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Business Improvement District

Regular Meeting

Fremont, NE · August 20, 2024

AgendaMinutes

Minutes

Business Improvement District Board Minutes Noon, August 20, 2024 152 E. 6th Street 2nd Floor Meeting Room, Fremont NE 68025 Board Present: J J Bixby, Howard Krasne, Lindi Janulewicz, Absent: Tom Coday Roxie Kracl, Kevin Main, Berta Quintero, Vince O'Conner,, Sam Heineman, Brenden Murray, Daniel Cech Guests: Jody Sanders, Brian Seil As there was not a quorum no action was taken. There was an update on the Arch project from Jody Sanders. Brian Seil also suggested a map of Downtown Fremont that could be given to out of town shoppers that will be coming to their numerous upcoming event. Howard Krasne talked about the additional Christmas decorations that will be displayed this year. Respectfully submitted, JJ Bixby, Vice Chair

Agenda

Downtown Business Improvement District Board Tuesday August 20, 2024 12:00 P.M. 152 East 6th Street, 2nd floor Meeting Room Fremont Nebraska 1. Meeting called to order, announcement of Open Public Meeting Law and Roll Call 2. Approval of the Minutes of the July 16, 2024 Meeting. 3. Discussion and possible action sponsorship for October Fest 4. Discussion and possible action on the Arches on 6th and on Main Street 5. Discussion and possible action on Christmas decorations 6. Committee reports: 1. Financial Report 2. Marketing Committee report 3. Future Projects Committee Report 4. Design Committee Report 5. Comments from the public 6. MainStreet Report – Lainey Paquette Our Next meeting will be September 17, 2024 at 152 East 6th Street. Agenda posted at the Municipal building on August 12, 2024. The Board reserves the right to go into Executive Session when necessary. A copy of the Open Meeting Law is available for review by the public. The Board reserves the right to adjust the order of the items on this agenda. Business Improvement District #1 Statement of Revenues, Expenditures and Changes in Fund Balances 2020 - YTD 2024 (Effective 7/31/2024) Revenues YTD 2024 YTD 2023 2022 2021 2020 Assessments $ 45,906.61 $ 43,536.94 $ 50,709.71 $ 43,764.74 $ 41,734.65 Interest income $ 2,563.16 $ 1,360.42 $ 59.04 $ 42.92 $ 87.47 Donations $ 122,500.00 $ - $ 30,000.00 License fees $ 700.00 $ 600.00 $ 100.00 Total revenues $ 171,669.77 $ 45,497.36 $ 80,868.75 $ 43,807.66 $ 41,822.12 Expenditures Retention/recruitment Downtown beautification $ 14,231.68 $ 12,199.45 $ 60,037.68 $ 9,238.52 $ 17,755.78 Implementation/maintenance $ 3,750.00 $ 2,933.75 $ 15,156.61 $ - Promotion/marketing $ 23,341.42 $ 30,010.25 $ 12,494.49 $ 4,600.95 $ 10,331.00 Other as authorized by NRS 19-4015 $ 119.81 $ 151.65 $ 480.88 $ 203.32 $ 417.08 Total expenditures $ 41,442.91 $ 45,295.10 $ 88,169.66 $ 14,042.79 $ 28,503.86 Excess (deficiency) of revenues over expenditures $ 130,226.86 $ 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 $ 130,226.86 $ 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 $ 223,678.84 $ 93,451.98 $ 93,249.72 $ 100,550.63 $ 70,785.76 $ - $ - $ -

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