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Home My WebLink AboutTIF Minutes 7-16 Downtown Tax Increment Finance Board Meeting Minutes July 19, 2016 Attending: Bob Hietala, Vonda Laird, Bobby Bear, Bill Stoddart, Jeff Krauss, Chris Naumann Absent: Public Comments: None Disclosure: None Minutes ACTION: Bill Stoddart moved to approve the June minutes as presented. Vonda Laird seconded the motion. All voted in favor. Financial Report Chris presented the finance report as of June 30, 2016 as the FY2016 year-end finances. He informed the board that he included the projected year-end income figures totaling $2,798,956 but would not have the actual figures from DOR/COB until August or perhaps even September. Expenses reported included: Fiber Project $346,045; Parking Garage bond and maintenance fund $437,000; and McKinstry Garage Lighting $12,017. This McKinstry payment was for the “measure & verify” services. Chris will share the performance report as soon as it is available. Chris provided a project-to-date review of the McKinstry finances. The board had no other questions regarding the finance report. McKinstry Parking Garage Light Replacement Final Accounting Original TIF Budget 200,000$ Final Project Estimate 185,000$ Previous Payment Total 154,563$ Final Invoice Amount 12,017$ Total Project Cost 166,580$ Executive Director’s Report Technical Assistance Program Update—NO CHANGES 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. Downtown Fiber Network Project Update Saunders Line Construction is finishing the installation of the downtown fiber conduit. The project was significantly delayed because MDT would not grant the necessary right way to connect the conduit running along Broadway to the next segment crossing the library property. I had a preliminary meeting with the fiber network engineer and the City about two additional sections of conduit on West Lamme and East Babcock that would create a complete “outer ring” of fiber downtown. These two extensions would bring fiber to several more blocks and dozens of property and create redundancy downtown which is advantageous. We all agree that this would be the best enhancement to the original network. Early estimates indicate that the extensions could be designed and constructed for less than $150,000. I requested that the design engineer provide me with a specific proposal and cost. Building Project Updates Lark Addition (corner of Grand and Main) 4 story building with 28 new Lark hotel rooms. Fully approved with all entitlements to proceed. 5 West Building (northwest corner of Mendenhall and Tracy) Construction began on October 2016. Scheduled to open in Jan/Feb 2017. Etha Hotel (old Armory building) foundation work continues. Willson Residences (old East Willson School) being redeveloped into 18 residential units with underground parking. Partial completion scheduled for Summer 2016. NeBo (400 block of East Mendenhall) 2 buildings, four floors each. 12 residential units each with 2-car garage. Expected completion 4th quarter 2016. Rialto Theater Fully approved with all entitlements to proceed Date Project Name Project Address Applicant Professional Type Value 12/12/2014 101 East Mendenhall 101 East Mendenhall Liane Johnson Intrinsik Planning 7,500.00$ 2/20/2015 39 North Rouse 39 North Rouse SC Group LLC Intrinsik Planning 7,500.00$ 4/2/2015 101 North Rouse 101 North Rouse 101 Rouse LLS Intrinsik Planning 7,500.00$ 6/16/2015 FIB Parking Lot 202 West Main Bzn Area Redevelop Thinktank Planning 7,500.00$ Totals 30,000.00$ Date Project Name Project Address Applicant Professional Type Value 8/21/2015 712 East Main 712-716 East Main BCHO Architects BCHO Architects Plan/Façade $10,500 11/20/2015 Nevitt Building 107-111 East Main Michael Beckman Focus Architects Plan/Façade $10,500 12/28/2015 Rialto 10 West Main BARC Thinktank Planning $7,500 12/30/2015 Big Sky Western Bank 106 East Main Big Sky Western Sanderson Stewart Façade $3,000 Total 31,500$ FY16 Budget 50,000$ remaining 18,500$ Technical Assistance Program FY2015 Report Technical Assistance Program FY2016 Report New Businesses Update • Bozeman Taproom—Mendenhall/Rouse…Service Elec (north) opening in July • Union Market— Mendenhall/Rouse…Service Elec (south) opening date unknown. • Rockford Coffee—relocating 7th Ave location to other half of old Stylon space • Jam Fusion Restaurant—renovations underway at old Universal Athletics • Toro Mexican Bar and Grill—opening in old Finn location this summer • Squire House—Element Hotel restaurant has a new proprietor Planning Updates In this section I will provide update about several important City planning processes. Hiring of new Community Development Director August 29th: Candidate “Meet & Greet” August 30th: Candidate Interviews Transportation Master Plan www.bozemantmp.com Consultants: Peccia & Associates (Helena), Alta Planning (Bozeman) Timeline: September 2015 (kickoff) through September 2016 (adoption) Update: Draft plan available in July 2016 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) City Vision & Strategic Plan Consultants: HDR Timeline: March 2016 (kickoff) through October 2016 Comprehensive Parking Plan Consultants: Rick Williams Consulting (Portland) Timeline: September 2015 (kickoff) through July 2016 (adoption) Adopted by Parking Commission July 14, 2016 Adopted by City Commission July 18, 2016 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 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 Board Member Update Chris updated the board about current and potential board applicants. Jason Parks had to withdraw his application since he is moving out of the city limits. Cory Lawrence is the only current new applicant. Other potential applicants include Tony Renslow, Brian Caldwell, and Sarah Fitzgerald. The board also suggested considering a commercial banker such as Matt Johnson, Tod Peterson, or Lori Kristofferson. Parking Plan Update Chris updated the board that the Bozeman Parking Commission approved the Downtown Strategic Parking Management Plan on Thursday, July 14th. Subsequently, the City Commission adopted the plan on Monday, July 18th. The board asked if there was any opposition to the adoption and Chris said that the strategy to explore the need and feasibility of parking meters was the biggest issue. He also acknowledge that the strategy at the end of the plan suggesting that public surface lots could be sold to generate funding for larger better located parking expansions was called into question. Meeting was adjourned at 1:10pm