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F08. Resolution 5731 - Special Maintenance District 1City of Kalispell Post Office Box 1997 - Kalispell, Montana 59903-1997 Telephone (406) 758-7000 Fax - (406) 758-7758 REPORT TO: Doug Russell, City Manager Y- FROM: Rick Wills, Finance Director SUBJECT: FY2016 Budget - Special Maintenance District #1 (Streets) MEETING DATE: August 17, 2015 BACKGROUND: The Special Maintenance District #1 Assessment resolution is approved annually to provide a levy to fund the costs of the City's Street Maintenance. On August 19, 2013, the City Council passed Resolution 5636 establishing a 5-year adjustment program to the Special Maintenance District #1 Assessment. For fiscal year 2016, in accordance with Resolution 5636, staff is recommending the following increases; to $0.015821/sq. ft., an increase of $0.001035/sq. ft. for category 1 (vacant land up to 2 acres), and category 2 (residential land up to 1/2 acre); to $0.023343/sq. ft., an increase of $0.001527/sq. ft. for category 3 (commercial/up to 90% covered); and to $0.024599/sq. ft., an increase of $0.001609/sq. ft. for category 4 (commercial/100% covered). Category 1, vacant land over 2 acres is capped at $1,378.35. Category 2, residential land over 1/2 acre is capped at $344.59. RECOMMENDATION: It is recommended the City Council approve Resolution 5731 adopting the assessment for Special Maintenance District #l. FISCAL EFFECTS: Anticipated revenue to be generated by the assessment is $2,300,000. ATTACHMENTS: Resolution 5731, Special Maintenance District #1 RESOLUTION NO.5731 A RESOLUTION LEVYING AN ASSESSMENT FOR THE COST OF SPECIAL MAINTENANCE FOR THE PURPOSE OF MAINTAINING THE STREETS AND AVENUES OF THE CITY OF KALISPELL FOR THE FISCAL YEAR 2015-2016. WHEREAS, the assessment cost of the Special Maintenance District #1 for the fiscal year 2015- 2016 is estimated to be $2,300,000.00, and WHEREAS, at a public hearing held on the 6th day of July, 2015, the City Council did consider all objections made to said estimate and to the basis of the levy and assessment for payment for said cost. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, MONTANA: SECTION 1. That the cost of expenses of maintaining the streets, avenues, alleys and public roads and the costs of traffic sign and signal maintenance shall be assessed against each lot or parcel with the Special Maintenance District No. 1 as set out in Ordinance 1475. The rates for 2015-2016 are as follows: Category 1. (Residential) $0.015821/sq.ft. Vacant land up to 2 acres Vacant land over 2 acres $1,378.35 maximum Category 2. $0.015821/sq.ft. Residential land up to 1/2 acre Residential land over 1/2 acre $344.59 maximum Category 3. $0.023343/sq.ft. Commercial (non residential) up to 90% covered Category 4. $0.024599/sq.ft. Commercial 100% covered Public and private parklands, as defined by Kalispell City Code 28-3-19, and cemeteries shall be exempt from the assessment. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL THIS 17TH DAY OF AUGUST, 2015. Mark Johnson Mayor ATTEST: Judi Funk Deputy City Clerk