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Resolution 4269 - Intent to Create Urban Renewal Downtown Project334 RESOLUTION NO. 4269 RESOLUTION CALLING A PUBLIC HEARING ON A PROPOSED MODIFICATION OF THE KALISPELL, MONTANA URBAN RENEWAL PLAN TO APPROVE CERTAIN PROJECTS AS URBAN RENEWAL PROJECTS BE IT RESOLVED by the City Council (the Council) of the City of Kalispell, Montana (the City), as follows: Section 1. A public hearing is hereby called and shall be held on July 1, 1996 at 7:00 p.m. in the Council chambers on the proposed modification of the Kalispell, Montana Urban Renewal Plan. It is anticipated that the City will issue its Tax Increment Urban Renewal Bonds in an amount sufficient to fund each of the above described Projects, but not to exceed $12,500,000 (the Bonds). The Bonds will be payable from the tax increment collected within the Urban Renewal District. The proposed modification is the approval of the following projects as Urban Renewal Projects: a. Kalispell Center Mall. This project consists of the acquisition of real property, the clearance of improvements thereon, construction of certain public utilities and related relocation activities, all to make such property available for expansion of the Kalispell Center Mall. The project is estimated to cost $2,624,693, which will be financed from the proceeds of the Series 1996 Bonds. b. KDC Si (Kalispell Downtown enter Develol2ment. This project consists of the acquisition of certain real property, and related demolition and site work including public improvements to make the property available for private development for uses consistent with the Plan. The project is estimated to cost $4,000,000, which will be financed from the proceeds of the Series 1996 Bonds. C. Central SchoQl Prgiect. This project consists of the renovation and rehabilitation of the old Central School building. The building could be used for multi -purpose community and educational facilities, along with offices and museum space. The total cost of this project is estimated to be $2,500,000, which will be financed from the proceeds of the Series 1996 Bonds. d. Improvements to Buildin - Scho 1 Distri #5. This project consists of improvements for School District #5 facilities at Elrod, Linderman and Flathead High School. These projects would benefit the entire community through improvements to the gym and auditorium at Flathead High School, upgrading playground equipment to ADA standards, and sidewalk -1- 335 replacement. The project is estimated to cost $670,000, which will be financed from the proceeds of the Series 1996 Bonds. e. Affordable Housing: Elimination of Blight. This project is a Private Multi -Family Housing Density Development Incentive Program designed to enable the City to: (1) offer incentives to both existing property owners and private developers desiring to purchase substandard dwellings occupying large lots with the Urban Renewal Project Area and replace the substandard single family units with higher density affordable multi -family housing; (2) purchase substandard dwellings when they become available and vacant, particularly if the site would accommodate multiple dwelling units, clear the property and resell it to developers willing to build multi -family housing; and (3) to provide the necessary incentives to encourage high density affordable housing redevelopment of sites that may become developable and/or affordable because of fire or other circumstances. The cast of this project is estimated to be $300,000, which will be financed from proceeds of the Series 1996 Bonds. f. Downtown Parking. This project consists of acquiring land and/or construction of a parking structure on nearby sites (acquisition of the easterly 1 /2 of Block 37) to provide additional off-street parking to encourage the highest and best use with greater densities on the Kalispell Development Center site and reuse of Central School in order to encourage the highest and best use in terms of density and tax yield of both Central School and the Kalispell Development Center site. The estimated cost of the project is $800,000, which will be financed from proceeds of the Series 1996 Bonds. g. 3rd Street East/Conrad Mansion to Hockaday Cpnnection. This project consists of improving the streets and sidewalks continuing the theme of linking Downtown with Depot and Woodland Parks, parking lots, and community cultural resources (i.e., Chamber, Library, City Hall, Hockaday, Conrad Mansion and Central School). Improvements would include replacing heaved sidewalks, providing benches, storm drainage, handicap curb cuts at the comers, antique lights, and potential additional (angle) on - street parking. The cost of the project is estimated to be $90,000, which will be financed from proceeds of the Series 1996 Bonds. h. City Hall Improvements. This project consists of the conversion of the old motorcycle garage into a space large enough to accommodate regular sized vehicles. The enlarged garage area will allow for multiple uses by the Police Department. Other items in this project include repainting the exterior, and constructing a connection between City Hall and the annex. The cost of the project is estimated to be $100,000, which will be financed from proceeds of the Series 1996 Bonds. 1 336 s i. West Railroad Street. This project consists of the construction of the West Railroad street between 6th Ave W.N. and 8th Ave W.N. and installation of water, storm drainage and sanitary sewer improvements which will complete the extension of the street to 5th Ave W.N. and provide access to an isolated industrial area prime for redevelopment. The cost of the project is estimated to be $125,000, which will be financed from proceeds of the series 1996 Bonds. j. Market Place III Project. The project will consist of certain acquisition and demolition activities at the site located between Center Street and the railroad right-of-way/1st Ave East and 3rd Ave East. The purpose of this project is to encourage existing or future property owners of portions of the site to redevelop the area to its highest and best use. Estimated cost of the project is $275,000, which will be financed from the proceeds of --fie Series 1996 Bonds. Section 2. Notice of the public hearing shall be published in the Daily Inter Lake on June 10, 1996 and June 17, 1996 in substantially the form attached as Exhibit A hereto. PASSED this s3'2dday of June, 1996. Attest: LL306L, 1�4W' /% C- City Clerk of 1 -3- I Ir 1111 f17MI0,101,1011-0 . l 1 1 1 _f 133 1 EXHIBIT A NOTICE OF PUBLIC HEARING ON MODIFICATION OF THE KALISPELL, MONTANA URBAN RENEWAL PLAN (THE URBAN RENEWAL PLAN) TO APPROVE CERTAIN PROJECTS AS URBAN RENEWAL PROJECTS 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 Modification of the Kalispell, Montana Urban Renewal Plan (the Urban Renewal Plan) on July 1, 1996 at .a.m/p.m., M.T., at the Council Chambers in the Kalispell City Hall, Kalispell, Montana. It is proposed that the City will issue and sell its urban renewal tax increment bonds (the Bonds) in an amount sufficient, but not to exceed $12,500,000, to fund all or a portion of the projects as hereinafter described, if the modification of the Urban Renewal Plan is approved. The proposed modification is the approval of the following described projects as Urban Renewal Projects: a. Kalispell CThis project consists of the acquisition of real property, the clearance of improvements thereon, construction of certain public utilities and related relocation activities, all to make such property available for expansion of the Kalispell Center Mall. The project is estimated to cost $2,624,693, which will be financed from the proceeds of the Series 1996 Bonds. b. KDC Site (Kalispell_ D-Qw-Wtown Center) Development. This project consists of the acquisition of certain real property, and related demolition and site work including public improvements to make the property available for private development for uses consistent with the Plan. The project is estimated to cost $4,000,000, which will be financed from the proceeds of the Series 1996 Bonds. C. Central School Project. This project consists of the renovation and rehabilitation of the old Central School building. The building could be used for multi -purpose community and educational facilities, along with offices and museum space. The total cost of this project is estimated to be $2,500,000, which will be financed from the proceeds of the Series 1996 Bonds. d. Improvements to Buildings - School District #5. This project consists of improvements for School District #5 facilities at Elrod, Linderman and Flathead High School. These projects would benefit the entire community through improvements to the gym and auditorium at Flathead High School, upgrading playground equipment to ADA standards, and sidewalk �.. �.. a. 338 replacement. The project is estimated to cost $670,000, which will be financed from the proceeds of the Series 1996 Bonds. e. Affordable Housing: Elimination of Blight. This project is a Private Multi -Family Housing Density Development Incentive Program designed to enable the City to: (1) offer incentives to both existing property owners and private developers desiring to purchase substandard dwellings occupying large lots with the Urban Renewal Project Area and replace the substandard single family units with higher density affordable multi -family housing; (2) purchase substandard dwellings when they become available and vacant, particularly if the site would accommodate multiple dwelling units, clear the property and resell it to developers willing to build multi -family housing; and (3) to provide the necessary incentives to encourage high density affordable housing redevelopment of sites that may become developable and/or affordable because of fire or other circumstances. The cost of this project is estimated to be $300,000, which will be financed from proceeds of the Series 1996 Bonds. f. Downtown Parking. This project consists of acquiring land and/or construction of a parking structure on nearby sites (acquisition of the easterly 1/2 of Block 37) to provide additional off-street parking to encourage the highest and best use with greater densities on the Kalispell Development Center site and re -use of Central School in order to encourage the highest and best use in terms of density and tax yield of both Central School and the Kalispell Development Center site. The estimated cost of the project is $800,000, which will be financed from proceeds of the Series 1996 Bonds. g. 3rd Street East/Conrad Mansion to Hockaday Cpraection. This project consists of improving the streets and sidewalks continuing the theme of linking Downtown with Depot and Woodland Parks, parking lots, and community cultural resources (i.e., Chamber, Library, City Hall, Hockaday, Conrad Mansion and Central School). Improvements would include replacing heaved sidewalks, providing benches, storm drainage, handicap curb cuts at the corners, antique lights, and potential additional (angle) on - street parking. The cost of the project is estimated to be $90,000, which will be financed from proceeds of the Series 1996 Bonds. h. City Hall Improvements. This project consists of the conversion of the old motorcycle garage into a space large enough to accommodate regular sized vehicles. The enlarged garage area will allow for multiple uses by the Police Department. Other items in this project include repainting the exterior, and constructing a connection between City Hall and the annex. The cost of the project is estimated to be $100,000, which will be financed from proceeds of the Series 1996 Bonds. 2 1 3- 3 �9 7 �J 1 i. West Railroad Street. This project consists of the construction of the West Railroad street between 6th Ave W.N. and 8th Ave W.N. and installation of water, storm drainage and sanitary sewer improvements which will complete the extension of the street to 5th Ave W.N. and provide access to an isolated industrial area prime for redevelopment. The cost of the project is estimated to be $125,000, which will be financed from proceeds of the series 1996 Bonds. j. Market Place III Project. The project will consist of certain acquisition and demolition activities at the site located between Center Street and the railroad right-of-way/1st Ave East and 3rd Ave East. The purpose of this project is to encourage existing or future property owners of portions of the site to redevelop the area to its highest and best use. Estimated cost of the project is $275,000, which will be financed from the proceeds of.the Series 1996 Bonds. Any interested persons may appear and will be heard or may file written comments with the City Clerk prior to such hearing. Dated: Publication Dates: 1996 .1996 iYh 1996. -3- Mayor City Clerk of Council 75