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Home My WebLink About07-17-24 - BID Agenda and Packet MaterialsA. Call meeting to order - 12:00 p.m. B. Disclosures C. Changes to the Agenda D. Public Comments on Non-agenda Items Falling within the Purview and Jurisdiction of the Board E. FYI/Discussion THE BOZEMAN DOWNTOWN BUSINESS IMPROVEMENT DISTRICT BOARD OF BOZEMAN, MONTANA BID AGENDA Wednesday, July 17, 2024 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 comments@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 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 This is the time to comment on any non-agenda 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 state whether you are a resident of the city or a property owner within the city in an audible tone of voice for the record and limit your comments to three minutes. 1 E.1 Monthly Finance Report (Cope) E.2 Monthly Economic Development Director's Report (Cope) F. Adjournment 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 City Board meetings are open to all members of the public. If you have a disability that requires assistance, please contact our Acting ADA Coordinator, Max Ziegler, at 406.582.2439 (TDD 406.582.2301). 2 Memorandum REPORT TO:Bozeman Downtown Business Improvement District Board FROM:Emily Cope, Downtown Bozeman Partnership SUBJECT:Monthly Finance Report MEETING DATE:July 17, 2024 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 â€“ including higher densities and intensification of use in these key areas. BACKGROUND:Staff will present the monthly finance report. UNRESOLVED ISSUES:None. ALTERNATIVES:None. FISCAL EFFECTS:None. Attachments: BID Finance Report 6-30-24.pdf Report compiled on: June 30, 2024 3 Downtown BID June 2024 Finance Report APPROVED Y-T-D FY2024 FY2024 Income BID Assessment 230,000.00$ 230,000.00$ 100% BID Assessment--residual Contract Income 24,000.00$ 24,000.00$ 100% Interest Income 100.00$ 330.38$ 330% Mobile Vending Fees 1,750.00$ 0% Flower Sponsorships 9,000.00$ 7,001.23$ 78% Christmas Light Sponsorships 3,500.00$ 3,900.09$ 111% Streetlamp Banners 12,000.00$ 14,050.00$ 117% Imperial Hanging Basket Sales 2,089.00$ Total Income 280,350.00$ 281,370.70$ 100% Expenses Management Fee 67,500.00$ 67,500.00$ 100% Total Expenses 67,500.00$ 67,500.00$ 100% Payroll Expenses Maintenance Staff 65,000.00$ 42,713.00$ 66% Taxes 4,825.00$ 5,188.74$ 108% Work Comp 3,300.00$ 1,334.82$ 40% Maintenance Staff--Garage 22,500.00$ 22,967.50$ 102% Taxes 950.00$ 0% Work Comp 950.00$ 0% Total Payroll Expenses 97,525.00$ 72,204.06$ 74% Programs Outreach Bozeman 10,000.00$ 10,000.00$ 100% wntown Bozeman Association (DBA) Sup 27,000.00$ 27,000.00$ 100% Holiday Lights 2,000.00$ 1,636.78$ 82% Holiday Light Spider Repair 2,000.00$ 1,439.40$ 72% Holiday Lights Storage 1,525.00$ 1,479.00$ 97% Holiday Lights- Reserve Fund 10,000.00$ 10,000.00$ 100% New Banners 3,000.00$ 0% Flower Expenses 30,000.00$ 31,146.00$ 104% Flower Water 300.00$ 234.48$ 78% Tree Purchases 2,000.00$ 0% Marketing 2,500.00$ 2,500.00$ 100% Maintenance Supplies 4,000.00$ 3,752.87$ 94% Garbage Bags 2,675.00$ 1,936.87$ 72% Graffiti Supplies 1,000.00$ 266.70$ 27% Graffiti Contracted Removal 6,500.00$ 4,806.19$ 74% Mule Service & Fuel 1,750.00$ 1,684.76$ 96% Truck Service & Fuel 2,500.00$ 1,744.60$ 70% Truck-Mule Insurance 5,500.00$ 5,788.00$ 105% Program Contingency 1,000.00$ 188.10$ 19% Total Program Expenses 115,250.00$ 105,603.75$ 92% Total BID Expenses 280,275.00$ 245,307.81$ 88% NET ASSESSMENT INCOME 75$ 36,063$ Capital Expenses Red Holiday Spider Replacement 15,000.00$ 13,060.13$ 87% Earth Planter Self-Watering Basket (M 45,000.00$ 38,760.00$ 86% Fire Cabinet 1,509.42$ Checking Account Balance 118,881.94$ Certificate of Deposit Balance 32,232.83$ Total Cash On Hand Total 151,114.77$ 4 Memorandum REPORT TO:Bozeman Downtown Business Improvement District Board FROM:Emily Cope, Downtown Bozeman Partnership SUBJECT:Monthly Economic Development Director's Report MEETING DATE:July 17, 2024 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 â€“ including higher densities and intensification of use in these key areas. BACKGROUND:Staff will provide an update on Downtown BID's programs and other relevant downtown information. UNRESOLVED ISSUES:None. ALTERNATIVES:None. FISCAL EFFECTS:None. Attachments: BID EDD Report 7-24.pdf Downtown Tracking Sheet-Bus. Q3.pdf Downtown Tracking Sheet-Dev. Q3.pdf Report compiled on: July 11, 2024 5 Economic Development Director’s Report Business Improvement District Board July 2024 General Updates Board Appointments BID and URD Board appointments were made at the June 25th City Commission Meeting. • BID Appointments: Mark Kehke and Susan Neubauer, terms ending June 30, 2028. • URD Appointments: John How, Marley McKenna, Tony Renslow and Nicholas Wickes. • Downtown Bozeman Association currently has a board member vacancy. Parking Updates • Baker Tilly is compiling an updated cash flow analysis for the Downtown URD, this will be presented to the board once completed. • The newly hired COB Parking Manager is Nick Focken, formerly parking enforcement officer and interim parking manager. o • We are looking to formalize a “Parking Working Group” in the coming months with representation from DURD, BID, DBA, CoB and at large community members. Maintenance Program Update Flower baskets were installed the week of June 3. We are officially transitioned to all Earth Planter baskets. Patty is currently watering four days a week (each basket gets filled twice a week). The tinsel has been ordered for the gold holiday spider to be replaced this winter. Below are the maintenance statistics comparing the year-to-date figures from this year (FY24) to the corresponding stats from last year (FY23). FY2023 Y-T-D FY2024 Y-T-D Total Avg/mnth Total Avg/mnth Difference Trash Emptied 3326 277 3743 312 +417 Recycling Emptied 682 57 786 66 +104 Graffiti Removed 245 20 248 21 +3 Upcoming Downtown Events • Art Walks kick off on June 14th! Happening the second Friday of each month, June- September. • Music on Main Taking place every Thursday evening from July 11th-August 15th! Check out the line up that was released: https://downtownbozeman.org/news/music-on-main-lineup-2024 • Cruisin’ on Main- August 18th • Montana Downtown & Main Street Conference- SAVE THE DATE! October 23-25 hosted by Downtown Bozeman | Downtown Livingston 6 DOWNTOWN BUSINESS TRACKING Q3 2024 JULY-SEPT. NEW DBA MEMBERS BUSINESS ADDRESS DATE OF MEMBERSHIP Luuchese Bootmaker 131 E Main July Origin Imagery https://www.originimagery.com/July NEW BUSINESSES BUSINESS ADDRESS DATE OF OPENING Tracy Anderson Wellness + Movement 223 E Main July A Banks Gallery 25 S Tracy TBA Melt House S Grand TBA Bloom Montana 25 N Willson July Belle Cose 233 E Main TBA Cousins Pub 211 E Main, #101 TBA Spitz Bozeman 1101 E Main St. Unit 101 TBA CLOSED BUSINESS BUSINESS ADDRESS DATE OF CLOSURE Halcyon House 612 W Main St June Indikoi (relocated outside downtown)25 S Tracy Ave July VACANT LOCATIONS BUSINESS ADDRESS DATE OF CLOSURE Shredmonk 121 W Main 2023 Copper Building (frmly DTN Antiques)122 E Main 2023 Thrive 400 E Babcock 2023 Glove Beauty Shop 140 E Main St Suite E 2024 Wild West Foods 326 E Mendenhall 2023 Rare Bird (Relocated)131 W. Babcock Apr DBA DROPPED MEMBERS BUSINESS NOTES DROP DATE Peak Potential Academy Closed 1-Jul Halcyon House Closed 1-Jul Holmes & Turner Outside Downtown; decided against renewal 2-Jul Alliance Nationalwide Exposition Outside Downtown; Declined renewal 10-Jul Backcountry Burger Bar Declined renewal 10-Jul The Artist’s Proof | Steve Cannon Photo Outside Downtown; Declined renewal 10-Jul 7 DOWNTOWN DEVELOPMENT TRACKING Q3 2024 JULY - SEPT. CURRENT PROJECTS ADDRESS STATUS PROPERTY TYPE UNIT TYPE(S) NOTES (design professional, stories, etc) GRANT REIMBURSE MENTS The National Building 104 E Main St COMPLETED Commercial N/A Intrinsik, 4 stories Streetscape Cooper Block (Dtn Antiques)122 E Main St In Progress Mixed 3 commercial, 6 residential Closure 6/3-6/8, Walkway through 2025 N/A MacKenzie River Pizza 232 E Main St COMPLETED Commerical N/A COMPLETE N/A Freestone on Main 421 W Main In Progress Residential 120, added Midtown and Downtown URD collab lghting project TBD Residential Incentive, Sewer Imp. Argreement, Streetscape 126 East Main (MT Scene)126 E Main In Progress Commercial N/A Rocky Mountain Pharmacy 25 N. Willson In Progress Commercial N/A Not yet Abby Hetherington Interiors 33 S Tracy In Progress Retail/Commerc ial 1 GL, 1 UG Langlas & Graphic Haus, 2 stories Streetscape, Façade, Utility, Fire- Safety? 108 W Babcock 108 W Babcock Plans submitted Mixed Pearson Design Group, 4 stories, proposed office/residential Mendenhall Flats 240 E Mendenhall Plans submitted Mixed Commercial, Office, 15 two and three bedroom condos Intrinsik, break ground in 2025 FUTURE PROJECTS ADDRESS STATUS PROPERTY TYPE UNIT TYPE(S) NOTES (design professional, stories, etc) GRANT REIMBURSE MENTS 8 The Scully-Old US Bank Location 112 E Main St 2025 Mixed 7-9, 4 stories Residential, streetscape Fire Station One 30 N Rouse N/A Mixed 50 units at 120% AMI 1.6M Workforce Housing Agreement - 2027 Block B (Salvation Army)32 S Rouse 2025/26 Hotel/Hiton Co. 191 keys, 6 stories, 137 UG parking spaces Block A 503-519 E Babcock 2025/26 Mixed 44 units, 7 stories 75 parking spaces, high-end Empire Site 606 E Main N/A Hotel Hotel Project 302 E Mendenhall 2027 Hotel Ag Depot 620-714 E Mendenhall Mixed Downtowner Building S Willson to W Main N/A Mixed Roof, brick and suppression restoration, applied for MHPG 2/29 BG Mill 714 E Mendenhall 18 condos, 5 stories NOT IN DURD Hampton Inn 507 W Main In Progress Hotel + retail 113 rooms, 3 retail, 4 stories *not in URD Sanderson Stewart Hotel Bozeman and Residences 1 W Lamme St In Progress Hotel/ Marriott 120 guest rooms, 29- two-bedroom, 5-3- bedroom, 71 keys 6 stories, Autograph Collection. *not in URD SMA Architecture 9