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E2. Motion to Approve Amendment to FCEDA-City MOU regarding Gateway West AssetsCity of Kalispell Charles A. xarball Office of City Attorney City Attorney 201 First Avenue East P.O. Box 1997 Kalispell, MT 59903-1997 TO: FROM: SUBJECT: MEETING DATE: MEMORANDUM Doug Russell, City Manager Charles Harball, City Attorney Tel 406.758.7709 Fax 406.758.7758 charbaH@kalispell.com Motion to Approve an Amendment to the Memorandum of Understanding between the City of Kalispell and the Flathead County Economic Development Authority Regarding the Transfer of Gateway West Assets December 2, 2019 — Regular Council Meeting BACKGROUND: On June 24, 2013 the City of Kalispell transferred its' interests in the assets at Gateway West Mall (leased to Teletech) to the Flathead County Economic Development Authority (FCEDA). The real property described in the transfer included a portion of the parking lot utilized by Teletech employees. The parking lot portion of the transfer is now the subject of a purchase and sale agreement with a third party for the purposes of an apartment complex development and the City has been asked to release any interest it may have in that property. Although the City holds no security interests in the subject property, the MOU does deal with FCEDA sharing deficiency tax payments derived from the property with the City for the term of the Tax Increment District. Because the parking lot portion of the property is not factored into the beneficial use tax paid by Teletech, it is not an element of the deficiency tax payment formula. Further, the sale and development of the parking lot will have the effect of increasing increment within the District to the benefit of the District and to the furtherance of the goals of the City. The City therefore benefits from this transaction. RECOMMENDATION: It is recommended that the Council move to approve the offered amendment to the MOU and authorize Mayor Johnson to execute the document. Return to: Ogle, Worm & Travis, PLLP P.O. Box 899 Kalispell, MT 59903 FIRST AMENDMENT to INTERLOCAL AGREEMENT between THE CITY OF KALISPELL and THE FLATHEAD COUNTY ECONOMIC DEVELOPMENT AUTHORITY The CITY OF KALISPELL, hereinafler referred to as "the City", a municipal corporation duly formed and authorized pursuant to Montana state law and with business offices located at 201 First Avenue Fast, Kalispell, Montana, and the FLATHEAD COUNTY ECONOMIC DEVELOPMEN'T AUTHORITY, hereinafter referred to as "FCEDA" a corporate public body established pursuant to Montana state law and with business offices located at 314 Main Street, Kalispell, Montana hereby enter into agreement as set forth below. RECITALS WHEREAS, the parties hereto previously executed an Interlocal Agreement which was recorded June 24, 2013 as Document No.201300015321, records of Flathead County, Montana; and WHEREAS, the parties desire to amend said Interlocal Agreement as follows: NOW THEREFORE, for good and valuable consideration, the receipt of which is acknowledged, the parties do hereby agree as follows: 1. Said Interlocal Agreement shall hereafter apply only to the real property described on Exhibit "A" attached hereto and by this reference incorporated herein, including such furniture, fixtures and equipment as existed within the property and was list to TSC as of March 1, 2004. AMENDED INTERLOCAL AGREEMENT —Page 1 2. The remainder of said Interlocal Agreement shall remain in full force and effect, binding upon the parties as originally adopted, except as amended hereby. DATED this of October, 2019, CITY OF KALISPELL 0 STATE OF MONTANA ) :ss. County of Flathead ) , Mayor This instrument was acknowledged before me on this —___day of October, 2019, by , Mayor of CITY OF KALISPELL, a corporate public body established pursuant to Montana state law. Notary Public for the State of Montana FLATHEAD COUNTY ECONOMIC DEVELOPMENT AUTHORITY By: STATE OF MONTANA ) :ss. County of Flathead ) , Chairman This instrument was acknowledged before me on this day of October, 2019, by , Chairman of FLATHEAD COUNTY ECONOMIC DEVELOPMENT AUTHORITY, a corporate public body established pursuant to Montana state law. Notary Public for the State of Montana AMENDED INTERLOCAL AGREEMENT Page 2 EXIIIBIT "A" A TRACT OF LAND LOCATED IN A PORTION LOT IA OF PLAT OF GATEWAY COMMUNITY CENTER, BEING IN THE SE1/4 SECTION 12, TOWNSHIP 28 NORTH, RANGE 22 WEST, P.M. MONTANA, CITY OF KALISPELL, FLATHEAD COUNTY, MONTANA AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF LOT IA OF PLAT OF GATEWAY COMMUNITY CENTER, ALSO BEING THE SOUTHEAST CORNER OF LOT 2 OF THE PLAT OF WESTSIDE CCC; THENCE N 37050'59" W, 109.54 FEET ALONG THE EASTERLY LINE OF SAID LOT 2; THENCE N00°27'30" E, 309.88 FEET ALONG THE EAST LINE OF SAID LOT 2 TO THE SOUTHEAST CORNER OF LOT 2 OF AMENDED PLAT OF PORTION OF GATEWAY WEST ADDITION No. 34; THENCE N 00027'43" E, 419.85 FEET ALONG THE EAST LINE OF SAID LOT 2 TO THE SOUTHEAST CORNER OF THE CASCADE PROFESSIONAL CENTER CONDO; THENCE N 00°37'12" E, 355.04 FEET ALONG THE EAST LINE OF SAID CASCADE PROFESSIONAL CENTER CONDO TO THE NORTHEAST CORNER OF SAID CASCADE PROFESSIONAL CENTER CONDO, THENCE N 00037'57" E, 117.07 FEET ALONG THE EAST LINE OF FINANCIAL DRIVE; THENCE N 89°22'00" E. 214.77 FEET; THENCE N 00°01'36" W, 177.87 FEET; THENCE N89°58'24" E, 379.86 FEET TO THE WEST RIGHT-OF-WAY LINE OF GLENWOOD DRIVE; THENCE S 00°46'02"W, 1160.86 FEET ALONG SAID WEST RIGHT-OF-WAY LINE TO THE NORTHERLY RIGHT-OF-WAY LINE OF U.S. HIGHWAY 2: THENCE SOUTHWESTERLY ALONG A NON -TANGENT CURVE TO THE LEFT HAVING AN ARC LENGTH OF 29.09 FEET, RADIUS OF 1970.00 FEET, DELTA ANGLE OF 00050'46" AND RADIAL BEARING OF S 21017'11" E, ALONG THE NORTH RIGHT-OF-WAY LINE OF U.S. HIGHWAY 2; THENCE ALONG LOT 2 OF GATEWAY WEST SUBDIVISION UNIT No. 2 THE FOLLOWING FOUR (4) COURSES: 1) N 00°53'57" E, 85.99 FEET, 2) N 89°24'32" W, 314.87 FEET, 3) S 11°00'51" W, 43.38 FEET, 4) S 48-3611" E, 194.39 FEET TO THE NORTH RIGHT-OF-WAY LINE OF U.S. HIGHWAY 2; THENCE SOUTHWESTERLY ALONG A NON -TANGENT CURVE TO THE LEFT HAVING AN ARC LENGTH OF 383.37 FEET, RADIUS OF 1970.00 FEET, DELTA ANGLE OF 11 °09'00" AND RADIAL BEARING OF S 27046'48" E ALONG THE NORTH LINE OF U.S. HIGHWAY 2 TO THE POINT OF BEGINNING.