Downtown Development Authority (DDA) & Tax Increment Financing

STAFF:


Tina Conner Wellman
        517-647-5027
        tinacw@portland-michigan.org
        dda@portland-michigan.org
        FaceBook, Instagram & Twitter

        @ MI Portland Downtown


Downtown Development BOARD of DIRECTORS (link)


Audit:  For the Years Ending June 30, 2019, 2020, 2021, 2022, 2023, 2024          the DDA has  received consistent  'Clean' Annual Audits

Contracted Service:  Vegetation Control * Clock Maintenance  * Hometown Decoration - Holiday Fest * Various Entertainment & Sound Equipment for Events * Various Rentals (tents, chairs, tables) for Events * Website Platform & Hosting  *  Community Gift Certificate Platform  *  Legal Services  *  Engineering Services


The current TIF Plan (Link) was developed with extensive community outreach and input, it reflects additional desired improvements within the district, and also shows the retirement of debt and obligations which were outstanding at the time the plan was put together. 

(Summary) TIF DEVELOPMENT PLAN Update



DDA Board Meetings are held at 7pm on the 4th Mondays of each month. These meetings are held in the evenings to accommodate and encourage public participation of business & property owners, employees, and residents of the district.  All Minutes (Link)


Portland DDA was established in 1987. It is a designated district with a Board of Directors. The main focus is to utilize tax dollars to prevent deterioration and to promote economic growth. Plans include construction, renovation, repair, remodeling, and rehabilitation of public facilities and multi family dwellings within the district. The current TIF Plan was developed in 2014 and extends to 2038. Our funds to finance projects within the district come from taxes, event revenue, sponsorships, loans and grants. 



Having a DDA District does not increase taxes -
we receive 3.7 cents of each property tax dollar collected on commercial properties within the district. 


Budget Years run from July 1 through June 30

REVENUE:

Derived from Taxes, BeerFest, Sponsorships & Misc.

 






2018-2019 Year End Revenue      $ 357,778

2019-2020 Year End Revenue      $ 361,319 

2020-2021 Year End Revenue      $ 444,194 

2021-2022 Year End Revenue      $ 337,134

2022-2023 Year End Revenue      $ 334,471 

2023-2024 Year End Revenue      $ 324,632

       24-25 Projected Revenue      $ 566,500

       25-26 Budget Revenue          $ 359,500


EXPENSES

Operations, Wages/Benefits DDA, DPW, Parks-Rec, Electric.    Services; Contractual, Legal, Engineering, Administrative.    Downtown Decor,  Fireworks, HolidayFest, Beerfest, Promo & Marketing, Repair & Maintenance, Office Equipment, Supplies,    Capitol Expenses; Infrastructure & Placemaking


2018-2019 Year End Expense      $ 206,285

2019-2020 Year End Expense      $ 208,321 

2020-2021 Year End Expense      $ 171,593 

2021-2022 Year End Expense      $ 762,142

2022-2023 Year End Expense      $ 152,535  2023-2024 Year End Expense      $ 205,495

       24-25 Projected Expense      $ 852,478

       25-26 Budget Expense          $ 232,510

 

Encumbered Funds:  savings reserved for future infrastructure projects as identified in the TIF-Development Plan.  For example,    splash pad and Toan Park  $ 658,921

Saving for Kent Street and Plaza      

Unencumbered Funds: for unplanned emergency & maintenance projects 

 

                           Encumbered  Unencumbered

2018-2019         $ 281,493            $   84,000

2019-2020         $ 429,792            $   84,000

2020-2021         $ 754,333            $   50,000

2021-2022         $ 272,807            $   50,000    

2022-2023         $ 426,524            $   60,000

2023-2024         $ 545,660            $   60,000        24-25 Project  $   55,000             $  60,000

  25-26 Budget  $ 218,000            $   60,000



Portland City Hall debt paid in full 2018  *  Splash Pad, Toan Park Renovations  * Acquisition of 103 E. Grand River Ave (old blighted Keusch Garage) and initial clean up  *   Lighting of Veteran's Memorial Bridge & Paint Maintenance  *  New Street Lights on Water St & Repainting of 75% of the district Lamp Posts  *  Facade Incentive Program  * Continuation volunteer management of Design, Organization, Business Enhancement & Community Promotion   *  Scout Park Renovation  *  Kent St. Clock - all new upgrades  *  Annual Fall and Holiday Décor  *  District Data Base, Property & Business Inventory    *  District Website miportland.org - Directory, Calendar, Business & Property Resources, Vibrant Community  *  Downtown seasonal maintenance and custodial schedule  *  Portland Prime Community Gift Certificate Program  *  AmeriCorps VISTA full time Volunteer  *  Sesquicentennial Year of Celebrations & Commemoratives

12 Net New Businesses, New Owners, Business Upgrades  *  6 New Volunteers to Regular Programs

Events & Promotional Campaigns:

MiPortland Brand  *  Positively Portland Video  *  Facebook Increased Engagement  *  Instagram & Twitter Increased Promo's  *  Visit Portland Coaster Campaign - Portland, Westphalia, Eagle, Pewamo, Ionia


Our EVENTS -Community Calendar (Link):    *Sounds of Summer   * Independence Fireworks  *Beerfest on the Bridge (Provides funding for Holiday Fest)    *MI Downtown Day  *Small Business Saturday(s)    *  HolidayFest & Light Parade


Events we Participate in to Promo Portland -Community Calendar (Link):   * Farmers Market   * Local Parades   *Community Day with Friends of the Red Mill    *Community Theater    *Harvest Fest     *Turkey Trott    *Santa Visits    *deLIGHTful Portland Music/Light Show   


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