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12. Resolution 5451 - Budget Resolution - BIDY�`^".^l`�'-r, �-�pr, tcr�r^r' � f • ...M ,�n�-eo ur"tZ-�rp''.n`r-.� w-s�7ri:r.:.'�:li •::.t:�:: � �::r '.-..:., , • ;� nY� N, �'`�� .ti �q. 3v? T:.�: ✓^ tis..r L F !'F"•�"�.�i`v"�%�,�'/;r'''^ '1'-f,i���h�r �,�,�-,..�; �F.:.:. ' •:.,. •. , : ^. �:: i• �: is � z�� :: _':: _•� •.. r , j-R:."f-. ��'"` }tii.::.r'R.:^.,.:.r�.'>},F�;R..,^.,�ti;N•,r"^",,itrr..... �'? ..rr•! frtiti r wt •i..- Fn;;:�c:� ".•+ : !•• -••. ,l'-:::r"c.,r.�er ;�'�w N,r�rr.�•'•.`r�r.•�t•: ti. •�ti ".`fv.� ^ r�`• - /.T'y:•`..�. rl., ^:Y• ice-•. 2.0 . . .... : i� `fr1�1'�-/'`rlY.`�''-�.� �iin�. ^r. •'�cYr �.r ,�:?4 .'.. City of Kalispell Post Office Box 1997 - Kalispell, Montana 5 03-1997 Telephone ) S-�701 Fax - (406) 75 9-775 8 fj��f� f` .••••. •.•••.•1 .� •" 1 - T.•. REPORT T t Mayor Fisher and City Council Members FROM: Amy Robertson, Finance Director Jane Herrington, City Manager SUBJECT: 2011 Business Improvement District budget MEETING DATE. August 16, 2010 BACKGROUND; The Business IWrovement District budget request is for $199,323. The BID levy of 37.5 nos and the square footage assessment of .015 are the same tax and assessment rates as the previous year. The BID is a component unit of the City of Kalispell. The budget was included in the ity's Preliminary Budget boob. The City Council approves their budget. No change to the Preliminary budget. This resolution authorizes both the appropriation and the levy. RECOMMENDATION: OMMENDATION: Adoptions of Resolution. FISCAL EFFECTS* $19%323 Amy H. Robertson Finance Director Deport compiled: August 10, 2010 ane Howington City Manager Return to: Kalispell City Clerk Po Box 1997 Kalispell, MT 59903 RESOLUTION No; 5451 RESOLUTION SETTING THE TAX LEVY AND ANNUAL APPROPRIATION FOR THE BID (BUSINESS IMPROVEMENT DISTRICT) of THE CITY of KALI PELL, MONT NA, AS SET" FORTH IN THE 010-2011 BUDGET ADOPTED BY THE CITY COUNCIL AND LEVYING AN ASSESSMENT FOR THE B11D FOR FISCAL 010-2011. WHEREAS, the assessment cost of the Business District for the fiscal. year 010- 011 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 1 9th 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). E IT RESOLVED BY THE CITY COUNCIL OF THE CITY of KALISPELL AS FOLLOWS: SECTION 1. 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 010- 011, the following levy: BUSINESS IMPROVEMENT DISTRICT LEVY 37.5 MILLS SECTION 11. 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 010- 011, 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 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 16T14 DAY of AUGUST, 2010. F�::.:*19 Theresa White City Clerk Tamm.i Fisher Mayor