HomeMy WebLinkAboutMidtown Budget FY 2020Bozeman Midtown Urban Renewal Board Fiscal Year 2020 Work Plan and Budget
FY2020 FY2021 To Bond
Infrastructure Planning and Construction
Streetscape, Mendenhall to Beall: Construction Administration 50,000$
Streetscape, Mendenhall to Beall: MDT Clear Zone Design Exceptions 4,000$
Streetscape, Beall to Durston: Finalize Plan Set and MDT Design Exceptions 5,000$
Streetscape, Miscellaneous Requested Services 6,000$
Administrative Settlements 30,000$
The Monarch Conduit System Connection 20,000$
5th Street Conduit Design 10,200$
5th Street Multi-Use Path 191,000$
Mendenhall to Beall Streetscape Construction 1,059,000$ $1,059,000
Phase 4 Lighting Construction 2,000,000$
Aspen Festival Street 1,090,000$ $1,090,000
Aspen Festival Street Design 60,000$
Outside Legal Counsel
For Bonding and Redevelopment Agreements 50,000$
Incentive Programs
Technical Assistance Grants 1:1 match [2 grants]15,000$
Direct Incentives - Midtown TIF Assistance Program 100,000$
City Fiber Conduit Connection Incentive Program 20,000$
District Operations
Outreach and Mailing 2,000$
Midtown Marketing and Recruitment 10,000$
Professional Services 40,000$
Economic Development Staff and Administrative Support 62,470$
Training 3,000$
Approved Projects and TBD Projects
Midtown Tavern Patio Legacy N7 Rehab Grant 15,000$
The Monarch Grant 149,347$
The Ruh Building 747,500$ $747,500
Aspen Crossing (complete October 2020)849,958$ $849,958
West Peach Condos TBD (complete) Spring 2020 222,900$
The Wok 700,000$
9Ten Mixed Use (8th Street at Aspen)1,900,000$
Whittier School
Total New Expenditures for FY 2020 $1,806,500
New Expenditures 2,872,417$
TOTAL EXPENDITURES FY 2020 2,872,417$ $3,746,458
Estimated FY 2019 Ending Balance 1,600,000$
Estimated Revenues 651,949$
Estimated Total Cash FY 2019 2,251,949$
Bond Revenue FY2020 1,806,500$
Estimated Cash minus expenditures (FY20 Ending Balance)1,186,032$