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HomeMy WebLinkAboutProvisional adopt Ordinance 1861, Advisory Boards by Resolution1 Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Brit Fontenot, Economic Development Director SUBJECT: Provisional Adoption of Ordinance 1861 Amending Chapter 2, Article 5, Division 10 of the Bozeman Municipal Code Providing Authority for the Bozeman City Commission to Create Advisory Boards by Resolution for Urban Renewal, Tax Increment Financing, and other Districts as Authorized by Title 7, Chapter 15, Parts 42 and 43, MCA, and Providing for the Powers, Duties, Membership, Required Reports and Meetings of such Boards. MEETING DATE: May 20, 2013 AGENDA ITEM TYPE: Action RECOMMENDATION: Provisionally adopt Ordinance 1861 and direct staff to return on June 3, 2013 for the second reading of Ordinance 1861 on the June 3rd Consent agenda. If approved on second reading, Ordinance 1861 will be effective on July 3, 2013. MOTION AND VOTE: I move to provisionally adopt Ordinance 1861 and direct staff to return on June 3, 2013 for the second reading of Ordinance 1862 on the June 3rd Consent agenda. BACKGROUND: For a detailed history of the creation of the South Bozeman Technology District, please see the staff memo and attachments dated November 19, 2012. (ATTACHMENT 1). On November 19, 2012 the City Commission adopted Ordinance 1844 which became effective on December 19, 2012. (ATTACHMENT 2) Ordinance 1844 established the South Bozeman Technology District with a base year of 2012. (ATTACHMENT 3) Ordinance 1862 represents the next step in the creation of the South Bozeman Technology District. (ATTACHMENT 4) Overtime, the City Commission has created by ordinance several urban renewal, tax increment financing, and other districts and advisory boards to assist in the administration of those districts. The intent of this Ordinance is to first provide authority for the 400 2 Bozeman City Commission to create by resolution advisory boards for the implementation and administration of the city’s several urban renewal, tax increment financing, and other districts created pursuant to Title 7, Chapter 15, Parts 42 and 43, MCA and also to provide general rules applicable to a newly created district board. This Ordinance is not intended to supersede or repeal ordinances creating existing urban renewal district or tax increment financing district boards except as provided herein. The City Commission recognizes the Montana Legislature adopted Senate Bill 239, effective July 1, 2013, which consolidated several types of districts authorized to use tax increment financing including technology and industrial districts into what will be called “targeted economic development district[s].” Section 25 of Senate Bill 239 provides that existing technology and industrial districts, such as those created within the City of Bozeman, may continue to operate and issue bonds under the laws governing the districts and financial operations of those districts as those laws read on December 31, 2012. UNRESOLVED ISSUES: None identified at this time. ALTERNATIVES: As determined by the Commission. FISCAL EFFECTS: None identified at this time. Attachments: 1. November 19, 2012 Staff memo and attachments; 2. Ordinance 1844 (signed); 3. December 20, 2012 letter from the Montana Department of Revenue certifying the South Bozeman Technology District with a base year of 2012; and 4. Ordinance 1862. Report prepared on May 9, 2013 401 1 Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Brit Fontenot, Director of Economic Development SUBJECT: Final Adoption of Ordinance 1844 Creating the South Bozeman Technology District and authorizing the Use of Tax Increment Financing MEETING DATE: November 19, 2012 AGENDA ITEM TYPE: Consent Item RECOMMENDATION: By motion and vote, approve the second reading of Ordinance 1844 on the Commission’s Consent agenda, finally adopting Ordinance 1844 as presented by staff on November 5, 2012. Ordinance 1844 will be effective thirty days after approval on the second reading of the ordinance, December 19, 2012. BACKGROUND: On November 5, 2012, by a vote of 4 – 0, the Bozeman City Commission provisionally adopted Ordinance 1844 as presented, and directed staff to return to the Commission for the second reading of Ordinance of 1844 on the November 19, 2012 Consent agenda. Why a technology district? The desire to create the South Bozeman Technology District (the “District”) is an effort at addressing existing infrastructure deficiencies on property adjacent to Montana State University (“MSU”) and the Innovation Campus to achieve the goals set out in the City of Bozeman’s 2009 Economic Development Plan (“EDP”) and the South Bozeman Technology District Comprehensive Development Plan (“CDP”). Goals of the EDP are synchronized with those of the District’s CDP and the Innovation Campus in the context of the establishment of a technology district to enhance the local and regional economies through job creation and industry diversification. Creation and stewardship of a technology district is consistent with these priorities. Technology districts were authorized in the 2005 Montana legislature. Section 7-15-4295, MCA, states that the purpose of a technology district is the development of infrastructure to encourage the location and retention of technology infrastructure development projects in the state, and to address infrastructure deficiencies which are an impediment to development (emphasis added). 21402 2 Currently, the area of the proposed technology district lacks the infrastructure necessary to facilitate the development identified in the CDP; see p17 – 21. Ordinance 1844 includes a finding to this effect; see Section 1, 9 of Ordinance 1844. Since the adoption of the EDP in 2009, the City has prioritized support for the following high growth potential sectors including: • Photonics; • Bio-sciences; • Manufacturing; • High-tech; and • the outdoor industry. Most of the sectors identified above are also supported by the mission and vision of the District’s CDP and the Innovation Campus. MSU plays a significant role in the growth and development of Bozeman’s technology industry, and is the reason the Bozeman area is considered the technology center of the state. Additionally, MSU’s research innovation has led to the creation and growth of businesses in Bozeman and throughout the state, providing employment opportunities in industries such as agriculture, energy, construction, healthcare, technology, photonics, manufacturing and biosciences. Home to more than 100 technology-based firms, Bozeman has become the high-tech center of Montana; and it is one of the largest technology communities in the northern Rocky Mountains. Bozeman’s technology sector has grown significantly since the early 1990s. Bozeman’s technology sector includes firms engaged in advanced manufacturing and laser optics; information technology—application development, information technology services, software, internet applications, telecom, etc.; biotech or bioscience; and agricultural, environmental, or miscellaneous activities. These firms are, for the most part, selling their goods and services entirely to customers located outside of Montana and many located outside of the United States. It is estimated that these firms directly employ more than 3,000 people whose earnings are significantly higher than the county’s annual average wage. MSU has grown to become a regional leader in research and creative projects with nearly $100 million in research expenditures in Montana each year. MSU was recognized by Carnegie Foundation for the Advancement of Teaching as one of 96 research universities nationally with “very high research activity.” MSU has strong ties to industry in the Bozeman area, particularly in the life science, aerospace, and information technology sectors. MSU lists relationships with over 150 companies which include research support, licensing agreements, and consulting services. Additionally, the concentration of research activity at MSU has fueled the development of technology-based companies clustered in and around Bozeman and is a significant contributor to Bozeman’s vibrant entrepreneurial technology economy. University technology transfer and commercialization activities have been driving economic development nationwide since the early 1980’s when changes in federal legislation accelerated the process and increased incentives for collaboration between universities and industry. MSU is no exception. According to the MSU 22403 3 Technology Transfer Office, technology developed at MSU has resulted in the spin-off of 30 companies and licensing by 37 companies in the Bozeman area and nearly 300 companies statewide. The university holds 163 licenses for patents for innovations such as biological, chemical, and engineering processes and compounds, including coatings for the space shuttle and pharmaceutical drugs. Of those 163 licenses, 60% are with Montana companies, many located in Bozeman. Further development of the Innovation Campus will enhance these results. The strength of Bozeman’s technology economy has also translated into private companies receiving research and development and investment funding. During the 2000-2004 time period, Montana ranked 10th in the nation in the average annual number of federal Small Business Innovation Research (SBIR) awards made, with nearly half going to Bozeman companies. Ordinance 1844. On November 5, 2012, Ordinance 1844 was provisionally adopted by the City Commission by a vote of 4 – 0. Ordinance 1844 was provisionally adopted as presented. To create a technology district and authorize the use of tax increment financing, the Commission must conduct a public hearing and adopt an ordinance, Sect. 7-15-4295, MCA. Ordinance 1844 address the following: legislative findings (Section 1); creation (Section 2); requirements for tenants of the District (Section 3); annual report (Section 4); boundaries of the district (Section 5); authorizing the use of TIF (Section 6): term of the district (Section 7); costs which may be paid from the district with TIF funds (Section 8); and filing of the ordinance with the Montana Department of Revenue (Section 9). The City Attorney has reviewed the ordinance and finds it complies with the legal requirements for creation of a technology district and the use of TIF funds. What is a Tax Increment Financing District or TIF? Tax increment financing (“TIF”) is a state authorized, locally driven funding mechanism that allows cities and counties to direct property tax dollars that accrue from new development, within a specifically designated district, to community and economic development activities. In Montana, TIF districts are authorized in Montana Code Annotated (MCA) parts 7‐15‐4201 and 4301, et. Seq. Proposed TIF districts are typically characterized by blight and/or infrastructure deficiencies that have limited or prohibited new investment. A base year is established from which "incremental" increases in property values are measured. Virtually all of the resulting new property tax dollars (with the exception of the six mill state‐wide university levy) can be directed to redevelopment and economic revitalization activities within the area in which they are generated. Property owners located within a TIF district pay the same amount of property tax as they would if the property were located outside the district. Thus, TIF only affects the way that taxes, once collected, are distributed. Taxes that are derived from the base year’s taxable values continue to be distributed to the various taxing jurisdictions – local and state government entities and school districts. Taxes derived from the incremental increase in taxable value, however, are placed in a special fund for purposes set forth in establishing the TIF program. 23404 4 (For a more detailed explanation of TIFs in Montana see Tax Increment Financing in Montana: A Manual for Local Governments and Economic and Community Development Agencies, 2011, The Governor’s Office of Economic Development.) Currently, the City of Bozeman supports four TIF districts. Three are urban renewal districts (Downtown, Northeast and North 7th), and the fourth, Mandeville Farm, is an industrial TIF district. What can TIF Dollars Fund? Section 7-15-4288, MCA, identifies the costs that may be paid by tax increment financing: The tax increments may be used by the municipality to pay the following costs of or incurred in connection with an urban renewal project, industrial infrastructure development project, technology infrastructure development project, or aerospace transportation and technology infrastructure development project: (1) land acquisition; (2) demolition and removal of structures; (3) relocation of occupants; (4) the acquisition, construction, and improvement of infrastructure, industrial infrastructure, technology infrastructure, or aerospace transportation and technology infrastructure that includes streets, roads, curbs, gutters, sidewalks, pedestrian malls, alleys, parking lots and off-street parking facilities, sewers, sewer lines, sewage treatment facilities, storm sewers, waterlines, waterways, water treatment facilities, natural gas lines, electrical lines, telecommunications lines, rail lines, rail spurs, bridges, spaceports for reusable launch vehicles with associated runways and launch, recovery, fuel manufacturing, and cargo holding facilities, publicly owned buildings, and any public improvements authorized by Title 7, chapter 12, parts 41 through 45; Title 7, chapter 13, parts 42 and 43; and Title 7, chapter 14, part 47, and items of personal property to be used in connection with improvements for which the foregoing costs may be incurred; (5) costs incurred in connection with the redevelopment activities allowed under 7- 15-4233; (6) acquisition of infrastructure-deficient areas or portions of areas; (7) administrative costs associated with the management of the urban renewal area, industrial district, technology district, or aerospace transportation and technology district; (8) assemblage of land for development or redevelopment by private enterprise or public agencies, including sale, initial leasing, or retention by the municipality itself at its fair value; (9) the compilation and analysis of pertinent information required to adequately determine the needs of an urban renewal project in an urban renewal area, the infrastructure needs of secondary, value-adding industries in the industrial district, the needs of a technology infrastructure development project in the technology district, or the needs of an aerospace transportation and technology infrastructure development project in the aerospace transportation and technology district; (10) the connection of the urban renewal area, industrial district, technology district, or aerospace transportation and technology district to existing infrastructure outside the district; (11) the provision of direct assistance, through industrial infrastructure development projects, technology infrastructure development projects, or aerospace transportation and technology infrastructure development projects, to secondary, value-adding industries to assist in meeting their infrastructure and land needs within the district; and (12) the acquisition, construction, or improvement of facilities or equipment for reducing, preventing, abating, or eliminating pollution. 24405 5 Ordinance 1844 references this statute for the range of uses for which the TIF money can be spent. Community Engagement. As part of the technology district creation process, the City and the Innovation Campus staff consulted with Gallatin County and School District7 about the mission, vision, rationale and plan for the creation of a technology district. Meeting dates include: Gallatin County Administration • May 3, 2012 Gallatin County Commission • August 6, 2012 Bozeman School District 7 Administration • May 25, 2012 • July 30, 2012 Bozeman School District 7 Trustees • August 24, 2012 • October 8, 2012 • October 15, 2012 • October 22, 2012 Scheduled Public Hearings • November 5, 2012 • November 19, 2012 UNRESOLVED ISSUES: Once created, the City Commission has the authority to act on behalf of the District. The Commission may appoint an advisory board to make recommendations to the City on the expenditure of tax increment dollars. The implementation of the CDP will be a partnership between the City of Bozeman and the Innovation Campus. In the future, staff will bring the issue of District administration and management back to the Commission for consideration. At that time, the Commission may consider the size and make-up of an advisory board and the possibility of including School District 7 officials, or other stakeholders, in some capacity. ALTERNATIVES: As recommended by the Commission. FISCAL EFFECTS: If Ordinance 1844 is approved, the District’s base year is created in 2012 and property taxes distributed to the City, County, and State from the defined area will be frozen at the 2012 taxable value levels for the life of the district. In future years, beginning with tax year 2013, any taxable value increases from new development or property appreciation will be taxed at the same level as other City property, with the tax revenue going to the District. If there is no increase in taxable value, the District will receive no funds. With the creation of the District, the City will establish a new special revenue fund for the purpose of segregating the revenues derived from the technology district. 25406 6 Funds received by the District from the increment are intended for infrastructure improvements shown on in the estimates on pages 17 – 21 of the CDP. Attachments: 1) Ordinance 1844 creating the South Bozeman Technology District a. Exhibit A, legal description of the proposed South Bozeman Technology District; and b. Exhibit B, map of the proposed South Bozeman Technology District. 2) Property owners list; and 3) Public notification. Report compiled on: November 7, 2012 26407 1 ORDINANCE NO. 1844 AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA ESTABLISHING AND CREATING THE SOUTH BOZEMAN TECHNOLOGY DISTRICT; AUTHORIZING THE USE OF TAX INCREMENT FINANCING; DETERMINING THE COSTS TO BE PAID BY TAX INCREMENT FINANCING; ESTABLISHING A BASE TAXABLE YEAR AND AN EFFECTIVE DATE NOW, THEREFORE, BE IT ORDAINED by the City Commission of the City of Bozeman, Montana: Section 1 Findings. 1. The Commission (the “Commission”) of the City of Bozeman, Montana (the “City”) is authorized to create a technology district pursuant to §7-15-4295, MCA and use tax increment financing in furtherance of the purposes of the District pursuant to §§7-15- 4282 – 4294, MCA for the purpose of developing infrastructure to encourage the location and retention of technology infrastructure development projects in the City. 2. Job creation and industry diversification are critical to the long-term economic vitality of Bozeman. 3. Consistent with the goals of the City of Bozeman’s Economic Development Plan, the City wishes to stimulate, encourage and support the attraction, retention and growth of jobs and industry in a variety of technology sectors. 4. The number and diversity of jobs created in a variety of technology sectors have high growth potential and support moderate to high income employment. 5. The area proposed for the South Bozeman Technology District (the “District”) consists of a continuous area with an accurately described boundary that is large enough to host a diversified tenant base of multiple independent tenants. 35927408 Page 2 of 6 6. With the adoption of Resolution 4414 on November 5, 2012, the Commission adopted a comprehensive development plan for the District known as the “South Bozeman Technology District Comprehensive Development Plan” (the “Plan”) that ensures that the District can host a diversified tenant base of multiple independent tenants. 7. The area proposed for the District is currently zoned a combination of Business Park (BP) and Community Commercial Mixed Use ( B-2), which authorize uses compatible with the Plan and are in accordance with the Bozeman Community Plan and consistent with the goals of the City of Bozeman’s Economic Development Plan. 8. The area proposed for the District does not comprise any property included within an existing urban renewal area, industrial district, or aerospace transportation and technology district created pursuant to §7-15-4295, MCA. 9. The area proposed for the District is deficient in infrastructure improvements necessary for technology development. 10. The Commission has determined that the area proposed for District has not been designed to serve the needs of a single district tenant or group of non-independent tenants. 11. The City has discussed the creation of the District and the use of tax increment financing with the Gallatin County Commission and the Trustees of Bozeman School District No. 7 and in adopting this Ordinance has taken into account the effect on Gallatin County and School District No. 7. 12. The City Commission reviewed and considered the relevant criteria established by §7-15- 4295, MCA and §§7-15-4282 – 4294, MCA, and found the proposed technology district and the costs for which tax increment financing may be used to be in compliance with these criteria; and, 13. After proper notice, the Commission held a public hearing on November 5, 2012, to receive and review all written and oral testimony on the proposal to create the District and use tax increment financing has determined the creation of the District is in the public interest. Section 2 Creation of the South Bozeman Technology Tax Increment Financing District. The Commission, after having conducted a public hearing duly called and noticed in accordance with the provisions of §7-15-4295, MCA, does hereby create the South Bozeman Technology Tax Increment Financing District (the “District”) for the purpose of stimulating, encouraging and supporting the attraction, retention and growth of jobs and industry in a variety of technology sectors. 36028409 Page 3 of 6 Section 3 Requirements of Tenants of the District. The tenants of the District must be businesses or organizations engaged in technology based operations within Montana that through the employment of knowledge or labor add value to a product, process, or export service that results in the creation of new wealth and for which at least 50% of the sales of the business or organization occur outside of Montana or the business or organization is a manufacturing company with at least 50 % of its sales to other Montana companies that have 50% of their sales occurring outside of Montana. Section 4 Annual Report. At a date determined by the Director of Administrative Services, the District shall present the Commission and file with the City Clerk a report describing: (1) the activities of the District for the previous year; (2) the activities and the proposed costs to be paid by tax increment financing in the upcoming year; and (3) whether the tenants of the District comply with Sections 1.5 and 3 of this Ordinance. Section 5 Legal Description/Boundaries. The legal description of the District is as shown on EXHIBIT A. The physical boundaries of the District are as shown on EXHIBIT B (both exhibits are hereby incorporated herein and made a part hereof). Section 6 Authorization for Use of Tax Increment Financing/Base Year. In accordance with §7-15-4282, the Commission hereby authorizes the segregation and application of tax increments as provided by §§7-15-4282 – 4294, MCA. For the purpose of calculating the incremental taxable value each year for the life of the District, the base taxable value shall be calculated as the taxable value of all property within the District as of January 1, 2012. 36129410 Page 4 of 6 Section 7 Term of Tax Increment Financing Technology District. The tax increment financing technology district will terminate in accordance with §7-15-4292, MCA. Section 8 Costs Which May be Paid From Tax Increment. The tax increment received by the District may be used to pay any costs incurred for an infrastructure development project (in the District), pursuant to the provisions of §7-15-4282 through §7-15-4294, MCA. Section 9 Filing with the Montana Department of Revenue. The City Clerk shall file a copy of the Plan and this Ordinance with the Montana Department of Revenue. Section 10 Repealer. All provisions of the ordinances of the City of Bozeman in conflict with the provisions of this ordinance are, and the same are hereby, repealed and all other provisions of the ordinances of the City of Bozeman not in conflict with the provisions of this ordinance shall remain in full force and effect. Section 11 Savings Provision. This ordinance does not affect the rights and duties that matured, penalties that were incurred or proceedings that were begun before the effective date of this ordinance. All other provisions of the Bozeman Municipal Code not amended by this Ordinance shall remain in full force and effect. Section 12 Severability. That should any sentence, paragraph, subdivision, clause, phrase or section of this ordinance be adjudged or held to be unconstitutional, illegal, or invalid, the same shall not affect 36230411 Page 5 of 6 the validity of this ordinance as a whole, or any part or provision thereof, other than the part so decided to be invalid, illegal or unconstitutional, and shall not affect the validity of the Bozeman Municipal Code as a whole. Section 13 Codification. This Ordinance shall not be codified but shall be kept by the City Clerk and entered into a disposition list in numerical order with all other ordinances of the City and shall be organized in a category entitled “Tax Increment Financing Districts.” Section 14 Effective Date. This ordinance shall be in full force and effect thirty (30) days after final adoption. ***** End of Ordinance except for signature page and exhibits ***** 36331412 Page 6 of 6 PROVISIONALLY PASSED by the City Commission of the City of Bozeman, Montana, on first reading at a regular session held on the _____ day of ________________, 2012. ____________________________________ Mayor ATTEST: ____________________________________ STACY ULMEN, CMC City Clerk FINALLY PASSED, ADOPTED AND APPROVED by the City Commission of the City of Bozeman, Montana on second reading at a regular session thereof held on the ___ of ____________________, 2012. The effective date of this ordinance is __________, __, 2012. _________________________________ SEAN A. BECKER Mayor ATTEST: _______________________________ STACY ULMEN, CMC City Clerk APPROVED AS TO FORM: _________________________________ GREG SULLIVAN City Attorney 36432413 36533414 366 34415 South Bozeman Technology District Property owners in the proposed district: 1) Advanced Technology INC 910 Technology Blvd. Suite A Bozeman MT, 59718 S14, T02 S, R05 E MINOR SUB 195A NW4 41.97 AC TRACT C-1A 36735416 NOTICE OF PUBLIC HEARINGS ON THE CREATION OF THE SOUTH BOZEMAN TECHNOLOGY DISTRICT AND USE OF TAX INCREMENT FINANCING Notice is hereby given that the City Commission for the City of Bozeman, Montana, at its regular meeting on November 5, 2012, at 6 pm in Bozeman City Hall (121 N. Rouse Ave), will hold two public hearings on the creation of the South Bozeman Technology District (the “District”) pursuant to 7-15-4295, MCA. The Commission will first hold a public hearing on Resolution 4414 adopting the Comprehensive Development Plan for the District. The Commission will then hold a public hearing on Ordinance 1844 creating the District and authorizing the use of tax increment financing for the District pursuant to 7-15-4282, MCA. Copies of the proposed Resolution 4144, the South Bozeman Technology District Comprehensive Development Plan, and Ordinance 1844, which includes a tax increment financing provision, a map showing the boundaries of the proposed District, a legal description of the proposed District, and a list of all properties subject to the proposed District, are on file in the office of the Bozeman City Clerk, 121 N. Rouse Ave., Bozeman, MT. Questions concerning the Resolution, Ordinance, the creation of the District, or the use of tax increment financing may be directed to Brit Fontenot, Director of Economic Development, City of Bozeman, 121 N. Rouse Ave. Bozeman, Montana, by email at bfontenot@bozeman.net, or by telephone to 406-582-2258. Publish: October 21, 2012 and November 4, 2012 36836417 418 419 420 421 Ordinance 1861 Page 1 of 8 ORDINANCE NO. 1861 AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA AMENDING CHAPTER 2, ARTICLE 5, DIVISION 10 OF THE BOZEMAN MUNICIPAL CODE PROVIDING AUTHORITY FOR THE BOZEMAN CITY COMMISSION TO CREATE ADVISORY BOARDS BY RESOLUTION FOR URBAN RENEWAL, TAX INCREMENT FINANCING, AND OTHER DISTRICTS AS AUTHORIZED BY TITLE 7, CHPT. 15, PARTS 42 AND 43, MCA, AND PROVIDING FOR THE POWERS, DUTIES, MEMBERSHIP, REQUIRED REPORTS, AND MEETINGS OF SUCH BOARDS. NOW THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA: Section 1 Legislative Intent. Overtime, the City Commission has created by ordinance several urban renewal, tax increment financing, and other districts and advisory boards to assist in the administration of those districts. The intent of this Ordinance is to first provide authority for the Bozeman City Commission to create by resolution advisory boards for the implementation and administration of the city’s several urban renewal, tax increment financing, and other districts created pursuant to Title 7, Chpt. 15, Parts 42 and 43, MCA and also to provide general rules applicable to a newly created district board. This Ordinance is not intended to supersede or repeal ordinances creating existing urban renewal district or tax increment financing district boards except as provided herein. The City Commission recognizes the Montana Legislature adopted Senate Bill 239, effective July 1, 2013, which consolidated several types of districts authorized to use tax increment financing including technology and industrial districts into what will be called “targeted economic development district[s].” Section 25 of Senate Bill 239 provides that existing technology and industrial districts, such as those created within the City of Bozeman, may continue to operate and issue bonds under the laws governing the districts and financial operations of those districts as those laws read on December 31, 2012. 422 Ordinance 1861 Page 2 of 8 Section 2 That the table of contents to Chapter 2, Article 5, Division 10 shall be amended to read as follows: “DIVISION 10. – URBAN RENEWAL, TAX INCREMENT, AND ECONOMIC DEVELOPMENT TAX INCREMENT FINANCING INDUSTRIAL DISTRICT BOARDS Sec. 2.05.1750. - Purpose and intent. Sec. 2.05.1760. - Definitions. Sec. 2.05.1767 0. - Creation; powers and duties. Sec. 2.05.1778 0. - Members; appointment and terms. Sec. 2.05.17890. - Meetings; elections of officers; records; ethics. Sec. 2.05.17901800 . - Annual reports. Secs. 2.05.1800—2.05.1940 . - Reserved. Sec. 2.05.1810. – North Park Industrial District Board. Sec. 2.05.1820. – Downtown Area Urban Renewal District Board. Sec. 2.05.1830. – North Seventh Avenue Urban Renewal Board. Sec. 2.05.1840. – Northeast Urban Renewal Board. Sec. 2.05.1850. – South Bozeman Technology District Board. Secs. 2.05.1860 – 1940. – Reserved.” Section 3 That Chapter 2, Article, 5, Division 10, Bozeman Municipal Code, shall be amended to read as follows: “Sec. 2.05.1750. - Purpose and intent. The purpose and intent of this division is to provide for the authority of the city commission to create an advisory boards comprised of citizens of Bozeman, Montana to assist in the administration and implementation of urban renewal, tax increment financing, and other districts created pursuant to Title 7, chapter. 15, parts 42 and 43, MCA, which may be granted authority to use tax increment financing. attraction and retention of secondary, value-adding industries including warehousing, distribution and transportation industries, and manufacturing that uses Montana timber, mineral, oil, gas, coal and agricultural resources in the production of products in the state. More specifically, this board of citizens will consult and advise the city commission regarding the Bozeman TIFID program. 423 Ordinance 1861 Page 3 of 8 Sec. 2.05.1760. - Definitions. A. The following words, terms and phrases, when used in this division, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning: 1. "Actual taxable value" means the taxable value of taxable property at any time, as calculated from the assessment role last equalized. 2. "Base taxable value" means the actual taxable value of all taxable property within an urban renewal area or industrial district prior to the effective date of a tax increment financing provision. This value may be adjusted as provided in MCA 7-15-4287 or 7- 15-4293. 3. "Incremental taxable value" means the amount, if any, by which the actual taxable value at any time exceeds the base taxable value of all property within a tax increment financing industrial district. 4. "Industrial district" or "tax increment financing industrial district" or "TIFID" means a tax increment financing industrial district created pursuant to article 6, division 7 of this chapter, and MCA 7-15-4299. 5. "Industrial infrastructure development project" means a project undertaken within or for an industrial district that consists of any or all of the activities authorized by MCA 7-15- 4288. 6. "Tax increment" means the collections realized from extending the tax levies, expressed in mills, of all taxing bodies in which the industrial district or a part thereof is located against the incremental taxable value. 7. "Tax increment provision" means a provision for the segregation and application of tax increments as authorized by MCA 7-15-4282 through 7-15-4292. 8. "Taxes" means all taxes levied by a taxing body against property on an ad valorem basis. Sec. 2.05.1767 A. The city commission 0. - Creation; powers and duties. may by resolution or ordinance creates an urban renewal board or economic development district board the Bozeman Tax Increment Financing Industrial District (TIFID) Board and authorizes the TIFID board to exercise any of the following industrial district powers authorized pursuant to Title 7, Chpt. 15, parts 42 and 43, MCA which are specifically authorized for that board by the city commission. 1. To undertake and carry out industrial infrastructure development projects as approved the city commission; 2. To disseminate industrial development information; 3. To advise the commission on the improving, clearing or preparing for development or redevelopment any real or personal property in the industrial district; 4. To effectuate industrial infrastructure development project plans; 424 Ordinance 1861 Page 4 of 8 5. To assist in conducting appraisals, title searches, surveys, studies, and other preliminary plans and work necessary to prepare for the undertaking of industrial infrastructure development projects; 6. To assist in the negotiation for the acquisition of land; 7. To study the closing, vacating, planning or replanning of streets, roads, sidewalks, ways, railroad spurs, sewer lines, sewer treatment facilities, waterlines, waterways, water treatment facilities, or other places and to make recommendations with respect thereto; 8. To make recommendations concerning the allocation of tax increment financing industrial district funds as appropriated by the city commission and as provided for in MCA 7-15-4288; 9. To perform such duties as the city commission may direct so as to make the necessary arrangements for the exercise of the powers and performance of duties and responsibilities entrusted to the city commission. Sec. 2.05.1778 A. All appointments to 0. - Members; appointment and terms. the TIFID a board created pursuant to this division B. will be made by the city commission. The TIFID A board created pursuant to this division C. shall consist of at least five and not more than seven members with the initial terms as follows: one member appointed for one year, one for two years, two for three years, and the remainder for four years. Each appointment thereafter shall be for four years. The city commission may determine in the resolution or ordinance creating the board that some positions must be filled by persons with specific backgrounds, expertise, or experiences, while other positions may be at large. Whenever possible, at least one board member will be selected from each of the following disciplines: real estate, economic development, commercial lending, and civil or environmental engineering. The remaining positions shall be at large D. Each board member shall hold office until the board member's successor has been appointed and has qualified. . E. A board member shall receive no compensation for the board member's services, but shall be entitled to previously authorized expenses, including travelling expenses, incurred in the discharge of the board member's duties. F. Any persons may be appointed as board members if they are residents of, property owners within, or gainfully employed by a business or firm located within the city. G. A board member may be removed for inefficiency, neglect of duty or misconduct in office The city commission may give preference to residents, business owners or employees, or property owners of the district. A majority of members must reside or own real property within the city. , or as provided for by law. 425 Ordinance 1861 Page 5 of 8 H. A majority of members must reside or own real property within the city. Sec. 2.05.17890. - Meetings; elections of officers; records; ethics A. . The TIFID A board created pursuant to this division shall hold meetings as it deems necessary to execute its powers and duties as provided for by resolution or ordinance of the city commission. in section 2.05.1770 and article 6, division 7 of this chapter. B. The TIFID A board created pursuant to this division shall adopt bylaws enabling it to elect officers, set officer terms and establish regular meeting times. All bylaws must be approved by the city commission. C. All meetings of the board are subject to the open meetings provisions of Montana law and all proceedings of the board shall be subject to the public records requirements of Montana law. D. Board members are subject to the state and city’s code of ethics and must attend annual ethics training. Sec. 2.05.17901800. - Annual reports. The TIFID A board created pursuant to this division shall file with the city commission, on a date as determined by the Director of Administrative Services or before March 31 of each year, a report of its activities for the preceding calendar year and shall publish notice of said report in compliance with 7-15-4237, MCA .” Sec. 2.05.1800. – Reserved. Sec. 2.05.1810. – North Park Industrial District Board. There exists a Tax Increment Financing Industrial District Board created pursuant to Ordinance 1337 for the implementation and administration of the Tax Increment Financing Industrial District Program. This Board shall be hereafter known as North Park Industrial District Board and shall advise the City Commission on all aspects of the implementation of the North Park Industrial District and no other. Sec. 2.05.1820. – Downtown Area Urban Renewal District Board. There hereby exists a Downtown Area Urban Renewal District Board created pursuant to Ordinance 1409 for the implementation and administration of the Downtown Urban Renewal District. Sec. 2.05.1830. – North Seventh Avenue Urban Renewal Board. 426 Ordinance 1861 Page 6 of 8 There hereby exists a North Seventh Avenue Urban Renewal District Board created pursuant to Ordinance 1685 for the implementation and administration of the North Seventh Avenue Urban Renewal District. Sec. 2.05.1840. – Northeast Urban Renewal Board. There hereby exists a Northeast Urban Renewal District Board created pursuant to Ordinance 1655 for the implementation and administration of the Northeast Avenue Urban Renewal District. Sec. 2.05.1850.- South Bozeman Technology District Board. There hereby exists a South Bozeman Technology District Board created pursuant to Resolution 4439 for the implementation and administration of the South Bozeman Technology District. Sec. 2.05.1860 – 1940. – Reserved. Section 4 Repealer. All provisions of the ordinances of the City of Bozeman in conflict with the provisions of this ordinance are hereby repealed and all other provisions of the ordinances of the City of Bozeman not in conflict with the provisions of this ordinance shall remain in full force and effect. Specifically, nothing herein shall be construed to repeal: Ordinance 1685 creating the North Seventh Avenue Urban Renewal District, its urban renewal plan, and its advisory board; Ordinance 1655 creating the Northeast Urban Renewal District, its urban renewal plan, and its advisory board; Ordinance 1409 creating the Downtown Area Urban Renewal District, it urban renewal plan, and its Downtown Bozeman Improvement/Tax Increment Financing Board; Ordinance 1684 creating the Mandeville Farm Tax Increment Financing Industrial District; or Ordinance 1844 creating the South Bozeman Technology District and Resolution 4439 creating the South Bozeman Technology District Advisory Board. The provisions of the above ordinances pertaining to the powers, duties, and composition of such board shall remain in effect until specifically repealed. 427 Ordinance 1861 Page 7 of 8 Section 5 Savings Provision. This ordinance does not affect the rights and duties that matured, penalties that were incurred or proceedings that were begun before the effective date of this ordinance. All other provisions of the Bozeman Municipal Code not amended by this Ordinance shall remain in full force and effect. Section 6 Severability. That should any sentence, paragraph, subdivision, clause, phrase or section of this ordinance be adjudged or held to be unconstitutional, illegal, or invalid, the same shall not affect the validity of this ordinance as a whole, or any part or provision thereof, other than the part so decided to be invalid, illegal or unconstitutional, and shall not affect the validity of the Bozeman Municipal Code as a whole. Section 7 Codification. This Ordinance shall be codified as indicated in Section 2 - 3. Section 8 Effective Date. This ordinance shall be in full force and effect thirty (30) days after final adoption. #### END OF ORDINANCE EXCEPT FOR SIGNATURE PAGE #### 428 Ordinance 1861 Page 8 of 8 PROVISIONALLY PASSED by the City Commission of the City of Bozeman, Montana, on first reading at a regular session held on the _____ day of ________________, 2013. ____________________________________ SEAN A. BECKER Mayor ATTEST: ____________________________________ STACY ULMEN, CMC City Clerk FINALLY PASSED, ADOPTED AND APPROVED by the City Commission of the City of Bozeman, Montana on second reading at a regular session thereof held on the ___ of ____________________, 2013. The effective date of this ordinance is __________, __, 2013. _________________________________ SEAN A. BECKER Mayor ATTEST: _______________________________ STACY ULMEN, CMC City Clerk APPROVED AS TO FORM: _________________________________ GREG SULLIVAN City Attorney 429