Tax Increment Finance Authority

APPROVED 11/24/2020 TAX INCREMENT FINANCE AUTHORITY MINUTES OCTOBER 28, 2020 THE MEETING OF THE TAX INCREMENT FINANCE AUTHORITY WAS CALLED TO ORDER AT 7:00 P.M., ON WEDNESDAY, OCTOBER 28, 2020, BY ACTING CHAIRMAN REINDEL. Present: Ball, Garant, Reindel, Weinert, Yelencich Absent: LaFore, Ruff Others: None APPROVAL OF MINUTES Motion by Garant, seconded by Yelencich, to approve the minutes from September 23, 2020, regular meeting as presented. All yeas Motion passes APPROVAL OF BILLS Motion by Ball, seconded by Garant, to approve the payroll expenses for September 11th through October 23rd, 2020 in the amount of $5,684.27 All yeas Motion passes Motion by Garant, seconded by Yelencich, to approve the Schedule of bills for September 11th through October 22nd, 2020 in the amount of $19,850.00 All yeas Motion passes CORRESPONDENCE Revenue and Expense report for September 2020 City Council Meeting Minutes of September 8, 2020 City Council Meeting Minutes of September 21, 2020 City Council Meeting Minutes of October 5, 2020 Received and Filed. Page 1|3 TIFA: 10/28/2020  APPROVED 11/24/2020 PUBLIC COMMENTS None. ADOPTION OF AGENDA Motion by Ball, seconded by Yelencich, to adopt the Agenda as presented. All yeas Motion passes ITEMS FOR CONSIDERATION 1. Consideration of Public Information Meeting in accordance with Public Act 57 of 2018 Director Moore informed the TIFA that that Public Act 57 of 2018 creates new reporting requirement for authorities such as TIFA. Some of the reporting requirement are to the public and some are new reporting requirements to the State Department of Treasury. The City of Richmond TIFA is required to hold two “public information” meetings each year. Informational meetings are for the purpose of informing the public of the goals and direction of the authority, including project to be undertaken in the coming year. They are not for the purpose of voting on policy, budgets or other operation matters. Director Moore gave a presentation on the façade programs and other TIFA projects this year. 2. Consideration of Proposal for Clock Restoration Motion by Garant, seconded by Yelencich, to approve the City Clock Renovation Proposal from Regulator Time Company in the amount of $26,500.00. All yeas Motion passes MISCELLANEOUS MATTER FROM THE DIRECTOR - The Halloween Event will take place along the hike/bike path in Beebe Park and will be from 4-6 pm - The Christmas Decorations have arrived. The decorations from Bronner’s will be shipping November 2nd. - Because the pool was closed this year – a lot of improvements have been made with the money saved. - The draft Recreation Master Plan is complete. The Recreation Board will be having their public hearing in December and Council will be adopting the plan in December. Page 2|3 TIFA: 10/28/2020  APPROVED 11/24/2020 CHAIRMAN AND AUTHORITY MEMBERS Weinert – The Historical Society applied for a grant with funds it received from TIFA, but did not make the cut. Reindel – The Halloween Event is sold out. - Commented on all of the scarecrows through the downtown areas. ADJOURNMENT Motion by Ball, supported by Garant, to adjourn the Tax Increment Finance Authority meeting at 7:31 p.m. All yeas Motion passes Respectfully Submitted: Karen Stagl City Clerk Page 3|3 TIFA: 10/28/2020