HomeMy WebLinkAbout02-19-26 - Tax Increment Finance Board - Agendas & Packet MaterialsA. Call meeting to order - 12:00 p.m.
B. Disclosures
C. Changes to the Agenda
D. Public Service Announcements
E. Approval of Minutes
F. Consent
G. Public Comments on Non-agenda Items Falling within the Purview and Jurisdiction of the Board
THE TAX INCREMENT FINANCE ADVISORY BOARD OF BOZEMAN, MONTANA
TIF AGENDA
Thursday, February 19, 2026
General information about the Downtown Business Improvement District Board is available in our
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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
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the Board or staff.
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
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For more information please contact David Fine, David.Fine@bozemanmt.gov
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This is the time to comment on any non-agenda matter falling within the scope of the Tax
Increment Finance 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.
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H. Special Presentation
I. Action Items
I.1 Advise Economic Development staff on the Midtown Urban Renewal District Work Plan and
Budget for Fiscal Year 2027 and Fiscal Year 2028(Fine)
I.2 Advise Economic Development staff on the Northeast Urban Renewal District Work Plan and
Budget for Fiscal Year 2027 and Fiscal Year 2028(Fine)
I.3 Advise Economic Development Staff on the Light Conversion - USA Improvements TIF
Assistance Request(Fine)
J. FYI/Discussion
K. Adjournment
L. This board generally meets the 3rd Thursday of the month from 12:00 to 1:30
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.
Provide input on programs and projects for inclusion in the budget.
Provide input on programs and projects for inclusion in the budget.
City Board meetings are open to all members of the public. If you have a disability that requires
assistance, please contact our ADA Coordinator, David Arnado, at 406.582.3232.
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Memorandum
REPORT TO:Tax Increment Finance Advisory Board
FROM:David Fine, Economic Development Manager
SUBJECT:Advise Economic Development staff on the Midtown Urban Renewal District
Work Plan and Budget for Fiscal Year 2027 and Fiscal Year 2028
MEETING DATE:February 19, 2026
AGENDA ITEM TYPE:Citizen Advisory Board/Commission
RECOMMENDATION:Provide input on programs and projects for inclusion in the budget.
STRATEGIC PLAN:2.2 Infrastructure Investments: Strategically invest in infrastructure as a
mechanism to encourage economic development.
BACKGROUND:Economic Development staff created an initial working draft of a work plan
and budget. Staff seek the advice of the board in identifying, selecting and
prioritizing projects for each district.
UNRESOLVED ISSUES:Work Plans and Budgets for urban renewal districts are not final until they
are included in the City Manager's recommended budget and adopted by
the Bozeman City Commission.
ALTERNATIVES:As suggested by the board.
FISCAL EFFECTS:Final fiscal effects will be determined once the budget proposal is finalized.
Attachments:
Midtown URD Proposed Projects and Programs Draft
February 19 2026.docx
Report compiled on: February 12, 2026
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Midtown URD Proposed Projects and Programs Draft February 19, 2026
FY 27
5th Ave Trail Lighting Construction $250,854
Whittier Parking Lot Construction $361,000
Aspen & 7th Intersection Improvements $200,000
Mendenhall Sewer 7th-5th Design $100,000
North 5th Ave Improvements Design $40,000
Contracted Professional Services $100,000
Maintenance $10,000
Utilities $3,000
Marketing & Recruitment $10,000
5th & Mendenhall Lighting Development agreement $419,000
Midtown Aspen Development $3,400,000
Parking Garage Design $1,500,000
FY 28
N. 5th Ave Construction $160,000
Mendenhall Sewer (7-5) Construction $550,000
Contracted Professional Services $100,000
Maintenance $10,000
Utilities $3,000
Marketing & Recruitment $10,000
4
Memorandum
REPORT TO:Tax Increment Finance Advisory Board
FROM:David Fine, Economic Development Manager
SUBJECT:
Advise Economic Development staff on the Northeast Urban Renewal
District Work Plan and Budget for Fiscal Year 2027 and Fiscal Year 2028
MEETING DATE:February 19, 2026
AGENDA ITEM TYPE:Citizen Advisory Board/Commission
RECOMMENDATION:Provide input on programs and projects for inclusion in the budget.
STRATEGIC PLAN:2.2 Infrastructure Investments: Strategically invest in infrastructure as a
mechanism to encourage economic development.
BACKGROUND:Economic Development staff created an initial working draft of a work plan
and budget. Staff seek the advice of the board in identifying, selecting and
prioritizing projects for each district.
UNRESOLVED ISSUES:
Work Plans and Budgets for urban renewal districts are not final until they
are included in the City Manager's recommended budget and adopted by
the Bozeman City Commission.
ALTERNATIVES:As suggested by the Board.
FISCAL EFFECTS:Final fiscal effects will be determined once the budget proposal is finalized
Attachments:
Northeast URD Proposed Projects and Programs Draft
February 19 2026.docx
Report compiled on: February 13, 2026
5
Northeast URD Proposed Projects and Programs Draft February 19, 2026
FY 27
ROW Enhancements - Church Cottonwood-Aspen
Design $80,500
Removing Wallace Traffic Calming $0
Tree Design $20,000
Light Conversion USA Dev Agreement $450,000
FY 28
Wallace Works Pay-Go $390,879
Bonding Costs Bozeman Yards $100,000
Bozeman Yards Debt Service 415,000
Quiet Zone Construction $800,000
Tree and Tree Infrastructure planting 100000
ROW Enhancements - Church Cottonwood-Aspen Construction 500000
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Memorandum
REPORT TO:Tax Increment Finance Advisory Board
FROM:David Fine, Economic Development Manager
SUBJECT:Advise Economic Development Staff on the Light Conversion - USA
Improvements TIF Assistance Request
MEETING DATE:February 19, 2026
AGENDA ITEM TYPE:Citizen Advisory Board/Commission
RECOMMENDATION:I move to recommend that staff conduct third party review and negotiate a
development agreement for the Light Conversion USA Infrastructure
Improvements
STRATEGIC PLAN:2.2 Infrastructure Investments: Strategically invest in infrastructure as a
mechanism to encourage economic development.
BACKGROUND:Bozeman's targeted economic development strategy has always focused on
supporting Bozeman's homegrown photonics industry as a key traded sector
industry cluster. Light Conversion USA has operated a long-term location
within Bozeman's Northeast Neighborhood. The business hopes to expand
with a purpose-built commercial building at the corner of Rouse and
Tamarack. Staff is seeking policy level direction on whether to move forward
with further revie of the project, including third-party proforma analysis and
negotiating a development agreement. With an affirmative
recommendation, staff will complete a formal staff report based on the
adopted TIF review criteria for the Northeast Urban Renewal District and
provide greater clarity on the scope of a final development agreement based
on this review.
UNRESOLVED ISSUES:Staff have not completed formal review of this project or a third party pro
forma analysis.
ALTERNATIVES:As suggested by the board
FISCAL EFFECTS:Light Conversion USA is requesting $543,201.97 in reimbursement for TIF
eligible expenses.
Attachments:
NEURD_TIF_App_Light_Conversion_USA_FINAL.pdf
Report compiled on: February 13, 2026
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Light Conversion-USA Improvements TIF Assistance Request - 2025 - Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
834
1 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF TABLE OF CONTENTS PROJECT SUMMARY ................................................................................................................ 2 PART 1 .........................................................................................................................................3 GENERAL INFORMATION ....................................................................................................... 3 1. PROPERTY INFORMATION ................................................................................................... 3 2. APPLICATION INFORMATION .............................................................................................. 3 3. COMPANY PROFILE ................................................................................................................ 4 4. PROJECT DETAILS .................................................................................................................. 4 5. SIGNATURES ............................................................................................................................ 5 PROJECT NARRATIVE .............................................................................................................. 6 1. PROPOSED USES .................................................................................................................... 6 2. PROJECT TIMELINE ............................................................................................................... 6 3. CONSTRUCTION INFORMATION ........................................................................................ 6 4. PUBLIC BENEFITS – TIFF ASSISTANCE CRITERIA ...................................................... 7 MAPS – EXHIBITS – PLANS ................................................................................................... 10 1. SITE PHOTOS ........................................................................................................................... 10 2. VICINITY MAP .......................................................................................................................... 11 3. SITE PLANS .............................................................................................................................. 12 4. FLOOR PLANS .......................................................................................................................... 13 5. BUILDING ELEVATIONS ........................................................................................................ 17 6. PARKING ACCOMODATIONS ............................................................................................... 20 7. ESTIMATE DATE OF OCCUPANCY ..................................................................................... 20 8. OFFSITE INFRASTRUCTURE IMPROVEMENTS .............................................................. 20 9. CONCEPT REVIEW COMMENTS ......................................................................................... 21 PART 2 ........................................................................................................................................31 PROJECT FINANCIAL INFORMATION ................................................................................. 31 1. SOURCES AND USE OF FUNDS ......................................................................................... 31 2. DEVELOPMENT BUDGET ...................................................................................................... 32 3. BUDGET OF TIF ELIGIBLE EXPENSES ............................................................................. 39 4. FINANCIAL COMMITMENTS ................................................................................................ 42 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
935
2 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF PROJECT SUMMARY The existing site is situated on the northeast corner of Rouse Av enue and Tamarack
Street. It includes two parcels and currently features a commercial building, two residential buildings (one house and one garage), a parkin g lot, turf grass, trees
and planting beds. Existing underground utilities include n atural gas, electrical,
water, sewer, and communication lines. According to the geotechni cal report, the
soil lithology comprises 4.5 to 6.4 feet of undocumented fil l overlying a thin layer of
alluvial clay or clayey sand. Beneath this, medium-dense to very dense alluvial fan
gravels and sands extend beyond the maximum drilled depth of 26 feet below the
existing ground surface. These subsurface conditions are well-suit ed to support the
structural loads of the proposed basement and elevator infrastr ucture.
The proposed development consists of a single, multi-use buildin g incorporating
manufacturing space, office space, and a potential coffee shop. The structure will
be approximately 14,160 GSF and is three stories tall, r eaching a height of
approximately 40 feet. The building is situated along th e corner of Rouse Avenue
and Tamarack Street. The building’s exterior will feature exp osed concrete, accent
steel, black rib panel, and wood stone siding. The architectur al design and material
palette are intended to compliment the surrounding built envi ronment, including
the Bozeman Public Safety Center.
There are multiple access points into the building for pedestrian s: four main level
and one basement doorways. Vehicular access lies on the northwest a nd southeast
sides of the building. The southeast entry gives you direct access to the parking lot
off Tamarack Street. Sufficient on-site parking will be pro vided to the north and
east of the proposed building. There are proposed storm chambers underneath the
parking lot. The northwest access is the entrance for a proposed 16-foot-wide
alleyway and gives direct access to Rouse Avenue. This alleyway will serve the
surrounding area for both emergency and public access.
The site layout is designed to support the building’s intend ed uses while
maintaining clear access and circulation. Infrastructure impr ovements, including
new access points, internal drive lanes, and an alleyway, ar e planned to enhance the
site and provide easy access. These elements are intended to ensure th e site
functions efficiently within the area. Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
1036
3 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF GENERAL INFORMATION 1. PROPERTY INFORMATION PROPERTY ADDRESSES: 411 East Tamarack, Bozeman MT 59715 PROPERTY OWNER: Light Conversion USA, Inc LEGAL DESCRIPTIONS: S06, T02 S, R06 E, BLOCK 116, TRACT 24A PROPERTY GEOCODES: 06-0799-06-4-25-01-0000 06-0799-06-4-25-05-0000 COUNTY TAX ID: RGH3923 RGH1412 2. APPLICANT INFORMATION DEVELOPER/Property Owner Name: Business: Phone: Email: Lucian Hand Light Conversion USA, Inc. 866-658-5404 lucian@lightcon-usa.com PART 1 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
1137
4 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF Representative Name: Business: Phone: Email: Chad Schreiner Sanbell (406)922-4303 cschreiner@sanbell.com 3. COMPANY PROFILE NEW OR EXISTING BUSINESS: Light Conversion USA LOCATION: 619 North Church Ave, Suite 3, Bozeman, MT 59715 YEAR BUSINESS ESTABLISHED: 2019 TYPE OF BUSINESS: Commercial B@B sales and service of lasers and related products BUSINESS PLAN: $30 million in annual revenue, plus leasable space with Altos Photonics as a primary tenant, additional ground floor tenants are to be determined 4. PROJECT DETAILS PROPERTY STATUS: Commercial and Residential Property TYPE OF TIF ASSISTANCE SOUGHT: Requesting assistance for public infrastructure costs VALUE OF TIF ASSISTANCE SOUGHT: $543,201.97 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
1238
5 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF WILL THIS PROJECT PROCEED WITHOUT TIF ASSISTANCE? Yes Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
1339
6 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 5. SIGNATURES This application must be signed by both the applicant(s) and the property owner(s) (if different). I (we), by signature below, certify that the information supplied in this application is, to the best of my (our) knowledge, true, accurate, and complete, and is provided for the purpose of obtaining approval to participate in the Northeast Neighborhood Urban Renewal District TIF assistance program. I (we) understand that failure to comply with the terms of the TIF assistance program may result in revocation of an award. I (we) understand the work to be undertaken must be in accordance with all applicable requirements of the Bozeman Municipal Code and any special conditions established by the approval authority and must receive all required approvals prior to commencing the work. I (we) understand if approved for TIF assistance, the work to be performed must also be in accordance with TIF assistance program procedures and the general design guidelines for the District, as well as the specific plans approved for the project. I (we) acknowledge that the City has an Impact Fee Program and impact fees may be assessed for my project. Further, I (we) agree to grant City personnel and other review agency representative’s access to the subject site during the course of the review process (Section 38.34.050, BMC). Applicant (s) (Print Name) Signature of Applicant Date Property Owner(s) (Print Name) Signature of Property Owner Date Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
10/6/2025
Chris Naumann
10/6/2025
Lucian Hand
1440
7 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF PROJECT NARRATIVE 1. PROPOSED USES Headquarters for Light Conversion-USA, Inc as a subsidiary of Light Conversion UAB
(headquartered in Lithuania), plus headquarters for Altos P hotonics, a related
entity. Light Conversion is a leading manufacturer of ultr a-short pulse laser
systems used in scientific and precision manufacturing applicat ions including
medical devices, neuroscience, aerospace, and automotive. Housed here will be
sales offices, logistics and administration, technical service (laser repair and
testing), as well as training for staff and customers. In th e future we hope to add a
laser applications laboratory. 2. PROJECT TIMELINE Below is a general timeline for the project noting milestones ac complished to date
and target dates for future milestones.
• 4/2024 Property Acquisition • 7/2024 Informal (INF) Application Submittal • 10/2024 First Site Plan (SP) Application Submittal • 12/2024 Second Site Plan Submittal • 3/2025 Site Plan Approval • 6/2025 Building Permit Submittal • 10/2025 Building Permit Approval (target date) • 4/2026 Construction Begins (target date) • 4/2027 Occupancy (target date) 3. CONSTRUCTION INFORMATION The proposed development consists of a single, multi-use buildin g incorporating
manufacturing space, office space, and a potential coffee shop. The structure will
be approximately 14,160 GSF and is three stories tall, r eaching a height of
approximately 40 feet.
Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
1541
8 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF The building’s exterior will feature exposed concrete, accent steel, black rib panel,
and wood stone siding. There are multiple access points includin g a lower patio
area. 4. PUBLIC BENEFITS – TIF ASSISTANCE CRITERIA 1. Infrastructure Improvements
The proposed alley will provide access to the proposed development, the rear of two existing residential lots, and connect North Rous e Avenue to North Church
Avenue. This will improve access for emergency services and provide flexibility for future development in the area. 2. Multimodal Transportation The addition of new boulevards and sidewalks will improve multimodal transportation along the street frontage of the proposed development. These improvements will integrate with the existing boulevards and sidewalks that are along North Rouse Avenue and East Tamarack Stree t, both in functionality
and character. The proposed public improvements will improve pedestrian connectivity to and from the Streamline bus stop on T amarack. 3. Public Utilities
The proposed 4-inch dedicated fire line will provide the fire department with direct access to emergency water sources, enhancing response capabilities and improving overall public safety. 4. Mix of Uses
Located within a developing mixed-use area in Bozeman, the proposed development will add a variety of uses to the neighborhood. The surrounding area contains municipal, commercial, industrial, and residential uses. The proposed development will provide light manufacturing, storage, sales, and a small restaurant space on a high traffic street corner. This aligns with the dynamic nature of the surrounding area. Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
1642
9 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 5. Community Housing Not applicable 6. District Character
The architectural style of the proposed building is a clean, modern look that
reflects the character of other developments in the ar ea. Nearby projects,
including the Bozeman Safety Center with its promine nt, structured form, and
the Wildlands development with its distinct exterior finishes, help establish a clear district character. The proposed building will complement the surrounding character while providing both an appeali ng and functional
space. 7. Sustainability
The proposed development has photovoltaic panels located on the upper roof of the building. These panels will provide a source of sustainable energy and reduce the carbon footprint of the development. 8. Open Space
The site design activates the street corner by introd ucing boulevards, planting beds, and trees. New walkways and a rooftop patio provide functional, well-
designed outdoor spaces, collectively improving the qu ality and character of the surrounding area. 9. Landscaping
The landscape design includes perennials, grasses, shrubs, and trees throughout the site to enhance the overall user expe rience. Plants were
selected for their drought tolerance as well as their capacity to provide diverse
textures, colors, and forms, strengthening the visua l character of the design.
The proposed boulevards will improve snow storage ca pacity along Tamarack. 10. Public Private Partnerships
Photonics is a high-priority sector in the Bozeman Eco nomic Development
Plan. Bozeman contains approximately 0.3% of the US photonic industry supplying over 1,000 jobs to the area at or above a living wage. With public
Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
1743
10 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF support for the development of new facilities, this industry can continue to
thrive and be an economic asset to the community. DISTRICT GOALS ADHEREANCE POINTS Ensure the health, safety, and security of the District 1. Infrastructure Improvement The project will repair, replace, or improve outdated or insufficient infrastructure /6 2. Multimodal Transportation The project incorporates infrastructure that facilitates safe, efficient, and convenient access of the district for all modes of transportation /4 3. Public Utilities The project will incorporate public utilities in a way so that they are not visually or physically obtrusive /2 Balance Commerce and Livability within the Mixed-Use Framework 4. Mix of Uses The project incorporates mixed use development that promotes livability /4 Honor the Unique Character and Vitality of the District 5. Character The physical design, materials, and massing of the project reflects the community’s values of durability, flexibility, and simplicity, and vitality to the neighborhood. /2 6. Sustainability The project’s design and construction practices incorporate environmentally sustainable strategies and elements /2 Public Open Space is Essential to a Healthy and Appealing U rban Environment 7. Open Space The project designates new land for parks and open space /4 8. Landscaping The project improves landscaping in existing public spaces /2 The Costs of Projects and Programs shall be Weighed Against t heir Benefits of the
District 9. Return on Investments The investment of public funds in the project results in a leverage ratio of at least 10:1 for residential projects; 8:1 for commercial projects; and/or 5:1 for living wage jobs /4 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
1844
11 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF The City shall not Limit its Vision for the District Impro vements to Monies
Available Solely through the TIF Funding 10. This project involves and/or will encourage public-private partnerships that will add value to the District and its investments /4 Projects shall Consider Impacts on Adjacent Neighborhoods 11. The project is complimentary to adjacent neighborhoods, not just Northeast /2 Total Points /42 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
1945
12 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF MAPS - EXHIBITS - PLANS 1. SITE PHOTOS Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
2046
13 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 2. VICINITY MAP SITE N ROUSE AVE N 7th AVE W MENDENHALL ST N 5th AVE Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
2147
14 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 3. SITE PLANS Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
2248
15 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 4. FLOOR PLANS Lower Level Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
2349
16 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF Main Floor Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
2450
17 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF FLOOR 2 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
2551
18 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF FLOOR 3 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
2652
19 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 5. BUILDING ELEVATIONS Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
2753
20 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
2854
21 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
2955
22 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 6. PARKING ACCOMMODATIONS The proposed development includes 19 onsite parking spaces to meet code
requirements. 7. ESTIMATED DATE OF OCCUPANCY The project is expected to be completed in April 2027. 8. OFF-SITE INFRASTRUCTURE IMPROVEMENTS The off-site infrastructure improvements include a new 4-inch fi re service that will
connect to the existing 8-inch water main in East Tamarack St reet. The existing
sidewalk along East Tamarack Street bordering the project site as well as the
property to the east will be fully reconstructed with new sidew alk and drive
approaches to provide a boulevard where one currently does not exist.
The alley to the east of the project site will also be improved from the eastern
property boundary to the connection with North Church Av enue right-of-way. The
alley was previously platted but not constructed. The alley will be paved within the
project boundary but will be improved with a gravel surfa ce from the eastern
property boundary to North Church Avenue. North Church A venue is also currently a
gravel surface. The utility companies will also be moving thei r respective utilities to
help make the alley and North Church Avenue functional. Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
3056
23 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF DEVELOPMENT REVIEW COMMENTS INF/CONR application was submitted on July 26, 2024, an d City completed their
review on August 26, 2024.
Site Plan application was submitted on October 4, 2024. Al l review comments were
addressed, and the Site Plan was deemed adequate by the Communi ty Development
Department on May 16, 2025. Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
3157
24 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF PROJECT FINANCIAL INFORMATION 1. SOURCES AND USES OF FUNDS Funding to be provided by parent company (Light Conversion-USA), with an intra-company loan at approximately 6% APR. 2. CONSTRUCTION BUDGET The final construction budget has not been developed at this point. The estimated
total cost of construction is $9.2 million.
See attached bidding results from Jackson Contractor Group. 3. BUDGET OF TIF ELIGIBLE EXPENSES Demolition of Existing Structures $ 200,000.00 Sidewalk, curb, gutter, and alley $ 143,000.00 CILWR $ 4,285.00 Water and Sewer Services $ 25,000.00 Parking Lot $ 100,000.00 Impact Fees $ 70,916.97 Total TIF Requested $ 543,201.97 4. FINANCIAL COMMITMENTS Funding to be provided by parent company (Light Conversion-USA), with an intra-company loan at approximately 6% APR. PART 2 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
3258
100% CD Bidding ResultsLight Conversion-USA7/3/2025100% CD GMP SubcontractorAlternate #1: Change Aluminum Framed Folding Doors to Storefront With Double Doors Alternate #2: Delete Material Lift (EL-2) From Project Scope Alternate #3: Delete Rooftop Patio Area, Including Paver System, Nana Wall, Columns, Sunshade, Power & Lighting Alternate #4: Modify Basement Walkout Patio Area Alternate #5: Structure Demo by OwnerAlternate #6: Add Acoustical Pan Decking Total with approved alternatesGMP Executive Summary NotesBid ItemDivision 01GENERAL REQUIREMENTS266,223$ 1.01AFINAL CLEAN14,277$ $1/SF for final clean, includes windowsDivision 02-$ 2.02AABATEMENT49,319$ Safetech(11,179.00)$ Division 03-$ 1.03ACAST-IN-PLACE CONCRETE & SITE RETAINING WALLS407,638.00$ Allied Concrete(10,440.00)$ 1.03BCONCRETE FLAT WORK (SOG & SOMD)100,928.80$ Allied Concrete1.03CCONCRETE POLISHING AND STAINING101,850.00$ Central MT CoatingsDivision 05-$ 1.05ASTRUCTURAL STEEL SUPPLY308,955.00$ MSI(2,000.00)$ 70,745.00$ 1.05BSTRUCTURAL STEEL INSTALL121,314.00$ BT (1,200.00)$ 41,600.00$ 1.05CARCHITECTURAL/ORNAMENTAL STEEL & RAILINGS187,730.00$ Johnson Metalworks(3,750.00)$ Division 06-$ 1.06AROUGH CARPENTRY SUPPLY ONLY370,286.08$ BT 1.06BROUGH CARPENTRY INSTALL ONLY270,600.00$ BT 1,110.00$ (200.00)$ 1.06CSIPS PANEL SUPPLY & INSTALL40,943.33$ BT 1.06DFINISH CARPENTRY SUPPLY AND INSTALL30,240.00$ Silver city1.06ECABINET SUPPLY AND INSTALL35,186.00$ Silver CityDivision 07-$ 1.07AFOUNDATION & SPLIT SLAB WATERPROOFING50,020.00$ Montana Basement Solutions1.07BTHERMAL AND ACOUSTIC INSULATION66,302.00$ Gallatin Insulation1.07CAIR/WATER BARRIER & EXTERIOR INSULATION157,392.72$ Jackson1.07DEXTERIOR WOOD SIDING59,620.40$ Jackson1.07EEXTERIOR METAL SIDING385,771.00$ Secor Construction(510.00)$ 1.07FTPO ROOFING AND ROOF PAVER SYSTEM220,091.00$ Summit Roofing Inc.(33,275.00)$ 1.07GBELOW SLAB WATERPROOFING63,745.00$ Montana Basement SolutionsDivision 08-$ 1.08AOVERHEAD DOORS8,856.50$ Kaufmans OH Door1.08BDOORS, FRAMES, AND HARDWARE SUPPLY & INSTALL108,277.05$ Jackson1.08CINT./EXT. STOREFRONT, NANA WALLS, AND INTERIOR GLAZING266,668.00$ TC Glass - Bozeman(26,129.00)$ (26,517.00)$ 1.08DWOOD WINDOWS - SUPPLY & INSTALL82,254.11$ Jackson1.08EELEVATOR DOOR SMOKE CONTAINMENT SYSTEM35,154.00$ Interior TechDivision 09-$ 1.09AGYPSUM BOARD ASSEMBLIES178,295.00$ Timberwolf1.09BTILE FLOORING INCL WALL TILE52,425.00$ Harrington Floors1.09CPAINTING & STAINING118,755.00$ AP PaintDivision 10-$ 1.10ASPECIALTIES SUPPLY AND INSTALL61,019.96$ Jackson1.10BROOF AWNING SUPPLY AND INSTALL-$ See allowance below, specified manufacturer unwilling to provide based on project scaleDivision 12-$ 1.12ACOUNTERTOPS7,554.00$ Silver CityDivision 14-$ 1.14APASSENGER ELEVATOR170,000.00$ Otis1.14BMATERIAL LIFT (VRC)135,227.00$ Gallatin Valley Elevator(135,227.00)$ Division 21-$ 1.21AFIRE SUPPRESSION SYSTEM134,250.00$ Western States Fire ProctectionDivision 22-$ 1.22APLUMBING COMPLETE468,960.00$ Tri-County Mechanical and ElectricalDivision 23-$ 1.23AMECHANICAL COMPLETE373,779.00$ Tri-County Mechanical and ElectricalDivision 26-$ 1.26AELECTRICAL & FIRE ALARM COMPLETE480,101.00$ SES(3,000.00)$ (13,000.00)$ Division 31-$ 2.31ASITE DEMOLITION, EARTHWORK INCL ROW & UTILITIES662,314.00$ Central Excavation(7,500.00)$ Division 32-$ 1.32AEXTERIOR IMPROVEMENTS (SIGNS, BIKE RACKS, ETC.)17,102.40$ Jackson1.32BLANDSCAPING, IRRIGATION & SITE PAVERS84,325.60$ Smooth Stone Services2.32CASPHALT PAVING, PATCHING & STRIPING57,396.00$ Central Excavation2.32DEXTERIOR C&G & FLATWORK - INCL ROW142,938.00$ Central ExcavationAllowances-$ Winter Conditions40,000.00$ Special Inspect. And Testing21,500.00$ TBD with Bechtle, Excluding Blower Door TestingUtility Service & RelocationBy OwnerTemporary Utilities8,400.00$ Dewatering15,000.00$ Roof Awning Supply and Install17,500.00$ (17,500)$ ERRCS System107,000.00$ VRF System Equipment Change75,000.00$ Access Control SystemBy OwnerLow Voltage Cabling, Devices, and EquipmentBy OwnerSubtotal :7,238,484$ (26,129)$ (138,227)$ (92,382)$ (14,900)$ (18,679)$ 112,345$ -$ Fees/ContingengyBuilding Permit By OwnerBuilders Risk Insurance52,000.00$ Design Contingency-$ Construction Contingency 3%277,023.23$ (784)$ (4,147)$ (2,771)$ (447)$ (560)$ 3,370$ General Conditions - Construction Manager924,086.00$ General Liablity Insurance 0.85%78,489.91$ (222)$ (1,175)$ (785)$ (127)$ (159)$ 955$ Procore 0.191%17,637.15$ (50)$ (264)$ (176)$ (28)$ (36)$ 215$ -$ Contractor Fee 7%646,387.53$ (1,829)$ (9,676)$ (6,467)$ (1,043)$ (1,308)$ 7,864$ Total:9,234,108$ (29,014)$ (153,489)$ (102,582)$ (16,545)$ (20,741)$ 124,749$ ALTERNATESDocusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D33359
Light Conversion-USA Improvements TIF Assistance Request - 2025 - Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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1 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF TABLE OF CONTENTS PROJECT SUMMARY ................................................................................................................ 2 PART 1 .........................................................................................................................................3 GENERAL INFORMATION ....................................................................................................... 3 1. PROPERTY INFORMATION ................................................................................................... 3 2. APPLICATION INFORMATION .............................................................................................. 3 3. COMPANY PROFILE ................................................................................................................ 4 4. PROJECT DETAILS .................................................................................................................. 4 5. SIGNATURES ............................................................................................................................ 5 PROJECT NARRATIVE .............................................................................................................. 6 1. PROPOSED USES .................................................................................................................... 6 2. PROJECT TIMELINE ............................................................................................................... 6 3. CONSTRUCTION INFORMATION ........................................................................................ 6 4. PUBLIC BENEFITS – TIFF ASSISTANCE CRITERIA ...................................................... 7 MAPS – EXHIBITS – PLANS ................................................................................................... 10 1. SITE PHOTOS ........................................................................................................................... 10 2. VICINITY MAP .......................................................................................................................... 11 3. SITE PLANS .............................................................................................................................. 12 4. FLOOR PLANS .......................................................................................................................... 13 5. BUILDING ELEVATIONS ........................................................................................................ 17 6. PARKING ACCOMODATIONS ............................................................................................... 20 7. ESTIMATE DATE OF OCCUPANCY ..................................................................................... 20 8. OFFSITE INFRASTRUCTURE IMPROVEMENTS .............................................................. 20 9. CONCEPT REVIEW COMMENTS ......................................................................................... 21 PART 2 ........................................................................................................................................31 PROJECT FINANCIAL INFORMATION ................................................................................. 31 1. SOURCES AND USE OF FUNDS ......................................................................................... 31 2. DEVELOPMENT BUDGET ...................................................................................................... 32 3. BUDGET OF TIF ELIGIBLE EXPENSES ............................................................................. 39 4. FINANCIAL COMMITMENTS ................................................................................................ 42 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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2 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF PROJECT SUMMARY The existing site is situated on the northeast corner of Rouse Av enue and Tamarack
Street. It includes two parcels and currently features a commercial building, two residential buildings (one house and one garage), a parkin g lot, turf grass, trees
and planting beds. Existing underground utilities include n atural gas, electrical,
water, sewer, and communication lines. According to the geotechni cal report, the
soil lithology comprises 4.5 to 6.4 feet of undocumented fil l overlying a thin layer of
alluvial clay or clayey sand. Beneath this, medium-dense to very dense alluvial fan
gravels and sands extend beyond the maximum drilled depth of 26 feet below the
existing ground surface. These subsurface conditions are well-suit ed to support the
structural loads of the proposed basement and elevator infrastr ucture.
The proposed development consists of a single, multi-use buildin g incorporating
manufacturing space, office space, and a potential coffee shop. The structure will
be approximately 14,160 GSF and is three stories tall, r eaching a height of
approximately 40 feet. The building is situated along th e corner of Rouse Avenue
and Tamarack Street. The building’s exterior will feature exp osed concrete, accent
steel, black rib panel, and wood stone siding. The architectur al design and material
palette are intended to compliment the surrounding built envi ronment, including
the Bozeman Public Safety Center.
There are multiple access points into the building for pedestrian s: four main level
and one basement doorways. Vehicular access lies on the northwest a nd southeast
sides of the building. The southeast entry gives you direct access to the parking lot
off Tamarack Street. Sufficient on-site parking will be pro vided to the north and
east of the proposed building. There are proposed storm chambers underneath the
parking lot. The northwest access is the entrance for a proposed 16-foot-wide
alleyway and gives direct access to Rouse Avenue. This alleyway will serve the
surrounding area for both emergency and public access.
The site layout is designed to support the building’s intend ed uses while
maintaining clear access and circulation. Infrastructure impr ovements, including
new access points, internal drive lanes, and an alleyway, ar e planned to enhance the
site and provide easy access. These elements are intended to ensure th e site
functions efficiently within the area. Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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3 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF GENERAL INFORMATION 1. PROPERTY INFORMATION PROPERTY ADDRESSES: 411 East Tamarack, Bozeman MT 59715 PROPERTY OWNER: Light Conversion USA, Inc LEGAL DESCRIPTIONS: S06, T02 S, R06 E, BLOCK 116, TRACT 24A PROPERTY GEOCODES: 06-0799-06-4-25-01-0000 06-0799-06-4-25-05-0000 COUNTY TAX ID: RGH3923 RGH1412 2. APPLICANT INFORMATION DEVELOPER/Property Owner Name: Business: Phone: Email: Lucian Hand Light Conversion USA, Inc. 866-658-5404 lucian@lightcon-usa.com PART 1 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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4 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF Representative Name: Business: Phone: Email: Chad Schreiner Sanbell (406)922-4303 cschreiner@sanbell.com 3. COMPANY PROFILE NEW OR EXISTING BUSINESS: Light Conversion USA LOCATION: 619 North Church Ave, Suite 3, Bozeman, MT 59715 YEAR BUSINESS ESTABLISHED: 2019 TYPE OF BUSINESS: Commercial B@B sales and service of lasers and related products BUSINESS PLAN: $30 million in annual revenue, plus leasable space with Altos Photonics as a primary tenant, additional ground floor tenants are to be determined 4. PROJECT DETAILS PROPERTY STATUS: Commercial and Residential Property TYPE OF TIF ASSISTANCE SOUGHT: Requesting assistance for public infrastructure costs VALUE OF TIF ASSISTANCE SOUGHT: $543,201.97 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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5 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF WILL THIS PROJECT PROCEED WITHOUT TIF ASSISTANCE? Yes Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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6 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 5. SIGNATURES This application must be signed by both the applicant(s) and the property owner(s) (if different). I (we), by signature below, certify that the information supplied in this application is, to the best of my (our) knowledge, true, accurate, and complete, and is provided for the purpose of obtaining approval to participate in the Northeast Neighborhood Urban Renewal District TIF assistance program. I (we) understand that failure to comply with the terms of the TIF assistance program may result in revocation of an award. I (we) understand the work to be undertaken must be in accordance with all applicable requirements of the Bozeman Municipal Code and any special conditions established by the approval authority and must receive all required approvals prior to commencing the work. I (we) understand if approved for TIF assistance, the work to be performed must also be in accordance with TIF assistance program procedures and the general design guidelines for the District, as well as the specific plans approved for the project. I (we) acknowledge that the City has an Impact Fee Program and impact fees may be assessed for my project. Further, I (we) agree to grant City personnel and other review agency representative’s access to the subject site during the course of the review process (Section 38.34.050, BMC). Applicant (s) (Print Name) Signature of Applicant Date Property Owner(s) (Print Name) Signature of Property Owner Date Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
10/6/2025
Chris Naumann
10/6/2025
Lucian Hand
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7 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF PROJECT NARRATIVE 1. PROPOSED USES Headquarters for Light Conversion-USA, Inc as a subsidiary of Light Conversion UAB
(headquartered in Lithuania), plus headquarters for Altos P hotonics, a related
entity. Light Conversion is a leading manufacturer of ultr a-short pulse laser
systems used in scientific and precision manufacturing applicat ions including
medical devices, neuroscience, aerospace, and automotive. Housed here will be
sales offices, logistics and administration, technical service (laser repair and
testing), as well as training for staff and customers. In th e future we hope to add a
laser applications laboratory. 2. PROJECT TIMELINE Below is a general timeline for the project noting milestones ac complished to date
and target dates for future milestones.
• 4/2024 Property Acquisition • 7/2024 Informal (INF) Application Submittal • 10/2024 First Site Plan (SP) Application Submittal • 12/2024 Second Site Plan Submittal • 3/2025 Site Plan Approval • 6/2025 Building Permit Submittal • 10/2025 Building Permit Approval (target date) • 4/2026 Construction Begins (target date) • 4/2027 Occupancy (target date) 3. CONSTRUCTION INFORMATION The proposed development consists of a single, multi-use buildin g incorporating
manufacturing space, office space, and a potential coffee shop. The structure will
be approximately 14,160 GSF and is three stories tall, r eaching a height of
approximately 40 feet.
Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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8 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF The building’s exterior will feature exposed concrete, accent steel, black rib panel,
and wood stone siding. There are multiple access points includin g a lower patio
area. 4. PUBLIC BENEFITS – TIF ASSISTANCE CRITERIA 1. Infrastructure Improvements
The proposed alley will provide access to the proposed development, the rear of two existing residential lots, and connect North Rous e Avenue to North Church
Avenue. This will improve access for emergency services and provide flexibility for future development in the area. 2. Multimodal Transportation The addition of new boulevards and sidewalks will improve multimodal transportation along the street frontage of the proposed development. These improvements will integrate with the existing boulevards and sidewalks that are along North Rouse Avenue and East Tamarack Stree t, both in functionality
and character. The proposed public improvements will improve pedestrian connectivity to and from the Streamline bus stop on T amarack. 3. Public Utilities
The proposed 4-inch dedicated fire line will provide the fire department with direct access to emergency water sources, enhancing response capabilities and improving overall public safety. 4. Mix of Uses
Located within a developing mixed-use area in Bozeman, the proposed development will add a variety of uses to the neighborhood. The surrounding area contains municipal, commercial, industrial, and residential uses. The proposed development will provide light manufacturing, storage, sales, and a small restaurant space on a high traffic street corner. This aligns with the dynamic nature of the surrounding area. Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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9 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 5. Community Housing Not applicable 6. District Character
The architectural style of the proposed building is a clean, modern look that
reflects the character of other developments in the ar ea. Nearby projects,
including the Bozeman Safety Center with its promine nt, structured form, and
the Wildlands development with its distinct exterior finishes, help establish a clear district character. The proposed building will complement the surrounding character while providing both an appeali ng and functional
space. 7. Sustainability
The proposed development has photovoltaic panels located on the upper roof of the building. These panels will provide a source of sustainable energy and reduce the carbon footprint of the development. 8. Open Space
The site design activates the street corner by introd ucing boulevards, planting beds, and trees. New walkways and a rooftop patio provide functional, well-
designed outdoor spaces, collectively improving the qu ality and character of the surrounding area. 9. Landscaping
The landscape design includes perennials, grasses, shrubs, and trees throughout the site to enhance the overall user expe rience. Plants were
selected for their drought tolerance as well as their capacity to provide diverse
textures, colors, and forms, strengthening the visua l character of the design.
The proposed boulevards will improve snow storage ca pacity along Tamarack. 10. Public Private Partnerships
Photonics is a high-priority sector in the Bozeman Eco nomic Development
Plan. Bozeman contains approximately 0.3% of the US photonic industry supplying over 1,000 jobs to the area at or above a living wage. With public
Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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10 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF support for the development of new facilities, this industry can continue to
thrive and be an economic asset to the community. DISTRICT GOALS ADHEREANCE POINTS Ensure the health, safety, and security of the District 1. Infrastructure Improvement The project will repair, replace, or improve outdated or insufficient infrastructure /6 2. Multimodal Transportation The project incorporates infrastructure that facilitates safe, efficient, and convenient access of the district for all modes of transportation /4 3. Public Utilities The project will incorporate public utilities in a way so that they are not visually or physically obtrusive /2 Balance Commerce and Livability within the Mixed-Use Framework 4. Mix of Uses The project incorporates mixed use development that promotes livability /4 Honor the Unique Character and Vitality of the District 5. Character The physical design, materials, and massing of the project reflects the community’s values of durability, flexibility, and simplicity, and vitality to the neighborhood. /2 6. Sustainability The project’s design and construction practices incorporate environmentally sustainable strategies and elements /2 Public Open Space is Essential to a Healthy and Appealing U rban Environment 7. Open Space The project designates new land for parks and open space /4 8. Landscaping The project improves landscaping in existing public spaces /2 The Costs of Projects and Programs shall be Weighed Against t heir Benefits of the
District 9. Return on Investments The investment of public funds in the project results in a leverage ratio of at least 10:1 for residential projects; 8:1 for commercial projects; and/or 5:1 for living wage jobs /4 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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11 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF The City shall not Limit its Vision for the District Impro vements to Monies
Available Solely through the TIF Funding 10. This project involves and/or will encourage public-private partnerships that will add value to the District and its investments /4 Projects shall Consider Impacts on Adjacent Neighborhoods 11. The project is complimentary to adjacent neighborhoods, not just Northeast /2 Total Points /42 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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12 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF MAPS - EXHIBITS - PLANS 1. SITE PHOTOS Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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13 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 2. VICINITY MAP SITE N ROUSE AVE N 7th AVE W MENDENHALL ST N 5th AVE Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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14 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 3. SITE PLANS Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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15 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 4. FLOOR PLANS Lower Level Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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16 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF Main Floor Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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17 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF FLOOR 2 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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18 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF FLOOR 3 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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19 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 5. BUILDING ELEVATIONS Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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20 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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21 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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22 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF 6. PARKING ACCOMMODATIONS The proposed development includes 19 onsite parking spaces to meet code
requirements. 7. ESTIMATED DATE OF OCCUPANCY The project is expected to be completed in April 2027. 8. OFF-SITE INFRASTRUCTURE IMPROVEMENTS The off-site infrastructure improvements include a new 4-inch fi re service that will
connect to the existing 8-inch water main in East Tamarack St reet. The existing
sidewalk along East Tamarack Street bordering the project site as well as the
property to the east will be fully reconstructed with new sidew alk and drive
approaches to provide a boulevard where one currently does not exist.
The alley to the east of the project site will also be improved from the eastern
property boundary to the connection with North Church Av enue right-of-way. The
alley was previously platted but not constructed. The alley will be paved within the
project boundary but will be improved with a gravel surfa ce from the eastern
property boundary to North Church Avenue. North Church A venue is also currently a
gravel surface. The utility companies will also be moving thei r respective utilities to
help make the alley and North Church Avenue functional. Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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23 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF DEVELOPMENT REVIEW COMMENTS INF/CONR application was submitted on July 26, 2024, an d City completed their
review on August 26, 2024.
Site Plan application was submitted on October 4, 2024. Al l review comments were
addressed, and the Site Plan was deemed adequate by the Communi ty Development
Department on May 16, 2025. Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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24 LIGHT CONVERSION USA BOZEMAN NORTHEAST URBAN RENEWAL TIF PROJECT FINANCIAL INFORMATION 1. SOURCES AND USES OF FUNDS Funding to be provided by parent company (Light Conversion-USA), with an intra-company loan at approximately 6% APR. 2. CONSTRUCTION BUDGET The final construction budget has not been developed at this point. The estimated
total cost of construction is $9.2 million.
See attached bidding results from Jackson Contractor Group. 3. BUDGET OF TIF ELIGIBLE EXPENSES Demolition of Existing Structures $ 200,000.00 Sidewalk, curb, gutter, and alley $ 143,000.00 CILWR $ 4,285.00 Water and Sewer Services $ 25,000.00 Parking Lot $ 100,000.00 Impact Fees $ 70,916.97 Total TIF Requested $ 543,201.97 4. FINANCIAL COMMITMENTS Funding to be provided by parent company (Light Conversion-USA), with an intra-company loan at approximately 6% APR. PART 2 Docusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D3
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100% CD Bidding ResultsLight Conversion-USA7/3/2025100% CD GMP SubcontractorAlternate #1: Change Aluminum Framed Folding Doors to Storefront With Double Doors Alternate #2: Delete Material Lift (EL-2) From Project Scope Alternate #3: Delete Rooftop Patio Area, Including Paver System, Nana Wall, Columns, Sunshade, Power & Lighting Alternate #4: Modify Basement Walkout Patio Area Alternate #5: Structure Demo by OwnerAlternate #6: Add Acoustical Pan Decking Total with approved alternatesGMP Executive Summary NotesBid ItemDivision 01GENERAL REQUIREMENTS266,223$ 1.01AFINAL CLEAN14,277$ $1/SF for final clean, includes windowsDivision 02-$ 2.02AABATEMENT49,319$ Safetech(11,179.00)$ Division 03-$ 1.03ACAST-IN-PLACE CONCRETE & SITE RETAINING WALLS407,638.00$ Allied Concrete(10,440.00)$ 1.03BCONCRETE FLAT WORK (SOG & SOMD)100,928.80$ Allied Concrete1.03CCONCRETE POLISHING AND STAINING101,850.00$ Central MT CoatingsDivision 05-$ 1.05ASTRUCTURAL STEEL SUPPLY308,955.00$ MSI(2,000.00)$ 70,745.00$ 1.05BSTRUCTURAL STEEL INSTALL121,314.00$ BT (1,200.00)$ 41,600.00$ 1.05CARCHITECTURAL/ORNAMENTAL STEEL & RAILINGS187,730.00$ Johnson Metalworks(3,750.00)$ Division 06-$ 1.06AROUGH CARPENTRY SUPPLY ONLY370,286.08$ BT 1.06BROUGH CARPENTRY INSTALL ONLY270,600.00$ BT 1,110.00$ (200.00)$ 1.06CSIPS PANEL SUPPLY & INSTALL40,943.33$ BT 1.06DFINISH CARPENTRY SUPPLY AND INSTALL30,240.00$ Silver city1.06ECABINET SUPPLY AND INSTALL35,186.00$ Silver CityDivision 07-$ 1.07AFOUNDATION & SPLIT SLAB WATERPROOFING50,020.00$ Montana Basement Solutions1.07BTHERMAL AND ACOUSTIC INSULATION66,302.00$ Gallatin Insulation1.07CAIR/WATER BARRIER & EXTERIOR INSULATION157,392.72$ Jackson1.07DEXTERIOR WOOD SIDING59,620.40$ Jackson1.07EEXTERIOR METAL SIDING385,771.00$ Secor Construction(510.00)$ 1.07FTPO ROOFING AND ROOF PAVER SYSTEM220,091.00$ Summit Roofing Inc.(33,275.00)$ 1.07GBELOW SLAB WATERPROOFING63,745.00$ Montana Basement SolutionsDivision 08-$ 1.08AOVERHEAD DOORS8,856.50$ Kaufmans OH Door1.08BDOORS, FRAMES, AND HARDWARE SUPPLY & INSTALL108,277.05$ Jackson1.08CINT./EXT. STOREFRONT, NANA WALLS, AND INTERIOR GLAZING266,668.00$ TC Glass - Bozeman(26,129.00)$ (26,517.00)$ 1.08DWOOD WINDOWS - SUPPLY & INSTALL82,254.11$ Jackson1.08EELEVATOR DOOR SMOKE CONTAINMENT SYSTEM35,154.00$ Interior TechDivision 09-$ 1.09AGYPSUM BOARD ASSEMBLIES178,295.00$ Timberwolf1.09BTILE FLOORING INCL WALL TILE52,425.00$ Harrington Floors1.09CPAINTING & STAINING118,755.00$ AP PaintDivision 10-$ 1.10ASPECIALTIES SUPPLY AND INSTALL61,019.96$ Jackson1.10BROOF AWNING SUPPLY AND INSTALL-$ See allowance below, specified manufacturer unwilling to provide based on project scaleDivision 12-$ 1.12ACOUNTERTOPS7,554.00$ Silver CityDivision 14-$ 1.14APASSENGER ELEVATOR170,000.00$ Otis1.14BMATERIAL LIFT (VRC)135,227.00$ Gallatin Valley Elevator(135,227.00)$ Division 21-$ 1.21AFIRE SUPPRESSION SYSTEM134,250.00$ Western States Fire ProctectionDivision 22-$ 1.22APLUMBING COMPLETE468,960.00$ Tri-County Mechanical and ElectricalDivision 23-$ 1.23AMECHANICAL COMPLETE373,779.00$ Tri-County Mechanical and ElectricalDivision 26-$ 1.26AELECTRICAL & FIRE ALARM COMPLETE480,101.00$ SES(3,000.00)$ (13,000.00)$ Division 31-$ 2.31ASITE DEMOLITION, EARTHWORK INCL ROW & UTILITIES662,314.00$ Central Excavation(7,500.00)$ Division 32-$ 1.32AEXTERIOR IMPROVEMENTS (SIGNS, BIKE RACKS, ETC.)17,102.40$ Jackson1.32BLANDSCAPING, IRRIGATION & SITE PAVERS84,325.60$ Smooth Stone Services2.32CASPHALT PAVING, PATCHING & STRIPING57,396.00$ Central Excavation2.32DEXTERIOR C&G & FLATWORK - INCL ROW142,938.00$ Central ExcavationAllowances-$ Winter Conditions40,000.00$ Special Inspect. And Testing21,500.00$ TBD with Bechtle, Excluding Blower Door TestingUtility Service & RelocationBy OwnerTemporary Utilities8,400.00$ Dewatering15,000.00$ Roof Awning Supply and Install17,500.00$ (17,500)$ ERRCS System107,000.00$ VRF System Equipment Change75,000.00$ Access Control SystemBy OwnerLow Voltage Cabling, Devices, and EquipmentBy OwnerSubtotal :7,238,484$ (26,129)$ (138,227)$ (92,382)$ (14,900)$ (18,679)$ 112,345$ -$ Fees/ContingengyBuilding Permit By OwnerBuilders Risk Insurance52,000.00$ Design Contingency-$ Construction Contingency 3%277,023.23$ (784)$ (4,147)$ (2,771)$ (447)$ (560)$ 3,370$ General Conditions - Construction Manager924,086.00$ General Liablity Insurance 0.85%78,489.91$ (222)$ (1,175)$ (785)$ (127)$ (159)$ 955$ Procore 0.191%17,637.15$ (50)$ (264)$ (176)$ (28)$ (36)$ 215$ -$ Contractor Fee 7%646,387.53$ (1,829)$ (9,676)$ (6,467)$ (1,043)$ (1,308)$ 7,864$ Total:9,234,108$ (29,014)$ (153,489)$ (102,582)$ (16,545)$ (20,741)$ 124,749$ ALTERNATESDocusign Envelope ID: 6DAEC05A-9469-44EF-BC21-1EC3D26945D33359