ann arbor downtown development authority meeting minutes
ANN ARBOR DOWNTOWN DEVELOPMENT AUTHORITY MEETING AGENDA Wednesday, May 2, 2012 12:00 noon DDA Offices, 150 S. Fifth Avenue, Ann Arbor, MI 48104 1. Roll Call Newcombe Clark, Russ Collins, Bob Guenzel, Leah Gunn, Roger Hewitt, John Hieftje, Joan Lowenstein, John Mouat, Nader Nassif, Keith Orr, Sandi Smith, John Splitt 2. Audience Participation (4 people maximum, 4 minutes each) Edward Vielmetti
3. Reports from City Boards and Commissions Ray Detter, Downtown Area Citizens Advisory Council 4. Communications from DDA Members 5. Approval of Minutes:
April 4, 2012 DDA monthly meeting
6. Subcommittee Reports a. Bricks/Money/Transportation Committee –R.Hewitt, J. Splitt, J. Mouat March 2012 parking revenues Resolution Authorizing the Committee to Develop a TDM Framework to Manage Campus-Area Parking Demand Construction updates Next Committee meeting: Wednesday, May 30 at 11am b.
Partnerships/Economic Development Committee – S. Smith, J. Lowenstein 618 S. Main Street request – status Draft DDA Brownfield Grant Policy Connecting William Street project - status Next Committee meeting: Wednesday, May 9 at 9am
7. Other DDA business matters 8. Other Audience Participation (4 minutes each) 9. Adjournment
ANN ARBOR DOWNTOWN DEVELOPMENT AUTHORITY MEETING MINUTES Wednesday, April 4, 2012 DDA Office, 150 S. Fifth Avenue, Ann Arbor, MI 48104 Place: Time: 1.
DDA Office, 150 S. Fifth Avenue, Suite 301, Ann Arbor, 48104 Mr. Guenzel called the meeting to order at 12:00 p.m. ROLL CALL
Present:
Robert Guenzel, Leah Gunn, Joan Lowenstein, John Mouat, Nader Nassif, Keith Orr, Sandi Smith, John Splitt
Absent:
Newcombe Clark, Russ Collins, Roger Hewitt, John Hieftje
Staff Present:
Susan Pollay, Executive Director Joe Morehouse, Deputy Director Amber Miller, Planning & Research Specialist Jada Hahlbrock, Management Assistant
Audience:
Dave Askins, Ann Arbor Chronicle George Stankow Ayeshen Usmani Art Low, Republic Parking System Andrew Cluley, WEMU Ryan Stanton, A2.com Ray Detter, Downtown Area Citizens Advisory Committee Josie Parker, Ann Arbor District Library Sabre Briere, AA City Council
2.
AUDIENCE PARTICIPATION
None 3.
REPORTS FROM CITY BOARDS AND COMMISSIONS
Downtown Area Citizens Advisory Council. Mr. Detter said that Ms. Pollay provided CAC with a summary of Connecting William Street survey results. The CAC hopes that that the project will lead to increased downtown vitality and more residential housing. Ms. Pollay also reviewed the ways various agencies have been involved with supporting transportation system improvements. The CAC believes that more and better transportation choices are part of the future success of downtown. Much of the meeting was spent in discussion about the request by the developer of 618 S. Main Street to the DDA for funding assistance. The CAC supports the project, but also supports and respects careful and consistent planning. Mr. Detter shared some examples in the past when the DDA partnered with developers as a way to encourage important downtown goals. The CAC feels that any decisions the DDA makes should be based upon the principles they have always supported, be consistent and not set any unfair precedent. The next CAC meeting will take place on May 1st at 7pm.
DDA Board Meeting Minutes April 4, 2012 Page 2
4.
COMMUNICATIONS FROM DDA MEMBERS
None 5.
APPROVAL OF MINUTES
Ms. Gunn moved and Mr. Mouat seconded approval of the March 7, 2012 meeting minutes. A vote on the motion showed: AYES: Guenzel, Gunn, Lowenstein, Mouat, Nassif, Orr, Smith, Split NAYS: none Absent: Clark, Collins, Hewitt, Hieftje The motion carried. 6. BRICKS & MONEY/ TRANSPORTATION COMMITTEE Transportation. Mr. Mouat said that the proposed bike-sharing program appears likely to receive CMAQ (Congestion Mitigation and Air Quality) grant funding, and is anticipated to launch in April 2013. The DDA, the University of Michigan and the City are all partners in the project; the DDA commitment is an in-kind contribution of staff time and possibly storage space. Parking Report. Mr. Splitt shared that February parking revenues were up 16% and patrons were up 5%. Mild weather may have encouraged more activity downtown. Budget. Mr. Splitt said that the DDA will present its proposed FY 2012/13 budget at a Council work session on April 9th. Mr. Hewitt will make the presentation and all are invited to attend. New Structure. Mr. Splitt reported that all wall pours are now complete, and surface water proofing has begun. The elevators have been installed. Interior painting will begin soon. The schedule shows Fifth Avenue open by Memorial Day, and the garage opening in late June or early July. The next Bricks & Money/ Transportation committee meeting will take place April 25th at 11:00am. 7. PARTNERSHIPS/ ECONOMIC DEVELOPMENT COMMITTEE 618 S Main Request. Ms. Smith said that Dan Kettlaar attended the Partnerships meeting to provide an overview of his project, and to renew his request that the DDA provide the local match for his Brownfield grant application. The project is a residential development aimed at young professionals, and Mr. Ketelaar has urged DDA support saying that it will activate this section of S. Main Street. The discussion was continued at a special Partnerships meeting on March 28th to enable DDA members to more thoroughly review project financial details. Ms. Smith said that the process will continue at the next Partnerships Committee meeting. All are welcomed to attend. Connecting William Street. Ms. Lowenstein reported that at the last LOC meeting survey results were discussed. Respondents expressed a clear desire for a more vibrant sidewalk experience in the William Street area, with attention to building quality and design, economic development, housing and open/ plaza space. The DDA is partnering with Concentrate to host a speaker series. The first event was on March 29th at which Dan Gilmartin, Michigan Municipal League, spoke about how a sense of place is an essential ingredient of vibrant downtowns. The session was very well attended.
DDA Board Meeting Minutes April 4, 2012 Page 3
The next speaker event will be on April 19th at 5:30 at Conor O’Neills, and will focus on successful downtown open space, parks, and plazas. Ms. Lowenstein explained that as part of the project economist Todd Poole (4ward Planning) had been in Ann Arbor to conduct a number of interviews and collect information for the market analysis he is preparing. The information he provides, along with the survey results and focus group meetings, will be used to create the scenarios we will present to and explore with the community. Downtown Marketing Taskforce. Ms. Lowenstein said that a Taskforce subcommittee has been working on a solution to replace the banner wires that used to span Main Street. Many non-profits use banners as event promotion, so Ms. Pollay, City staff and several City Council members worked quickly to find a possible solution, which would replace two sets of light poles with taller poles from which banner wires could be hung across the street. The approximate cost is $12,000/site, and the Main Street Area Association and Main Street BIZ may provide funding. Mr. Mouat asked how many total banner wire locations there are in downtown; Ms. Lowenstein said there are seven. Ms. Pollay explained that no one is quite certain when or by whom the wires were installed. Ms. Lowenstein asked if there would be an increased fee to install the banners; Ms. Pollay said yes, the fee increase would be used to reimburse the capital costs. Ms. Lowenstein said that the Taskforce is also working on solutions to address the problem of downtown panhandling. The area associations are working with Dawn Farm to create an informational poster, postcards, and website, with the goal of educating the public about how they can best assist those in need. Staff from the Washtenaw County PORT program attended the meeting to share information about their outreach efforts and the services they provide individuals with severe mental illness. Interim Police Chief Seto discussed downtown patrols. Everyone was encouraged by the cooperation of all involved, and positive outcomes are expected. The next Partnerships/ Economic Development committee meeting will take place April 11th at 9am. 8. None 9. None
OTHER DDA BUSINESS
OTHER AUDIENCE PARTICIPATION
10. ADJOURNMENT There being no other business, Ms. Gunn moved and Mr. Mouat seconded a motion to adjourn. Mr. Guenzel declared the meeting adjourned at 12:26 pm. Respectfully submitted, Susan Pollay, Executive Director
Ann Arbor Downtown Development Authority Financial Report and End of Year Projections Summary As of March 31, 2012, End of the Third Quarter (Unaudited) Y/E Anticipated Budget Over budget Year End (Under budget) $3,928,906 Under budget
% Amount Difference Reasons ($208,906) (5.32%) TIF Capture was less than estimated
TIF Income
Y-T-D $3,710,854
Budget Anticipated at Y-T-D Year End $3,920,165 $3,720,000
Operating Expenses
$2,234,288
$1,753,633
$4,162,522
$4,410,338 Under budget
($247,816)
$45,606
$763,385
$1,000,000
$1,017,847 Under budget
($17,847)
(1.75%)
Net Expenses
$2,279,894
$2,517,018
$5,162,522
$5,428,185 Under budget
($265,663)
(4.89%)
Net Excess of Revenue Over Expenditures
$1,430,960
$1,403,147
Capital Expenses
Parking Income
($1,442,522) ($1,499,279) Over budget
Y/E Anticipated Budget Anticipated at Budgeted Over budget Y-T-D Y-T-D Year End Year End (Under budget) $12,721,318 $12,449,521 $16,961,757 $16,162,752 Over budget
(5.62%) Prof. Srvcs. And Admin Exp. Lower
$56,757
% Difference Difference $799,005 4.94%
Operating Expenses
$5,210,828
$5,968,359
$7,813,857
$7,487,994 Over budget
$325,863
Direct Parking Expenses
$5,577,105
$6,110,086
$8,172,015
$8,993,812 Under budget
($821,797)
(9.14%)
$15,985,871 $16,481,806 Under budget
($495,935)
(3.01%)
Net Expenses Net Excess of Revenue Over Expenditures
Parking Maint. Fund Income
$10,787,933 $12,078,445
$1,933,385
Y-T-D
$371,076
Budget Y-T-D
$975,886
Anticipated at Year End
($319,054) Over budget
Budgeted Year End
Y/E Anticipated Over budget (Under budget)
$19,251
$2,012,033
$2,025,668
Maintenance Expenses
$9,599
$1,411,425
$300,000
$1,881,900 Under budget
Net Excess of Revenue Over Expenditures
$9,652
$600,608
$1,725,668
$134,144 Under budget
Housing
Y-T-D
Budget Y-T-D
Anticipated at Year End
$2,016,044 Over budget
Budgeted Year End
Y/E Anticipated Over budget (Under budget)
Reasons
4.35%
$1,294,940
Difference
% Difference
$9,624
0.48%
($1,581,900)
Reasons
(84.06%) Facilities Maint. Underspent
$1,591,524
Difference
Income
$8,444
$8,174
$11,259
$10,899 Over budget
$360
Operating Expenses
$1,924
$1,500
$2,565
$502,000 Under budget
($499,435)
Net Excess of Revenue Over Expenditures
$6,520
$6,674
$8,693
($491,101) Under budget
$499,794
% Difference
Reasons
3.30% Interest Rates (99.49%) Avalon Grant Not Expected to be Paid by Y/E
Ann Arbor DDA Graph of Actual to Y/E Budget 3rd Qtr FY 2012 Millions $0
$2
$4
TIF
Income
Parking Parking Maint
$10
$12
$14
4.5%
78.7%
Operating Expenses
Interfund Transfer Has Not Been Completed
69.6%
City Payment for 3rd Qtr. Has Not Yet Calculated or Paid
62.0%
Income
Interfund Transfer Has Not Been Completed
1.0%
Maintenance Expenses
0.5%
77.5% Actual
Operating Expenses
$18
Bond Pmts and Grants
Income
Income
$16
50.7%
Direct Parking Expenses
Housing
$8 94.5%
Operating Expenses Capital Expenses
$6
Comments
0.4%
Budget
% of Budget
Interest Near North Grant Has Not Been Paid.
Ann Arbor Downtown Development Authority TIF Fund Balance Sheet 3rd Qtr FY 2012
Actual
Assets Cash Investments Accounts Receivable Interfund Receivables Total Assets
($2,688,615) $7,067,806 $248,386 $2,087,372 $6,714,950
Liabilities and Equity Liabilitites Accounts Payable Total
$238,448 $238,448
Equity Current Years Fund Balance
$1,430,959
Prior Years Fund Balance
$5,045,543
Total Total Liabilities and Equity
$6,476,502 $6,714,950
Ann Arbor Downtown Development Authority TIF Fund Income Statement For the Period Ending March 31, 2012
Actual
Budget
Difference
%
Y-T-D Act.
Y-T-D Bud.
Diff.
%
Total Budget
REVENUES $88,533
$0
$88,533
0.00%
$3,567
$8,741
($5,174)
(59.19%)
$19,480
$0
$19,480
0.00%
$111,580
$8,741
$102,839
$3,630,589
$3,893,943
($263,354)
(6.76%)
$3,893,943
Interest Income
Tax Revenue
$14,596
$26,222
($11,627)
(44.34%)
$34,963
Miscellaneous Income
$65,669
$0
$65,669
0.00%
$3,710,854
$3,920,165
($209,312)
(5.34%)
$3,928,906
Permanent Salaries
$101,390
$103,436
$2,046
(1.98%)
$137,915
Temporary Salaries
$1,703
$7,500
$5,797
(77.30%)
$10,000
1176.55% Total Revenues
$0
EXPENSES $36,891
$34,479
($2,413)
$0
$2,500
$2,500
(100.00%)
7.00%
$20,857
$21,942
$1,085
(4.95%)
Employee Fringe Benefits
$54,431
$65,825
$11,394
(17.31%)
$87,767
$15,711
$30,252
$14,541
(48.07%)
Administrative Expenses
$58,892
$123,256
$64,364
(52.22%)
$152,258
Professional Services
$27,952
$116,250
$88,298
(75.96%)
$155,000
$9,458
$26,250
$16,792
(63.97%)
$35,000
$72,518
$78,750
$6,232
(7.91%)
$105,000
$2,367
$38,750
$36,383
(93.89%)
$11,133
$8,750
($2,383)
27.23%
$9,172
$26,250
$17,078
(100.00%)
Insurance General Maintenance Expenses
$39,277
$48,689
$9,411
(19.33%)
Grants
$15,565
$254,462
$238,897
(93.88%)
Capital Costs
0.00%
Bond Payments
$337,925
$608,608
$270,683
(44.48%)
$608,608
$45,606
$763,385
$717,779
(94.03%)
$1,017,847
($946,262)
151.70%
$663,125
$0
($663,125)
$1,570,020
$623,758
$814,098
$466,073
($348,025)
74.67% Total
$2,279,894
$2,517,018
$237,124
(9.42%)
$5,428,185
$3,118,790
($702,518)
($457,332)
($245,186)
53.61% NET SURPLUS/(DEFICIT)
$1,430,959
$1,403,147
$27,813
1.98%
($1,499,279)
Ann Arbor Downtown Development Authority Housing Fund Balance Sheet 3rd Quarter FY 2012
Actual
Assets Investments Total Assets
$1,078,959 $1,078,959
Liabilities and Equity Liabilitites Interfund Payables Total
$722 $722
Equity Current Years Fund Balance Prior Years Fund Balance Total Total Liabilities and Equity
$6,520 $1,071,717 $1,078,237 $1,078,959
Ann Arbor Downtown Development Authority Housing Fund Income Statement For the Quarter Ending March 31, 2012
Actual
Budget
Difference
%
Y-T-D Act.
Y-T-D Bud.
Diff.
%
Total Budget
REVENUES $5,431
$2,725
$2,706
99.31%
Interest Income
$5,431
$2,725
$2,706
99.31% Total Revenues
$8,444
$8,174
$269
3.30%
$10,899
$8,444
$8,174
$269
3.30%
$10,899
$1,924
$1,500
($424)
28.26%
$2,000
$0
$0
0.00%
$500,000
$1,924
$1,500
($424)
28.26%
$502,000
$6,520
$6,674
($154)
(2.31%)
($491,101)
EXPENSES $721
$500
$0
$0
$721
$500
$4,710
$2,225
($221) $0 ($221)
$2,485
44.27% 0.00%
Administrative Expenses Grants
44.27% Total
111.68% NET SURPLUS/(DEFICIT)
$0
Ann Arbor Downtown Development Authority Parking Fund Balance Sheet 3rd Quarter FY 2012
Actual
Assets Cash
$265,736
Investments
$4,417,926
Accounts Receivable
$1,150,949
Total Assets
$5,834,611
Liabilities and Equity Liabilitites Accounts Payable
$1,754,256
Interfund Payables
$2,042,150
Total
$3,796,406
Equity Current Years Fund Balance Prior Years Fund Balance Total Total
$1,933,385 $104,820 $2,038,205 $5,834,611
Ann Arbor Downtown Development Authority Parking Fund Income Statement For the Quarter Ending March 31, 2012 Actual
Budget
Difference
%
Y-T-D Act.
Y-T-D Bud.
Diff.
%
Total Budget
REVENUES $0
$0
$0
0.00%
1st & Washington Parking Revenue
$637,475
$619,854
$17,620
2.84%
Maynard Parking Revenue
$240,331
$209,782
$30,550
14.56%
4th & Washington Parking Revenue
$698,701
$664,308
$34,393
5.18%
$359,763
$367,555
($7,792)
(2.12%)
Forest Avenue Parking Revenue
$1,059,676
$1,163,925
($104,249)
(8.96%)
$1,511,081
$654,776
$575,115
$79,661
13.85%
4th & William Parking Revenue
$1,982,775
$1,821,197
$161,578
8.87%
$2,364,392
$403,678
$341,761
$61,917
18.12%
Liberty Square Parking Revenue
$1,200,803
$1,082,243
$118,560
10.96%
$1,405,036
$451,602
$417,965
$33,637
8.05%
Ann Ashley Parking Revenue
$1,358,477
$1,323,557
$34,920
2.64%
$1,718,325
$145,891
$113,793
$32,098
28.21%
Kline Lot Parking Revenue
$431,146
$360,345
$70,802
19.65%
$467,822
$203,080
$193,189
$9,891
5.12%
1st & Huron Parking Revenue
$599,976
$611,766
($11,790)
(1.93%)
$794,233
$29,461
$27,464
$1,996
7.27%
5th & Huron Parking Revenue
$87,211
$86,970
$241
0.28%
$112,910
$36,478
$29,255
$7,223
24.69%
1st & William Parking Revenue
$105,649
$92,641
$13,008
14.04%
$120,273
$5,925
$0
$5,925
0.00%
$114,945
$120,434
($5,490)
(4.56%)
($145) $41,179
$0
($145)
0.00%
Fingerle Lot 415 W. Washington
$38,032
$3,147
8.27%
$59,842
$69,951
($10,109)
(14.45%)
$871,376
$819,241
$52,135
6.36%
Fifth & William
$97,905
$108,470
($10,565)
(9.74%)
$6,302
$0
$6,302
0.00%
Interest Earned
$89,680
$0
$89,680
0.00%
Miscellaneous Revenue
$4,328,675
$3,931,428
$397,247
$35,645
$0
$1,871,488
$1,962,872
$35,645
0.00%
($91,384)
(4.66%)
$0 $2,548,324 $862,447
$0 $156,355
$178,938
$221,513
($42,575)
(19.22%)
$287,582
$2,534,262
$2,594,263
($60,001)
(2.31%)
$3,368,035
$339,360
$343,487
($4,127)
(1.20%)
$445,937
$19,480
$0
$19,480
0.00%
$0
$96,862
$0
$96,862
0.00%
$0
$12,721,318
$12,449,521
$271,797
2.18%
$16,162,752
Permanent Salaries
$101,390
$103,436
$2,046
(1.98%)
$137,915
Temporary Salaries
$1,703
$7,500
$5,797
(77.30%)
$10,000
Parking Meter Revenue Meter Bag Revenue
10.10% Total Revenues EXPENSES
$36,891
$34,479
($2,413)
$0
$2,500
$2,500
(100.00%)
7.00%
$20,857
$21,877
$1,020
(4.66%)
Employee Fringe Benefits
$54,431
$65,630
$11,199
(17.06%)
$87,507
$80,955
$65,726
($15,229)
23.17%
Administrative Expenses
$211,314
$197,177
($14,137)
7.17%
$262,903 $85,000
($2,556)
$21,250
$23,806
(112.03%)
Professional Services
$13,447
$63,750
$50,303
(78.91%)
$17,132
$13,750
($3,382)
24.60%
Insurance
$45,077
$41,250
($3,827)
9.28%
$2,063,915
$2,265,353
(8.89%)
Direct Parking Expenses
$5,577,105
$6,110,086
$134,417
$107,750
($26,667)
24.75%
Utilities
$291,993
$323,250
$31,256
(9.67%)
$431,000
$14,417
$134,514
$120,097
(89.28%)
Grants
$18,980
$2,403,540
$2,384,560
(99.21%)
$2,538,054
$201,438
$306,237
$231,976
($74,261)
32.01%
$1,934,909
$590,542
($1,344,367)
227.65%
$4,607,175
$3,489,717
($1,117,459)
$441,712
($720,212)
($278,500)
$532,981
(8.72%)
$55,000 $8,993,812
Capital Costs
$1,597,964
$695,927
($902,037)
129.62%
$927,903
Bond Payments
$2,874,530
$2,066,898
($807,632)
39.07%
$2,952,712
$10,787,933
$12,078,445
$1,290,512
(10.68%)
$16,481,806
$1,933,385
$371,076
$1,562,309
32.02% Total
(163.05%) NET SURPLUS/(DEFICIT)
421.02%
($319,054)
Ann Arbor Downtown Development Authority Parking Maintenance Fund Balance Sheet 3rd Quarter FY 2012
Actual
Assets Investments Total Assets
$1,895,841 $1,895,841
Liabilities and Equity Liabilitites Interfund Payables Total
$44,500 $44,500
Equity Current Years Fund Balance Prior Years Fund Balance Total Total Liabilities and Equity
$9,653 $1,841,688 $1,851,341 $1,895,841
Ann Arbor Downtown Development Authority Parking Maintenance Fund Income Statement For the Quarter Ending March 31, 2012
Actual
Budget
Difference
%
Y-T-D Act.
Y-T-D Bud.
Diff.
%
Total Budget
REVENUES $6,182
$4,011
$2,171
54.14%
$0
$0
$0
0.00%
$6,182
$4,011
$2,171
Interest Income Transfers from Other Funds
54.14% Total Revenues
$19,251
$12,033
$0
$2,000,000
($2,000,000)
$7,218
(100.00%)
59.99%
$2,000,000
$16,044
$19,251
$2,012,033
($1,992,782)
(99.04%)
$2,016,044
EXPENSES $105
$0
$13,274
$25,000
($9,172)
($105) $11,726
0.00% (46.91%)
Administrative Expenses Professional Services
$0
$9,172
0.00%
$4,424
$57,500
$53,076
(92.31%)
Direct Parking Expenses General Maintenance Expenses
$35,870
$387,975
$352,106
(90.75%)
Capital Costs
$44,500
$470,475
$425,975
(90.54%) Total
($38,318)
($466,464)
$428,146
(91.79%) NET SURPLUS/(DEFICIT)
$105
$0
$23,845
$75,000
($105) $51,155
0.00% (68.21%)
$0
$0
$0
$47,179
$172,500
$125,321
(72.65%)
$230,000
($61,531)
$1,163,925
$1,225,456
(105.29%)
$1,551,900
$9,599
$1,411,425
$1,401,826
(99.32%)
$1,881,900
$9,653
$600,608
(98.39%)
$134,144
($590,955)
0.00%
$0 $100,000 $0
ParkComp Ann Arbor Downtown Development Authority Gross Revenues/ Hourly Patrons March 2012 & March 2011
March 2012 Revenues
March 2011 Hourly Patrons
Revenues
Hourly Patrons
Increase (Decrease) Hourly Revenues Patrons
% Increase (Decrease) Hourly Revenues Patrons
2012 Spaces
2011 Spaces
Revenues: Washington/First Maynard Washington/Fourth Forest Fourth/William Liberty Square Ann/Ashley Kline Lot Huron/Ashley/First Fifth & Huron First & Williams Fingerle Lot 415 W Washington Fifth & Williams Palio Lot Broadway Bridge Main & Ann Farmers Market City Hall Fourth & Catherine Meters Meter Bags Total Revenues
$0 $235,088 $86,441 $131,021 $227,527 $140,009 $157,407 $52,507 $74,151 $9,920 $12,650 $0 $14,753 $22,429 $4,314 $134 $7,216 $282 $388 $6,502 $288,544 $40,900 $1,512,185
0 54,230 25,359 26,509 25,502 9,664 12,171 15,320 24,368
2,003 8,041
203,167
Number of Business Days
2012 2011
27 27
Number of Weekend Days (F & S)
2012 2011
10 8
$10,298 $208,874 $76,613 $116,105 $188,706 $116,674 $136,683 $49,861 $65,931 $11,395 $10,210 $1,700 $13,679 $21,974 $3,777 $146 $5,967 $966 $0 $6,031 $253,868 $35,325 $1,334,782
1,389 53,277 24,724 26,635 24,648 7,656 11,820 15,466 24,453
2,336 8,723
201,127
($10,298) $26,215 $9,828 $14,916 $38,821 $23,335 $20,724 $2,647 $8,220 ($1,475) $2,440 ($1,700) $1,074 $455 $537 ($11) $1,249 ($684) $388 $471 $34,676 $5,575 $177,403
(1,389) 953 635 (126) 854 2,008 351 (146) (85)
(333) (682)
2,040
(100.00%) 12.55% 12.83% 12.85% 20.57% 20.00% 15.16% 5.31% 12.47% (12.94%) (23.90%) (100.00%) 7.85% 2.07% 14.22% (7.73%) 20.93% (70.83%) 7.81% 13.66% 15.78% 13.29%
(100.00%) 1.79% 2.57% (0.47%) 3.46% 26.23% 2.97% (0.94%) (0.35%)
(14.26%) (7.82%)
1.01%
0 805 281 591 994 592 839 134 168 56 112 0 141 134 24 17 45 76 12 49 2,147
64 Lot Closed 11/8/11 805 281 591 994 592 839 134 168 56 112 20 Lot Closed 11/30/11 112 134 24 17 45 76 0 Lot now open to the public 49 1,768
7,217
6,881
ParkComp Ann Arbor Downtown Development Authority Gross Revenues/ Hourly Patrons 3rd Quarter Fiscal Year, 2012 & 3rd Quarter, Fiscal Year 2011
3rd Quarter 2012 Hourly Revenues Patrons
3rd Quarter 2011 Hourly Revenues Patrons
$0 $637,481 $240,331 $359,763 $654,776 $404,938 $451,602 $145,891 $203,080 $29,465 $36,478 $0 $41,179 $59,842 $11,834 $479 $21,084 $3,440 $1,180 $19,517 $813,843 $97,905 $4,234,108
$28,601 $567,811 $208,042 $324,191 $544,878 $310,757 $395,415 $135,249 $181,265 $30,295 $30,108 $4,870 $41,503 $58,642 $9,918 $350 $16,788 $2,624 $63 $16,880 $656,478 $105,255 $3,669,982
Increase (Decrease) Hourly Revenues Patrons
% Increase (Decrease) Hourly Revenues Patrons
Revenues: Washington/First Maynard Washington/Fourth Forest Fourth/William Liberty Square Ann/Ashley Kline Lot Huron/Ashley/First Fifth & Huron First & Williams Fingerle Lot 415 W Washington Fifth & Williams Palio Lot Broadway Bridge Main & Ann Farmers Market City Hall Fourth & Catherine Meters Meter Bags Total Revenues
0 145,902 69,457 71,791 70,679 25,905 33,367 43,189 68,326
5,872 22,208
556,696
Number of Business Days
2012 2011
77 77
Number of Weekend Days (F & S)
2012 2011
26 24
3,614 137,803 66,465 71,229 66,564 20,630 32,047 41,859 66,601
6,797 22,949
536,558
($28,601) $69,670 $32,289 $35,572 $109,898 $94,181 $56,187 $10,642 $21,815 ($830) $6,371 ($4,870) ($324) $1,200 $1,916 $130 $4,297 $816 $1,117 $2,636 $157,365 ($7,350) $564,126
(3,614) 8,099 2,992 562 4,115 5,275 1,320 1,330 1,725
(925) (741)
20,138
(100.00%) 12.27% 15.52% 10.97% 20.17% 30.31% 14.21% 7.87% 12.04% (2.74%) 21.16% (100.00%) (0.78%) 2.05% 19.32% 37.06% 25.59% 31.08% 1783.00% 15.62% 23.97% (6.98%) 15.37%
(100.00%) 5.88% 4.50% 0.79% 6.18% 25.57% 4.12% 3.18% 2.59%
(13.61%) (3.23%)
3.75%
ParkComp Ann Arbor Downtown Development Authority Gross Revenues/ Hourly Patrons 9 Months Ending 3/31/12 & 9 Months Ending 3/31/11
1st 3 Quarters 2012 Hourly Revenues Patrons
1st 3 Quarters 2011 Hourly Revenues Patrons
Increase (Decrease) Hourly Revenues Patrons
% Increase (Decrease) Hourly Revenues Patrons
Revenues: Washington/First Maynard Washington/Fourth Forest Fourth/William Liberty Square Ann/Ashley Kline Lot Huron/Ashley/First Fifth & Huron First & Williams Fingerle Lot 415 W Washington Fifth & Williams Palio Lot Broadway Bridge Main & Ann Farmers Market City Hall Fourth & Catherine Meters Meter Bags Total Revenues
$35,645 22,874 $89,315 $1,871,794 433,147 $1,638,092 $698,721 201,423 $624,538 $1,059,676 205,747 $994,923 $1,982,775 222,596 $1,689,339 $1,202,063 73,747 $1,057,849 $1,358,477 103,442 $1,216,676 $431,146 130,502 $402,491 $599,976 199,298 $550,655 $87,215 $86,025 $105,649 $91,895 $6,070 $14,032 $160,274 49,818 $176,561 $133,608 34,137 $139,658 $31,725 $29,050 $1,683 $1,357 $56,519 $56,218 $9,342 $6,068 $2,223 $543 $58,245 $60,365 $2,374,525 0 $2,055,144 $339,060 0 $354,465 $12,606,412 1,676,731 $11,335,258
Number of Business Days
2012 2011
232 233
Number of Weekend Days (F & S)
2012 2011
79 75
11,967 415,858 198,945 207,240 205,157 57,691 99,273 130,544 195,043
56,660 34,519
0 0 1,612,897
($53,670) $233,702 $74,183 $64,753 $293,436 $144,215 $141,801 $28,655 $49,321 $1,190 $13,754 ($7,962) ($16,287) ($6,050) $2,675 $326 $300 $3,274 $1,680 ($2,120) $319,381 ($15,405) $1,271,154
10,907 17,289 2,478 (1,493) 17,439 16,056 4,169 (42) 4,255
(6,842) (382)
63,834
(60.09%) 14.27% 11.88% 6.51% 17.37% 13.63% 11.65% 7.12% 8.96% 1.38% 14.97% (56.74%) (9.22%) (4.33%) 9.21% 24.02% 0.53% 53.96% 309.24% (3.51%) 15.54% (4.35%) 11.21%
91.14% 4.16% 1.25% (0.72%) 8.50% 27.83% 4.20% (0.03%) 2.18%
(12.08%) (1.11%)
3.96%
RESOLUTION AUTHORIZING THE DDA BRICKS/MONEY & TRANSPORTATION COMMITTEE TO DEVELOP AND IMPLEMENT A DEMAND MANAGEMENT FRAMEWORK TO BETTER MANAGE CAMPUS-AREA PARKING DEMAND
Whereas, The DDA takes a careful, measured implementation approach to parking changes to ensure downtown remains attractive to an array of downtown users; Whereas, This concept of using Demand Management was a central element in the DDA’s 2010 Public Parking & Transportation Demand Management Strategies Plan, which set forward an approach “using both discounted and premium pricing as a tool to provide more parking choices and information so as to extend parking usage more broadly throughout the public parking system.” Whereas, The DDA Bricks/Money & Transportation Committee reviews parking demand data throughout the DDA parking system on a monthly basis and have been tracking the very strong demand for parking in the UM campus area which will likely be exacerbated in the near future due to the construction of several large new mixed use developments bringing even more new residents to the State Street area in the next year; Whereas, The new Library Lane parking structure will be opening this summer, and will provide much-needed capacity to the public parking system; Whereas, The Bricks/Money & Transportation Committee has been considering strategies to extend campus-area parking demand two blocks west to the new Library Lane parking structure, and has determined that the best means would be to adjust monthly parking permit rates so that patrons can choose the parking location that best meets their need for convenient or lower cost parking arrangements; RESOLVED, The Bricks/Money & Transportation Committee is authorized to utilize demand management strategies and adjust monthly parking permit rates to expand campus-area parking in a broader expanse.
RES Parking Change TDM 050212.doc May 2, 2012
Draft – 050212
ANN ARBOR DDA POLICY REGARDING GRANT REQUESTS FOR BROWNFIELD OR OTHER STATE OF MICHIGAN PROGRAMS REQUIRING A LOCAL MATCH Ann Arbor DDA Brownfield Policy Specifics
The A2 DDA mission is to spark private reinvestment within its DDA District and strengthen the downtown.
The DDA always refers to its mission and its Development Plan when considering any grant request to be used as a local match for a State of Michigan incentive program. It is the goal of the DDA to promote the economic growth and development of properties within its DDA District by private investment. The DDA Development Plan also sets forward important DDA values, such as walkability, sustainability, mix of downtown uses and demographics, and downtown Ann Arbor’s unique identity.
An important way for the DDA to accomplish its mission is to provide a DDA grant as the local match to support State-eligible projects in the DDA District because the DDA’s participation could help downtown developers leverage state funds.
The DDA would be particularly interested in supporting eligible projects that have the clear potential to encourage or trigger other private tax-generating new development in the immediate vicinity. This can be defined as nearby properties that are within the DDA District, privately owned, not located in an historic district, and have not had significant public or private investment in the past ten years.
The DDA will not forgo its TIF capture from a project; the DDA may elect to provide a grant to a project utilizing its funds, or it may elect to provide all or some of its support using such in-kind elements as access to parking for contractors or construction staging.
To support a State-eligible project, the DDA will only invest in the eligible infrastructure that would benefit not only the proposed project, but also a larger public good. By way of example, this may include streetscape improvements including street furniture, upsizing water, storm or sewer mains, creating a concrete pad for a new trash compactor or electrical transformer to serve a larger area, or fire hydrants.
When contemplating a possible local matching grant award, the maximum grant the DDA may consider will be calculated by estimating 25% of the total TIF captured by a project over ten years. The DDA is particularly eager to support projects that address a current gap in the marketplace.
The DDA grant will be paid out over time, and the amount released will at no point be greater than the amount of new TIF paid by the developer of the new project. The DDA
Draft – 050212
reserves the right to adjust the amount of each portion of this grant to best benefit the DDA’s budget and other considerations.
In the event of a sale or transfer of the development, the DDA’s grant may be assigned to the new owner of the property upon prior written consent of the DDA, provided, however, that the project has not been substantially modified since the time of the DDA’s grant approval.
The DDA’s grant will automatically expire by June 30th at the end of the fiscal year following the fiscal year the grant was approved by the DDA if project construction has not begun. The DDA grant will automatically expire by June 30th at the end of the fifth fiscal year following the fiscal year the grant was approved by the DDA if construction has not been completed.
Policy Changes The DDA reserves the right to modify these Brownfield Grant guidelines at any time and without notice. The DDA reserves the right to eliminate its Brownfield Grant program at any time and without notice.
3. Reports from City Boards and Commissions Ray Detter, Downtown Area Citizens Advisory Council 4. Communications from DDA Members 5. Approval of Minutes:
April 4, 2012 DDA monthly meeting
6. Subcommittee Reports a. Bricks/Money/Transportation Committee –R.Hewitt, J. Splitt, J. Mouat March 2012 parking revenues Resolution Authorizing the Committee to Develop a TDM Framework to Manage Campus-Area Parking Demand Construction updates Next Committee meeting: Wednesday, May 30 at 11am b.
Partnerships/Economic Development Committee – S. Smith, J. Lowenstein 618 S. Main Street request – status Draft DDA Brownfield Grant Policy Connecting William Street project - status Next Committee meeting: Wednesday, May 9 at 9am
7. Other DDA business matters 8. Other Audience Participation (4 minutes each) 9. Adjournment
ANN ARBOR DOWNTOWN DEVELOPMENT AUTHORITY MEETING MINUTES Wednesday, April 4, 2012 DDA Office, 150 S. Fifth Avenue, Ann Arbor, MI 48104 Place: Time: 1.
DDA Office, 150 S. Fifth Avenue, Suite 301, Ann Arbor, 48104 Mr. Guenzel called the meeting to order at 12:00 p.m. ROLL CALL
Present:
Robert Guenzel, Leah Gunn, Joan Lowenstein, John Mouat, Nader Nassif, Keith Orr, Sandi Smith, John Splitt
Absent:
Newcombe Clark, Russ Collins, Roger Hewitt, John Hieftje
Staff Present:
Susan Pollay, Executive Director Joe Morehouse, Deputy Director Amber Miller, Planning & Research Specialist Jada Hahlbrock, Management Assistant
Audience:
Dave Askins, Ann Arbor Chronicle George Stankow Ayeshen Usmani Art Low, Republic Parking System Andrew Cluley, WEMU Ryan Stanton, A2.com Ray Detter, Downtown Area Citizens Advisory Committee Josie Parker, Ann Arbor District Library Sabre Briere, AA City Council
2.
AUDIENCE PARTICIPATION
None 3.
REPORTS FROM CITY BOARDS AND COMMISSIONS
Downtown Area Citizens Advisory Council. Mr. Detter said that Ms. Pollay provided CAC with a summary of Connecting William Street survey results. The CAC hopes that that the project will lead to increased downtown vitality and more residential housing. Ms. Pollay also reviewed the ways various agencies have been involved with supporting transportation system improvements. The CAC believes that more and better transportation choices are part of the future success of downtown. Much of the meeting was spent in discussion about the request by the developer of 618 S. Main Street to the DDA for funding assistance. The CAC supports the project, but also supports and respects careful and consistent planning. Mr. Detter shared some examples in the past when the DDA partnered with developers as a way to encourage important downtown goals. The CAC feels that any decisions the DDA makes should be based upon the principles they have always supported, be consistent and not set any unfair precedent. The next CAC meeting will take place on May 1st at 7pm.
DDA Board Meeting Minutes April 4, 2012 Page 2
4.
COMMUNICATIONS FROM DDA MEMBERS
None 5.
APPROVAL OF MINUTES
Ms. Gunn moved and Mr. Mouat seconded approval of the March 7, 2012 meeting minutes. A vote on the motion showed: AYES: Guenzel, Gunn, Lowenstein, Mouat, Nassif, Orr, Smith, Split NAYS: none Absent: Clark, Collins, Hewitt, Hieftje The motion carried. 6. BRICKS & MONEY/ TRANSPORTATION COMMITTEE Transportation. Mr. Mouat said that the proposed bike-sharing program appears likely to receive CMAQ (Congestion Mitigation and Air Quality) grant funding, and is anticipated to launch in April 2013. The DDA, the University of Michigan and the City are all partners in the project; the DDA commitment is an in-kind contribution of staff time and possibly storage space. Parking Report. Mr. Splitt shared that February parking revenues were up 16% and patrons were up 5%. Mild weather may have encouraged more activity downtown. Budget. Mr. Splitt said that the DDA will present its proposed FY 2012/13 budget at a Council work session on April 9th. Mr. Hewitt will make the presentation and all are invited to attend. New Structure. Mr. Splitt reported that all wall pours are now complete, and surface water proofing has begun. The elevators have been installed. Interior painting will begin soon. The schedule shows Fifth Avenue open by Memorial Day, and the garage opening in late June or early July. The next Bricks & Money/ Transportation committee meeting will take place April 25th at 11:00am. 7. PARTNERSHIPS/ ECONOMIC DEVELOPMENT COMMITTEE 618 S Main Request. Ms. Smith said that Dan Kettlaar attended the Partnerships meeting to provide an overview of his project, and to renew his request that the DDA provide the local match for his Brownfield grant application. The project is a residential development aimed at young professionals, and Mr. Ketelaar has urged DDA support saying that it will activate this section of S. Main Street. The discussion was continued at a special Partnerships meeting on March 28th to enable DDA members to more thoroughly review project financial details. Ms. Smith said that the process will continue at the next Partnerships Committee meeting. All are welcomed to attend. Connecting William Street. Ms. Lowenstein reported that at the last LOC meeting survey results were discussed. Respondents expressed a clear desire for a more vibrant sidewalk experience in the William Street area, with attention to building quality and design, economic development, housing and open/ plaza space. The DDA is partnering with Concentrate to host a speaker series. The first event was on March 29th at which Dan Gilmartin, Michigan Municipal League, spoke about how a sense of place is an essential ingredient of vibrant downtowns. The session was very well attended.
DDA Board Meeting Minutes April 4, 2012 Page 3
The next speaker event will be on April 19th at 5:30 at Conor O’Neills, and will focus on successful downtown open space, parks, and plazas. Ms. Lowenstein explained that as part of the project economist Todd Poole (4ward Planning) had been in Ann Arbor to conduct a number of interviews and collect information for the market analysis he is preparing. The information he provides, along with the survey results and focus group meetings, will be used to create the scenarios we will present to and explore with the community. Downtown Marketing Taskforce. Ms. Lowenstein said that a Taskforce subcommittee has been working on a solution to replace the banner wires that used to span Main Street. Many non-profits use banners as event promotion, so Ms. Pollay, City staff and several City Council members worked quickly to find a possible solution, which would replace two sets of light poles with taller poles from which banner wires could be hung across the street. The approximate cost is $12,000/site, and the Main Street Area Association and Main Street BIZ may provide funding. Mr. Mouat asked how many total banner wire locations there are in downtown; Ms. Lowenstein said there are seven. Ms. Pollay explained that no one is quite certain when or by whom the wires were installed. Ms. Lowenstein asked if there would be an increased fee to install the banners; Ms. Pollay said yes, the fee increase would be used to reimburse the capital costs. Ms. Lowenstein said that the Taskforce is also working on solutions to address the problem of downtown panhandling. The area associations are working with Dawn Farm to create an informational poster, postcards, and website, with the goal of educating the public about how they can best assist those in need. Staff from the Washtenaw County PORT program attended the meeting to share information about their outreach efforts and the services they provide individuals with severe mental illness. Interim Police Chief Seto discussed downtown patrols. Everyone was encouraged by the cooperation of all involved, and positive outcomes are expected. The next Partnerships/ Economic Development committee meeting will take place April 11th at 9am. 8. None 9. None
OTHER DDA BUSINESS
OTHER AUDIENCE PARTICIPATION
10. ADJOURNMENT There being no other business, Ms. Gunn moved and Mr. Mouat seconded a motion to adjourn. Mr. Guenzel declared the meeting adjourned at 12:26 pm. Respectfully submitted, Susan Pollay, Executive Director
Ann Arbor Downtown Development Authority Financial Report and End of Year Projections Summary As of March 31, 2012, End of the Third Quarter (Unaudited) Y/E Anticipated Budget Over budget Year End (Under budget) $3,928,906 Under budget
% Amount Difference Reasons ($208,906) (5.32%) TIF Capture was less than estimated
TIF Income
Y-T-D $3,710,854
Budget Anticipated at Y-T-D Year End $3,920,165 $3,720,000
Operating Expenses
$2,234,288
$1,753,633
$4,162,522
$4,410,338 Under budget
($247,816)
$45,606
$763,385
$1,000,000
$1,017,847 Under budget
($17,847)
(1.75%)
Net Expenses
$2,279,894
$2,517,018
$5,162,522
$5,428,185 Under budget
($265,663)
(4.89%)
Net Excess of Revenue Over Expenditures
$1,430,960
$1,403,147
Capital Expenses
Parking Income
($1,442,522) ($1,499,279) Over budget
Y/E Anticipated Budget Anticipated at Budgeted Over budget Y-T-D Y-T-D Year End Year End (Under budget) $12,721,318 $12,449,521 $16,961,757 $16,162,752 Over budget
(5.62%) Prof. Srvcs. And Admin Exp. Lower
$56,757
% Difference Difference $799,005 4.94%
Operating Expenses
$5,210,828
$5,968,359
$7,813,857
$7,487,994 Over budget
$325,863
Direct Parking Expenses
$5,577,105
$6,110,086
$8,172,015
$8,993,812 Under budget
($821,797)
(9.14%)
$15,985,871 $16,481,806 Under budget
($495,935)
(3.01%)
Net Expenses Net Excess of Revenue Over Expenditures
Parking Maint. Fund Income
$10,787,933 $12,078,445
$1,933,385
Y-T-D
$371,076
Budget Y-T-D
$975,886
Anticipated at Year End
($319,054) Over budget
Budgeted Year End
Y/E Anticipated Over budget (Under budget)
$19,251
$2,012,033
$2,025,668
Maintenance Expenses
$9,599
$1,411,425
$300,000
$1,881,900 Under budget
Net Excess of Revenue Over Expenditures
$9,652
$600,608
$1,725,668
$134,144 Under budget
Housing
Y-T-D
Budget Y-T-D
Anticipated at Year End
$2,016,044 Over budget
Budgeted Year End
Y/E Anticipated Over budget (Under budget)
Reasons
4.35%
$1,294,940
Difference
% Difference
$9,624
0.48%
($1,581,900)
Reasons
(84.06%) Facilities Maint. Underspent
$1,591,524
Difference
Income
$8,444
$8,174
$11,259
$10,899 Over budget
$360
Operating Expenses
$1,924
$1,500
$2,565
$502,000 Under budget
($499,435)
Net Excess of Revenue Over Expenditures
$6,520
$6,674
$8,693
($491,101) Under budget
$499,794
% Difference
Reasons
3.30% Interest Rates (99.49%) Avalon Grant Not Expected to be Paid by Y/E
Ann Arbor DDA Graph of Actual to Y/E Budget 3rd Qtr FY 2012 Millions $0
$2
$4
TIF
Income
Parking Parking Maint
$10
$12
$14
4.5%
78.7%
Operating Expenses
Interfund Transfer Has Not Been Completed
69.6%
City Payment for 3rd Qtr. Has Not Yet Calculated or Paid
62.0%
Income
Interfund Transfer Has Not Been Completed
1.0%
Maintenance Expenses
0.5%
77.5% Actual
Operating Expenses
$18
Bond Pmts and Grants
Income
Income
$16
50.7%
Direct Parking Expenses
Housing
$8 94.5%
Operating Expenses Capital Expenses
$6
Comments
0.4%
Budget
% of Budget
Interest Near North Grant Has Not Been Paid.
Ann Arbor Downtown Development Authority TIF Fund Balance Sheet 3rd Qtr FY 2012
Actual
Assets Cash Investments Accounts Receivable Interfund Receivables Total Assets
($2,688,615) $7,067,806 $248,386 $2,087,372 $6,714,950
Liabilities and Equity Liabilitites Accounts Payable Total
$238,448 $238,448
Equity Current Years Fund Balance
$1,430,959
Prior Years Fund Balance
$5,045,543
Total Total Liabilities and Equity
$6,476,502 $6,714,950
Ann Arbor Downtown Development Authority TIF Fund Income Statement For the Period Ending March 31, 2012
Actual
Budget
Difference
%
Y-T-D Act.
Y-T-D Bud.
Diff.
%
Total Budget
REVENUES $88,533
$0
$88,533
0.00%
$3,567
$8,741
($5,174)
(59.19%)
$19,480
$0
$19,480
0.00%
$111,580
$8,741
$102,839
$3,630,589
$3,893,943
($263,354)
(6.76%)
$3,893,943
Interest Income
Tax Revenue
$14,596
$26,222
($11,627)
(44.34%)
$34,963
Miscellaneous Income
$65,669
$0
$65,669
0.00%
$3,710,854
$3,920,165
($209,312)
(5.34%)
$3,928,906
Permanent Salaries
$101,390
$103,436
$2,046
(1.98%)
$137,915
Temporary Salaries
$1,703
$7,500
$5,797
(77.30%)
$10,000
1176.55% Total Revenues
$0
EXPENSES $36,891
$34,479
($2,413)
$0
$2,500
$2,500
(100.00%)
7.00%
$20,857
$21,942
$1,085
(4.95%)
Employee Fringe Benefits
$54,431
$65,825
$11,394
(17.31%)
$87,767
$15,711
$30,252
$14,541
(48.07%)
Administrative Expenses
$58,892
$123,256
$64,364
(52.22%)
$152,258
Professional Services
$27,952
$116,250
$88,298
(75.96%)
$155,000
$9,458
$26,250
$16,792
(63.97%)
$35,000
$72,518
$78,750
$6,232
(7.91%)
$105,000
$2,367
$38,750
$36,383
(93.89%)
$11,133
$8,750
($2,383)
27.23%
$9,172
$26,250
$17,078
(100.00%)
Insurance General Maintenance Expenses
$39,277
$48,689
$9,411
(19.33%)
Grants
$15,565
$254,462
$238,897
(93.88%)
Capital Costs
0.00%
Bond Payments
$337,925
$608,608
$270,683
(44.48%)
$608,608
$45,606
$763,385
$717,779
(94.03%)
$1,017,847
($946,262)
151.70%
$663,125
$0
($663,125)
$1,570,020
$623,758
$814,098
$466,073
($348,025)
74.67% Total
$2,279,894
$2,517,018
$237,124
(9.42%)
$5,428,185
$3,118,790
($702,518)
($457,332)
($245,186)
53.61% NET SURPLUS/(DEFICIT)
$1,430,959
$1,403,147
$27,813
1.98%
($1,499,279)
Ann Arbor Downtown Development Authority Housing Fund Balance Sheet 3rd Quarter FY 2012
Actual
Assets Investments Total Assets
$1,078,959 $1,078,959
Liabilities and Equity Liabilitites Interfund Payables Total
$722 $722
Equity Current Years Fund Balance Prior Years Fund Balance Total Total Liabilities and Equity
$6,520 $1,071,717 $1,078,237 $1,078,959
Ann Arbor Downtown Development Authority Housing Fund Income Statement For the Quarter Ending March 31, 2012
Actual
Budget
Difference
%
Y-T-D Act.
Y-T-D Bud.
Diff.
%
Total Budget
REVENUES $5,431
$2,725
$2,706
99.31%
Interest Income
$5,431
$2,725
$2,706
99.31% Total Revenues
$8,444
$8,174
$269
3.30%
$10,899
$8,444
$8,174
$269
3.30%
$10,899
$1,924
$1,500
($424)
28.26%
$2,000
$0
$0
0.00%
$500,000
$1,924
$1,500
($424)
28.26%
$502,000
$6,520
$6,674
($154)
(2.31%)
($491,101)
EXPENSES $721
$500
$0
$0
$721
$500
$4,710
$2,225
($221) $0 ($221)
$2,485
44.27% 0.00%
Administrative Expenses Grants
44.27% Total
111.68% NET SURPLUS/(DEFICIT)
$0
Ann Arbor Downtown Development Authority Parking Fund Balance Sheet 3rd Quarter FY 2012
Actual
Assets Cash
$265,736
Investments
$4,417,926
Accounts Receivable
$1,150,949
Total Assets
$5,834,611
Liabilities and Equity Liabilitites Accounts Payable
$1,754,256
Interfund Payables
$2,042,150
Total
$3,796,406
Equity Current Years Fund Balance Prior Years Fund Balance Total Total
$1,933,385 $104,820 $2,038,205 $5,834,611
Ann Arbor Downtown Development Authority Parking Fund Income Statement For the Quarter Ending March 31, 2012 Actual
Budget
Difference
%
Y-T-D Act.
Y-T-D Bud.
Diff.
%
Total Budget
REVENUES $0
$0
$0
0.00%
1st & Washington Parking Revenue
$637,475
$619,854
$17,620
2.84%
Maynard Parking Revenue
$240,331
$209,782
$30,550
14.56%
4th & Washington Parking Revenue
$698,701
$664,308
$34,393
5.18%
$359,763
$367,555
($7,792)
(2.12%)
Forest Avenue Parking Revenue
$1,059,676
$1,163,925
($104,249)
(8.96%)
$1,511,081
$654,776
$575,115
$79,661
13.85%
4th & William Parking Revenue
$1,982,775
$1,821,197
$161,578
8.87%
$2,364,392
$403,678
$341,761
$61,917
18.12%
Liberty Square Parking Revenue
$1,200,803
$1,082,243
$118,560
10.96%
$1,405,036
$451,602
$417,965
$33,637
8.05%
Ann Ashley Parking Revenue
$1,358,477
$1,323,557
$34,920
2.64%
$1,718,325
$145,891
$113,793
$32,098
28.21%
Kline Lot Parking Revenue
$431,146
$360,345
$70,802
19.65%
$467,822
$203,080
$193,189
$9,891
5.12%
1st & Huron Parking Revenue
$599,976
$611,766
($11,790)
(1.93%)
$794,233
$29,461
$27,464
$1,996
7.27%
5th & Huron Parking Revenue
$87,211
$86,970
$241
0.28%
$112,910
$36,478
$29,255
$7,223
24.69%
1st & William Parking Revenue
$105,649
$92,641
$13,008
14.04%
$120,273
$5,925
$0
$5,925
0.00%
$114,945
$120,434
($5,490)
(4.56%)
($145) $41,179
$0
($145)
0.00%
Fingerle Lot 415 W. Washington
$38,032
$3,147
8.27%
$59,842
$69,951
($10,109)
(14.45%)
$871,376
$819,241
$52,135
6.36%
Fifth & William
$97,905
$108,470
($10,565)
(9.74%)
$6,302
$0
$6,302
0.00%
Interest Earned
$89,680
$0
$89,680
0.00%
Miscellaneous Revenue
$4,328,675
$3,931,428
$397,247
$35,645
$0
$1,871,488
$1,962,872
$35,645
0.00%
($91,384)
(4.66%)
$0 $2,548,324 $862,447
$0 $156,355
$178,938
$221,513
($42,575)
(19.22%)
$287,582
$2,534,262
$2,594,263
($60,001)
(2.31%)
$3,368,035
$339,360
$343,487
($4,127)
(1.20%)
$445,937
$19,480
$0
$19,480
0.00%
$0
$96,862
$0
$96,862
0.00%
$0
$12,721,318
$12,449,521
$271,797
2.18%
$16,162,752
Permanent Salaries
$101,390
$103,436
$2,046
(1.98%)
$137,915
Temporary Salaries
$1,703
$7,500
$5,797
(77.30%)
$10,000
Parking Meter Revenue Meter Bag Revenue
10.10% Total Revenues EXPENSES
$36,891
$34,479
($2,413)
$0
$2,500
$2,500
(100.00%)
7.00%
$20,857
$21,877
$1,020
(4.66%)
Employee Fringe Benefits
$54,431
$65,630
$11,199
(17.06%)
$87,507
$80,955
$65,726
($15,229)
23.17%
Administrative Expenses
$211,314
$197,177
($14,137)
7.17%
$262,903 $85,000
($2,556)
$21,250
$23,806
(112.03%)
Professional Services
$13,447
$63,750
$50,303
(78.91%)
$17,132
$13,750
($3,382)
24.60%
Insurance
$45,077
$41,250
($3,827)
9.28%
$2,063,915
$2,265,353
(8.89%)
Direct Parking Expenses
$5,577,105
$6,110,086
$134,417
$107,750
($26,667)
24.75%
Utilities
$291,993
$323,250
$31,256
(9.67%)
$431,000
$14,417
$134,514
$120,097
(89.28%)
Grants
$18,980
$2,403,540
$2,384,560
(99.21%)
$2,538,054
$201,438
$306,237
$231,976
($74,261)
32.01%
$1,934,909
$590,542
($1,344,367)
227.65%
$4,607,175
$3,489,717
($1,117,459)
$441,712
($720,212)
($278,500)
$532,981
(8.72%)
$55,000 $8,993,812
Capital Costs
$1,597,964
$695,927
($902,037)
129.62%
$927,903
Bond Payments
$2,874,530
$2,066,898
($807,632)
39.07%
$2,952,712
$10,787,933
$12,078,445
$1,290,512
(10.68%)
$16,481,806
$1,933,385
$371,076
$1,562,309
32.02% Total
(163.05%) NET SURPLUS/(DEFICIT)
421.02%
($319,054)
Ann Arbor Downtown Development Authority Parking Maintenance Fund Balance Sheet 3rd Quarter FY 2012
Actual
Assets Investments Total Assets
$1,895,841 $1,895,841
Liabilities and Equity Liabilitites Interfund Payables Total
$44,500 $44,500
Equity Current Years Fund Balance Prior Years Fund Balance Total Total Liabilities and Equity
$9,653 $1,841,688 $1,851,341 $1,895,841
Ann Arbor Downtown Development Authority Parking Maintenance Fund Income Statement For the Quarter Ending March 31, 2012
Actual
Budget
Difference
%
Y-T-D Act.
Y-T-D Bud.
Diff.
%
Total Budget
REVENUES $6,182
$4,011
$2,171
54.14%
$0
$0
$0
0.00%
$6,182
$4,011
$2,171
Interest Income Transfers from Other Funds
54.14% Total Revenues
$19,251
$12,033
$0
$2,000,000
($2,000,000)
$7,218
(100.00%)
59.99%
$2,000,000
$16,044
$19,251
$2,012,033
($1,992,782)
(99.04%)
$2,016,044
EXPENSES $105
$0
$13,274
$25,000
($9,172)
($105) $11,726
0.00% (46.91%)
Administrative Expenses Professional Services
$0
$9,172
0.00%
$4,424
$57,500
$53,076
(92.31%)
Direct Parking Expenses General Maintenance Expenses
$35,870
$387,975
$352,106
(90.75%)
Capital Costs
$44,500
$470,475
$425,975
(90.54%) Total
($38,318)
($466,464)
$428,146
(91.79%) NET SURPLUS/(DEFICIT)
$105
$0
$23,845
$75,000
($105) $51,155
0.00% (68.21%)
$0
$0
$0
$47,179
$172,500
$125,321
(72.65%)
$230,000
($61,531)
$1,163,925
$1,225,456
(105.29%)
$1,551,900
$9,599
$1,411,425
$1,401,826
(99.32%)
$1,881,900
$9,653
$600,608
(98.39%)
$134,144
($590,955)
0.00%
$0 $100,000 $0
ParkComp Ann Arbor Downtown Development Authority Gross Revenues/ Hourly Patrons March 2012 & March 2011
March 2012 Revenues
March 2011 Hourly Patrons
Revenues
Hourly Patrons
Increase (Decrease) Hourly Revenues Patrons
% Increase (Decrease) Hourly Revenues Patrons
2012 Spaces
2011 Spaces
Revenues: Washington/First Maynard Washington/Fourth Forest Fourth/William Liberty Square Ann/Ashley Kline Lot Huron/Ashley/First Fifth & Huron First & Williams Fingerle Lot 415 W Washington Fifth & Williams Palio Lot Broadway Bridge Main & Ann Farmers Market City Hall Fourth & Catherine Meters Meter Bags Total Revenues
$0 $235,088 $86,441 $131,021 $227,527 $140,009 $157,407 $52,507 $74,151 $9,920 $12,650 $0 $14,753 $22,429 $4,314 $134 $7,216 $282 $388 $6,502 $288,544 $40,900 $1,512,185
0 54,230 25,359 26,509 25,502 9,664 12,171 15,320 24,368
2,003 8,041
203,167
Number of Business Days
2012 2011
27 27
Number of Weekend Days (F & S)
2012 2011
10 8
$10,298 $208,874 $76,613 $116,105 $188,706 $116,674 $136,683 $49,861 $65,931 $11,395 $10,210 $1,700 $13,679 $21,974 $3,777 $146 $5,967 $966 $0 $6,031 $253,868 $35,325 $1,334,782
1,389 53,277 24,724 26,635 24,648 7,656 11,820 15,466 24,453
2,336 8,723
201,127
($10,298) $26,215 $9,828 $14,916 $38,821 $23,335 $20,724 $2,647 $8,220 ($1,475) $2,440 ($1,700) $1,074 $455 $537 ($11) $1,249 ($684) $388 $471 $34,676 $5,575 $177,403
(1,389) 953 635 (126) 854 2,008 351 (146) (85)
(333) (682)
2,040
(100.00%) 12.55% 12.83% 12.85% 20.57% 20.00% 15.16% 5.31% 12.47% (12.94%) (23.90%) (100.00%) 7.85% 2.07% 14.22% (7.73%) 20.93% (70.83%) 7.81% 13.66% 15.78% 13.29%
(100.00%) 1.79% 2.57% (0.47%) 3.46% 26.23% 2.97% (0.94%) (0.35%)
(14.26%) (7.82%)
1.01%
0 805 281 591 994 592 839 134 168 56 112 0 141 134 24 17 45 76 12 49 2,147
64 Lot Closed 11/8/11 805 281 591 994 592 839 134 168 56 112 20 Lot Closed 11/30/11 112 134 24 17 45 76 0 Lot now open to the public 49 1,768
7,217
6,881
ParkComp Ann Arbor Downtown Development Authority Gross Revenues/ Hourly Patrons 3rd Quarter Fiscal Year, 2012 & 3rd Quarter, Fiscal Year 2011
3rd Quarter 2012 Hourly Revenues Patrons
3rd Quarter 2011 Hourly Revenues Patrons
$0 $637,481 $240,331 $359,763 $654,776 $404,938 $451,602 $145,891 $203,080 $29,465 $36,478 $0 $41,179 $59,842 $11,834 $479 $21,084 $3,440 $1,180 $19,517 $813,843 $97,905 $4,234,108
$28,601 $567,811 $208,042 $324,191 $544,878 $310,757 $395,415 $135,249 $181,265 $30,295 $30,108 $4,870 $41,503 $58,642 $9,918 $350 $16,788 $2,624 $63 $16,880 $656,478 $105,255 $3,669,982
Increase (Decrease) Hourly Revenues Patrons
% Increase (Decrease) Hourly Revenues Patrons
Revenues: Washington/First Maynard Washington/Fourth Forest Fourth/William Liberty Square Ann/Ashley Kline Lot Huron/Ashley/First Fifth & Huron First & Williams Fingerle Lot 415 W Washington Fifth & Williams Palio Lot Broadway Bridge Main & Ann Farmers Market City Hall Fourth & Catherine Meters Meter Bags Total Revenues
0 145,902 69,457 71,791 70,679 25,905 33,367 43,189 68,326
5,872 22,208
556,696
Number of Business Days
2012 2011
77 77
Number of Weekend Days (F & S)
2012 2011
26 24
3,614 137,803 66,465 71,229 66,564 20,630 32,047 41,859 66,601
6,797 22,949
536,558
($28,601) $69,670 $32,289 $35,572 $109,898 $94,181 $56,187 $10,642 $21,815 ($830) $6,371 ($4,870) ($324) $1,200 $1,916 $130 $4,297 $816 $1,117 $2,636 $157,365 ($7,350) $564,126
(3,614) 8,099 2,992 562 4,115 5,275 1,320 1,330 1,725
(925) (741)
20,138
(100.00%) 12.27% 15.52% 10.97% 20.17% 30.31% 14.21% 7.87% 12.04% (2.74%) 21.16% (100.00%) (0.78%) 2.05% 19.32% 37.06% 25.59% 31.08% 1783.00% 15.62% 23.97% (6.98%) 15.37%
(100.00%) 5.88% 4.50% 0.79% 6.18% 25.57% 4.12% 3.18% 2.59%
(13.61%) (3.23%)
3.75%
ParkComp Ann Arbor Downtown Development Authority Gross Revenues/ Hourly Patrons 9 Months Ending 3/31/12 & 9 Months Ending 3/31/11
1st 3 Quarters 2012 Hourly Revenues Patrons
1st 3 Quarters 2011 Hourly Revenues Patrons
Increase (Decrease) Hourly Revenues Patrons
% Increase (Decrease) Hourly Revenues Patrons
Revenues: Washington/First Maynard Washington/Fourth Forest Fourth/William Liberty Square Ann/Ashley Kline Lot Huron/Ashley/First Fifth & Huron First & Williams Fingerle Lot 415 W Washington Fifth & Williams Palio Lot Broadway Bridge Main & Ann Farmers Market City Hall Fourth & Catherine Meters Meter Bags Total Revenues
$35,645 22,874 $89,315 $1,871,794 433,147 $1,638,092 $698,721 201,423 $624,538 $1,059,676 205,747 $994,923 $1,982,775 222,596 $1,689,339 $1,202,063 73,747 $1,057,849 $1,358,477 103,442 $1,216,676 $431,146 130,502 $402,491 $599,976 199,298 $550,655 $87,215 $86,025 $105,649 $91,895 $6,070 $14,032 $160,274 49,818 $176,561 $133,608 34,137 $139,658 $31,725 $29,050 $1,683 $1,357 $56,519 $56,218 $9,342 $6,068 $2,223 $543 $58,245 $60,365 $2,374,525 0 $2,055,144 $339,060 0 $354,465 $12,606,412 1,676,731 $11,335,258
Number of Business Days
2012 2011
232 233
Number of Weekend Days (F & S)
2012 2011
79 75
11,967 415,858 198,945 207,240 205,157 57,691 99,273 130,544 195,043
56,660 34,519
0 0 1,612,897
($53,670) $233,702 $74,183 $64,753 $293,436 $144,215 $141,801 $28,655 $49,321 $1,190 $13,754 ($7,962) ($16,287) ($6,050) $2,675 $326 $300 $3,274 $1,680 ($2,120) $319,381 ($15,405) $1,271,154
10,907 17,289 2,478 (1,493) 17,439 16,056 4,169 (42) 4,255
(6,842) (382)
63,834
(60.09%) 14.27% 11.88% 6.51% 17.37% 13.63% 11.65% 7.12% 8.96% 1.38% 14.97% (56.74%) (9.22%) (4.33%) 9.21% 24.02% 0.53% 53.96% 309.24% (3.51%) 15.54% (4.35%) 11.21%
91.14% 4.16% 1.25% (0.72%) 8.50% 27.83% 4.20% (0.03%) 2.18%
(12.08%) (1.11%)
3.96%
RESOLUTION AUTHORIZING THE DDA BRICKS/MONEY & TRANSPORTATION COMMITTEE TO DEVELOP AND IMPLEMENT A DEMAND MANAGEMENT FRAMEWORK TO BETTER MANAGE CAMPUS-AREA PARKING DEMAND
Whereas, The DDA takes a careful, measured implementation approach to parking changes to ensure downtown remains attractive to an array of downtown users; Whereas, This concept of using Demand Management was a central element in the DDA’s 2010 Public Parking & Transportation Demand Management Strategies Plan, which set forward an approach “using both discounted and premium pricing as a tool to provide more parking choices and information so as to extend parking usage more broadly throughout the public parking system.” Whereas, The DDA Bricks/Money & Transportation Committee reviews parking demand data throughout the DDA parking system on a monthly basis and have been tracking the very strong demand for parking in the UM campus area which will likely be exacerbated in the near future due to the construction of several large new mixed use developments bringing even more new residents to the State Street area in the next year; Whereas, The new Library Lane parking structure will be opening this summer, and will provide much-needed capacity to the public parking system; Whereas, The Bricks/Money & Transportation Committee has been considering strategies to extend campus-area parking demand two blocks west to the new Library Lane parking structure, and has determined that the best means would be to adjust monthly parking permit rates so that patrons can choose the parking location that best meets their need for convenient or lower cost parking arrangements; RESOLVED, The Bricks/Money & Transportation Committee is authorized to utilize demand management strategies and adjust monthly parking permit rates to expand campus-area parking in a broader expanse.
RES Parking Change TDM 050212.doc May 2, 2012
Draft – 050212
ANN ARBOR DDA POLICY REGARDING GRANT REQUESTS FOR BROWNFIELD OR OTHER STATE OF MICHIGAN PROGRAMS REQUIRING A LOCAL MATCH Ann Arbor DDA Brownfield Policy Specifics
The A2 DDA mission is to spark private reinvestment within its DDA District and strengthen the downtown.
The DDA always refers to its mission and its Development Plan when considering any grant request to be used as a local match for a State of Michigan incentive program. It is the goal of the DDA to promote the economic growth and development of properties within its DDA District by private investment. The DDA Development Plan also sets forward important DDA values, such as walkability, sustainability, mix of downtown uses and demographics, and downtown Ann Arbor’s unique identity.
An important way for the DDA to accomplish its mission is to provide a DDA grant as the local match to support State-eligible projects in the DDA District because the DDA’s participation could help downtown developers leverage state funds.
The DDA would be particularly interested in supporting eligible projects that have the clear potential to encourage or trigger other private tax-generating new development in the immediate vicinity. This can be defined as nearby properties that are within the DDA District, privately owned, not located in an historic district, and have not had significant public or private investment in the past ten years.
The DDA will not forgo its TIF capture from a project; the DDA may elect to provide a grant to a project utilizing its funds, or it may elect to provide all or some of its support using such in-kind elements as access to parking for contractors or construction staging.
To support a State-eligible project, the DDA will only invest in the eligible infrastructure that would benefit not only the proposed project, but also a larger public good. By way of example, this may include streetscape improvements including street furniture, upsizing water, storm or sewer mains, creating a concrete pad for a new trash compactor or electrical transformer to serve a larger area, or fire hydrants.
When contemplating a possible local matching grant award, the maximum grant the DDA may consider will be calculated by estimating 25% of the total TIF captured by a project over ten years. The DDA is particularly eager to support projects that address a current gap in the marketplace.
The DDA grant will be paid out over time, and the amount released will at no point be greater than the amount of new TIF paid by the developer of the new project. The DDA
Draft – 050212
reserves the right to adjust the amount of each portion of this grant to best benefit the DDA’s budget and other considerations.
In the event of a sale or transfer of the development, the DDA’s grant may be assigned to the new owner of the property upon prior written consent of the DDA, provided, however, that the project has not been substantially modified since the time of the DDA’s grant approval.
The DDA’s grant will automatically expire by June 30th at the end of the fiscal year following the fiscal year the grant was approved by the DDA if project construction has not begun. The DDA grant will automatically expire by June 30th at the end of the fifth fiscal year following the fiscal year the grant was approved by the DDA if construction has not been completed.
Policy Changes The DDA reserves the right to modify these Brownfield Grant guidelines at any time and without notice. The DDA reserves the right to eliminate its Brownfield Grant program at any time and without notice.
