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Community Developmentof Kalispell Post Office Box 1997 • Kalispell, Montana 59903-1997 • Telephone (406) 758-7700 • FAX (406) 758-7758 DATE: March 3, 2000 REPORT TO: The Honorable Mayor Doharski and City Council FROM: Susan Moyer; Community Development Chris A. Kukulski, City Manager SUBJECT: Architectural Review Committee MEETING DATE: March 11, 2000 — Priority Setting Council Session BACKGROUND: The Downtown Redevelopment flan (Ordinance No. 933) established the Architectural Review Committee (ARC) in 1979 to be its official advisor on redevelopment/renovation projects and appropriate signage within the Downtown TIF District. The ARC has for years consisted of: an architect, an artist, a banker, an interior decorator, a local developer, and a real estate broker. The advice and counsel of the Architectural Review Committee has been invaluable in the redevelopment of our city's core area. Better designs, aesthetics, etc. have resulted from the guidance provided by the ARC. At the same time the ARC came into existence, a "Commercial Loan Program" was created to provide an incentive to downtown business/property owners to re -invest in the core area. Originally this loan program was funded through federal grant dollars; however, the City started funding the interest subsidy with TIF dollars in April of 1988. The program currently involves six participating financial institutions making loans at 9-1/4%, and the City subsidizes the actual interest rate to the borrower down to 3%. Thus, the City over the years has gifted the interest differential on a five-year mortgage term to 200 property owners and/or tenants (for the term of their lease — not to exceed the five year term of the mortgage). The total interest differential expended to date is $717,294, which has generated $10,184 in either new construction or renovation activities. As of March 3"', funding no longer is available for interest subsidy through the remainder of this fiscal year. By ordinance the ARC remains responsible for design and signage review in the downtown district. RECOMMENDATION5: The City Council pass an ordinance giving design and signage review authority to the ARC in both the WeotSide and the Airport/5porto Complex Urban Renewal Districts. 2. At ouch time as new TIF revenue iS available, City Council authorizes Staff to create a Commercial Loan Frogram for renovation activities within the two districts. Council will decide the amount of the subsidy to the borrower at the time the program is created. 3. The Community Development Staff Seek different funding opportunitieo to re -instate interest Subsidy assistance within the downtown core area. A revamp of the program may change in that the interest Subsidy would not be "gifted' but might be, in the form of a deferred loan until ouch time as the ownership of the building or business changes hands. Respectfully Submitted, 5usan Moyer, Community Development Chrio A. Kukuloki, City Manager of Kalispell Post Office Box 1997 • Kalispell, Montana 59903-1997 • Telephone (406) 758-7700 • FAX (406) 758-7758 DATE: REPORT TO: FROM: SUBJECT: MEETING DATE BACKGROUND: March 3, 2000 The Honorable Mayor Boharski and City Council Susan Moyer; Community Development Chris A. Kukulski, City Manager Urban Renewal Redevelopment Plans — Westside and Airport Districts March 11, 2000 — Priority Setting Council Session When the time comes that the City desires to sell TIF bonds in either of the above urban renewal districts, a formal Redevelopment Plan for each district needs to be in place and adopted by ordinance. Please see the attached 1979 Downtown Urban Renewal Plan and the 1987 update prepared by Sitescape Associates. Sitescape Associates has obtained a price of $2,000 to have Montana Aerial, based in Missoula, do the black and white aerial photography at 1:6000 scale in both hard copy and digital form for use as an updated base map. Additionally, Sitescape has submitted a preliminary fee estimate of $21,800 to prepare the Westside Plan and $19,500 to prepare the Airport Plan. Good planning and a pro -active approach would be to prepare these Redevelopment Plans now and not wait until the need is immediate. It must be noted, however, that neither district has TIF funds available to cover these costs. The funds that exist now within the Westside TIF District have been frozen to ensure the City's ability to participate on the widening of Meridian Road. Council has committed to running sewer and water lines to four corners at the time Highway 93 is widened in the Airport District. Adequate funding to cover these costs does not exist now in this district nor is it anticipated in the near future. RECOMMENDATIONS: UDAG Program Income will have to be loaned to the Westside TIF District to pay the City's 63% share of Dorsey & Whitney's fees on the Stream Project. It would appear to be prudent to advance additional UDAG funds to the Westside TIF District in the amount of $23,800 to be repaid as soon as new increment over and above our commitment on the Stream project is generated. The Redevelopment Plan must be done and adopted before the City could sell TIF bonds for the fairgrounds project or future development on or around the Taylor properties. It is anticipated by the Finance Director that it will be quite some time before the Airport District is generating sufficient new increment over and above the commitment for utilities being extended to the south. Community Development staff still believes it is financially more sound to include the creation of the Urban Development Plan at this time instead of spending an additional cost to do aerial photography and preparation of a base map a second time. Thus staff is proposing a separate loan from the UDAG Program Income funds be made to the Airport TIF District to cover the $19,500 cost of the Plan. FISCAL IMPACT: $43,300 loaned from the UDAG fund at current rates and to be repaid as soon as TIF dollars are available in the respective districts. Respectf lly submitted, Susan Moyer, Community Development C� Chris A. Kukulski, City Manager of Kalispell Post Office Box 1997 • Kalispell, Montana 59903-1997 • Telephone (406) 758-7700 • FAX (406) 758-7758 DATE: March 6, 2000 REPORT TO: The Honorable Mayor Boharski and City Council FROM: Susan Moyer, Community Development Chris A. Kukulski, City Manager SUBJECT: Lots 1 and 3 at Daley Field MEETING DATE: March 11, 2000 - Priority Setting Council Session BACKGROUND: Daley Field was first advertised for sale in July of 1997. The offering document consisted of 15,651 acres platted into three separate lots. In July of 1999, Kalispell Investment Group, LLC purchased Lot 2 consisting of 228,711 sq.ft. for a total of $743,311 ($3.25 per sq. ft. A new Rosauers Supermarket is currently under construction on this site. The City of Kalispell shared in the cost of extension of the sanitary sewer main to service the Daley site in the amount of $46,654.80. At the present time, the Airport District is in the red $15,540.20. Two current financial obligations this district has are: • $150,000 for a signal light at Third Avenue per our Developers Agreement with the Rosauers property owners. This light, per the agreement, must be in place by June 2000. • An annual debt service obligation of $18,073 for the years 2001 and 2002. This obligation was created through the purchase of the Timmreck property at the north end of the airport. A second offering document was published in April of 1999 for Lot 1 (2.98 acres) and no offers were received. The Council had hoped to receive an offer to purchase in the neighborhood of $4.00 per sq. ft. for this site because of the amount of highway frontage involved. It was the opinion of the previous council that they wanted the next RFP process to include both Lots 1 and 3 with the option of either leasing or selling to a developer(s). Council had not set a minimum price they wished to receive for the purchase or lease considerations. RECOMMENDATIONS: 1. Due to the lack of TIF funds now or in the foreseeable future, Council needs to prioritize future funding (after the above cited obligations are paid) for activities within this district: a) Extension of services to four corners - budgeted this current fiscal year at $1,000,000 b) Expansion/renovation to the airport vs. relocating the airport - budgeted this current fiscal year at $592,077 2. Council should determine whether they wish to sell either or both lots or pursue long-term lease proposals. It is the belief of staff that seeking proposals to purchase and develop Lot 1 will generate income the fastest. Again, if Council decides to retain utility extension as a priority for the district, staff recommends Lot 3 be offered "for sale" in a separate but concurrent proposal with Lot 1. Respectfully submitted, Susan Moyer, Community Development Chris A. Kukulski, City Manager