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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 on the fourth Monday every other month at 8:30 a.m. The meetings are held in Conference Room A (upstairs), Mt. Pleasant City Hall, 320 W. Broadway. Meeting dates for 2020 are as follows:

February 5 (Special Meeting)
March 23
May 18* - Canceled
May 28 (8:00am Virtual Meeting)
July 27
September 28
November 16*
January 25, 2021

Upcoming ELECTRONICALLY CONDUCTED Meeting Agenda & Packet

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%


Annual Budgets

Central Business District 2020 Amended and 2021 Proposed Budget

Industrial Park North 2020 Amended and 2021 Proposed Budget


Annual Audit

See pages 1-12 and 60-63 of the City’s 2018 audit for details. A link to the 2018 audit can be found here.


TIF PA 57 Annual Reports

Status of Tax Increment Financing Plan for Fiscal Year Ending 2019

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

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
  • 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 basket

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

Fund Balances as of January 1, 2020
  • Total Fund Balance $803,109 consisting of:
    • Restricted 2% Allocation: $42,437 to be used for interactive murals (2021)
    • Assigned Façade Improvement Program: $57,876 will continue as projects arise and funds remain available until the plan expires in 2025.
    • Assigned Capital Budget Projects: $652,796
    • Fire Protection: $50,000
Future Projects
  • 2021
    • Design of parking lot #3
    • Reconstruction of parking lot #6
    • Reconstruction of parking lot #8
  • 2022
    • Parking Lot Renovations
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.

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

Fund Balances as of January 1, 2020
  • Total Fund Balance $96,306 consisting of:
    • Assigned for Future Operations: $40,000
    • Assigned Utility Connections: $50,000
    • Unassigned: $6,306
Future Projects
  • There are no capital projects planned for the IPN in the City’s 2021-2026 Capital Improvement Plan.

Current Membership and Staff Contacts (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.

  • Margaret McAvoy (Isabella County Representative) Alternate: Jerry Jaloszynski
  • William Joseph (12/31/2020)
  • Rachel Blizzard (12/31/21)
  • James Horton II (12/31/22) Industrial Park North
  • Rick Swindlehurst (12/31/22)
  • Bryan Wieferich (12/31/22)
  • Vacant (12/31/22)

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