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          the DDA has  received consistent  'Clean' Annual Audit

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. 


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 Budgeted Revenue     $ 334,471 

2023-2024 Budgeted Revenue       $ 335,000 


EXPENSES:  Employment, maintenance services, community promotions,  business enhancement, design services, organizational expenses, events, engineering & contractual services, office equipment & supplies, repair and maintenance within the district, seasonal décor, education & training, facades, misc.


2018-2019 Year End Expenses     $ 206,285

2019-2020 Year End Expenses     $ 213,020

2020-2021 Year End Expenses     $ 187,653

2021-2022 Year End Expenses     $ 766,879 

2022-2023 Budgeted  Expenses   $ 180,640

2022-2023 Budgeted  Expenses      $ 193,290


Encumbered Funds:  savings reserved for future infrastructure projects, for example,    splash pad and Toan Park            $ 658,921

        Kent Streetscape (saving for)       

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


2022-2023          $ 589,000            $   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  *  Booklet, Trails to State Welcome Centers 


Our EVENTS:    * Independence Fireworks  *Beerfest on the Bridge (Provides funding for Holiday Fest)    *MI Downtown Day

*Small Business Saturday    *  HolidayFest & Light Parade


Events we Participate in to Promo Portland:   * Farmers Market   * Local Parades   *Community Day with Friends of the Red Mill    *Community Theater    *Chocolate Walk    *Sounds of Summer   *Harvest Fest    *Haunted Mill    *Santa Visits    *deLIGHTful Portland Music/Light Show   


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