KBID - TIF Application 24.25City of Kalispell
Downtown Urban Renewal District and Westside/Core Area Urban Renewal District Tax
Increment Financing (TIF) Application.
(Application must be completed in full and include all required documents attached)
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Name of Applicant: Kalispell Business Improvement District
Mailing Address: PO Box 1997 Kalispell, MT59901
Phone number: 406-201-9255 E-Mail: orifo@(.Iowritowrik, lospel .cori
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Business Name: Kalispell Business Improvement District
Business/Project Physical Address: PO Box 1997
Kalispell, MT 59901
Business Insurance Co: USLI
Tax ID #: 81-6001281
Business Type (Corp, LLC, Partnership, etc.): N/A
Date business was formed: June 16, 2003
Date of property acquisition: N/A
Shareholders Name Address % Owned: N/A
*A current financial statement for each shareholder involved in the project may be required
as well as documentation of financial capacity. (This information will be kept confidential,
subject to challenge in a court of law.)
Description of business (product or service provided, etc.): Please see attached document.
Annual amount of property taxes: N/A
Current on all property taxes: N/A
No If no, explain circumstances: N/A
Employment:
Number of retained positions: _1
Number of new positions to be created:
Average wage per hour: N/A
; Full Time:_0_ Part Time:_1
0_; Full Time:_0_ Part Time:_0
Provide a summary of the fringe benefits provided to employees: N/A
Attachment: Attach an Excel spreadsheet briefly listing and describing the job
classifications with the average wage noted by each job classification. Provide a schedule
of when the positions are anticipated to be created and filled.
Project Architectural Firm: See attached LOI
Contact:
Address:
Phone: E-mail:
Project Contractor:
Address:
Phone: E-mail:
Has such contractor or architect ever failed to qualify as a responsible bidder, refused to
enter into a contract after an award has been made, or failed to complete a construction or
development contract within the last 10 years?
No Yes If yes, explain: N/A
STATEMENT OF QUALIFICATION AND FINANCIAL RESPONSIBILITY
Has the applicant or any individual or entity affiliated with the development of this project
been adjudged bankrupt, either voluntarily or involuntarily, within the past ten years?
No Yes if yes, list date, place, and under what name: N/A
Has the applicant or any individual or entity affiliated with the development of this project
been indicted for or convicted of any felony within the past 10 years?
No Yes if yes, list the date, charge, place, court and action taken for case: N/A
PROJECT EXPENSE WORKSHEET
Proposed project description:
Technical Assistance for Facade Renovations:
Collaborate with local engineering firms to provide technical assistance to
downtown property owners.
• Assist in preparing and submitting applications for facade renovations that align
with the city's 2017 Downtown Plan and Tax Increment Financing (TIF) objectives.
Ensure all projects adhere to building and public works code requirements.
Aesthetic and Economic Vitality:
Enhance the visual appeal of the downtown TIF district.
Boost economic vitality by creating a more attractive and inviting environment for
residents and visitors.
Business Competitiveness and Investment Attraction:
Increase the competitiveness of existing downtown businesses.
Attract new investors and businesses to the area through improved aesthetics and
infrastructure.
Revitalization of Underutilized or Vacant Properties:
• Support the transformation of underutilized or vacant properties within the
downtown TIF district.
• Encourage the redevelopment and productive use of these properties to stimulate
economic growth.
Proposed Construction/Rehabilitation Costs:
(If additional room is needed, provide an Excel sheet of expenses)
Explanation: Cost: $
Explanation: Cost: $
Explanation: Cost: $
Explanation: Cost: $
Explanation: Cost: $
Explanation: Cost: $
Architectural Design/Supervision: Cost: $
Permitting Fees: Cost: $
Additional Fees: Cost: $
Additional Fees: Cost: $
Total Project Expense: $
Attachment: Attach bids for each proposed project expense
Proposed project schedule with start date and completion date:
Start date: January 2025
Completion date: December 2030
PROJECT FINANCING WORKSHEET
Project Financial Lending Institution: N/A
Contact:
Address:
Phone:
Total Project Cost:
E-mail:
Land and building if recently purchased (5 years): $ N/A
Cash invested in recent improvements (5 years): N/A
Explanation:
$
Explanation:
$
Explanation:
$
Explanation:
$
Total `Project Expense' from page 3:
Subtotal: $
Total Project Cost: $
Lender Commitments: N/A
(Include letters of credit or other documentation.)
Lender Loan Amount Interest
$
$
Term Payment/Period
yrs $ /Month
yrs $ /Month
TIF FUNDING REQUESTED
(Refer to appropriate Urban Renewal Plan—TIF District Policies for more information)
Public Impact Categories
Shared Utilities Extension
Sidewalk Improvement
Tree Placement/Replacement
Private Investment Categories
Loan Programs:
Facade Improvement
Rehabilitation/Code Compliance
Grant Programs:
Historic Facade Improvement
Site Preparation and Demolition
(Additional grant or loan dollars may be available through the Kalispell Brownfields Program)
X Technical Assistance
CERTIFICATION
I (we),
(please print),
certify that the statements and estimates within this application as well as any and all
documentation submitted as attachments to this application under separate cover are true
and correct to the best of my (our) knowledge and belief.
Name:
Signature:
Title:
Name:
Signature:
Title:
Date: Date:
Return to:
City of Kalispell Community & Economic Development Department
201 1 st Avenue East
Kalispell, MT 59901
406-758-7713
Required attachments:
• Excel spreadsheet briefly listing and describing the job classifications with the average
wage noted by each job classification. Provide a schedule of when the positions are
anticipated to be created and filled.
• Bids for each proposed project expense listed on page 3.
• Letters of commitment or documentation from any project lender commitment listed.