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H12. Reso 5894 - Budget - BID AppropriationsCity of Kalispell Post Office Box 1997 - Kalispell, Montana 59903-1997 r Telephone (406) 758-7000 Fax - (406) 758-7758 MOIVT<�I N,4 REPORT TO: Doug Russell, City Manager 1/ FROM: Rick Wills, Finance Director SUBJECT: FY2019 Downtown Business Improvement District Appropriations MEETING DATE: August 20, 2018 BACKGROUND: The Business Improvement District budget request is for $147,183. The BID levy of 37.5 mills and the square footage assessment of $ .015 are the same tax and assessment rates as the previous year. The BID is a component unit of the City of Kalispell and City Council approval of the appropriations is required. RECOMMENDATION: It is recommended the City Council approve Resolution 5894 adopting the appropriations for the Downtown Business Improvement District. ATTACHMENTS: Resolution 5894, BID Annual Tax Levy and Assessment Return to: Kalispell City Clerk PO Box 1997 Kalispell, MT 59903 RESOLUTION NO. 5894 A RESOLUTION MAKING THE ANNUAL TAX LEVY FOR THE BUSINESS IMPROVEMENT DISTRICT (BID) OF KALISPELL, MONTANA, FOR THE FISCAL YEAR 2018-2019 AND LEVYING AN ASSESSMENT FOR THE BID FOR FISCAL 2018-2019. WHEREAS, the assessment cost of the Business District for the fiscal year 2018-2019 is estimated to be $41,385, and the levy revenue will generate $73,499 for a total of $114,884. WHEREAS, at a public hearing held on the 2nd day of July, 2018, the City Council did consider all objections made to said estimates and to the basis of levy and assessments for payment for said costs (included as part of the City of Kalispell budget). BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION 1. That there is hereby levied upon each and every dollar of the taxable valuation of the Business Improvement District of Kalispell, Montana, for the fiscal year 2018-2019, the following levy: BUSINESS IMPROVEMENT DISTRICT LEVY 37.5 MILLS SECTION 2. That there is hereby levied upon each and every dollar of the taxable valuation within the Business Improvement District of the City of Kalispell, Montana, for the fiscal year 2018-2019, the following assessment: ASSESSMENT .015 SQ. FOOT SECTION 3. That the annual appropriation for the Business Improvement District of the City of Kalispell, Montana are hereby fixed as follows: BUSINESS IMPROVEMENT DISTRICT $147,183 SECTION 4. The Business Improvement District Board of Directors is hereby authorized to transfer any part of an unencumbered balance of an appropriation to a purpose or object for which the appropriation for the current year is insufficient or to transfer betweens items appropriated within the fund. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL THIS 20TH DAY OF AUGUST, 2018. Mark Johnson Mayor ATTEST: Aimee Brunckhorst, CMC City Clerk