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24-25 Kalispell Business Improvement District Annual Report KALISPELL BUSINESS IMPROVEMENT DISTRICT FY2025 BID Work Plan & Budget Board Members Kisa Davison, Chair Cara Lemire Gabe Mariman Marshall Noice George Giavasis Jon Fetveit Nihcole Peterson TOTAL REVENUE Levy $50,000 Penalty & Interest $450 Class 8 PP Reimbursement $800 Assessments  $60,000 Charges for Services $5,000 Interest Income $700 Reimbursements/Contributions $2,500 Projected Operating Reserves $16,194 TOTAL REVENUE $135,644 EXPENSES & PROJECTS ADMINISTRATION Contract Staff – Coordinator  $40,000 Conferences & Travel $1,500 Administrative Transfer (city) $5,217 Office Supplies $200 Liability Insurance $1,500 Storage Unit Rental $1,200 MAINTENANCE Contract Staff – Maintenance $35,000 MARKETING  Website Development $1,300 Print Advertising $750 Social Media Marketing $3,000 BEAUTIFICATION Flowers & Trees $10,000 DEVELOPMENT Façade Improvement Grants $10,000 Development Activity $6,000 TOURISM  Holiday Décor Install/Removal $7,000 EVENTS & SPONSORSHIPS  Downtown Events $2,500 TOTAL EXPENSES $125,167 BUSINESS IMPROVEMENT DISTRICT FY2024/25 Annual Budget MISSION STATEMENT The Kalispell Business Improvement District is an organization comprised of its members: proud and dedicated people who work together to inspire and create a healthy, vibrant downtown culture that embodies its rich history of beauty, integrity and kindness while fostering a thriving economy. VISION STATEMENT By creating a beautiful downtown culture, Kalispell will be an attractive, worthy place for the delight of its residents, and the continued success of its entrepreneurs. PURPOSE To accomplish its vision of creating a vibrant and dynamic business district the BID will: n Build effective partnerships with businesses, institutions, property owners and city government to maintain a clean and safe community. n Attract, retain and promote quality businesses and retail segments to support our local economy. n Promote Kalispell as a renowned destination point with a business, retail, entertainment and institutional mix offering unique products, services and events. n Promote Kalispell as the preferred place to shop, work, learn and live. KALISPELL BUSINESS IMPROVEMENT PROGRAMS The following BID programs are funded by the special assessments collected from property owners within the Downtown Business Improvement District. The BID assessment for FY 2024/2025 will be $110,000. The BID will also receive approximately $9450 in additional revenue from maintenance contracts, reimbursements, and interest. Operating reserves carried forward total $16,194. In addition, the BID is working with the URA to develop a TIF grant application to increase support of Façade Improvements, Public Art Programs and Downtown Beautification Programs in downtown. BID ASSESSMENT FORMULA Montana Code Annotated 7-12-1133 (2) directs the governing body to annually assess the entire cost of the district against the entire district using a method that best ensures that the assessment on each lot or parcel is equitable in proportion to the benefits to be received. The BID Board has reviewed the current assessment formula and is recommending that the formula for fiscal year 2024 remain the same as the 2023 fiscal year. All property owners within the district will be assessed a flat fee of $100.00, $0.015 per square foot assessment and a taxable value assessment of .0225%. Owner occupied residential properties will not be assessed. The formula would leave the overall budget at approximately the same level as the 2023 fiscal year. After discussion of the new work plan the BID Board of Directors believes that the proposed assessment formula will ensure proportional benefits for the entire district. Organizational and Administration $49,617 The BID uses this portion of the budget to support administrative expenses like liability insurance, office supplies, downtown development conferences, financial administration, holiday decor storage facilities and employs one full-time leadership director. Maintenance & Cleaning Program $35,000 Each year, our dedicated maintenance team plays a crucial role in maintaining the cleanliness and beauty of our downtown area, ensuring that it remains a welcoming and enjoyable destination for residents, visitors, and businesses. From watering trees and flowers to collecting rubbish and maintaining corner flower planters, our Downtown Ambassadors are the unsung heroes behind the scenes who keep our downtown district beautiful and running smoothly. Branding and Communications $5,050 In partnership with the Kalispell Downtown Association, the Kalispell Business Improvement District launched a new look for downtown Kalispell. The BID supports the social media, online, and other marketing expenses to help promote downtown business development, community, and special events. Development Activity $6,000 The KBID maintains partnerships with downtown businesses, property owners, the Kalispell Chamber of Commerce, Discover Kalispell, the City of Kalispell and other key community stakeholders to grow, improve and develop the downtown community Façade Improvement Grants $10,000 Through our façade improvement grants program, the Kalispell Business Improvement District is committed to partnering with downtown business and property owners to ensure that our downtown area remains a vibrant, historically preserved, charming, and welcoming destination for years to come. Downtown Event Sponsorship $2,500 The BID contributes funding to the Kalispell Downtown Association to support its events, staff, marketing, and promotion of downtown retailers. Those events for 2024/2025 will include Frosty the Brewfest, The Spring Mixer, Ladies Night, two Thursday Fest events, KreepySpell, and the Holiday Stroll. Holiday Lighting $7,000 Each holiday season, the Kalispell Business Improvement District transforms downtown streets into a festive lighted gallery, spreading warmth and cheer throughout the heart of the valley. Decorations are stored in a leased facility near downtown. The Kalispell Business Improvement District received a grant award of $5,000 in fiscal year 2024/2025 from Discover Kalispell to update and purchase new holiday décor. With the granted funds, the organization purchased new lighted garland, lighted snowflakes, and outlet splitters to enhance and keep downtown beautiful. Summer Flowers $10,000 The BID purchases, installs, and maintains 175 hanging flower baskets and corner planters throughout downtown and on the Parkline last year. These popular floral displays not only add visual appeal to our downtown streets but also create a warm and welcoming atmosphere to residents, visitors, and downtown businesses alike. KALISPELL BUSINESS IMPROVEMENT PROGRAMS