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Home My WebLink About8-21-08 Minutes, NSURBN7URB htto://www.bozeman.net/commission/north seventh urban renewal board (nsurbl2.asox ~._ APPROVED Minutes from August 21, 2008 work session Voted on and approved during January 8, 2009 Board meeting held at the Stiff Building, upper conference room TO DO List: Everyone a) attend September 2 Commission meeting is when we have to present our actual budget; b) attend September 4 NSURB meeting, 6pm, Stiff Building In attendance: Keri Thorpe, Scott Hedglin, Susan Kozub, Susan Fraser Call to Order Keri called meeting to order TIF monies report - KThorpe Keri handed out copies of Anna Rosenberry's TIF report, showing North 7th actual balance is currently $93,316. Susan F to update work plan with this actual dollar figure. Susan F asked Keri what a Trip Exchange District is, something Commissioner Bryson had asked about during the August 11 meeting. Keri and Susan K explained and said yes, could be a possible income/selling point for our project. Work and Budget Plan required by August 26 Since the Commission approved $232,000 for NSURB at their August 11 meeting, the work and budget plan is the next requirement for NSURB. A vote was needed -not enough voting members in attendance so Susan F to send out an email to get the vote before sending the plan to the city clerk on August 26. Email votes received, all in agreement and voting yes, from Carl Solvie, Andrew Cetraro, Michelle Wolfe, Susan Kozub and Susan Fraser. Susan F forwarded work plan to Keri on Tuesday morning and she forwarded onto Stacy for posting to the Commission's September 2 agenda. The plan reads: Tax Increment Financing District Fund Expenditure Plan For the North Seventh Urban Renewal District In November 2006, the City of Bozeman designated a Tax Increment Redevelopment Area (TIF), underwhich incremental increases in taxes due to redevelopment are accumulated in a TIF fund. The stated goals and objectives of this Redevelopment Plan were as follows: MISSION VISION Page 1 of 5 N7URB http://www.bozeman.net/commission/north seventh urban renewal board (nsurb)2.aspx This Plan is the city's response to remedy the conditions of blight found in the August 2005 report through thoughtful redevelopment of the Corridor. The following Corridor Goals are taken from the Design and Connectivity Plan (DCP). An expanded description of the intent of each goal is found in the DCP Chapter 2. Corridor Goals A basic goal is to have an active and exciting corridor that is attractive with a distinct character. A strategy for achieving this goal is to improve the experience for the user by creating safe attractive walkways and streets and by providing buildings and landscaping that are of interest to users and passersby. Several key strategies should be followed: 1. Provide a distinct identity for the corridor 2. Develop the corridor as a focus for commercial and entertainment activities that serve residents and visitors alike 3. Strengthen the corridor as a neighborhood service center 4. Provide mixed use development 5. Clearly define gateways at key locations along the corridor 6. Improve auto, bicycle and pedestrian circulation along the corridor 7. Provide pedestrian connections to adjacent neighborhoods 8. Establish a wayfinding system 9. Guide new development along the corridor such that it improves the aesthetic experience 10. Coordinate public and private improvements 11. Strengthen connections between complementary uses 12. Provide flexible public space along the corridor GUIDING PRINCIPLES In addition to the specifically stated goals for the District the following Guiding Principles have been adopted to provide a basis for decision making over the life of the District. These principles should be applied to any development program or other activity that will affect the District: 1. Ensure the health safety and security of the District 2. Balance commerce and livability in the District within the mixed use framework 3. Public open space is essential to a healthy and appealing urban environment 4. The costs of projects and programs shall be weighed against their benefits to the District 5. Private property shall not be acquired for other private use through the eminent domain process in the implementation of any aspect of this plan 6. The City shall not limit its vision for the District improvements to monies available solely through the TIF funding 7. Projects shall consider impacts on adjacent neighborhoods 8. The city shall consider the impact on the District of all projects undertaken outside of the District Page 2 of 5 N7URB http://www.bozeman.net/commission/north seventh urban renewal board (nsurb)2.aspx Currently there is $93,316 in the TIF District special allocation fund. These monies, along with the $232,000 from the Big Box Funds approved by the City Commission on August 11, 2008, are hereby designated by the North Seventh Urban Renewal Board for the following enumerated projects considered Phase I of the renewal: $150,000 for Construction Costs, including the engineering plan fees for Phase I hest. 10% of project costs). This money is permissible use under state statute 7-15-4233 as "replanning of streets, roads, sidewalks, ways", and "conduct appraisals, title searches, surveys, studies and other preliminary plans and work necessary to prepare for the undertaking of urban renewal projects", "to study the closing, vacating, planning, or replanning of streets, roads, sidewalks, ways, or other places and to make recommendations with respect thereto". State Statute 7-15-4288 also applies: "costs incurred in connection with the redevelopment activities allowed under 7-15-4233". It complies with the City's stated redevelopment objectives as it would encourage redevelopment and infill within the city limits and that the Tax Increment Finance TIF District created by the designation would help facilitate such activity. Specifically, it helps to improve auto, bicycle and pedestrian circulation along the corridor. 2. $142,829 for actual work required to complete sidewalk, lighting and landscaping project @ $200/linear foot for Phase I. State statute 7-15-4288 as "the acquisition, construction, and improvement of infrastructure". It complies with the City's stated redevelopment activities by helping to improve auto, bicycle and pedestrian circulation along the corridor. 3. $10,829 to hire part-time staff to administer engineering RFP and right-of- way land acquisitions. This money is permissible use under state statute 7- 15-4288 for "administrative costs associated with the management of the urban renewal area". It complies with the City's stated redevelopment activities by helping to improve auto, bicycle and pedestrian circulation along the corridor. 4. $10,829 for Right-of--way land acquisition, if required; amend S.I.L.D. This money is permissible use under state statute 7-15-4233, "to negotiate for the acquisition of land". It complies with the City's stated redevelopment activities by helping to improve auto, bicycle and pedestrian circulation along the corridor. 5. $10,829 for Subsidy program to encourage voluntary compliance by property owners with life-safety regulations and assistance with facade and site improvements. This money is permissible use under state statute 7- 15-4233, "to prepare plans for carrying out a program of voluntary or compulsory repair and rehabilitation of buildings and improvements". It complies with the City's stated redevelopment activities by ensuring the health, safety and security of the District and helping to guild new development. Page 3 of 5 N'7URB http://www.bozeman.net/commission/north seventh urban renewal board (nsurbl2.aspx i 2009 North Seventh TIF Proposed Expenditure Plan Operating Budget Balance 08/20/08 93,316 Interest 1,000 Big Box Funds Total Revenue Available 94,316 Engineering plan, requires RFP Subsidy program2 Part time staff and other professional services Right-of--way land acquisitions Construction -Lights, Curb and Gutter, Sidewalk, Landscaping and Irrigation Other Expenditure Plan 93,316 1,000 232,0001 232,000 232,000 326,316 50,000 100,000 10,829 10,829 10,829 11,829 132,000 150,000 10,829 10,829 10,829 143,829 Total Expenditures Ending Balance 94,316 232,000 0 0 lone-time amount that won't be available for operations in future years; $100,000 Big Box Funds from Lowe's, estimated to be delivered January 31, 2009 2Commercial Rehabilitation Loan Program, copied from Missoula Renewal Agency 326,316 0 Page 4 of 5 N7URB http://www.bozeman.net/commission/north seventh urban renewal board (nsurb)2.aspx • Michelle to do quick presentation at September 2 commission meeting - no powerpoint show required. September 4 Board meeting agenda • Keri has invited Rob Bukvich, MDOT, for a meet and greet opportunity and to bring info on any plans MDT is working on for N 7th. • Keri has also invited Dustin Johnson to provide NSURB with an overview of the RFP process. • Susan Kozub working on a logo for NSURB and will present Note: need to invite Anna Rosenberry to a meeting to talk about setting up a SID and/or SILD, using TIF monies, etc. Adjournment - 6:41 pm Page 5 of 5