Resolution 5508 - Partial TIF Distribution - West Side - Fiber Optic LineSOLUTION TO AUTHORIZE A CASH DISTRIBUTION FROM THE WEST SIDE TAB
INCREMENT FINANCING DISTRICT FOR THE PURPOSES OF PARTIALLY FUNDING
THE PROJECT THAT PROVIDES THE PUBLIC INFRASTRUCTURE OF REDUNDANT
FIBER OPTIC LINE TO THE GATEWAY WEST FACILITY.
WHEREAS, on the 171h day of March, 1997 the City of Kalispell established the west Side Tax
Increment Financing (TIC') District with Ordinance No. 1259 and Resolution No. 4309
pursuant to the authority granted the City under MCA.. Title 7, Chapter 1.5, Part 42; and
WHEREAS, the city received a request from TeleTech Services, Inc., the city's tenant in the Gateway
West facility, for a distribution from the west Side TIF account in the sure of $43,964.00
for the purpose of providing the public infrastructure of a redundant fiber optic line to
service the city owned property, as required for the tenant's business; and
WHEREAS, pursuant to the terms of MCA 'Title 7, Chapter 1.5, Part 42 the city has properly approved
an urban renewal plan for the Nest Side TIF District to which this project conforms and
is consistent with the goal of meeting the sound needs of the city as a whole and for the
rehabilitation or redevelopment of the west Side District; and
WHEREAS, the Urban Renewal Agency met on June 22, 2011 and fully considered the request of
TeleTech Services, Inc. and determined to recommend to the City Council that it partially
approve the distribution request by making a total distribution of $20,982.00 for the
purpose of partnering with TeleTech Services, Inc. to install the redundant fiber optic line
to service the city owned property and to make it available to other businesses in. the
vicinity; and
WHEREAS, the balance of the Vest Side 'ITLE' fund on June 29, 2011. is $2,235,257.27 from which
there are sufficient unencumbered funds to make a distribution of $20,982.00 for the
purposes of partially funding the project of installing redundant fiber optic line to the city
owned property at the Gateway 'west facility.
NOW, THEREFORE, BE IT RESOLVED BY T14E CITY COUNCIL GP THE CITY GP KA.L.ISPELL
AS FOLLOWS. -
SECTION I. The City Manager is authorized to instruct the Finance Director to remit the sum
of $20,982.00 for the purposes of paying for a portion of the costs of installing a
redundant fiber optic line to the city owned property at the Gateway west
facility.