HomeMy WebLinkAbout06-03-19 City Commission Packet Materials - A2. Downtown URD FY19 Annual Report and FY20 Budget and Work Plan - SUPPLEMENTAL MATERIALS �,
DOWNTOWN URBAN RENEWAL DISTRICT
FISCAL YEAR 2020
WORK PLAN AND BUDGET
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DOWNTOWN URD MISSION
On November 6, 1995, the City Commission passed Ord. 1409
adopting the Urban Renewal Plan for downtown Bozeman and thus
establishing the Urban Renewal District. The District will expire with
retirement of the garage construction bond in 2032.
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The Downtown 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.
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DOWNTOWN U RD BOARD
Bobby Bear — Chair 71OWNTOWN BOZEMAN PARTNERSHIP, LLC,
A Cooperative Administrative Management Agency
Citizen Representative
6-member board consists of 2 representatives from the
DBA,BID,URD boards
Bob Hietala — Vice Chair
Partnership Office: A downtown office for the Partnership,BID,DBA,URD and all staff
�VIU-Gallatin College
Program Director Executive Director City Commission
Cory Lawrence Full-time employee(Ellie Full-time employee(Chris Appoints 810&URD Board
Staley)working on behalf Naumann)working on behalf of Members;Approves BID&URD
of the DBA the Partnership,BID and URD Work Plans and Budgets;
Downtown Property Owner Assesses BID fees;Maintains
Operations Manager oversight of URD funds;Provides
Part-time employee(Chase McMahon) Liaisons to BID&URD boards.
Tony Re ns I ow working on behalf of the DBA and BID
Downtown Property Owner
DOWNTOWN BUSINESS URBAN
BOZEMAN IMPROVEMENT RENEWAL
Bill Stoddart (non-voting) ASSOCIATION DISTRICT DISTRICT
N o rt h fo rk Financial I Hourly Maintenance Staff
7-member board of 7-member board of city
business owners 7-member board of residents
property owners
Kate Wiggins (non-voting)
501c6 Member association of Manages downtown Funds infrastructure projects and
r { ®/ businesses responsible for 'environment'by administering capital investments that increase
B .a ze tl J � ®e p u e s e u[I^u t a t�t/a promoting downtown via programs to enhance the long-term taxable value to the
marketing,special events,and downtown's physical appearance district
sponsorships. and overall visitor experience.
ParJeff Krauss streetcapebng ed-ot,dvelo
Christmas Stroll,Music on Sfreetscape maintenance,flower streetscape build-out,development
Main,Art Walks,Bridal Walk, baskets,lamp banners,garbage agreements,public-private
tin n �-a Car Show,MSU Pep Rallies, and graffiti removal,x-mas partnerships,economic
L Q a i s o n Trick or Treat decorations. development initiatives.
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DOWNTOWN URD FUNDING
The 1995 Downtown Urban Renewal Plan established the taxable
base value of the district.
For the life of the district, property taxes levied on the base value are
distributed to the taxing entities per DOR mills.
All revenues from the growth above the base value are distributed to
the district to fund urban renewal projects.
2011 Interlocal Agreement returns pro-rats portions of increment to
Gallatin County and BSD7.
FY2020 URD Revenue = $1,360,000 (estimated)
The URD Board approved the FY2020 Work Plan and Budget
on May 29, 2019.
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DOWNTOWN URD PROGRAMS aAfjA
Bridger Park Garage
FY2020 Budget: $430,000
Annual construction bond payment for Bridger Park,
the downtown parking garage.
Public Parking Improvements
FY2020 Budget: $250,000 �l
The URD is committed to partnering with the
Bozeman Parking Commission to make strategic 0£ ��
infrastructure improvements identified in the
Comprehensive Downtown Parking Plan. `
Downtown Streetlamp Power Reconfiguration
FY2020 Budget: $250,000
Funds to reconfigure the power sources for dozens -s- o•�•
of public streetlamps that currently powered from
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private electric services to public electric sources. -
DOWNTOWN URD PROGRAMS A
Residential Incentive Program
FY2020 Budget: $200,000
To promote the development of housing as
recommended by the Downtown Plan. The
Program criteria will be revised to
incentivize a larger supply of smaller units.
Downtown Plan Transportation Projects =-
FY2020 000 200 Budget:
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Funding for the study of the transportation
concepts in 2019 Downtown Plan .
Downtown Bozeman Partnership
FY2020 Budget: $162,000
URD shares administration costs to operate the Downtown Partnership office;
covers payroll expenses of URD Director; funds part of payroll expenses for
the URD Manager and Operations Manager.
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DOWNTOWN URD PROGRAMS
North Rouse Streetscape Project
FY2020 Budget: $120,000
Funds to purchase approximately two dozen
downtown streetlamps and street tree
grates/frames to be installed in conjunction o I
with the MDT North Rouse reconstruction.
Armory Hotel Incentive
FY2020 Budget: $100,000
In 2013 -the URD awarded up to $100,000 to the
"Etha" project and those funds remain
encumbered until the completion of the hotel.
South Wallace Asbestos Project -
FY2020 Budget: $75,000
Funds to be invested in the remediation of the
asbestos contamination under the South Wallace . _ -
roadway in conjunction with sewer and water -
upgrades.
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DOWNTOWN URD PROGRAMS
Downtown Improvement Plan Implementation
FY2020 Budget: $75,000 Downtown
General implementation projects and initiatives.
FY2020 Budget: $50,000 Bozeman
Code amendment consulting and preparation.
FY2020 Budget: $50,000losses
Design guideline consulting and preparation.
Financial Grant Programs Improvement
FY2020 Budget: $57,500 May 2019
Technical Assistance for redevelopment projects.
FY2020 Budget: $50,000
Life-safety funds for installation of dedicated fire lines.
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DOWNTOWN URBAN RENEWAL DISTRICT
FOSTERING AN ECONOMICALLY
THRIVING DOWNTOWN
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