Michigan St. Corridor Improvement Authority - Regular Meeting

Michigan Street Corridor Improvement Authority 809 Michigan Street NE Minutes Packet Grand Rapids, MI 49503 March 9, 2022 @ 3:30 PM Grand Coney PRESENT: Alexander Lamkin, Kevin Brant, Thomas Dann, Max Benedict ABSENT: Chris Swank, Jeff Lobdell, Commissioner Joe Jones OTHERS: Verah Narh-Kamara, Richard App, Kelsey Liebenow, Ken Miguel Cipriano I. Call to Order The meeting was called to order at 3:32 pm by Chair, Alexander Lamkin II. Public Comment on Agenda Items None. III. Minutes Approval 1. Minutes of January 12, 2022 No corrections were noted. Motion to approve minutes from January 12, 2022 RESULT: APPROVED [UNANIMOUS] MOVER: Kevin Brant, Vice-chair SECONDER: Thomas Dann, Secretary YEAS: Alexander Lamkin, Kevin Brant, Thomas Dann, Max Benedict ABSENT: Christopher Swank, Wayne Lobdell, Joseph D. Jones IV. Action Items 1. Michigan Street Facade Improvement Program Project Kelsey Liebenow presented this item. Motion to approve the façade application for 7 Monks Taproom and Pub. Generated 3/15/2022 04:34 PM Michigan Street Corridor Improvement Authority Meeting Full Page 2 March 9, 2022 RESULT: APPROVED [UNANIMOUS] MOVER: Max Benedict, Member SECONDER: Kevin Brant, Vice-chair YEAS: Alexander Lamkin, Kevin Brant, Thomas Dann, Max Benedict ABSENT: Christopher Swank, Wayne Lobdell, Joseph D. Jones V. Discussion Items 1. FY23 Budget Preparation Verah Narh-Kamara discussed the FY 23 budget with the board. She provided a revenue projection for FY 2023 and advised the board to start thinking of their priorities for the budget. Ms. Kamara reminded the board their total revenue for FY23 is preliminary and subject to change. The board members noticed there is a significant increase in their revenue and discussed possible priority projects for FY 23. Ms. Kamara suggested the Michigan Street Tax Increment Financing (TIF) plan can be a very helpful resource for the budget preparation process. The board agreed and requested the TIF plan be shared with them via email. VI. Reports 1. Corridor Manager & Design Committee Ms. Liebenow presented the committee reports. VII. Other Business None. VIII. Public Comment None. IX. Adjournment The meeting was adjourned at 4:39 pm by the chair, Zan Lamkin Generated 3/15/2022 04:34 PM