2022-03-23 DDP Board Meeting Packet

Sf Ik, DOWNTOWN y ——\ f PARTNERSHIP BOARD OF DIRECTORS MEETING Wednesday, March 23, 2022 at 7:30 AM AGENDA ZOOM: https://usO6web.zoom.us/j/87185621654 Meeting ID: 871 8562 1654 Welcome Agenda Minutes (February 2022) Executive Committee/Staff Updates i. Budget ii. | Board nominations iii. Farmers market update iv. Downtown Dover Strategic Master Plan Property Updates i. 136 W. Loockerman, which is our one property update Committee Updates i. Economic Vitality ii, Marketing & Promotion Legislative Updates i. Senator Trey Paradee ii. Senator Bill Bush City Updates i. Mayor ii. City Council iii. City Manager iv. Interim Planning Director Other Reports i. Kent County Tourism 10. Other Business 11. Public Comment 12. Adjourn Agenda items as listed may not be considered in sequence. Pursuant to 29 DEL. C. 10004(e)(2), this agenda is subject to change to include the addition or deletion of items, including executive sessions, which arise at the time of the meeting. Next DDP board meeting: Wednesday, April 27, 7:30 a.m. via Zoom (unless otherwise directed.) Downtown Dover Partnership Board Meeting Agenda March 23, 2021

<f Ik, DOWNTOWN y “aN f PARTNERSHIP Scheduled Zoom meeting. Topic: DDP Board Meeting Time: Mar 23, 2022 07:30 AM Apr 27, 2022 07:30 AM May 25, 2022 07:30 AM Jun 22, 2022 07:30 AM Please download and import the following iCalendar (.ics) files to your calendar system. Monthly: https://usO6web.zoom.us/meeting/tZMsf- yurDosH9DU8rgYr¥rGpYycBnivrQPs/ics?icsToken=98tyKuGvrzMvHNaUthyDRpwEBYqgz- 7zpn5dgvp5qUf3EhIBWxHRJttbMZBxGc7C Join Zoom Meeting https://usO6web.zoom.us/j/87185621654 Meeting ID: 871 8562 1654 One tap mobile +13126266799,,87185621654# US (Chicago) +16465588656,,87185621654# US (New York) Dial by your location +1312 626 6799 US (Chicago) +1 646 558 8656 US (New York) +1 301 715 8592 US (Washington DC) +1 346 248 7799 US (Houston) +1720 707 2699 US (Denver) +1 253 215 8782 US (Tacoma) Meeting ID: 871 8562 1654 Find your local number: https://usO6web.zoom.us/u/kcBUPJSAZy Downtown Dover Partnership Board Meeting Agenda March 23, 2021

DOVER ~<of \ DOWNTOWN DW PARTNERSHIP MINUTES February 23, 2022 Board Meeting via Zoom at 7:30 a. m. DRAFT BOARD MEMBERS AND STAFF: Senator Trey Paradee Mayor Christiansen, Councilman Neil, Codi Canasa, Kim Adams, Carla Wilson, Dawn Melson-Williams, Linda Parkowski, Dave Hugg, John Van Gorp, Pete Bradley, Todd Stonesifer, Diane Laird, Jordan Resh, COMMITTEE CHAIRS, PRESENTERS, AND OTHER ATTENDEES: Dina Vendetti, Officer Aviles, Katie Tabeling, Call to Order: Chair Todd Stonesifer opened the meeting at 7:32 a.m. Councilman Neil motioned to approve the modified agenda that removed the Executive Session. Canasa seconded the motion, and the Board unanimously approved the modified agenda. Councilman Neil motioned to approve the January Board Meeting Minutes. Canasa seconded the motion and the Board voted unanimously to approve the January Board Meeting minutes. Police Report Accident Accident DUI Alcohol Violation Assault olmlolu Burglary Court Violation Criminal Mischief Disorderly Domestic Drugs Sleivio Fight Fugitive Harassment olcl Megans Law Offensive Touching Overdose Property Check Psychiatric Incident Plelolalolei iy Resisting Arrest Sex Offense Shooting Shoplifting Stolen Vehicle Theft Traffic Stop Tere Trespassing Weapon (Gun) Welfare Check olelolni[ololeleleimlo 911 Cellular SELLE slo ELL RileiD LL Officer Aviles presented a report of crime statistics in Downtown Dover from October to December 2021. Officer Aviles a decline in overall complaints from December. Additionally, a new cadet is starting work downtown soon, resulting in two active cadets from Dover PD. Stonesifer asked if there were any updates due to the reopening of Irish Mike’s Pub. Officer Aviles responded there had been no reports resulting from Irish Mike’s operations. Stonesifer added that the relationship between Irish Mike’s and the DDP is showing positive outcomes and is hopeful that Irish Mike will continue to participate in the DDP’s Safety Committee and other downtown initiatives. DRAFT February 23, 2022 —- DDP Board Meeting 1

EXECUTIVE COMMITTEE/STAFF UPDATES Property Updates — 136 W Loockerman (3 Months Free Rent Opportunity) Laird discussed the Holiday Pop-Up at 136 W Loockerman. Merchant Fur Baby sold merchandise from the space in December and closed in January. They did not extend their lease agreement due to a reported lack of foot traffic. Laird shared the hope that foot traffic downtown will improve in the next year or so at which time Fur Baby may again consider a location in Dover. Laird introduced that DDP will begin to advertise a three-month free rent opportunity at 136 W Loockerman, targeting prospecting fora DDP “Top 10 Priority” business category. The size of the business should be small, but DDP targets an established business generating revenue and with a strong customer base. The application is expected to go live within the next week. Canasa asked for the list of “Top 10” businesses. (See attached “Top Ten Opportunities” one-page) Laird shared the list and noted that they are in no particular order — 1. Microbrewery/Brewpub 2. Restaurant/Hybrid Bars/Pubs/Snacks 3. Millennial Tavern 4. Healthy Living (gym, yoga, health, and specialty) 5. Healthy Eating: vegan, organic, smoothie, 6. Farm Fresh/Ethnic/Green Grocers, 7. Apparel/Shoes/Accessories, 8. Jewelry, Gift, Novelty Destination Boutiques, 9. Personal Service, 10. Specialty: wine, cheese, nuts, confections, oils, flowers. The list was produced from market research and acts as a guide to see what would be successful based on that research, and other market factors. Parkowski asked when the market research study was conducted, and Laird shared the research was done approximately 2.5 years ago. Annual Report Stonesifer shared that Laird and he presented the DDP annual report at the City of Dover Council meeting last week. Laird shared the Annual Report PDF and noted a plan to create a video as well. Laird reported the following: In 2021 the DDP prepared a comprehensive parking plan and hired a vendor to lead the strategic master plan. Downtown Dover had a net loss of 3 businesses. 2022 was an outstanding year for volunteer engagement. Laird shared that for economic vitality, the DDP has been collecting statistics for the businesses staff has met with over the past fiscal year. The DDP launched the Dover Revolving Loan Fund (DRLF) and Retention/Expansion Assistance Program (REAP) which provides loan opportunities for small businesses that are already located in downtown Dover. Laird shared that one business was approved for up to $1,500 through REAP, but it is too early to announce the recipient. Sales in the Artisan Market are steady. The DDP has used its in house EBT machine for the Artisan Market, generating almost $1,000 in sales through EBT-qualifying purchases for Black Swamp. The Artisan Market expressed interest in getting an EBT machine themselves so that they could take advantage of these sales for EBT users. The DDP invested $39,685 in design improvements, which leveraged $40,000 in private investment. D3 passed leadership to the DDP for First Fridays three years ago. The DDP has led First Fridays for three years, though. While offering a formidable program, the DDP was not able to serve alcohol and replicate DRAFT February 23, 2022 — DDP Board Meeting 2

D3’s First Friday musically which was a disappointment to many. The DDP is looking to recruit a new group of leaders for First Friday and is meeting with community leaders and considering all viable options for transition. Laird shared that over time, the DDP has developed a network of musicians who are interested and available to work downtown. Nearly 50 artists/painters have participated in the plein air eventsin downtown, as well. The DDP opened the Schwartz once last fiscal year and will continue to be involved in efforts to activate the Schwartz. Laird noted an event to take place tonight with DSU to discuss revitalizing the Schwartz Center with local stakeholders. Followers on DP’s Facebook page increased by 13%. Laird introduced a new Facebook “group” page that provides organizational information about the DDP, that will promote the organization. There are 136 registered users to the Capital Key Program. Window contests will increase to six for 2022 — occurring every other month. Safety Committee is testing a security camera program for merchants. There was an increase in volunteers, particularly for First Friday and the Safety and Parking Committees. Of the consistent volunteers, 1569 volunteer hours were logged at a value of $44,000+. Laird noted that in September/October 2022 the DDP and Mosaic will finalize the strategic master plan and begin implementation. Going forward into calendar year 2022, Laird shared that the DDP plans to increase merchant stability through REAP and DRLF, work with downtown partners, work with Dover Interfaith Mission for Housing (DIMH), continue monthly collaborations with DSU downtown officials, open Schwartz for two events in 2022, and finalize CPTED (Crime Prevention Through Environmental Design) and Professional Downtown Manager certifications for DDP staff. Stonesifer shared excitement in developing a stronger relationship with DSU. Stonesifer thanked the attendees — Wilson, Van Gorp, Bradbury, Laird, for engaging in energizing meetings with DSU. Stonesifer shared that City Council responded positively to the Annual Report presentation. Board Nominations Stonesifer invited Parkowski, Street, Adams to form the Nominations Committee for vacant positions. There is one position to fill from resigned board member, Alan Grinstead, to serve the remainder of his term (through June 2023). The next Board meeting will have potential nominees presented. Downtown Dover Strategic Master Plan Stonesifer shared that on February 3 the DDP hosted a Strategic Master Plan launch at the Schwartz Center with 40+ invited guests, with over 40 in attendance. The number of people invited was limited due to covid restrictions. Stonesifer noted a lot of enthusiasm in the room. Mosaic’s entire team attended, and people were invited to ask questions and hear Mosaic’s responses. Stonesifer added that the DDP core leadership team for the Strategic Master Plan is attending weekly meetings with Mosaic and will provide summaries at future Board meetings. Stonesifer added that Marisa Denker from Connect the Dots, a Mosaic hired community engagement firm for the Strategic Master Plan, will lead stakeholder focus groups beginning in March 2022. The goal of these meetings will be to find out what the community wants, and thinks will work, and will inform the start of the strategic master plan development process. Electronic surveys will also be widely distributed. DRAFT February 23, 2022 — DDP Board Meeting 3

Parkowski asked if focus groups will be made of people that we “hope to attract” to downtown, rather than just current residents. Laird responded that there is a general, broad outreach survey, and then there are stakeholder groups, which could include a group related to Parkowski’s suggestion. Vendetti shared that the recent cohort of graduates from the Leadership Central Delaware Program are interested in participating in community engagement groups. Stonesifer responded that Vendetti can send the contact information to Laird, as well as any other interested groups interested in acting as a resource to Mosaic/the DDP. Canasa shared that in a conversation with a Mosaic representative, the revealed that their background in Center City Philadelphia has shaped their willingness to take on challenging parts of downtown and tackle the narrative of perception vs. reality in Dover. LEGISLATIVE UPDATES Senator Trey Paradee announced that the Legislature is not in session for February, but the Joint Finance Committee is meeting with state agencies three days a week, six times a day to hear their case for the budget for the upcoming year. Senator Paradee said the process is in an “interesting place” because people are focused on revenue, but the State is grappling with inflation and wage pressures. Senator Paradee noted that every agency is now having issues with attracting and retaining employees, despite having great benefits available. Senator Paradee shared that retention is likely related to the pay available, and for Delaware to remain a competitive employer, revenues must be used to both provide attractive pay while ensuring retirees maintain their purchasing power. Senator Paradee added that for the DDP, there are opportunities available for loans and to assist non-profits in Dover, especially those that work in social services. In March, the Legislature will be back in session and specific pieces of legislation will be available to be discussed. CITY UPDATES Mayor Mayor Christiansen shared that a volunteer has taken over the St. Patrick’s Day Parade, Codi Canasa, and that the efforts so far have been outstanding. Mayor Christiansen added that the itinerary for Dover Day’s and the Fourth of July Celebration are planned and featuring exciting lineups. Mayor Christiansen also shared that on July 9", Dover is hosting a celebration for the 100" Anniversary of the Delaware Volunteer Firefighters Association and that the event should bring people to visit Dover. Stonesifer added that D3 is ready for their event on May 7", History, Heritage, and Hops as well, which acts as an afternoon transition from the morning’s Dover Day’s festivities. City Council Councilman Neil shared that with the hiring of Dave Hugg as City Manager, he sees Dover as finally in a position where can see that the City of Dover is on the right track to make positive changes. Councilman Neil added that Hugg brings stability to the city, and now has more authority in his position to work with many different businesses and local stakeholders. Councilman Neil shared that Dave Hugg as City Manager fully understands the functions of the City of Dover and will be a great partner to the Strategic Master DRAFT February 23, 2022 — DDP Board Meeting 4

Planners. City Manager Dave Hugg noted that he is excited to work with Mosaic. Hugg shared that he was in correspondence with a hotel manager who said that downtown Dover is not ready to move into, motivating a larger discussion of how to change that perception through the development of the Strategic Master Plan. Hugg shared that he is meeting with the budget planning committee for the City of Dover full time, noting the key words of the meetings are “stability, efficiency, and vision.” Hugg elaborated that the City hopes to focus on spending money on projects that produce results, rather than just making sure the bottom line adds up. Hugg added that the City Manager office made contributions to the DDP, and the DDP’s request for additional funding will be given a serious review. Planning Director Interim Planning Director, Dawn Melson-Williams shared that the recent snowstorms produced some local conflict, causing the City to send out reminders to have people shovel their roads to avoid hazards. Melson-Williams added the City is engaged in their licensing and public occupancy permit renewal process. She reported that citywide, 3,000+ licenses need to be processed, and they are beyond halfway completed. Melson-Williams noted that licensing is a successful revenue generator, and that changes to the program are being tested for the first time this year. Melson-Williams reported that the planning commission is busy and is working on additional steps towards building the Kent County Family Courthouse. She noted that they have filed a rezoning application for the remaining parcels to East of S Governors Ave, between Bank Ln and W Water St into the Historic District Zone that backs up to the Green. Melson-Williams added that the City plans to have the remaining land holding added into the district, which will help control the way the building is developed. In the Historic District, the Courthouse will comply to the guidelines necessary to preserve the culture and heritage of downtown Dover. Melson-Williams noted that the site development is the start of a rather large historic development for downtown. Senator Paradee shared that in a briefing at the JFC, Sussex County reported that they are building a new courthouse as well. Senator Paradee added that Dover’s Courthouse will start construction in Fall/Winter, and the project with be transformative for the city. Additionally, Senator Paradee shared that the Kent County Courthouse plans to include a parking garage, offering spaces beyond the Courthouse’s needed capacity to allow for public parking. Mayor Christiansen noted that the Courthouse complex is not on Loockerman St. but will impact the development of downtown Dover due to its proximity. Parkowski asked how many acres the proposed Courthouse will cover. Senator Paradee responded that several lots, such as the former Box Outlet and Donovan’s has been acquired. Melson-Williams added that the lots are approximately two to three acres of land. Melson-Williams reported that the Census for the City of Dover revealed a total population of 39,403 — an increase of over 3,000 people since the 2010 Decennial Census. She reported that there are a significant number of individuals from 0-19 years old in Dover, and that the other age demographics are balanced. The 2020 Census changed from 2010 to allow the opportunity to report more than one race. In 2020, Dover was DRAFT February 23, 2022 — DDP Board Meeting 5

found to be 44% Black, 39.6% white, with the remaining percentage (16.4%) making up other racial groups, and just over 9% of respondents reporting 2+ races. Melson- Williams noted that this is a change from the 2010 Census that reported white as the largest racial category. Melson-Williams added that the information from the Decennial Census was released for redistricting purposes, and will be used in relation to City Council districts in a joint effort with the Planning Office, GIS Department, and City Clerk Office. Melson- Williams added that the City will move through a public process to establish new district for City Council for the next election cycle. Van Gorp asked about the Courthouse development on Water St/Governors Ave and if there are any funds currently allocated to manage water drainage. Melson- William responded that they are working with DNREC and, because it is a “brownfield” (a site at risk of environmental pollution), the EPA as well. She reported that the goal is to have the Courthouse manage their own drainage and noted that there are several efforts moving at different paces, on different fronts regarding this project. Senator Paradee added that funding was awarded for drainage projects. Hugg added that they are working with DNREC for cleanup and hopes to coordinate the project with City Council’s plan for the Riverwalk on the St. Jones River. Hugg noted that much of this year will be designing, engineering, and design remediation plans, and construction will follow shortly once completed. Councilman Neil shared the hope that the Riverwalk is addressed in the Strategic Master Plan and shared a fear that the two projects will not collaborate. Councilman Neil noted that the Riverwalk will be able to be used by those at the hospital and the greater downtown area. OTHER REPORTS DE State University Stonesifer reported on DSU bas Dr. Casson could not attend, noting that he is excited to work further with DSU and that there are meetings scheduled with leadership. Stonesifer added that the next meeting with DSU will be this Friday. DSU completed their Master Plan and Stonesifer noted that DDP hopes to have access to this report. He added that Mosaic plans to coordinate with DSU to ensure the two master plans are compatible, Kent County Tourism Bradley shared that the State of Delaware received $7 million in funds to increase tourism. Kent County Tourism applied and was awarded $334,000. Bradley explained that they will have two years to spend the funds, and that the primary use will be for a comprehensive advertising campaign. Bradley added that they plan to form a committee to manage how to best distribute the funds. Bradley added that May will be busy for Dover, noting that NASCAR and the Dover Air Show, which Kent County Tourism is working with the planner, will sponsor the event, and advertise it heavily. Laird asked Pete to talk briefly about ARPA-funded small business grants, and Bradley said there are funds available for hotels and small businesses. Bradley added that there is almost two million dollars approved for small businesses, and almost a million dollars for hotel/hospitality. Faw Casson vets the application portal for the ARPA funds, and Tetra Tech was used to create the application. Bradley noted that they have faced additional process requirements, approvals, and challenges that have slowed the process, but that their work will continue. Bradley added that they want the program to be Federally compliant, and because they’ve adopted the program early, they want to ensure that everything is done correctly. Bradley noted that progress is being made. Vendetti added that the process to administer ARPA funds has been frustrating and noted that they are DRAFT February 23, 2022 — DDP Board Meeting 6

closer today than yesterday. She noted that they will continue to work to make these funds available to people. Vendetti shared that they had to request additional forms from applicants but found that people were willing to do more to apply and were thankful for the funds that are being made available. Bradley added that once a few checks are out and people hear about the program, it will grow and attract additional applicants. Vendetti added that the flow of applicants has decreased since its launch, but that funds are still available, and asked the committee to encourage others to apply. Tabeling asked if the issue with administering funds is from the Federal or the County governments, and Vendetti responded that an answer is not available. Parkowski asked if the program would give the excess funds to applicants that already received initial checks if there are not more applications. Vendetti said that is a possibility and Bradley added that there has been discussion about distributing the funds in that way. OTHER BUSINESS Stonesifer noted that there have been meetings with friends at the city, county, and state level to work towards the Master Plan. Stonesifer added that they are looking for partnerships, team members, and to develop stronger relationships. He predicted that transformation change is coming to Dover. Vendetti shared that on Friday and Saturday that Central Delaware Chamber of Commerce is holding a Home and Garden Expo at the Harrington Raceway, in the Gold Room. She added that there will be vendors of all kinds related to home improvements, both indoors and outdoors, in an expo-style setting with free admission. Canasa shared that they are leading the St. Patrick’s Day Parade plans, noting that the biggest challenge is that people have forgot about the event due to covid related cancellations from previous years. Canasa asked if she could send graphics and information to everyone to share with their networks. Stonesifer suggested that Canasa send the graphics to Bradbury to share with merchants and on Facebook and encouraged everyone to share it within their own channels. Tabeling share that Delaware Business Times is publishing a Kent County Edition issue in August to share “all things” Kent County. She asked for tips from the DDP and said they could be sent to her via email. Tabeling added that the articles will be written based on her research, but that op-ed pieces are also being sought. Public Comment: None Call to Adjourn: Councilman Neil motioned to adjourn the meeting and Canasa seconded. The Board voted unanimously to adjourn at 8:41 a.m. JR/DJL DRAFT February 23, 2022 — DDP Board Meeting ¢

Attachment to DDP February 2022 minutes . Microbrewery/Brewpub . Restaurants/Hybrid Bars/Pubs/Snacks . Millennial Tavern . Healthy Living: gym, yoga, health and specialty . Healthy Eating: vegan, organic, smoothies . Farm Fresh/Ethnic/Green Grocers . Apparel/Shoes/Accessories . Jewelry, Gift and Novelty Destination Boutiques . Personal Service wo on oun hh won KF ve 10.Specialty: wine, cheese, nuts, confections, oils, flowers Loft and live-work residences available Historic downtown district. Actively facilitating business retention, expansion and recruitment. It's Happening DOWNTOWN! DowntownDover.com 302-678-2940 WE’ DELAWARE

COANDOaARWNM = DOWNTOWN DOVER PARTNERS HIP STATEMENT OF ASSETS/BALANCE SHEET FISCAL YEAR 2022 February ASSETS: Cash - PNC Commercial Loan Account $ 626,827 Cash - PNC Operating Account 282,996 Total Cash & Investments. 909,823 Prepaid Items __ _ 7 Land & Buildings Real Estate Holdings — 5,196,863 Equipment ; 6,424 Accumulated Depreciation (809,405) TOTAL ASSETS $ 5,303,705 LIABILITIES: Accounts Payable __ _ $_ _- Deposits - Leases/Sales Contracts _ 27,432 Misc. Payable - Accrued Payroll 7 2,909 Note Payable - 22-24 Loockerman St. 984,737 Note Payable - Governors Ave. 964,381 TOTAL LIABILITIES $ 1,979,459 FUND BALANCES: Invested in Land & Buildings $ 4,393,882 Current Year - Net Income/(Loss) _ — _ 15,403 Unreserved, Undesignated (1,085,039) TOTAL FUND BALANCES $ 3,324,246 TOTAL LIABILITIES AND FUND BALANCES $ 5,303,705 Real Estate Holdings 120 S. Governors Avenue - Acme site $ 1,239,345 133 - 135 S. Governors Avenue _ ___ 174,500 139 - 143 S. Governors Avenue 369,429 222 Railroad Avenue 56,746 238 Railroad Avenue 186,137 East side of N. West Street parcel #1 243,000 680 & 684 Forest St _ 451,636 22-24 West Loockerman Street 1,858,785 Loockerman & North Street Lots - Collegian 177,393 136 W. Loockerman St. 96,671 111 New Street _ _ 331,366 Santa House 11,855 Total Buildings & Land $ 5,196,863 * Real Estate Holdings & Loan Balances are not updated for FY21 until entries are generated by the Tax Accountant

OONOORON = DOWNTOWN DOVER PARTNERSHIP MONTHLY BUDGET REPORT FISCAL YEAR 2022 Year to Date Year to Date YTD Budget FY22 Budget February Actual Budget Variance Budget Received Beginning Budget Balance & Cash $ 940,251 $ - $ - $ - §$ : Beginning Budget Balance - 345,089 _ = - - - PNC Commercial Loan Account $ 595,162 - pix - = a RECEIPTS: | - _ - _ : | Parking Permits _ ; $23,400 $ "27,720 $ 23,333 $ 4,387 $ 35,000 79% Parking Meters - 226 751 6667 (5,916) 10,000 8% Parking Enforcement _ - _ 14 oe 3,333 (3,320) 5,000 0% Property Rental Income - Governors Avenue __ 5,757 75,077 _78,200 (3,123) 117,300 64% Property Rental Income - EZ-Pass 25,982 207,853 196,267 11,587 294,400 71% Property Rental Income - Forest Street _ - - 6,667 (6,667) 10,000 0% Property Rental Income - 136 W. Loockerman _ _- = ee. 8,800 __ (8,800) 13,200 0% FY22 Appropriation from City of Dover - 112,500 100,000 12,500 150,000 75% Miscellaneous Receipts = 76,515 12,667 63,848 19,000 403% TOTAL RECEIPTS $ 55,365 $ 500,429 $ 435,933 $ 64,496 $ 653,900 77% DISBURSEMENTS: Salaries _ 7 $_ 11,117 $ _—93,385 $ _—- 101,867 $ —-8,482_ $ 152,800 61% Temporary Help _ — ~ 3,735 S, Bano 1,598 8,000 47% FICA Taxes _ _ 850 7,106 8,000 894 = 12,000 59% Health Insurance _ ee _ : - 8,000 8,000 __ 12,000 0% Unemployment TaxExp _ : si ___2,000 1,931 3,000 2% Office Supplies _ 107 _ 434 1,000 To 666 1,500 29% Printing & Duplicating - 1,613 2,667 1,054 4,000 40% Program Materials & Supplies _ _ _ 65 __ 753 _ ___ 2,667 1,914 4,000 19% Computer Software Purchases _- 2,115 __3,333_ 1,218 _ 5,000 42% Parking Materials & Maintenance __ 163 1,642 LES LAD MPA TS 34,000 5% Insurance — — = 25,333 (12,627) 38,000. 100% Property Maintenance ee __ 10,000 ome) Ol eee eee 5000) 42% Telephone/FAX - Fire & Security Systems _ ___ 4,000 _ 1,438 6,000 43% Postage — — pa eek (OE 100. 67% Electricity a e130me 50% Advertising: 2,607 ____ 10,000 41% Ss riptions and dues _ ee e108) 4,500 41% Training, Conference, Food & Travel _ __10;991 6% Consulting Fees _ ee : - 2,000 0% Contractual Services _ ee 225 - (225) ee iy 0% LegalExpenses ee _ 281 ECE eeu seen. 00 28% Community Relations _ 174 1,333 1,159 2,000 9% Organization Committee — 1,408 6,000 __ 4892 —_—9,000 12% Merchant Committee _ . 141 294 5,333 5,039 8,000, 4% Marketing & Promotions Committee 5314 6,152 10,000 3,848 | 15,000 41% Parking Committee - 598 4,277 8,267 0.00015. 42,400 34% Design Committee : 5 2,148 6,667 4,519 10,000 21% Bank Fees - 73 562 | 8,800 8,238 13,200. 4% Property Taxes - 26,684 20,000 (6,684) 30,000 89% Economic Development Committee ___- 70,114 70,114 _ 10,000 (60,114) 15,000 467% Construction - Westside & Other Projects = 55,635 _ :: 2 =) 0% Facade Program __ - 36,515 _ 16,667 25,000 146% Financial Charges - PNC Loan - 108,410 123,333 185,000 59% TOTAL DISBURSEMENTS $ 88,978 $ 485,027 $ 445,667 $ (39,360) $ 668,500 73% NET INCOME/(LOSS) $ (33,613) $ 15,403 _§ (9,733) $ 25,136 _$ (14,600) Budget Balance - 279,810 15,403 (9,733) om (14,600) PNC Commercial Loan Account 626,827 7 : = Ending Working Capital - Budget Balance $ 906,637 $ 15,403 $ (9,733) $ (14,600)

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