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HomeMy WebLinkAboutIDB-TIF memo and application Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Aimee Kissel, Deputy City Clerk Chris A. Kukulski, City Manager SUBJECT: Appointment to the Downtown Bozeman Improvement District Board/Tax Increment Finance (IDB/TIF) MEETING DATE: May 18, 2009 RECOMMENDATION: Mayor Jacobson appoints one non-voting member to the Downtown Bozeman Improvement District Board/Tax Increment Finance (IDB/TIF), with the advice and consent of the Commission. BACKGROUND: There are two non-voting vacancies on the IDB/TIF. There is currently one applicant applying for this position. The board has recommended this applicant (see attached). The Downtown Bozeman Improvement District Board (IDB/TIF) was created under the Urban Renewal Plan, which was adopted by the Commission under Ordinance No. 1409 on November 20, 1995. The IDB Board is comprised of five voting members who shall have a demonstrated interest in downtown Bozeman, and two non-voting members. The Mayor shall appoint the members, with the advice and consent of the City Commission. In accordance with Section 7-15-4234, M.C.A., members shall serve staggered four-year terms. The voting members shall be residents of the city, and a majority of the voting members shall not hold any other public office under the municipality. Non-voting members must possess a demonstrated interest in downtown Bozeman and may represent a specified list of organizations which include, but are not limited to, the Parking Commission, Chamber of Commerce, MSU/Museum of the Rockies, Gallatin Development Corporation, Bozeman School District, City of Bozeman, Gallatin County and the Downtown Bozeman Association. Non-voting members need not be city residents. This Board is administrative. The IDB/TIF currently has two vacancies and one applicant. Applicant seeking Appointment: Bill Stoddart ALTERNATIVES: As suggested by the City Commission Attachment: Board application and board recommendation letter 12 MAY 2009 COMMISSION MEMORANDUM To: Mayor Jacobson and City Commissioners From: Chris Naumann, Executive Director Re: Downtown IDB-TIF Board Appointment Meeting Date: May 18, 2009 RECOMMENDATION: The TIF Board would like to recommend appointing Bill Stoddart to the non-voting position with a term to expire in June of 2012. Mr. Stoddart is financial advisor with DA Davidson & Co. located downtown. BACKGROUND: The Downtown Tax Increment Finance (TIF) Board consists of 5 voting members and 2 non-voting members. Historically, newly appointed members have been designated as non-voting members to give them ample time to understand the purpose and function of the TIF board, the Urban Renewal Plan, and its associated projects. It has been intent of the TIF Board to attract an applicant from the downtown financial community as their expertise in monetary matters would benefit the board and the district. EFFECTS: This action would ensure the TIF Board consists of at least one but not more than seven non-voting members. As a result of this action, the TIF Board would have one remaining non-voting vacancy. ALTERNATIVES: As suggested by the Mayor or City Commissioners CONTACT: Chris Naumann, Downtown Bozeman Partnership 224 East Main Street Bozeman MT 59715 406-586-4008 chris@downtownbozeman.org SUPPORTED BY: Downtown TIF Board Received 4/16/09 Fill out the following information and click send to apply for the Downtown Bozeman Improvement District Board/Tax Increment Finance (IDB/TIF). Name: Bill Stoddart Physical and Mailing Address: 225 Lindley Place Email: bstoddart@dadco.com Phone(s): 587-0851 (h); 587-5461 (w) Length of time in the Bozeman area: Since 1992 Occupation: Financial Consultant Employer: D.A. Davidson Have you ever served on a City or County board? (Yes/No) No (If so, where, what board, and how long?) Please explain your relevant qualifications, interests, and experiences. As both a downtown resident and someone who works at a downtown business, I am committed to Bozeman's downtown. Also, as someone who works in the financial services industry, and who was formerly a high school educator, I believe I can help facilitate conversation among the various topics the TIF Board may encounter. References (Individual or Organization) Brian Brown - Branch Manager, D.A. Davidson - 587-5461 Godfrey Saunders - Principal, Bozeman High School - 522-6200 Dave Sovulewski - Sovulewski Construction - 539-1470 Please include name and phone for three references. I understand that sending this email is the same as signing my name. (Yes/No) Yes Special Note: This application is considered public record. Application contact information may be displayed on the City of Bozeman website.