HomeMy WebLinkAboutTIF Minutes 8-16
Downtown Tax Increment Finance
Board Meeting Minutes
August 16, 2016
Attending: Bob Hietala, Vonda Laird, Bobby Bear, Bill Stoddart, Chris Naumann
Absent: None
Public Comments: None
Disclosure: None
Special Presentation
Law and Justice Center Overview
Mayor Carson Taylor, Sheriff Brian Gootkin, County Attorney Marty Lambert
An overview of the proposed Law and Justice Center was presented to the board including the following information: need for new L&J Center; layout and design; function and operations; and
bond financing details.
The board and attendees exchanged questions and answers.
Minutes
ACTION: Vonda Laird moved to approve the July minutes as presented.
Bill Stoddart seconded the motion.
All voted in favor.
Financial Report
Chris presented the finance report as of August 16, 2016. Expenses included: 1st quarter
management fee of $26,250; $4653 Intersection Cable Anchor repairs; and $3300 for
Preliminary streetscape engineering.
The board had no other questions regarding the finance report.
Executive Director’s Report
Technical Assistance Program Update—
No grants have been awarded in FY2017—shown at the bottom of the chart. The chart also lists
uncompleted grants that were awarded in FY2015 and FY2016. 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
The fiber network engineer is finalizing design of the 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. Early estimates indicate that the extensions
could be designed and constructed for less than $150,000. I will bring a specific proposal and
cost to the TIF Board as soon as it is available.
TIF Legislation Update The Montana Department of Revenue has proposed some language and definition changes to
the Urban Renewal Law. My initial read is that the changes are purely for clarification purposes,
but I have asked several other colleagues for their interpretation.
Floodplain Map Update The City and its contracted engineering firm have completed the analysis of Mill Ditch and its
potential floodwater capacity and constraints. The results of the analysis are generally positive
and indicate that there are improvements to engineering methods and physical alterations to the
ditch that should be pursued. These improvements would likely reduce the floodplain impacts downtown and yield revisions to the proposed floodplain map. Implementing the Mill Ditch upgrades will involve coordination with DNRC and FEMA and those discussions are just now
beginning.
Building Project Updates Lark Addition (corner of Grand and Main) 4 story building with 28 new Lark hotel rooms. Construction is expected to begin October 2016.
5 West Building (northwest corner of Mendenhall and Tracy) Construction began on
October 2016. Scheduled to open in Jan/Feb 2017.
Etha Hotel (old Armory building) first phase of foundation work complete. Open parking lot for 6 to 8 weeks while internal footings constructed. Then lot closed again for duration of construction.
Willson Residences (old East Willson School) being redeveloped into 18 residential
units with underground parking. Partial completion scheduled for Summer 2016.
NeBo (400 block of East Mendenhall) 2 buildings, four floors each. 12 residential units each with 2-car garage. Expected completion October 2016. Rialto Theater under construction to be completed by August 2017.
Date Project Name Project Address Applicant Professional Type Value
12/12/2014 101 East Mendenhall 101 East Mendenhall Liane Johnson Intrinsik Planning 7,500.00$
2/20/2015 39 North Rouse 39 North Rouse SC Group LLC Intrinsik Planning 7,500.00$
Totals 15,000.00$
Date Project Name Project Address Applicant Professional Type Value
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 $3,000
Total 10,500$
Technical Assistance Program FY2015 Report
Technical Assistance Program FY2016 Report
New Businesses Update
• Bozeman Taproom—Mendenhall/Rouse…NOW OPEN!
• Union Market— Mendenhall/Rouse…Service Elec (south) opening date unknown.
• Rockford Coffee—relocating to old Stylon space…to open by September 1, 2016
• Jam Fusion Restaurant—renovations underway at old Universal Athletics
• Toro Mexican Bar and Grill—NOW OPEN!
• Squire House—Element Hotel restaurant has a new proprietor
Planning Updates
In this section I will provide update about several ongoing 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
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
Willson Residences Streetlamp Request Chris reminded the board that Jim Syth of Bridger Builders had requested that rather than
reimbursing his project for the purchase of the streetlamps he would like the TIF to purchase
them directly in the first place. He said this would save him a considerable amount of money
due to the markups taken by distributors and electricians.
After some discussion, the board rejected his request so as to keep the program equitable to all past and future applicants, and also out of interest to no undercut the private businesses
involved in the project and the market.
Chris pointed out that the Willson Residences would be the first project to be reimbursed for
streetlamp purchases under the new policy stipulating 100% pay back.
Board Member Application Update
Chris updated the board that the City Commission had appointed Cory Lawrence to the TIF
board as a voting member to fill the seat vacated by Bob Lashaway. Chris also mentioned he was in discussion with Tony Renslow and several bankers about filling the non-voting positions.
Meeting was adjourned at 1:05pm