Loading...
HomeMy WebLinkAbout08-16-23 Downtown BID Agenda and PacketA.Call meeting to order - 12:00 p.m. This meeting will be held both in-person and also using an online video conferencing system. You can join this meeting: Via Video Conference: Click the Register link, enter the required information, and click submit. Click Join Now to enter the meeting. Via Phone: This is for listening only if you cannot watch the stream, channel 190, or attend in- person United States Toll +1 253 205 0468 Access code: 955 3864 1712 B.Disclosures C.Public Comment This is the time to comment on any matter falling within the scope of the Business Improvement District Board. There will also be time in conjunction with each agenda item for public comment relating to that item but you may only speak once per topic. Please note, the Board cannot take action on any item which does not appear on the agenda. All persons addressing the Board shall speak in a civil and courteous manner and members of the audience shall be respectful of others. Please state your name and place of residence in an audible tone of voice for the record and limit your comments to three minutes. D.FYI/Discussion D.1 August Finance Report(Cope) THE BOZEMAN DOWNTOWN BUSINESS IMPROVEMENT DISTRICT BOARD OF BOZEMAN, MONTANA BID AGENDA Wednesday, August 16, 2023 General information about the Downtown Business Improvement District Board is available in our Laserfiche repository. If you are interested in commenting in writing on items on the agenda please send an email to agenda@bozeman.net or visit the Public Comment Page prior to 12:00pm on the day of the meeting. Public comments will also be accepted in-person and through Video Conference during the appropriate agenda items. As always, the meeting will be streamed through the Commission's video page and available in the City on cable channel 190. For more information please contact Emily Cope, emily@downtownbozeman.org BID Financial Report 8-8-23.pdf 1 D.2 August Economic Development Director's Report (Cope) E.Adjournment BID EDD Report 8-23.pdf For more information please contact Emily Cope, Bozeman Downtown Partnership, emily@downtownbozeman.org This board generally meets the 3rd Wednesday of the month from 12:00 to 1:30 Citizen Advisory Board meetings are open to all members of the public. If you have a disability and require assistance, please contact the City for ADA coordination, 406.582.2306 (TDD 406.582.2301). 2 Memorandum REPORT TO:Bozeman Downtown Business Improvement District Board FROM:Emily Cope, Downtown Bozeman Partnership SUBJECT:August Finance Report MEETING DATE:August 16, 2023 AGENDA ITEM TYPE:Finance RECOMMENDATION:Discuss. STRATEGIC PLAN:4.4 Vibrant Downtown, Districts & Centers: Promote a healthy, vibrant Downtown, Midtown, and other commercial districts and neighborhood centers – including higher densities and intensification of use in these key areas. BACKGROUND:Emily will present the monthly finance report. UNRESOLVED ISSUES:None. ALTERNATIVES:None. FISCAL EFFECTS:None. Attachments: BID Financial Report 8-8-23.pdf Report compiled on: August 8, 2023 3 Downtown BID August 2023 Finance Report APPROVED Y-T-D FY2024 FY2024 Income BID Assessment 230,000.00$ 115,000.00$ BID Assessment--residual Contract Income 24,000.00$ 6,000.00$ Interest Income 100.00$ 0.81$ Mobile Vending Fees 1,750.00$ Flower Sponsorships 9,000.00$ 1,200.00$ Christmas Light Sponsorships 3,500.00$ Streetlamp Banners 12,000.00$ 2,800.00$ Imperial Hanging Basket Sales 3,400.00$ Total Income 280,350.00$ 128,400.81$ Expenses Management Fee 67,500.00$ 16,875.00$ Total Expenses 67,500.00$ 16,875.00$ Payroll Expenses Maintenance Staff 65,000.00$ 6,866.00$ Taxes 4,825.00$ 741.48$ Work Comp 3,300.00$ 230.90$ Maintenance Staff--Garage 22,500.00$ 2,520.00$ Taxes 950.00$ Work Comp 950.00$ Total Payroll Expenses 97,525.00$ 10,358.38$ Programs Outreach Bozeman 10,000.00$ wntown Bozeman Association (DBA) Sup 27,000.00$ 27,000.00$ Holiday Lights 2,000.00$ Holiday Light Spider Repair 2,000.00$ Holiday Lights Storage 1,525.00$ Holiday Lights- Reserve Fund 10,000.00$ 10,000.00$ New Banners 3,000.00$ Flower Expenses 30,000.00$ 30,961.00$ Flower Water 300.00$ 26.28$ Tree Purchases 2,000.00$ Marketing 2,500.00$ Maintenance Supplies 4,000.00$ 224.87$ Garbage Bags 2,675.00$ Graffiti Supplies 1,000.00$ 102.00$ Graffiti Contracted Removal 6,500.00$ Mule Service & Fuel 1,750.00$ 161.78$ Truck Service & Fuel 2,500.00$ 295.03$ Truck-Mule Insurance 5,500.00$ Program Contingency 1,000.00$ 98.40$ Total Program Expenses 115,250.00$ 68,869.36$ Total BID Expenses 280,275.00$ 96,102.74$ NET ASSESSMENT INCOME 75$ 32,298$ Capital Expenses Red Holiday Spider Replacement 15,000.00$ 13,060.13$ Earth Planter Self-Watering Basket (M 45,000.00$ Checking Account Balance 156,627.69$ Certificate of Deposit Balance 31,913.69$ Total Cash On Hand Total 188,541.38$ 4 Memorandum REPORT TO:Bozeman Downtown Business Improvement District Board FROM:Emily Cope, Downtown Bozeman Partnership SUBJECT:August Economic Development Director's Report MEETING DATE:August 16, 2023 AGENDA ITEM TYPE:Plan/Report/Study RECOMMENDATION:Discuss. STRATEGIC PLAN:4.4 Vibrant Downtown, Districts & Centers: Promote a healthy, vibrant Downtown, Midtown, and other commercial districts and neighborhood centers – including higher densities and intensification of use in these key areas. BACKGROUND:Emily will present the monthly ED UNRESOLVED ISSUES:N/A ALTERNATIVES:N/A. FISCAL EFFECTS:N/A. Attachments: BID EDD Report 8-23.pdf Report compiled on: August 10, 2023 5 Economic Development Director’s Report Business Improvement District Board August 2023 General Downtown Updates Upcoming UDC Open Houses Join the City of Bozeman Community Development staff and the Code Studio project team at an upcoming Open House to get acquainted with the proposed layout, new zoning districts & map, transition standards, as well as the upcoming adoption process and schedule. • Aug. 23 from 5:30 to 7:30 p.m. at Fire Station 3 Community Room (1705 Vaquero Way) • Aug. 24 from 11:30 a.m. to 1:30 p.m. at City Hall Commission Room (121 N. Rouse Ave) • Aug. 28 from 6 to 7 p.m. online with meeting info to come at engage.bozeman.net/udc Upcoming Board Vacancies: Both the Downtown URD and BID have vacancies. No current timeline on appointments. Apply here: https://www.bozeman.net/departments/city-commission/advisory- boards/apply-for-an-advisory-board Downtown Sewer Project: • August 11 - Sept: N Bozeman from Main Mendenhall • August 21 - September 21: E Main from Bozeman to Rouse • More information is available on the City of Bozeman website: https://www.bozeman.net/departments/transportation-engineering/projects/east-main-street- construction. For weekly information about the project please follow BZNStreetReport on Facebook or visit bozemanstreetreport.com. Downtown REwrap Electrical Box Project: Most of the wraps are completed! Learn more: https://downtownbozeman.org/news/downtown-bozeman-rewrap-2 Maintenance Program Update Currently we have one general maintenance employee (Mike), a part-time garage maintenance employee (Trish), and two seasonal flower waterers (Patty and Elise). Below are the maintenance statistics comparing the year-to-date figures from this year (FY23) to the corresponding stats from last year (FY22). FY2023 Y-T-D FY2024 Y-T-D Total Avg/mnth Total Avg/mnth Difference Trash Emptied 376 376 431 431 +55 Recycling Emptied 102 102 97 97 -5 Graffiti Removed 26 26 19 19 -7 6 Building Projects • The National (104 East Main)—Development project underway, to be restored to original façade. A vinyl wrap on the construction walkway has been installed to highlight the project and show photos of the building’s history. • Village Downtown 92 condos are under construction on the other lot to the South of the existing Lofts building. • 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. Construction underway. Business Updates • Fjallraven- 1 East Main St- Formerly Girls Outdoors • Stio –233 E Main St- Opening fall 2023 • Belle Cose – 233 E Main St- renovations underway • TBD-122 E Main- Formerly Downtown Antiques • Meridian Men- 107 E Main- Opening summer 2023 • Lucchese Boots -131 E Main- formerly Little Angels Boutique • Mountain Trails Gallery- 303 E Main St- formerly Smoke, Fire & Coal – NOW OPEN! • TBD- 211 E Main- Formerly El Camino/Kitty Warren • LV Wood West- 225 E Mendenhall- Formerly Onyx – Opening summer/fall 2023 • TBD- 129 W Main St- Formerly Theory Salon • Whiskey & Lace – 23 W Main St – closing end of August 2023 Upcoming DBA Events: • Music on Main- Every Thursday through August 10th • Art Walks- Second Fridays June-September • Cat Walk- August 18th • Cruisin’ on Main Car Show- August 20th 7