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Lewistown approves Snowy Mountain Development contracts to administer 2026 TED and TIF districts
Summary
The City Commission authorized one-year administrative agreements with Snowy Mountain Development Corporation to run targeted economic development (TED) and tax increment finance (TIF) district administration for 2026, with a slight fee increase; motions passed by roll-call votes.
The Lewistown City Commission voted to authorize one-year administrative agreements with Snowy Mountain Development Corporation to manage the 2026 targeted economic development (TED) district and the 2026 tax increment finance (TIF) district and authorized the city manager to sign both agreements.
City Manager Holly Phelps said Snowy Mountain Development has handled administration, notices and applicant coordination for these districts and that the contracts contain a only slight increase. Commissioners discussed whether the agreements could be structured for multi-year terms with CPI adjustments; staff said the one-year contract was standard but could be renegotiated on mutual consent.
Commissioners approved the TED administration agreement by roll call; the record shows affirmative votes by Commissioners Bowser, Bueller (as recorded in the roll call), Day, Hewitt, Shaver and Warren. They later approved the TIF administration agreement by a separate roll call with the same affirmative pattern. Staff said additional, separate revolving loan application fees can occur only when loan applications trigger those processes; the administrative agreements cover day-to-day management.
The agreements are calendar-year contracts that the city manager will sign if the commission's authorization is filed.
