HomeMy WebLinkAboutURD Minutes 11-21Downtown Urban Renewal District
Board Meeting Minutes
November 16, 2021
Attending: Bobby Bear, Emily Cope, Cory Lawrence, Jen Madgic, Marley McKenna, Tony
Renslow, Angie Rutherford, Ellie Staley, Nicholas Wickes, Nick Zelver
Absent: None
Minutes
ACTION: Cory Lawrence moved to approve the October minutes as presented.
Nick Zelver seconded the motion.
All voted in favor.
Public Comment
Mary Wictor: She commented that she was tuning in to just listen and asked where to find the
list of recommended appointments for the new super boards.
Discussion and Decision Items
Completion of North Black Pocket Park
Ellie presented photos of the corner near the public parking lot on North Black and Mendenhall.
The corner was seeded with grass in the last year but was not successful, people have been
utilizing the space as a parking spot. Ellie asked for direction from the board for next steps to
complete this project. The board suggested looking at art sculptures options.
ACTION: Bobby Bear moved to approve the action to collect bids to finish the needed
landscaping and hardscaping for the corner located at North Black and
Mendenhall, adjacent to the public parking lot.
Cory Lawrence seconded the motion.
All voted in favor.
PUBLIC COMMENT: Mary Wictor stated that the landscaping at this corner as the opportunity
for storm drain education for the public and to reduce pollution in that area with smart
landscaping.
Amend Resolution 5142
Staff is requesting the URD Board to approve the City of Bozeman staff to begin the necessary
work done to amend Resolution 5142 and allow additional bonds to be issued by the Downtown
Urban Renewal District. Please let me know what you feel the next steps are to take the next
steps from my end to help steps from your end. Here’s a little more background and I can supply
any needed ordinance references or documents...
Background:
Upon review of the Bakertilly analysis done in July 2021, it is estimated the bonding capacity of
the Downtown Urban Renewal District is estimated between 7 and 9 million dollars. The
Downtown URD sunsets in 2032 and many projects are considered short-term priorities
including additional structured parking, necessary utility and public infrastructure upgrades,
greenspace enhancements and more. Bonding the URD to its full potential will allow the board
and staff the necessary immediate funding for the short-term to mid-term timeline which would
otherwise not be possible with the annual City of Bozeman Interlocal Share amount estimated at
1.4 million.
Due to the “no additional bonds” provision adopted in Resolution No. 5142-Section 4, issuing
additional debt within the Downtown Urban Renewal District would require City Commission to
approve the necessary ordinance revisions and would likely require sign off from both the
County and the School District. If the URD board determines that bonding is necessary to
complete the prioritized projects within the short-term timeline, then DBP staff will work with City
staff to determine the next steps in order to make the necessary changes to the ordinance so
that we are able to procure bonds for the projected projects. Once City staff begins the
ordinance amendment process, the URD will determine the specific projects the bonding funds
will support.
Once City staff begins the ordinance amendment process, the URD will determine the specific
projects the bonding funds will support.
ACTION: Cory Lawrence moved to approve staff to begin the necessary work to amend
Resolution 5142 and allow additional bonds to be issued by the Downtown Urban
Renewal District.
Tony Renslow seconded the motion.
All voted in favor.
Meeting was adjourned at 1:10 pm