Resolution 6180 - Amending Expenditure Limits Tax Increment Financing Programs RESOLUTION NO. 6180
A RESOLUTION AMENDING THE EXPENDITURE LIMITS OF THE "DOWNTOWN
KALISPELL TAX INCREMENT FINANCING ASSISTANCE PROGRAM"AND THE"CITY
OF KALISPELL WEST SIDE URBAN RENEWAL — CORE AREA TAX INCREMENT
FINANCING DISTRICT ASSISTANCE PROGRAM" AS RECOMMENDED BY THE CITY
OF KALISPELL URBAN RENEWAL AGENCY.
WHEREAS, in 2019, the City Council adopted the"Downtown Kalispell Tax Increment Financing
Assistance Program" and updated the "West Side Urban Renewal — Core Area Tax
Increment Financing District Assistance Program"documents,as recommended by the
Urban Renewal Agency; and
',WHEREAS, since that time, costs at all levels of development have significantly increased, and the
Urban Renewal Agency is recommending increasing the allowable expenditure limits
within both the West Side and Downtown TIF programs in order to reflect the current
market more appropriately; and
WHEREAS, the Urban Renewal Agency has recommended increasing allowable expenditure limits
within both the West Side and Downtown TIF programs as follows:
• Street Tree Placement Program grant increase from$5,000 to $10,000;
• Sidewalk Placement Program grant increase from $5,000 to $15,000;
• Historic Fagade restoration projects grant increase from $50,000 to $150,000;
• Fagade Improvement Program loan program increase from $50,000 to
$250,000;
• Rehabilitation/Code Compliance loan program increase from $50,000 to
$250,000;
• Site Demolition/Preparation/Cleanup loan/grant program from $50,000 to
$250,000;
• Technical Assistance Program grant increase from $5,000 to $20,000; and
• Threshold for Third-party analysis of financial feasibility increase from
$100,000 to $200,000 TIF funding requests.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL, MONTANA,AS FOLLOWS:
SECTION 1. The City of Kalispell hereby amends the allowable expenditure limits
of the "Downtown Kalispell Tax Increment Financing Assistance
Program",attached hereto as Exhibit"A"and incorporated fully herein
by this reference, and the allowable expenditure limits of the "West
Side Urban Renewal — Core Area Tax Increment Financing District
Assistance Program", attached hereto as Exhibit "B" and incorporated
fully herein by this reference, as policies to guide the City of Kalispell
Urban Renewal Agency.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE
CITY OF KALISPELL THIS 16TH DAY OF JANUARY, 2024.
C�
Mark Johnson
ATTEST: Mayor
Aimet Brunckhorst, CMC
City Clerk
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