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Home My WebLink About06-04-18 City Commission Packet Materials - C16. FY18 Downtown URD Annual Report and FY19 Work Plan and Budget Downtown Urban Renewal District FY2018 Annual Report and FY2019 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. 286 Downtown Urban Renewal District Board (URD) FY2018 Annual Report (July 1, 2017 to June 30, 2018) All investments over $10,000 are documented below 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 T2 technology system. Downtown Partnership Management Fee $ 110,000 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 $ 100,000 invested $ 100,000 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. The Etha award remains encumbered until completion of the construct. The Lark award will be processed and paid in June of 2018. The purpose of the Downtown Hotel Incentive Grant Program is to encourage the construction of a quality hotel within downtown URD. Streetscape Assistance Program $ 48,975 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 $ 39,500 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. Technical Assistance Grant Program $ 10,500 invested $ 10,500 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 1 Planning Grants and 1 Facade Grants to a variety of proposed downtown redevelopment projects. One grant that was awarded last year has not been completed and the corresponding funds are encumbered. Intersection Cable Anchor System Repairs $ 12,750 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 final 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. 287 Downtown Urban Renewal District (URD) FY2019 Work Plan (July 1, 2018 to June 30, 2019) 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 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 Partnership Management Fee $ 113,500 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 most of the payroll costs of Chris Naumann, who serves as the Director of the URD. Downtown Hotel Incentive Program $ 100,000 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. The Etha award remain encumbered until the project is completely constructed. Professional Services Term Contract $ 100,000 budgeted The intent of this term contract is to allow the URD to nimbly respond to needs for professional services to implement this work plan and the Downtown Improvement Plan. It will also allow the URD to respond to unanticipated issues. The professional services will include but not be limited to engineering, architecture and urban planning. North Black Pocket Park $ 100,000 budgeted This URD has designated funding to create a public pocket park in the southwest corner of the North Black parking lot. Other improvements made in conjunction with the construction of the park will include relocating the vehicle egress and installing a new streetscape along North Black. Additional funding has been committed from the City Cash-in-Lieu of Parkland funds and the City Parking Enterprise Fund. The park will be constructed in the fall of 2018. 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. 288 South Wallace Asbestos Project $ 75,000 budgeted The URD board has committed these funds to either be invested in the analysis and/or remediation of the asbestos contamination under the South Wallace roadway. Technical Assistance Grant Program $ 50,000 budgeted $ 10,500 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. Bridger Park Garage Bus Shelters $ 60,000 budgeted The URD has committed funds to purchase several high-quality transit shelters to be installed on the north side of the Bridger Park garage. These shelters will improve the safety and convenience for Streamline bus passengers. Structured Parking Feasibility Analysis $ 50,000 budgeted The URD will finance a feasibility site analysis of potential locations for the construction of structured parking in the downtown district. The sites will at a minimum include those specifically identified in the 2016 Strategic Downtown Parking Management Plan. Downtown Improvement Plan Implementation $ 50,000 budgeted This funding is intended to be available for smaller investments in the implementation of the 2018 Downtown Improvement Plan objectives. Foodplain Analysis—Phase Two $ 50,000 budgeted The URD contributed $42,000 in FY2017 for Phase One of the Bozeman Creek floodplain analysis of the new proposed FEMA map. This additional funding was granted upon the request of the Bozeman Public Works Department to finalize the contract with Allied Engineering and negotiations with FEMA. Life-Safety Grant 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 Project Management Contract $ 40,000 budgeted The URD board has allocated funds to be invested in a professional services contract or contracts to assist with URD project management. These funds can be used to contract additional personnel to assist with completing the FY2019 work plan. Streetscape Element Purchases and Maintenance $ 37,500 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. DURT Phase 1 SLID and Improvements $ 25,000 budgeted 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. 289 Sewer Capacity and Buildout Analysis $ 25,000 budgeted The URD invested approximately $45,000 in FY2017 for extensive sewer flow monitoring in the district. The capacity and buildout analysis will utilize the flow data to estimate future sewer demand and identify system upgrade priorities. Alley Improvement 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. This funding will be invested to make improvements in one or more blocks of alleyway. 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. The FY2019 Downtown Urban Renewal District Work Plan and Budget were unanimously approved by the URD Board on May 15, 2018. Prepared and submitted by: Chris Naumann Downtown Bozeman Partnership 222 East Main Street #302 Bozeman MT 59715 chris@downtownbozeman.org 406-586-4008 290 Downtown Urban Renewal District FY2019 Budget FY2019 Category FINAL Budget Income Starting Cash Balance 1,747,318$ Income from TIF (estimated)430,000$ COB Interlocal Share 800,000$ Entitlement Share State of Montana 45,000$ Interest Income (estimated)10,000$ Total Income 3,032,318$ Expenses OperationsManagement Fee and Administration 113,500$ Project Management Contract 40,000$ Total Operations 153,500$ Infrastructure Improvements Street Furniture and Park Maintenance 12,500$ North Black Pocket Park Construction 20,000$ North Black Streetscape Construction 80,000$ Streetscape--new purchases 25,000$ Streetscape Assistance Grant Program 80,000$ Alley Improvement Program 25,000$ Public Parking Improvements 250,000$ Life-Safety Grant Program 50,000$ Fiber-Broadband Infrastructure 100,000$ Car Share Implementation 12,000$ Parking Garage Bus Shelters 60,000$ Total Improvements 714,500$ Planning Technical Assistance Grants 50,000$ FY18 Encumbered Funds 10,500$ Residential Incentive Program 200,000$ Hotel Incentive Program -$ FY16 Encumbered Funds 100,000$ DBIP Implementation Funds 50,000$ DURT Phase 1 & SILD Engineering 25,000$ Alternative Transportation Master Planning 5,000$ Structured Parking Feasibility Analysis 50,000$ South Wallace Asbestos Project 75,000$ Professional Services Term Contract 100,000$ Sewer Capacity and Buildout Analysis 25,000$ Floodplain Analysis Phase 2 50,000$ Total Planning 740,500$ Parking Structure Garage Bond Payment 430,000$ Garage Long-term Maintenance Fund 10,000$ Total Parking Garage Payments 440,000$ Total Expenses 2,048,500$ Year End Balance 983,818$ 291