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Downtown URD reports steady project spending; Bozeman Creek flood model, streetscape standard and 5th & Main lighting move toward design phase
Summary
Emily, a staff member, told the downtown partnership that Urban Renewal District (URD) revenue arrives unevenly and typically appears "at the very end of our fiscal year," meaning project cash flows can be lumpy.
Emily, a staff member, told the downtown partnership that Urban Renewal District (URD) revenue arrives unevenly and typically appears "at the very end of our fiscal year," meaning project cash flows can be lumpy.
The update outlined recent and upcoming expenditures: management fees for the downtown partnership; ongoing quarterly payments to Constructive Solutions for an alley project through April; street-furniture and park maintenance work; and small grants and mural payouts from the new CPTED enhancement grant program. Emily said the grant program already funded a mural behind the alley and a second mural paid to Bozeman Spirits (amounts reported in the meeting transcript as "5,004 or 10,002").
Why it matters: These project expenses and grant decisions feed into a draft…
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