Loading...
HomeMy WebLinkAbout1990-06-25 90-246 ORDER�ouncrl action Date: June 11. 1990 Itam No. 90-246 Item, Subject: Adopting Municipal Development Program and Budget for the Bangor.Center Development District. Responsible Department: Community and econon.£c Development Comeun£ty Development Division C®entaryt HEARING - Prior to voting on this Order, the Council is required to hold a Public Rearing on the Municipal Development Program and Budget for the Bangor Center Development District. The purpose of this Order is for the City Council to consider the Program to be implemented for the Bangor Center Development District. The Program has been prepared by the Municipal Development District Advisory Board. DbparIovent Read Manager's Cents: a. City Managac Associated Information:, (A7w" Budget Approval: 13A Yfnatce Director legal Approval: City Solicitor Introduced For: _XPassage _First Reading Page I of I Referral 90-246 souped to Coundor Sullivan, June 25, 1990 CITY OF BANGOR (TIRE) (Drier, Adopting Muni Lpa1 Development Program and ........ Budg,t f r the_B go Center. Development District BY NW aty Cosmic of W ORV of SURYor. t'1 1 THAT WHEREAS, by action of the City Council a certain area in the downtown area has been designated as a Municipal Development District known as the Bangor Center Development District in accordance with 30-A M.R.S.A. Section 5253 (1); and WHEREAS, 30-A M.R.S.A. Section 5253 (2) requires that the governing body of a Municipality shall adopt a development program for each development district; and WHEREAS, the Municipal Development District Advisory Board has recommended a proposed development program to be adopted by the City Council, NOW, THEREFORE, BY THE CITY COUNCIL OF THE CITY OF HANGARS ORDERED, THAT, IN ACCORDANCE WITH 30-A H.R.S.A. Section $253 (2), does hereby adopt the "Bangor Center Mansgeoent Corporation Work Program and Budget, 1990-1991" as the development program for the Bangor Center Development District. 90-246 IN-RITY c6 MCIL 0 RDE R .., Tune 25,.1990. ,. Passedby the following yes and no votes. Councilors voting yes: title, Cohen, England, Sawyer, Sari, Bosomed, - Stone and Sullivan: Councilor - Adopting Municipal Devel pme et Program vptdog 9a1 d, Co 11oz abeeou - -Center „ � � `Els ie-�Jy� andBudgetf" theBangor qs ev lop e Development ttr�ictp/2( ' ..... tt�Di - ". Councilman lu Bangor Center Management Corporation Program and Budget 1990-1991 DOWNTOWN REVITALIZATION PROJECT AREA E i iJ�111 I H r10 l•J BANGOR CENTER MANAGEMENT CORPORATION BYLAWS From Organizational Meeting - March 16, 1907 SECTION 1. The name of this corporation is Bangor Center Management Corporation, and its principal office in is Bangor, Maine. SECTION L The officers shall be a President, Vice President, Treasurer and Secretary. SECTIO{ Os The President shall preside at the meetings of the corporation and of the board of directors and shall be a member ex -officio, with right to vote, of all committees. He shall also, at the annual meeting of the Corporation and such other times as he deems proper, communicate to the board of directors such matters and make such suggestions as may in his opinion tendo promote the prosperity and welfare and increase the'.usef4lness of the corporation and shall perform such other duties as are necessarily incident to the office of the Pr Tient. ITON 4. The Vice President shall perform the functions of the President in his absence. ,S CATION 5. The Treasurer shall keep accurate records of all moneys received and Paid out, and shall have the custody of all property. EK=10 A, Directors A. There shall be directors elected and appointed as specified in the Articles of Incorporation. As so specified, there shall be voting directors and ex -officio directors who shall not have the right to vote. Directors shall be elected by the directors at the annual meeting. Any director shall continue to serve until his successor hes been elected o appointed and qualified. B. The Articles of Incorporation prescribe the following directors to be elected or appointed in the following manner: GROUP 1. DIRECTORS TO BE ELECTED BY THE DIRECTORS a. One person owning a large amount of property located within the Bangor Municipal Development District (hereinafter referred to as the District"(, meaning an owner of property with A valuation M assessed by the city of Bangor at more than $600,000; b. One person owning a small amount of property located with the District, meaning an owner of property with a valuation assessed by the City of Bangor at less than $600,000; c. One person who is either a merchant, a restauranteur, or an owner or manager of an entertainment establishment located within the District; d. One person who is either an owner or manager or an employee of a professional or service business, the principal office for which is located within the District; - e. One person who resides within the District; f. Three persons who work or reside within the Drict to be elected as Directors -At -large. (Amended June 6, 1969) After the initial board of directors is selected by a committee of the Bangor Center Development Corporation and members of the Bangor Municipal Development District Advisory Board as provided for in the Articles of Incorporation, the members described above of subsequent boards of directors shall be elected for terms as herein prescribed by majority vote of the voting members of the entire board of directors. GROUP 2. DIRECTORS TO BE SELECTED BY OTHERS In addition to the foregoing persons, the following hall also be voting members of the board of directors; a current member of Downtow. Onen River esoCitylAssociation who shall beeelected by the board of directors of the Downtown River City Association; h. one person who is a current member of the Bangor Center Development Corporation who shall be elected by the board of directors of the Bangor Center Development Corporation; i. One person who is a current member of the Bangor City Council who shall be chosen by the Bangor city Council; ( � -111- FV WO GROUP 3. EA -OFFICIO DIRECTORS - NON-VOTING In addition to the foregoing voting members, the following shall also be ex -officio directors who shall be entitled to participate in debate and discussion of the directors but who are not entitled to vote: J. One person who is a current member of the staff of the city of Bangor to be designated by the City Manager of the City of Bangor: k. One person who is a current member of the Bangor Municipal Development District Advisory Board to be elected by that board. C. T,eN�s of'Directors 1.K The terms of the voting directors (Groups 1 and 2, above) shall be for three years. 2. The beginning of full terns of directors shall coincide with the beginning of the fiscal year of the corporation. 3. Initially, the terms of the voting directors shall be staggered as follows: large property owner (a, above) 3 years Small propertyy owner (b, above) 1 year Merchant, restauranteur, entertainment business owner or manager (c, above) 2 years Office, professional, service business owner or manager (d, above) 3 years Resident (e, above) 1 year INCA member (f, above) 3 years BCDC member (g, above) 2 years Bangor city Council member (h, above) 1 year 4. No voting director may serve more than two consecutive full terms. A "full term" means three years. 5. There is no term for the ex -officio non-voting directors nor any limitation on the length of time any such ex -officio director may serve. _ D. Vacancies 1. I£ any voting director elected by the board -iv- O'd , (Group 1, above) loses nis or her affiliation with the District, he or she shall resign, or if he or she Bails to resign, the office held by that person shall be declared vacant by a majority vote of the remaining board of directors. If any voting director elected by others (Group 2 above) loses his or her affiliation with the speci£�ed group, he or she shall resign, or if he or she fails to resign, the nominating or electing etganization may advise the board of auto loss of affiliation and shall elect a successor, or the office held by the person may be declared vacant by a majority vote of the remaining board of directors. 2. if there is a vacancy among any of the voting directors (Groups 1 and 2, above) such vacancy shall be filled by the organization which elected or selected such position. The filling of any such vacancy shall be for the unexpired term of the director whose position became vacant. 3. If any voting director (Groups 1 and 2, above) has been absent from three (3) consecutive Bangor Center nt ManagemeCorporation board of director meetings, given notification of that meeting,without given staff or directors prior information of absence, may be asked to resign his or her position. The filling of such vacancy shall be for the unexpired term of the director whose position became vacant. (Amended June 6, 1989) E. The directors shall report to the Bangor Municipal Development District Advisory Board or in lieu thereof to the Bangor city council on the activities of the corporation no less frequeev ly than quarterly. SECT o 7. An annual meeting f the corporation shall be held n the month of June on such date and at such location as the board of directors may determine. At the annual meeting, the directors shall elect the directors whose terms have expired. The officers of the corporation shall be elected annually by the board of directors. SECTION S. The fiscal year of the corporation shall be from July 1 through June 30. SECTION 9. no seal of the corporation shall be a circular disc, upon which shall be inscribed the words "Banger Center Management Corporation, Incorporated 1987 Maine." SECTION 32 The bylaws may be altered, amended or repealed by the board of directors at any regular or special meeting. r v Preface As we develop a work program and budget for the upcoming X90-91 year we have the benefit of having some two and one half years• experience to draw upon. As with many new programs, we have been ambitious, enthusiastic and determined to be all things to all people", to solve all problems, and to generate marked changes In Downtown Bangor in a short space of time. Although many people use physical improvements as the only measurin? stick for downtown revitalization that is only part of the package and is also the part which requires the most lead tine before changes are seen. We see an improved attitude, a greater confidence in the area which is beginning to generate the physical changes. We expect to see some long-awaited improvements in the vacant buildings in the U pcoming year which will contribute to the total health and vitality of all of the downtown business community. In addition to an upswing in attitude the economic base of the District is also increasing. Within the BCMC Boundaries the assessed valuation of the real estate increased from $66,666,000.00 in 1987 to $91,393 600 in 1989. Key Plaza has been completed, a new 504 car parking garage has been built and is operational, the Mitchell and Stearns Building is a major addition to the skyline and Town Court is nearing ccfpletion. Phase I of the Maliseet Project is completed and occupied and Phase II is about to get underway. Few downtowns in a city the size of Bangor have experienced this much new construction in such a short space of time, during this era. Initially, most people felt Nat there were two major problems in the downtown: 1) lack of sufficient parking, and 2W the vacancy in four large buildings held under one ownership. Me parking problem had been increasing for an extended period of time. With parking waivers granted to Urban Renewal development, an ultimate parking crisis was inevitable. The City has recently resolved this problem by constructing a Parking garage whose use is somewhat better than had been expected. The remaining problem, the development of the vacant buildings will be the major focus of our program for the upcoming year. Although we have always considered the status of these buildings to have a major negative impact upon the downtown area, there has been little that we could do to effect a change, the size and price being major obstacles. a Freese's, in particular, plays an emotional part in the I of the area. To many people that store was the linchpin of downtown and its departure symbolized more than a physical lose to what had been the retail center of the area. However, having worked behind the scenes with the owner of these buildings for the past two years, we feel confident that some action will soon be forthcoming. Development plans are underway and the owner has requested that we play a major role in implementing these plans. we have sponsored many events a,we of the city. Some of and others have left us Our conclusion has been that after year and preferably undertaken with another sponsor. A cc -sponsor gives us access to greater promotion than our budget permits and to a sharing of the workload. In anarea where volunteers are called upon for many projects, we have mu found that it is unwise to nlwn ermA vnlntan� availaMtiFv One ofthemajor drawbacks to ensuring a solid foundation $ the pr ran is the uncertainty of its funding. As the Citrt share oogthe BCHC diminishes, the Tax District et pick Lp an increasing share. Therefore, in a time when the economy is tight, it is probably wise to diversify the sources of funds. Clearly, it would seem that the most effective way to ensure long term stability to the program is to increase its funding sources, so that it no longer relies solely on tax resources, whether from the general fund or from a tax district. Approaches to be explored will be discussed further in a section on funding. In summary, we see the program concentrating to a large extent on the development aspect of downtown in the coming year, development which we feel will bring a marked increase in the economic base and vitality of the area. V 2 Priorities During an all -day workshop of the Board of Directors and Staff of the BCMC, a list of priorities was developed. These items are projects which the Board feels that the staff should concentrate on during the upcoming year. The following is a summary of these priorities as they were rated in order of the perceived importance. Marketing Plav - When seeking tenants for small retail space, the search tends to be concentrated in the local area and to focus on whichever merchants are seeking new Space. However, when a substantial amount of space comes on the market at one time, as will be the case with the Preeme's building, a more comprehensive approach will be necessary. An analysis of the market is vital if one is to know what needs are not being met, the share of the market that particular businesses might expect to garner and what an appropriate mix would be in order to maximize sales potential of all of the stores in the downtown. Retail Incevpplves = In order to attract additional retail establishments to the downtown and to retain the exiting space in retailse, it has been suggested that © a prootam of incentives be developed which would make it attradtive to do so. Parking Policy and Management - Although the parking garage has satisfied the needs of many downtown people, it is felt that there is stili work to be done in this area, particularly for the short-term parker whose business is not near the garage. In addition, the loading areas need to have further study and delineation. Development Package - A developm nt package needs to. be assembled which explores all of the financing resources for development in the downtown. These resources will include financing through banks, insurance companies, pension funds, Federal and StatePFrograms and city resources such as Tax Increment Pinancing, and the Community Development Block Grant. In addition, to identifying these sources, we will detail the extent of funding, its availability and how these resources can be combined to make a project feasible. -1- C Increase Communication with Other organisations - There are many organizations whose work and efforts have a bearing on the downtown and the BCMC interacts with thesegroups frequently, often sitting on their Boards of Directors. This effort should be increased and several joint meetings will be scheduled to increase awareness and maximize accomplishments by combining cut efforts. Signe for Downtown - HCMC has developed a sign which we will be having produced and positioning on approaches to the City to indicate the location of the downtown. In addition,we will continue to lobby the City to clarify and be m, re selective with municipal signs in the area. seminars- On an on-going basis, seminars of interest to business and store owners will be presented. These shall include an overview of the new FAME programs, Tax Problems and,Solutions, Promotion Workshops and other specifficdsc topics which the Retail/Service Committee {. Historic Preservation Commission - The majority of the Downtown is located in o of the several Historic Districts and this makes it especially vital that closer ties be developed with the His Preservation Commission. It is recommended that this be accomplished by placing a member of BCMc on the Preservation Commission as an Ex -Officio member and to request that they select someone to sit on our Board in the same capacity. In rove Interaction with the Police Department - Goitering in the downtown has been a ❑ oblem in the area, particularly in the summer months. It is recommended that a better working relationship with the police department be developed to alleviate this problem. Improve Public Areas - In the past year we worked with the Public Works Department to develop and implement a program of improvements for Hannibal Hamlin Park. This will be completed this spring and summer with new shrubs and flowers, some of which will be contributed by BMC. Work will also begin on Norumbega Park. An assessment of benches and their location needs to be undertaken, with a view to relocating some, increasing the number in other areas and providing seating in new areas. _q - If rr¢ o In addition,new trash containers need to be designed/selected and provided which will be more attractive and more functional than the existing ones. Bangor Center Beautification Committee - Form a subcommittee to ensure that all beautification projects which are scheduled for the upcoming year are completed and these opportunities maximized. This committee will also encourage property owners in the area to make renovations and improvements to their property, specially store fronts, and work to achieve more unified look. u -5- WE Additional Funding Sources To Be Explored For Future Program One of the long term goals of the program will be to establish more diversified sources of funding, in order to provide more permanence to the program. while the time available before this program budget is submitted for approval is not sufficient to implement any of these funding resources, during the upcoming year, we will seek to research these ideas. The following are areae from which we will explore funds: Increasing the Boundaries of the Project Area. - Since the original boundaries were established for theprogram, several commercial buildings have been built r rehabilitated just outside that"boundary. Because these businesses are actually a part of tbp downtown and are able to benefit from the program, JK has been suggested that they be included in the District. AsSeasmeht of Non -Property Camara. The majority of businesses in the downtown do not own the property in which they conduct their business and therefore pay no tax. Although it may be argued that this assessment is included in their rent, a p rtial survey of ® property owners has revealed that most of those surveyed do of pass along this tax to their tenants. A small assessment, perhaps based upon square footage, would relieve the burden from the owners and spread it more equitably among all of the people in the district. sale of Advertising in the Noantown Bugle - while we have sold advertising in the Bugle to cover the cost of printing the paper, we have not made an attempt to make a profit on this venture. Since there seems to be a good deal of interest n advertising in the Bugle, we will seek to increase our advertising sales to generate income. The enrage sale - A small profit should be realized from the sale of tickets to the Sale, our share of which will be contributed to the program. In addition, we will have a booth at the Sale, as a non-profit agency and can expect to bring in some income from this source. Although we do not expect to realise any major amount from this sale, it is a way in which we can involve a number of persons in funding efforts. Pee for services.- Over the past two years and with increasing frequency we are able to make referrals to owners and brokers for possible tenants. Mesa referrals have been without any recompense to us in the past, but it is felt that a small fee for assisting someone in the successful rental or -fi- sale of property would be a valid contribution to the program. In no way are we attempting to infringe on the real estate community but merely to serve as a facilitator in bringing new business to the downtown. This will be worked out with the Real Estate community and an appropriate fee schedule developed with their input. Several owners with whom we have discussed this proposal have been favorably disposed to such an arrangement. -7- } I. Improve Downtown Bangor A. Design 1. During the past year, the Code Enforcement Department has worked with several property owners to bring their buildings up to standard and will continue to do so with ourinputin the upcoming year. In addition, we are beesettheworksth some owners to bring their facades beyond mic/o£ore% intensified scalein theupcomingyear. newill nto dothis on a; 2. 4I},ydY 6e basis of a Downtown Plan has been developed over thispast year in conjunction with the Comprehensive Plan and this w ll be finalized and published in the next year. 3. In conunction with the Downtown Beautification Committee, we will monitor the scheduled improvements to the area and in addition, we will encourage property owners to improve their facades so that all design improvements in the ® area are maximized. B. Technical Assistance Proaram 1. Developp a program of incentives for retail owners to encourage rete it use on the first floors of downtown buildings. It is important that a critical mass of such tail/service businesses be retained and it is felt that this is better viewed as an opportunity than as a regulation through zoning. 2. An on-going program of technical assistance through seminars and workshops will focus on the financial aspects of business this year. First among the seminars will be a presentation of the new FAME programs. In addition, we plan programa n business plans, financing and tax planning. The new Retail/Service Committee of BCMC will be making further recommendations for seminars where they see a need. 3 1. In an effort to maximize our scarce promotion dollars, we will pursue combining efforts with the City and with Bangor 2000 to do as much joint promotion as possible. 2. Downtown will be promoted throughout the central Baine region;,and/we will increase our advertising in the Canadian Provinces. 1•'e will be utilizing the input of the Retail/Service Committee to making decisions regarding advertising and promotion for special events/sales to encourage shoppers to the downtown. D. communication 1. Continue to work with other groups who have an ® interest in the downtown or who are promoting the city as a whole. This increasing level of inter -action is directed toward co-sponsorship of events, joint promotional ventures, and exchange of information. 2. Continue to build an active relationship with downtown business persons and property owners. New sub- committees of the BCMC have recently been created which involve good representation from the business community, and these groups will become more active during the upcoming year. J. Continue to serve as guest speaker for civic and community groups while seeking support for downtown activities and promoting the area. 4. Continue to serve as a liaison and advocate for downtown interests with city staff, elected officials and other. S. Continue to publish the Downtown Bulla on a bi- monthly basis. Increasing effort shall be made to have articles written by members of the community. V C IJ I1. Development ionone tasks we assist in the Freese's of this long - r single projec b of the by the owner to guidance of a elicited for the first inn a elan for s on me upper resources. B. A Development Committee will assist the staff in matters of development in the downtown including recruitment of new businesses. C. The design for the Plaza area outside the parking garage has been the result of a collaboration on the part of manygroups, includingBangor Center Management Corporation andtse City. As thiprotect moves into the construction phase we will continue to have input to ensure that it meets all of our use and design criteria. D. Residential re -use of upper stories is an important element in developing a full time vitality to the downtown. This is beginning to happen and we will Py its increase. To this end we will make available information on financing resources and provide assistance in working through regulations and applications. We will be working with the Maine State Housing Authority and BUD as well as local resources. M. With the passega of the Upper Main Street Historic District, virtually all of downtown is located in an Historic District andeligible for Tax Credits. We will assist any owner wishing to utilize this program to prepare an application Por certification. -10- in F. We will provide meveloperts Packets with updated demographics and all information which we have assembled to assist them in making a decision to locate in the downtown. This will also contain specific information on funding resources, its availability and procedures to applications. G. We WkA continue and accelerate our efforts to locate tenants for."ather space as it becomes available. With a marketing 'y an in place we intend to seek new businesses from outside the immediate area. -11- M III. Marketing and Promotion A. Advertising In past ears we have utilized the services of a professional advertising agency which was very helpful to us t that time. However, experience in this area given us the ability to undertake this on an in-house basis. We will also be utilizing the skills of a member of the Board of nirectors in our advertising and promotion work. In. this ay we hope to be able to maximize our budgeted amount in this area. We will be exploring ways to utilize group advertising with businesses in the area, utilizing our ability to obtain better prices for TV and Radio spots. Combining our efforts in this way, we ho a to extend the value of all advertising dollars �n the downtown. B. $vents As we mentioned in the preface to this document, we have concluded that small events are not cost effective and tend to draw insufficient people to the area. Therefore, we. are planning to be involved in a few large events. These events, by being repeated annually are able to generate a larger audience each year, as the audience expects them to happen. The events which we plan to retain and expand upon are as follows! July July Ath'- Assist Biwanis with Parade, Fireworks, and afternoon activities. co -Sponsor concert with WPBC to be held on roof of Parking Garage. Noon time concerts in West Market Square Sidewalk Art Festival - Co -Sponsored with Channel 2 September - seminar November Decorations/Tree Lighting Ceremony December Street Carolers Santa and Mrs. Claus -12- ID Paten - Seminar - April- Seminar June - Third Annual Garage Sale - Co -Sponsored with Channel 2. 1V public - Private Policy A. Continue to work with City staff to develop a parking and loading policy. B. Develop a closer working relationship with the Police Department in order to resolve loitering and illegal activities on the downtown streets. 0 BANGOR CENTER MANAGEMENT CORYOAATION YROGIW 0 BUDGET 199090-1929 91 Item GEHERAL ADMINISTRATION IMP�E DOWNTONN BANGOR Design Technical Assistance Promotion Communication DEVELOPMENT Market vacant buildings Development Committee Plana/Park areas Upper story reuse Residential development Historic District tax credits Facade Studies Implementation of survey data MARKETING/PROMOTION Professional Advertising Downtown Bugle Events PUBLIC/PRIVATE Pl1LIC$ Aetail ZOningg Parking/iAading Zone b $ of % of Budget Time Cost 3 5 $ 3,344.20 12 20 13,376.75 31 50 34,554.60 51 - 20 $6,851.25 III 3 9 '3,344.20 -'S 111,473.00 ___ _14_ -15- i BANGOR CENTER MANAGEMENT CORPORATION PROPOSED BUDGET 1990-1991" 1989-1990 1990-1991 PERSONNEL - 0 EXECUTIVE DIRECTOR $ 39,000.00 $ 40,810.00 DINATO PROJECT COORDINATOR 19,000.00 00.00 PART-TIME WORKER 2,000.00 8,000.00 FICA 4,362.80 3,723.00 PUTA 464.00 317.00 SURA 1,508.00 1,350.00 WORKER'S COMPENSATION 702.77 648.00 HEALTH INSURANCE 3,100.00 2,400.00 PAYROLL PREPARATION 564.20 425.00 70,701.77 5),6]3:00 OFFICE EXPENSES - - RENT 5,940.00 4g2U0.00 - PARKING ]80.00 00.00 UTILITIES 800.00 500.00 TELEPHONE 2,700.00 1,700:00 OFFICE EQUIP/FURN. 5,575.00 2,000.00 OFFICE SUPPLIES 2,700.00 2,300.00 POSTAGE 900.00 10100.00 LIABILITY INSURANCE 4,)60.00 2,500.00 PUBLICATIONS 460.00 550.00 MEMBERSHIPS 475.00 600.00 - BANK CHARGES 180.00 150.00 PUBLIC HEARING NOTICES 2,700.00 2,600.90 OFFICE PROFESSIONAL SERVICES 1,500.00 1,800.00 ----------- 29,4]0.00. ------------ 20,000.00 UARKETINGIDETELOPMENT/pRINGTION ADVERTISING 31,500.00 20,000.00 PROMOTIONAL MATERIAL 3,350.00 3,,000.GO SPECIAL EVENTS. 21,420.00 6,000.00 CONFERENCES/MEETINGS - 3,500.00. 1,000.00 TRAVEL 3,500.00 2,000.00 M/D/P PROFESSIONAL SERVICES 2,000.00 11000.00 BUGLE 0.00 - 0.00 MISCELLANEOUS 800.00 800.00 66,070 00 - 33,800.00 166,241.]) 111,473.00 City Portion <52,000.005 <28,006.00> Property Tax 114,241.)) 83,473.00 -15- '.BANGOR CENTER MANAGEMENT CORPORATION' SPECIAL EVENTS BUDGET 1990-1991 July 4, 1990 -Jazz Concert on top level of parking garage co-sponsor with WPBC Afternoon activities Summer months, 1990 Noontime concerts in West Market Square July 14, 1990 Downtown Sidewalk Art Festival Co-sponsor with WEBZ Holiday season Santa and Mrs. Claus on Saturdays ($200.00) Christmas Tree Lighting ($500.00) - �. Downtown Decorations ($1,300.00) Winter/Spring Seminars 2-3 Seminars to assist district businesses - June 15, 1991 (9) $ 1,500.00 . 1,500.00 0.60 2,000.00 _ 1,000.00 3rd Annual World's Largest Garage Sale .0.00 _ - - -------------- $ 61000.00 -16- 'PROJECTED REMAINING EXPENDITURES '- 1989-1990 Sit May June )?PERSONNEL SALARY/TAXES/PREP. 4,888.00 4,888.00 6,110.00 WORKER'S COMP 170.00 O.DO 0.00 HEALTH ISSUE. 283.00 _____________ 283.00 283.00 Total personnel 5,341.00 ____________ 50171.00 --- _________._ 6,393.00 OFFICE RENT 450.00 450.00 450.OD UTILITIES 50.00 50.00 50.00 TELEPHONE 200.00 200.00 200.00 OFFICE SUPPLIES 150.00 150.00 150.00 OFFICE RQUIP 125.00 125.00 125.00 - POSTAGE 100.OD 100.00 25.00 BANK CHARGE 15.00 15.00 15.00 MEETINGS/CONF 50.00 100.00 50.00 PROF. SERVICES 105.00 80.00 605.00 ... Total office expenses _____________ 1,245.00 _____________ 1,270.00 _____________ 1,670.00 MARKETING/PROMOTION ADVERTISING 1,500.00 1,200.00 10200.00 MARKETING/PROMO 50.00 500.00 0.00 SPECIAL EVENTS . 0.00 0.00 0.00 --- :PROF. SERVICES _. 150.00 100.00-- 0.00 - - PUBL/MEMSSHP 0.00 0.00 200.00 " BUGLE 0.00 600.00 -. O.to TRAVEL - 250.00 0.00 -' -50.00 Total M/D/P expenses ________ 1,950.00 _____ _ ________ 2,400.00 _______ 1,450.00 TOTAL 8,536.00 8,841.00 9,513.00 Checking account balance as of April 1, 1990 $ 28,013.48 Total remaining 'funds in City account (to be collected) : 6,819.71 ------------- $ 34,833.19 - -17- ...