Uptown Corridor Improvement Authority - Regular Meeting

Uptown Corridor Improvement Authority 1106 Wealthy Street SE Minutes Packet Grand Rapids, MI 49503 August 3, 2022 @ 8:00 AM Louise Earl Butcher PRESENT: Mark Stoddard, Peter Vanderwier, Joana Hively, Matthew Smith, Tamara Sytsma. ABSENT: Lynn Happel, Stephanie Johnson, Commissioner Nathaniel Moody. OTHERS: Verah Narh Kamara, Tricia Chapman, Ingrid Miller I. Call to Order The meeting was called to order at 8:02 AM by Chair Mark (Stanley) Stoddard. II. Public Comment on Agenda Items None. III. Minutes Approval Approval of Minutes from June 29, 2022 No comments and questions were noted. Motion to approve minutes from June, 2022. RESULT: ACCEPTED [UNANIMOUS] MOVER: Joana Hively, Secretary SECONDER: Tamara Sytsma, Member YEAS: Stoddard, Vanderwier, Hively, Smith, Sytsma ABSENT: Lynn Happel, Stephanie Johnson, Nathaniel Moody IV. Financial Statements 1. Preliminary Interim Financial Statements as of June 30, 2022 Tricia Chapman presented the financial statements and noted that these numbers presented are only preliminary. Final numbers will be presented to the board in the following months. Tamara Sytsma wanted to know if the board tapped into the fund balance from the previous fiscal year. Ms. Chapman noted the board has not used the fund balance and it is instead adding $14,000 to the existing fund balance at this time. Generated 9/20/2022 09:20 AM Uptown Corridor Improvement Authority Meeting Full Page 2 August 3, 2022 Motion to approve statement C, list of expenditures from July 1, 2021, to June 30, 2022. RESULT: APPROVED [UNANIMOUS] MOVER: Tamara Sytsma, Member SECONDER: Matthew E. Smith, Member YEAS: Stoddard, Vanderwier, Hively, Smith, Sytsma ABSENT: Lynn Happel, Stephanie Johnson, Nathaniel Moody V. Action Items 1. Facade Improvement Program Design Assistance Application for 1312 East Fulton Street E. Ingrid Miller presented this item and noted that even though the application mentioned improvements to the rear of the building, the applicant has been informed grant funds can only be used for the front facade. Motion to approve the Façade Improvement Program Design Assistance grant application for 1312 East Fulton Street E for a not to exceed amount of $5,000. RESULT: APPROVED [UNANIMOUS] MOVER: Joana Hively, Secretary SECONDER: Matthew E. Smith, Member YEAS: Stoddard, Vanderwier, Hively, Smith, Sytsma ABSENT: Lynn Happel, Stephanie Johnson, Nathaniel Moody 2. Facade Improvement Program Design Assistance Application for 1515 Lake Drive. Ms. Miller presented this item and noted that this is not a new application but an amendment to an already approved application. New elements have been added to the project, increasing the original quote from the architect. Ms. Miller is also proposing that all Design Service applicants be approved the full amount going forward to avoid this kind of amendment in the past. Motion to approve the Façade Improvement Program Design Assistance grant for 1515 Lake Drive for a not to exceed amount of $5,000. RESULT: APPROVED [UNANIMOUS] MOVER: Matthew E. Smith, Member SECONDER: Tamara Sytsma, Member YEAS: Stoddard, Vanderwier, Hively, Smith, Sytsma ABSENT: Lynn Happel, Stephanie Johnson, Nathaniel Moody Generated 9/20/2022 09:20 AM Uptown Corridor Improvement Authority Meeting Full Page 3 August 3, 2022 VI. Discussion Items i. CIAs Round Table Discussion Verah Narh Kamara presented this item. The board shared ideas and suggestions for the round table discussion. VII. Reports 1. Uptown Grand Rapids Inc Ms. Miller presented the reports. VIII. Other Business None. IX. Public Comment None. X. Adjournment The meeting was adjourned at 8:38 AM by Chair, Mark Stoddard. Generated 9/20/2022 09:20 AM