Multi-Modal Transit Center at Taylor Street: Project Overview and Uses for the Upper Floors

1. Multi-Modal Transit Center at Taylor Street:Project Overview and Uses for the Upper Floors Public Forum October 16, 2013

2. Agenda • Welcome • History and Goals of the Project • Where we are Today • Input Needed • How could the upper floor development best serve downtown? • What would you like the building to look like? • Wrap-Up

3. Overview of Project • Bike Path connector • Pedestrian Bridge providing an important link between Main and Barre Streets and the bike path • Park at the location where the Winooski and North Branch Rivers meet • Multi-Modal Transit Center to include: • Welcome Center in partnership with the State • Upper floor development to be constructed and owned by a development partner

4. Purpose of the Project To increase the efficiency of public transportation in Montpelier, improve vehicular transportation efficiency and mobility, advance an important link between two existing bike paths, and create usable open and green space in downtown.

5. 2002 Bond Vote “To see if the voters will authorize the City Council to borrow a sum not to exceed $800,000 for the City’s share of the acquisition and development of the Capital District Master Plan Carr Project: the purchase of the so-called Carr Lot and the construction of improvements thereon for a park and/or public transit center and/or a tourist information/welcome center and/or a public parking lot and/or a transportation path.”

6. Funding Sources • 2002 Bond • Federal Transit Administration (FTA) – to build the Multi-Modal Transit Center • Federal Transportation (FHWA) – for site improvements and redevelopment of downtown • VTrans Enhancement Grant – for pedestrian bridge efforts

7. Site Parameters

8. Site Parameters

9. Site Parameters

10. Site Parameters

11. Site Parameters

12. Where we are today • Under agreement to procure the Carr Lot, TKS property, and the property at the Vermont Association for the Blind • In conversations to procure the properties from Mowatt Trust, Heney Family Trust and Capitol Plaza for portions of the bike path • Preliminary Plans completed for the Bike Path and Pedestrian Bridge • Request for Qualifications issued last week to secure a development partner

13. Timeline Goal: To initiate construction in the Fall of 2014 with facility complete and open in 2015.

14. Multi-Modal Transit Center Vision: the City (in collaboration with the State) will own and maintain the site and facility with the upper floors owned by a separate entity in a condo relationship. Development Goals: • Build a state-of-the art multi-modal transit center to serve the residents of Montpelier. • Leverage federal funds to encourage upper floor development thereby adding to the Grand List, increasing downtown vibrancy, and building a signature structure at this important City gateway. • Lead a transparent process that allows for resident feedback, innovative design, and maximize return for the taxpayers of Montpelier.

15. Multi-Modal Transit Center: Zoning Requirements • Carr Lot is in Central Business District I (CBI) • Current Zoning requires: • The building to be a minimum of 2 stories with development potential of a maximum of 6 stories. • Residential is allowed but may be limited due to cost, time and environmental constraints. • 1 parking space for every 400 ft2

16. Multi-Modal Transit Center: Parking Requirements * Parking replacement fees, offsite parking arrangements, and other creative solutions can help offset some of the on-site demand. Additionally, the multi-modal transportation hub for buses, bikes, and pedestrians may allow for creative solutions to the parking and zoning requirements. Note: The footprint of the building could be between 3,600 ft2 and 6,000 ft2.

17. Input Needed How could the upper floor development best serve downtown?

18. Input Needed What would you like the building to look like?

19. Wrap-Up Final Questions or Comments