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Home My WebLink AboutTIF Minutes 4-16 / Downtown Tax Increment Finance Board Meeting Minutes April 19, 2016 Attending: Bobby Bear, Bob Hietala, Vonda Laird, Jeff Krauss, Chris Naumann Absent: Shannon Haish, Bob Lashaway, Bill Stoddart Public Comments: None Disclosure: None Minutes ACTION: Bob Hietala moved to approve the March minutes as presented. Vonda Laird seconded the motion. All voted in favor. Financial Report Chris presented the finance report as of April 17, 2016. No new income to report since the February figures. The most recent expenses included: $25,000 for Downtown Partnership 4th quarter management fee and approximately another $7,000 on four different projects. The board had no other questions regarding the finance report. Executive Director’s Report Technical Assistance Program Update—NO CHANGES Four grants have been awarded in FY2016—shown at the bottom of the chart. The chart also lists uncompleted grants that were awarded in FY2015. Keep in mind that the committed grant amounts are only tentative since the actual reimbursement amount will be determined as a one to one match upon completion of the grant work. As a reminder, the Planning grants have a $7500 cap and the Façade grants are capped at $3000. Bold listings indicate completed. / Downtown Fiber Network Project Update Two construction bids were received for the installation of the fiber conduit within the Downtown and North 7th urban renewal districts. Saunders Line Construction is preparing to implement the following timeline: May 9: Project Start Date Late May: begin work in downtown district June 30: Project Completion Date I will be communicating with downtown property and business owners the specific blocks where they will be working a week in advance via e-announcements. New Floodplain Map Update During meetings with the Downtown BID and TIF boards questions surrounding the potential for Mill Ditch to be utilized as a downtown flood mitigation facility were raised. The draft floodplain area downtown is expansive, due in part to reduced flow moving down Mill Ditch in the draft hydraulic model when compared to the existing effective model. Water in Mill Ditch is diverted from Bozeman Creek and forms the “stream” at the base of Peet’s Hill that moves through the Library property and Lindley Park before discharging to the East Gallatin River north of the Interstate. Conceptually, Mill Ditch could serve as a flood control bypass facility for the downtown area. An evaluation of the capacity of the ditch to serve this purpose must be performed, however, which will require engineering analysis and manipulation of the FEMA hydraulic model to understand how the respective floodplains of Bozeman Creek and Mill Ditch would change if more floodwater is directed from one to the other. The results of the evaluation would inform decisions on whether to pursue a potential flood hazard mitigation project. To perform this evaluation, the Engineering Division has placed $20k in the proposed FY17 budget and will be issuing an RFP to select a qualified engineering firm to perform this work in the near future. The $20k would also fund an overall evaluation of the FEMA hydraulic model to identify potential problem areas in the draft mapping for the city to bring forward during the formal appeal period. Building Project Updates Lark Addition (corner of Grand and Main) 4-5 story building with 28 new Lark hotel rooms. Passed through DRC and DRB. CC Final Site Plan Approval has been delayed at the request of the applicant. 5 West Building (northwest corner of Mendenhall and Tracy) Construction began on Friday October 2nd with the demolition of the old Opportunity Bank building. Scheduled to open in Jan/Feb 2017. Etha Hotel (old Armory building) the project has all the entitlements and permits needed to begin construction but no start date has been publicized. Willson Residences (old East Willson School) being redeveloped into 18 residential units with underground parking. Partial completion scheduled for Summer 2016. NeBo (400 block of East Mendenhall) 2 buildings, four floors each. 12 residential units each with 2-car garage. Expected completion 4th quarter 2016. Rialto Theater Application to redevelop the Rialto has been reviewed by the DRC. Next steps include submitting FSP and Building Permit. New Businesses Update Bozeman Taproom—Mendenhall/Rouse…Service Elec (north) opening in June Union Market— Mendenhall/Rouse…Service Elec (south) opening in July Spice and Tea Shop—Stylon Bisl Restaurant— now open in Poor Richards space Restaurant—Universal Athletics Delicious Bakery—Downtowner (third down from Babcock corner) opening in May Berkshire Hathaway Real Estate—Perspectives/Downtowner (nearest Babcock corner) Finn Restaurant—closed…new Mexican bar and restaurant opening this summer Caspian—Persian restaurant opening end of April in Bozeman TV and Appliance space ???—Element Hotel restaurant still lacks a proprietor Planning Updates In this section I will provide update about several important City planning processes. City of Bozeman Planning Updates Transportation Master Plan www.bozemantmp.com Consultants: Peccia & Associates (Helena), Alta Planning (Bozeman) Timeline: September 2015 (kickoff) through September 2016 (adoption) UDC Revisions http://bozeman.net/Projects/UDCCodeupdate/Home Consultants: Makers (Seattle), Leland Group (Portland), Studio Cascade (Spokane) Timeline: September 2015 (kickoff) through February 2017 (adoption) Neighborhood Conservation Overlay District Analysis Consultants: KLJ/ArchTrio Timeline: Final report released December 18, 2016 http://www.bozeman.net/CMSPages/GetFile.aspx?nodeguid=39be de2f-b3ab-4c6c-a7c3-f2d4696e4ecb&lang=en-US Comprehensive Parking Plan Consultants: Rick Williams Consulting (Portland) Timeline: September 2105 (kickoff) through April 2016 (adoption) City Vision & Strategic Plan Consultants: HDR Timeline: March 2016 (kickoff) through October 2016 2017 Downtown Improvement Plan Consultants: yet to be determined Timeline: yet to be determined…RFP summer 2016 2017 Community Plan (City Growth Policy) Update Timeline: October 2016 through late 2017 Discussion and Decision Items Draft FY2017 Budget Chris presented the draft FY17 budget (see below). Projected revenues equal just shy of $2.5 million. Expenses over $100,000 include: $430,000 for garage debt service; $150,000 for fiber internet infrastructure; $250,000 for public parking improvements; $105,000 for Partnership management fee; $100,000 residential incentive program; $100,000 encumbered hotel incentive; and $100,000 explosion impact fee program. Chris highlighted two new expenses for FY17: 1) $60,000 for Downtown Plan update; and 2) $60,000 for one-way traffic modelling project. The board agreed these should be included in the budget. The board also said they would like to renew the BPC-TIF MOU to contribute the interest income to the garage long-term maintenance fund. Chris said he would prepare a new 3-year MOU and gather the necessary signatures. Chris reminded the board that the Explosion Impact Fee MOU expires December 31, 2016 and that the board had previously discussed not renewing it for a third 3-year term. Chris said he would make the modifications discussed and the board would review and approve the budget at the May meeting. /