HomeMy WebLinkAbout03-23-22 Downtown Business Improvement District Board Minutes
Downtown Business Improvement District
Board Meeting Minutes
March 23, 2022
Attending: Jolee Barry, Eric Bowman, Emily Cope, Terry Cunningham, Ileana Indreland, Erik Nelson, Ellie Staley, Eric Sutherland
Absent: Susan Neubauer
Minutes
ACTION: Erik Nelson moved to approve the February minutes as presented. Eric Bowman seconded the motion.
All voted in favor.
Public Comment
None.
Discussion Items
FY23 Draft Budget Emily presented the draft budget for FY23 with a total assessment of $210,000 which would set the assessment rate to an estimated $0.024372 per taxable dollar value. The increased assessment amount covers increased staffing costs, flower program expenses, and increased
insurance costs for the maintenance vehicles. The board stated they would like to revisit
potential new programs at the next board meeting. Fire Station One- URD Funding Request Update Ellie provided an update that at the March 22 City Commission Meeting, the Commissioners
voted unanimously in support of Ordinance 2106, a Provisional Adoption Approving a Project in
the Downtown Urban Renewal District as an Urban Renewal Project; Making Findings with Respect Thereto and Approving the Use of Tax Increment Revenues or Tax Increment Revenue Bonds to Reimburse Eligible Costs Thereof. This approval includes the 1.6 million in URD funds to be reimbursed to the developer as a convent of the fire station sale with the following
deliverables: to provide at least 50 for-sale units, all units would have long-term, deed restricted
affordability for households making 120% AMI or less. It was also approved to add an amendment to the ordinance to restrict short-term rentals as an option for the potential unit owners. The developer will have a 45-day due diligence timeline to review their development plans and accept or decline the proposed buy/sell with the covenants outlined above.
March Finance Report Emily presented the March 2022 finance report.
Economic Development Director’s Report Emily presented the March EDD Report. Ellie provided an update on the latest structured parking site selection, stating that the preferred site is the county’s land near the courthouse. Ellie provided an update of the dates left available for sign up for the paid parking engagement session over the next couple weeks. The board asked for additional spots/days to be made
available, city staff open a fifth session and additional spaces in existing sessions. Meeting was adjourned at 1:00 pm