Home GRCC Board of Trustees Corridor Improvement Districts to cost GRCC $200,000

Corridor Improvement Districts to cost GRCC $200,000

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By Kayla Tucker – Editor-in-Chief

During the last Grand Rapids Community College Board of Trustees meeting of the year Vice President of Finance Lisa Freiburger made board members aware of two corridor improvement districts happening near campus.

Previously, the board could opt out of participating but because the city qualified the college as qualified corridor improvement districts, that option is no longer available.

“We as an institution do not have the ability to opt out,” Freiburger said.

The two areas are the Michigan Street corridor and an amendment to the Madison Square area. In total, the cost will amount to roughly $200,000 over a 30-year period, with the incremental taxes being taken out of GRCC’s operating millage within the Kent Intermediate School District.

In other finance areas, the board unanimously approved the annual property tax, where 100 percent will be collected next summer.

Provost Laurie Chesley presented the student success indicator report, which reflected on students’ fall to fall retention and data on students in remedial courses, and Executive Director of the GRCC Foundation Kathy Mullins updated the board on what the foundation was doing, announcing that the most recent Giving Tuesday event raised $3,910.

Trustee Deb Bailey, along with the other trustees, sent the audience off with kind words.

“Enjoy the well deserved time off for the next couple weeks,” Bailey said. “It’s been a really good year.”