Resolution 3551 - Tax Increment Funds for Public Utilities - Mall Projectlu
RESOLUTION NO. 35fl
A RESOLUTION AMENDING RESOLUTION NO. 3529 AND RESOLUTION NO. 3535,
PLEDGING TAX INCREMENT FUNDS OF THE CITY OF KALISPELL FOR THE DESIGN,
CONSTRUCTION AND INSTALLATION OF DESIGNATED PUBLIC UTILITIES NECES-
SARY AS A RESULT OF THE CONSTRUCTION OF THE KALISPELL CENTER,
LTD.; AND DESIGNATING SAID PLEDGED FUNDS FOR USE ONLY IN ASSOCIATION
WITH DESIGNATED PROJECTS.
WHEREAS, the City of Kalispell has undertaken the revitalization of its project
area through the Kalispell Downtown Redevelopment Project; and
WHEREAS, a development known as the Kalispell Center, Ltd., has been
proposed for the Kalispell Downtown Redevelopment District; and
WHEREAS, the United States Department of Housing and Urban Development
has awarded the City of Kalispell an Urban Development Action Grant under §119
of the Housing and Community Development Act of 1974, to assist in funding the
construction of 171,000 square feet of shopping mall and 134 room hotel and
restaurant located within the Kalispell Downtown Redevelopment District; and
WHEREAS, the Kalispell Center, Ltd., has agreed to construct the shopping
mall and hotel at an estimated minimum private expense of Fourteen Million, One
Hundred Seventy-three Thousand Three Hundred Eighty-six Dollars
($14,173,386.00); and
WHEREAS, the Kalispell Center, Ltd. will generate up to Two Hundred Fifty
Thousand Dollars ($250,000.00) in project taxes after the 1986 appraisal, and
WHEREAS, the City can participate in the project for purposes of the UDAG
Grant by contributing a portion of that tax increment to the design, construction
and installation of public utilities necessary as a result of the construction of the
Kalispell Center, Ltd.
WHEREAS, the City of Kalispell Public Works Department has determined the
need for certain off -site utility facilties associated with the project; and
WHEREAS, the City of Kalispell desires to fund the off -site utilities, through
funds currently available through the City of Kalispell Tax Increment District;
and
WHEREAS, the City of Kalispell desires to designate the off -site utilities
necessary to accommodate the Kalispell Center, Ltd., and to provide for the
funding of said off -site utilities.
WHEREAS, THE City of Kalispell in its current 1984-1985 Budget has set
aside Six Hundred Thirty-one Thousand One Hundred Seventy-eight Dollars
($631,178.00) in the Tax Increment Fund for off -site utility facilities.
NOW THEREFORE BE IT RESOLVED by the City Council of the City o7
Kalispell:
SECTION 1. That the City hereby pledges to design, construct and
install the following off -site public utilities associated with the Kalispell
Center, Ltd, in accordance with the cost estimates of the City of Kalispell
Public Works Department:
I. Center Street (1st Avenue East - Main Street
A)
Widen 10 feet
$10.000
B)
Street Light Relocation (2)
1,200
C)
Tree Removal
500
D)
Power Pole Relocation
N.C.
E)
Irrigation Relocation
11000
F)
Storm Sewer Relocations (2)
10,000
G)
Traffic Signal Relocation
40,000
H)
Street Striping
500
1)
Curb Removal and Replacement
2,600
J)
Sidewalk Installation
2,880
Sub -total
$68,680
11.
Depot
Park - (North side)
A)
Eliminate right turn lane median
$ 5,000
B)
Remove light pole in median
600
C)
Remove and replace 100' curb @ $8.00
800
D)
Backfill with top soil
11000
E)
Remove and replace asphalt
1,000
Sub -total
$ 8,400
I1I.
Center Street (Main Street - 5th Avenue West)
A)
Widen 10 feet
$50,000
B)
Street Light Relocation (3)
1,800
C)
Sidewalks (1780' x 6) @ $2.00.
21,360
D)
Curbs (1780') @ $8.00
14,200
E)
Entrances 3 x 3,000
9,000
F)
Storm Drain Relocation 3 @ $5,000
15,000
G)
Traffic Relocation:
1) Main & Center
10,000
2) 2 at Center and 1st Avenue West
20,000
H)
Striping
5,000
I)
New street lights (5)
10,000
J)
Remove 1 large pole sign
3,000
K)
Remove utility poles
N.C.
L)
Remove landscaping & sign at
5th & Center
3,000
M)
Install traffic signal at
5th & Center
80,000
N)
Transition across intersection
at 5th & Center
51000
Sub -total
247,360
IV.
4th
Avenue W.N. (Idaho -Railroad Street)
A)
Curbs (2 blocks)
$10,240
8)
Sidewalks (2 blocks)
12,800
C)
Construct (2 blocks - not paved)
70,000
D)
Painting at railroad crossing
500
Sub -total
$93,540
V.
3rd
Avenue W.N. (Idaho - Railroad Street)
A)
Curbs (2 blocks)
$10,240
B)
Sidewalks (2 blocks)
12,800
C)
Painting at railroad crossing
500
Sub -total
$23,540
VI.
2nd
Avenue W.N. (Idaho - Railroad Street)
A)
Painting at railroad crossing
$500
Sub -total
$500
VII.
1st
Avenue W.N. (Idaho - Railroad Street)
A)
Curbs (1 block)
$ 5,120
B)
Asphalt overlay (1 block)
6,000
C)
Painting at railroad crossing
500
Sub -total
$11,620
VIII.
Off -site Utility Improvements (Other)
A)
Sanitary (Service)
$ 6,000
B)
Storm Drainage
3,500
Sub -total
$ 9,500
Total
463,140
Engineering
and contingencies
115,785
GRAND TOTAL
578.925
1I
SECTION 11. That the City further pledges to finance the off -site
utility facilities through funds currently available through the City of
Kalispell Tax Increment District.
SECTION 111. That the City Council hereby amends Resolution No.
3529, June 29,1984 and the Budget Resolution (Resolution No. 3535),
August 13, 1984, to designate the sum of Five Hundred Seventy-eight
Thousand Nine Hundred Twenty-five Dollars ($578,925.00) as the sum
determined by the City Council as necessary for off -site utilities, and
the sum to be financed through funds available through the City of
Kalispell Tax Increment District.
SECTION IV.' That the funds so designated by the City Council shall
be used only to finance the off -site utilities associated wit,-1 the Kalispell
Center, Ltd. Project as designated above.
SECTION V. The City Clerk -Treasurer is hereby authorized and directed
to make the appropriate entries in the City of Kalispell Tax Increment
Fund as provided by this Resolution and to provide evidence of said
entries in accordance with the UDAG Agreement.
SECTION VI. The committment of the City herein made is contingent
upon the sale of Industrial Development Bonds for the Kalispell Center,
Ltd, and the construction of the Kalispell Center, Ltd.
PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR THIS 19th
DAY OF November , 1984.
eDowe -, ayor
ATTEST:
Marjorie Gi-mann, City Clerk -Treasurer
I, the undersigned, City Cleric 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 t,
City/;Clerk of the City of Kalispell, I1ontana