04/03/00 Kukulski to Dasen/Development AgreementCity of Kalispell
Post Office Box 1997 • Kalispell, Montana 59903-1997 • Telephone (406) 758-7700 • FAX (406) 758-7758
VIA CERTIFIED MAIL
April 3, 2000
Richard A. Dasen
1701 Highway #93 South
Kalispell, MT 59901
Re: Southfield Park Development Agreement
Dear Mr. Dasen:
Section 5.5 of the Development Agreement between Richard A. Dasen and
the City of Kalispell for the development of the Haven Field property
contemplates ad valorem tax revenue generated by the "Project" at
$124,000.00 per year after January 1, 1999. The Development Agreement
further provides that in the event the Project does not generate
$124,000 per year the Developer will pay to the City the difference
between the tax generated and the contemplated amount. The City
Finance Department, pursuant to said Section, has determined that the
Southfield Park properties collectively generated $25,745.41. (Copy
of Finance Memo attached). Therefore, the balance due to the City
under the Development Agreement totals $98,254.59 for the 1999
calendar year.
At your earliest convenience, please remit to the City of Kalispell
the sum of $98,254.59, pursuant to Section 5.5 of said Development
Agreement.
Thank you for your attention in this matter.
Sincerely,
C "- A, 9LL-4L-
Chris Kukulski
City Manager
PC: Finance Director
City Attorney
Dan Johns
City of Kalispell
Post Office Box 1997 - Kalispell, Montana 59903-1997 - Telephone (406) 758-7700 - FAX (406) 758-7758
Date: March 29, 2000
To: Chris Kukulski, City Manager
From: Amy Robertson, Finance Director
RE: Southfield Park Property - Richard Dasen
The following is a list of taxes assessed by the County against Southfield Park properties. We
have received payment for these taxes in our January collections.
Assessor # Taxes Assessed Southfield Park
75-OW1977 $ 4,808.84 Lot #1 land
75-0001978 $ 2,695.30 Lot #2 land
75-OW1979 S 2,873.73 Lot #3 land
75-WO1980 S 3,563.67 Lot #4 land
75-0001981 S11,803.87 Lot #5 land/building
S25,745.41 Total Taxes assessed.
The amount due the City per the Development Agreement would be $ 98,254.59.
($124,000.00 - $25,745.41)
cc: City Attorney
Community Development Director