No recommendation is provided for the work session. 

South Billings Urban Renewal Association (SBURA) will present information regarding a proposed recreation campus at Amend Park and will be looking for direction from Council on whether or not to proceed with next steps, which would include issuing an RFP for design services, and possibly an RFP for the development site pads.

The parks and recreation department have attached a memo and presentation including draft operational costs and revenues.  Conservatively, we believe the facility will be fully operational within three fiscal years of opening.

No alternatives have been analyzed, as this is being presented during a work session, and no decisions will be made. If Council desires to proceed with an RFP for design services, a contract for these services would come back to council for approval at a future work session. However, if Council does not want staff to proceed with an RFP, clear direction is desired.

The information being provided was funded by the SBURA, from their annual administration fees. If Council directs staff to proceed with an RFP for design services, and later approves a contract with the selected consultant, those funds would be paid for from the City's South Billings Tax Increment Fund, not SBURA.

It should be expected that if the project moves forward beyond design, Tax Increment Revenue bonds will need to be issued for the project(s). The proposed concept envisions issuing ~$30M in bonds. This is likely the maximum amount that could be bonded within the district, meaning future projects would be small and infrequent.