Resolution 3363 - Pledge re Public Parking Revenuei�48:
RESOLUTION NO. 3363
A RESOLUTION TO PLEDGE ALL PUBLIC PARKING REVENUE FROM "EAGLES LOT`
AND OTHER PARKING AREAS WITHIN SPECIAL PARKING MAINTENANCE DISTRICT
NO. 1 AND STATING COUNCIL WILL DESIGNATE EQUITABLE PORTIONS OF PUB -
LTC PARKING REVENUE FROM OTHER AREAS TO PAY TOWARD PURCHASE PRICE
INSTALLMENTS ON "EAGLES LOT" AND REMAINDER TO REVENUES OF SPECIAL
PARKING MAINTENANCE DISTRICT NO. 1, IF CREATED, PLEDGING "EAGLES LOT"
TO PUBLIC PARKING.
WITNESSETH:
WHEREAS, the city has been committed to purchase lots 17, 18,
19, 20, 21, 22, 23 and 24 of Block 46 to Kalispell, known as "Eagles
Lot" for public off-street auto parking purposes; and it was origin-
ally intended that the purchase price of said lots would be paid from
the sale of Bonds through a Special Improvement District formed for
that purpose, but, due to protests made against it, said Special Im-
provement District was not created; and it is to the best interests
of the city that said "Eagles Lot" be retained and paid from some
other source but sources therefor are very limited; and
WHEREAS, there is now in the process of creation, Special Park-
ing Maintenance.District No. 1 for the purpose of funding the net
costs of maintenance, operation, repairs and improvement of said
"Eagles Lot"sand the annual payments of the City for the purchase price
of said "Eagles Lot" should and will be considered part of the oper-
ating costs of said lot; and
WHEREAS, the establishment of said "Eagles Lot" is of primary
benefit to the area included within the said Special Parking Mainten-
ance District No. 1, and of substantial benefit to other portions of
the Downtown Redevelopment Area, it is proper that the parking rev-
enue of the city from said District and the Downtown Redevelopment
Area should be allocated and pledged by the City toward the payment
of said purchase price;
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF KALISPELL, AS FOLLOWSz
1) All revenues accruing to the City from rental of auto spaces
on said "Eagles Lot" for any purpose are pledged first toward pay-
ment of the regular payments due on the purchase price commitment of
the City for the properties comprising said lots until same is paid
in full;and any remaining revenues therefrom,until the purchase price
is paid,and all revenues derived thereafter shall be then paid to
the annual income of the said Special Parking Maintenance District
No. 1 should same be created. If Special Parking Maintenance Dis-
trict No. 1 is not created, the Council will appropriate any such sur-
plus revenue to further reduce any unpaid purchase price or to the
General Fund.
2) All other revenues accruing to the City from on -street park-
ing or as the City°s share of other public off-street parking lots
operated by the city within the boundaries of said Special Parking
Maintenance District No. 1, if created, is hereby pledged and allo-
cated in the same manner as set forth in Paragraph 1, above.
3) The City Council will on an annual basis determine and allo-
cate the percentage of city revenues from other on -street parking
sources and off-street parking sources that is equitable for applica-
tion towards any unpaid balance of the purchase price of said "Eagles
Lot" and toward:, the revenues of Special Parking Maintenance District
No. 1.
4) The City Council commits and pledges the said "Eagles Lot"
will be used for public off --street automobile parking purposes for
as long as it.is reasonably necessary for such purpose, and no change
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in such use will be made unless and until a Public Hearing is Noticed
and held thereon and the Council then finds it in the best interest
of the City that such use be changed. Under any circumstance the
City will be bound by any contract or agreement it may have with any
agency of the United States Government as a result of any loan or
grant therefrom assisting the City in the development of said "Eagles
Lot" as a public parking lot.
PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AND APPROVED
BY THE MAYOR THIS 10th DAY OF August ' , 1981.
ATTEST:
Mari ie Giermann, City Clerk
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Norma E. Happ, Mayor
I, the undersigned, City Clerk of the City of Kalispell certify that the foregoing is a true
copy of the Resolution passed by the City Council of the City of Kalispell, Montana at a
regular meeting held d /q9/ .
City Cle of the City of Kalispell