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Resolution 6212 - Authorizes TIF Funds for Add'l ProjectsRESOLUTION NO.6212 A RESOLUTION AUTHORIZING THE USE OF WEST SIDE - CORE AREA AND DOWNTOWN TAX INCREMENT FINANCING FOR ADDITIONAL PUBLIC SIDEWALK, STREET, WATER AND STORM WATER PROJECTS. WHEREAS, the City of Kalispell. Montana (the "City") is authorized by Montana Code Annotated, Title 7, Chapter 15, Parts 42 and 43, as amended (the "Act"), to create an urban renewal area, to undertake urban renewal projects therein, to provide for the segregation and collection of tax increment with respect to property taxes collected in the urban renewal area, to issue its bonds to pay the costs of such projects and to pledge to the repayment of the bonds the tax increment derived from the urban renewal area; and WHEREAS, in accordance with the provisions of the Act, on December 17, 2012, Kalispell City Council adopted the Core Area Plan as an amendment to the City of Kalispell Growth Policy 2020 by Resolution No. 5601 A, after duly mailed and published notice and a public hearing and receipt of recommendations from the Kalispell City Planning and Zoning Board, which certified that the Urban Renewal Plan conforms to the general plan for the development of the City as a whole and the comprehensive plan of the City for the area containing the Urban Renewal Area; and WHEREAS, City Council adopted the West Side Urban Renewal - Core Area plan by Ordinance 1717 (Original Ordinance 1259); and WHEREAS, City Council adopted the Downtown Urban Renewal District by Ordinance 1816 on December 17, 2018, and the Downtown Urban Renewal Tax Increment District by Ordinance 1820 on January 22, 2019; and WHEREAS, in the West Side -Core Area and Downtown Urban Renewal Plans there are Public Infrastructure Projects which are eligible for Tax Increment Financing; and WHEREAS, on June 3, 2024, City Council adopted Resolution 6200, a list of eligible projects per the adopted City of Kalispell Public Infrastructure Program and State Urban Renewal Law; and WHEREAS, staff is requesting West Side -Core Area and Downtown Tax Increment Financing Assistance for seven (7) additional projects, as enumerated on Exhibit "A". NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION 1. That the seven (7) listed projects on Exhibit "A" be funded by Tax Increment Financing in the West Side - Core Area and Downtown TIF Districts. SECTION 2. This Resolution shall become effective immediately upon its passage by the City Council. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 15TH DAY OF JULY 2024. ATTEST: 4iege Brunckhorst, CMC City Clerk • West Side -Core Area: Mark Johnson Mayor EXHIBIT "A" o Meridian North Drainage Basin Quality Treatment Facility, $730,000; o Two -Mile Drive, $520,000; o If feasible, sidewalk on Hawthorne Ave between Two Mile and Three Mile Drives; 0 3`d Avenue East Rebuild/Water Main, $950,000. Downtown: o 3`d Avenue East Rebuild/Water Main, $2,557,035 (SFR Loan with $190,000 annual payment from TIF over 20 years); 0 3`d Avenue East Sidewalk, $300,000; 0 3`d Street East Sidewalks, $200,000.