HomeMy WebLinkAboutTIF Minutes 5-16 /
Downtown Tax Increment Finance
Board Meeting Minutes
May 17, 2016
Attending: Bobby Bear, Bob Hietala, Vonda Laird, Bob Lashaway, Bill Stoddart, Chris Naumann
Absent: Shannon Haish
Public Comments:
Erik Nelson of Think Tank Design Group provided
public comment regarding the plans to construct a new building at the corner of Grand and Main as an addition to the Lark Hotel. He informed the board that they did not apply for the
TIF Hotel Incentive grant with the original Lark because it only had 39 rooms thus not meeting the minimum room criteria of 50. The new building will have 25+ new rooms also not qualifying
for the incentive program.
Erik posed the question whether or not the phased development of the 65+ room Lark would be eligible for the Hotel Incentive grant program.
Disclosure: None
Minutes
ACTI
ON: Bob Lashaway moved to approve the April minutes as presented.
Vonda Laird seconded the motion.
All voted in favor.
Financial Report
Chris presented the finance report as of
May 17, 2016.
Updated income figures were noted in the report bring Y-T-D total to $2,533,356.
The most recent expenses included: approximately $10,000 for streetscape purchases and
maintenance plus fee and approximately another $18,000 on Technical Assistance Grant payments.
The board had no other questions regarding the finance report.
Executive Director’s Report
Technical
Assistance Program Update
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.
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Downtown Fiber Network Project Update—NO CHANGE
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
On May 9th, the City Commission authorized the City Manager to sign a Professional
Services
Agreement with Allied Engineering Services, Inc. for the purposes of completing a floodplain
model evaluation at a cost of $19,670.
The scope of services for the floodplain
model evaluation will include:
Mill Ditch evaluation to determine the effect on the Bozeman Creek and Mill Ditch floodplain by increasing the flow in the ditch.
General model review
of Bozeman Creek with a focus on the downtown reach.
Perform a 2D modeling analysis of flooding behavior in the downtown area.
Evaluate flooding in proximity to Creekside Park on Lamme
Street since modeled flood behavior does not accurately simulate observed flooding behavior at this location.
Building Project Updates
Lark Addition (corner of Grand and Main) 4 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 now open in old 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=39bede2f-b3ab-4c6c-a7c3-f2d4696e4ecb&lang=en-US
Comprehensive Parking Plan
Consultants: Rick Williams Consulting (Portland)
Timeline: September 2015
(kickoff) through July 2016 (adoption)
Draft Plan released May 2016
http://www.bozeman.net/Smarty/media/Parking_Media/Reports/Bozemand-Parking-Management-Plan-Combined-Final-Report.pdf
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 (attached below) that was discussed and revised at April meeting.
The board decided to double the Streetscape Assistance Program funding from $40,000 to $80,000
to further incentivize property owners since the Streetscape Project in on hold. Chris will revise the grant application and present to the board in the future.
The board agreed to allocate
$250,000 to public parking infrastructure improvements to fund high-priority projects identified in the Comprehensive Downtown Parking Plan.
The board discussed and decided to earmark
$10,000 to the Public Library pedestrian safety improvements. The funds will be specifically directed at a specific part of the improvement plan pending a formal request from the library.
$150,000
was dedicated to further development of the downtown fiber network infrastructure.
The board agreed to $50,000 towards the intersection cable anchor repair project.
The board asked Chris
to revise the Residential Incentive program to provide more funding for each project. They allocated $200,000 for the program this year.
The board decided to keep the Hotel Incentive
Program open for one more year with $100,000 in the FY17 budget.
The board committed $80,000 to the Downtown Improvement Plan Update contingent on the development of a design overlay
district.
$20,000 was pledged to the Bozeman Parking Commission to help with data collection as prescribed by the Comprehensive Downtown Parking Plan.
In total, as amended, the FY17
budget includes $2,458,225 of income and $1,777,500 in expenses; leaving a year-end balance of $680,725.
ACTION: Bob Lashaway moved to approve the FY2017 Budget as discussed and revised.
Bobby
Bear seconded the motion.
All voted in favor.
Downtown Improvement Plan Update
Chris informed the board that he had met with Wendy Thomas, City Community Development Director, and
she agreed to submit a Montana Department of Commerce Community Development Block Grant application. Chris will prepare the grant application which will request $20,000 of funding for
the Downtown Improvement Plan Update. The application period opens July 1, 2016 and funding is allocated on a rolling basis.
Chris also said he was going to request $15,000 to $20,000
from the BID Board.
Meeting was adjourned at 1:05pm
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