Citizens can watch the TIFA meeting via Zoom via computer, phone, or dial-in number as follows:

https://us02web.zoom.us/j/89130744536?pwd=Qzc3bmFHeHNVVi9zUmgwNldNdnRsZz09 Meeting ID: 891 3074 4536 Password: 465377 Phone dial-in: (312) 626-6799

• Audio and video will be muted for members of the public and then unmuted by the host during public commentperiods.

• For participants accessing via computer or smartphone please use the “Raise Your Hand” icon to indicate you wouldlike to speak. First, click on the “Participants” icon at the bottom of your screen. Next, click on the “Raise Your Hand”icon near the bottom right corner of the screen.

• To raise your hand for telephone dial-in participants, press *9.• Members of the public may be muted or removed if using abusive language or if they become disruptive to the

meeting.

Website: www.mt-pleasant.org

All interested persons may attend and participate. Persons with disabilities who need assistance to participate may call the human resources office at 779-5314. A 48-hour advance notice is necessary for accommodation.

Hearing or speech impaired individuals may contact the city via the Michigan Relay Service by dialing 7-1-1.

TAX INCREMENT FIANANCE AUTHORITY May 28, 2020 8:00 AM VIRTUAL MEETING VIA ZOOM

TIFA Members: R. Blizzard 12/31/21 M. McAvoy 12/31/20 S. Christensen 12/31/22 R. Swindlehurst, Chair 12/31/22 W. Joseph 12/31/20 B. Wieferich, Vice Chair 12/31/22 J. Horton 12/31/22 M. Sponseller Staff Liaison

I. CALL TO ORDER

II. ROLL CALL ANDINTRODUCTIONS

III. CHANGES/ADDITIONS TOAGENDA

IV. MINUTESa. February 2020 Minutes

V. RECEIPT OF COMMUNICATIONa. May 2020 Downtown Directors

Reportb. Industrial Park North Financials

• 2019 Year-End• 2020 Amended• 2021 Proposed

c. Central Business District Financials• 2019 Year-End• 2020 Amended• 2021 Proposed

d. Broadway Lofts Update

VI. PUBLIC COMMENT

VII. OLD BUSINESS

VIII. NEW BUSINESSa. Industrial Park North Mowing

Contract Extensionb. TIFA Business Incentives - Billboard

IX. OTHER/ADDITIONS TO THEAGENDA

ADJOURNMENT

Date: May 22, 2020

To: TIFA Board

From: Michelle Sponseller, Downtown Development Director

Re: May 2020 Downtown Development Director’s Report

III. CHANGES TO THE AGENDA Unless there are changes to the agenda no action is necessary. IV. MINUTES Review of the February 2020 TIFA meeting minutes. Requested Motion:

• Motion to accept the minutes as presented.

V. RECEIPT OF COMMUNICATION A.) DOWNTOWN DIRECTORS REPORT Downtown Directors report covers description of communication and background information on agenda items.

• No action is required. V. RECEIPT OF COMMUNICATION B.1) INDUSTRIAL PARK NORTH (IPN) TIFA 2019 YEAR-END BUDGET Treasurer Mary Ann Kornexl will be at the meeting to answer questions on the 2019 year-end budget for the Industrial Park North (IPN) TIFA budget. Requested Motion:

• Motion to accept the 2019 IPN year-end financial report as presented. V. RECEIPT OF COMMUNICATION B.2) INDUSTRIAL PARK NORTH (IPN) TIFA 2020 AMENDED BUDGET Treasurer Mary Ann Kornexl will be at the meeting to answer questions on the 2020 amended budget for the Industrial Park North (IPN) TIFA budget. Requested Motion:

• Motion to accept the amended 2020 IPN financial report as presented. V. RECEIPT OF COMMUNICATION B.3) INDUSTRIAL PARK NORTH (IPN) TIFA 2021 PROPOSED BUDGET Treasurer Mary Ann Kornexl will be at the meeting to answer questions on the 2021 proposed budget for the Industrial Park North (IPN) TIFA budget. Requested Motion:

• Motion to accept the proposed 2021 IPN financial report as presented.

V. RECEIPT OF COMMUNICATION C.1) CENTRAL BUSINESS DISTRICT (CBD) TIFA 2019 YEAR-END BUDGET Treasurer Mary Ann Kornexl will be at the meeting to answer questions on the 2019 year-end budget for the Central Business District (CBD) TIFA budget. Requested Motion:

• Motion to accept the 2019 CBD year-end financial report as presented. V. RECEIPT OF COMMUNICATION C.2) CENTRAL BUSINESS DISTRICT (CBD) TIFA 2020 AMENDED BUDGET Treasurer Mary Ann Kornexl will be at the meeting to answer questions on the 2020 amended budget for the Central Business District (CBD) TIFA budget. Requested Motion:

• Motion to accept the amended 2020 CBD financial report as presented. V. RECEIPT OF COMMUNICATION C.3) CENTRAL BUSINESS DISTRICT (CBD) TIFA 2021 PROPOSED BUDGET Treasurer Mary Ann Kornexl will be at the meeting to answer questions on the 2021 proposed budget for the Central Business District (CBD) TIFA budget. Requested Motion:

• Motion to accept the proposed 2021 CBD financial report as presented. V. RECEIPT OF COMMUNICATION D.) BROADWAY LOFTS (410 WEST BROADWAY) UPDATE Bill Mrdeza will join us to present a quick update on the Broadway Lofts progress.

• No action is required. VI. PUBLIC COMMENT VII. OLD BUSINESS A.) NONE

None VIII. NEW BUSINESS A.) RENEWAL AND AMENDMENT OF THE IPN GROUND MAINTENANCE AGREEMENT The staff recommendation is to approve the amendment which extends the original mowing contract to October 31, 2020 with the same terms and cost ($2,200) as the original contract, which has been approved by the TIFA for the last two years. Attached in the packet is an executed copy of the 2019 contract for reference. This was bid in 2018 and KyConn was the low bidder at that time. Requested Motion:

• Motion to approve the amendment which extends the original mowing contract to October 31, 2020 with the same terms and cost ($2,200) as the original 2018 contract.

VIII. NEW BUSINESS B.) TIFA BUSINESS INCENTIVES – BILLBOARD PARTICIPANT PROPOSAL Chair Rick Swindlehurst will present a participant proposal on the US-127 billboard. Proposal will cover a financial match as well as timeline for updating the artwork. Requested Motion:

• Motion to approve the proposed billboard participant plan as presented. IX. OTHER/ADDITIONS TO THE AGENDA X. ADJOURNMENT

Website: www.mt-pleasant.org Michigan Relay Center for Speech & Hearing Impaired: 1-800-649-3777

February 5, 2020 MINUTES – TAX INCREMENT FINANCE AUTHORITY (TIFA) MEMBERS PRESENT R. Blizzard P 12/31/2021 M. McAvoy P 12/31/2020 S. Christensen P 12/31/2022 R. Swindlehurst, Chair P 12/31/2022 W. Joseph P 12/31/20 B. Wieferich, Vice Chair P 12/31/22 J. Horton P 12/31/22 M. Sponseller, Staff P N/A

A = Absent without notification P = Present EA = Excused Absence N/A = Not Applicable Guests: Bill Mrdeza Roll Call Notes: None I.) CALL TO ORDER Call to order at 4:00pm II.) ROLL CALL AND INTRODUCTIONS Board member roll listed above with attendance. III.) CHANGES/ADDITIONS TO AGENDA None IV.) MINUTES Motion to approve the regular November 2019 minutes with change to meeting chair. M = Joseph S = Blizzard Motion approved V.) RECEIPT OF COMMUNICATION a.) Downtown Directors Report Receipt of February Downtown Development Directors report. No action taken. V.) RECEIPT OF COMMUNICATION b.) Update on 410 West Broadway Development Bill Mrdeza provided an update on the project. No action taken. VI.) PUBLIC COMMENT No public comments.

VII.) OLD BUSINESS a.) Economic Incentives Discussion Motion to approve the following course of action on business incentives and request staff present it to the city commission for approval to spend in 2020-2021.

M = Horton S = Wieferich Motion Passed RECOMMENDED COURSE OF ACTION

• Billboard Matching Program o Billboard located along the northbound route of 127 between Alma and Shepherd this

billboard will be split between business owners and downtown to provide a cost effective entry into billboard marketing which would otherwise be financially unable to do.

• Website/Social Media

o Boost Google analytics for search of downtown businesses in key word searches such as shopping, dining, etc.

o Social media ad purchases for downtown Facebook and Instagram accounts to broaden reach and increase engagement.

o Website hosting and coding updates as necessary to keep information up-to-date.

• Radio o Three on-site remotes throughout the year by both WCZY and WCFX tied to events,

holidays or promotions.

• Restaurant Week o Week long promotion of downtown restaurants with tasting activities and specials.

• Print Materials

o Brochure and/or one-page flyer, including a map. o Distribution designed for incoming freshmen and parents during orientation, sporting

events via CMU, Mid-Michigan College, or CVB. Additionally, copies will be provided to hotel lobbies and/or rooms.

o Hotel welcome areas.

• Blade Sign Matching Program o 1-to-1 match, up to $500 per business, for blade signage for new and existing businesses

to better reach both pedestrian foot traffic and passing vehicles.

• Internet Radio o Eliminated. Funds moved to print materials.

• Television

o Eliminated.

• Other o Funds moved into the blade sign matching program and print materials.

REVISED ANNUAL BUDGET ALLOCATION: Please note that the budget below replaces the current $16,170 marketing allocation and is not in addition to it.

November 2019

Request

Revised Annual

February 2020 Current Marketing Allocation $16,170 $0 Billboard, radio advertising and website hosting. These activities are now included, not in addition to, the marketing list below.

Billboard* $10,000 $5,000 *Billboard will provide a matching opportunity for businesses. 1/2 will remain general downtown district message, the other 1/2 will be designated for specific businesses on a first come, first serve basis.

Website / Social Media Ads $7,500 $6,250 Website Hosting and Updates $0 $1,500

Instagram $3,750 $1,125 Facebook $3,750 $1,125

Google - ads and analytics $0 $2,500 Radio $25,000 $10,750

WCMU (89.5) $6,000 $3,000 WMHW (91.5 and 101.1) $4,000 $1,150

WCFX (95.3) $5,000 $3,300 WCZY (104.3 and 92.3) $5,000 $3,300

WUPS (98.5) $5,000 $0 Restaurant Week $5,000 $3,000

Print Materials $0 $10,000 Print materials (brochure/flyer with map) will be used in a variety of ways including: • CMU incoming freshmen and parents during orientation; • Welcome/Registration bags for sporting tournaments/events, conferences, etc.; • Hotel welcome areas.

*Blade Sign Matching Program $0 $5,000

1-to-1 match, up to $500 per business, for blade signage for new and existing businesses.

Internet Radio $10,000 $0 Pandora or Spotify

Eliminated

Television $12,500 $0 Spots on local and cable (9 & 10 and Spectrum)

Eliminated

Other $10,000 $0 Discussions on fireworks or brochure with map. Details now found under "print materials" and "signage matching program."

Annual Total $96,170 $40,000

RECOMMENDED MEASUREMENT OF BUSINESS INCENTIVES Provide City Commission with data in the following areas at the end of the year:

• Survey downtown business owners on return of investment on the campaign; • Billboard

o Before/after billboard sales comparison for participating businesses; o Request participating businesses to keep track customers who indicate they saw the

billboard as well;

• Social Media o Hootsuite and Google analytics to track engagement;

• Radio

o Coverage area and number of listeners during live remotes;

• Print Materials o Number of attendees and/or visitors presented materials;

• Restaurant Week

o Number of attendees; o Sales comparison before and after event;

• Signage Matching Program

o Track number of signs installed within the TIFA district. VIII.) NEW BUSINESS a.) 2020 Meeting Schedule Motion to meet every-other month on the fourth Monday with two exceptions* due to holidays.

• March 23 • May 18* • July 27 • September 28 • November 16*

M = Horton S = Wieferich Motion approved IX.) OTHER/ADDITIONS TO AGENDA

a.) None XI.) ADJOURNMENT Meeting adjourned 4:50pm.

3/30/202010:28 AM

Central Business DistrictStatement of Changes in Working CapitalFor the year ended December 31, 2019 Variance

2019 withFinal Budget

2018 Amended 2019 Positive Actual Budget Actual (Negative)

Working Capital at Janauary 1, $716,000 $821,916 $821,916 $0

Working Capital Sources:Revenue:TIFA/DDA Captured Taxes 219,819 - - - MTT Loss (1,001) - - - State Reimbursement PPT Loss 22,371 - - - Reimbursement - Fascade Improvements - 1,700 1,700 - Investment Earnings 10,700 13,200 15,867 2,667 Interest on Land Contract 1,156 1,100 1,102 2 Transfer From General Fund * - 80,000 - (80,000)

- Other Sources/Adjustments: - Land Contract Payments 4,840 6,100 114,542 108,442 Façade Improvement Loan Payments 2,860 3,810 2,860 (950) Increase (Decrease) in Current Portion of Land Contra 5,071 108,440 (4,191) (112,631)

Total Working Capital Sources 265,816 214,350 131,880 (82,470)

Working Capital Uses:Expenses Downtown Director Staffing & Expenses 93,720 - - - Event Seasonal Assistance 11,599 - - - Fascade Improvement Program 1,100 - - - Fire Protection Grants - 25,000 25,000 - Economic Initiatives * - - - - Depreciation 56,001 56,000 56,002 (2) Refund of County Debt Capture 2,922 - - - Administration 5,496 3,000 3,000 - Total Expenses 170,838 84,000 84,002 (2)

Other Uses/Adjustments Capital Improvements ** 40,223 6,000 247 5,753 Return Land Contract Payments to General Fund 4,840 6,100 122,440 (116,340) Depreciation (56,001) (56,000) (56,002) 2

Total Working Capital Uses 159,900 40,100 150,687 (110,587)

Increase (Decrease) In Working Capital 105,916 174,250 (18,807) (193,057)

Working Capital at December 31, Restricted for 2% Allocation - Interactive Murials 42,437 42,437 42,437 - Assigned for General Fund Loan Payment - 108,440 - (108,440) Assigned for Fascade Improvement Program 52,966 58,476 57,876 (600) Assigned for Fire Protection Grants 50,000 50,000 - Assigned for Economic Initatives * 80,000 - (80,000) Assigned for Capital Budget Projects 550,000 656,813 652,796 (4,017) Unassigned 176,513 - - - Total Working Capital at December 31 $821,916 $996,166 $803,109 ($193,057)

* - Funds to be returned to GF if not used by 12/31/2020. Didn't transfer in 2019 as program not established** - Design Lot 7

3/30/202010:28 AM

City of Mt PleasantIndustrial Park NorthStatement of Changes in Working CapitalFor the year ended December 31, 2019

Variance2019 withFinal Budget

2018 Amended 2019 Positive Actual Budget Actual (Negative)

Working Capital at Janauary 1, $98,745 $96,712 $96,712 $0

Working Capital Sources:Revenue:Investment Earnings 1,476 1,800 1,194 (606)

Working Capital Uses:Expenses Operations 1,900 2,200 1,600 600 MMDC Management Fee 1,609 - - - Total Working Capital Uses 3,509 2,200 1,600 600

Decrease In Working Capital (2,033) (400) (406) (6)

Working Capital at December 31, Assigneed for Maintenance 40,000 40,000 40,000 - Assigned for Park Incentives 50,000 50,000 50,000 - Unassigned 6,712 6,312 6,306 (6) Total Working Capital at December 31 $96,712 $96,312 $96,306 ($6)

Plan expires 2027

g:mskexcel\2019 Financials Page 1 3/30/2020

CITY OF MT. PLEASANT TIFA/DDAANNUAL REPORT

INDUSTRIAL PARK NORTH - TIFADECEMBER 31, 2019

Financial Statements

Balance Sheet

AssetsCash 96,306$

Liabilities & Retained Earnings

Retained Earnings Assigned for Maintenance 40,000$ Assigned for Park Incentive 50,000 Unassigned 6,306 Total Retained Earnings 96,306$

Income Statement

Revenue

Investment Earnings 1,194$

Expenditures

Maintenance 1,600

Excess Revenue Over Expenditures (406)

Retained Earnings January 1, 2019 96,712

Retained Earnings December 31, 2019 96,306$

Taxable ValueEstablished 1990Initial Taxable Value Advolorem - Real Non Principal Residence 1,562,750$ IFT - Pre 1994 74,000Total Initial Taxable Value 1,636,750$

2019 Taxable Value Advolorem - Real Non Principal Residence 2,780,380$ Advolorem - Commercial Personal Property 423,300Total Current Taxable Value 3,203,680$

2019 Tax Capture 0%

Jobs Created - Not Available

g:mskexcel\2019 Financials Page 2 3/30/2020

CITY OF MT. PLEASANT TIFA/DDAANNUAL FINANCIAL REPORT

CENTRAL BUSINESS DISTRICT - TIFADECEMBER 31, 2019

Financial Statements

Balance SheetAssetsCash 796,939$ Accounts Receivable 850Fascade Loan Receivable Due within one year 5,719 Due in more than one year 7,628 Land 275,000 Fixed Assets net of Depreciation 348,797 Total Assets 1,434,933$

Liabilities & Retained EarningsLiabilitiesAccounts Payable 400$

Retained Earnings Net Invested in Fixed Assets 623,797 Restricted for Tribal Donation 42,437 Assigned for Fascade Improvements 57,876 Assigned for Fire Protection Grants 50,000 Assigned for Capital Improvements 660,423 Total Retained Earnings 1,434,533

Total Liabilities & Retained Earnings 1,434,933$

Income StatementRevenueInterest on Land Contract $1,102Reimbursements 1,700Investment Earnings 15,867

Total Revenue 18,669$

Expenditures

Capital Outlay 247

Fire Protection Grant 25,000

Depreciation 56,002

Administration 3,000

Total Expenditures 84,249

Excess Revenue over Expenditures (65,580)

Retained Earnings January 1, 2019 1,500,113

Retained Earnings December 31, 2019 1,434,533$

g:mskexcel\2019 Financials Page 3 3/30/2020

CENTRAL BUSINESS DISTRICT - TIFA

Taxable ValueEstablished 1984Initial Taxable Value Advolorem - Real Non Principal Residence 4,736,135$ Advolorem - Real Principal Residence 388,065 Advolorem - Commercial Personal Property 896,100 Advolorem - Industrial Personal Property 31,350Total Initial Taxable Value 6,051,650$

2019 Taxable Value Advolorem - Real Non Principal Residence 14,998,621$ Advolorem - Real Principal Residence 1,624,033 Advolorem - Commercial Personal Property 438,006Total Current Taxable Value 17,060,660$

2019 Tax Capture 0%

Jobs Created - Not Available

5/22/202010:59 AM

City of Mt PleasantCentral Business DistrictStatement of Estimated Changes in Working CapitalFor the year ended December 31, 2021 and 2020

2020 2020 20212019 Adopted Amended Proposed

Actual Budget Budget Budget

Working Capital at Janauary 1, $821,916 $974,566 $803,109 $504,389

Working Capital Sources:Revenue:Donations - Light Curtains - - - - Reimbursements Fascade Improvements 1,700 Investment Earnings 15,867 12,300 6,000 3,000 Interest on Land Contract 1,102 - - - Transfer From General Fund - - 40,000 40,000

Other Sources/Adjustments:Land Contract Payments 114,542 108,440 - - Façade Improvement Loan Payments 2,860 3,810 5,710 3,810 Paid Off 2021Increase (Decrease) in Current Portion of Land Contra (4,191) (108,440) - -

Total Working Capital Sources 131,880 16,110 51,710 46,810

Working Capital Uses:Expenses Fascade Improvement Program - - - - Light Curtain Match Program - - - - Fire Protection Grants 25,000 25,000 50,000 - Economic Initiatives - 80,000 40,000 40,000 Interactive Murials 42,430 42,430 - Depreciation 56,002 56,000 56,000 56,000 Administration 3,000 3,000 3,000 2,800 Total Expenses 84,002 206,430 191,430 98,800

Other Uses/Adjustments Capital Improvements * 247 215,000 215,000 441,000 Return Land Contract Payments to General Fund 122,440 108,440 - - Depreciation (56,002) (56,000) (56,000) (56,000)

Total Working Capital Uses 150,687 473,870 350,430 483,800

Increase (Decrease) In Working Capital (18,807) (457,760) (298,720) (436,990)

Working Capital at December 31, Restricted for 2% Allocation - Interactive Murials 42,437 - - - Assigned for Fascade Improvement Program 57,876 60,586 63,586 67,396 Assigned for Fire Protection Grants 50,000 - - - Assigned for Capital Budget Projects 652,796 456,220 440,803 3 Unassigned - - - - Total Working Capital at December 31 $803,109 $516,806 $504,389 $67,399

* - 2020 Reconstruct Lot 7 $191,000 contract + design lot 4 & 8 $24,0002021 - Lot 8 Reconstruction $323,000, Lot 6 Reconstruction $91,000 & Lot 3 Design $27,000

Capital Outlay depends on CC adoption of 2021-2026 Capital Improvement Plan on June 8

Plan Expires 2025

5/22/202010:59 AM

City of Mt PleasantIndustrial Park NorthStatement of Estimated Changes in Working CapitalFor the year ended December 31, 2021 and 2020

2020 2020 20212019 Adopted Amended Proposed

Actual Budget Budget Budget

Working Capital at Janauary 1, $96,712 $96,212 $96,306 $94,736

Working Capital Sources:Revenue:Investment Earnings 1,194 1,700 850 300

Working Capital Uses:Expenses Operations 1,600 2,420 2,420 2,420

Decrease In Working Capital (406) (720) (1,570) (2,120)

Working Capital at December 31, Assigneed for Maintenance 40,000 40,000 40,000 40,000 Assigned for Park Incentives 50,000 50,000 50,000 50,000 Unassigned 6,306 5,492 4,736 2,616 Total Working Capital at December 31 $96,306 $95,492 $94,736 $92,616

Plan expires 2027

RENEWAL AND AMENDMENT TO GROUNDS MAINTENANCE AGREEMENT

THIS RENEWAL AND AMENDMENT TO THE GROUNDS MAINTENANCE

AGREEMENT (the “Amendment”) is made effective as of _________________, 2020 between the CITY OF MT. PLEASANT CENTRAL BUSINESS DISTRICT TAX INCREMENT FINANCE AUTHORITY, a Michigan public body corporate of 320 W. Broadway, Mt. Pleasant, Michigan 48858 (the “TIFA”) and KYCONN PROFESSIONAL LAWNCARE AND LANDSCAPING, a Michigan limited liability company of 5561 S. Whiteville, Mt. Pleasant, Michigan (“KyConn”).

RECITALS

A. The TIFA and KyConn entered into a Grounds Maintenance Agreement dated April 19, 2018 (the “Agreement”).

B. The Agreement began on April 19, 2018 and terminated on October 31, 2018.

C. Notwithstanding the termination date of October 31, 2018, pursuant to Section 3.A of the Agreement, the parties may renew the Agreement in writing.

The parties therefore agree that the Agreement shall be renewed and is hereby amended as follows:

1. Section 1.B of the Agreement shall be amended to read as follows:

B. The Services shall be performed once per week, during the hours of 7:00 am to 7:00 pm. Services shall begin as soon as practicable after May 1, 2020 and continue for a period of 22 weeks.

2. Section 3.A of the Agreement shall be amended to read as follows:

A. The term of this Agreement shall begin on _____________________, 2020, and shall terminate on October 31, 2020. The parties may renew this Agreement in writing.

Except as expressly amended by this Amendment, the Agreement will remain in full force and effect without change.

The TIFA and KyConn, by their duly authorized representatives, have executed this Amendment as of the date first written above.

2

CITY OF MT. PLEASANT CENTRAL BUSINESS DISTRICT TAX INCREMENT FINANCE AUTHORITY By:___________________________________

Rick Swindlehurst Its: Chair By:___________________________________

Michelle Sponseller Its: Secretary Date Signed:___________________________

KYCONN PROFESSIONAL LAWNCARE & LANDSCAPING, LLC By:___________________________________ Jimmy Childs Its:___________________________________

85714:00001:4120177-3