Tax Increment Finance Authority (TIFA)

Mt. Pleasant has three tax capture districts, two Tax Increment Finance Authorities (TIFA) (current page) and one Downtown Development Authority (DDA).

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 quarterly (February, May, August, and November), on the fourth Monday at 8:30 a.m..

*Please note, the February 27, 2023 TIFA meeting has been canceled.

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

• 2022 Amended and 2023 Proposed

Industrial Park North

• 2022 Amended and 2023 Proposed

Annual Audit

See pages 1-12 and 58-61 of the City’s 2021 audit for details.

A link to the 2021 audit can be found here.

 

TIF PA 57 Annual Reports

Central Business District

• Status of Tax Increment Financing Plan for Fiscal Year ending in 2022
• Status of Tax Increment Financing Plan for Fiscal Year ending in 2021
• Status of Tax Increment Financing Plan for Fiscal Year ending in 2020
• Status of Tax Increment Financing Plan for Fiscal Year ending in 2019

Industrial Park North

• Status of Tax Increment Financing Plan for Fiscal Year ending in 2022
• Status of Tax Increment Financing Plan for Fiscal Year ending in 2021
• Status of Tax Increment Financing Plan for Fiscal Year ending in 2020
• Status of Tax Increment Financing Plan for Fiscal Year ending in 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

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

• Grounds Care Contract

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, 2023

• Fund Balance $0

Central Business District Future Projects

• 2023
  • All future projects in the district will be funded by Capital Improvement millage

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, 2023

• Total IPN TIFA Fund Balance is $96,181 consisting of;
  • Assigned for Future Operations: $40,000
  • Assigned Utility Connections: $50,000
  • Unassigned: $6,181

Industrial Park North Future Projects

• There are no capital projects planned for the IPN in the City’s 2024-2029 Capital Improvement Plan.

Current Members of the TIFA Board

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.

• Brian Assmann (City Commissioner) (term expires 12/31/2023)
• Rachel Blizzard (12/31/26)
• Jerry Jaloszynski (Isabella County Representative) (term expires 12/31/2023) Alternate: Christopher Embrey  
• Rick Swindlehurst (12/31/26)
• Bryan Wieferich (12/31/26)
• Vacant (12/31/26)
• Vacant (12/31/23) Industrial Park North

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