HomeMy WebLinkAbout09-18-17 City Commission Packet Materials - C2. Impact Fee Payment Agreement with Cannery District for Oak Street
Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Shawn Kohtz, Project Engineer Richard Hixson, City Engineer
SUBJECT: Cannery District Phase 2 Impact Fee Payment Agreement Improvements to Oak Street MEETING DATE: September 18, 2017
AGENDA ITEM TYPE: Consent Agenda
RECOMMENDATION: Authorize City Manager to sign BACKGROUND: Attached is a copy (original to City Clerk) of the City of Bozeman Impact
Fee Payment Agreement for improvements to Oak Street. Engineering
and Legal staff developed the proposed agreement in conjunction with the
Developer, Cannery District Partners, LLC, who executed the agreement
and returned it to the City for signature by the City Manager. Funds for
improvements to Oak Street are in the approved capital improvements
program as street impact fee and arterial and collector district project
number SIF109 in Fiscal Year 2019. Per the attached agreement, the
Developer will construct and pay for the Developer’s portion of the
improvements, and the remainder of the improvements to Oak Street will
be paid from the street impact fee and arterial collector district funds in
SIF109. The Developer will not be reimbursed until the project is
complete and not until the beginning of Fiscal Year 2019.
FISCAL EFFECTS: Defined in the approved Street Impact Fee item SIF109 in the
Capital Improvements Program and in the attached agreement. ALTERNATIVES: As suggested by the City Commission.
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Attachments: City of Bozeman Impact Fee Payment Agreement
Report compiled on: 9/6/17
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