          1200                          1000
1786 LAKESHORE DR      6210.00              $0.00        CROW INVESTMENTS LLC                                       248.4                         186.3                        155.25
1756 LAKESHORE DR      19800.00             $0.00        RAANS PROPERTIES LLC                                         792                           594                           495
2034 LAKESHORE DR      10767.00            $269.18       DOOM TREVOR                                               215.34                       161.505                     134.5875
2471 LAKESHORE DR                           $0.00        DOUGLAS STEVEN M/EVE E                                         0                             0                             0
2437 LAKESHORE DR                           $0.00        DOYLE PATRICK M                                                0                             0                             0
1930 LAKESHORE DR      18144.00            $907.20       FELINSKI BILL W TRUST                                     725.76                        544.32                         453.6
1878 LAKESHORE DR                           $0.00        FGA LLC                                                        0                             0                             0
2130 LAKESHORE DR                           $0.00        FONNER ADAM M                                                  0                             0                             0
2054 LAKESHORE DR      8600.00             $215.00       FUNK EDWARD W TRUST                                          172                           129                         107.5
1732 LAKESHORE DR      8750.00             $437.50       GARRETT LORIL                                                350                         262.5                        218.75
2020 LAKESHORE DR      6675.23             $333.76       GAWKOWSKI PROPERTIES LAKESHORE LLC                      267.0092                      200.2569                    166.88075
2043 LAKESHORE DR                           $0.00        GHEZZI RICHARD                                                 0                             0                             0
2017 LAKESHORE DR      8170.80             $408.54       GHEZZI RICHARD A ESTATE                                  326.832                       245.124                        204.27
1812 LAKESHORE DR      19386.00            $969.30       GHEZZI RICHARD A ESTATE                                   775.44                        581.58                        484.65
1937 LAKESHORE DR      9529.00             $476.45       GHEZZI RICHARD P                                          381.16                        285.87                       238.225
2055 LAKESHORE DR                           $0.00        GHEZZI TRAVIS R                                                0                             0                             0
2033 LAKESHORE DR      7425.00             $371.25       GHEZZI TRAVIS R                                              297                        222.75                       185.625
1904 LAKESHORE DR                           $0.00        GOFF ROBERT SR/SHAWN L                                         0                             0                             0
1629 LAKESHORE DR                           $0.00        GOULET ZACHARY T                                               0                             0                             0
2341 LAKESHORE DR      7700.00             $385.00       H2O ENTERPRISES LLC                                          308                           231                         192.5
2349 LAKESHORE DR                           $0.00        HAMEL TROY S/CHRISTINE                                         0                             0                             0
2144 LAKESHORE DR                           $0.00        HAMMERLE WENDI                                                 0                             0                             0
2075 LAKESHORE DR                           $0.00        HASSALEVRIS JASON                                              0                             0                             0
2235 LAKESHORE DR                           $0.00        HENDRICKSON EDWIN L/DEBRA B                                    0                             0                             0
2257 LAKESHORE DR                           $0.00        HICKS ANGELA                                                   0                             0                             0
2333 LAKESHORE DR                           $0.00        HYSO KLAID                                                     0                             0                             0
1716 LAKESHORE DR                           $0.00        JOHNSON BRIAN/DEBORAH                                          0                             0                             0
2355 LAKESHORE DR                           $0.00        KENDRA JOHN                                                    0                             0                             0
1883 LAKESHORE DR      7078.00             $353.90       KORNDORFER PAUL R                                         283.12                        212.34                        176.95
1891 LAKESHORE DR      7407.00             $370.35       KORNDORFER PAUL R                                         296.28                        222.21                       185.175
1830 LAKESHORE DR                           $0.00        KUBON NANCY ET AL                                              0                             0                             0
1777 LAKESHORE DR                           $0.00        LAKESIDE VETERANS CLUB                                         0                             0                             0
2116 LAKESHORE DR                           $0.00        LANGE RAYMOND A JR/LANGE SCOTT A                               0                             0                             0
1605 LAKESHORE DR                           $0.00        LARSON ALEXANDRIA                                              0                             0                             0
2465 LAKESHORE DR      16665.00            $833.25       M J BLAIS LLC                                              666.6                        499.95                       416.625
1637 LAKESHORE DR                           $0.00        MCCABE JAMES F                                                 0                             0                             0
2245 LAKESHORE DR                 $0.00      MCCALL WENDY                                               0                       0                      0
1905 LAKESHORE DR                 $0.00      MERLONE PROPERTIES LLC                                     0                       0                      0
2160 LAKESHORE DR                 $0.00      MICHAEL MORSE                                              0                       0                      0
2565 LAKESHORE DR   39275.00    $1,963.75    MOJI INC                                                1571                 1178.25                981.875
1763 LAKESHORE DR                 $0.00      MUSKEGON RECREATION CLUB                                   0                       0                      0
1824 LAKESHORE DR                 $0.00      NYE DONALD H ESTATE                                        0                       0                      0
1864 LAKESHORE DR   13600.00     $680.00     PPJ INVESTMENTS LLC                                      544                     408                    340
2463 LAKESHORE DR                 $0.00      PRIVACKY FRANK/SHENK LINDA J                               0                       0                      0
2125 LAKESHORE DR                 $0.00      RASEY JOHN R/TAMMY                                         0                       0                      0
1910 LAKESHORE DR                 $0.00      SAND DOCK PROPERTIES LLC                                   0                       0                      0
1623 LAKESHORE DR                 $0.00      SCHWING PAUL D                                             0                       0                      0
2223 LAKESHORE DR                 $0.00      SEIFERT KURT                                               0                       0                      0
1920 LAKESHORE DR   7.9 acres   $2,000.00    SHM GREAT LAKES LLC                                     1600                    1200                   1000
2080 LAKESHORE DR   16920.00     $423.00     SHORELINE SERVICE INC                                  676.8                   507.6                    423
1724 LAKESHORE DR                 $0.00      SIEDLECKI TERESA M                                         0                       0                      0
1896 LAKESHORE DR                 $0.00      SIMON ADAM L/JENNIFER A                                    0                       0                      0
2143 LAKESHORE DR                 $0.00      SLAGH DAVID A/ANDREA M                                     0                       0                      0
2063 LAKESHORE DR                 $0.00      STEINBACH & STEINBACH LLC                                  0                       0                      0
2009 LAKESHORE DR   5321.00      $266.05     STEINBACH JOHN E ET AL                                212.84                  159.63                133.025
1899 LAKESHORE DR                 $0.00      STRYCHAR KEVIN B                                           0                       0                      0
2167 LAKESHORE DR   3825.00      $191.25     SWARVAR DANIEL C                                         153                  114.75                 95.625
2173 LAKESHORE DR   4165.00      $208.25     SWARVAR DANIEL C                                       166.6                  124.95                104.125
2187 LAKESHORE DR   10795.00     $539.75     SWARVAR DANIEL C                                       431.8                  323.85                269.875
2124 LAKESHORE DR                 $0.00      TEICHMER SCOTT R                                           0                       0                      0
2447 LAKESHORE DR                 $0.00      THOMAS ROBERT                                              0                       0                      0
1945 LAKESHORE DR   5445.00      $272.25     THORSEN SHEILA P TRUST                                 217.8                  163.35                136.125
1748 LAKESHORE DR                 $0.00      THORSEN SHEILA TRUST                                       0                       0                      0
1953 LAKESHORE DR   8170.80      $408.54     TOP FLIGHT LLC                                       326.832                 245.124                 204.27
2136 LAKESHORE DR                 $0.00      VANLENTE MARSHA                                            0                       0                      0
1831 LAKESHORE DR   12556.00     $313.90     VERIZON INC (FRONTIER COMMUNICATIONS)                 251.12                  188.34                 156.95
1927 LAKESHORE DR   9529.00      $476.45     VF VENTURES LLC                                       381.16                  285.87                238.225
1845 LAKESHORE DR   19272.00     $963.60     VF VENTURES LLC                                       770.88                  578.16                  481.8
2111 LAKESHORE DR                 $0.00      WASHINGTON JONATHAN/WALLACE LAPOLIA                        0                       0                      0
1595 LAKESHORE DR   8976.00      $448.80     WASSERMAN PROPERTY COMPANY LLC                        359.04                  269.28                  224.4
1965 LAKESHORE DR   8167.00      $408.35     WILLIAM J GIBNER LLC                                  326.68                  245.01                204.175
2152 LAKESHORE DR                 $0.00      YOUNTS MARK A/KATHYRN L                                    0                16000.53                      0

                                $24,944.05                                           $21,334.04             $16,000.53              $13,333.78
Expenses 2024
Sidewalk Snow Removal              $   26,880.00
Marketing/ Events                  $    1,000.00
Holiday Decorations/ Streetscape   $    3,500.00
Landscaping                        $      500.00
Total                              $   31,880.00
*contingency not included
Assessment at 5 cents
2024                           Revenues    Expenses
Left over from previous year   $ 22,271.00 $ 31,880.00
CIA                            $ 10,538.00
Special Assessment             $ 24,944.00
Total Revenue                  $ 57,753.00 $ 25,873.00

2025
Left over from pervious year   $   25,873.00 $ 33,474.00 *Includes 5% increase
CIA                            $   13,663.00
Special Assessment             $   24,944.00
Total Revenue                  $   64,480.00 $ 31,006.00

2026
Left over from pervious year   $   31,006.00 $ 35,147.70 *Includes 5% increase
CIA                            $   16,850.00
Special Assessment             $   24,944.00
Total Revenue                  $   72,800.00 $ 37,652.30

2027 (No BID)
Left over from pervious year   $ 37,652.30 $ 36,905.09 *Includes 5% increase
CIA                            $ 20,102.00
Total Revenue                  $ 57,754.30 $ 20,849.22
Assessment at 4 cents
2024                         Revenues     Expenses
Left over from previous year $ 22,271.00 $ 31,880.00
CIA                           $ 10,538.00
Special Assessment            $ 21,334.04
Total Revenue                 $ 54,143.04 $ 22,263.04

2025
Left over from pervious year   $   22,901.50 $ 33,474.00 *Includes 5% increase
CIA                            $   13,663.00
Special Assessment             $   21,334.04
Total Revenue                  $   57,898.54 $ 24,424.54

2026
Left over from pervious year   $   25,063.00 $ 35,147.70 *Includes 5% increase
CIA                            $   16,850.00
Special Assessment             $   21,334.04
Total Revenue                  $   63,247.04 $ 28,099.34

2027 (No BID)
Left over from pervious year   $ 28,099.34 $ 36,905.09 *Includes 5% increase
CIA                            $ 20,102.00
Total Revenue                  $ 48,201.34 $ 11,296.26
Assessment at 3 cents
2024                         Revenues     Expenses
Left over from previous year $ 22,271.00 $ 31,880.00
CIA                           $ 10,538.00
Special Assessment            $ 16,000.53
Total Revenue                 $ 48,809.53 $ 16,929.53

2025
Left over from pervious year   $   17,408.38 $ 33,474.00 *Includes 5% increase
CIA                            $   13,663.00
Special Assessment             $   16,000.53
Total Revenue                  $   47,071.91 $ 13,597.91

2026
Left over from pervious year   $   14,076.76 $ 35,147.70 *Includes 5% increase
CIA                            $   16,850.00
Special Assessment             $   16,000.53
Total Revenue                  $   46,927.29 $ 11,779.59

2027 (No BID)
Left over from pervious year   $ 11,779.59 $ 36,905.09 *Includes 5% increase
CIA                            $ 20,102.00
Total Revenue                  $ 31,881.59 $ (5,023.50)
Assessment at 2.5 cents
2024                         Revenues     Expenses
Left over from previous year $ 22,271.00 $ 31,880.00
CIA                           $ 10,538.00
Special Assessment            $ 13,333.78
Total Revenue                 $ 46,142.78 $ 14,262.78

2025
Left over from pervious year   $   14,661.81 $ 33,474.00 *Includes 5% increase
CIA                            $   13,663.00
Special Assessment             $   13,333.78
Total Revenue                  $   41,658.59 $ 8,184.59

2026
Left over from pervious year   $ 8,583.62 $ 35,147.70 *Includes 5% increase
CIA                            $ 16,850.00
Special Assessment             $ 13,333.78
Total Revenue                  $ 38,767.40 $ 3,619.70

2027 (No BID)
Left over from pervious year   $ 3,619.70 $ 36,905.09 *Includes 5% increase
CIA                            $ 20,102.00
Total Revenue                  $ 23,721.70 $ (13,183.39)
To: Lakeside BID-CIA board members
From: Contessa Alexander and Dave Alexander, BID-CIA staff
Date: April 14, 2023
Re: Staff recommendation for Application of the MML Bridge Builders Grant
Application
Bridge Builders Main Street Microgrants offer small, one-time grants of up to
$5,000 for collaborative, creative projects in Michigan Municipal League member
communities. Microgrants fund projects that bring together local artists and
businesses in Michigan downtowns. Projects should build bridges across your
community by bringing people together. This year, 4 microgrants of up to $5,000
each will be awarded across Michigan.
Finalists will complete an online voting campaign. This campaign will narrow
down the winner.
Suggested motion: I move to direct Development Services Division staff to
complete and send in the Bridge Builders Main Street Microgrant application.

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