HomeMy WebLinkAboutNEURD Resolution 4732 presentation 11-21-16Economic Development
Northeast Urban
Renewal District
Resolution 4732
November 21, 2016
Economic Development
District Plan
Economic Development
District Principles
o Ensure the health,safety and security of the
District;
o Balance commerce and livability in the District
within the mixed-use framework;
o Honor the unique character and vitality of the
District;
o Public open space is essential to a health and
appealing urban environment;
o The costs of the projects and programs shall be
weighted against the benefits to the District;
o Public property shall not be acquired for other
private use through the eminent domain process in
the implementation of any aspect of this plan;
o The City shall not limit its vision for the District
improvements to monies available solely through
TIF finding;
o Projects shall consider impacts on adjacent
neighborhoods;and
o The City shall consider the impact on the District of
all projects undertaken outside of the District.
Economic Development
Northeast Urban Renewal Board Members
Voting
Erik Nelson, Chair
Jeanie Wesley-Wiese, Vice Chair
Robert Pavlic
Daniel Doehring
Bobbi Clem
Non-Voting
John Usher
Tom Noble
Commission Liaison
I-Ho Pomeroy
Economic Development
FY 17 District Work Plan
Economic Development
FY 17 District Work Plan Designated Projects
1)East Tamarack Street reconstruction;
2)East Peach Street reconstruction;
3)Pedestrian R/R crossing upgrades at
North Wallace Avenue;
4)East Aspen Street/Pedestrian Bridge;
5)Alternative Front Street
reconstruction;
6)Alternative North Ida Avenue
reconstruction; and
7)Alternative Quiet Zone Feasibility
Study. Additionally, the approved FY
17 budget included cost estimated for
bonding the district, both counsel
services and payment as well as
allocating a reserve fund.
Economic Development
Summary of Proposed Projects with cost estimates
1)Reconstruction of East Tamarack
Street -$582,500;
2)Reconstruction of East Peach Street -
$743,800;
3)Reconstruction of North Ida Avenue -
$290,500;
4)Reconstruction of Front Street -
$193,700; and
5)Reconstruction of East Aspen Street
and construction of a pedestrian
bridge to cross Bozeman Creek and
connect to the existing trail -
$166,200.
Economic Development
Table of Project Cost Estimates
Economic Development
Table of Estimated Bonding Capacity
Economic Development
Resolution 4732
Economic Development
Next Steps
Economic Development
Questions?