REGULAR MEETING OF THE
MIDLAND CENTER CITY
AUTHORITY,
TO TAKE PLACE ON
WEDNESDAY, MAY 16, 2012, 3:00 P.M.
COUNCIL CHAMBERS,
CITY HALL, MIDLAND, MICHIGAN
1. ROLL
CALL
MEMBERS
PRESENT: Jerry Deming, Joe Kozuch, Jon Lynch,
Cliff Miles and Clinton Struthers
MEMBERS
ABSENT: David Ginis, Christine Rapanos
STAFF
PRESENT: Cindy Winland, Consulting Planner, Debbie
Marquardt, Technical Secretary, Joe Valent, Chamber of Commerce, and one other.
2. APPROVAL OF
MINUTES
It was moved by Miles and seconded by Kozuch
to approve the minutes of the April 18, 2012 meeting. Motion was unanimously approved.
3. PUBLIC
COMMENTS (unrelated to items on the agenda)
None
4. OLD BUSINESS
None
5. NEW BUSINESS
Mr. Miles stated that the preparation of
the soil and planting at the Circle was well done and thanked Mr. Ginis.
6. COMMUNICATIONS
a. Governance and Sustainability
Committee Report
i.
Goals
and Actions update
Ms.
Winland presented background information for the Tax Increment Financing Plan education
and open house. The slides are
summarized below.
Tax
Increment Financing Plan:
·
The
proposal is to adopt the Tax Increment Financing Plan to supplement the CCA
development plan.
A time
line for the adoption of the TIF Plan is:
·
June
20 the CCA Board recommends adoption of the TIF plan to Council.
·
July
9 Council hears the recommendation to adopt TIF Plan as information only.
·
Between
July 9 and July 23 the CCA send notices to affected taxing jurisdictions
offering opportunity to discuss at Council.
·
July
23 Council hears anyone who wants to speak and sets the public hearing.
·
The
CCA and Council hold public hearings.
·
Council
considers TIF plan.
Tax
Increment Financing Frequently Asked Questions:
·
The
Tax Increment Financing or TIF is a financing tool used by a district, the CCA,
to capture revenues and reinvest them in the district.
·
The
initial “base” taxable value of the added portion is set upon establishment of
a district.
·
The
tax increment is the tax collected on the increase in the value of a property
above the base taxable value in the years following establishment of the TIF
district. These are captured as revenue
for the district.
CCA Proposed TIF Plan:
·
194
real property parcels.
·
236
personal property parcels (very likely to be eliminated as taxable).
·
Total
base taxable value of $37,800,000 ($33,900,000 real property)
·
Capture
would be limited to increases in taxable values as properties are developed or
increase in taxable value.
How
would properties benefit from being part of the CCA district?
·
The
establishment of a TIF positions the Center City area and Midland community to
benefit from future improvements and reinvest the tax capture into the area.
Will it
cost property owners more to be part of the Center City district?
·
Incorporation
into the CCA district would not affect taxes currently paid.
Would
being part of the CCA district limit the ability to develop property?
·
Being
a part of the CCA district would not place any requirements or restrictions on
property beyond what is already outlined in the City of Midland Planning and
Zoning requirements.
Does
this take money away from the general fund?
·
The
TIF capture takes what would normally be general fund dollars and uses the
prescribed tax capture in the Center City district. These dollars will be spent on activities
outlined in the Development Plan such as streetscapes, improved traffic flow
and programming.
·
On
May 23rd the CCA Governance and Sustainability Committee invited all
the board and committee members to talk about ways to educate property owners n
the district. There is an information
session at the Law Enforcement center to show how the TIF plans works and
answer questions.
·
·
The
first tax funds will be collected in 2013/2014.
A dollar amount of the anticipated collection must be shown in the Plan.
b. Marketing
Committee Report
i.
Goals
and Action update
Mr. Valent stated that they discussed having
the block captions drop off pamphlets to advertise the website with
opportunities for deals and sponsors.
They will also be working on a newsletter. ESPN radio will advertise for them at no
cost. The website has everything it
needs but there are still a few formatting errors. There is a link from the Midland Chamber
website to direct people to the CCA website.
Mr. Struthers stated that when it does become live it would be really
good to make sure businesses in the Authority area have the art work for the
logo. We should encourage them to put a
link on their website to the CCA since it would encourage traffic from site to
site. They would also like to put the CCA Plan and TIF presentation on the
website.
c. Physical
Improvements Committee Report
i. Goals
and Actions update
Mr.
Kozuch spoke and stated they are still lining up the funds for the two gateway signs. Ms. Winland had a conversation with Jan
McGuire and there is opportuntiy to apply for additional funding for these. There is a required match of $12,000 in order
to utilize the $24,000 committed from the Gerstacker Foundation.
Mr. Struthers asked if there were
any questions and if they might want some conversations with business owners
for making investments in the area. They
should be aware of the opportunity of the investment.
7. REPORT
OF THE CHAIRPERSON
Mr.
Struthers thanked the board for their continued involvement.
8. REPORT OF THE STAFF
Reminder next Wednesday, May 23, at
8:00 a.m. for a kickoff meeting of the education process of the TIF program.
9. ADJOURNMENT
As
there was no further business, the meeting adjourned at 3:35 p.m.
Respectfully
submitted,
Cynthia E. Winland,
AICP, PCP
Consulting Planner
MINUTES
ARE NOT FINAL UNTIL APPROVED BY THE CENTER CITY AUTHORITY.