Patrick/Old School Station SID. r �
City of Kalispell
Post office Box 1997 - Kalispell, Montana 59903-1997 - Telephone (406) 758-7000 Fax - (406) 758-7758
REPORT TO: Honorable Mayor and City Council
FROM: .Tames H. Patrick, City Manager
SUBJECT: Old School Station Special Improvement District
MEETING DATE: August 1, 2005
BACKGROUND: The City has the opportunity to partner with Montana Venture Partners, LLC
to form a public/private industrial park. The tax revenue that this park will generate will assist in
developing a sustainable tax base in future years as well as producing at least 1,000 good quality
jobs. At the current time there are three to four solid prospects creating approximately 400 jabs
over the next five years. Architectural plans have been completed on three of the projects. Two
of these businesses would like to get their footings and foundations in as soon as possible.
Recruitment of other companies is dependent on Council commitment to this project and moving
ahead with the engineering for the internal infrastructure and the formation of the Special
Improvement District.
FISCAL EFFECTS: Generation of significant tax dollars from new industrial buildings,
creation of over 1,000 good paying jobs when built out, and increased wealth in the community.
The engineering fees will initially be paid for out of water and wastewater funds on hand. These
costs will be reimbursed through the SID bonding.
ALTERNATIVES: As suggested by the City Council.
Respectfully submitted,
C74mes H. Patrick
City Manager