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Resolution 5451 - Budget - BIDReturn to: Kalispell City Clerk PO Box 1997 Kalispell, MT 59903 IIIIIIIII IIIIIIIIIII IIIIIIIIIIIIIIIIIII IIIII IIIIIIIIIIIIIIIII IIIIII (I( 744 Page: 1 of Page: 1 of 2 Fees:$5.00 Paula Robinson, Flathead county MT by DD 8/26/2010 3:36 PM # ) , .,,i.. 1 . 1-1 N WWI 101 ILI WHEREAS, the assessment cost of the Business District for the fiscal year 2010-2011 is estimated to be $24,142, and the levy revenue will generate $57,694 for a total of $81,836. WHEREAS, at a public hearing held on the 19th day of July, 2010, the City Council did consider all objections made to said estimates and to the basis of levy and assessments for payment for said costs (included as part of the City of Kalispell budget). BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION I. That there is hereby levied upon each and every dollar of the taxable valuation of the Business Improvement District of Kalispell, Montana, for the fiscal year 2010-2011, the following levy: BUSINESS IMPROVEMENT DISTRICT LEVY 37.5 MILLS SECTION II. That there is hereby levied upon each and every dollar of the taxable valuation within the Business Improvement District of the City of Kalispell, Montana, for the fiscal year 2010-2011, the following assessment: ASSESSMENT .015 SQ. FOOT SECTION III. That the annual appropriations for the Business Improvement District of the City of Kalispell, Montana are hereby fixed as follows: BUSINESS IMPROVEMENT DISTRICT $ 199,323 SECTION IV. The Business Improvement District Board of Directors is hereby authorized to transfer any part of an unencumbered balance of an appropriation to a purpose or III Till II II I II II I �� II I II I II I I I II III III I III I Iiii III Page: 2 of 2749 Fees: $5.00 Paula Robinson, Flathead County MT by DD 8/26/2010 3:36 PM object for which the appropriation for the current year is insufficient or to transfer between items appropriated within the fund. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 16TH DAY OF I_�►1�1 Theresa White City Clerk