Uptown Corridor Improvement Authority - Regular Meeting

Uptown Corridor Improvement Authority 1106 Wealthy Street SE Minutes Packet Grand Rapids, MI 49503 April 13, 2022 @ 8:00 AM Louise Earl Butcher PRESENT: Mark Stoddard, Peter Vanderwier, Joana Hively, Matthew Smith, Commissioner Nathaniel Moody ABSENT: Tamara Sytsma, Stephanie Johnson OTHERS: Verah Narh-Kamara, Ingrid Miller I. Call to Order The meeting was called to order at 8:05 AM by Chair Mark (Stanley) Stoddard II. Public Comment on Agenda Items None. III. Minutes Approval Approval of Minutes from March 2, 2022 No corrections or comments were noted. Motion to approve minutes from March 2, 2022. RESULT: ACCEPTED [UNANIMOUS] MOVER: Peter Vanderwier, Vice-Chair SECONDER: Matthew E. Smith, Member YEAS: Stoddard, Vanderwier, Hively, Smith, Moody ABSENT: Tamara Sytsma, Stephanie Johnson IV. Financial Statements 1. Interim Financial Statements as of March 31, 2022 No corrections or comments were noted. Motion to approve statement C, schedule of expenses from July 1, 2021 to March 31, 2022 Generated 4/22/2022 09:57 AM Uptown Corridor Improvement Authority Meeting Full Page 2 April 13, 2022 RESULT: APPROVED [UNANIMOUS] MOVER: Peter Vanderwier, Vice-Chair SECONDER: Joana Hively, Secretary YEAS: Stoddard, Vanderwier, Hively, Smith, Moody ABSENT: Tamara Sytsma, Stephanie Johnson V. Action Items 1. Uptown Corridor Improvement Authority Fiscal Year 2023 Budget Recommendation. Verah Narh-Kamara presented the budget to the board and noted that the numbers presented are preliminary and based on projections by the economic development department. Final numbers will be presented to the board subsequently. Joana Hively inquired about revenue increase for the fiscal year 2023. Ms. Miller answered by providing the difference between the fiscal year 2022 and the projection for 2023. Motion to recommend the presented the fiscal year 2023 budget to City Commission RESULT: APPROVED [UNANIMOUS] MOVER: Peter Vanderwier, Vice-Chair SECONDER: Joana Hively, Secretary YEAS: Stoddard, Vanderwier, Hively, Smith, Moody ABSENT: Tamara Sytsma, Stephanie Johnson 2. Recommendation to Increase Facade Program Funding. Ingrid Miller presented this item to the board and noted that the funds will be coming from another budget line and not the fund balance. Motion to approve façade program funding increase from an available budget line. RESULT: APPROVED [UNANIMOUS] MOVER: Peter Vanderwier, Vice-Chair SECONDER: Joana Hively, Secretary YEAS: Stoddard, Vanderwier, Hively, Smith, Moody ABSENT: Tamara Sytsma, Stephanie Johnson 3. Facade Improvement Program Application for 800 Wealthy Street SE Board members were pleased with the design committee’s recommendation and approved the project request. Generated 4/22/2022 09:57 AM Uptown Corridor Improvement Authority Meeting Full Page 3 April 13, 2022 Motion to approve the façade program application for 800 Wealthy Street. RESULT: APPROVED [UNANIMOUS] MOVER: Matthew E. Smith, Member SECONDER: Peter Vanderwier, Vice-Chair YEAS: Stoddard, Vanderwier, Hively, Smith, Moody ABSENT: Tamara Sytsma, Stephanie Johnson 4. Facade Improvement Program Design Assistance Application for 963 Cherry Street The board was supportive of the project and fully approved the design committee’s recommendation. Motion to approve the façade improvement program design assistance application for 963 Cherry Street. RESULT: APPROVED [UNANIMOUS] MOVER: Joana Hively, Secretary SECONDER: Peter Vanderwier, Vice-Chair YEAS: Stoddard, Vanderwier, Hively, Smith, Moody ABSENT: Tamara Sytsma, Stephanie Johnson VI. Reports Ms. Miller and Peter Vanderwier presented the reports to the board. They provided staffing and administrative updates. Ms. Miller noted two new members have joined the design committee. VII. Other Business None. VIII. Public Comment None. IX. Adjournment The meeting was adjourned at 8:29 am by Chair, Mark Stoddard. Generated 4/22/2022 09:57 AM