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Home My WebLink About02-17-26 - Downtown Urban Renewal District 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 Agenda G. Public Comments on Non-agenda Items Falling within the Purview and Jurisdiction of the Board THE DOWNTOWN AREA URBAN RENEWAL DISTRICT BOARD OF BOZEMAN, MONTANA DURD AGENDA Tuesday, February 17, 2026 General information about the Downtown Area Urban Renewal 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. At the direction of the City Commission, anonymous public comments are not distributed to 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 City on cable channel 190. For more information please contact Ellie Staley, ellie@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 +1 346 248 7799 Access code: 956 1935 4304 This is the time to comment on any non-agenda matter falling within the scope of the Downtown Urban Renewal 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. 1 H. Special Presentation I. Action Items J. FYI/Discussion J.1 2025 City Advisory Board Ethics Training (Staley) J.2 Monthly Finance Report and DRAFT FY27 Budget.(Staley) J.3 Executive Director's February 2026 Report (Staley) K. Adjournment 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. Listen to and participate in the 2025 advisory board ethics training. For more information please contact Ellie Staley, Downtown Bozeman Partnership, ellie@downtownbozeman.org This board generally meets the 3rd Tuesday of the month from 12:00 to 1:30pm 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. 2 Memorandum REPORT TO:Downtown Area Urban Renewal District Board FROM:Ellie Staley, Downtown Bozeman Partnership SUBJECT:2025 City Advisory Board Ethics Training MEETING DATE:February 17, 2026 AGENDA ITEM TYPE:Administration RECOMMENDATION:Listen to and participate in the 2025 advisory board ethics training. STRATEGIC PLAN:7.1 Values-Driven Culture: Promote a values-driven organizational culture that reinforces ethical behavior, exercises transparency and maintains the communityâ€™s trust. BACKGROUND:The City Charter was approved by the citizens in 2006 and became effective in 2008. According to Charter requirements, the City will establish standards and guidelines for conduct and provide annual training for all representatives of the City to avoid the use of their public position for private benefit. UNRESOLVED ISSUES:None. ALTERNATIVES:None. FISCAL EFFECTS:None. Attachments: DURD Board 1_26.pdf Report compiled on: February 9, 2026 3 Downtown URD Board Members 2026: • Jake Van Dusen, Board Chairperson - Term End 06/30/2027 • Tony Renslow, Board Vice-Chair - Term End 06/30/2028 • Sky Cook - Term End 06/30/2026 • Amy Horton- Term End 06/30/2026 • John How - Term End 06/30/2026 • Marley McKenna - Term End 06/30/2028 • Nicholas Wickes - Term End 06/30/2028 • Mayor Joey Morrison - Bozeman City Commission, Board Liaison https://downtownbozeman.org/about-us/urban-renewal-district-urd 4 Memorandum REPORT TO:Downtown Area Urban Renewal District Board FROM:Ellie Staley, Downtown Bozeman Partnership SUBJECT:Monthly Finance Report and DRAFT FY27 Budget. MEETING DATE:February 17, 2026 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:Ellie will present the monthly finance report and first draft of the FY27 Budget, to be presented to the City Commission for approval on May 12, 2026. UNRESOLVED ISSUES:None. ALTERNATIVES:None. FISCAL EFFECTS:As presented. Attachments: URD Finance Report 2-26.pdf DTN URD Budget FY2027-28 DRAFT.pdf Report compiled on: February 9, 2026 5 DURD - February 2026 Finance Report Category FY26 Budget FY26 YTD Recent ActivityIncomeStarting Cash Balance $7,255,328 $7,255,328 ** not finalized Income from TIF COB Interlocal Share $2,598,800 Entitlement Share State of Montana $57,100 Interest Income $2,100 Other Income Total Income $9,913,328 $7,255,328 ExpensesOperationsDBP Management Fee $251,000 $250,500City Administrative Costs/Support $64,300Total Operations $315,300 $250,500 Infrastructure Improvements Park Improvements (Soroptimist/NBPP)$250,000 $5,265 $2000 panel design Utility Infrastructure Improvements $1,000,000 $423,910 Wayfinding & Parking Signage $20,000Bozeman Creek Improvements $50,000 $9,998Alternative Transportation Projects $10,000 Tree Replacement Project (Streetscape Imp. in FY24)$10,000 $11,550 $11,550 greenspace Street Furniture/Streetscape Improvements & Furniture $100,000 $22,538 $703 sunshineIntersection Cable Anchor Repairs $10,000 Pedlet Infrastructure $10,000 $6,545 Streetscape Assistance Grant Program $100,000 Life-Safety Grant Program $60,000Fiber-Broadband Infrastructure Grants $10,000Art Enhancement/CPTED Grant Program $40,000 $10,000Total Infrastructure $1,670,000 Housing AssistanceResidential Incentive Grant Program $400,000 $50,000Workforce Housing Project - Fire Station One $1,600,000 Total Housing $2,000,000 $539,806 Planning Park Improvement Planning (Soroptimist/NBPP)$10,000 $12,448Utility Infrastructure Improvement Planning $50,000 $1,150Wayfinding Plan Development $10,000 Bozeman Creek Planning $50,000 $9,000 Alternative Transportation Planning $25,000 Side-Streetscape Preliminary Engineering $50,000 Parklet Planning/Program $20,000 DBIP General Implementation $50,000 $12,898Professional Services Term Contract $75,000 $3,229Technical Assistance Grant Program $70,000 $7,500 Parking - Designated Funds Parking Supply, Management Planning, and Data Collection $5,000,000 $49,032 $23,160 Latta Consultants Total Planning/Parking $5,410,000 $95,257 Parking StructureGarage Bond Payment $335,000Total Parking Garage Payments $335,000 $0 Total Expenses $9,730,300 $885,563 Balance $183,028 $6,369,765 6 Downtown Urban Renewal District Board - FY27/28 DRAFT Category FY26 AMEND Budget YTD FY26 FY26 Projections FY27 DRAFT Income Starting Cash Balance $7,255,328 $7,459,669 $7,459,669 $8,938,326Income from TIF COB Interlocal Share $2,598,800 $3,515,506 $3,515,506 Entitlement Share State of Montana $57,100Interest Income $2,100 Other Income Total Income $9,913,328 $10,975,175 $10,975,175 $8,938,326 ExpensesOperationsDBP Management Fee $251,000 $250,500 $251,000 $270,600City Administrative Costs/Support $64,300 $64,300 $69,500Total Operations $315,300 $250,500 $315,300 $340,100 Infrastructure Improvements Tree Replacement Project (Streetscape Imp. in FY24)$250,000 $5,265 $40,000Utility Infrastructure Improvements $1,000,000 $423,910 $1,000,000 $1,000,000 Wayfinding & Parking Signage $20,000 $10,000 Bozeman Creek Improvements $50,000 $9,998 $9,998 $10,000Alternative Transportation Projects $10,000 $50,000 Tree Replacement Project (Streetscape Imp. in FY24)$10,000 $11,550 $11,550 Street Furniture/Streetscape Improvements $100,000 $22,538 $25,000 $100,000 Intersection Cable Anchor Repairs $10,000 $10,000 $10,000Pedlet Infrastructure $10,000 $6,545 $5,000Streetlamp Power Reconfiguration Project (SILD)$0 $0 $25,000Streetscape Assistance Grant Program $100,000 Life-Safety Grant Program $60,000Fiber-Broadband Infrastructure Grants $10,000Art Enhancement/CPTED Grant Program $40,000 $10,000 $20,000 $40,000 Housing Assistance Residential Incentive Grant Program $400,000 $50,000 $50,000 $100,000Workforce Housing Project - Fire Station One $1,600,000 $1,600,000 Total Improvements $3,670,000 $539,806 $1,171,548 $2,945,000 Planning Park Improvement Planning (Soroptimist/NBPP)$10,000 $12,448Alley Planning $0Utility Infrastructure Improvement Planning $50,000 $1,150 $10,000Wayfinding Plan Development $10,000 $10,000 $20,000 Bozeman Creek Planning $50,000 $9,000 $10,000Alternative Transportation Planning $25,000 $5,000 Downtown Streetscape Design Standards $0Side-Streetscape Preliminary Engineering $50,000 Pedlet Planning/Program $20,000 $5,000 DBIP General Implementation Planning $50,000 $12,989 $20,000 $100,000 Professional Services Term Contract $75,000 $3,229 $20,000 $50,000Code Amendments $0Downtown Infrastructure & Public Realm Plan $0 Technical Assistance Grant Program $70,000 $7,500 $50,000 $75,000 Parking - Designated Funds Parking Supply, Management Planning, and Data Collection $5,000,000 $49,032 $85,000 $5,000,000 Parking Supply, Site Plans and Data Collection Parking Supply - Designated Funds Total Planning/Parking $5,410,000 $95,348 $215,000 $5,245,000 Parking Structure Garage Bond Payment $335,001 $335,001 $335,001 $335,001 Total Parking Garage Payments $335,001 $335,001 $335,001 $335,001 Total Expenses $9,730,301 $1,220,655 $2,036,849 $8,865,101 Balance $183,027 $9,754,520 $8,938,326 $73,225 DURD FY27-28 DRAFT Budget 7 Memorandum REPORT TO:Downtown Area Urban Renewal District Board FROM:Ellie Staley, Executive Director Downtown Bozeman Partnership SUBJECT:Executive Director's February 2026 Report MEETING DATE:February 17, 2026 AGENDA ITEM TYPE:Plan/Report/Study RECOMMENDATION:Discuss STRATEGIC PLAN:7.3 Best Practices, Creativity & Foresight: Utilize best practices, innovative approaches, and constantly anticipate new directions and changes relevant to the governance of the City. Be also adaptable and flexible with an outward focus on the customer and an external understanding of the issues as others may see them. BACKGROUND:Ellie will present the monthly report of general program updates and updates to topics relating to downtown. Board will discuss relevant matters. UNRESOLVED ISSUES:None ALTERNATIVES:None FISCAL EFFECTS:None. Attachments: Downtown Tracking Sheet-Bus. Q1_2026.pdf Downtown Tracking Sheet-Dev. Q1_2026.pdf DBP Monthly ED Report 2-26 DURD.pdf Report compiled on: February 11, 2026 8 DOWNTOWN BUSINESS TRACKING Q1 2026 JAN-MARCH NEW DBA MEMBERS BUSINESS ADDRESS DATE OF MEMBERSHIP UBAIM LLC 675 I-15 Frontage Rd in Great Falls 2-Jan Luxe Society 36 W Main 27-Jan NEW BUSINESSES BUSINESS ADDRESS DATE OF OPENING Stockman Western Goods (near Stockman's Bar)33 E Main 2025 Bridger Peaks Counseling 520 E Babcock 2025 Rug Decor 448 E Main January Pulphead 201 S Wallace B1B 27-Jan Tres Toros (formerly Shredmonk)121 W Main #B Late-Jan Moka 122 E Main 1-Feb Luxe Society 36 W Main Late Feb/March Buen Provecho (formely Tarintinos)321 E Main STE 1F TBA Tarantinos (formerly Vino per Tutti)315 E Main TBA Crazy Mountain Outdoor Company US Bank TBA 2+ Years CLOSED BUSINESS BUSINESS ADDRESS DATE OF CLOSURE Allegra 39 S Tracy 1-Jan Blush 23 S Tracy Ave #2 1-Jan VACANT LOCATIONS BUSINESS ADDRESS DATE OF CLOSURE Teton Gravity Research 9 E Main 2025 Inner Alchemy 16 S Tracy #8 2025 Blush 23 S Tracy Ave #2 2025 9 DOWNTOWN DEVELOPMENT TRACKING Q1 2026Jan. - March CURRENT PROJECTS ADDRESS STATUS PROPERTY TYPE UNIT TYPE(S) NOTES (design professional, stories, etc) GRANT REIMBURSE MENTS DURD Funding $ Cooper Black (Dtn Antiques)122 E Main St Nearly Complete Mixed 2 commercial, 3 residential Walkway recently removed N/A Abby Hetherington Interiors 33 S Tracy In Progress Retail/ Commercial 1 GL, 1 UG Langlas & Graphic Haus, 2 stories Streetscape, Façade, Utility, Fire- Safety grant approved and work completed $33,000 funds confirmed for fire-line safety work completed by CKMay East Main Trading Co.702 East Main Nearly Completoffice space 1-2 individual offices spaces 112 E Main - Old US Bank Location 112 E Main St In Progress, April 2027 tentative completion Mixed 7-9, 4 stories Walkway now erected Residential, streetscape 108 W Babcock 108 W Babcock Plans submitted/stre etscape deviation requested Mixed Pearson Design Group, 4 stories, proposed office/residential Hotel Project 302 E Mendenhall 2026/2027 Hotel Mendenhall Flats 240 E Mendenhall Plans submitted Mixed Commercial, Office, 15 two and three bedroom condos Intrinsik, break ground in 2025 Klare Building 234 E Babcock In progress Commercial FUTURE PROJECTS ADDRESS STATUS PROPERTY TYPE UNIT TYPE(S) NOTES (design professional, stories, etc) GRANT REIMBURSE MENTS DURD Funding $ Fire Station One 30 N Rouse N/A Mixed 50 units at 120% AMI 1.6M Workforce Housing Agreement - expires Oct-2027 Block B (Salvation Army)32 S Rouse 2025/26 Hotel/Hilton Co. 191 keys, 6 stories, 137 UG parking spaces Block A 503-519 E Babcock Delayed Mixed 44 units, 7 stories 75 parking spaces, high-end Empire Site 606 E Main N/A Hotel Ag Depot 620-714 E Mendenhall N/A Mixed Downtowner Building S Willson to W Main N/A Mixed Roof, brick and suppression BG Mill 714 E Mendenhall N/A 18 condos, 5 stories The Baxter 105 W Main Fall 2027 completion Hotel/Restaur ant 32 rooms, fitness/wellness Intrinsik, Envi, Langlas NOT IN DURD Hampton Inn 507 W Main In Progress Hotel + retail 113 rooms, 3 retail, 4 stories *not in DURD Sanderson Stewart Hotel Bozeman and Residences 1 W Lamme St In Progress Hotel/ Marriott 120 guest rooms, 29- two-bedroom, 5-3- 6 stories, Autograph Collection. *not in SMA Architecture Depot on Church 112 S Church In planning office, retail, 12 residential 6 stories 10 Downtown Bozeman Partnership – ED Report February 2026 Downtown Updates: • FY27 budget season is underway. BID and DURD budgets will be reviewed at March and April Board meetings and considered for approval by the City Commission on May 12. DBP annual budgets and work plans will be reviewed through late April and overseen by the Partnership Advisory Committee. • The Downtown Bozeman Partnership has initiated an organizational refresh, retaining the DTNBZN logo while introducing updated colors and visual identity, a redesigned website, and improved content management systems. These updates will be implemented across all DBP collateral to create a more consistent, modern, and user-friendly experience. • I am serving on Montana State University’s Strategic Planning Committee as MSU develops a new university-wide strategic plan. Community input is strongly encouraged. o A Bozeman community listening session will be held Wednesday, February 18, from 6–7 p.m. in the MSU Strand Union Building (Ballroom D). o Learn more, share input, and stay updated at: https://www.montana.edu/strategicplan. City/County Updates: • City Commission Meeting - Tuesday, February 24 at 6pm in City Hall, agenda link HERE. • Downtown URD Meeting – Tuesday, February 17 at 12pm at City Hall • BID Board Meeting – Wednesday, February 18 at 12pm at City Hall • Notable Engage Bozeman projects/updates: o The City Commission approved a Professional Services Agreement with PORT Architecture and Urbanism, LLC on January 27th, 2026 to provide consultant services to assist in the development of the Bozeman Creek Vision Plan. Learn More. Ellie and Emily will work closely with #seebozemancreek and PORT through this process. o The City of Bozeman has launched a new podcast, the “Bozeman Beat,” to talk about important topics happening in the community and meet residents in a different format. Mayor Joey Morrison will host the first two seasons of the podcast, and the podcast will be released monthly. Listen on streaming platforms. DBP/DURD Project Updates: • The Downtown URD has revamped the grants offered into one TIF Infrastructure Assistance Grant. See details HERE. • I-Ho Peace Park is slated to re-start work in early spring with a tentative completion in June 2026. The grand opening celebration is scheduled for Friday, August 14. • We have begun the process of renewing a downtown SILD (Special Improvement Lighting District). Preliminary boundaries have been developed and once we meet with the city finance to determine the public notice policies, we will have a timeline for adoption. Downtown Parking Update: • The DURD is funding a Parking Vision document outlining short- and long-term solutions identified by the former mayor’s original parking working group. o Goal: create a clear, shared roadmap for the City and Downtown Partnership that remains transparent to parking users. • Indigo West is conducting stakeholder interviews and third-party surveys with downtown boards, property owners, neighbors, and key users. o Initial insights will be compiled the week of Feb. 23, followed by a public survey open through March 16. 11 o A draft document will then be presented to the BID Board, DURD Board, original working group, and Transportation Board for input before finalization. • The City has launched new parking dashboards and will continue refining trend data to support decision- making. Feedback can be shared with Jon Henderson and parking department. • An RFP for a public-private partnership for downtown parking infrastructure, using $5 million in DURD funding, is in development. • Due to renewed discussion around the Federal Building site, the DURD Board has delayed public release of the RFP until late spring but will continue legal review and pursue a blight study to allow potential district expansion, ensuring readiness as opportunities develop. DBA Updates: • Music on Main 2026 Band Application is LIVE and available HERE. • Please reference the attached “2026 DBA & Community Event Calendar”. • Upcoming DBA Events: o Walk the Block Mondays – EVERY MONDAY, Meet at the Baxter at 1pm. Join us for this great way to get to know your neighbors! More info HERE. o Winter Crazy Days – Friday, February 20 – Sunday, February 22. o Full Online Event Calendar HERE. 12