HomeMy WebLinkAboutDowntown Bozeman Improvement District Board Tax Increment Finance Work Plan and Budget
Downtown Business Improvement District
FY2010 BID Work Plan
BID Mission Statement
The BID is an organization of downtown property owners who through thoughtful, pro-active
collaboration and partnership with local government, business owners, residents and citizens strive to
create a shared vision and voice for the community of downtown Bozeman. The BID will commit
resources, identify, plan and act on short-term and long-term initiatives otherwise unavailable to
individual owners. The BID has a goal of ensuring the long-term preservation and vitality of the city’s
underlying economic, cultural, social and environmental assets and the BID will work together to keep
our downtown a safe, beautiful and vibrant place.
BID Assessment Programs
The following programs are funded by the special assessments collected from property
owners within the Business Improvement District. The BID assessment for FY2010 is
proposed at $114,000.00 which represents no increase from the FY2009 assessment.
Downtown Bozeman Partnership—The BID is a member of the Downtown Bozeman
Partnership. The BID contributes to the administration of the Downtown Partnership
office and Visitor’s Center located at 224 East Main Street.
Summer Flowers
The BID purchases, installs and
maintains (which includes watering 7
days a week) 150 hanging baskets of
Super-Petunias. These flower baskets
are hung throughout downtown from
June through September on the historic
lamp posts. The BID purchased a truck
and watering system to independently
water and maintain the flower baskets.
Holiday Lighting
The BID installs the following holiday
lighting downtown: 1) lighted garland
on each historic lamp post along Main
Street; 2) lights on the large conifer
trees in Soroptimist Park; 3) garland
wreaths at the Rouse, Church,
Wallace, and Grand intersections;
and 4) the infamous holiday “spider”
decoration above the downtown
intersections.
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Maintenance Program
In the past the BID has employed a
part-time maintenance person. This
year the BID hired a full-time
maintenance employee in addition to
a part-time maintenance employee
for the summer months. Primary
tasks performed by the BID
maintenance staff includes garbage
collection, flower watering, tree
watering, Soroptomist Park upkeep,
managing light pole banners,
maintenance of pedestrian benches,
graffiti removal, and snow removal.
Graffiti Removal Program
The BID’s comprehensive graffiti
removal project is entering its third
year of operation. This program has
removed 615 graffiti tags in the past
18 months. The BID maintenance
staff removes tags from public
property and works with property
owners to clean private buildings of
graffiti. The BID will continue to
actively remove new tags as quickly
as possible considering immediate
removal has proven to be the most
effective deterrent.
Downtown Improvement Plan
The BID is an active partner in the
formulation of the Downtown
Improvement Plan. The BID will be
integral to the adoption and
implementation of the Plan. The BID
has committed $10,000 to the
implementation of a high-priority
project identified by the Plan. The
City of Bozeman matched these BID
funds with money from the
Development Impact Fund.
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Downtown Business Improvement District FY2010 Budget
Approved Proposed
2009 Budget 2010 Budget
Income
BID Assessment 114,000$ 114,000$
Interest Income 1,500$ 750$
Flower Sponsorshihps 7,500$ 5,000$
Christmas Light Sponsorships 3,500$ 2,000$
Total Income 126,500$ 121,750$
Expenses
Management Fee 61,500$ 63,500$
Total Expenses 61,500$ 63,500$
Payroll Expenses
Maintenance Staff 21,000$ 21,800$
Taxes -$ 1,670$
Work Comp -$ 2,900$
Total Payroll Expenses 21,000$ 26,370$
Programs
Christmas Lights 2,000$ 1,500$
Christmas Light Spider Repair 1,000$ 3,000$
New Banners 3,000$ 2,000$
Flowers 13,250$ 14,500$
Flower Watering Contract 15,000$ -$
Marketing 2,500$ 2,500$
Maintenance Supplies 1,000$ 1,000$
Maintenance Garbage Bags 2,000$ 1,500$
Maintenance Graffiti Supplies 1,000$ 750$
Maintenance Mule (service/fuel)1,000$ 1,000$
Maintenance Truck (service/fuel)0 1,500$
Maintenance Truck Insurance 0 875$
Total Program Expenses 41,750$ 30,125$
Total BID Expenses 124,250$ 119,995$
Net Income 2,250$ 1,755$
FY2010 Budget approved by the BID Board on May 20, 2009
BID Assessment Budget 201.xls 7/16/2009179
Downtown Bozeman
Tax Increment Finance (TIF) Improvement District Board
2009 Annual Report
On November 6, 1995, the City Commission passed Ordinance No 1409 adopting the Urban Renewal
Plan for downtown Bozeman. The intent and purpose of the Urban Renewal Plan emphasizes:
1. Bozeman’s historical character as a “working” downtown shall be maintained.
2. Traffic movement and access shall be designed with the emphasis on the downtown as a
designation rather than improving the flow of through traffic.
3. The facilitation of private/public partnerships is encouraged in the implementation of the Plan.
4. Objectives shall be accomplished by incentives whenever possible.
5. Private property rights will be respected.
6. Administrative practices shall be conducted in a constructive manner which fosters cooperation.
The Urban Renewal Plan established nine “Guiding Principles” to provide direction for improving
Bozeman’s historic downtown. The Urban Renewal Study Committee considered the first three
principles more important than the next three with the last three the least important. However, the
Committee deemed all nine principles to be vital to achieving the vision for downtown. Key
implementation actions were identified for each principle (may apply to multiple principles, but are only
listed once below).
1. Strengthen downtown’s economic vitality
· Provide more, better managed parking; retain public offices and anchor businesses; facilitate
commercial development; eliminate unnecessary regulatory barriers to reinvestment; enable
high density housing; eliminate through truck traffic and restore Main Street as pedestrian-
friendly
2. Improve the safety, security and health of the district
· Improve traffic flow emphasizing downtown as a destination; improve public works; improve
night-time lighting; improve sidewalks; increase police presence; improve alley and parking lot
appearance and safety
3. The image of downtown shall be continuously improved
· Improve streetscape aesthetics and amenities; enhance appearance of and accessibility to
Bozeman Creek; improve trash removal
4. Downtown’s accessibility shall be improved
· Provide effective public transportation; better accommodate bicycles; reduce reliance on
private automobiles
5. “Community Partnership” is fundamental to downtown’s success
· Encourage growth of cultural activities; preserve historic character
6. Downtown’s diversity shall be facilitated
7. The cost of projects and programs shall be weighed against their benefits
8. Downtown shall become more user friendly
9. Cultural activities shall be nurtured and expanded downtown
TIF-IDB Mission Statement
The Downtown Bozeman Tax Increment Finance board (TIF) 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.
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Tax Increment Finance-Improvement District Board (TIF)
FY2009 Program Evaluation
Downtown Parking Garage $428,915 invested
The TIF Board continued to support the construction of the Parking Garage by making the first
bond payment of $416,225. Finally, the TIF purchased $12,690 of trash receptacles for the
facility that match those placed by the TIF throughout downtown. Chris Naumann, TIF
Executive Director, has continued to play an active role in the following components of the
parking garage project: facility signage design, facility opening logistics, and construction
completion.
Downtown Partnership Management Fee $73,000 invested
The TIF is a member of the Downtown Bozeman Partnership, LLC which serves as the
incorporated management agency for all of the downtown organizations. This management fee
pays for a portion of the operating costs of the Downtown Partnership office in addition to a
portion of the payroll costs of Chris Naumann, who serves as the Executive Director of the TIF.
Streetscape Element Purchases $26,610 invested
The TIF purchased additional streetscape elements to augment those already located in the
downtown district. This year’s purchases included: 6 pedestrian benches, 10 trash receptacles,
and 12 bicycle racks.
Downtown Parking Signage Project $40,000 invested
The TIF contributed to this Downtown Partnership project for the design, permitting, fabrication,
and installation of a comprehensive parking signage plan. The project will include wayfinding
signs directing people to the various public parking facilities. The project will also include
substantial signs identifying the surface lots. The branding developed has been incorporated in
the signs at Bridger Park.
Hawthorne School Improvement Plan $9,530 invested
The TIF Board funded the purchase of two SpeedSentry units. These units use radar
technology to display oncoming vehicle’s speed and incorporate a 25 mph speed limit signs.
These radar speed limit signs were identified as safety improvements by Hawthorne’s Safe
Routes to School Plan.
Streetscape and Park Maintenance $6075 invested
The TIF invested in powder coating the downtown bike racks as the original paint had failed and
the steel was beginning to corrode. The TIF also pays for the replacement of the street lamp
light bulbs. For several years the TIF has taken responsibility for the seasonal maintenance of
the landscaping, amenities, and irrigation system at Soroptomist Park. To date this work has
been coordinated with Greenspace Landscaping.
Side Street Streetscape Project $4,540 invested
The TIF Board completed the planning of the downtown side street streetscape design with
TD&H Engineering. The Project would implement pedestrian improvements along 31 block
faces in the downtown district. The proposed streetscape improvements included: new
patterned sidewalks and curbs; new historic street lamps, trash receptacles, pedestrian benches
and bike racks; plus the addition of dozens of trees.
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Tax Increment Finance-Improvement District Board (TIF)
FY2010 Work Plan
TIF Continuing Programs
Downtown Parking Garage $424,290 budgeted
The TIF will make the annual bond payment for the construction of Bridger Park, the downtown
parking garage.
Downtown Partnership Management Fee $74,000 budgeted
The TIF is a member of the Downtown Bozeman Partnership, LLC which serves as the
incorporated management agency for all of the downtown organizations. This management fee
pays for a portion of the operating costs of the downtown office at 224 East Main Street in
addition to a portion of the payroll costs of Chris Naumann, who serves as the Executive
Director of the TIF.
Downtown Improvement Plan Implementation $50,000 budgeted
The TIF board has allocated funds to be invested in a high-priority project identified by the
Downtown Improvement Plan. These funds could be used for further planning or design
projects or for implementation of a particular project.
Redevelopment Assistance Grant Program $50,000 budgeted
The TIF board is finalizing a program to support current or potential developers, owners, and
tenants with technical assistance during the preliminary phases of possible redevelopment
projects in the downtown tax increment district. This program is intended to encourage a higher
level of quality and design in the downtown environment.
The following services are eligible for Technical Assistance funds:
· Redevelopment feasibility studies
· Preliminary development review assistance
· Preliminary building condition assessment studies
· Renovation, restoration and/or reuse analysis
Streetscape Assistance Program $25,000 budgeted
This TIF program will provide property owners with partial reimbursement for the installation of
historic street lamps in accordance with the Downtown Streetscape Plan. The program is
designed to stimulate private investment, redevelopment of property and the improvement of
public areas in the downtown urban renewal district.
Streetscape Element Purchases $20,000 budgeted
The TIF will continue to supplement the existing streetscape inventory by purchasing additional
historic street lamps, trash receptacles, pedestrian benches, tree guards and bike racks.
Streetscape and Park Maintenance $10,000 budgeted
The TIF will continue to maintain the large number of streetscape elements in the downtown
district, all of which were originally purchased with TIF funds, including: historic street lamps,
pedestrian benches, trash receptacles, tree guards, and bicycle racks. Depending on the recent
adoption of Soroptomist Park as an official City of Bozeman park, the TIF will consider park
maintenance expenditure this fiscal year.
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Downtown Tax Increment District FY2010 Budget
Approved Proposed
Category FY2009 Budget FY2010 Budget
Income
Starting Cash Balance 537,870$ 357,771$
Income from TIF (estimated)552,891$ 692,075$
Entitlement Share State of Montana 34,620$ 34,620$
Interest Income (estimated)15,000$ 10,000$
Other Income (sold Library 12 benches)-$ -$
Total Income 1,140,381$ 1,094,466$
Expense
Operations
Management Fee and Admin.71,500$ 74,000$
Fee for tenant improvements
Total Operations 71,500$ 74,000$
Street Improvement
New Public Parking Signage/branding 40,000$ -$
Engineering for Streetscapes 10,000$ -$
Street Furniture and Park Maintenance 10,000$ 10,000$
Sidestreet Streetscape amenities 50,000$ -$
Streetscape--new purchases 37,000$ 20,000$
Streetscape Assistance Program 25,000$
Total Street Improvements 147,000$ 55,000$
Planning
Downtown Neighborhood Plan 40,000$ -$
Safe Routes to School-Hawthorne 53,975$ -$
Redevelopment Assistance Grants -$ 50,000$
DBIP Implementation Funds 50,000$
Total Planning 93,975$ 100,000$
Parking Structure
Garage Cash Contribution 230,000$ -$
Garage Bond Payment 425,790$ 424,287$
Garage trash receptacle purchase -$
Total Parking Garage Payments 655,790$ 424,287$
Total Expenses 968,265$ 653,287$
Non-Allocated Reserve -$ 250,000$
Year-End Balance 172,116$ 191,179$
7/16/2009 TIF Budget 2010 Approved.xls
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