Lakeview Downtown Development Authority

PUBLIC NOTICE LAKEVIEW DOWNTOWN DEVELOPMENT AUTHORITY MEETING The Lakeview Downtown Development Authority will hold an Electronic Regular Meeting through Zoom, which is Enterprise Video Conferencing, beginning at 4:30 P.M. on Tuesday, October 27, 2020. The meeting will take place electronically because of the partial closure of City Hall and/or social distancing requirements due to the COVID- 19 Pandemic and emergency orders from the Michigan Department of Health and Human Services (MDHSS). At least one City staff member, classified as a critical infrastructure worker, will be physically present in City Hall to facilitate the electronic meeting, while Lakeview Downtown Development Authority board members, other staff, and members of the public will participate remotely by Zoom. The building will remain open by appointment only during the time of the meeting. Members of the public may participate in the Lakeview Downtown Development Authority meeting by calling in to the Zoom meeting at the following telephone number: 312-626-6799. The caller will be prompted to enter the meeting ID number: 943 6198 5368. The caller will be placed into a virtual “waiting room” until it is their time to speak during public comment. Members of the public may watch the entirety of the Lakeview Downtown Development Authority meeting live on Facebook Live. To watch: Watch on the City’s Facebook page: https://www.facebook.com/CerealCityMichigan Members of the public may also email a public comment, which is compliant with the rules of public comment to be read at the meeting to City Clerk Victoria Houser vlhouser@battlecreekmi.gov; or by writing the question or comment on paper, placing it in an envelope addressed to the Battle Creek City Commission by 12:00 pm (noon) on October 23, 2020 into the blue freestanding Drop Box located in the drive-up lane to the Northeast of City’s Hall’s main entrance. The question or comment, if compliant with the City Commission meeting rules set out in Battle Creek Ordinance, 212.02(XVII), will be read aloud at the meeting during public comment. The City of Battle Creek will provide necessary reasonable auxiliary aids and services, such as closed captioning for the hearing impaired and audiotapes of printed materials being considered in the meeting upon notice to the City of Battle Creek. Individuals with disabilities requiring auxiliary aids or services should contact the City of Battle Creek by writing or calling the following: Battle Creek City Clerk Battle Creek, MI 49016 (269) 966-3378 (Voice) (269) 966-3348 (TDD) Questions concerning this matter may be directed to the City Manager’s office, at 966-3378.  LAKEVIEW DOWNTOWN DEVELOPMENT AUTHORITY AGENDA Regularly Scheduled Meeting October 27, 2020 4:30 pm Virtual Meeting 1. Welcome and introductions 2. Board resignation 3. Administrative services (action required) a. Motion to request administrative services from the City of Battle Creek in the absence of a Director 4. Approval of minutes June 2, 2020 (action required) 5. FY 2021 interim financial statements through September (action required) 6. Board member comments 7. Public comment 8. Adjourn NEXT MEETING SCHEDULED FOR April 27, 2021  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.  Budget Performance Report Fiscal Year to Date 09/30/20 Include Rollup Account and Rollup to Object Act Adopted Budget Amended Current Month YTD YTD Budget - YTD % Used/ Account Account Description Budget Amendments Budget Transactions Encumbrances Transactions Transactions Rec'd Prior Year YTD Fund 251 - LDDA General Fund REVENUE Department 62 - LDDA Business Unit 2311 - LDDA General Fund 402 Current Real Property Taxes 402.100 Current Real Property Taxes Tax Incremental Revenue 2,031,289.00 .00 2,031,289.00 .00 .00 1,857,526.36 173,762.64 91 1,826,143.17 402 - Current Real Property Taxes Totals $2,031,289.00 $0.00 $2,031,289.00 $0.00 $0.00 $1,857,526.36 $173,762.64 91% $1,826,143.17 664 Investment Income 664.010 Investment Income Appreciation - invest value .00 .00 .00 .00 .00 .00 .00 +++ 21.71 664.020 Investment Income Interest-Investments 8,000.00 .00 8,000.00 42.57 .00 42.57 7,957.43 1 1,770.29 664 - Investment Income Totals $8,000.00 $0.00 $8,000.00 $42.57 $0.00 $42.57 $7,957.43 1% $1,792.00 667 Rents 667.020 Rents Rents & Other .00 .00 .00 .00 .00 25,000.00 (25,000.00) +++ .00 667 - Rents Totals $0.00 $0.00 $0.00 $0.00 $0.00 $25,000.00 ($25,000.00) +++ $0.00 Business Unit 2311 - LDDA General Fund Totals $2,039,289.00 $0.00 $2,039,289.00 $42.57 $0.00 $1,882,568.93 $156,720.07 92% $1,827,935.17 Department 62 - LDDA Totals $2,039,289.00 $0.00 $2,039,289.00 $42.57 $0.00 $1,882,568.93 $156,720.07 92% $1,827,935.17 REVENUE TOTALS $2,039,289.00 $0.00 $2,039,289.00 $42.57 $0.00 $1,882,568.93 $156,720.07 92% $1,827,935.17 EXPENSE Department 62 - LDDA Business Unit 2311 - LDDA General Fund 801 Prof & Oth Svcs 801.010 Prof & Oth Svcs Professional Services 5,500.00 .00 5,500.00 .00 .00 2,500.00 3,000.00 45 2,500.00 801 - Prof & Oth Svcs Totals $5,500.00 $0.00 $5,500.00 $0.00 $0.00 $2,500.00 $3,000.00 45% $2,500.00 959 Contribution-Other Govt Entities 959.030 Contribution-Other Govt Entities Surplus Tax 751,567.00 .00 751,567.00 .00 .00 .00 751,567.00 0 .00 Distribution 959 - Contribution-Other Govt Entities Totals $751,567.00 $0.00 $751,567.00 $0.00 $0.00 $0.00 $751,567.00 0% $0.00 960 Transfer to Primary Government 960.101 Transfer to Primary Government Transfer to General 1,282,222.00 .00 1,282,222.00 106,851.83 .00 320,555.49 961,666.51 25 318,013.75 Fund 960 - Transfer to Primary Government Totals $1,282,222.00 $0.00 $1,282,222.00 $106,851.83 $0.00 $320,555.49 $961,666.51 25% $318,013.75 Business Unit 2311 - LDDA General Fund Totals $2,039,289.00 $0.00 $2,039,289.00 $106,851.83 $0.00 $323,055.49 $1,716,233.51 16% $320,513.75 Department 62 - LDDA Totals $2,039,289.00 $0.00 $2,039,289.00 $106,851.83 $0.00 $323,055.49 $1,716,233.51 16% $320,513.75 EXPENSE TOTALS $2,039,289.00 $0.00 $2,039,289.00 $106,851.83 $0.00 $323,055.49 $1,716,233.51 16% $320,513.75 Fund 251 - LDDA General Fund Totals REVENUE TOTALS 2,039,289.00 .00 2,039,289.00 42.57 .00 1,882,568.93 156,720.07 92% 1,827,935.17 EXPENSE TOTALS 2,039,289.00 .00 2,039,289.00 106,851.83 .00 323,055.49 1,716,233.51 16% 320,513.75 Fund 251 - LDDA General Fund Totals $0.00 $0.00 $0.00 ($106,809.26) $0.00 $1,559,513.44 ($1,559,513.44) $1,507,421.42 Grand Totals REVENUE TOTALS 2,039,289.00 .00 2,039,289.00 42.57 .00 1,882,568.93 156,720.07 92% 1,827,935.17 Run by Linda A Morrison on 10/07/2020 02:52:35 PM Page 1 of 2  Budget Performance Report Fiscal Year to Date 09/30/20 Include Rollup Account and Rollup to Object Act EXPENSE TOTALS 2,039,289.00 .00 2,039,289.00 106,851.83 .00 323,055.49 1,716,233.51 16% 320,513.75 Grand Totals $0.00 $0.00 $0.00 ($106,809.26) $0.00 $1,559,513.44 ($1,559,513.44) $1,507,421.42 Run by Linda A Morrison on 10/07/2020 02:52:35 PM Page 2 of 2