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HomeMy WebLinkAbout02-22-22 - Downtown Urban Renewal District Board - Minutes Downtown Urban Renewal District Board Meeting Minutes February 15, 2022 Attending: Bobby Bear, Emily Cope, David Fine, Cory Lawrence, Jen Madgic, Marley McKenna, Jeff Mihelich, Tony Renslow, Angie Rutherford, Ellie Staley, Nick Zelver Absent: Nicholas Wickes Minutes ACTION: Nick Zelver moved to approve the January minutes as presented. Cory Lawrence seconded the motion. All voted in favor. Public Comment None. Discussion Items Fire Station 1- Create Workforce Housing Marley McKenna recused herself from this item. David Fine presented the request from City of Bozeman to Downtown Urban Renewal Board for approval of Resolution 2022-01. Resolution 2022-01 would be used to incentivize the redevelopment of the Fire Station 1 with workforce housing by having the Downtown Urban Renewal District designate such a project as an Urban Renewal Project and offering a financial incentive of up to $1,600,000 for proposed projects that contain at least 40 units of workforce housing. The Resolution defined workforce housing as housing that is affordable to housing holds make 120% AMI or less. The District would pay the proposed incentive at the time the Project obtains a Certificate of Occupancy to ensure the project is completed, thereby mitigating the risk to urban renewal funds and ensuring the creation of new taxable value by the project. The stated $1.6 million was suggested to be taken out of existing cash reserves. Cory Lawrence stated this item came up very quickly and close to the deadline stated by David Fine. Nick Zelver asked if there are additional funding options other than URD funds to support affordable housing. Tony Renslow stated that the timeline of closing on a deal could be controlled by the seller, allowing for more time for the board to gather more information on this project. Angie Rutherford asked if there was a spectrum of options for funding this project. Public Comment: Ashley Ogle stated she is in support of affordable housing in Downtown Bozeman and appreciates the boards discussion to this matter of how quickly it was brought to the board and would want to see further details and more answers for the project. Motion to deny funding of $1.6 million towards the Fire Station 1 project. Tony Renslow: Motion Cory Lawrence: 2nd Approve: Tony Renslow Cory Lawrence Disapprove: Bobby Bear Nick Zelver Angie Rutherford is a non-voting member. Motion was to “deny the funding request” and therefore is no-action due to tie The board asked city staff to come back with further information on the project and to show exact details of what the URD would be getting in return for their investment of URD funds. Downtown Parking Update Ellie provided an update on paid parking implementation in downtown. At the February 1st City Commission meeting, City Staff presented a Downtown Bozeman Parking Proforma outlining potential parking revenue if a paid parking program was implemented downtown in the core and on surface lots. The City Commission directed City Staff to return with additional information including parking garage site locations, funding options for additional supply, alternative transportations ideas. The Downtown Bozeman Partnership staff has worked to relay information during this process to our stakeholder contact lists. The City will be holding open houses/forums in March will consist of answering questions about paid parking and how the city could effectively implement paid parking to reduce unintended or negative consequences through solutions like a properly designed employee permit program. Meeting was adjourned at 2:00 pm