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H2. Reso 5906 - Intent to Create Downtown Urban Renewal Tax Increment Financing DistrictCity of Kalispell Charles A. Harball Office of City Attorney City Attorney 201 First Avenue East P.O. Box 1997 Kalispell, MT 59903-1997 TO: FROM: MEMORANDUM Doug Russell, City Manager V_ Charles Harball, City Attorney Tel 406.758.7709 Fax 406.758.7771 charball@kalispell.com SUBJECT: Resolution No. 5906 — A Resolution of Intent to Create a Downtown Urban Renewal Tax Increment Financing District as an Overlay to the Downtown Urban Renewal District MEETING DATE: December 17, 2018 — Regular Council Meeting BACKGROUND: On December 4, 2017, following many months of extensive interaction with the public, the Kalispell City Council adopted the Downtown Plan as an amendment to the City of Kalispell Growth Policy Plan -It 2035 by Resolution No. 5846. The adopted Downtown Plan identifies the City's overall mission to meet its needs of promoting economic development, improving area employment opportunities, improving area housing opportunities and expanding the community's tax base within the downtown area. It further identifies areas of blight within the downtown area that may be rehabilitated through replanning, removal of congestion, the provision of parks, playgrounds, and other public infrastructure improvements, and through encouraging voluntary rehabilitation. Finally, the Plan identifies the goal of creating a Downtown Urban Renewal District with a Tax Increment Finance District as an overlay for the purposes of constructing appropriate public infrastructure projects to invigorate the redevelopment of blighted conditions. Sixteen years ago, the Kalispell Downtown Urban Renewal District and the Tax Increment Financing District overlay statutorily sunset after 22 years of service during which substantial rehabilitation to public infrastructure and private investment in the District occurred. Since that time, significant commercial investment has been made outside of Downtown Kalispell. Additionally, the Westside Urban Renewal and Tax Increment Financing Districts have been expanded to the Core area and are now ripe for investment by new development. Because of the attractive investment opportunities outside of the downtown area and the blight that continues to be there, a significant likelihood exists that a deprivation of investment will continue in the downtown area, increasing blighted properties, decreasing property values and the community's tax base in that area. Memorandum for Resolution No. 5906 Resolution of Intent to Create a Downtown Urban Renewal Tax Increment Financing District December 17, 2018 Page - 2 Therefore, the Kalispell City Council passed Ordinance No.1816 establishing the Downtown Urban Renewal District on first reading on December 3, 2018 and will consider the Ordinance for second reading on December 17, 2018, which, if passed, will become law 30 days thereafter. This Resolution before the Council serves to give notice to the public of the Council's intent to consider creating a Tax Increment Financing District overlay to the Downtown Urban Renewal District for the purposes of providing funding to rehabilitate and improve public infrastructure within the Urban Renewal District in order to attract private investment. RECOMMENDATION: It is recommended that the Council consider and pass the offered resolution of intent to direct the City Clerk to give all required notices for a public hearing to be conducted on January 7, 2019 and to accept public comment on the proposal. ALTERNATIVES: Upon consideration of the proposal the Council may reject the resolution. Office of City Attorney City of Kalispell RESOLUTION NO.5906 A RESOLUTION OF INTENT TO CREATE AN URBAN RENEWAL TAX INCREMENT FINANCING DISTRICT TO OVERLAY ALL PROPERTIES WITHIN THE KALISPELL DOWNTOWN URBAN RENEWAL DISTRICT THAT ENCOMPASSES A PORTION OF DOWNTOWN KALISPELL, CALLING FOR A PUBLIC HEARING AND DIRECTING THE CITY CLERK TO GIVE NOTICE BY MAILING AND PUBLICATION PURSUANT TO STATE STATUTE. WHEREAS, on December 4, 2017, following many months of extensive interaction with the, public, the Kalispell City Council adopted the Downtown Plan as an amendment to the City of Kalispell Growth Policy Plan -It 2035 by Resolution No. 5846; and WHEREAS, the adopted Downtown Plan identifies the City's overall mission to meet its needs of promoting economic development, improving area employment opportunities, improving area housing opportunities and expanding the community's tax base within the downtown area; and WHEREAS, the Downtown Plan further identifies areas of blight within the downtown area that may be rehabilitated through replanning, removal of congestion, the provision of parks, playgrounds, and other public infrastructure improvements, and through encouraging voluntary rehabilitation; and WHEREAS, the Downtown Plan identifies the goal of creating a Downtown Urban Renewal District with a Tax Increment Finance District as an overlay for the purposes of constructing appropriate public infrastructure projects to invigorate the redevelopment of blighted conditions; and WHEREAS, sixteen years ago, the Kalispell Downtown Urban Renewal District and the Tax Increment Financing District overlay statutorily sunsetted after 22 years of service during which substantial rehabilitation to public infrastructure and private investment in the District occurred; and WHEREAS, since the time of the Kalispell Downtown Urban Renewal District and Tax Increment Financing District sun setting in 2002, significant commercial investment has been made outside of Downtown Kalispell; additionally, the Westside Urban Renewal and Tax Increment Financing Districts have been expanded to the Core area and are now ripe for investment by new development; and WHEREAS, because of the attractive investment opportunities outside of the downtown area and the blight that continues to be there, a significant likelihood exists that a deprivation of investment will continue in the downtown area, increasing blighted properties and decreasing property values and the community's tax base in that area; and WHEREAS, the Kalispell City Council passed Ordinance No. 1816 establishing the Downtown Urban Renewal District on first reading on December 3, 2018 and will consider the Ordinance for second reading on December 17, 2018, which, if passed, will become law 30 days thereafter. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: Section 1. Statement of Intent. It is the intent of the Kalispell City Council to consider creating an Urban Renewal Tax Increment Financing District within a portion of Downtown Kalispell as set forth in the map and plan attached as Exhibit "A", pursuant to the terms of MCA Title 7, Chapter 15, Part 42. Section 2. Public Hearing. On January 7, 2019, at 7:00 p.m., in the Council Chambers in the Kalispell City Hall, the City Council will conduct a public hearing on the establishment of an Urban Renewal Tax Financing District as described above. Section 3. Notice of Public Hearing, The City Clerk is hereby authorized and directed to provide Notice of the Public Hearing pursuant to the terms of MCA 7-15- 4215 in substantially the form attached hereto as "Exhibit B." PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 17TH DAY OF DECEMBER, 2018. Mark Johnson Mayor ATTEST: Aimee Brunckhorst, CMC City Clerk Exhibit "A" Downtown Kalispell Urban Renewal Plan Boundary The proposed Downtown Kalispell Urban Renewal Plan Boundary embraces a 95-acre area under multiple ownerships. The plan boundary has been the epicenter of business and social gathering since the city was created. Starting at the intersection of 3rd Avenue West and 1st Street the plan is bound by heading easterly on 1 st Street until 3rd Avenue East, thence southerly along 3rd Avenue East until the intersection with 4th Street, thence westerly along 4th Street until 2nd Avenue East, thence southerly along 2nd Avenue East until 5th Street, thence Westerly along 5th Street until 1 st Avenue East, thence southerly along 1 st Avenue East until 9th Street, thence westerly along 9th Street until 1 st Avenue West, thence northerly along 1 st Avenue West until 5th Street, thence westerly along 5th Street until 2nd Avenue West, thence northerly along 2nd Avenue West until 4th Street, thence westerly along 4th Street to 3rd Avenue West, thence northerly along 3rd Avenue West until the point of beginning, shown in the map below: The Downtown Kalispell Urban Renewal Plan 2018 is also included in Exhibit A. The plan is available at www.kalispell.com, under Department, Planning. EXHIBIT "B" CITY OF KALISPELL, MONTANA NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that the City Council (the "Council") of the City of Kalispell, Montana (the "City") will hold a public hearing on the proposal to establish an Urban Renewal Tax Increment Financing District within a portion of downtown Kalispell on January 7, 2019, at 7:00 p.m., at the Council Chambers in the Kalispell City Hall, 201 1st Avenue East, Kalispell, Montana. The proposal is contained within the Downtown Plan established as an amendment to the City of Kalispell Growth Policy Plan -It 2035 by Resolution No. 5846 on December 4, 2017. The Downtown Plan is available for download on the City of Kalispell website and accessed at: http://www.kalispell.com or may be acquired from the Office of City Clerk at the address stated below. Further information may be obtained from Aimee Brunckhorst, the City Clerk of the City, whose address is Kalispell City Hall, 201 I't Avenue East, Kalispell, Montana, and whose telephone number is (406) 758-7756. Any interested persons may appear and be heard at this scheduled public hearing or may file written comments with the City Clerk prior to such hearing. Dated this 17th day of December, 2018. BY ORDER OF THE CITY COUNCIL M Publication Dates: December 23, 2018 January 6, 2019 Aimee Brunckhorst, CMC City Clerk