Business Improvement District

Business Improvement District Board Minutes Noon, January 16, 2024 152 E. 6th Street 2nd Floor Meeting Room, Fremont Ne 68025 Board Present: Tom Coday, Vince O'Conner, Roxie Kracl, Sam Heineman, Brenden Murray, J J Bixby, Howard Krasne, Lindi Janulewicz and Daniel Cech Absent: Kevin Main and Berta Quintero Guests: Tyler Ficken (City of Fremont)and Lainey Paquette (Mainstreet) 1. Meeting was called to order by Chair Tom Coday at 12:03 pm. Roll call was taken. Those present are identified abve, a quorum was determined present. The Chair announced that a copy of the Open Meeting Act was available in the room for inspection. 2. Chair Coday introduced new Board Member Lindi Janulewicz. 3. Election of Officers: Motion was made by Vincent O'Connor and seconded by Howard Krasne to Re- elect Tom Coday as Chair, JJ Bixby as Vice Chair, and to elect Roxie Kracl as Secretary. Motion carried 9/0 vote. 4. Minutes of the November 21, 2023 meeting were passed out. Motion to accept minutes was moved by Vincent O'Connor and seconded by Howard Krasne. Motion carried 9/0 vote. 5. Discussion on 2024 BID Budget -Sam Heineman passed out the BID budget that was presented to the City Council. Discussed possible committee consolidation down to three Marketing, Design, and Future. Board members were asked to come back to the February meeting with an Agenda Plan. Mainstreet of Fremont contract was discussed. Consideration of a service contract to list expectation and responsibilities may be considered for future reference. No action taken. 6. Discussion on the renewal of the 2024 BID. The Board would like Justin & Jennifer from the City to come to the next meeting to give us an update on the progress and timeline for the archway and parking lot projects. No action taken. 7. Committee Reports were consolidated into the above discussion – Will consider at next meeting moving to 3 committees instead of 7. Those Committees would be Marketing, Design, and Future. No action taken. 8. MainStreet report was given by Lainey Paquette on upcoming events, and grants that Mainstreet is working on. No action taken. 9. Motion was made by Vince O'Connor and seconded by Daniel Cech to adjourned meeting at 1:04 pm. Motion carried 9/0 vote. Respectfully submitted, Roxie Kracl, Secretary Business Improvement District #1 Statement of Revenues, Expenditures and Changes in Fund Balances 2020 - YTD 2024 (Effective 12/31/2023) Revenues YTD 2024 YTD 2023 2022 2021 2020 Assessments $ - $ 43,536.94 $ 50,709.71 $ 43,764.74 $ 41,734.65 Interest income $ - $ 1,214.23 $ 59.04 $ 42.92 $ 87.47 Donations $ - $ - $ 30,000.00 License fees $ - $ 600.00 $ 100.00 Total revenues $ - $ 45,351.17 $ 80,868.75 $ 43,807.66 $ 41,822.12 Expenditures Retention/recruitment Downtown beautification $ 5,436.00 $ 12,199.45 $ 60,037.68 $ 9,238.52 $ 17,755.78 Implementation/maintenance $ - $ 2,933.75 $ 15,156.61 $ - Promotion/marketing $ 3,587.15 $ 30,010.25 $ 12,494.49 $ 4,600.95 $ 10,331.00 Other as authorized by NRS 19-4015 $ 8.80 $ 151.65 $ 480.88 $ 203.32 $ 417.08 Total expenditures $ 9,031.95 $ 45,295.10 $ 88,169.66 $ 14,042.79 $ 28,503.86 Excess (deficiency) of revenues over expenditures $ (9,031.95) $ 56.07 $ (7,300.91) $ 29,764.87 $ 13,318.26 Other financing sources (uses) Transfer in (a) $ - $ - $ - $ - $ - Transfer out $ - $ - $ - $ - $ - Net other sources and uses $ - $ - $ - Net change in fund balances $ (9,031.95) $ 56.07 $ (7,300.91) $ 29,764.87 $ 13,318.26 Fund balance prior year $ 93,305.79 $ 93,249.72 $ 100,550.63 $ 70,785.76 $ 57,467.50 Fund balance current year $ 84,273.84 $ 93,305.79 $ 93,249.72 $ 100,550.63 $ 70,785.76 $ - $ - $ -