Lakeview Downtown Development Authority

Lakeview Downtown Development Authority Minutes of the Special Meeting of June 2, 2020 4:30pm. MEMBERS PRESENT: Jamie Brown, TR Shaw, Anmar Achu, Rebecca Fleury OTHERS: Attorney Nelson Karre, Assistant City Manager Ted Dearing, Finance Services Manager Tracy Hovarter The meeting was called to order at 4:30Pm. In the absence of the chair, on a motion by Achu, supported by Brown, the board nominated board member TR Shaw to chair the meeting. MOTION CARRIED RES. NO. 2020-02 On a motion by Brown, supported by Achu, the Board approved of the minutes of the regular meeting of October 22, 2019 as submitted. MOTION CARRIED RES. NO. 2020-03 On a motion by Brown, supported by Achu, the Board approved of the FY 2019 annual report as submitted. MOTION CARRIED RES. NO. 2020-04 The Board briefly discussed the proposed budget for FY 21 noting revenues of $2,039,289 and expenses of the same. Unexpended funds to be redistributed to the City, KCC and Calhoun County. On a motion by Achu, supported by Shaw, the Board approved the proposed Fiscal Year 2021 budget. MOTION CARRIED RES. NO. 2020-05 The Board briefly discussed the annual audit for fiscal year 2019. On a motion by Brown, supported by Achu, the Board approved of the FY 2019 annual audit as submitted. MOTION CARRIED RES. NO. 2020-06 The Board briefly discussed the status of expiring terms on the board. Dearing shared information on the City’s Economic Development Corporation sponsored Rent and Mortgage Assistance Program (RMAP) and a tower lease payment that will be used to support the LDDA district. Dearing provided a status report on the development of the Mall. Representative Jim Haadsma offered a brief statement thanking the organizers of the meeting for streaming live on Facebook. On a motion by Brown, supported by Achu, the Board adjourned the meeting at 4:52pm.