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Resolution 4365 - Kalispell Center Partners - KDC SiteRESOLUTION NO. 4365 A RESOLUTION AUTHORIZING THE SALE OF LOTS 1 THROUGH 14, BLOCK 36 AND LOTS 1 THROUGH 4 AND THE NORTHERLY 7" LOT 5, BLOCK 45, KALISPELL, FLATHEAD COUNTY, MONTANA, TO KALISPELL CENTER PARTNERS, A PARTNERSHIP, AND AUTHORIZING THE CITY MANAGER TO ENTER INTO A DEVELOPMENT AGREEMENT WITH KALISPELL CENTER PARTNERS. WHEREAS, the City of Kalispell, a municipal corporation, owns certain real property described as Lots 1 through 14, Block 36 and Lots 1 through 4 and the North 7" Lot 5, Block 45, Kalispell, Flathead County, Montana, and WHEREAS, by Ordinance No. 1065 the City Council established as projects the acquisition of property within the Downtown Redevelopment Plan Area for the purpose of eliminating blight and the creation of additional parking with the downtown area of Kalispell, and WHEREAS, pursuant to said Ordinance No. 1065 the City purchased the above described real property on October 14, 1988, and WHEREAS, on October 7, 1996, pursuant to an advertisement published in accordance with § 7-15-4263, MCA, the City accepted proposals for the purchase and redevelopment of said property, however, no proposals were received, and WHEREAS, on August 18, 1997, Kalispell Center Partners submitted a proposal for the purchase and redevelopment of said property for purposes consistent with the Downtown Redevelopment Plan, Ordinance No. 933, as amended, and WHEREAS, the City and Kalispell Center Partners desire to enter into negotiations on a Development Agreement which adequately addresses the obligation of Kalispell Center Partners to redevelop the property, and WHEREAS,. the City Council desires to sell said property to Kalispell Center Partners for redevelopment as specified in the Development Agreement, and WHEREAS, said property is not held in trust for a specific purpose and an election is not necessary to affect its.Bale, and j:lwp\irvin.wpd 1699 l WHEREAS, the Development Agreement shall in all respects comply with Ordinance No. 933, as amended and Ordinance No. 1065 and said sale will be in the best interest of the City of Kalispell and its inhabitants, and NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, AS FOLLOWS: SECTION I. That the Manager is hereby authorized to enter into negotiations with Kalispell Center Partners and reduce to writing a Development Agreement consistent with the Kalispell Downtown Redevelopment Plan, the Kalispell Downtown Center Offering Document, and the Redevelopment Proposal of Kalispell Center Partners. SECTION II. That upon review and approval of the Development Agreement by the City Council, the Mayor and City Clerk of Council are, hereby, authorized execute all legal documents necessary to transfer, by Grant Deed, all the City's right, title and interest in the property described as Lots 1 through 14, Block 36 and Lots 1 through 4 and the North 7" Lot 5, Block 45, Kalispell, Flathead County, Montana, to Kalispell Center Partners, said sale being contingent on receipt of the sum of not less than $419,495.00 less any amounts previously received. PASSED AND APPROVED BY THE CITY COUNCIL AND MAYOR OF THE CITY OF KALISPELL, THIS f6-� DAY OF SEPTSMBER, 1997. DOUG D. RAUTHE - MAYOR A test: n c Debbie i d, CMC Clerk of Council j:\wP\irwin.wpd