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1. Resolution 5472 - Budget Amendment - South Kalispell/Airport TIF FundFROM: Amy Robertson, Finance Director Jane Howington, City Manager SUBJECT: Airport Tax Increment District Budget Amendment for FY2011 MEETING DATE: December 20, 2010 BACKGROUND: A public hearing will be held this evening and a resolution proposed to amend the City's fiscal 2011 budget for the Airport Tax Increment Fund. The Council recently approved a redevelopment project for Avail-TVN to bore under the highway and install fiber optics on the westside of Hwy 93 South. At the time the budget was adopted all redevelopment appropriations were removed. It is necessary to amend the budget to move forward with this project. RECOMMENDATION: FISCAL IMPACT: Amy H. Robertson Finance Director Adopt resolution amending the Airport TIF budget. $21,051 budget amendment Report compiled: December 15, 2010 'Jane Howington City Manager RESOLUTION THE CITY YALISPELL, MONTANA, AS SET FORTH IN THE 2010-2011 BUDGET ADOPTED BY WHEREAS, on August 16, 2010, the City Council adopted Resolution 5444 adopting the annual appropriations of the City of Kalispell for fiscal year 2010--2011; and WHEREAS, in the budget adopted by the City of Kalispell for the 2010-2011 fiscal year, certain detailed and itemized estimates of expenditures were not included in the operation of the South Kalispell/Airport TIF District for the 2010--2011 fiscal year; and WHEREAS, Avail-TVN has been approved for a redevelopment project to run a fiber optic line under Highway 93 South; and WHEREAS, at a public hearing held on December 20, 2010, the City Council did consider all objections made to said budget. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL. OF THE CITY OF KAL.ISPELL AS FOLLOWS: SECTION I. Amendments to the 2010-2011 fiscal budget as follows: Avail-TVN $21,051 For line item 2185-480-470240-354 SECTION II. That on December 20, 2010 at 7:00 o'clock P.M., the City Council authorized and directed the Finance Director to increase the appropriations. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KA.LISPELL, THIS 20TH DAY OF DECEMBER, 2010. Ta zrni Fisher Mayor Theresa White City Clerk