H1. Res. 6234, Request for TIF FundsCITY OF
KALISPELL
Development Services Department
201 lst Avenue East
Kalispell, MT 59901
Phone: (406) 758-7940
Fax: (406) 758-7739
www.kalispell.com/planning
REPORT TO: Doug Russell, City Manager
FROM: Nelson Loring, Community Development Manager
SUBJECT: KRD-24-03— Kalispell Business Improvement District Request for Tax
Increment Finance (TIF) Assistance for Technical Assistance Grant
MEETING DATE: December 2, 2024
BACKGROUND: The Kalispell Business Improvement District is requesting Technical Assistance
Grant funding for facade improvement projects, which are all eligible projects per the adopted City of
Kalispell Downtown and West Side -Core TIF Policies and State Urban Renewal Law. The Kalispell
Urban Renewal Agency (URA) held a meeting on November 20, 2024, to consider the request. At the
meeting staff recommended that the URA adopt staff report KRD-24-03 as findings of fact and
recommended to the Kalispell City Council that the Technical Assistance Grant be approved as presented.
URA discussion concluded that the funding of projects was appropriate and recommended them to the
Council for approval.
The Technical Assistant Grant is eligible for the following assistance related to fagade improvement:
• Architectural Design
• Engineering
• Fagade Design
• Preliminary Cost Estimates
The request totals $100,000 over 5 years ($20,000.00/year) with the following breakdown:
• Westside-Core Area:
o $5,000 per year for 5 years
Downtown:
o $15,000 per year for 5 years
RECOMMENDATION: It is recommended that the Council adopt Resolution 6234, a Resolution
authorizing the Kalispell Business Improvement District to utilize West Side - Core Area and
Downtown Tax Increment Financing for Technical Assistance related to fagade improvement.
FISCAL EFFECTS: The Westside-Core Area and Downtown TIF Districts would fund the
Technical Assistance as outlined above.
ALTERNATIVES: Deny the request.
ATTACHMENTS: Resolution 6234
Staff Report KRD-24-03
Application Materials
URA Minutes
Aimee Brunckhorst, Kalispell City Clerk
RESOLUTION NO. 6234
A RESOLUTION AUTHORIZING THE USE OF WEST SIDE - CORE AREA AND
DOWNTOWN TAX INCREMENT FINANCING FOR TECHNICAL ASSISTANCE
GRANT FUNDING FOR FACADE IMPROVEMENT PROJECTS.
WHEREAS, the City of Kalispell, Montana (the "City") is authorized by Montana Code
Annotated, Title 7, Chapter 15, Parts 42 and 43, as amended (the "Act"), to create
an urban renewal area, to undertake urban renewal projects therein, to provide for
the segregation and collection of tax increment with respect to property taxes
collected in the urban renewal area, to issue its bonds to pay the costs of such
projects and to pledge to the repayment of the bonds the tax increment derived from
the urban renewal area; and
WHEREAS, in accordance with the provisions of the Act, on December 17, 2012, Kalispell City
Council adopted the Core Area Plan as an amendment to the City of Kalispell
Growth Policy 2020 by Resolution No. 5601A, after duly mailed and published
notice and a public hearing and receipt of recommendations from the Kalispell City
Planning and Zoning Board, which certified that the Urban Renewal Plan conforms
to the general plan for the development of the City as a whole and the
comprehensive plan of the City for the area containing the Urban Renewal Area;
and
WHEREAS, City Council adopted the West Side Urban Renewal - Core Area plan by Ordinance
1717 (Original Ordinance 1259); and
WHEREAS, City Council adopted the Downtown Urban Renewal District by Ordinance 1816
on December 17, 2018, and the Downtown Urban Renewal Tax Increment District
by Ordinance 1820 on January 22, 2019; and
WHEREAS, on January 16, 2024, Council adopted Resolution 6180 adopting the Downtown
Kalispell and West Side Core Area Tax Increment Financing Assistance Program
providing guidelines for the purpose of offering monetary incentives for
development activities within the Urban Renewal Districts; and
WHEREAS, the Kalispell Business Improvement District has requested Tax Increment Finance
Assistance for Technical Assistance Grant Funding for Fagade Improvements; and
WHEREAS, an annual allocation of $20,000.00 of funds per year for five (5) years is requested
from the Downtown and West Side — Core Area Tax Increment Finance District for
the Grant Assistance Funding.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
SECTION 1. That the Technical Assistance Grant Funding on Exhibit "A", as requested
by the Business Improvement District, be funded by Tax Increment
Financing in the Downtown and Core Area.
SECTION 2. This Resolution shall become effective immediately upon its passage by the
City Council.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF
THE CITY OF KALISPELL, THIS 2ND DAY OF DECEMBER 2024.
ATTEST:
Aimee Brunckhorst, CMC
City Clerk
Mark Johnson
Mayor
EXHIBIT "A"
$100,000 over 5 years ($20,000.00/year) with the following breakdown:
• Westside-Core Area:
o $5,000 per year for 5 years
• Downtown:
o $15,000 per year for 5 years
For the following assistance related to fagade improvement:
• Architectural Design
• Engineering
• Fagade Design
• Preliminary Cost Estimates
STAFF REPORT KRD 24-03
BUSINESS IMPROVEMENT DISTRICT TECHNICAL ASSISTANCE GRANT
REQUEST FOR WEST SIDE -CORE AREA AND DOWNTOWN TIF ASSISTANCE
KALISPELL COMMUNITY DEVELOPMENT
NOVEMBER 20, 2024
This is a report to the Urban Renewal Agency and Kalispell City Council regarding a request
from the Kalispell Business Improvement District for Tax Increment Finance (TIF) assistance
from the Technical Assistance Program for facade renovations in the West Side -Core Area and
Downtown Tax Increment Finance Districts. The Urban Renewal Agency will forward a
recommendation to the Kalispell City Council for final action.
TIF Assistance Program Overview:
The Kalispell Business Improvement District is requesting Technical Assistance Grant funding
for fagade improvement projects within the West Side -Core Area and Downtown TIF Districts.
This report will analyze the proposal in accordance with state law and adopted city policies. In
December 2012, Kalispell City Council adopted the Core Area Plan as an amendment to the City
of Kalispell Growth Policy 2020 by Resolution No. 5601A. The Core Area Plan addresses needs
and priorities affecting redevelopment of the Core Area. Additionally, the Council adopted the
West Side Urban Renewal -Core Area plan by Ordinance 1717 (Original Ordinance 1259).
In December 2017, Kalispell City Council adopted the Downtown Plan as an amendment to the
City of Kalispell Growth Policy Plan -It 2035 by Resolution No. 5846A. The Downtown Plan
addresses needs and priorities affecting redevelopment of the downtown area. Subsequently, the
Kalispell City Council adopted the Downtown Kalispell Urban Renewal Plan in December 2018
by Ordinance 1816. The City of Kalispell utilizes a Tax Increment Finance District (TIFD)
within the urban renewal plan boundaries as part of the overall strategy to meet its needs of
eliminating blight, promoting economic development, improving area employment opportunities,
improving area housing opportunities, and expanding the community's tax base in addition to
other needs identified in the Montana Code Annotated.
The Kalispell City Council has also adopted a West Side — Core Area and Downtown TIF Assistance
program by Resolution 6180. The TIF Assistance Program was developed to support redevelopment
activity and advance the goals of both the West Side — Core Area and Downtown Plans. The
statements of policy within the TIF Assistance Program shall be utilized by the Urban Renewal
Agency (URA) whenever it gives recommendations to the City Council regarding project funding.
The West Side -Core Area and Downtown Kalispell TIFs are managed by the City of Kalispell
Urban Renewal Agency advisory to Kalispell City Council. In 2010, pursuant to City of Kalispell
Resolution 5435, an Urban Renewal Agency (hereafter referred to as "URA") was established for
the purpose of assisting the Kalispell City Council in evaluating and proposing TIF district plans
and projects. Implementation of the Downtown Kalispell Urban Renewal Plan and the Core Area
Plan includes the use of Tax Increment Financing as provided in 7-15-4282 through 7-15-4294
MCA within the Urban Renewal District boundaries.
Applicant: Kalispell Business Improvement District
PO BOX 1997
Kalispell, MT 59901
Proposed Project: The Kalispell Business Improvement District (BID) is requesting Technical
Assistance outlined within the West Side — Core Area and Downtown Tax Assistance Program to
implement professional services needed for businesses to utilize the Fagade Improvement
Program. The technical assistance would aid with professional services such as design,
engineering, and preliminary cost estimates needed to get a fagade improvement to the point
where a building permit application could be submitted. The Fagade Improvement Program is a
separate loan program for fagade projects, which would require design and engineering as part of
the fagade improvement process. The BID aims to assist four property owners each year with the
technical aspects that would be required to apply for the Fagade Improvement Program.
The BID is requesting a $20,000.00 technical assistance grant each year for five years. The
Technical Assistance Program allows for eligible applicants to receive up to $20,000.00. The
BID aims to assist four property owners each year ($5,000.00 each) with the technical aspects. In
total, the request would be $100,000.00 over a period of five years. Over the period of five years
the goal would be to assist 20 property owners. Further, the breakdown of the request would be
$15,000 from the Downtown TIF district and $5,000 from the West Side -Core TIF district per
year for the total $20,000.00 as the BID boundary overlaps both urban renewal districts.
This project is eligible for TIF funding under MCA 07-15-4233 (i) To improve, clear, or prepare
for redevelopment any real or personal property in an urban renewal area; and 7-15-4233 (m) To
prepare plans for carrying out a program of voluntary or compulsory repair and rehabilitation of
buildings and improvements. Eligible expenses for the Technical Assistance Program are
outlined in the West Side -Core and Downtown TIF policies:
• Architectural Design
• Engineering
• Landscape Design
• Fagade design
• Preliminary development review assistance
• Restoration guidance
• Renovation/reuse study
• Preliminary cost estimates
• Code analysis
• Landscape/hardscape design
This technical assistance application would cover costs such as the architectural design, facade
design, engineering, and preliminary cost estimates. All activities included in the request are
eligible expenses. The TIF funding would be limited to the West Side/Core Urban Renewal
District and the Downtown Urban Renewal District.
This project addresses the following goals within the West Side -Core Urban Renewal Plan:
The following goals are furthered through the Technical Assistance Program for fagade design
and engineering. This grant would create architectural connections within the Downtown and
West Side -Core area and help facilitate applications to the Facade Improvement Program through
the technical assistance provided.
• Chapter 2 Goals for our Future # 5: A functional, physical and architectural connection
between the traditional downtown and other surrounding neighborhoods and the Core
Area as appropriate.
• Chapter 4 Vision & Goals 910. Develop and fund a loan/grant program that offers
incentives to commercial property owners to improve/upgrade their properties.
a) Develop a revolving loan/grant program using TIF or other funding sources
I. Encourage fagade and exterior amenities improvements
11. Offer incentives for expansion and mixed use opportunities
III. Actively advertise and promote this program
The Downtown Plan Goals:
Business grants and loans for fagades are listed under TIF improvement projects in the
Downtown Plan. This request is not for a fagade grant or loan but does set out to provide the
technical assistance needed to apply for the TIF Fagade Improvement Program. The Technical
Assistance Program request for fagade improvement also furthers goals set in the downtown plan
by incentivizing historic fagade improvements through technical assistance. This incentive would
better enable other applicants to apply for the Fagade Improvement Program by providing
technical assistance that may otherwise be a financial and technical barrier to making needed
fagade improvements.
• Chapter 4, Implementation Goal 3(c) — Offer incentives to encourage historic facade and
exterior amenity improvements.
ANALYSIS:
The proposed facade improvement program is eligible for TIF financing under state Urban
Renewal Law, is permitted under both the West Side -Core TIF and Downtown TIF policy, and
facade improvements are a goal of both the Downtown Plan and the Core Area Plan. The
requested grant amount is within the Technical Assistance Program limit of $20,000. The request
is for five years of funding; each year would provide $20,000 in technical assistance with
$15,000.00 coming from the Downtown TIF and $5,000.00 coming from the West— Side Core
Area TIF. All facade improvements are subject to the applicable architecture review and building
department approval. The provided technical assistance will help facilitate facade improvement
in the Downtown and West Side -Core TIF districts.
CONCLUSION:
The proposed project does comply with the expressed intent and the goals, policies, and
recommendations of the West Side —Core Area Urban Renewal Plan, The Downtown Urban
Renewal Plan and the Technical Assistance Program Policies as outlined above.
RECOMMENDATION:
Staff recommends that the City of Kalispell Urban Renewal Agency adopt staff report KRD-24-
03 as findings of fact and recommended to the Kalispell City Council that the BID's technical
assistance for facade renovations be approved as provided.
ATTACHMENTS:
Application
Technical Assistance Program
West Side — Core Area Plan
The Downtown Plan
City of Kalispell
Downtown Urban Renewal District and Westside/Core Area Urban Renewal District Tax
Increment Financing (TIF) Application.
(Application must be completed in full and include all required documents attached)
APPLICANT INFORMATION
Name of Applicant: Kalispell Business Improvement District
Mailing Address: PO Box 1997 Kalispell, MT 59901
Phone number: 406-201-9255 E-Mail: info@downtownkalispell.com
PROJECT INFORMATION
Business Name: Kalispell Business Improvement District
Business/Project Physical Address: PO Box 1997
Kalispell, MT 59901
Business Insurance Co: USLI
Tax ID #: 81-6001281
Business Type (Corp, LLC, Partnership, etc.): N/A
Date business was formed: June 16, 2003
Date of property acquisition: N/A
Shareholders Name Address % Owned: N/A
*A current financial statement for each shareholder involved in the project may be required
as well as documentation of financial capacity. (This information will be kept confidential,
subject to challenge in a court of law.)
Description of business (product or service provided, etc.): Please see attached document.
Annual amount of property taxes: N/A
Current on all property taxes: N/A
No If no, explain circumstances: N/A
Employment:
Number of retained positions: _1 ; Full Time:_0_ Part Time:_1
Number of new positions to be created: 0__; Full Time:_0_ Part Time:_0
Average wage per hour: N/A
Provide a summary of the fringe benefits provided to employees: N/A
Attachment: Attach an Excel spreadsheet briefly listing and describing the job
classifications with the average wage noted by each job classification. Provide a schedule
of when the positions are anticipated to be created and filled.
Project Architectural Firm: See attached LOI
Contact:
Addres
Phone:
Project Contractor:_
Address:
Phone:
E-mail:
E-mail:
Has such contractor or architect ever failed to qualify as a responsible bidder, refused to
enter into a contract after an award has been made, or failed to complete a construction or
development contract within the last 10 years?
No Yes If yes, explain: N/A
STATEMENT OF QUALIFICATION AND FINANCIAL RESPONSIBILITY
Has the applicant or any individual or entity affiliated with the development of this project
been adjudged bankrupt, either voluntarily or involuntarily, within the past ten years?
No Yes if yes, list date, place, and under what name: N/A
Has the applicant or any individual or entity affiliated with the development of this project
been indicted for or convicted of any felony within the past 10 years?
No Yes if yes, list the date, charge, place, court and action taken for case: N/A
PROJECT EXPENSE WORKSHEET
Proposed project description:
Technical Assistance for Facade Renovations:
• Collaborate with local engineering firms to provide technical assistance to
downtown property owners.
• Assist in preparing and submitting applications for facade renovations that align
with the city's 2017 Downtown Plan and Tax Increment Financing (TIF) objectives.
• Ensure all projects adhere to building and public works code requirements.
Aesthetic and Economic Vitality:
• Enhance the visual appeal of the downtown TIF district.
• Boost economic vitality by creating a more attractive and inviting environment for
residents and visitors.
Business Competitiveness and Investment Attraction:
• Increase the competitiveness of existing downtown businesses.
• Attract new investors and businesses to the area through improved aesthetics and
infrastructure.
Revitalization of Underutilized or Vacant Properties:
• Support the transformation of underutilized or vacant properties within the
downtown TIF district.
• Encourage the redevelopment and productive use of these properties to stimulate
economic growth.
Proposed Construction/Rehabilitation Costs:
(If additional room is needed, provide an Excel sheet of expenses)
Explanation:_
Cost: $_
Explanation:_
Cost: $_
Explanation:_
Cost: $_
Explanation:_
Cost: $_
Explanation:_
Cost: $_
Explanation:_
Cost: $_
Architectural Design/Supervision: Cost: $
Permitting Fees: Cost: $
Additional Fees: Cost: $_
Additional Fees: Cost: $_
Total Project Expense: $
Attachment: Attach bids for each proposed project expense
Proposed project schedule with start date and completion date:
Start date: January 2025
Completion date: December 2030
PROJECT FINANCING WORKSHEET
Project Financial Lending Institution: N/A
Contact:
Address:
Phone: E-mail:—
Total Project Cost:
Land and building if recently purchased (5 years): $ N/A
Cash invested in recent improvements (5 years): N/A
Explanation:
Explanation:
Explanation:
Explanation:
Subtotal: $_
Total `Project Expense' from page 3: $_
Total Project Cost: $
Lender Commitments: N/A
(Include letters of credit or other documentation.)
Lender Loan Amount Interest
Term Payment/Period
yrs $_ /Month
yrs $_ /Month
TIF FUNDING REQUESTED
(Refer to appropriate Urban Renewal Plan—TIF District Policies for more information)
Public Impact Categories
Shared Utilities Extension
Sidewalk Improvement
Tree Placement/Replacement
Private Investment Categories
Loan Programs:
Fagade Improvement
Rehabilitation/Code Compliance
Grant Programs:
Historic Fagade Improvement
Site Preparation and Demolition
(Additional grant or loan dollars may be available through the Kalispell Brownfields Program)
X Technical Assistance
CERTIFICATION
I (we),
(please print),
certify that the statements and estimates within this application as well as any and all
documentation submitted as attachments to this application under separate cover are true
and correct to the best of my (our) knowledge and belief.
Name:
Signature:
Title:
Name:
Signature:
Title:
Date: Date:
Return to:
City of Kalispell Community & Economic Development Department
201 1 st Avenue East
Kalispell, MT 59901
406-758-7713
Required attachments:
• Excel spreadsheet briefly listing and describing the job classifications with the average
wage noted by each job classification. Provide a schedule of when the positions are
anticipated to be created and filled.
• Bids for each proposed project expense listed on page 3.
• Letters of commitment or documentation from any project lender commitment listed.
PO Box 1997
Kalispell, MT 59903
(406) 201.9255
The Kalispell Business Improvement District is submitting this technical assistance grant
application to secure funding from the Tax Increment Financing (TIF) program. This
funding will support downtown property owners in undertaking facade improvements.
The goal of this project is to enhance the aesthetic appeal and economic vitality of our
downtown area by providing financial assistance to property owners for facade
renovations throughout the five-year project plan that will align with Kalispell's 2017
Downtown Plan.
The downtown area of Kalispell is a vital component of the local economy, housing a
mix of retail, office, and residential spaces. However, a significant number of buildings in
this area require facade renovations to improve their appearance and functionality. The
City of Kalispell has developed the 2017 Downtown Plan that outlines a vision for
revitalizing the downtown area, and the Kalispell Business Improvement District will
amplify the current facade improvement programs as part of the revitalization process.
Many property owners are not aware of available resources and in some cases, do have
the time or financial means to undertake improvements on their own. This project aims
to address these challenges by providing funds for technical assistance to downtown
property owners. The requested grant funding will facilitate the design, engineering, and
application process for TIF funding to be used for facade improvements, ultimately
enhancing the overall appearance and attractiveness of the downtown area.
Kind regards,
Kisa Davison, Board Chair
Kalispell Business Improvement District
P.O. Box 1997
Kalispell, MT 59901
downtownkalispell.com info@downtownkalispell.com Kalispell Downtown Association & Kalispell Business Improvement District
PO Box 1997
Kalispell, MT 59903
(406) 201.9255
Letter of Intent Sr Process
2024 Tax Increment Funding Technical Assistance Application
The Kalispell Business Improvement District (KBID) intends to create a program to guide and assist
property owners to improve facades and redevelop properties within the downtown boundary.
To achieve the outlined goals of this program, the Kalispell Business Improvement District (KBID)
will:
• Establish the technical assistance program by working with local public relations and
marketing firms to clearly define the targeted messaging objectives outlining the program
and resources available for property owners within the boundaries of the BID and the
downtown westside TIF areas.
• Engage with local engineering firms by submitting a request for proposal to set a project
scope, price for engineering services, analysis, and TIF application development.
• Establish and maintain an application review committee and begin the process of
identifying eligible district properties and will work closely with district property owners to
achieve their facade improvement projects.
• Administer the program over the course of five years with a goal to reach no less than four
district property owners per year within both the Downtown and Westside TIF Districts.
Renewal of the program will be evaluated and extended every five years.
• Maintain its current Facade Improvement Grant Program annually at $5,000 per project,
two projects per year for a total of $10,000 in additional improvement opportunities within
the Downtown Business District.
• Dedicate volunteer efforts of the board of directors and provide a project stipend for staff
leadership to coordinate and execute the program goals.
Through this program, downtown property owners will be set up to access available TIF funding
and leverage their own resources to improve the downtown landscape, eliminate blight, and invest
in the economic development of downtown Kalispell.
Kind rega
Kisa vi and Chair
Kalispell usiness Improvement District
P.O. Box 1997
Kalispell, MT 59903
downtownkalispell.com info@downrownkalispell.com Kalispell Downtown Association €d Kalispell Business Improvement District
` � � PO Box 1997
A' NeF
"�"� �°OW° i Kalispell, MT 59903
L•- (406) 201.9255
Facade Improvement Program Goals
2024 Tax Increment Funding Technical Assistance Application
Providing Technical Assistance for Facade Renovations:
• Collaborate with local engineering firms to assist downtown property owners in
preparing and submitting applications for facade renovations that align with the
city's 2017 Downtown Plan and TIF objectives.
• Ensure all projects adhere to building and public works code requirements.
Enhancing Aesthetic and Economic Vitality:
• Improve the visual appeal of the downtown TIF district.
• Boost economic vitality by creating a more attractive and inviting environment
for residents and visitors.
Increasing Business Competitiveness and Attracting New Investments:
• Enhance the competitiveness of existing downtown businesses.
• Attract new investors and businesses to the area through improved aesthetics
and infrastructure.
Supporting the Revitalization of Underutilized or Vacant Properties:
• Transform underutilized or vacant properties within the downtown TIF district.
• Encourage redevelopment and productive use of these properties to stimulate
economic growth.
Kind regards,
6
KisPavison, oard Chair
Kalispell Business Improvement District
P.O. Box 1997
Kalispell, MT 59903
downtownkalispell.com info@downtownkalispell.com Kalispell Downtown Association & Kalispell Business Improvement District
PO Box 1997
Kalispell, MT 59903
(406) 201.9255
Program Budget
2024 Tax Increment Funding Technical Assistance Application
Program Engineering Services —Year 1
$20,000.00
(Downtown TIF $15,000 — Westside TIF $,5000)
Program Engineering Services — Year 2
$20,000.00
(Downtown TIF $15,000 — Westside TIF $,5000)
Program Engineering Services — Year 3
$20,000.00
(Downtown TIF $15,000 — Westside TIF $,5000)
Program Engineering Services —Year 4
$20,000.00
(Downtown TIF $15,000 — Westside TIF $,5000)
Program Engineering Services — Year 5
$20,000.00
(Downtown TIF $15,000 — Westside TIF $,5000)
Total Program Budget Application
$100,000.00
Kind regards,
Kisa Davison, Board Chair
Kalispell Business Improvement District
P.O. Box 1997
Kalispell, MT 59903
downtownkalispell.com info@downtownkalispell.com Kalispell Downtown Association & Kalispell Business Improvement District
City of Kalispell
ALISPELL Post Office Box 1997 -Kalispell, Montana 59903
Telephone: (406) 758-7701 Fax: (406) 758-7758
Meeting Summary
URBAN RENEWAL AGENCY BOARD
WEDNESDAY, NOVEMBER 20, 2024 —4 P.M.
AT CITY HALL, FIRST FLOOR CONFERENCE ROOM
AND VIA ZOOM
MEMBERS IN ATTENDANCE OTHERS IN ATTENDANCE
Marc Rold Jarod Nygren, Development Services Director
Mike Brodie (via PJ Sorensen, Assistant Development Services
Zoom) Director
Cara Lemire (via Nelson Loring, Community Development Manager
Zoom)
Kisa Davison, KBID chair
PUBLIC COMMENT
None.
PREVIOUS MEETING SUMMARY
June meeting summary accepted
TIF & TEDD
The Staff Report regarding the Kalispell Business Improvement District's Technical Assistance Grant
application was presented by Nelson. Request is the commitment of $20,000 per year for five years, $15,000
from the Downtown TIF and $5,000 per year from the West Side/Core area TIF. Kisa Davidson, chair of the
Business Improvement District Board, reiterated the proposal. Marc clarified that the TIF Assistance would be
subject to review after five years and that the funds would not roll over into the subsequent year if not
expended. Cara recused herself from the vote as she is a member of the Business Improvement District
Board. Marc moved to approve; Mike seconded the motion. The motion was approved 2-0.
Staff updated the URA on the Wye track project.
NEXT SCHEDULED MEETING
The Board's next meeting is scheduled for Wednesday, December 18, 2024, at 4 p.m.
Meeting adjourned.