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HomeMy WebLinkAbout06-12-17 City Commission Packet Materials - C5. DAURD FY17 Report and FY18 Work Plan and Budget Downtown Urban Renewal District FY2017 Annual Report and FY2018 Work Plan and Budget On November 6, 1995, the City Commission passed Ordinance No 1409 adopting the Urban Renewal Plan for downtown Bozeman. The intent and purpose of the Urban Renewal Plan emphasizes: 1. Bozeman’s historical character as a “working” downtown shall be maintained. 2. Traffic movement and access shall be designed with the emphasis on the downtown as a designation rather than improving the flow of through traffic. 3. The facilitation of private/public partnerships is encouraged in the implementation of the Plan. 4. Objectives shall be accomplished by incentives whenever possible. 5. Private property rights will be respected. 6. Administrative practices shall be conducted in a constructive manner which fosters cooperation. The Urban Renewal Plan established nine “Guiding Principles” to provide direction for improving Bozeman’s historic downtown. The Urban Renewal Study Committee considered the first three principles more important than the next three with the last three the least important. However, the Committee deemed all nine principles to be vital to achieving the vision for downtown. Key implementation actions were identified for each principle (may apply to multiple principles, but are only listed once below). 1. Strengthen downtown’s economic vitality • Provide more, better managed parking; retain public offices and anchor businesses; facilitate commercial development; eliminate unnecessary regulatory barriers to reinvestment; enable high density housing; eliminate through truck traffic and restore Main Street as pedestrian-friendly 2. Improve the safety, security and health of the district • Improve traffic flow emphasizing downtown as a destination; improve public works; improve night- time lighting; improve sidewalks; increase police presence; improve alley and parking lot appearance and safety 3. The image of downtown shall be continuously improved • Improve streetscape aesthetics and amenities; enhance appearance of and accessibility to Bozeman Creek; improve trash removal 4. Downtown’s accessibility shall be improved • Provide effective public transportation; better accommodate bicycles; reduce reliance on private automobiles 5. “Community Partnership” is fundamental to downtown’s success • Encourage growth of cultural activities; preserve historic character 6. Downtown’s diversity shall be facilitated 7. The cost of projects and programs shall be weighed against their benefits 8. Downtown shall become more user friendly 9. Cultural activities shall be nurtured and expanded downtown Downtown URD Mission Statement The Downtown Bozeman Urban Renewal District board (URD) will foster an economically thriving district that: 1) attracts investment; 2) stabilizes and strengthens the tax base; and 3) supports the vitality and diversity of the Gallatin Valley as its social and cultural center. 122 Downtown Urban Renewal District Board (URD) FY2017 Annual Report (July 1, 2016 to June 30, 2017) Downtown Parking Garage $ 440,000 invested The URD made the debt service payment of $430,000 on the Bridger Park Garage construction bond. The URD also pledged its interest earnings to the Bozeman Parking Commission’s Long-term Maintenance Fund. This year’s contribution was $10,000. Public Parking Improvements $ 250,000 invested The URD committed this funding for high-priority objectives from the forthcoming Downtown Comprehensive Park Plan. Specifically, this year’s funding was transferred to the Bozeman Parking Division and restricted to purchases, investments, and improvements associated with the “RFP for Purchase of Equipment, Software, and Professional Services Related to Municipal Parking Facilities and Enforcement”. Downtown Fiber Broadband Network $ 154,418 invested In FY2016 funded the design and construction of Phase One of the downtown portion of Bozeman’s Fiber Master Plan. For FY2017 the URD invested over $150,000 for the construction of Phase Two of the downtown fiber network. Downtown Partnership Management Fee $ 105,000 invested The URD is a member of the Downtown Bozeman Partnership, LLC which serves as the incorporated management agency for all the downtown organizations. This management fee pays for a portion of the operating costs of the Downtown Partnership office in addition to much of the payroll costs of Chris Naumann, who serves as the Executive Director of the URD. Downtown Hotel Incentive Program $ 200,000 encumbered In 2013 the URD awarded up to $100,000 to the Etha hotel project and in 2017 $100,000 was awarded to the Lark Hotel. Both awards remain encumbered until the hotels are completed. The purpose of the Downtown Hotel Incentive Grant Program is to encourage the construction of a quality hotel within downtown URD. DURT Phase 1 Engineering $ 34,000 invested The URD continues to design and engineer a large streetscape improvement project involving 21 block faces in downtown. The contract with TD&H Engineering was amended in FY2017 to include preliminary work to form a comprehensive Special Lighting Improvement District (SLID). Technical Assistance Grant Program $ 20,000 invested $ 31,000 encumbered This program supports current or potential developers, owners, and tenants with technical assistance during the preliminary phases of possible redevelopment projects in the downtown tax increment district. This year the URD awarded 2 Planning Grants and 1 Facade Grants to a variety of proposed downtown redevelopment projects. Several grants that were awarded last year have not been completed and the corresponding funds are encumbered. Intersection Cable Anchor System Repairs $ 29,354 invested In 2016 the URD commissioned a structure analysis by Kerin & Associates of the intersection cable anchor system that supports the holiday “spider” decorations. The analysis recommended six cable anchors be repaired or replaced. A second phase of repairs and upgrades were performed this year by Montana Crane. The structural analysis report was updated to reflect the work completed to date. 123 Downtown Parking Data Collection $ 20,000 invested The URD contributed $20,000 to the Bozeman Parking Division for the completion of the 2017 parking inventory and data collection. This work is prescribed in the 2016 Downtown Strategic Parking Management Plan and will be completed by Western Transportation Institute later this year. Streetscape Assistance Program $ 23,975 invested This URD program provides property owners with partial reimbursement for the installation of historic street lamps in accordance with the Downtown Streetscape Plan. The program is designed to stimulate private investment, redevelopment of property and the improvement of public areas in the downtown urban renewal district. Streetscape Element Purchases and Maintenance $ 27,402 invested The URD purchased additional streetscape elements to augment those already located in the downtown district. This year’s purchases included: recycling receptacles, trash receptacles, and bike racks. The URD also funded the on-going maintenance of the streetlamps and Soroptomist Park. Downtown Improvement Plan Update $ 0 invested The URD budgeted $80,000 to be invested in an update of the 2009 Downtown Improvement Plan. This initiative was postponed until FY2018. Code Compliance Program $ 0 invested The program provides property owners with partial reimbursement for life-safety code compliance upgrades. The program is specific to the installation of dedicated fire lines connecting a building’s sprinkler system to the municipal water main. The program has a one-to-one match required of the property owner and a per-project dollar cap of $10,000. Downtown Explosion Impact Fee Relief $ 0 invested On January 19, 2010 the URD and the City of Bozeman entered into a Memorandum of Understanding that the URD would pay the any impact fees associated with construction projects resulting from the destruction of the March 5, 2009 explosion and fire. On April 26, 2013 the MOU was renewed for another three year term. Downtown Housing Incentive Program $ 0 invested The purpose of the Downtown Housing Incentive Grant Program is to encourage the creation of new housing units within downtown URD. The 2009 Downtown Improvement Plan emphasizes the need to increase residential density in Bozeman’s historic core to support downtown as a vibrant and sustainable commercial center. The Program will reimburse a portion of housing-related impact fees for qualifying residential projects. 124 Downtown Urban Renewal District Board (URD) FY2018 Work Plan (July 1, 2017 to June 30, 2018) Downtown Parking Garage $ 440,000 budgeted The URD will make the annual bond payment and long-term maintenance fund contribution for Bridger Park, the downtown parking garage. Downtown Public Parking Improvements $ 250,000 budgeted The URD is committed to partnering with the Bozeman Parking Commission and the Bozeman Parking Division to make strategic improvements to the City-owned parking assets downtown. Funded improvements will be high-priority objectives from the 2016 Downtown Strategic Parking Management Plan. Downtown Hotel Incentive Program $ 200,000 encumbered The purpose of the Downtown Hotel Incentive Grant Program is to encourage the construction of quality hotels within downtown URD District as prescribed by the 2009 Downtown Improvement Plan. The program offers to reimburse up to $100,000 of the impact fees associated with the development of a hotel. In previous fiscal years the URD Board awarded incentives to the Lark and the Etha awards remain encumbered until those projects are constructed. Downtown Residential Incentive Program $ 200,000 budgeted The purpose of the Downtown Residential Incentive Grant Program is to encourage the creation of new housing units within downtown URD. The intent of the program is to increase the residency rate and subsequently the tax base of the URD. The Program will reimburse a portion of housing-related impact fees for qualifying residential projects. Downtown Broadband Infrastructure $ 115,000 budgeted The URD continues to fund the construction of the fiber optic broadband network downtown as a component of the Bozeman Fiber Master Plan. Phase One and Two of the installation occurred in FY2016 and FY2017, funding for FY2018 has been committed for the construction of Phase Three. Downtown Partnership Management Fee $ 110,000 budgeted The URD is a member of the Downtown Bozeman Partnership, LLC which serves as the incorporated management agency for all the downtown organizations. This management fee pays for a portion of the operating costs of the downtown office in addition to the majority of the payroll costs of Chris Naumann, who serves as the Director of the URD. DURT Phase 1 SLID and Improvements $ 100,000 budgeted The URD will continue the design and engineering work for a large streetscape improvement project involving 21 block faces in downtown. This year’s work will focus on forming a new Special Lighting Improvement District and converting several sections of streetlamps from private to public power. Downtown Improvement Plan Update $ 100,000 budgeted The URD has committed funds to update the 2009 Downtown Improvement Plan. This update will not only evaluate the progress accomplished but also the remaining work to be done from the existing plan. The update will also include developing a downtown design district and specific design guidelines as recommended in the 2016 NCOD Analysis. Other funding may include a contribution from the Downtown Business Improvement District and grants. 125 Technical Assistance Grant Program $ 50,000 budgeted $ 31,000 encumbered This program supports current or potential developers, owners, and tenants with technical assistance during the preliminary phases of possible redevelopment projects in the downtown tax increment district. This program facilitates navigating code requirements, preparing for the planning application and approval process, and evaluating historic preservation considerations. Streetscape Assistance Program $ 80,000 budgeted This URD program will provide property owners with partial reimbursement for the installation of historic street lamps in accordance with the Downtown Streetscape Plan. The program is designed to stimulate private investment, redevelopment of property and the improvement of public areas in the downtown urban renewal district. Code Compliance Program $ 50,000 budgeted This URD program provides property owners with partial reimbursement for life-safety code compliance upgrades. The program is specific to the installation of dedicated fire lines connecting a building’s sprinkler system to the municipal water main. The program has a one-to-one match required of the property owner and a per-project dollar cap of $10,000. Downtown Improvement Plan Implementation $ 50,000 budgeted The URD board has allocated funds to be invested in high-priority projects identified by the Downtown Improvement Plan. These funds could be used for further planning or design projects or for implementation of improvement projects. Streetscape Element Purchases and Maintenance $ 35,000 budgeted The URD will continue to supplement the existing streetscape inventory by purchasing additional historic street lamps, trash receptacles, pedestrian benches, tree guards and bike racks. Funding is also available for the ongoing maintenance of the streetlamps and Soroptomist Park. Alley Improvement Incentive Program $ 25,000 budgeted The URD will offer a new program to assist property owners in the implementation of the ideas presented in the Downtown Alley Sketchbook. This document provides numerous examples of how to improve the alley corridors with lighting, landscaping, and hardscaping. The incentive program will focus on assisting with the installation of pedestrian-scale lighting in the alleys. Comprehensive Wayfinding Plan and Installation $ 20,000 budgeted This URD has committed funding to partner with the City of Bozeman to create a comprehensive wayfinding plan and install related signage. Alternative Energy and Transportation Project $ 17,000 budgeted This URD has contributed funding to create a master plan for EV charging, car share, and multi- modal transportation systems. Funding may also be invested in early stage implementation of system infrastructure. North Black Pocket Park $ 15,000 budgeted This URD has designated funding to create a public pocket park in the southwest corner of the North Black parking lot. A request for City Cash-in-Lieu of Parkland funds will be made to match the URD dollars. If approved, the park will be constructed in the fall of 2017 or spring of 2018. Intersection Cable Anchor Repairs $ 10,000 budgeted The URD will continue to invest in the repair of the intersection cable and anchor system. In FY2016 the URD funded a structural analysis of the anchor and cable system. The analysis recommended 126 that 6 anchors be repaired as soon as possible which was completed in November 2016. The other 10 anchors were upgraded in October 2017. A few remaining of the system enhancements will be made this year. Bozeman Library Pedestrian Safety Improvements $ 10,000 budgeted The URD has agreed to contribute to pedestrian safety improvements at the Bozeman Public Library. Specifically, the URD Board has indicated a preference to invest these funds in raised, “table-top” pedestrian crosswalks that also serve as vehicle speed reduction elements. The FY2018 Downtown Urban Renewal District Work Plan and Budget were unanimously approved by the URD Board on May 16, 2017. 127 Downtown Urban Renewal District FY2018 Budget FY2018 Category FINAL Income Starting Cash Balance 1,490,636 Income from TIF (estimated)430,000 COB Interlocal Share 500,000 Entitlement Share State of Montana 45,000 Interest Income (estimated)10,000 Other Income (Library benches)- Total Income 2,475,636 Expense Operations Management Fee and Administration 110,000 Total Operations 110,000 Infrastructure Improvements Street Furniture and Park Maintenance 10,000 North Black Pocket Park Construction 15,000 Streetscape--new purchases 25,000 Streetscape Assistance Program 80,000 Wayfinding Signage--fab & install 10,000 Alley Improvement Incentive Program 25,000 Public Parking Improvements 250,000 Library Pedestrian Safety Improvements 10,000 Code Compliance Program 50,000 Fiber-Broadband Infrastructure 115,000 Intersection Cable Anchor Repairs 10,000 Car Share Implementation 12,000 Total Improvements 612,000 Planning Technical Assistance Grants 50,000 FY16 Encumbered Funds - FY17 Encumbered Funds 31,000 Residential Incentive Program 200,000 Hotel Incentive Program - FY16 Encumbered Funds 100,000 FY17 Encumbered Funds 100,000 Downtown Improvement Plan Update 100,000 DBIP Implementation Funds 50,000 City Wayfinding--Downtown Planning 10,000 DURT Phase 1 & SLID Engineering 100,000 Strategic Parking Plan--Data Collection - Alternative TransportationMaster Planning 5,000 Total Planning 746,000 Parking Structure Garage Bond Payment 430,000 Garage Long-term Maintenance Fund 10,000 Total Parking Garage Payments 440,000 Explosion Impact Fee Expenses Explosion Impact Fees - Total Impact Fee Expenses - Total Expenses 1,908,000 Year End Balance 567,636 128