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Tax Increment Finance Authority (TIFA)

Mt. Pleasant has four tax capture districts, two Tax Increment Finance Authorities (TIFA), one Downtown Development Authority (DDA), and one Local Development Finance Authority (LDFA). This page is an overview of the two Tax Increment Finance Authorities (TIFA).

Click here for information on the DDA and here for information on the LDFA.

The City of Mt. Pleasant TIFA districts initiate projects and programs to halt property value deterioration and increase property tax valuation in designated districts. One authority was created for the Central Business District (CBD) which describes Mt. Pleasant's downtown area. The other TIFA district was created for the Industrial Park North area, located east of N. Mission near US-27.


Meeting Information

The TIFA board meetings are held every other month on the fourth Monday of each month at 8:30 a.m. The meetings are currently held virtually via the platform Zoom.

Notices
Agendas

2009-Current Meeting Minutes

For minutes prior to 2009 please contact staff liaison Michelle Sponseller at (989) 779-5348 or msponseller@mt-pleasant.org


District Maps

Central Business TIFA District

Industrial Park North


Funding Method

TIFA is funded by a portion of the property taxes from the properties located within their districts. The TIFA Board then determines how the funds will be utilized, which directly or indirectly benefits all properties within the district. Typical projects include aesthetic improvements such as landscape, decorative lighting, entry walls, sidewalk brick pavers, planters, banners, holiday decorations, and the ongoing maintenance of those improvements.


Current Capture Rates

Central Business District: 0%

Industrial Park North: 0%


Membership and Staff Contacts

A seven-member advisory board oversees the operation of both TIFA districts. TIFA board members are appointed by the City Commission and serve staggered four-year terms without pay.


Annual Budgets

Central Business District 2021 Amended and 2022 Proposed Budget

Industrial Park North 2021 Amended and 2022 Proposed Budget


Annual Audit

See the City’s 2020 audit for details. A link to the 2020 audit can be found here.

 

Current Adopted Plans

Central Business District (Amendment #5 - February 26, 2018) expires December 31, 2025

Industrial Park North (Amendment #1 - November 26, 2007) expires December 31, 2027

 

Contracts

The following is a list of current contracts:

Central Business District
  • There are currently no contracts for the Central Business District Tax Increment Finance Authority.
Industrial Park North

Synopsis of Activities (Accomplishments/Projects/Investments/Fund Balances)

Central Business District
Accomplishments / Projects / Investments through 2021
  • Reconstruction of parking lots 7 (2020), 6 (2021) and 8 (2021).
  • Replacement of 22 built-in planters with repairs to irrigation and electrical
  • Streetscape installation on Michigan Street from Oak to Washington
  • Purchase of (30) new trash cans and benches (6)
  • Removal and replacement of diseased ash trees, replacement of electrical and irrigation in corresponding areas
  • Annual crack sealing, patching, striping of parking lots
  • Semi-annual PASER ratings of parking lots
  • Reconstruction of parking lot #2, including burial of utility lines and electric car charging station
  • Fire safety grant program
  • Christmas light matching program
  • Removal of aged round concrete planters
  • Purchase of 260 hanging flower baskets

Central Business District Events and Promotional Campaigns
  • No TIFA funds have been used for events and/or promotions since 2006.

Central Business District Fund Balances as of January 1, 2021
  • Total Fund Balance $803,109* consisting of
    • Restricted 2% Allocation: $42,437 to be used for interactive murals (2021)
    • Assigned Façade Improvement Program: $65,586 will continue as projects arise and funds remain available until December 31, 2021.
    • Assigned Capital Budget Projects: $440,803
    • Fire Protection Grants: $0
Central Business District Future Projects
  • 2022
    • Any remaining funds will be used for the engineering and reconstruction of parking lot 5.
Industrial Park North
Accomplishments / Projects / Improvements
  • As the IPN district is near capacity, funds are used in one of two formats:
    • Grounds care of the district and;
    • Business incentives for either new tenants or retaining existing tenants.

Industrial Park North Events and Promotional Campaigns

  • No TIFA funds have been used for events and/or promotions since its inception.

Industrial Park North Fund Balances as of January 1, 2021
  • Total IPN TIFA Fund Balance is $94,736 consisting of:
    • Assigned for Future Operations: $40,000
    • Assigned Utility Connections: $50,000
    • Unassigned: $2,616
Industrial Park North Future Projects
  • There are no capital projects planned for the IPN in the City’s 2022-2027 Capital Improvement Plan.

Current Members of the TIFA Board (term ending)

A seven-member advisory board oversees the operation of both TIFA districts. TIFA board members are appointed by the City Commission and serve staggered four-year terms without pay.

  • George Ronan (City Commissioner)
  • Margaret McAvoy (Isabella County Representative) Alternate: Jerry Jaloszynski
  • Vacant (12/31/22)
  • Vacant (12/31/22) Industrial Park North
  • Rick Swindlehurst (12/31/22)
  • Bryan Wieferich (12/31/22)
  • Rachel Blizzard (12/31/21)

The staff liaison for both TIFA boards is Michelle Sponseller, Downtown Development Director and can be reached at (989) 779-5348 or msponseller@mt-pleasant.org