HomeMy WebLinkAboutFY27 - Urban Renewal Action Plan - Downtown Urban RenewalDowntown Urban Renewal District
FY2027 Work Plan and Budget
Downtown URD Mission Statement
The Downtown Bozeman Urban Renewal District board (URD) will foster an economically thriving
district that: 1) attracts investment; 2) stabilizes and strengthens the tax base; and 3) supports the
vitality and diversity of the Gallatin Valley as its social and cultural center.
The Urban Renewal Plan (originally adopted in 1995 and amended in 2015) guides the implementation of
projects and initiatives through nine guiding principles that focus on economic vitality, safety,
accessibility, diversity, and cultural activities.
FY2027 Programs, Projects, and Initiatives
The Downtown URD anticipates an FY26 year-end balance of just over $11 million, with projected
FY27 revenues of just under $3 million, totaling just under $14 million of funding available. The
following outlines notable programs, projects, and associated expenses for FY27.
Ongoing DBP/City of Bozeman Operational Support:
•Downtown Bozeman Partnership (DBP) Management Fee (FY27 - $270,600)
Continued operations and support for DBP staff and programming.
•City of Bozeman Economic Development Staff Support (FY27 - $71,000) Continued
partnership funding to support City staff time dedicated to downtown URD coordination.
Ongoing Programs & Projects in FY27:
•Downtown Park Improvements (FY27- $50,000) Continued Infrastructure improvements
at Soroptimist, I-Ho Peace and North Black Pocket Parks
•Wayfinding and Parking Signage (FY27 - $10,000) Continued infrastructure and
signage implementation, possibly supported by state grant funds.
•Bozeman Creek Infrastructure Improvements (FY27 - $10,000) Planning and
implementation support for current city efforts to vision and deign plans.
•Alternative Transportation Improvements (FY27 - $50,000) Confirmed support for Black
and Bozeman Ave. curb extensions. Continued traffic calming and pedestrian updates to
city thoroughfares.
•Street Furniture/Streetscape Improvements (FY27 - $50,000) Continuation of current
program and extending into new developments in district
•Intersection Cable Repairs (FY27 - $10,000) Upkeep and repairs to rooftop cable system.
•Streetlamp Power Reconfiguration Project (SILD) (FY27 - $50,000) Planning, public noticing of
new district, in preparation of 2032 DURD sunset.
Current Encumbered Projects and Programs:
•Workforce Housing Project – Fire Station One (Encumbered - $1,600,000) Multi-year
support for 50 units of workforce housing; funds encumbered through FY27. If unused by Oct.
2027, funds will go back into available funds in DURD budget.
•Residential Incentive Grant Program (FY27 - $100,000) $50K encumbered for grant approval on
current development to be reimbursed upon completion. $100K allowable for FY27 projects.
DURD Grant Programs:
•DURD Infrastructure Grant (FY27 - $1,500,000) - Streetscape, Fiber and Fire Safety Grants
have been combined into “DURD Infrastructure Grant” and combined with available funding
for “Utility Infrastructure Improvements”
•Art Enhancement/CPTED Grant Program (FY27 - $40,000) Popular Grant, expand program
to support public art and safety enhancements including lighting, surveillance, and
landscape improvements.
•Technical Assistance Grant Program (FY27 - $75,000) Grant program providing expertise
and early-phase planning for redevelopment projects. To be “DURD Planning Grant” in FY27
as part of a full Grant program review.
Planning & Design in FY27:
•Park Improvement Planning (FY27 - $50,000) Begin planning for redevelopment of
Soroptimist Park, in coordination with visions for #See Bozeman Creek.
•Infrastructure Improvement Planning (FY27 - $50,000) Internal infrastucture
improvement planning for DURD projects.
•Wayfinding Plan Development (FY27 - $20,000) Long overdue downtown project, to do in
coordination with City, Parks and Community Development. Planning in FY27 and
improvements in FY28.
•DBIP General Implementation (FY27 - $200,000) Broad funding to support
Downtown Improvement Plan-related needs. Combined planning projects in
FY26 to allow flexible funding to respond to projects as they arise. i.e.
transportation planning, streetscape engineering, lighting expansion planning
•Professional Services Term Contract (FY27 - $50,000) Continued funding for on-call
planning, engineering, and design services.
•Downtown Infrastructure and Public Realm Plan (FY27 - $100,000) Critical planning
document for establishing public infrastructure needs and an implantation process in
preparation for the 2032 DURD sunset.
Parking Investments:
•Parking Supply, Management Planning & Data Collection (FY27 - $5,000,000) Major
allocation to fund a future Public-Private Partnership (PPP) to expand parking supply. 8M by
FY28.
•Garage Bond Payment (FY27 - $335,001) Scheduled annual bond payment for existing
downtown parking garage, through 2032.
FY2027 Downtown URD Budget Overview:
Estimated Income: $13,965,199
Total Estimated, Allocated and Encumbered Expenses: $9,691,601
Estimated Year-End Balance: $4,273,598
Prepared and submitted by:
Ellie Staley, Executive Director
Downtown Bozeman
Partnership
ellie@downtownbozeman.org
| 406-586-4008
Downtown Urban Renewal District Board - FY27/28 BUDGET
Category FY27 BUDGET FY28 BUDGET
Income
Starting Cash Balance $11,026,699 $4,273,598
Income from TIF
COB Interlocal Share $2,699,900 $2,759,200
Entitlement Share State of Montana $72,400 $72,400
Interest Income $166,200 $37,700
Other Income Total Income $13,965,199 $7,142,898
ExpensesOperationsDBP Management Fee $270,600 $292,250City Administrative Costs/Support $71,000 $75,000Total Operations $341,600 $367,250
Infrastructure Improvements
Park Improvements $50,000 $250,000
Infrastructure/Utility Grants $1,500,000 $2,000,000
Wayfinding & Parking Signage $10,000 $50,000Bozeman Creek Improvements $10,000 $100,000Alternative Transportation Projects $50,000 $10,000
Street Furniture/Streetscape Improvements $50,000 $50,000Intersection Cable Anchor Repairs $10,000 $10,000Streetlamp Power Reconfiguration Project (SILD)$50,000 $20,000
Art Enhancement/CPTED Grant Program $40,000 $40,000
Housing Assistance
Residential Incentive Grant Program $100,000 $100,000
Workforce Housing Project - Fire Station One (ENC)$1,600,000
Total Improvements $3,470,000 $2,630,000
Planning
Park Improvement Planning (Soroptimist/NBPP)$50,000
Utility Infrastructure Improvement Planning $50,000 $20,000Wayfinding Plan Development $20,000Bozeman Creek Planning $20,000Alternative & Multi-Mobile Transportation Planning $20,000
DBIP General Implementation Planning $200,000 $100,000Professional Services Term Contract $50,000 $50,000Downtown Infrastructure & Public Realm Plan $100,000 $20,000
Technical Assistance Grant Program $75,000 $75,000
Parking - Designated Funds
Parking Supply, Management Planning & Data Collection $5,000,000 $3,000,000
Total Planning/Parking $5,545,000 $3,305,000
Parking Structure
Garage Bond Payment $335,001 $335,001
Total Parking Garage Payments $335,001 $335,001
Total Expenses $9,691,601 $6,637,251
Balance $4,273,598 $505,647
DURD FY27-28 Budget