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Detroit Economic Growth Corporationl
Economic Development Corporationl
Downtown Development Authority
FY 2013-2014 Budget Analysis by the Fiscal Analysis Division
Detroit Economic Growth Corporation (DEGC)
The DEGC is a private nonprofit development organization of public, business, labor
and community leaders established to assist business in expanding or locating in
Detroit. The DEGC provides staff and other administrative services to the Downtown
Development Authority (DDA), Local Development Financing Authority (LDFA), the
Economic Development Corporation (EDC), and the Detroit Brownfield Redevelopment
Authority (DBRA). These development entities do not contain any staff.
The DEGC receives funding primarily from the City of Detroit through its Planning and
Development Department (POD), the DDA, the EDC and corporate contributions. The
DDA, LDFA, EDC and DBRA contributions to the DEGC's budget serve as
reimbursement to the DEGC for staff services, office space, and operating expenses.
In the proposed 2013-14 budget for POD, POD requested a contribution of $850,000 to
the DEGC, but the Mayor recommends a contribution of $700,000, a 17.6% reduction
from POD's request (see Attachment I). The chart below shows the City's contributions
to the DEGC since 2007-08:
City of Detroit's Contribution to the Detroit Economic Growth Corporation
from Its Planning and Development Department
Recom-
mended
FY FY FY FY FY FY FY
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
Contri-
bution
Amount $1,000,000 $1,000,000 $1,000,000 $1,000,000 $850,000 $850,000 $700,000
The DEGC feels the City's contribution helps the organization provide citywide proactive
business attraction and retention efforts, work on vital economic development projects,
and continue to work with the POD during pre-development stages on City projects.
The chart below shows the proposed 2013-2014 budget for the DEGC as compared to
the current year's budget. The DEGC desires a budget for next fiscal year that includes
POD's request of $850,000:
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fiscal year, and it provides the project fee sources. The EDC board approves this
budget. Council approves the City contribution and project fees stemming from
contracts your Honorable Body approve between the EDC and the City of Detroit
for a particular project/fund, such as the Casino Business Fund. The EDC
supplement remains the same as the current year.
(D) Represents DDA's reimbursement to DEGC for staff cost and indirect expenses
(rent, utilities, supplies, etc.). DDA's contract level is the same as the current fiscal
year.
(E) The LDFA budget is based upon tax increment revenues, service fees, City
reimbursement, and interest/other income drawn down from the Michigan
Economic Development Corporation (MEDC) in prior years. The LDFA
contribution remains the same as the current year. See Attachment III for LDFA's
current year's budget that was approved by Council.
(F) The Environmental Affairs Department has entered into a contract with the DBRA
to reimburse the DEGC for DEGC administrative services. See Attachment IV for
DBRA's operating budget for the current fiscal year, adopted by the DBRA board.
(G) Private sector contributions are expected to remain the same as the current year.
(G1) With the approval of the Boards of the various Authorities that DEGC administers,
the DEGC has hired an in-house General Counsel. Funding for the position and
assistance is received through the reallocation of the existing legal budgets of the
various Authorities. This is done at a much lower rate than if the DEGC were still
using an external lawfirm as its General Counsel, resulting in a net savings to the
Authorities.
(H) The DEGC has entered into contractual agreements to provide administrative
services (such as accounting and financial reporting services) for Eastern Market
and the former Next Detroit Neighborhood Initiative (this organization will be
renamed), both Michigan non-profit corporations.
(I) The DEGC includes interest income in the Services/Other Fees revenue line item.
(J ) The DEGC expects to receive this level of service fees from the Detroit Industrial
Revolving Loan Fund (DIRLF). The DEGC has received permission from the
federal Economic Development Administration (EDA) to utilize this fund for
commercial projects as well. Formerly, the EDA Title 9 monies, which support the
loan fund, could be used only for industrial projects. The DIRLF can now provide
up to $200,000 in commercial loan funds. In addition, due to interest rates and the
timing of cash receipts, the DEGC is no longer able to capture any real interest
income in a given year.
Please note that the remaining explanations relate to expenditures.
(K) The DEGC continues to operate with 38 employees and 2 consultants (last year
the DEGC had 3 consultants). In addition, the DEGC has hired an internal General
3
Counsel, and a new Office Manager who is doubling as a Legal Assistant. Fringes
cost remains about 29% of payroll, but cost go up due to normal increases in
health care and the addition of the general counsel and office manager positions.
(L) The DEGC is cutting back on legal services as it realizes some savings bringing an
in-house general counsel. Professional services go down due to reduced funding.
(M) The travel/meetings/marketing budget remains the same.
(N) The rent/utilities/insurance budget remains the same.
(0) The DEGC's line of credit is fully exhausted and no interest payment is expected in
2013-14.
(P) The equipment budget remains the same.
(Q) "Other" includes postage, building maintenance, delivery, supplies, printing, dues,
publications & subscriptions, processing fees, special projects, advertising,
governmental relations/fund raising and other miscellaneous expenses. This
budget remains the same.
The DEGC is organized so that its employees can be more functionally oriented rather
than departmentally oriented. This way, staff can use their skills to work on a broad
spectrum of citywide projects rather than on projects related to a specific area, such as
commercial development. The DEGC has clarified, however, whom employees report
to, thereby, maintaining accountability.
Attached is DEGC's most recent organizational chart (Attachment V).
Economic Development Corporation (EDC)
In the proposed 2013-14 budget for POD, POD requested a contribution of $255,000 to
the EDC, but the Mayor recommends a contribution of $200,000, a 21.6% reduction
from POD's request (see Attachment I). The chart below shows the City's contributions
to the DEGC since 2007-08:
City of Detroit's Contribution to the Economic Development Corporation
from Its Planning and Development Department
Recommended
FY FY FY FY FY FY FY
2007-08 2008-09 2009-10 2010-11 2011-12 I 2012-13 2013-14
Contribution
Amount $300,000 $300,000 $300,000 $300,000 $255,000 $255,000 $200,000
Additionally, as indicated earlier, the EDC does traditionally supplement DEGC's budget
from EDC's project service fees and reserves (see EDC's Supplement per DEGC's
budget in the chart above).
4
The chart below shows the proposed 2013-2014 budget for the EDC as compared to
the current year's budget.
EDC POD's
EDC Proposed Proposed Comment
FY 2012- FY 2013- FY 2013-
13 14 14 Reference
Revenue Budget Budget Allocation Difference Letter
City Contract $255,000 $255,000 $255,000 $0
Expenses
Contractual Services-DEGC $250,000 $250,000 $0 (A)
Legal/Audit Services-EDC 5,000 5,000 0
Total $255,000 $255,000 $0
(A) Represents EDC's reimbursement to DEGC for DEGC staff time and indirect costs
allocated to EDC related activity.
The DEGC hopes to maintain the same level of City contribution in order for the EDC to
provide an adequate amount economic development project services.
However, again at Attachment II, the current year's operating budget for the EDC
describes in more detail other revenues captured by the EDC and what expenditures
they pay for.
Downtown Development Authority (DDA)
The DDA, a public corporation for the City of Detroit, was established for the purpose of
promoting and developing economic growth in the City of Detroit's downtown business
district. The DDA has been authorized to fund its General Fund (operating) budget by
an ad valorem tax of one mill on real and tangible personal property not exempt by law
in the downtown development district, and by a levy on the increased assessed value of
a tax increment district, and the issuance of negotiable revenue and tax increment
bonds to finance the development activities of the DDA.
Note: the DDA could receive two mills on real and personal property for operating
purposes based on the 2010 Census count results.
Unlike the DEGC and EDC, the DDA does not receive a General Fund contribution.
Therefore, the DDA feels they do not need to come before Council during any DEGC
and EDC budget hearing. The DDA has expressed that they would be willing to
address any DDA concerns that Council may have when their operating budget is
5
presented to them in J une. Attachment VI represents the current year's operating
budget for the DDA City Council approved in J uly 2012.
Council will recall as well that pursuant to State Public Act No. 197, Council approves
the Tax Increment Finance Plan, which delineates the anticipated development projects
in the downtown area. Whenever the TIF Plan is amended, the DDA board must first
approve the amendments, and then the amendments come before Council for approval.
This process additionally gives Council an opportunity to review the DDA's policies,
plans, and procedures as they relate to development activity in the downtown area.
Attachment VII represents an excellent chart from the most recent Capital Agenda
showing the relationship of the DEGC and related development entities (DDA, EDC,
etc.) commonly known as the "alphabet soup". The Capital Agenda also contains brief
descriptions on these development entities with past and pending projects.
Issues and Questions
DEGC
Please describe the impact of the Mayor's proposed 17.6% cut to the City's contribution
to the DEGC, going from $850,000 to $700,000, on DEGC services.
Please describe the DEGC's understanding of Planning and Economic Development
and City Planning Commission functions consolidating with the DEGC and this will
improve service delivery.
Please provide the most recent accomplishments by the DEGC, including both
downtown and neighborhood development projects.
What major new economic projects the DEGC anticipates working on in 2013-14 for
both downtown and neighborhood development?
Does the DEGC anticipate the DDA board approving any modifications to the Tax
Increment Financing Plan and Development Plan for Development Area No.1 soon for
Council's approval?
Please describe the impact of the Mayor's proposed 21.6% cut to the City's contribution
to the DEGC, going from $255,000 to $200,000, on EDC services.
Please provide the most recent schedule of the Casino Business Development Fund
dollars, showing budget versus actual revenues and expenditures, with balances. If
available, please provide an explanation of individual program expenditures to date.
What major industrial projects you have on the horizon?
BRDA
6
Please provide the most recent spreadsheet of brownfield redevelopment projects with
anticipated investment and job creation levels.
What is causing the lower number of brownfield redevelopment projects in the last year
coming before Council?
LDFA
Is the Local Development Finance Authority generating sufficient tax increment
revenues to meet debt service requirements?
Is the Downtown Development Authority generating sufficient tax increment revenues to
meet debt service requirements?
Other
Please provide a copy of the J une 30, 2012 audited financial statements for the DEGC
and affiliates, EDC, LDFA, DBRA, and the DDA.
IC: 1\2013-14\IC\DEGC-EDC-DDA 13 14.doc
Attachments
7
.p~,-h~t .... r
.r
CITY OF DETROIT
Planning and Development Department
Financial Detail by Appropriation and Organization
2012-13 2013-14 2013-14
Redbook Dept Final Mayor's
Community Development
Request Budget Rec
Community Development
FTE AMOUNT FTE AMOUNT FTE AMOUNT
APPROPRIA TlON
ORGANIZA TION
00014 - Community Development
360130 - Community Development 0 $219,357 0 $271,782 0 $181,966
APPROPRIATION TOTAL 0 $219,357 0 $271,782 0 $181,966
00595 - Economic Development Corporation
360134 - Economic Development Corporation 0 $255,000 0 $255,000 0 $200,000
APPROPRIATION TOTAL 0 $255,000 0 $255,000 0 $200,000
00597 - Economic Growth Corporation
360135 - Economic Growth Corporation 0 $850,000 0 $850,000 0 $700,000
APPROPRIATION TOTAL 0 $850,000 0 $850,000 0 $700,000
05797 - Eight Mile Boulevard BG
360600 - Eight Mile Boulevard BG 0 $22,700 0 $22,700 0 $22,700
APPROPRIATION TOTAL 0 $22,700 0 $22,700 0 $22,700
11134 - Office of Neighborhood Development - PO
363125 - Office of Neighborhood Development 1 $125,764 0 $0 0 $0
APPROPRIATION TOTAL 1 $125,764 0 $0 0 $0
11302 - ONCR Project
363138 - ONCR Project 0 $40,000 0 $0 0 $0
APPROPRIATION TOTAL 0 $40,000 0 $0 0 $0
12368 - DTC Loan Repayment
364046 - DTC Loan Repayment 0 $147,000 0 $147,000 0 $147,000
APPROPRIATION TOTAL 0 $147,000 0 $147,000 0 $147,000
13529 - Section 108 Loans
364082 - Garfield Sec 108 Loan 0 $260,603 0 $251,805 0 $251,805
364083 - Stuberstone Sec 108 Loan 0 $35,658 0 $34,485 0
$34,485
364084 - Ferry Street Inn Sce 108 Loan 0 $266,426 0 $332,888 0 $332,888
364085 - New Amsterdam Sec 108 Loan 0 $842,321 0 $843,545 0 $843,545
364086 - Mexicantown Mercado Sec 108 Loan 0 $0 0 $574,130 0 $574,130
364087 - Garfield II Sce 108 Loan 0 $487,710 0 $485,755 0 $485,755
364088 - Vernor Lawndale See 108 Loan 0 $97,489 0 $545,874 0 $545,874
364089 - Book Cadillac Sec 108 Loan 0 $921,323 0 $1,623,003 0 $1,623,003
36-9
~J. n\ (IV) + : 7/
ECONOMIC DEVELOPMENT CORPORATION OF THE CITY OF
DETROIT
OPERATING BUDGET
JULY 1, 2012 TO JUNE 30, 2013
Proposed Budget
June 3D, 2013
REVENUE
City of Detroit
TSF From Waterfront Reclamation
TSF From Other Projects
TSF From Casino Development Fund
TSF FromWayne State UDAG
TSF From Trizec Annuity
Other Revenue & Service Fees
255,000
200,000
140,000
350,000
50,000
350,000
25,000
TOTAL REVENUE 1,370,000
EXPENSES
Detroit Economic Growth Corp
Detroit Economic Growth Corp Special Proj
Other Projects Administrative Fees
Legal Services
Audit
Miscellaneous
650,000
500,000
140,000
33,000
27,000
20,000
TOTAL EXPENSES 1,370,000
Operating Surplus/(Shortfall) o
Debt Service
(Increase)/Decrease in Reserve
o
o
NET SURPLUS/(SHORTFALL) o
II ~Lh rYl.fVl r 'fir
LOCAL DEVELOPMENT FINANCE AUTHORITY
OPERATING BUDGET
JULY 1,2012 TO JUNE 30,2013
Proposed Budget
June 30, 2013
REVENUE
TAX INCREMENT REVENUES RELEASED CURRENT YEAR
CITY REIMBURSEMENT
INTEREST/OTHER INCOME
150,000
o
25,000
TOTAL OPERATING REVENUE 175,000
TOTAL REVENUE 175,000
EXPENSES
DETROIT ECONOMIC GROWTH CORPORATION
MAINTENANCE/OTHER
125,000
50,000
TOTAL OPERATING EXPENSES 175,000
TOTAL EXPENSES 175,000
Operating Surplus/(Shortfall) o
(lncrease)/Decrease in Reserve o
NET SURPLUS/(SHORTFALL) o
r:\Idfa\operating\budget2012_ 13.xls
A~~"",,,fV\t- F
CITY OF DETROIT BROWNFIELD REDEVELOPMENT AUTHORITY
OPERATING BUDGET
JULY 1, 2012 TO JUNE 30, 2013
Proposed Budget
June 30, 2013
REVENUE
CITY OF DETROIT
BROWNFIELD APPLICATION / ADMIN. FEES
INTEREST/OTHER INCOME
o
235,000
500
TOTAL REVENUE 235,500
EXPENSES
DETROIT ECONOMIC GROWTH CORPORATION
PUBLIC NOTICES/ADVERTISING
LEGAL
AUDIT
INSURANCE
WORKSHOPS/PROMOTION
OTHER EXPENSES
250,000
26,000
30,000
10,000
22,000
1,500
1,000
TOTAL EXPENSES 340,500
Operating Surplus/(Shortfall) (105,000)
(Increase)/Decrease in Reserve 105,000
NET SURPLUS/(SHORTFALL) o
r:\dbra\operating\budget12_ 13.xls
Diane Stafford
Executive Assistant
George W. J ackson, J r.
CEO
-----------
( \
I Ron Flies I ____-J I
I Executive Consultant I
,----------~
Rebecca Navin
General Counsel
OEGC
~
We're all business.
Art Papapanos
Vice President
Board Administration
r---I-----,
J ennifer Kanalos
Brownfield
Redevelopment
Program Manager
Gay Hilger
Administrative
Associate
Tiffini D. Smith
Director
Corporate Communications
Brian Holdwick
Executive Vice President
Business Development &
Financial Services
Olga Stella
Vice President
Business Development
Waymon Guillebeaux
Executwe Vice President
Project Management &
Construction Services
( - -G~ry-B::n - ':
----~: Construction I
, Consultant I
--------' "
I
Carla Hudson
Document
Management
Malinda J ensen
Director
Business Development
Mark Denson Tracie Tillinger
Business Development Business Development
Manager Manager
Kenyetta Harriston-
~
William Dillon
Bridges
Business Development
BusinessDevelopment
Manager
Manager
Mariangela Pledl
H
Spencer Olenik
Business Development
Development Assistant
Manager
Wendy Hill
Development
Associate
Malik Goodwin
Vice President -
Project Management
I
Will Tamminga
Director
Project Management
Scott Veldhuis Tim Miles
Senior Project Senior Project
Manager Manager
Cleveland Dailey, III Orza Robertson
Project Manager Project Manager
Denise Colona
~
11
David Tobar
Project Manager Project Manager
y
Sandra Smith
~
Andrea Haas
Real Estate Manager Associate Project
Manager
Glen Long, J r.
Vice President Administration
Chief Financial Officer
Kelly Shovan
H
J oyce J osaitis
Assistant
Controller
Office Manager
Denise Hundley lJ
Vickey Thompson
Contract & Benefits
Finance Associate I I
Administrator
Elizabeth Reaves
H
Edward Fisher
Accounting
Office Assistant
Associate
~
Sheila Anthony
Receptionist
~
Lamont Davis
LAN/WAN
Administrator
1
Terrance J ordan
Senior LAN
Administrator
Tec hnology
Coordinator
/J~hYl1e~r <III
DOWNTOWN DEVELOPMENT AUTHORITY
BUDGET
2012-2013
2012-13
BUDGET
REVENUES:
Current taxes - one mil $ 850,000
Earnings on investments 1,000
Transfer from Tax Increment Fund 500,000
State BusinessTax Refund 0
Parking Operations 825,000
Other 20,000
From/(To) prior year balance 334,000
TOTAL REVENUES $ 2,530,000
EXPENSES:
Contrac tual Servic es
Detroit Economic Growth Corp $ 1,500,000
Annual Audit 29,000
Sub-Total $ 1,529,000
Professional Servic e Fees
Legal Services $ 200,000
Insurance 250,000
Advertisi ng/Marketi ng 16,000
Computer Support 10,000
Sub-Total $ 476,000
Parking Lots Management $ 25,000
Spec ial Projec ts & Contingenc ies $ 500,000
TOTAL EXPENSES $ 2,530,000
r:\acct\dda\operatin\bud12_ 13.xls
- - -
David Bing
Mayor - City of Detroit
Indicates a Professional
,24123 st Services Agreement exists
between the entities
PROPOSED CAPITAL AGENDA FY 2013-14 through 2017-18
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Woodward
Corridor
Improvement
Authority
316

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