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HomeMy WebLinkAbout03-23-2021 Packet Materials Downtown Urban Renewal District Board Meeting Minutes February 16, 2020 Attending: Bobby Bear, Emily Cope, David Fine, Cory Lawrence, Jennifer Madgic, Marley McKenna, Tony Renslow, Angie Rutherford, Nick Zelver Absent: Minutes ACTION: Tony Renslow moved to approve the November and January minutes as presented. Nick Zelver seconded the motion. All voted in favor. Financial Reports Chris presented the FY21 finance report as of February 16th, 2021 (included below). The previous month’s expenses were as follows: $202 to Christie Electric to replace a streetlamp, $2,490 to Bridger Fence for the basement storage area, $10,049 to Sanderson Stewart for the Transportation SOW, $347 for CATS program printed materials, and $13,295 to Sanderson Stewart for the structured parking feasibility analysis. District Manager’s Report Downtown Plan Projects Here are some updates regarding other projects proposed in the 2019 Downtown Plan. Bozeman Creek—the Downtown Partnership is working with Mountain Time Arts to identify opportunities to enhance and improve Bozeman Creek. Their initial work was completed with Intrinsik Architecture and partially funded with a Downtown URD Technical Assistance Grant. MTA has created a project website that will be updated as more work is completed: https://mountaintimearts.org/see-bozeman-creek To advance the opportunities identified in the grant report, MTA is now convening three working committees made up of community organizations and citizens: Landscape & Water Resources; Art & Placemaking; and Communications & Funding. Part One has been completed and the decision to move forward with Part Two has been placed on hold until both organizations have filled their Executive Director positions. Soroptomist Park— The Downtown Partnership partnered with the MSU CATS program in the fall of 2020 to have a senior-level landscape design class and a stream restoration ecology class develop improvement concepts for Soroptomist Park. The final report can be found on the downtown website. https://downtownbozeman.org/uploads/MSU_SoroptimistBozemanCreek_Report_sm.pdf Alley Improvements—staff is continuing the work with DHM Landscape Architects to refine the improvement concepts for the alley adjacent to Bridger Park Garage between North Black and North Tracy. Three design options have been developed that phase in a wide variety of enhancements in the public and private realms. With specific input from the adjacent property and business owners, and in consultation with the City and utilities, the final concept plan has been published with a press release to soon follow. Alley renderings will be printed and installed at either end of the alley with a QR code linked to the final plan on the DBP website. https://downtownbozeman.org/uploads/2020-11-12_Bozeman_Alleyways_-_Report_Reduced.pdf. Transportation & Mobility Analysis—the URD board approved the final scope of work (SOW) on June 16, 2020 and the City Commission subsequently approved the corresponding Task Order on July 20, 2020. Part One deliverables have been sent to City of Bozeman and MDT for agency review. Structured Parking Planning—The consulting team is going to look the options to install simple decks above existing surface lots as a simpler more affordable way to create more spaces. This analysis is scheduled to be completed March 2021. Two financial garage analyses have been prepared: 1) Sources, Uses, Debt Service scenarios; and 2) Short- and Long-Term Operations and Maintenance projections. City Parking Policy Updates—The city held three parking engagement sessions. The engagement sessions reviewed strategies from the 2016 parking management plan and broke attendees into smaller groups for discussion. As of February 10th, the next sessions will be hosted on March 3rd (Residential Parking Permit Districts MSU/BHS) and March 8th (residential parking near downtown). To view past meeting recordings and information on upcoming sessions: https://www.bozeman.net/government/parking/parking-engagement-hub The ”Park BZN” app is live and allows users of the garage to register their cars from their phone rather than visiting a pay station in the garage. Downtown Plan UDC Recommendations Building height code revisions have been added back on the schedule to discuss and consider topics ranging from floor-to-ceiling heights to overall building heights in different zoning designations. Building heights will be on the March URD & BID meeting agendas as a discussion item. I have asked Rob Pertzborn and/or Susan Riggs to attend these meetings to answer questions and aid in the discussion. More details can be found on the City of Bozeman UDC Community Platform here: https://www.bozeman.net/government/planning/udc-discussions/maximum-building-heights These discussions will include the recommendations about building heights in the 2019 Downtown Plan. MDT Rouse Project The URD contracted with MDT’s Rouse Avenue construction company, Missouri River Construction, to install the underground electric conduit and pull-boxes for the future installation of downtown streetlamps. Following the completion of the Rouse reconstruction, MDT will review and provide final location approval for over 24 new downtown streetlamps between Main and Lamme Streets. The URD will release an RFP for the installation of the lamps which will most likely take place next summer once school is out of session. Homeless Working Group Members of the group currently are made up of Emily Cope, Chris Naumann, Susan Gregory (Bozeman Public Library), Susan Neubauer (Fresco Café owner), Amy Kirkland (Altitude Gallery owner), Erica Brubaker (Wild Joes Coffee owner), Marek Ziegler (Bozeman PD), and Heather Grenier (HRDC). The first version of the business resource toolkit was sent out to downtown property and business owners on November 11th. This toolkit will be revised as new resources and information become available. Emily Cope and Amy Kirkland met with Jeff Mihelich on January 12th. Jeff shared his experiences of working in Ft. Collins and offered an idea of piloting a program over the summer of having downtown resource officers who would develop relationships with all business/property owners and individuals who may be experiencing homelessness or mental health concerns. The resource officers would be available for anyone to contact if they are experiencing a situation with individuals downtown that does not require police presence. The next steps of this pilot program will be conversations surrounding funding sources and logistics of managing the program. Downtown Bozeman Partnership/COB Updates • Bill Stoddart has resigned from the URD board. The online application is available now on the City of Bozeman website. This is a non-voting position and the term is through June 30, 2022. • DBP Executive Director hiring update • The 2021 ethics training is completely online this year and needs to be completed by February 28, 2021. You should have received an email from Jesse DiTommaso, Deputy City Clerk. If you have not received this email, please let me know. • At the February 23rd City Commission meeting, they will be holding a discussion on to restructure or combine the City boards. Technical Assistance Program Update Other Financial Program Updates Streetscape Grants: None Life-Safety Grants: None Fiber Connectivity Grant: None Building Projects 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. See https://www.theosbornebozeman.com/ 101 Wallace “OSM” Building 5 story mixed use building on southwest corner of Babcock and Wallace—construction began Spring 2019. https://www.101wallace.com/ 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. Under construction. Veranda Apartments (111 South Church) proposed new construction of 6 units. AC Hotel (5 East Mendenhall) 6 story 140 room full-service hotel. Site Plan approved in November 2019. Under construction. East End Flats (240 East Mendenhall) 6-story mixed use project. Development review completed and final site plan approved. Property and project are currently for sale. Strata Building (106 East Babcock)—former BSW Bank—3 floor (46,000 SF) office building. Construction projected to be complete January 2021. Carin Townhomes (northwest corner of W Beall & N Grand)—5 townhome condos currently under construction. New Businesses • Stretch Lab—19 South Willson—formerly Barley & Vine • Hooked Sushi—119 E Main St—formerly Montana Fish Co. Date Project Name Project Address Applicant Professional Type Value Completed 10/7/2019 Gallatin Laundry 137 East Babcock St Robert Lateiner Think Tank Plan/Façade 10,500$ YES 11/1/2019 9 E Main Street 9 E Main Street Robert Lateiner Think Tank Façade 3,000$ CANCELED 1/30/2020 Bozeman Creek Watercourse of Bozem Jim Madden Intrinsik Planning 7,500$ YES 1/30/2020 DA Davidson & Co 529 E Main St Randy Scully Intrinsik Planning 7,500$ 1/30/2020 102 E Babcock St 102 E Babcock St- Blo Randy Scully Intrinsik Planning 7,500$ Total 36,000$ Technical Assistance Program FY2020 Report Date Project Name Project Address Applicant Professional Type Value Completed 10/5/2020 107 E Babcock 107 E Babcock Randy Scully Intrinsik Planning 7,500$ 10/5/2020 104 E Main 104 E Main Randy Scully Intrinsik Planning 7,500$ 1/13/2021 5th & Main 411 & 421 W Main Donnie Olsson Hennebery Eddy Planning 7,500$ Technical Assistance Program FY2021 Report • Tanoshii—113 East Main—formerly Corx—renovations underway • Smoke, Fire & Coal—303 East Main—formerly Fire Pizza—renovations underway • Fabers Bakery & Deli—33 South Willson—formerly Delicious Bakery—renovations underway • The Montana Scene—126 East Main—Formerly Bozeman Running Co – OPEN • Inner Alchemy—16 S Tracy—formerly 9 Round – OPEN • Glove Green Beauty—140 E Main Suite E—formerly vacant space – OPEN • Wild West Local Foods—326 East Mendenhall—formerly Montana Provisions—OPEN • Sotheby’s International Realty—424 E Main-- formerly Sage Spa—renovations underway • TBD—27 East Main—formerly Crossroads—to be redeveloped as a restaurant(s) • TBD—441 East Main—formerly Coqui Coffee • TBD—137 East Babcock—formerly Gallatin Laundry • TBD—424 East Main—Yellowstone Wild Gallery is going out of business • TBD—544 East Main—formerly Heeb’s – building improvements underway • TBD—411 East Main—Formerly Knife Bistro • TBD—402 E Main St Suite 3— formerly The Montana Scene Discussion and Decision Items URD Budget Prioritization Discussion Cory presented the cash flow and priority analysis spreadsheet. He provided an overview of the last four years of budget vs actual, forecasting the next 11+ years, structured parking costs and DBIP project costs. The cash flow forecast showed income projections of 3%, 5%, and 8%. The board commented they would like to move forward with prioritizing the projects to consider the bonding capacity of the URD if additional funding is needed. The board directed Emily to add additional information to the spreadsheet to include the likely timeline for each project. Meeting was adjourned at 1:30 pm Downtown URD February 2021 Finance Report Category Approved Budget FY2021 YTD come Starting Cash Balance 3,100,000 2,506,000 final from FY20 Income from TIF 335,000 - COB Interlocal Share 1,400,000 - Entitlement Share State of Montana 56,050 - Interest Income 20,000 - Other Income - - Total Income 4,911,050$ 2,506,000$ penses Operations DBP Management Fee 175,000 131,250 Total Operations 175,000$ 131,250$ Infrastructure Improvements 202 christie electric Street Furniture and Park Maintenance 15,000 13,220 2490 fenced in storage of st Streetscape--new purchases 30,000 9,080 North Rouse Streetscape ProjectStreetlamps (26 qty)85,000 Phase 1 Construction: Conduit 60,000 29,229 Phase 2 Construction: Lamps 80,000 North Willson Streetscape Project 75,000 Streetscape Assistance Grant Program 50,000 Streetlamp Power Reconfiguration Project 250,000 Alley Improvements 50,000 FY20 Encumbered 19,000 DBIP: Bozeman Creek Improvements 50,000 Library Pedestrian Safety Improvements 15,000 Life-Safety Grant Program 50,000 Fiber Infrastructure 100,000 Fiber-Broadband Infrastructure--Grants 10,000 3,125 Alternative Transportation Projects 25,000 Total Improvements 964,000$ 54,654$ PlanningCity Economic Development Specialist 21,740 Technical Assistance Grants 50,000 FY20 Encumbered Funds 15,000 15,536 Residential Incentive Program 200,000 Armory Hotel Incentive Encumbered Funds 100,000 100,000 DBIP: Transportation Planning Encumbered Part One--Concepts 31,710 31,336 10049 SS Part Two--Data, Analysis, Cost Est 90,590 DBIP: Alley Planning 25,000 10,417 DBIP: Bozeman Creek Planning 30,000 15,000 DBIP: Soroptomist Park Planning 6,000 2,597 347 CATS program DBIP: Code Amendments 10,000 2,503 DBIP: Design Guidelines-Historic Inventories 38,750 38,750 DBIP: General Implementation 100,000 14,485 FY20 Encumbered Truck Study 15,000 6,155 SILD & Streetscape Engineering 25,000 Structured Parking Feasibility Analysis 25,000 15,504 13295 SS Structured Parking Informal, Site Plan, Bids 750,000 South Wallace Asbestos Project 75,000 75,000 Professional Services Term Contract 75,000 528 Streetscape Preliminary Engineering 25,000 Total Planning 1,708,790$ 327,811$ Parking Structure Garage Bond Payment 335,000 Total Parking Garage Payments 335,000$ -$ Total Expenses 3,182,790$ 513,715$ 26,383 Balance 1,728,260$ 1,992,285$ recent activity Downtown URD March 2021 Finance Report Downtown Urban Renewal District Finance Report Category Approved Budget FY2021 YTD Income Starting Cash Balance 3,100,000 2,506,000 final from FY20 Income from TIF 335,000 - COB Interlocal Share 1,400,000 - Entitlement Share State of Montana 56,050 - Interest Income 20,000 - Other Income - - Total Income 4,911,050$ 2,506,000$ Expenses Operations DBP Management Fee 175,000 131,250 Total Operations 175,000$ 131,250$ Infrastructure Improvements Street Furniture and Park Maintenance 15,000 13,278 58 sunshine lighting Streetscape--new purchases 30,000 9,080 North Rouse Streetscape Project Streetlamps (26 qty) 85,000 Phase 1 Construction: Conduit 60,000 31,063 1,834 TD&H Phase 2 Construction: Lamps 80,000 North Willson Streetscape Project 75,000 Streetscape Assistance Grant Program 50,000 Streetlamp Power Reconfiguration Project 250,000 Alley Improvements 50,000 FY20 Encumbered 19,000 DBIP: Bozeman Creek Improvements 50,000 Library Pedestrian Safety Improvements 15,000 Life-Safety Grant Program 50,000 Fiber Infrastructure 100,000 Fiber-Broadband Infrastructure--Grants 10,000 3,125 Alternative Transportation Projects 25,000 Total Improvements 964,000$ 56,546$ Planning City Economic Development Specialist 21,740 Technical Assistance Grants 50,000 FY20 Encumbered Funds 15,000 15,536 Residential Incentive Program 200,000 Armory Hotel Incentive Encumbered Funds 100,000 100,000 DBIP: Transportation Planning Encumbered Part One--Concepts 31,710 31,392 56 sanderson stewart Part Two--Data, Analysis, Cost Est 90,590 DBIP: Alley Planning 25,000 10,521 104.18 DHM Design DBIP: Bozeman Creek Planning 30,000 15,000 DBIP: Soroptomist Park Planning 6,000 2,597 DBIP: Code Amendments 10,000 2,503 DBIP: Design Guidelines-Historic Inventories 38,750 38,750 DBIP: General Implementation 100,000 14,755 269.71 zoom FY20 Encumbered Truck Study 15,000 6,155 SILD & Streetscape Engineering 25,000 Structured Parking Feasibility Analysis 25,000 15,504 Structured Parking Informal, Site Plan, Bids 750,000 South Wallace Asbestos Project 75,000 75,000 Professional Services Term Contract 75,000 528 Streetscape Preliminary Engineering 25,000 Total Planning 1,708,790$ 328,241$ Parking Structure Garage Bond Payment 335,000 Total Parking Garage Payments 335,000$ -$ Total Expenses 3,182,790$ 516,037$ 2,321 Balance 1,728,260$ 1,989,963$ The FY2021 Budget was approved by the URD Board on 6-16-20 and approved by the City Commission on 7-13-20 recent activity URD Finance Report 3-21 District Manager’s Report Downtown Urban Renewal District Board March 2021 Downtown Plan Projects Here are some updates regarding other projects proposed in the 2019 Downtown Plan. Bozeman Creek—the Downtown Partnership is working with Mountain Time Arts to identify opportunities to enhance and improve Bozeman Creek. Their initial work was completed with Intrinsik Architecture and partially funded with a Downtown URD Technical Assistance Grant. MTA has created a project website that will be updated as more work is completed: https://mountaintimearts.org/see-bozeman-creek To advance the opportunities identified in the grant report, MTA is now convening three working committees made up of community organizations and citizens: Landscape & Water Resources; Art & Placemaking; and Communications & Funding. Part One has been completed and the decision to move forward with Part Two has been placed on hold until both organizations have filled their Executive Director positions. Soroptomist Park— The Downtown Partnership partnered with the MSU CATS program in the fall of 2020 to have a senior-level landscape design class and a stream restoration ecology class develop improvement concepts for Soroptomist Park. The final report can be found on the downtown website. https://downtownbozeman.org/uploads/MSU_SoroptimistBozemanCreek_Report_sm.pdf Alley Improvements—staff is continuing the work with DHM Landscape Architects to refine the improvement concepts for the alley adjacent to Bridger Park Garage between North Black and North Tracy. Three design options have been developed that phase in a wide variety of enhancements in the public and private realms. With specific input from the adjacent property and business owners, and in consultation with the City and utilities, the final concept plan has been published with a press release to soon follow. Alley renderings will be printed and installed at either end of the alley with a QR code linked to the final plan on the DBP website. https://downtownbozeman.org/uploads/2020-11-12_Bozeman_Alleyways_-_Report_Reduced.pdf. Transportation & Mobility Analysis—the URD board approved the final scope of work (SOW) on June 16, 2020 and the City Commission subsequently approved the corresponding Task Order on July 20, 2020. Part One deliverables have been sent to City of Bozeman and MDT for agency review. Structured Parking Planning—The consulting team is going to look the options to install simple decks above existing surface lots as a simpler more affordable way to create more spaces. This analysis is scheduled to be completed March 2021. Two financial garage analyses have been prepared: 1) Sources, Uses, Debt Service scenarios; and 2) Short- and Long-Term Operations and Maintenance projections. City Parking Policy Updates—The city held multiple parking engagement sessions over the past couple of months. At the April 27th City Commission meeting, the Economic Development staff will provide a presentation of the conversations. To view past meeting recordings and information on upcoming sessions: https://www.bozeman.net/government/parking/parking-engagement-hub The ”Park BZN” app is live and allows users of the garage to register their cars from their phone rather than visiting a pay station in the garage. Downtown Plan UDC Recommendations No changes will be proposed for the downtown district during the Spring 2021 edits to the UDC related to building height. More details can be found on the City of Bozeman UDC Community Platform here: https://www.bozeman.net/government/planning/udc-discussions MDT Rouse Project The URD contracted with MDT’s Rouse Avenue construction company, Missouri River Construction, to install the underground electric conduit and pull-boxes for the future installation of downtown streetlamps. Following the completion of the Rouse reconstruction, MDT will review and provide final location approval for over 24 new downtown streetlamps between Main and Lamme Streets. The URD will release an RFP for the installation of the lamps which will most likely take place next summer once school is out of session. Homeless Working Group Members of the group currently are made up of Emily Cope, Chris Naumann, Susan Gregory (Bozeman Public Library), Susan Neubauer (Fresco Café owner), Amy Kirkland (Altitude Gallery owner), Erica Brubaker (Wild Joes Coffee owner), Marek Ziegler (Bozeman PD), and Heather Grenier (HRDC). The first version of the business resource toolkit was sent out to downtown property and business owners on November 11th. This toolkit will be revised as new resources and information become available. Emily Cope and Amy Kirkland met with Jeff Mihelich on January 12th. Jeff shared his experiences of working in Ft. Collins and offered an idea of piloting a program over the summer of having downtown resource officers who would develop relationships with all business/property owners and individuals who may be experiencing homelessness or mental health concerns. The resource officers would be available for anyone to contact if they are experiencing a situation with individuals downtown that does not require police presence. The next steps of this pilot program will be conversations surrounding funding sources and logistics of managing the program. Downtown Bozeman Partnership/COB Updates • Bill Stoddart has resigned from the URD board. The online application is available now on the City of Bozeman website. This is a non-voting position and the term is through June 30, 2022. • DBP Executive Director hiring update Technical Assistance Program Update Other Financial Program Updates Streetscape Grants: None Life-Safety Grants: None Fiber Connectivity Grant: None Date Project Name Project Address Applicant Professional Type Value Completed 10/7/2019 Gallatin Laundry 137 East Babcock St Robert Lateiner Think Tank Plan/Façade 10,500$ YES 11/1/2019 9 E Main Street 9 E Main Street Robert Lateiner Think Tank Façade 3,000$ CANCELED 1/30/2020 Bozeman Creek Watercourse of Bozem Jim Madden Intrinsik Planning 7,500$ YES 1/30/2020 DA Davidson & Co 529 E Main St Randy Scully Intrinsik Planning 7,500$ 1/30/2020 102 E Babcock St 102 E Babcock St- Blo Randy Scully Intrinsik Planning 7,500$ Total 36,000$ Technical Assistance Program FY2020 Report Date Project Name Project Address Applicant Professional Type Value Completed 10/5/2020 107 E Babcock 107 E Babcock Randy Scully Intrinsik Planning 7,500$ 10/5/2020 104 E Main 104 E Main Randy Scully Intrinsik Planning 7,500$ 1/13/2021 5th & Main 411 & 421 W Main Donnie Olsson Hennebery Eddy Planning 7,500$ Technical Assistance Program FY2021 Report Building Projects • 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. See https://www.theosbornebozeman.com/ • Merin Condos (on North Bozeman across from Dave’s Sushi) 28 units of owner-occupied housing. Under construction. • Village Downtown 30 new residential condo units and 9 single-family lots are under review by the City. • AC Hotel (5 East Mendenhall) 6 story 140 room full-service hotel. Under construction. • East End Flats (240 East Mendenhall) 6-story mixed use project. Development review completed and final site plan approved. • Carin Townhomes (northwest corner of W Beall & N Grand)—5 townhome condos currently under construction. • North Central (20 North Tracy)—Mountain View & Medical Arts buildings, phased master site plan development proposing a total of 9 new mixed-use buildings, associated parking, open space and infrastructure. Application submitted. New Businesses • Stretch Lab—23 South Willson—formerly The Art Shoppe • Hooked Sushi—119 E Main St—formerly Montana Fish Co.—OPEN • Tanoshii—113 East Main—formerly Corx—renovations underway • Smoke, Fire & Coal—303 East Main—formerly Fire Pizza—OPEN • Sotheby’s International Realty—424 E Main-- formerly Sage Spa—renovations underway • TBD—27 East Main—formerly Crossroads—to be redeveloped as a restaurant(s) • TBD—441 East Main—formerly Coqui Coffee • TBD—137 East Babcock—formerly Gallatin Laundry • TBD—424 East Main—Yellowstone Wild Gallery is going out of business • TBD—544 East Main—formerly Heeb’s – building improvements underway • TBD—411 East Main—Formerly Knife Bistro • TBD—402 E Main St Suite 3— formerly The Montana Scene • TBD—South Willson—formerly Barley & Vine Category FY17 BUDGET FY17 YEAR END FY18 BUDGET FY18 YEAR END FY19 BUDGET FY19 YEAR END FY2020 BUDGET FY2020 YEAR END Income Starting Cash Balance 1,479,289$ 1,657,529 1,490,636 1,677,067 1,780,221 1,849,204 2,145,000 2,145,000 Income from TIF 430,000$ 430,000 430,000 422,638 430,000 423,923 430,000 819,836 COB Interlocal Share 472,500$ 472,500 500,000 782,076 800,000 846,962 875,000 865,414 Entitlement Share State of Montana 45,436$ 45,436 45,000 56,050 45,000 56,060 45,000 56,050 Interest Income 10,000$ 10,000 10,000 21,507 10,000 61,155 14,000 62,198 Other Income 3,000$ - - 0 3,338 Total Income 2,440,225$ 2,615,465 2,475,636$ 2,959,338$ 3,065,221$ 3,237,304$ 3,509,000$ 3,951,836$ Expenses Operations Management Fee and Administration 105,000$ 105,000 110,000 110,000 113,300 113,300 120,000 120,000 Project Management Contract 40,000 7,002 URD Management Contract/Employee 42,000 42,000 Total Operations 105,000$ 105,000 110,000$ 110,000 153,300$ 120,302$ 162,000$ 162,000 Infrastructure Improvements Street Furniture and Park Maintenance 7,500$ 7,500 10,000 14,745 12,500$ 8,018$ 10,000 8,436 North Black Pocket Park Construction 15,000 20,000$ 20,000 10,000 13,000 North Black Streetscape Construction - 80,000 80,000 - Streetscape--new purchases 25,000$ 20,000 25,000 37,534 25,000 6,783 25,000 31,509 North Rouse Streetscape Project Streetlamps (26 qty)85,000 - Tree Frames/Grates (24 qty)35,000 - Streetscape Assistance Grant Program 80,000$ 23,975 80,000 46,964 80,000 50,000 - Wayfinding Signage--fab & install 10,000$ 10,000 - Streetlamp Power Reconfiguration Project - - - 250,000 - Alley Improvement Program 25,000$ 25,000 25,000 4,500 25,000 2,503 Public Parking Improvements 250,000$ 250,000 250,000 250,000 250,000 209,127 250,000 250,000 Library Pedestrian Safety Improvements 10,000$ 10,000 10,000 Life-Safety/Code Compliance Grant Program 50,000$ - 50,000 5,635 50,000 50,000 8,697 Encumbered for Olive & Wallace - Fiber Infrastructure--Lamme Carry-Over 90,000 81,709 Fiber-Broadband Infrastructure--Grants 150,000$ 155,000 115,000 5,054 100,000 7,151 10,000 1,050 GVLT Burke Park Bridge Project Bridger Park LED Project Intersection Cable Anchor Repairs 50,000$ 29,354 10,000 12,730 Alternative Transportation Project 12,000 12,000 25,000 - Parking Garage Bus Shelters - 60,000 46,615 - Total Improvements 657,500$ 495,829 612,000$ 372,662$ 714,500$ 382,194$ 915,000$ 396,904$ PlanningCity Economic Development Technician 22,470 2,255 Technical Assistance Grants 50,000$ 20,000 50,000 - 50,000 15,000 50,000 18,000 Encumbered Funds 10,000$ - 31,000 18,000 10,500 7,500 7,500 Residential Incentive Program 200,000$ - 200,000 - 200,000 - 200,000 Hotel Incentive Encumbered Funds 100,000$ - 200,000 84,013 100,000 - 100,000 Hotel Incentive Program 100,000$ - - 100,000 - - Downtown Improvement Plan Update 80,000$ - 100,000 60,000 - - - DBIP: Transportation Planning 200,000 1,278 DBIP: Code Amendments 50,000 DBIP: Design Guidelines 50,000 DBIP: General Implementation 20,000$ 10,000 50,000 7,500 50,000 20,000 75,000 17,750 UDC Update Consultant 2,285 Sewer Flow Monitoring 48,835 Encumbered FY14 WTI Truck Route Study B3 3D Modeling Project -$ B3 Historic Inventory Update -$ B3 ZMA Project -$ City Wayfinding--Downtown Planning 5,000$ - 10,000 - - SILD & Streetscape Engineering 30,000$ 34,000 100,000 1,510 25,000 571 25,000 DURT Phase 1 Final Engineering -$ DURT Phase 1 Lighting Contribution Strategic Parking Plan--Data Collection 20,000$ 20,000 - Alternative Transportation Master Planning 5,000 - 5,000 - Structured Parking Feasibility Analysis 50,000 50,000 25,000 South Wallace Asbestos Project 75,000 - 75,000 Professional Services Term Contract 100,000 - 75,000 Streetscape Preliminary Engineering 25,000 19,959 Sewer Capacity and Buildout Analysis 25,000 19,940 15,000 Floodplain Analysis Phase 1 42,000 41,674Floodplain Analysis Phase 2 50,000 50,000$ 50,000$ - Total Planning 615,000$ 84,000 746,000$ 263,817$ 840,500$ 155,511$ 994,970$ 66,742$ Parking Structure Garage Bond Refinancing Fees 400,938 Garage Bond Payment 430,000$ 430,000 430,000 422,638 430,000 423,923 430,000 418,898 Garage Long-term Maintenance Fund 10,000$ 10,000 10,000 10,000 10,000$ 10,000$ - Total Parking Garage Payments 440,000$ 440,000 440,000$ 432,638$ 440,000$ 433,923$ 430,000$ 819,836$ Explosion Impact Fee Expenses Explosion Impact Fees 100,000$ - - Total Impact Fee Expenses 100,000$ - - Total Expenses 1,917,500$ 1,124,829 1,908,000$ 1,179,117$ 2,148,300$ 1,091,930$ 2,501,970$ 1,445,482$ 59%62%51%58% Balance 522,725$ 1,490,636 567,636$ 1,780,221$ 916,921$ 2,145,374$ 1,007,030$ 2,506,354$ 2017 2018 2019 2020 2021 Average 472,500 782,076 846,962 865,414 1,400,000 741,738 65.5%8.3%2.2%61.8%34.4% Worst Expected Best 3.0%5.0%8.0% Scenarios DOWNTOWN URBAN RENEWAL DISTRICT Downtown URD FY20-FY30 Cash Flow Projections FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2027 FY2028 FY2029 FY2030 FY2031 FY2032 TOTAL SOURCES: Income from TIF 335,000 335,000 335,000 335,000 335,000 335,000 335,000 335,000 335,000 335,000 335,000 335,000 4,020,000 Entitlement Share 56,050 56,050 56,050 56,050 56,050 56,050 56,050 56,050 56,050 56,050 56,050 56,050 672,600 Interest Income 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 240,000 COB Interlocal Share: Worst Case (3% Annual Growth)1,400,000 1,442,000 1,485,260 1,529,818 1,575,712 1,622,984 1,671,673 1,721,823 1,773,478 1,826,682 1,881,483 1,937,927 19,868,844 Expected Case (5% Annual Growth)1,400,000 1,470,000 1,543,500 1,620,675 1,701,709 1,786,794 1,876,134 1,969,941 2,068,438 2,171,860 2,280,452 2,394,475 22,283,982 Best Case (8% Annual Growth)1,400,000 1,512,000 1,632,960 1,763,597 1,904,685 2,057,059 2,221,624 2,399,354 2,591,302 2,798,606 3,022,495 3,264,295 26,567,985 TOTAL SOURCES - WORST CASE 1,811,050$ 1,853,050$ 1,896,310$ 1,940,868$ 1,986,762$ 2,034,034$ 2,082,723$ 2,132,873$ 2,184,528$ 2,237,732$ 2,292,533$ 2,348,977$ 24,801,441$ TOTAL SOURCES - EXPECTED CASE 1,811,050$ 1,881,050$ 1,954,550$ 2,031,725$ 2,112,759$ 2,197,844$ 2,287,184$ 2,380,991$ 2,479,488$ 2,582,910$ 2,691,502$ 2,805,525$ 27,216,577$ TOTAL SOURCES - BEST CASE 1,811,050$ 1,923,050$ 2,044,010$ 2,174,647$ 2,315,735$ 2,468,109$ 2,632,674$ 2,810,404$ 3,002,352$ 3,209,656$ 3,433,545$ 3,675,345$ 31,500,577$ USES: Operational Budget (3% Annual Growth)175,000 180,250 185,658 191,227 196,964 202,873 208,959 215,228 221,685 228,335 235,185 242,241 2,483,605 Total Parking Garage 335,000 335,000 335,000 335,000 335,000 335,000 335,000 335,000 335,000 335,000 335,000 335,000 4,020,000 Improvements: Encumbered Items 964,000 964,000 Unencumbered Items - Total Improvements 964,000 - - - - - - - - - - - 964,000 Planning: Encumbered Items 1,708,790 1,708,790 Unencumbered Items - Total Planning 1,708,790 - - - - - - - - - - - 1,708,790 TOTAL USES 3,182,790$ 515,250$ 520,658$ 526,227$ 531,964$ 537,873$ 543,959$ 550,228$ 556,685$ 563,335$ 570,185$ 577,241$ 9,176,395$ NET ANNUAL CASHFLOW - WORST CASE (1,371,740)$ 1,337,800$ 1,375,653$ 1,414,641$ 1,454,798$ 1,496,161$ 1,538,764$ 1,582,645$ 1,627,843$ 1,674,397$ 1,722,348$ 1,771,736$ 15,625,046$ NET ANNUAL CASHFLOW - EXPECTED CASE (1,371,740)$ 1,365,800$ 1,433,893$ 1,505,498$ 1,580,795$ 1,659,971$ 1,743,225$ 1,830,763$ 1,922,803$ 2,019,574$ 2,121,317$ 2,228,284$ 18,040,182$ NET ANNUAL CASHFLOW - BEST CASE (1,371,740)$ 1,407,800$ 1,523,353$ 1,648,420$ 1,783,771$ 1,930,236$ 2,088,715$ 2,260,176$ 2,445,668$ 2,646,321$ 2,863,360$ 3,098,104$ 22,324,182$ BEGINNING CASH BALANCE 3,100,000 1,728,260 3,066,060 4,441,713 5,856,353 7,311,151 8,807,312 10,346,076 11,928,722 13,556,565 15,230,962 16,953,310 16,953,310 ENDING CASH BALANCE - WORST CASE 1,728,260$ 3,066,060$ 4,441,713$ 5,856,353$ 7,311,151$ 8,807,312$ 10,346,076$ 11,928,722$ 13,556,565$ 15,230,962$ 16,953,310$ 18,725,046$ 18,725,046$ ENDING CASH BALANCE - EXPECTED CASE 1,728,260$ 3,094,060$ 4,499,953$ 5,947,210$ 7,437,148$ 8,971,123$ 10,550,537$ 12,176,839$ 13,851,525$ 15,576,139$ 17,352,279$ 19,181,594$ 19,181,594$ ENDING CASH BALANCE - BEST CASE 1,728,260$ 3,136,060$ 4,589,413$ 6,090,132$ 7,640,124$ 9,241,388$ 10,896,027$ 12,606,252$ 14,374,389$ 16,202,886$ 18,094,322$ 20,051,413$ 20,051,413$ URD cash flow and priority analysis 3-21 Description Project Cost Additional Spaces Cost per Space Parking Decks on Surface Lots 4,908,557.58$ 145 33,852.12$ **estimated number of spaces and cost, scope of work on parking decks to be completed in March Bridger Park Garage Expansion Option 2: Expansion + Roof 4,740,000.00$ 125 37,920.00$ Option 2b: Expansion, No Roof 3,930,000.00$ 143 27,482.52$ Option 2c: Expansion + Roof 5,170,000.00$ 143 36,153.85$ 2nd Parking Garage 18,000,000.00$ 425 42,352.94$ Structured Parking Costs Category Sub-Category Low Est.High Est.Notes Project Start Year (to be completed by 2032) Heart of a Thriving City Min Max 1 Create a Downtown Infrastructure and Public Realm Plan 50,000 100,000 4 6 2026 2 Increase the number of on-street parking spaces by transforming Main Street to 3 lanes with diagonal parking 228,000 1,128,000 4 6 2026 3 Develop an employee paid parking permit system 10,000 20,000 0 3 2029 4 Expand and clarify parking signage 15,000 30,000 4 6 2026 5 Expand structured parking 22,108,000 27,108,000 4 10 2022 Subtotal 22,411,000 28,386,000 More than Main Street 6 Alleviate navigational challenges on Wallace Avenue by removing parking 8,000 25,000 4 6 2026 7 Extend Babcock east into Library Parking Lot - - 7 10 2022 8 Expand Grand Avenue as Downtown's cultural arts heart 25,000 210,000 0 3 2029 9 Enhance Black Avenue as Bozeman's downtown bike hub 1,009,000 1,035,000 4 6 2026 10 Enhance Rouse Avenue as downtown's civic corridor 5,000 10,000 4 10 2022 11 Continue to implement the streetscape improvement program 4,720,000 5,900,000 0 10 2022 12 Promote smaller alley-based retail/offices.5,000 15,000 4 6 2026 13 Activate the alleys with unique character 35,000 65,000 Cost per alley, 11 blocks remaining 4 6 2026 14 Use alleys as secondary connectors - - 4 6 2026 15 Plan for maintenance, business operations and winter needs in the alleys 46,800 62,400 cost per year 0 3 2029 Subtotal 5,853,800 7,322,400 Walkable and Accessible 16 Create a Downtown Circulator with a park-and-ride link 858,000 858,000 $400,000 for paving fairground parking lot $368,000 for each additional bus purchased $90,000 annual operating cost for circulator/shuttle 4 6 2026 17 Create bike and transit connections between key destinations and downtown - - 0 3 2029 18 Partner to install EV charging stations around Downtown 10,000 25,000 per charging station 4 6 2026 19 Designate ride share pick-up and drop-off locations 10,000 30,000 0 3 2029 20 Promote and expand services that complement carless living.- - 4 6 2026 21 Introduce a coordinated bike share program 242,000 306,000 $170,000 - $210,000 start up equipment $72,000 - $96,000 annual operating 0 3 2029 22 Increase the number of on-street parking spaces by transforming Main Street to 3 lanes with diagonal parking - - 4 6 2026 23 Create a protected 2-way cycle track on Babcock - - 4 6 2026 24 Improve Mendenhall's bike facilities to a "super sharrow"- - 0 3 2029 Subtotal 1,120,000 1,219,000 Welcoming to Everyone 25 Reserve public parking space for affordable housing developments - - 7 10 2022 26 Create Downtown Design Guidelines 85,000 165,000 0 3 2029 27 Ensure new design guidelines supplement general categories in Section 38.340 of the code - - 0 3 2029 28 Encourage code flexibility for existing and new buildings - - 4 6 2026 29 Align maximum building height with Community Plan 2,000 5,000 0 3 2029 30 Explore Gentle Infill; Consider Unique Needs of Narrow or Small Parcels - - 4 6 2026 Subtotal 87,000 170,000 Connected to Nature and Culture 31 Revitalize the creeks and drainage systems for improved ecological health and community benefit. 115,000 150,000 7 10 2022 32 Restore and create access to Bozeman Creek 10,000 30,000 7 10 2022 33 Restore and create access to Bozeman Creek- interpretive elements along creek through signs, maps, wayfinding 10,000 30,000 4 6 2026 34 Reimagine Soroptomist Park 270,000 1,040,000 4 6 2026 35 Partner with the Parks Department to supplement revenue streams through private development opportunities - - 0 3 2029 36 Connect the more passive outer ring parks to the downtown neighborhoods that rely on them - - 7 10 2022 Subtotal 405,000 1,250,000 GRAND TOTAL 29,876,800 38,347,400 Non-Parking Related Items 7,768,800 11,239,400 DBIP Implementation Cost Estimates (As of 12/15/2020) Est. Time to Complete (years)