Yes.

And I think I don't have any questions.

Well, I will tell you I also have a meeting at 125 campus.

If I can get her.

So we're going to be able to do that.

I'm sorry, 145.

Yeah, so I do want to leave some time to discuss the budget, but I will tell you I have it in front of my feet intermediately making changes.

So I think the concept is to really lean through if we want to allocate any additional or less funds than what is listed in this budget.

And then before the next meeting, I will take out all the noise and I'll put it in direct category so you guys can clearly be going into approval.

Okay.

All righty.

Can we ready to call the meeting to order?

I believe.

All right, let's do it.

It's calling in order.

Are there any disclosures from anyone on the board?

Staff liaison.

Are there any changes to the agenda?

There are no changes.

No.

Are there any public service announcements?

Well, I requested maybe Douglas give us a PSA quick, and then I do also have one PSA, and that is our parking vision plan survey is live.

So you may have all seen my email from this morning.

We have been working with Indigo West on creating this survey.

We are doing this in tandem in collaboration with the City of Bosman Parking Division.

This is funded by the downtown urban renewal district.

And please take the survey.

And to us.

So take a moment to think of Tara Bowman and her family and at some point today I would just ask.

Just to keep us focused.

But uh the first one, and they're not really particularly in order, but but we have numbers on them.

Um is advanced Bozeman is a safe and welcoming place for all.

Um number two is to engage meaningfully with the community.

Um number three is to bridge the affordability gap.

And affordability, just that's both jobs and housing, I think is the way is the way we see it as a commission.

And then the fourth is protect Bozeman's heritage, neighborhoods, and natural environment.

And so within there, there are uh a number of different goals.

And if you do not have this, maybe I can um I'll get the final version.

We amended it on the floor on the fly.

I'll get a final version to Ellie, and then she can get it out to you.

Um I'm kind of proud of it.

Um there is one component, if to just briefly take your of looking at our UDC.

We had a huge community, all of you guys know this.

We had a huge community discussion on rewriting our zoning code, what our how we build this this town.

There was particularly for B3 a big discussion at the very end, very last minute of this two-year process of whether 70 feet or 90 feet is appropriate for B3.

Um, we have instructed staff to like, look, just let this thing sit.

We're not gonna touch this.

We want to see how it how it rolls out, where the sticky parts are, let this code do its work as we intended.

Um but at some point we're going to come back in later this spring, May.

I'm not sure 100% sure, to look at uh what are the sticky points?

And I'm pretty confident that that B3 height is going to be one of them.

And so Ellie, I'd love to just sit and talk with you.

Uh we need some way so that this is not frankly, you know, and this is just me speaking.

Perhaps out of turn, but I would love to have some way so that this decision is not rolling straight up to the city commission to make because your five commissioners are not qualified to make a decision on B3 height.

Right.

I would love the experts in the community to weigh in on what is an appropriate height.

Do we use setbacks?

Do we you know uh and so I would love to have some process?

I don't know whether it goes in front of the BID or the downtown board or the URD, but just to have that kind of a discussion and your input in front of us as a city commission so we could weigh kind of informed you know choices here is as we make that decision.

I do think that having potentially a city staff member come and present some of these touchy you know issues to RBID and URD boards specifically in the midst of the discussion would be super helpful.

And then if we could come back and you know weigh our input after we get that you know presentation, have a discussion at the board, potentially hear from some of our constituents, which we assume we will through either public comment or you know, just direct connection, and um, and then I think maybe a a discussion and decision to follow.

I think would be helpful.

Do you all see a that is somewhat of a good schedule?

Okay, yes, then I'll work with you and with Jake to uh you know, maybe in May or June have that um agenda item.

Okay, let's go to staffer.

Um Douglas, is it gonna be like uh you're gonna discuss in May and then make decisions in June, or what's the process look like?

You overestimate how quickly we work as a committee.

Just giving a hopeful suggestion.

I am uh that will all be determined.

We're going to um uh we yeah, I can't even I can't even speak to when this will when we'll have that discussion on the UDC.

What I'm imagining is that is that we'll have like this basket of issues that staff is the staff and the community frankly are gonna present to us of things they'd like us to tweak.

And the city commission will have a work session, hopefully in May, but it's it's I don't set the agenda.

Um hopefully May where we can say, okay, here's how we're gonna tackle those various things, and then come back, and I would imagine it's probably won't be.

We may tackle these in various issues of like if some things may be really urgent, we may not tackle them all at once.

I don't know when we would actually get into you know setting it in in stone.

So then a clarifying question would be if somebody submits something in the meantime, you just it is the law of the land at that moment is is what they should be going by.

Okay.

That's correct.

Right now it sits at 90 feet.

That's what it is.

So Douglas, those priorities, city commission priorities, are those in in order at priority.

Not really.

I mean um I you know, I like to think that they're in order of like, you know, safe and welcoming is a kind of a top line goal, engagement is an important thing, and then how do we bridge the affordable?

You know, I tend to see them in order, but but not everybody does on the on the commission, right?

Even but um so so no, there's there's work important work to be done on each one of these things.

Okay.

Um just as like a positive, I had um a meeting, just a social casual meeting with Britt Fontenau maybe two weeks ago, and he was talking about that program.

Um, the woman, the two women presented on the uh daycare platform, and he said it's going so well and it's been incredibly impactful, and that they re-upped their support of that.

And I was saying that that presentation was that really was incredible, we loved it, and just said that like we'd be in support of it as well, especially because it does support that.

You know, it is an economic factor being able to have child care, and we understand that it is a huge driving force for workforce.

Soy.

Um moving on.

Um looking at these minutes that we worked on for a year at this point.

Yes.

Do we by any chance have a motion on the floor?

Yeah.

So I will just um note really fast.

Thank you for um approving the minutes.

If you would like to go and listen to the minutes and catch back on catch up back on a year of URD meetings, you are welcome to.

Um, but a huge thank you to Emily for um getting this uh worked out.

Of course, the um minutes have been available by video, but did not have the timestamps.

We did have a software issue on our computers, compatibility with some of the city stuff.

So we got that handled, and thank you, Emily.

So yeah, if Jake, you want to request a motion to approve minutes?

I formally request a motion to approve the minutes of the URD board as submitted.

I'll second.

All right, any other discussion about our year-long minutes.

All right.

We will read them.

Move to approve.

Amy.

We'll do a roll call quick for approval.

Amy.

Tony.

Hi.

Marley.

Hi.

Jake.

Aye.

Sky?

Aye.

And Nicholas.

All right, minutes approved.

All righty.

Moving on.

Yeah, good for that.

Is there any public comment?

All right, I can go ahead and read this.

So for public comment, this is the time to comment on any manner matter falling within the scope of the Urban Renewal District, Downtown Urban Renewal District.

There will also be time in conjunction with each agenda item for public comment relating to that item, but you only may speak once.

Please note the board cannot take action on any item which does not appear on the agenda.

All persons addressing the board shall speak in civil and courteous manner and members of the audience shall be respectful of others.

Please state your name and place of residence in an audible tone and voice for the record and limit your comments to three minutes.

Emily, do we have anyone online?

No public comments online or in person.

You got it.

All right, we have two session meetings.

Oops.

Two discussion items today.

Let me pull them up on our agenda here.

You know what?

Let's go ahead and move right through the ED report.

If you guys are okay with that, we can end with the budget.

I know we have a real hard stop at 120 today, which I think is just fine.

So we'll move through it really pretty quickly.

Please stop me if there are any of these items you'd like to talk further.

We are underway with our budget season.

Um BID, URD, and DBA budgets will be uh reviewed, reviewed through March and April, approved in April, and brought to the commission in May.

We have also initiated a uh branding refresh for the downtown partnership brand, our DTN BZN.

Uh the DTN BZN is not going anywhere.

We really like that brand, but we are going to be doing some refresh on our colors and some of our branding things.

You will start to see these items, everything from downtown banners to our annual report that will be coming out soon to our resource guide and a lot of our larger items like newsletter and website.

So look out for those changes.

I mentioned this before, and I'll continue this because it's gonna be a long um project, but I am on the MSU Strategic Planning Committee.

We'll be headed there for a listening session with graduate students after I leave here today.

And this effort will continue through the summer.

So I just want to make it very clear a couple couple things in relation to my participation here.

Uh one, we as a committee we are not writing this plan.

We are um assisting in the listening sessions and making sure that we reach all the groups, um, that that every voice is heard and that we report back to the folks who are going to be actually writing the plan.

This work will happen through this summer.

The focus was really to stay on campus with most of the listening sessions and sessions in general through the end of the school year, and then it will be focused on the community through the summer and um and then they are planning to come back in November with the final plan during the Board of Regents and Cat Grid's football game.

And MSU did come and briefly present them.

We have a little bit of technical issues, but um, but they did come and present to the city commission.

So um keep on looking out for that.

If you have not completed the early survey, please do so.

We we'd love your involvement.

This year's um downtown conference is gonna be held in Glasgow.

So we're really excited to see um our downtown conference conference expand outside of the larger um urban communities in the state.

Traditionally, Billings Butte, Bozeman, Great Falls is just kind of shifted from one of the the top six um larger communities to another.

Um we involved Livingston and and we think we kicked off a bit of a trend when we did it here.

Um, and now we're seeing much more involvement from from a rural perspective.

So we're headed to Glasgow.

Um, and we're gonna make a little pit stop in Lewiston.

Um we work with Lewiston often from an economic development perspective through Mita and such, so we are gonna make a little stop there.

They're doing some cool things.

Lewis Town or Lewis Tit?

Lewistown.

Okay.

Lewiston is Idaho, Lewis Town is my.

Sorry, all right, okay.

No, just to miss Megan sure before you go there.

Well, I will tell you, I've got Glasgow down because I want to say Glasgow, but it it is Glasgow.

So thank you.

Montana Lingo is critically important.

I I get that.

Noted noted.

All right.

Um let's see, moving on.

Just a quick um update on a couple of engaged Bozeman projects, keeping in mind that these are city projects, but we are very much engaged in these.

Um in a lot of ways, me directly engaged in these, specifically with um the Bozeman Creek uh vision plan.

We have hired a um consultant port, and they are gonna be putting together a vision and massing plan.

Um this has been really a great process.

We're really excited to work with Port.

Um, one of our next um meetings is going to be it with adjacent property owners.

So myself and Emily uh will help uh John and and the folks at Seaboseman Creek develop that property owner, adjacent property analysts, and hopefully we can have some really robust conversations with that group.

And that is gonna happen, I think, first week of April.

Um I'm really excited to um see the progress um of this Bozeman Beat podcast that our new mayor at Cunningham has um, I'm sorry, I got so used to used to say Morrison.

Um, and I think it'll be really cool.

I went and checked it out.

I just didn't listen to the whole first one, um, but it is available on any of any of the podcast streaming platforms, and um, we do have some ideas to um get uh Mayor Morrison involved in the parking um plan, vision plan, getting involved in Bozeman Creek and and um the MSU strategic plan.

So a lot of projects that we're very much involved in um hopefully will be featured on the Bozeman Beat.

So I'll keep y'all involved involved here or updated here.

Um I have not taken this off of the agenda specifically because we are gonna be moving through our first TIFF infrastructure assistant grant approval at our next board meeting.

So we did um finalize this grant, we did approve this grant, um, and I think it was a really great process.

Um although now we have grant interest coming in, and we do need to sift through the details because some of these grants are relatively big asks.

Um they are specifically, of course, for public infrastructure improvement projects, generally tied to a development, and um and we will review one of these at our next board meeting.

And this is for a sewer replacement attached to a whole hotel project.

It is currently sitting with um the legal department so that we just make sure that I am giving you guys all the correct information so you can make an educated decision.

All right.

Um EHO Peace Park, we continue to work on that, and I keep it on the on the agenda as well because we are gonna continue work through the end of August, well, through the end of June, and then our um dedication and grant opening ceremony is planned for Friday, August 14th in coordination with our downtown art walks.

Ellie, can I ask a question back about the infrastructure grant?

Please.

You mentioned you've been getting a lot of grant, a lot of requests coming in.

Um have you begun turning requests down?

No.

Um actually I've only gotten one formalized submission.

I've gotten three additional requests, and I assume I'll get those um applications in in the next couple of months.

Anything that is approved within this fiscal year but not paid out within this fiscal year will be encumbered into fiscal year 27, but not included specifically on today's budget review.

Um I think what um how I see this going is that this is public improvement projects.

You guys certainly have discretion on these funds, but I think probably the funding moving forward will be um overseen by our budgetary commitment, if that makes sense.

So if we think we have five or six projects on the gamut, probably gonna get several infrastructure grants.

You know, let's keep that in mind when we approve our um infrastructure incentive grant line item.

Um I don't see a scenario necessarily where we turn them down unless it's fiscally impacted.

Or they don't qualify.

Right.

Or they don't call.

Of course, of course.

And we'll have a clear timeline from them on like, okay, here's the timeline on when we're gonna replace our sewer so we understand when the money is gonna go out.

It's not like we're planning on doing it.

It's not like the fire station.

Yes.

And um just to let you know for this specific one that has been submitted to us.

Thank you, Marley, for making that um keen keen the observation.

Um we will bring in the um folks applying for the TIFF assistance grant here for questions during our action item at next month's meeting meeting.

That's exciting.

For that, will you also be able to share with us just so we have a forecast of like what's coming, like the scale and scope of these grants that may not yet be formal, but that you're expecting.

You know, I can't, but it is tough to say, right?

I'm not, I'm most of these projects are just inside site plan approval.

I'm not sure they totally know what they're gonna ask for.

They certainly haven't gotten like the engineering and the pro forma stuff done quite yet.

They're just got their hey, you need to do it moment.

So I guess we're a little kinda dog, might be the wrong word, but we're in a position where the first like the early bird gets warmed a little bit.

I think we are in that position.

Now, if we have a scenario towards the end of a fiscal year where we have approved and paid out all of our infrastructure, budgeted infrastructure grant funding.

We are we absolutely have an opportunity because we know we won't be out of funding holistically, right?

Just in that specific line item, we can go back to the commission for approval.

And that's um totally normal and doable.

Okay.

My only question with that is that like does it become political at that point?

Like, do people then get mad that we're trying to like improve sewers because it's related to a hotel?

And then you know, I like we're I can tell you what I get.

And and and maybe Douglas can even chime in here as well.

But then it is really your all's position from there.

I believe that public infrastructure improvement is our job regardless of who the developer is, what the political situation is.

So, whether how do I put this?

If we get a request to replace a sewer line connected to a development project, I guess I I don't think this board should really care who that developer is or what their outside intentions are this would be directly tied to that public infrastructure improvement and doesn't necessarily have a political tie for us as an organization.

Does that answer your question?

Sorry, trying to trying to be as PC as I can.

I'd love to jump in and just say we have never been in that position of having too much in front of us.

So I would be thrilled to recognize that.

Um I don't know how long I've been on the board, but quite a while.

And it would be awesome to see money going out to improve infrastructure.

So first come first, or my thought.

Completely agreed.

And I also do not want to be political about any of the projects.

I want to see our infrastructure improved.

And I don't care if it's a hospital going above or apartments going above.

I mean, the infrastructure is underneath all of our cities and properties, and it shouldn't matter.

I just want to be conscious of the fact that it might be perceived in different way.

Yeah.

You know, I will note one, we are by state statute mandatory any expenses are spent on public infrastructure improvements, right?

So none of these funds are going to help a specific developer in any way.

So if a development crashes and burns, hopefully the next developer will come in and ask us for funding.

So I guess it maybe is somewhat of a comparison there.

Also, they I think anything that we approve from here is not just benefiting that development specifically.

Yes, it is hopefully getting to the finish line, right, with infrastructure being accomplished, but it is also uh benefiting surrounding properties, no doubt.

Connectivity, absolutely.

Douglas, any other comments or thoughts?

I'll just say that this board provides the essential credibility to these decisions.

You know, you guys weigh the pros and cons you about the projects, and I think that that takes a lot of that the politics out when it gets to the city commission for final approval.

Thank you, Douglas.

Great, great reminder.

All right, I will keep moving on unless there's more questions about that.

And um, I just will note one more time.

Um there's gonna be a lot of information in any of these grant requests over 50,000 to this board.

So you guys are gonna get a nice little packet to review.

So I just request that you take some time to review those in advance.

Maybe come with some with some good questions.

All right.

Um we have become the um preliminary process of a special improvement improvement lighting district.

Um, full transparency.

I do not know um the end line with this.

Um, I'm not sure if it's city finance or engineering or even our contractor does, um, but we're gonna get there because this is necessary, and this is one more of those infrastructure improvements that I think is truly mandatory uh with the sunset of the downtown URD.

So, any questions on that?

Keep you all updated.

T D H has done a lot of um electrical work for us in the past, so they've map mapped out some of our um pedestrian lights and such, so they're gonna be doing some work.

And I think that Sky Day may have had some some past information that they needed to get from you too.

So I'll keep y'all updated on this.

All right, parking, yay.

Um, so we continue to move forward with our parking vision plan.

We are working with Indigo West, and as I mentioned in PSA, um, our uh community survey is out there.

We have um when I say we, Indigo West has um interviewed 18 people one-on-one interviews, and that um the uh results from those one-on-one interviews as well as the parking working group uh really helped us put together our survey.

That survey is live through March 30th, and it's gonna be provide a great platform for um our vision plan, which we are going to again hand to the city and say, let's do this.

So feeling pretty good about it.

Um in the meantime, the city has been working um hard too on updating some of their parking dashboards.

Um, we've been talking a lot about um you know getting that data needed to make educated decisions slow roll, but but it is happening.

And um also the federal building, I want to give you guys a quick update that's not super clear on this.

Uh Britt and the economic development team is working towards um the potential um uh finding out more about what the the sale of the federal building's future um is, we don't know yet, um, but I will keep you all you guys updated on that.

There is a re a request for a letter letter of support to not sell the federal building, and Britt set that out to myself.

I am gonna send that out to you all to get support for that.

I just ask that if you do support it, just email me directly.

It is a form letter and I will add some some downtown language and send it all to you for approval.

And we are in the midst of talking to um some uh TIFF experts, statewide TIF experts.

Yes, sorry, we're yeah, yeah, yeah.

You're saying uh request to not sell the federal building to the pop to the private sale.

Okay, yes, more like sell it to us.

Don't put it on the market.

Yes, yes, I'm sorry, that that wasn't super clear.

Don't sell it on open markets.

Right for public use.

Exactly.

I should have more been more clear.

Thank you.

And um, so I will circulate that letter of support.

Uh we are talking to statewide uh tax increment professionals about expanding our district to include the federal building for the potential of building a parking garage on that site.

Uh we have um gone step by step through our scope and what it will take to get there.

Um, David Fine joined us and then Janet Cornish and Brad Brad Archibald with Pioneer.

Um, they are gonna help us along this process.

I will send um this scope and work to you all.

Um, we will hopefully, if if you guys are um in support of this, we will go into a PSA with them and start that process.

It's about a nine-month process from start to finish.

Um, it is basically like establishing a new urban renewal district, but not as much I guess jump hoops to jump through in the way of writing the plan and that sort of thing, but the process, the public process is still the same, so it does take a little time, a little time.

But the consultants I'm talking to feel very confident that we can expand the district just into that parcel or a few parcels.

Any questions about that?

There's gonna be a lot more discussion about this, just to let you know.

I will get very specific items to you because the process is very specific.

I assume we're gonna have to make decisions on that before we know about the we can't wait for federal buildings future to become clear before we pull the trigger.

No, we're jumping on it now.

Um, yeah.

And we haven't really talked about this, but is there a path in which we could combo a parking structure with affordable housing?

Yeah.

I mean, in in all reality, yes.

I mean, I it is I would say creative, especially with the extended height.

I just think affordable housing above parking is a slam dunk.

You already have giant concrete building.

Why not?

Yes.

I would say we're gonna need to be creative.

But as we've talked about for a long time, establishing a site seems like it's the first step, and we have not gotten to that step.

Oh, we maybe all right.

And sorry, Ellie, and you mentioned that there besides the federal building that there were some other parcels that might be included in expanding the ORD.

So if we're gonna go through that process, I mean, let's look at all the different things.

Yes, I mean, I don't wanna kabosh this for me because I really do want to have some some room for for budget discussions, but I will tell you the process for expanding the district or creating a new district with this expanded expanded um area.

The the crux of this is establishing blight.

By state statute, we have to establish three examples of blight.

And we just replaced sewer lines surrounding the federal building.

So this is just one example of maybe we need to look beyond just that site to really find um significant blight that we can not only build a parking garage on, but then attack some of the items of blight because in tune with an urban renewal district.

Yes, we want to expand and build parking there, but I think the expansion should be with the intention of also improving public infrastructure in the area we're expanding into.

Does that make sense?

Okay.

I'll keep you all updated.

It's gonna be a process, so nine months of this.

All right.

Um music on Maine.

Um, our DBA staff is getting updated or getting excited for that.

So um they'll be announcing our bands for the summer really soon.

If you haven't joined us, I really recommend um you join us for our um walk the block Mondays.

This is a new DBA program.

Um this is really supported and organized by DBA board members, not our DBA staff.

And it's really fun.

They meet at the Baxter Hotel.

I say they, I I come sometimes, and Amy's been helping.

Thank you so much for your involvement.

And um, the group goes to a different business every week.

Sometimes it has a bit of a theme.

Actually, Amy, why don't why don't you tell us about?

Yes.

Yeah.

It's a it's quick 30 minutes.

So everyone needs to get outside and get some fresh air.

Um, and then you get the opportunity to uh catch up with some people in the local area, and then uh we probably walk for about 10 minutes around downtown.

Um you see some trash, pick up some trash, you see some neighbors, say hi.

And then uh we visit a business that is a member of the DVA.

Um so you get a behind-the-scenes tour um of the business and get to know where they're successful, where they need some assistance, and um just create a little bit more uh one-on-one community.

Yeah, yeah, it's really it's been a really great thing, and I've learned um a lot of new things about businesses that I work with every other day.

So um check it out.

Check it out.

All right, I am going to move down to our downtown updates.

All right, just a few notable projects on here, and you guys we send this to you, of course, um, for you guys to keep updated, but I just want to indicate a couple that are maybe just in have the progress has changed or it's new.

Um, the Claire building over on Babcock, they're doing some facade work, so I'm not sure if you've noticed, but um it could use a little facade work, so it's kind of cool to see some work going on over there.

Uh block B, the Salvation Army site.

Um, again, Amy, you could you could probably give us a little bit more of an update, but we are um excited to see them doing the underground electrical work.

So um you guys have probably noticed a lot of work going on over there, and they are burying the electrical line.

So let's do it all over downtown.

But it's just um cool to see, and um lots of work is gonna ensue over there.

And um, and then the Baxter Hotel.

So um recent announcement that they will be doing a full um restoration of the property, turning it back into a hotel, and we're really excited to see the work.

So any questions about any of these things?

All right, let's see here.

Um again, just a couple notable items.

Let's see.

Um Trace Touros um used uh they're in Big Sky and they recently opened in the Shredmunt Monk space that was vacant for quite a bit of time.

So I'm excited to see that open.

Mocha recently moved and they are now open in their new space.

Um let's see, Lux Society is gonna move into Mocha's old space, and they were formerly downtown, then at the mall and back downtown.

Excited to see them come back.

And then one more little note, and that is um Tarantino's has made a name change.

So they're gonna be um pre-shift is the new name.

They've moved um from the corner of Rouse and Main Street to um just down in the Vino Petutie space and change their name.

So lots of cool new updates, but just a few notable items.

Okay.

Any questions?

ED report concerns, jump into budget.

We've got what 15 20 minutes.

We can do this, we could do this.

I will tell you not much has changed since the last time we looked at this.

Um, wait, let's do finance report first.

I do have a final um cash balance amount with our inner local confirmed amount there.

So um just wanted to indicate that.

I have not separated the interest out.

So I meant to email them before this meeting, and I just forgot, frankly.

So I will get that number, that interest amount out of that 3.5 for you guys the next time we meet.

Um a few minor expenses this uh last month.

Um the Alpine um lawn and the oak gardens, that is a fixed fence, and um planters for EHO Park.

Let's see, street furniture, sunshine lighting and languists, those are for um light bulb repairs.

So um sunshine lighting handles all the light bulbs in our pedestrian lights, and the 2,000 for langless is for I can't remember.

Oh, that's it, thank you.

That was for um the street lamp that was taken out that we are going to get reimbursed by the young man who did it, intoxicated.

All right, yep.

I have sent in that that um that information.

So we should get that money back, restitution, I guess you'd call it.

Um, let's see, and then the 24,000 is Lada Consultants for our parking position plan.

Any questions about the financial report?

All right, moving on.

Okay, I have some notes here, so I wanted to make sure that I had those available while we're reviewing the this.

All right, you guys, like I said, this is not much different than what we looked at, except for the fact that we do include a 28 graph, um, 28 draft.

I will tell you this is um approved 27 and 28 um by annual budgets specifically through um the city.

So we look at it two years in advance.

Um, keep in mind that the 28 budget is is pretty hard to determine.

It's essentially a an 8% increase on management fee, and then taking into account any encumbered um expenses and also increasing some of the other expenditures or reallocating funds based on projects.

So just think of that when you look at the 28 budget because it's just really hard to determine.

All right.

Um, so we're looking at essentially an 8% increase in the way of growth.

8% increase operations costs, keeping in mind that we do um pay the city of Bozeman for economic development operational support.

Thank you, David.

It's saving and um well, Jesse too, but she's currently on maternity leave.

So thank you, Jesse and David.

All right, moving down into infrastructure improvements.

Um, if you look at the purple line item, that is of course our projections.

I will just note that I am keeping keeping that projection of paid-out infrastructure improvements at that million.

We had a little bit of discussion about that at our last board meeting, and I just wanted to clear up anything, anything that we approved.

I'm keeping that at a million, assuming that maybe some of these infrastructure projects get done.

You know, we have quite a few months before the end of this fiscal year.

If they do not anything approved to our grant program, will be encumbered into fiscal year 27, but not included in the million listed in our budget.

Does that make sense?

Okay, just want to make sure that was very clear.

Let's see here.

Okay, I'm gonna make a rego.

Um again, 8% increase.

Um if you look at park improvements, I am putting that 100,000 there.

That is aspirational funding for Syrahtimus Park.

And the thought is if I go below into the planning, um, I reserved um park planning funds for planning Syroptimus Park and then doing it 28 aspirational.

All right.

Uh let's see here.

Um, 1.1 or the 1 million here.

Understood why that's 1 million, and that may change if we encumber funds through TIFF incentives.

And that may change if we encumber funds through TIFF incentives.

Um the wayfinding and parking signage again, starting the project, fiscal year, doing the finishing the project 28.

Yeah.

All right.

Um let's see, next item.

Um, alternative transportation projects.

Basically, same um concept here.

We have a relatively big project coming up through the curve extensions, Babcock and or BAFCOC Bozeman in Black, and then hopefully we can move into a second project, planning in fifth in 27, and then doing in 28.

Uh vice versa.

Doing in 27 and then kind of another plan in 28.

Moving down.

Um street furniture, streetscape improvements.

I think that's really just an ongoing program.

We just want to make sure we have funds for streetscape improvements and furniture and the things that we need.

And I think the need is growing, as you guys can see, um, but maybe not as aspirational as what we've maybe budgeted for in the past.

Always need to keep a little bit of dollars out for that those anchor repairs.

Street lamp project or the SILD.

I think the concept again is to have funds both for infrastructure improvement and planning.

I don't know how that looks very clearly right now.

All right, moving down, set TED Grant.

Um, just a little bit of growth in that art enhancement and SEPTED grant.

I think um I'd love to see that program increase specifically because it's probably our most popular grant, current grant of other than infrastructure, of course, if we give more money.

All right, moving in.

See, utility infrastructure planning.

Sorry, just so you're planning on having the 1.6 out in 2028.

Say that again.

The 20, the 1.6 is gone in 2028.

Yeah, oh, I'm sorry, I'll go too fast.

It oh no, 2027.

2027.

Yes.

Okay.

Yeah, so gone after 2027.

So gone by 2028.

And in here, and so that just to let you know, I did add here, right?

So this will now be seven if not used here.

So thought and thought and theory, that money with added with some, you know, aspirational additional funding.

So you're basically you're sort of an internalizing that that five million is spent, air quotes in 208.

And then that same budget line item is essentially refunded with the workhorse with the fire station funds.

Obviously, I don't know, dollars don't exactly line up, but functionally that's kind of what you're thinking.

I guess how I'm looking at this is here, it's allocated and likely not spent, and here it's seven million.

Yeah.

Yeah.

So seven million by twenty-eight.

Yeah.

Okay.

Yeah.

Um, so yeah, so that is kind of where that whole scenario goes, right?

And again, like if we conceptualize something that does potentially include some affordable housing, sure, factor.

Well, and that right, so that's why the hundred thousand in the residential incentive grant is still there.

Um, you know, whether it's a residential incentive grant or whether it's residential incentives.

Or if that one point six still stays in that basket, but yeah.

Could one yep okay, moving down?

Um, I think everybody's kind of catching on to the rest of this, so I don't think I need to necessarily go into anything other than the 100,000 in fiscal year um 28 for our downtown realm plan.

And I'll tell you, this I think is critical.

We are not, I think, going to get there in fiscal year 27, although we may be close and we may start to be able to plan for this, but we sunset in 2032.

We need an infrastructure downtown realm plan that essentially ties our downtown Bozeman improvement plan and our infrastructure needs before the sunset.

And um, I'm ready for it.

So does anyone have any questions about that specifically?

I mean, I think I think we just need to see options truly laid out for us.

I think we know a lot of our options.

I think we can top through some options, but I think that we can get there in a more form-wise fashion.

Good.

All right, any questions about this budget?

I will um clean out all kind of the the past information and really we will just look at 27 and 28 to approve um after we review our kind of final financial um report.

You guys want any more information in regards to the budget so that you can um approve accordingly in April.

Any needs, questions, concerns.

Question Ellie.

Please.

Uh do we want to include something for that um was it the United Way?

Those those two folks that came and presented for the um I think that's a question for like I think that's a question for Brit and or the city.

Is that gonna be an ongoing city supported project?

And if it's not, then they can come and ask and and know that they have our support.

Right.

Yeah, you know, I I will tell you, I'm I need to take a moment separate from right now to see if that would be an urban renewal district expense.

I need to get my head around that.

Can I bring that back?

It's certainly a citywide expense.

Yes.

Absolutely.

And and we've said we understand why we feel like it would be here.

I think it fits into the to the attracting investment in the downtown.

No.

But nobody has sp specifically asked us for it yet.

So I think until somebody does.

Yep.

Yeah.

You know, I think in the meantime, what I will do is I will connect back with Britt and ask him the the funding needs and and talk through that with him.

If there are some thoughts that they would come back and produce an ask, I want you all to be prepared budgetarily and you know, with information on what we're supporting and why.

Great.

All right.

Especially because there's one daycare downtown.

Exactly.

One.

It's a problem.

Yeah.

And it's super expensive.

It's very expensive.

The Alpine um, yep, it's yeah, right in the on that BAVCOC or Olive location.

And Emily is now um experiencing the daycare um situation, which is up on um Europe on Highland, right?

Yeah.

So hard.

All right.

I will we'll report back on that.

So thank you for that reminder, Nicholas.

That's great.

Okay, any other questions on the budget?

One small one.

Yes, but the Pedlet Park program stuff continuing.

I don't think that one carried over.

Yes, but it seems um to be very popular.

Sorry.

I do have some expense.

Um not infrastructure, because we have afforded infrastructure.

If you all feel like we want to explore that, we certainly can if we want to purchase additional Pedlet infrastructure.

Right now I only have Pedlet program funds.

Ooh, I I don't.

Thank you, Sky.

There was just good before.

I thought it was successful and worth continuing to invest in.

Yes.

Thank you.

Uh truly, that was overlooked just because we're kind of in the midst of it, and I may have accidentally moved around some dollars, frankly.

Um in my most recent example, I may have moved it back.

So I will report back on that.

But I appreciate your support, and I do believe it is a good program that should continue to work.

And has a great support from the business that we're working with.

I have a formatting question.

Can you scroll to the top real quick?

I was just thinking about this now, just make sure I'm reading this correctly.

Please.

So year to date, so those are encumbered or spent costs, correct?

Not so much the income, but the expenses.

Those are both encumbered and actual spent in the green in the green.

Yes.

So then year 26 projections, that is the encumbered plus what you're forecasting, correct?

So then if we look at a 27 draft, so like I guess what I'm imagining is this firehouse um parking idea that this piece is encumbered for this and this piece is encumbered for that.

Um is there value?

No, there's not.

So I'm thinking out loud.

Like, is there value in understanding what is planned fund versus like versus like there we have a home for it, or we're just planning to have a home for it?

Like, the way that I've looked at this, and I can organize it how you guys feel it is that there's two categories, encumbered and allocated.

Encumbered is actually encumbered funds.

We have approved grant funds, fire station one funds, you know, we have a essentially a residential approved grant that we're waiting to pay out.

Well, you've physically already spent it.

Encumbered.

We have essentially already spent that on the fire station one.

But that's over.

Right, right.

Um, but we have encumbered those.

Allocated to meet is we are planning that through priorities and budgeting, and that that could change.

So we prefer allocated.

Allocated.

But then there's a third that is the delta of those.

Right?

Because A plus B don't equal the total line items, A plus B, and then there's C, that's the funds we are not planning to spend in X calendar year that we plan on just carrying over the next calendar year.

But there's not very much of that because then if that existed, then that could just come and like you know, somebody could say like we're just gonna take it for something else.

It's more just a formatting piece as I read through this thinking about that parking piece.

And maybe maybe I should have asked this question two years ago.

Um I probably should have definitely asked this question two years ago.

But I'm just like, yeah, sorry.

Just reading the question.

Well, to your point, Jake, we're sitting right here, right?

Even after encumbered and allocated.

Yeah.

Right here.

Yeah.

Now I look at that, and I and I and I did make some kind of notes on this.

C that's exactly.

A plus B plus C.

Yeah.

Exactly.

Because that could be perceived as grabbable.

That could be perceived as well, we want to have that balance because we recognize that we're sunsetting in 2032, and we don't want to be at zero balance because we want to continue supporting projects even beyond the sunset.

So you know, there's allocated and then there's cash balance.

There's, you know, so and I'm not asking this as a line of question to do anything.

I just want to make sure I'm seeing your formatting the way I think I'm seeing it.

I am.

So and I will tell you when I see that number 3.3, I wonder if we should allocate further.

But that could be discussion for future.

Yeah.

Okay, thank you.

Okay, any other questions?

Okay.

Well, we can adjourn if you all are ready.

I don't have any other questions.

Jake.

All right, join the meeting.

Thanks, everybody.

Okay, thank you.

Thank you, Douglas.

Goodbye.