Resolution 4198 - Authorize Sale of Lots - Woodland Court ProjectRESOLUTION NO. 4198
A RESOLUTION OF INTENTION TO SELL CERTAIN REAL PROPERTY OWNED BY
THE CITY OF KALISPELL.
WHEREAS, the City Council of the City of Kalispell
recognizes a need for affordable housing within
the City, and
WHEREAS, the creation of affording housing opportunities
has been established as a goal by the City, and
WHEREAS, the City of Kalispell, a municipal corporation
owns certain real property, to -wit: Lots 27, 28,
and 29, Greenacres Subdivision, Flathead County,
Montana, and
WHEREAS, the City has obtained preliminary plat approval on
said property to create 24 single family
residential lots on said property, and
WHEREAS, the City has applied for and received a Community
Development Block Grant in the amount of
$400,000.00 and a Montana Home Investment
Partnership Program in the amount of $400,000.00
and will use a portion of each grant to fund site
development and construction assistance to build
24 single family residences on said property, and
WHEREAS, the City intends to utilize the lots created and
improved to make property available to low income
first time home buyers meeting certain eligibility
requirements established by the Planning, Economic
and Community Development Department of the City
of Kalispell and lending institutions responsible
for providing construction financing, and
WHEREAS, the Montana Board of Housing has agreed to provide
up to $2,400,000.00 for the purpose of providing
permanent fiancing to qualified first time home
buyers, and
WHEREAS, the proposed project, because it is directed at
low income first time home buyers, will require
that individual lots be sold at less than the fair
market value, and
WHEREAS, the property is not held in trust by the City of
Kalispell for a specific purpose and therefore
does not require an election in order to authorize
its sale, and
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WHEREAS, the property is not necessary for the conduct of
City business nor for the preservation of property
owned by the City and it is in the best interest
of the City of Kalispell and its inhabitants to
sell said property to pre -qualified low income
first time home buyers as described herein.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL, MONTANA, AS FOLLOWS:
SECTION I. That it is the intention of the City Council
of the City of Kalispell to sell certain real
property to -wit: 24 lots created by the
resubdivision of Lots 27, 28 and 29,
Greenacres Subdivision, Flathead County,
Montana, according to the map or plat thereof
on file and of record in the office of the
Flathead County Clerk and Recorder.
SECTION II. That the City Council hereby establishes a
market price of $6000.00 per lot, only, for
persons qualified under eligibility
requirements established by the Planning,
Economic and Community Development
Department, subject to the approval of the
City Council.
SECTION III,. That the Planning, Economic and Community
Development Department is authorized and
directed to develop a marketing plan, subject
to the approval of the City Council, with the
objective of pre -qualifying low income first
time home buyers for participation in the
Montana Home Investment Partnership Program.
SECTION IV. That the proceeds of the sale of the lots,
authorized herein, shall be used to acquire
property to be used in providing up to 20
more units of low income housing for first
time home buyers within the City of
Kalispell.
PASSED AND APPROVED BY THE CITY COUNCIL AND MAYOR OF THE CITY OF
KALISPELL, THIS (9 DAY OF MARCH, 1995.
Dougl4fs D.. Rauthe, Mayor
Attest:a&&L� xl� 7k 1�
Ci�l cm(�_
Debbie G' d, tMC
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