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HomeMy WebLinkAbout15- Downtown Bozeman Partnership (Travelers Insurance Company) Scope of Services and Certificate of Liability InsuranceDOWNBOZ-01 JHOGG ACORO CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY) 6/18/2015 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(les) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER Bozeman Office PayneWest Insurance, Inc. 1283 North 14th Avenue Bozeman, MT 59715 CONTANAME: Jeanne Hogg PHONE 406 586-3351 FAX Ne ; 406 586-0437 A/c No Ext : ( ) ( ) E-MAIL ADDRESS: INSURER(S)AFFORDING COVERAGE NAIC # INSURER A: Travelers Insurance Company 19046 06/06/2016 INSURED INSURER B: Ohio Security Insurance Co. 24082 Downtown Bozeman Partnership, LLC Downtown Business Improvement District INSURER C : INSURER D : Downtown Bozeman Association 222 East Main Street, Suite 302 Bozeman, MT 59715 INSURER E: INSURER F COVERAGES CERTIFICATE NUMBER: REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR LTR TY OF INSURANCE ADDL INSD SUBR WVD POLICY NUMBER POLICY EFF MM/DD/YYYY POLICY EXP MM/DDIYYYY LIMITS A X COMMERCIAL GENERAL LIABILITY CLAIMS -MADE ❑X OCCUR X 660987OA017 06/06/2015 06/06/2016 EACH OCCURRENCE $ 1,000,000 DAMAGE TRENTED 100 000 PREMISES Ea occurrence , MED EXP (Any one person) $ 5,000 PERSONAL &ADV INJURY $ 1,000,000 GEN'L AGGREGATE LIMIT APPLIES PER: POLICY � JECT [—]LOC OTHER: GENERALAGGREGATE $ 2,000,000 PRODUCTS - COM P/OPAGG $ 2,000,000 $ BANY AUTOMOBILE LIABILITY AUTO ALL OWNED X SCHEDULED AUTOS AUTOS X HIREDAUTOS X NON -OWNED AUTOS X BASS6383792 12/21/2014 12/21/2015 COMBINED SINGLE LIMIT $ 1 000 000 Ea accident , , BODILY INJURY (Per person) $ BODILY INJURY (Per accident) $ PROPERTY DAMAGE $ Per accident $ UMBRELLA LIAB EXCESS LIAB OCCUR CLAIMS -MADE EACH OCCURRENCE $ AGGREGATE $ DED I I RETENTION $ $ WORKERS COMPENSATION AND EMPLOYERS' LIABILITY Y / N ANY PROPRIETOR/PARTNER/EXECUTIVE ❑N OFFICER/MEMBER EXCLUDED? (Mandatory in NH) If yes, describe under DESCRIPTION OF OPERATIONS below / A PEROTH- STATUTE ER E.L. EACH ACCIDENT $ E.L. DISEASE - EA EMPLOYE $ E.L. DISEASE - POLICY LIMIT 1 $ DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required) Certificate Holder is named as additional insured with respect to operations as per written contract, but only as provided by the policy language. CERTIFICATE HOLDER CANCELLATION ©1988-2014 ACORD CORPORATION. All rights reserved. ACORD 25 (2014/01) The ACORD name and logo are registered marks of ACORD SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE City of Bozeman State of Montana THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. P.O. Box 1230 AUTHORIZED REPRESENTATIVE Bozeman, MT 59771 ©1988-2014 ACORD CORPORATION. All rights reserved. ACORD 25 (2014/01) The ACORD name and logo are registered marks of ACORD Scope of Services: Attachment "A" Downtown Tax Increment Finance District Board FY2016 Work Plan (July 1, 2015 to June 30, 2016) Downtown Parking Garage $ 437,000 budgeted The TIF will make the annual bond payment and long-term maintenance fund contribution for Bridger Park, the downtown parking garage. Downtown Public Parking Lot Improvements $ 250,000 budgeted The TIF is committed to partnering with the Bozeman Parking Commission and the Parking Enterprise Fund to make strategic functional and aesthetic improvements to the City -owned parking lots downtown. Improvements will include stormwater compliance, internal lighting, landscaping, and reconfigured vehicle circulation. Downtown Hotel Incentive Program $ 200,000 encumbered The purpose of the Downtown Hotel Incentive Grant Program is to encourage the construction of a quality hotel within downtown TIF District. The 2009 Downtown Improvement Plan noted that Bozeman's Main Street district lacks a "50-80 room four-star hotel". The program offers to reimburse up to $100,000 of the impact fees associated with the development of a hotel. The TIF Board awarded incentives to the Element and Etha hotels in FY2014. DURT Phase 1 Design and Engineering $ 180,000 budgeted The TIF will continue the design and engineering work for a large streetscape improvement project involving 21 block faces in downtown. Once the design is complete, an SID will be formed to finance the construction work, if feasible. Downtown Housing Incentive Program $ 100,000 budgeted The purpose of the Downtown Housing Incentive Grant Program is to encourage the creation of new housing units within downtown TIF District. The intent of the program is to increase the residency rate and subsequently the tax base of the TIF District. The Program will reimburse a portion of housing -related impact fees for qualifying residential projects. Downtown Broadband Infrastructure $500,000 budgeted The TIF has committed funding to begin the construction and implementing the public portion of a fiber optic broadband network downtown as previously design as one component`of the Bozeman Fiber Master Plan. Downtown Explosion Impact Fee Relief '$ 100,000 budgeted On January 19, 2010 the TIF and the City of Bozeman entered into a Memorandum of Understanding that the TIF would pay the any impact fees associated with construction projects resulting from the destruction of the March 5, 2009 explosion and fire. On April 26, 2013 the MOU was renewed for another three year term. There are still two properties to be reconstructed. Downtown Partnership Management Fee $100,000 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 222 East Main Street in addition to the majority of the payroll costs of Chris Naumann, who serves as the TIF Director. Professional Services Agreement between the Downtown Bozeman Partnership and the City of Technical Assistance Grant Program $ 50,000 budgeted $ 40,000 FY15 encumbered This program supports 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 facilitates navigating code requirements, preparing for the planning application and approval process, and evaluating historic preservation considerations. Alley Improvement Incentive Program $ 25,000 budgeted The TIF will offer a new program to assist property owners in the implementation of the ideas presented in the Downtown Alley Sketchbook. This document provides numerous examples of how to improve the alley corridors with lighting, landscaping, and hardscaping. The incentive program will focus on assisting with the installation of pedestrian -scale lighting in the alleys. Code Compliance Program $ 50,000 budgeted This TIF program provides property owners with partial reimbursement for life -safety code compliance upgrades. The program is specific to the installation of dedicated fire lines connecting a building's sprinkler system to the municipal water main. The program has a one-to- one match required of the property owner and a per -project dollar cap of $10,000. Downtown Improvement Plan Implementation $ 40,000 budgeted The TIF board has allocated funds to be invested in high-priority projects identified by the Downtown Improvement Plan. These funds could be used for further planning or design projects or for implementation of particular projects specifically designated as follows: GVLT Burke Park Bridge Project $ 25,000 Downtown Wayfinding Contribution $ 15,000 Streetscape Element Purchases and Maintenance $ 37,500 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. Funding is also available for the ongoing maintenance of the streetlamps and Soroptomist Park. Streetscape Assistance Program $ 20,000 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. Downtown Comprehensive Parking Plan $ 20,000 budgeted This TIF will contribute funds to the development of the Bozeman Parking Commission's Comprehensive Parking Plan. The RFP for consultant selection was released in May of 2015 and the Plan will be completed in early 2016. The FY2016 Downtown Tax Increment Finance District Work Plan and Budget were unanimously approved by the TIF Board on May 19, 2015. Bozeman Regarding the Administration and Management of the Downtown Bozeman Urban Iffi`i Downtown Tax Increment Finance District FY2016 Budget Expense Operations Category BUDGET Total Operations Income Infrastructure Improvements Starting Cash Balance $ 1,621.036 Income from TIF (enmoted) $ 427.000 COB Interlocal Share $ 335.113 Entitlement Share State ofMontana $ 48.436 Interest Income (estimated) $ 11,000 Total Income $ 2,439,585 Expense Operations Management Fand Admin. Total Operations $ 100,000 Infrastructure Improvements Street Furniture and Park Maintenance $ 7.500 8hnotsuapo—newpumhaoeo $ 30.000 GtreotsoapeAssistance Program $ 20.000 WayhndingSignage—fab &install $ 10.000 Alley Improvement Incentive Program $ 25.000 Public Parking Lot Improvements $ 250.000 Code Compliance Program $ 50.000 Encumbered for Olive &Wallace $ Fiber -Broadband Infrastructure $ 500.000 GVLTBurke Park Bridge Project $ 25.000 Bridger Total Improvements $ 917,500 Planning Technical Assistance Grants $ 50.000 FYI 3Encumbered Funds * FY14Encumbered Funds $ - FY1SEncumbered Funds $ 40.000 Residential Incentive Program $ 100.000 Hotel Incentive Program $ - FY14Encumbered Funds $ 200.000 DB|PImplementation Funds MiomoUonooue * 20.000 Encumbered FYI 4WTI Truck Route Study $ B33DModeling Project $ 83Historic Inventory Update $ B3ZMAProject $ City Wa\finding—DowntownP|unning $ 5.000 DURTPhase 1 Prelim Engineering $ 60.000 DURTPhase 1Final Engineering $ 120.000 DURTPhase 1Lighting Contribution $ - Comprehensive Strategic Parking Plan $ 20,000 Total Plannina $ 615.000 Parking Structure Garage Bond Payment $ 427.000 Garage Long-term Maintenance Fund $ 10,000 Total Parking Garage Payments $ 437,000 Explosion Impact Fee Expenses Explosion Impact Fees $ 100,000 Total Impact Fee Expenses $ 100,000 Total Expenses Professional Services Agreement between the Downtown Bozeman Partnership and the City of Bozeman Regarding the Administration and Management of the Downtown Bozeman Urban Renewal District