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Consent   1.H.
Regular City Council Meeting
Meeting Date:
05/22/2017
TITLE
Tax Increment Funding for Pocket Park Construction at N. 27th and 3rd Ave. North
PRESENTED BY:
Bruce McCandless
Department:
City Hall Administration
Presentation:

PROBLEM/ISSUE STATEMENT

The northwest quadrant of North 27th Street and Third Avenue North is occupied by the First Congregational United Church of Christ (FCC), including a small green space on the church's north side.  The FCC and City agreed in 1978 to use this area as a waiting area for MET bus transfers.  Bushes, trees and outdoor seating were constructed and used until the City built its new transfer station on North 25th Street.  The area deteriorated over time and last year, the Business Improvement District (BID) and the church removed most of the improvements and ran power into the area.  The Downtown Billings Partnership (DBP) and BID would like to reconstruct the green space amenities and turn the area into a "pocket park."  The DBP Board is requesting that the City Council approve up to $200,000 for the pocket park's construction.   

ALTERNATIVES ANALYZED

City Council may approve up to $200,000 for a pocket park on Third Avenue North at North 27th Street, or it may disapprove the funding.  If the City Council denies funding, the DBP will have to search for other funding or abandon the project.
 

FINANCIAL IMPACT

The Downtown Tax Increment District Fund 203 has a current cash balance of $630,000, plus an estimated 2016 2nd half tax collection of about $1.1 million that the City will receive in June.

RECOMMENDATION

The DBP Board of Directors recommends that the City Council appropriate up to $200,000 for construction of a pocket park on the First Congregational United Church of Christ (FCC) property at North 27th Street and Third Avenue North.   

APPROVED BY CITY ADMINISTRATOR