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Home My WebLink AboutURD FY2022 Budget Memo 5-13-21 TO: Downtown URD Board FROM: Emily Cope DATE: May 13, 2021 SUBJECT: FY2022 URD Budget Attached is the FY2022 Downtown URD budget that will be presented at the May URD board meeting to be considered for approval and to be presented at the June 15, 2021 City Commission meeting. The items below will provide background and reasoning behind any line items that are new or deviate notably from the FY22 budget. DBP Management Fee $190,000 9% increase over FY21. The increase is to cover inflation, increase to DBP rent and restructuring DBP staffing positions. Street Furniture and Park Maintenance $25,000 $25,000 to fund street furniture purchases and Soroptomist park landscaping and maintenance. Soroptomist Park will have some new landscaping and hardscaping completed summer of 2021 to enhance the area where the chain link fence and some landscaping was removed summer of 2020. Wayfinding and Parking Signage Project $25,000 This ranked as a top project on the URD board prioritization exercise to expand and clarify what parking is available. $15,000 for fabrication and installation of signage, $5,000 for design and planning for the project. Intersection Cable Anchor Repairs $30,000 An engineering assessment has not been completed on the intersection cable anchor system that supports the holiday “spider” decorations since 2016. DBA Event Stage $50,000 On March 10, 2020, the URD board approved a DBA request for $50,000 as matching funds to purchase a portable event stage. Because of a variety of factors, not the least being COVID, the DBA did not purchase a stage in 2020. Subsequently, it should be noted that the previously approved funding was not in the FY2021 URD Budget. Alternative Transportation Projects $75,000 $75,000 to fund alternative transportation projects including bike & transit connections between downtown and key destinations, a bike share program, enhance bike and pedestrian links, enhance Black Avenue as Bozeman’s downtown bike hub. City Economic Development Specialist $33,000 $33,000 contribution to fund a portion of payroll expenses for two City Economic Development Department Specialists. These employees will work on a variety of tasks directly related to the downtown URD including parking and tax increment financing. Alley Improvements & Planning $50,000 & $45,000 $50k for implementation of alley improvements in north alley between Tracy and Black. Could include any combination of public art, seasonal planters, pavement treatments, lighting, seating, and landscaping. $45k for planning improvements to a new section of alley and planning for utility/stormwater management. This project ranked as a top priority on the URD board prioritization exercise. Soroptomist Park Planning $50,000 $50,000 for the next level of planning. During the fall 2020 semester, the URD partnered with the CATS Program to envision options for transforming the park as highlighted in the 2019 Downtown Bozeman Improvement Plan. The next step is to hire a professional firm/team to further the design concepts developed from the CATS Program. This project ranked as a top priority on the URD board prioritization exercise. Code Amendments $20,000 $20,000 for planning to include more code flexibility Downtown for existing and new buildings (departures, deviations, relaxations, etc.) This project ranked as a top priority on the URD board prioritization exercise. Design Guidelines $75,000 $75,000 to develop a set of downtown design guidelines, explore gentle infill, and add more code flexibility. In FY21 the URD provided $38,750 to City Community Development Department to contract updating historic inventories for downtown buildings. This was the first step of developing a set of downtown design guidelines per the 2019 Downtown Plan and 2019 NCOD Report. This project ranked as a top priority on the URD board prioritization exercise. Downtown Infrastructure & Public Realm Plan $100,000 $100,000 to develop plan to enhance Downtown’s identity and ensure public realm developments create a consistent and sustainable environment, establish framework for near term infrastructure investments that incrementally build to long term vision, provide path for private investment, while leveraging limited resources. This project ranked as a top priority on the URD board prioritization exercise. Employee Paid Parking Permit System $20,000 $20,000 to study implementing an employee paid parking permit system downtown. This project ranked as a top priority on the URD board prioritization exercise. Utility Infrastructure Improvements $250,000 $250,000 for utility infrastructure improvements. Funding could be used towards poles, pipes, cables, wires, conduits, etc. Streetscape Preliminary Engineering $50,000 $50,000 to update and continue planning to extend the streetscape to side streets, Babcock, and Mendenhall. This project ranked as a top priority on the URD board prioritization exercise. Parklet $50,000 $50,000 to design and purchase a parklet to provide additional seating and community space in the downtown core. Streetlamp Power Reconfiguration Project $250,000 Funding for this project has been removed in this year’s budget. The City provided an update that may not require having any lighting districts. More details on this project will be available to DBP staff at a future date. Downtown Urban Renewal District FY2022 Draft Budget Category FY21 Approved Budget FY21 Year End projection FY22 Draft Budget % change vs FY21 Income Starting Cash Balance 2,500,000 2506000 3,295,598 32% Income from TIF 335,000 335000 335,000 0% COB Interlocal Share 1,400,000 1400000 1,456,000 4% Entitlement Share State of Montana 56,050 56050 57,050 2% Interest Income 20,000 20000 20,000 0% Other Income - Total Income 4,311,050$ 4,317,050$ 5,163,648 20% Expenses Operations DBP Management Fee 175,000 175000 190,000 8.57% Total Operations 175,000$ 175,000$ 190,000 Infrastructure Improvements Street Furniture and Park Maintenance 15,000 20000 25,000 67% Streetscape--new purchases 30,000 30000 30,000 North Rouse Streetscape Project FY21 Encumbered- Streetlamps (26 qty) 85,000 85,000 0% FY21 Encumbered- Phase 1 Construction: Conduit 60,000 43000 17,000 FY21 Encumbered-Phase 2 Construction: Lamps 80,000 80,000 0% North Willson Streetscape Project 75,000 75,000 0% Streetscape Assistance Grant Program 50,000 50,000 0% Streetlamp Power Reconfiguration Project 250,000 - Alley Improvements 50,000 50,000 0% FY20 Encumbered 19,000 19,000 0% DBIP: Bozeman Creek Improvements 50,000 50,000 0% DBIP: Wayfinding & Parking Singage 15,000 Library Pedestrian Safety Improvements 15,000 15000 - Life-Safety Grant Program 50,000 5464 50,000 0% Fiber Infrastructure 100,000 100,000 0% Fiber-Broadband Infrastructure--Grants 10,000 5000 10,000 0% Intersection Cable Anchor Repairs 30,000 DBA Event Stage 50,000 Parklet 50,000 Alternative Transportation Projects 25,000 75,000 200% Total Improvements 964,000$ 118,464$ 861,000 Planning City Economic Development Specialist 21,740 21740 33,000 52% Technical Assistance Grants 50,000 15536 50,000 0% FY20 & FY21 Encumbered Funds 15,000 45,000 200% Residential Incentive Program 200,000 200,000 0% Armory Hotel Incentive Encumbered Funds 100,000 100000 - DBIP: Transportation Planning - 25,000 FY20 Encumbered Part One--Concepts 31,710 31710 -100% FY21 Encumbered- Part Two--Data, Analysis, Cost Est 90,590 91,000 0% DBIP: Alley Planning 25,000 20000 45,000 80% DBIP: Bozeman Creek Planning 30,000 15000 30,000 0% DBIP: Soroptomist Park Planning 6,000 2597 50,000 733% DBIP: Code Amendments 10,000 4000 20,000 100% DBIP: Design Guidelines-Historic Inventories 38,750 38750 - DBIP: Design Guidelines 85,000 DBIP: Downtown Infrastruction & Public Realm Plan 100,000 DBIP: General Implementation 100,000 35000 100,000 0% FY20 Encumbered Main Street Truck Study 15,000 6155 -100% DBIP: Employee Paid Parking Permit System 20,000 DBIP: Wayfinding Plan & Parking Singage 10,000 Utility Infrastructure Improvements 250,000 SILD & Streetscape Engineering 25,000 -- Structured Parking Feasibility Analysis 25,000 25000 35,000 40% Structured Parking Informal, Site Plan, Bids 750,000 750,000 0% South Wallace Asbestos Project 75,000 75000 - Professional Services Term Contract 75,000 2500 75,000 0% Streetscape Preliminary Engineering 25,000 50,000 100% Total Planning 1,708,790$ 392,988$ 2,064,000 21% Parking Structure Garage Bond Payment 335,000 335000 335,000 0% Total Parking Garage Payments 335,000$ 335,000$ 335,000 0% Total Expenses 3,182,790$ 1,021,452$ 3,450,000 8% Balance 1,128,260$ 3,295,598$ 1,713,648 52% DTN URD Budget FY2022 DRAFT v2