Loading...
Ordinance 1243 - Urban Renewal Plan - Downtown430 CERTIFICATE AS TO ORDINANCE AND ADOPTING VOTE I, the undersigned, being the duly qualified and acting recording officer of the City of Kalispell, Montana (the "City"), hereby certify that the attached ordinance is a true copy of a Ordinance entitled: "ORDINANCE RELATING TO THE MODIFICATION OF THE KALISPELL, MONTANA URBAN RENEWAL PLAN (THE URBAN RENEWAL PLAN) TO APPROVE CERTAIN PROJECTS AS URBAN RENEWAL PROJECTS° (the "Ordinance"), on file in the original records of the City in my legal custody; that the Ordinance was duly adopted on first reading by the City Council of the City at a regular meeting on July 1, 1996, and that the meeting was duly held by the City Council and was attended throughout by a quorum, pursuant to call and notice of such meeting given as required by law; and that the Ordinance has not as of the date hereof been amended or repealed. I further certify that, upon vote being taken on the Ordinance at said meeting, the following Council members voted in favor thereof: Cliff Collins, Jim Atkinson Pamela Kennedy, M. D one Larson. Douglas D. Rauthe ; voted against the same: a W. Nystul. Lauren GranmQ, Norbert F. Donahue,Dale Haarr ; abstained from voting thereon: or were absent: WITNESS my hand and seal officially this 17th day of ,duly, 1996. _ em City clerk o ncil I,filrther certify that the Ordinance was duly adopted on second reading, as amended, by the City Council of the City at a regular meeting on July 15th , 1996, and that the meeting was duly held by the City Council and was attended throughout by a quorum, pursuant to call and notice of such meeting given as required by law; and that the Ordinance has not as of the date hereof been amended or repealed. I further certify that, upon vote being taken on the Ordinance at said meeting, the following Council members voted in favor thereof: _ Cliff Collins, Jim Atkinson. Pamela Kennedy, M. Duane Larson, Douglas D. Rauthe ; voted against the same: —Gary W. N stul Lauren Granmo, Norbert F.-Donahue. Dale Haar -I- 1 77 4 M r abstained from voting thereon: or were absent: WITNESS my hand and seal officially this 17th day of July -, 1996. (SEAL) Djjjj� ��ff0 me City Clerk 6t Wuncil ORDINANCE NO. 1243 ORDINANCE RELATING TO THE MODIFICATION OF THE KALISPELL, MONTANA URBAN RENEWAL PLAN (THE URBAN RENEWAL PLAN) TO APPROVE CERTAIN PROJECTS AS URBAN RENEWAL PROJECTS BE IT ORDAINED by the City Council (the Council) of the City of Kalispell,Montana (the City), as follows: Section 1. Recitals. The City by Ordinance No. 933, passed and approved on September 10, 1979, adopted the Kalispell, Montana Downtown Redevelopment Plan (the Plan) as an urban renewal plan for the project area known as the Downtown Redevelopment Area which constitutes the City's Urban Renewal District (the District) pursuant to Montana Code Annotated, Title 7, Chapter 15, Parts 42 and 43, as amended (the Act), which Plan contained a provision for tax increment financing. Pursuant to the Act and the procedures contained in the Plan, and Resolution No. 4269, adopted June 3, 1996, the City has set forth its intention to issue and sell urban renewal tax increment bonds in an amount sufficient, but not to exceed $8,500,000 (the Bonds) to finance all or a portion of certain urban renewal projects and has undertaken to designate and approve the following urban renewal projects (the Projects), and modify the Plan accordingly, has given notice and conducted public hearings with respect thereto: 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 -2 43i .i 432 to cost $2,625,000, which will be financed from the proceeds of the Series 1996 Bonds. b. KDC Site (Kalispell Downtown Centeg) 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 $2,000,000, 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. Affordable Housing; Elimination of B 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. e. Downtown Parking. This project will consist of the acquisition of additional land for the construction of parking lots or a parking facility on parcels within the District to provide or facilitate the provision of adequate parking for projects or to encourage other private development within the District. The cost of this project is estimated to be $800,000, which will be financed from proceeds of the Series 1996 Bonds. f. Redevelopment Incentive Project. This project will enable the City to provide assistance to the owners of commercial properties in the District to encourage the redevelopment of underutilized or obsolete properties to increase the taxable value and create jobs. The assistance may take the form of acquisition and demolition of improvements, provision of infrastructure or other 8' appropriate incentives. The cost of this project is estimated to be $275,000, which will be financed from proceeds of the Series 1996 Bonds. Section 2. Eindings. The Council hereby finds, with respect to each of the Projects described in Section 1 hereof, as follows: a. a workable and feasible plan exists for making available adequate housing for any persons who may be displaced by the Projects; b. the Plan, as modified to include the Projects, conforms to the comprehensive plan or parts thereof of the City; C. the Plan, as modified to include the Projects, will afford maximum opportunity, consistent with the needs of the City as a whole, for the rehabilitation or redevelopment of the District by private enterprise; d. a sound and adequate financial program exists for the financing of each of the Projects, which program includes the sale and issuance by the City of its urban renewal tax increment bonds in an amount not to exceed the costs of the Projects and other Projects heretofore or hereafter approved by this Council, including administration costs and costs of .issuance of the bonds, and for the application of available funds in the Development Account in the Tax Increment Fund of the City, in proportions yet to be determined, for the purpose of financing all or a portion of the costs of the Projects as set forth above; and e. each of the Projects constitutes an urban renewal project within the meaning of the Act and the Plan. Section 3. The Urban Renewal Projects herein designated and approved may be modified by the City Council of the City of Kalispell if the Council determines by Resolution that an adjustment to a Project or Projects is required in the best interest of the City of Kalispell. Section 4. All actions of the City Council heretofore taken with respect to the Projects herein designated, to the extent not inconsistent herewith, are ratified and confirmed. Section 5. This Ordinance shall take effect from and after 30 days of its passage by the City Council and approval by the Mayor. Section 6. Approval of Projects. This Council hereby -4- 4 i4 approves, ratifies and confirms modification of the Plan to designate the Projects as urban renewal projects within and under and to be undertaken pursuant to the Plan, and the Projects are hereby approved. All actions of this Council heretofore taken with respect to the Projects, to the extent not inconsistent herewith, are hereby ratified and confirmed. PASSED, ADOPTED and APPROVED on first reading this 1st day of July 1996. PASSED, ADOPTED and APPROVED on second reading this �5 day of u - --- 1996. Attest: By:U!�� 0(ho— City Cle Council -5- CITY OF KALISPELL 1• 1 1 U