HomeMy WebLinkAbout10-15-19 Downtown URD Minutes
Downtown Urban Renewal District
Board Meeting Minutes
October 15, 2019
Attending: Cory Lawrence, Marley McKenna, Tony Renslow, Kate Wiggins, Nick Zelver, Chris
Naumann, Emily Cope
Absent: Bobby Bear, Bill Stoddart, Jeff Krauss
Public Comment: None
Minutes
ACTION: Cory Lawrence moved to approve the September minutes as presented.
Tony Renslow seconded the motion.
All voted in favor.
Financial Report
Chris presented the finance report for Fiscal Year 2020. He noted that the starting balance is
still estimated as $2.1 million pending the final year-end revenues for FY19. He highlighted
previous month’s expenses as follows: $40,500 for 2nd quarter DBP management fee, $889 for
fiber infrastructure & grants, $5153 for structured parking feasibility analysis, $293 for
Groundprint Consulting.
The board did not have any financial questions.
Executive Director’s Report
Technical Assistance Program Update
One grant has been awarded in FY2020. Two grants remain open from FY2019. One grant remains from
FY2018 for the Osborne Building. As a reminder, the Planning grants have a $7500 cap and the Façade
grants are capped at $3000.
Date Project Name Project Address Applicant Professional Type Value
4/16/2018 Osborne Building 233 East Main Street Casey Durham Locati Arch Plan/Façade 10,500$
Total 10,500$
Date Project Name Project Address Applicant Professional Type Value
8/20/2018 BSWB Building 106 East Babcock Randy Scully Intrinsik Planning 7,500$
4/24/2019 I-Ho's Korean Restaurant 323 West Main Derik Pomeroy Architecture 118 Planning 7,500$
Total 15,000$
Date Project Name Project Address Applicant Professional Type Value
8/7/2019 Gallatin Laundry 137 East Babcock St Robert Lateiner Think Tank Plan/Façade 10,500$
Total 10,500$
Technical Assistance Program FY2018 Report
Technical Assistance Program FY2019 Report
Technical Assistance Program FY2020 Report
Other Financial Program Updates
Streetscape Grants: None Hotel Incentive Grant: Armory Hotel-Pending
Life-Safety Grants: None Fiber Connectivity Grant: ERA Landmark-Completed 7 West Main-Completed
Building Project Updates
Armory Hotel Substantial completion scheduled for December 31, 2019.
Black & Olive Apartments under construction to be completed December 2019
Osborne Building (233 East Main) 4-story mixed use building with 2 floors of restaurant use and
2 floors of offices. Construction began October 2018.
“OSM” Building 5 story mixed use building proposed on southwest corner of Babcock and
Wallace—construction began Spring 2019
BG Mill Building 5 story mixed use building proposed on southwest corner of Mendenhall and
Broadway—final site plan submitted
One 11 Lofts (corner of North Willson and West Lamme) 50-unit apartment building with 53
parking spaces. Construction began spring 2019.
Merin Condos (on North Bozeman across from Dave’s Sushi) 28 units of owner-occupied
housing. In Final Site Plan review.
Village Downtown 84 new residential loft units have been approved and 30 new residential
condo units are under review by the City
AC Hotel (5 East Mendenhall) 6 story 140 room full-service hotel. Currently in development
review.
East End Flats (240 East Mendenhall) 6-story mixed use project. Currently in development
review.
Veranda Apartments (111 South Church) proposed new construction of 6 units.
New Businesses Update
• Good Food Company—229 East Main—restaurant to open in Osborne Building
• Blackbird Kitchen—140 East Main—former C. Moose—expansion under construction
• Zsa Zsa’s—23 West Main—formerly Bent Lens—OPEN
• TBD—23 West Main—formerly Stix
• TBD—2 East Main—former Miller’s Jewelry location—tenant improvements
• Voormi Clothing—17 East Main—formerly Sun Dog Gallery—tenant improvements began
• TBD—544 East Main—formerly Heeb’s
Planning Updates
In this section, I will provide updates about several ongoing City planning processes.
Community Plan (City Growth Policy) Update
Consultants: Logan Simpson (Ft. Collins)
Update: Draft Plan is to be publicly released in September 2019.
Future Land Use Map Community Open House
Thursday, October 17 from 4-6 PM at the Bozeman City Hall
https://www.bozeman.net/city-projects/bozeman-community-plan-update
NCOD and Design Guidelines Update
Consultants: Bendon Adams Consulting (Aspen, CO) and Orion Planning (Missoula, MT)
Update: Final Document was released in August 2019.
https://www.bozeman.net/city-projects/ncod-review
Housing Needs Assessment and Action Plan
Consultants: Navigate, LLC Workforce Housing Solutions
Update: the Community Housing action plan is being drafted.
https://www.bozeman.net/city-projects/community-housing-action-plan
https://www.bozeman.net/city-projects/community-housing-needs-assessment
FEMA Floodplain Map
Next Steps: The final draft map will be released in 2nd quarter of 2020. The City then has
180 days to amend its floodplain regulations to incorporate the new maps. The new
regulatory floodplain map would become effective by the beginning of 2021.
North Black Pocket Park
Construction of the North Black Pocket Park in southwest corner of Black Lot public parking lot is making
significant progress. The project includes three elements: new pocket park; relocated Black Lot egress;
and new streetscape including sidewalk, streetlamps, and trees.
AV Construction began work the week of August 19th. Below is a basic construction schedule:
• 8/19—8/21 Mobilization and site preparations
• 8/21—9/11 Demo and excavation
• 9/3—10/11 Concrete and electrical installation—delayed due to weather
• 10/14—10/28 Hardscaping and lighting installation
• Spring 2020 Landscaping installation
Discussion and Decision Items
Residential Incentive Program
Chris provided board with updates to the Residential Incentive Program. Susan Riggs from
Groundprint provided definitions of studio and one-bedroom units as follows:
Studio Unit- A single dwelling unit providing complete, independent living facilities for one or
more persons, including permanent provisions for living, eating, cooking, sanitation and which
contains a sleeping area that is not separated from the living space by walls; not to exceed 500
SF. (Studios larger than 500 SF will be classified as one bedroom units for the purposes of this
document.)
One Bedroom Unit- A single dwelling unit providing complete, independent living facilities for
one or more persons, including permanent provisions for living, eating, cooking, sanitation and
which contains only one additional room for sleeping separated from the living space by walls
and a door that can be closed; not to exceed 800 SF.
The board wanted additional language added to specify which definitions refer to which of the
two grant options (A or B).
The board asked in the September board meeting if the $50,000 and $100,000 grant maximums
would be enough incentive. Chris said he would ask some developers for the impact fees paid
on their projects including NEBO, Black Olive, and Hawthorne Place. This would provide some
examples of the impact fees paid per residential units. Chris contacted the developers but had
not received the numbers before this meeting. Chris will circle back with them before next
meeting.
The board agreed to add language for the board to have approval authority over these grants
rather them being approved administratively.
Nick Zelver commented to add language that all of the grant provisions are subject to review
and the grant program may be reviewed/changed at any time as deemed necessary by the
board.
Chris asked the board to review the program for any additional language or changes that may
be needed before the November board meeting.
TIF Funding Plan
The board continued the discussion about the reality that over the next decade there will be
more demands for TIF funding than capacity. The group agreed that it would be good to review
some other financial projections in addition to the bonding capacity analysis.
Chris presented a 10-year cash flow projection showing a 5% increase in the interlocal share,
3% increase for total operations cost, and 5% increase for improvements/planning costs.
One of the next steps will be to get a team of consultants together to provide rough estimates
costs for those projects in the 2019 DBIP.
Appoint Vice Chair
Chris reminded the board that they need to appoint a new vice-chair due to the resignation of
Bob Hietala. Chris said that Bobby Bear’s preference would be that one of the ‘senior’ voting
members fill the position, which includes Cory Lawrence and Tony Renslow. Cory said he was
willing to serve.
ACTION: Nick Zelver moved to appoint Cory Lawrence as vice-chair.
Tony Renslow seconded the motion.
All voted in favor.
Meeting was adjourned at 1:05 pm
FY2020FY2021FY2022FY2023FY2024FY2025FY2026FY2027FY2028FY2029FY2030notesINCOMEStarting Cash Balance2,000,000 2,031,000 2,063,390 2,097,337 2,105,456 2,114,121 2,123,466 2,133,634 2,144,780 2,157,068 2,170,674 Income from TIF430,000 430,000 430,000 430,000 430,000 430,000 430,000 430,000 430,000 430,000 430,000 COB Interlocal Share875,000 918,750 964,688 1,012,922 1,063,568 1,116,746 1,172,584 1,231,213 1,292,774 1,357,412 1,425,283 5% annual increaseEntitlement Share56,000 56,000 56,000 56,000 56,000 56,000 56,000 56,000 56,000 56,000 56,000 Interest Income12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 Total Income3,373,000$ 3,447,750$ 3,526,078$ 3,608,259$ 3,667,024$ 3,728,867$ 3,794,050$ 3,862,847$ 3,935,553$ 4,012,480$ 4,093,957$ EXPENSESTotal Operations162,000 166,860 171,866 177,022 182,332 187,802 193,436 199,240 205,217 211,373 217,714 3% annual increaseTotal Improvements500,000 525,000 551,250 606,375 636,694 668,528 701,955 737,053 773,905 812,600 853,231 5% annual increaseTotal Planning250,000 262,500 275,625 289,406 303,877 319,070 335,024 351,775 369,364 387,832 407,224 5% annual increaseTotal Parking Garage 430,000 430,000 430,000 430,000 430,000 430,000 430,000 430,000 430,000 430,000 430,000 Total Expenses1,342,000$ 1,384,360$ 1,428,741$ 1,502,803$ 1,552,903$ 1,605,401$ 1,660,415$ 1,718,067$ 1,778,486$ 1,841,806$ 1,908,169$ 17,723,151$ Year End Balance2,031,000$ 2,063,390$ 2,097,337$ 2,105,456$ 2,114,121$ 2,123,466$ 2,133,634$ 2,144,780$ 2,157,068$ 2,170,674$ 2,185,788$