Business Improvement District

Business Improvement District Board Minutes Noon, April 16, 2024 152 E. 6th Street 2nd Floor Meeting Room, Fremont Ne 68025 Board Present: Vince O'Conner, Roxie Kracl, Sam Heineman, Brenden Murray, Berta Quintero and Daniel Cech Absent: Tom Coday, Kevin Main, J J Bixby, Howard Krasne, Lindi Janulewicz Guests: Tyler Ficken (City of Fremont)and Lainey Paquette (Mainstreet), Jody Sanders, and Mayor Spellerberg 1. Meeting was called to order by Roxie Kracl at 12:12 pm. Roll call was taken. Those present are identified above, a quorum was determined present. Identified that a copy of the Open Meeting Act was available in the room for inspection. 2. Minutes of the March 19, 2024 meeting were passed out. Motion to accept minutes was moved by Vincent O'Connor and seconded by Sam Heineman Motion carried 6/0 vote. 3. Discussion on lights hanging from buildings -Sam Heineman said he has had conversations with some businesses downtown that wanted to know if there is going to be someone to take down the lights from the buildings and would like to see them all removed. Discussed and it is up to the business if they wish to keep lights up or take down, and since this was not a BID project we would not have involvement in it. No action taken. 4. Discussion on creating three committees that BID will focus all projects under and designate chairs motion was moved by Vince O'Conner and seconded by Sam Heineman. Motion carried 6/0 Marketing - Lindi Janulewicz (chair) Future Projects - Sam Heineman (chair) Design/Christmas Decorations – Howard Krasne (chair) 5. Committee Reports – Discussion about parking issues, possible action more parking patrol marking cars randomly on the 2 hour parking, and city looking into a possible parking study. No action taken Comments from the public- Discussion about painting or replacing benches and trash cans. Future Projects committee will look into cost of replacement and also possible at least painting until funds can be raised to replace. Discussion on the grant that was awarded to the City for John C Park for new amphitheater and permanent restrooms. 6. MainStreet report was given by Lainey Paquette – Gallery Walk approximately 200-300 people in attendance last Saturday. May 16th is downtown clean up from 8:30 am to 10:30 am 7. Motion was made by Sam Heineman and seconded by Vince O'Connor to adjourned meeting at 12:52 pm. Motion carried 6/0 vote. Respectfully submitted, Roxie Kracl, Secretary Business Improvement District #1 Statement of Revenues, Expenditures and Changes in Fund Balances 2020 - YTD 2024 (Effective 3/31/2024) Revenues YTD 2024 YTD 2023 2022 2021 2020 Assessments $ 27,330.69 $ 43,536.94 $ 50,709.71 $ 43,764.74 $ 41,734.65 Interest income $ 173.13 $ 1,360.42 $ 59.04 $ 42.92 $ 87.47 Donations $ 122,500.00 $ - $ 30,000.00 License fees $ - $ 600.00 $ 100.00 Total revenues $ 150,003.82 $ 45,497.36 $ 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 $ 5,094.25 $ 30,010.25 $ 12,494.49 $ 4,600.95 $ 10,331.00 Other as authorized by NRS 19-4015 $ 81.66 $ 151.65 $ 480.88 $ 203.32 $ 417.08 Total expenditures $ 10,611.91 $ 45,295.10 $ 88,169.66 $ 14,042.79 $ 28,503.86 Excess (deficiency) of revenues over expenditures $ 139,391.91 $ 202.26 $ (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 $ 139,391.91 $ 202.26 $ (7,300.91) $ 29,764.87 $ 13,318.26 Fund balance prior year $ 93,451.98 $ 93,249.72 $ 100,550.63 $ 70,785.76 $ 57,467.50 Fund balance current year $ 232,843.89 $ 93,451.98 $ 93,249.72 $ 100,550.63 $ 70,785.76 $ - $ - $ -