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Resolution 3834 - Authorize Purchase of FVCC PropertyRESOLUTION NO. 3834 A RESOLUTION AUTHORIZING THE PURCHASE OF ALL OF LOTS 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 AND 14, BLOCK 36, KALISPELL ORIGINAL, AND LOTS 1, 2., 3, 4 AND THE NORTHERLY SEVEN (7) INCHES OF LOT 5, BLOCK 45, KALISPELL ORIGINAL FROM BOARD OF TRUSTEES OF FLATHEAD VALLEY COMMUNITY COLLEGE FOR THE SUM OF $530,000, FURTHER AUTHORIZING THE SUM OF $228,000 AS SET ASIDE FOR DEMOLITION AND ASBESTOS REMOVAL, AND AUTHORIZING THE MAYOR TO ACCEPT SAID PROPERTY ON BEHALF OF THE CITY OF KALISPELL. WHEREAS, the City of Kalispell by Ordinance No. 1065 passed on the 4th day of November, 1985, did designate certain projects within the Downtown Redevelopment Area as Urban Redevelopment Projects, and WHEREAS, the projects authorized by said Ordinance No. 1065 included: a. Parking Improvements Project. This Project will consist of the acquisition of land for and the construction of parking spaces in the Project Area. The estimated cost of the Parking Improvements Project is approximately $500,000. The City shall finance the cost of the Parking Improvement Project through the sale of TIF Revenue Bonds. C. Redevelopment Project. This Project will consist of the acquisition by the City of certain parcels of land deemed "blighted" as defined by the Act within the Project Area and the undertaking of clearance and demolition activities necessary to make the land available for redevelopment by private enterprise. The estimated cost of the Land Redevelopment Project is $500,000. The City shall finance the cost of the Redevelopment Project through the sale of TIF Revenue Bonds. and, WHEREAS, the Board of Trustees of Flathead Valley Community College owns certain real property within the Kalispell Redevelopment Area, and WHEREAS, the zeal property owned by the Flathead Valley Community College is in a state of disrepair and cannot be rehabilitated as part of the Redevelopment of Downtown Kalispell, and WHEREAS, the Board of Trustees of Flathead Valley Community College are desirous to sell said property to assist in the financing of a new college campus on property within the City on U. S. Highway #93 North, and WHEREAS, the Kalispell Development Corporation has forwarded to the City Council an offer from the Board of Trustees of Flathead Valley Community College to sell certain real property, to -wit: Lots 1, 2., 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 and 14, Block 36, Kalispell Original, and Lots 1, 2, 3, 4 and the northerly seven (7) inches of Lot 5, Block 45, Kalispell Original, for the sum of $530,000, and WHEREAS, the Kalispell Development Corporation has recommended that in the event the City purchases the property and as a condition of sale that the City allocate the sum of $228,000 for the cost of demolition and asbestos removal from the buildings located on the property, and WHEREAS, the Kalispell Development Corporation has recommended that in the event the City purchase the property and as condition of sale that the Flathead Valley Community College be allowed to occupy the premises sold to the City for a period of two years .from the date of sale rent free, until a new Flathead Valley Community College Campus is constructed, and WHEREAS, during Flathead Valley Community College occupancy of the building, Flathead Valley Community College will be responsible for the maintenance, utility cost, liability insurance and casualty insurance on the buildings, with the City named as an additional named insured, and WHEREAS, Flathead Valley Community College shall incorporate an automatic fire suppression sprinkler system in the new college buildings to be constructed, and WHEREAS, the City Council after reviewing the offer made by the Kalispell Development Corporation on behalf_ of the Board of Trustees of Flathead Valley Community College deem it appropriate, pursuant to Ordinance No. 1065, and in the best interest of the Kalispell Redevelopment Plan, that the City accept the offer made by the Board of Trustees of Flathead Valley Community College and purchase the property to assure and enhance off-street parking opportunities in the Downtown Redevelopment and to eliminate the blight in the Downtown Redevelopment Area, and NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION I. That the Mayor is authorized and directed to purchase from the Board of Trustees of. Flathead Valley Community College Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 and 14, Block 36, Kalispell Original and Lots 1, 2, 3, 4 and the northerly seven (7) inches of Lot 5, Block 45, Kalispell Original for the sum of $530,000. SECTION II. The the City further allocate the sum of $228,000 from funds appropriated under Ordinance No. 1065 and from the proceeds of funds made available under Resolution No. 3626 to pay for the entire cost of demolition of and asbestos removal from the buildings located on the property. SECTION III. That the City Clerk -Treasurer is authorized and directed to pay in accordance with instructions from the Board of Trustees of Flathead Valley Community College the sum of Five Hndred and Thirty Thousand Dollars ($530,000) with funds properly appropriated under Ordinance No. 1065 and from the proceeds of the funds made available under Resolution No. 3626. SECTION IV. That the City Attorney is authorized and directed to prepare the legal documents necessary to effect this Resolution and the Mayor is authorized and directed to accept and properly record on behalf of the City of Kalispell the deed to said property. PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AND APPROVED BY THE MAYOR THIS _ CtM DAY OF MARCH, 1989. 1 d hn "Ed" Kennedy Ji Mayor ATTEST: City Clerk-Tre surer 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 City Clerk of the City of Kalispell