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Downtown Development Authority

Regular Meeting

Battle Creek, MI · May 28, 2020

AgendaMinutes

Minutes

BATTLE CREEK DOWNTOWN DEVELOPMENT AUTHORITY BOARD OF DIRECTORS Thursday, May 28, 2020, 1:30 PM Meeting VIA ZOOM MEMBERS PRESENT: Kim Carter, Paul Conkey, Rebecca Fleury, John Godfrey, Edward Guzzo, Nelson Karre, Cody Newman, Kyra Wallace Ex-Officio: Commissioner Kate Flores and Commissioner Susan Baldwin Advisory: Kelli Scott ABSENT: Ross Simpson OTHERS PRESENT: Ted Dearing, Linda Morrison, John Hart, Jessica VanderKolk, Sarah VanWormer Call to order: Mr.Conkey called meeting to order at 1:30pm. Welcome and Introductions: All participants were recognized by Chairman Conkey. Approval of Minutes: MOTION: Mr. Godfrey moved that the Battle Creek Downtown Development Authority Board of Directors approve the meeting minutes from January 27, 2020. Mr. Newman supported the motion. Unanimously approved. Interim Financial statements: Ms. Morrison reviewed the interim financial statements for the period 7/1/19 through 4/30/20. Revenue is over expenditures in the amount of $3,294,798. The debt service payment will be paid in May 2020 and will bring the net closer to budget. MOTION: Mr. Karre moved that the Battle Creek Downtown Development Authority Board of Directors approve the interim financial statements as presented. Mr. Godfrey supported the motion. Unanimously approved. Budget Amendment FY2020: Ms. Morrison discussed the proposed changes to the fiscal year ending 6/30/2020 budget; increased property tax revenue with the completion of the year end reconciliation process, a request to 100% fund the central business district (CBD) maintenance costs (original budget was less than 100% of budgeted costs), $30K in support for the intermodal facility on McCamly due to the delay in implementation of long term parking and the revenues associated with it, and the reduction of $150k expenditures for the delay into the next fiscal year of the downtown special project that included Battle Rock. Proposed revenues over expenditures is $566,820 with a proposed ending fund balance of $885,813. MOTION: Mr. Godfrey moved that the Battle Creek Downtown Development Authority Board of Directors approve the budget amendment for FY 2020 as presented. Mr. Newman supported the motion. Unanimously approved. . Budget Approval FY 2021: Ms. Morrison reviewed the proposed budget for fiscal year ending 6/30/2021. Proposed revenue budget is $4,843,475. Expenditure budget includes $180K debt servicefor the Quiet Zone project, 100% funding for central business district costs, continuation of one downtown police officer, Kellogg Arena and Economic Development Fund support in the same amount as the prior year, and $180K special project costs to include Battle Rock ($150K) and parking lot improvement behind Rice’s Shoes/New Holland ($30K). Net revenues over expenditures proposed budget shows $515,580 and a proposed ending fund balance at 6/30/21 of $1,401,393. There was discussion surrounding the State Aid Revenue and the comfort level of the amount. The State cannot reduce this line item legislatively, and the dynamic formula will not come into play until FY22. Staff 1 are comfortable with the proposed budget number and should know by the end of the calendar year what the actual revenue will be. MOTION: Mr. Guzzo moved that the Battle Creek Downtown Development Authority Board of Directors approve/adopt the FY 2020 budget as presented. Mr. Karre supported the motion. Unanimously approved. Ms. Fleury expressed gratitude for the board’s support of city programs, particularly the CBD maintenance and downtown police officer, during this difficult budgetary time for the city’s general fund. Project Update: Rent-Mortgage Assistance Program (RMAP): The Economic Development Team is rolling out an assistance program in targeted areas around the city, some of which are within the DDA boundary. Up to $2k per month for three months is available to qualified applicants. Battle Rock: Developers have not given up on the project and continue looking for funding including MEDC. Dumpster corral concept: The site plan was discussed including public parking, bike rack placement, and dumpster corral. As New Holland ramps up construction there is a need to modify the space to accommodate parking for merchants as well as the outdoor beer garden. Other: Mr. Dearing brought up the old Binder Building and the possibility there may be a future request to the DDA for funding related to this site. Member/Citizen Comments: None Adjourn: 2:09 pm 2

Agenda

DDA Board of Directors Thursday, May 28, 2020 at 1:30 p.m. LOCATION Zoom Virtual Meeting AGENDA 1. Call to order Chair 2. Welcome and Introductions (as needed) Chair 3. Approval of minutes from January 27, 2020 (action required) Chair 4. Financials (actions required) Staff a. Interim financial statements through April b. Budget Amendment FY 2020 c. Budget Approval FY 2021 5. Project Update Staff a. Battle Rock 6. Member/Citizen comment 7. Adjourn Chair Attachments - Agenda - Minutes from January 27, 2020 - Interim financials through April, 2020 - Budget amendment for FY 2020 - Budget proposal for FY 2021 - Dumpster corral concept City of Battle Creek Downtown Development Authority Interim Statement of Revenues, Expenditures and Changes in Fund Balance Budget and Actual Fiscal Year To Date: 4/30/20 7/1/19-04/31/20 Budget Variance Adopted Budget Amended Budget Transactions Positive/(Negative) GENERAL FUND GENERAL REVENUES: Tax Increment Revenue $ 2,986,727 $ 2,986,727 $ 3,362,578 375,851 State Aid Revenue (Personal Property Tax Replacement) 1,462,663 1,462,663 1,529,100 66,437 Prior Year Tax Increment Revenue 0 0 1,398 1,398 Rents 32,326 32,326 27,382 -4,944 Interest earnings 0 0 29,114 29,114 Miscellaneous 0 0 0 0 Total General Revenues 4,481,716 4,481,716 4,949,572 467,856 EXPENDITURES: Debt Service - Term 2017/2018 Bonds - Pipeline Refunding 2034/2025 2,644,797 2,644,797 605,398 2,039,399 2013 Capital Improvement Bonds 2033 180,000 180,000 33,611 146,389 Total Debt Service 2,824,797 2,824,797 639,009 2,185,788 General Operating Expenditures: Administration 16,200 16,200 12,521 3,679 CBD maintenance 456,551 456,551 380,459 76,092 CBD downtown plantings 50,000 50,000 41,667 8,333 Street construction - 20,000 20,000 0 Downtown Policing 109,342 109,342 91,118 18,224 Kellogg Arena support 370,000 370,000 370,000 0 Economic Development Fund support 120,000 120,000 100,000 20,000 Downtown Special Project - 150,000 - 150,000 Total General Operating Expenditures 1,122,093 1,292,093 1,015,765 276,328 TOTAL GENERAL FUND REVENUES 4,481,716 4,481,716 4,949,572 467,856 TOTAL GENERAL FUND EXPENDITURES 3,946,890 4,116,890 1,654,774 2,462,116 EXCESS REVENUES OVER (UNDER) OPER. EXPENDITURES $ 534,826 $ 364,826 $ 3,294,798 2,929,972 Fund Balance, beginning of year 417,366 318,993 318,993 Fund Balance, ending (GENERAL FUND) $ 952,192 $ 683,819 $ 3,613,791 BATTLE CREEK DOWNTOWN DEVELOPMENT AUTHORITY Fiscal Year 2019-2020 Proposed Amended Budget FY 19-20 FY 19-20 FY 19-20 Proposed Adopted Budget Amended Budget Amended Budget GENERAL FUND GENERAL REVENUES: Tax Increment Revenue $ 2,986,727 $ 2,986,727 $ 3,177,295 State Aid Revenue (Personal Property Tax Replacement) 1,462,663 1,462,663 1,529,100 Prior Year Revenue - - - Rents 32,326 30,000 30,000 Interest earnings - - 15,500 Miscellaneous - - - Total General Revenues 4,481,716 4,479,390 4,751,895 EXPENDITURES: Debt Service - Term 2008/2013 Bonds - Pipeline Refunding 2025/2034 2,644,797 2,644,797 2,644,797 2013 Capital Improvement Bonds 2033 180,000 180,000 180,000 Total Debt Service 2,824,797 2,824,797 2,824,797 General Operating Expenditures: Administration 16,200 16,200 13,594 CBD maintenance 456,551 456,551 647,342 CBD downtown plantings 50,000 50,000 50,000 Contribution to Columbia BID street construction 20,000 20,000 Downtown Policing 109,342 109,342 109,342 Intermodal Facility support 30,000 Kellogg Arena support 370,000 370,000 370,000 Economic Development Fund support 120,000 120,000 120,000 Downtown Special Project - 150,000 - Total General Operating Expenditures 1,122,093 1,292,093 1,360,278 TOTAL GENERAL FUND REVENUES 4,481,716 4,479,390 4,751,895 TOTAL GENERAL FUND EXPENDITURES 3,946,890 4,116,890 4,185,075 EXCESS REVENUES OVER (UNDER) OPER. EXPENDITURES $ 534,826 $ 362,500 $ 566,820 Fund Balance, beginning of year 417,366 318,993 318,993 Fund Balance, end of year (GENERAL FUND) $ 952,192 $ 681,493 $ 885,813 BATTLE CREEK DOWNTOWN DEVELOPMENT AUTHORITY Fiscal Year 2020-2021 Proposed Budget FY 20-21 FY 19-20 FY 19-20 Proposed Adopted Budget Estimated Budget GENERAL FUND GENERAL REVENUES: Tax Increment Revenue $ 2,986,727 $ 3,177,295 $ 3,205,928 State Aid Revenue (Personal Property Tax Replacement) 1,462,663 1,529,100 1,612,721 Prior Year Revenue - - - Rents 32,326 30,000 24,826 Interest earnings - 15,500 - Miscellaneous - - - Total General Revenues 4,481,716 4,751,895 4,843,475 EXPENDITURES: Debt Service - Term 2008/2013 Bonds - Pipeline Refunding 2025/2034 2,644,797 2,644,797 2,653,047 2013 Capital Improvement Bonds 2033 180,000 180,000 180,000 Total Debt Service 2,824,797 2,824,797 2,833,047 General Operating Expenditures: Administration 16,200 13,594 14,950 CBD maintenance 456,551 647,342 642,629 CBD downtown plantings 50,000 50,000 50,000 Contribution to Columbia BID street construction 20,000 - Downtown Policing 109,342 109,342 117,269 Intermodal Facility support 30,000 - Kellogg Arena support 370,000 370,000 370,000 Economic Development Fund support 120,000 120,000 120,000 Downtown Special Projects - - 180,000 Total General Operating Expenditures 1,122,093 1,360,278 1,494,848 TOTAL GENERAL FUND REVENUES 4,481,716 4,751,895 4,843,475 TOTAL GENERAL FUND EXPENDITURES 3,946,890 4,185,075 4,327,895 EXCESS REVENUES OVER (UNDER) OPER. EXPENDITURES $ 534,826 $ 566,820 $ 515,580 Fund Balance, beginning of year 417,366 318,993 885,813 Fund Balance, end of year (GENERAL FUND) $ 952,192 $ 885,813 $ 1,401,393 DOWNTOWN PARKING LOT W. STATE ST / McCAMLY ST CITY OF BATTLE CREEK CONCEPT PLAN A - REV 3/14/19 NOTE: DIMENSIONS ARE APPROXIMATE. EXISTING INFORMATION NOT SURVEYED. Design Group Landscape Architecture ‐ Planning ‐ Design Services www.virdg.com Temporary Dumpster Enclosure 4/20/2020, 9:24:25 AM 1:500 0 20 40 80 ft 0 5 10 20 m Esri, HERE, Garmin, (c) OpenStreetMap contributors, and the GIS user community Web AppBuilder for ArcGIS Esri | Esri, HERE, NPS |

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