4. Urban Renewal BudgetMEMO
To: Mayor and
From: Al Thelen
Date: April 9, 1
1
Re: Urban Renewal Projects
Attached are the preliminary budgets for the three Urban
Renewal projects for FY 2000. The downtown project reflects the
actions that you have taken to date. It also includes a list of
projects through FY 2002.
The Airport/Athletic Complex budget includes the sale of both
Daley Field parcels and we may not sell either parcel. If not, we
can borrow money against those projects if you deem it appropriate
to make the expenditure.
The budget for the West Side Urban Renewal project does not
anticipate additional increment dollars over the current year.
During the year, the latter two projects will need close review to
be s6re that funds are available before commitments are made.
s• ' � • • � � ' � � • • • s -`;;;� �3, „.,- `'::�� c_,_�-'sue ..
PROGRAM OF SERVICES
2180
TAX INCREMENT FUND
Downtown District
CASH: Unrestricted
Real Estate Tax
Retainage kept
Personal Property Tax
Penalty and Interest
State Personal Property Reimb.
Second Ave W Loan/Housing loans
Investment Earnings
Special Projects -loan proceeds
Sale of Property
Total Available
REVENUE PROJECTION
ACTUAL BUDGET
FY97/98 FY98/99
$2,406,915
$1,882,157
$5,250
$109,370
$9,175
$183,204
$6,386
$104,418
$357,190
$5,064,065
Estimated
ACTUAL
FY98/99
BUDGET
FY99/00
$1,780,917 $1,787,326 $1,551,573
$1,882,157 $1,852,660 $1,920,170
$110,000
$7,500
$183,204
$6,357
$100,000
$3,238,280
$368,000
$7,676,415
$96,694
$7,000
$172,830
$6,400
$94,000
$0
$296,073
$4,312,983
EXPENDITURE PROJECTION -USES OF FUNDS
$100,000
$7,000
$172,830
$12,732
$85,000
$685,069
$0
$4,534,374
TIF Program Expenditures $3,276,739 $7,676,415 $2,761,410 $4,534,374
Cash Carry over
$1,787,326 $0 $1,551,573 $0
* loan proceeds or future cash flows depending upon the timing.
PROGRAM OF SERVICES
EXPENDITURE SUMMARY
FUND: TAX INCREMENT........2180 1
ACCOUNT
Classification:
Improvements to Buildings
Administration
Redevelopment Projects
Rehabilitation loans
Relocation
Debt Service
Property Mgmt. Costs
Public Works Projects
Parks Department Projects
Downtown Projects
Interest Expense- Loans
Grand Total
STATEMENT OF FUNCTION:
ACTUAL BUDGET BUDGET
FY97/98 FY98/99 FY99/00
$14,087
$470,200
$261,776
$179,331
$295,543
$275,000
$21,078
$1,292,586
$1,130,000
$59,682
$85,458
$50,000
$0
$150,000
$0
$259,770
$259,590
$262,850
$985
$0
$11,180
$337,111
$1,211,436
$1,815,068
$8,614
$33,450
$38,500
$2,402,490
$3,778,152
$690,000
$0
$100,000
$0
J3,283.148 $7,676,415 4 534 374
This budget will continue to implement the projects and activities that have been planned for
several years through the Kalispell Downtown Urban Renewal Plan. The close out of this
budget is imminent with many of the items being projects that will develop into FY 99-2000
and possibly beyond. The eligible projects within this budget will be completed after final
review and recommendation of the Kalispell Development Corporation, City Manager and
City Staff to the City Council. The City Council will make the final authorization to proceed
on all of the projects within this fund.
Cash currently on hand, real estate tax income, personal property taxes, land sales, and
potential borrowing from future tax revenue are all sources of revenue from this fund.
Since this fund deals with projects, a detailed summary follows:
PROGRAM OF SERVICES
FUND: TAX INCREMENT ........
2180
ACTUAL
BUDGET
BUDGET
ACCOUNT
FY97/98
FY98/"
FY99/00
411240
Improvements to Bldgs:
354
Central School - interim maint.
$3,000
354
Hockaday
$10,200
354
Library
$75,000
396
Surveys & Studies/parking
$15,000
920
City Hall/construction or purchase
$250,000
$261,776
922/354
City Hall Improvements & space needs
$14,087
$117,000
Total
$14,087
$470,200
$261,776
470130
Administration:
353
Auditing
$2,500
$2,500
$2,140
354
GIS system consultant (carryover)
$10,000
354
Contract Services/FERDO
$36,175
$37,350
$37,350
356
Consultants- Bond Counsel
$7,600
$20,000
522
Administrative Transfer
$133,056
$225,693
$235,510
Total
$179,331
$295,543
$275,000
470230
Redevelopment Projects:
354
Urban Design contract
$30,000
$30,000
354
Historic preservation projects/ Antique ligh
$3,000
$21,000
354
Parking Lot Improvements
$35,000
$35,000
396
Studies/Surveys
$7,461
$15,000
$15,000
840
Redevelopment Projects (unallocated)
$10,617
$821,586
$250,000
910
Land Assemb. 93 & Idaho
$200,000
934
Hyw 93 So. Project
$800,000
935
1st East project to Woodland Ave.
$20,000
935
Ave of Arts/Conrad Connection
$150,000
Total
$21,078
$1,292,586
$1,130,000
470240 Rehabilitation:
714 Commercial Loans (carryover) $47,682 $82,958 $50,000
734 Friendship House $12,000 $0
732 Comm. Design Grant $2,500
Total $59,682 $65,459 $50,000
PROGRAM OF SERVICES
FUND: TAX rNCREMENT........ 2180
ACTUAL BUDGET BUDGET
ACCOUNT FY97/98 FY98/99 FY99/00
Relocation:
470270 354 Elimination of Blight (Carry-over)
Total
490700 Debt Urban Renewal Bonds:
$0 $150,000 $0
$0 $150,000 $0
610 Principal
$165,000
$180,000
$200,000
620 Interest
$93,945
$78,765
$62,025
630 Fiscal Agent Fees
$825
$825
$825
Total Debt Service
$259,770
$259,590
$262,850
400 510110 Special Assessments
547,548,549 Assessments (FVCC) $985
Business Improvement District $11,180
$985 $0 $11,180
410430100 Public Works Projects:
943
Traffic Signal
$56,672
$170,000
354
Pedestrian cross walk- Center St.
$88,715
410 430630
Sanitary Sewer
950
Sewer Main & manholes (carryover)
$630,000
$504,000
410 430246
Storm Sewer:
950
Construction-9th St W. (carryover)
$90,000
$72,000
Construction -1st Ave. E to 5th W./Center St.
$35,000
410 430550
Water Fund
950
Construction ($22,079 carry over;$30,000 new)
$60,000
$52,079
410 430234
Sidewalk Construction
354
Contract (carryover $77,932; $75,000 new
$71,724
$103,436
$152,932
421 430240
Street Department:
940
Snow Blower
$38,000
950
Alley paving/reconstruct concrete
$120,000
950
Streets -reconstruct 1st Ave. E.,6th to 12th St.
$650,000
950
Overlays & chip seal (S89,057 carry over;1400
$120,000
$120,000
$229,057
Total Public Works
$337,111
$1,211,436
$1,815,068
PROGRAM OF SERVICES
EXPENDITURE DETAIL
FUND: TAX INCREMENT ........ 2180 1
ACTUAL BUDGET BUDGET
ACCOUNT FY97/98 FY98/99 FY99/00
436 460430 Parks Department:
364
Landscaping & Trees/ grate replacements
$3,020
$10,500
364
Irrigation- High School Parking Lot
$8,000
364
City Hall Landscaping, Depot & Downtow
$3,484
$3,750
354
Park Improvements -Downtown
$2,110
$2,450 $30,500
926
Depot Park Gazebo, tables, power, patio
$10,250
934
City Hall Patio Improvements
$6,500
Total Parks
$8,614
$33,450 $38,500
470235
Downtown Projects:
928
Market Place Project III (carryover)
$0
$80,000
$0
936
Central School (carryover)
$1,397,359
$1,098,152
$0
932
Downtown Parking (carryover)
$0
$800,000
$440,000
933
Kalispell Center Mall
$890,950
$0
$0
938
KDC Site (carryover)
$114,181
$1,800,000
$0
950
BID Downtown Improvements
$250,000
470250 354
Affordable Housing
$0
$0
$0
$2,402,490
$3,778,152
$690,000
90700 620
Interest Expense/project loans
$0
$100,000
$0
Grand Total budget
$3,283,148
$7,676,415
$4,534,374
DOWNTOWN TAX INCREMENT
REVISED 3/24/99
FY1999
FY2000
FY2001
FY2002
Cash on Hand 7/1/98
$1,716,410
$1,551,573
($685,069)
($637,867)
Bond Reserve
$123,046
Taxes rec. FY99 (Real & Personal)
$2,200,000
$2,200,000
$2,220,000
$2,230,000
Sale of Land (fy99 received)
$296,073
Interest Earnings - est.
$94,000
$85,000
$75,000
$50,000
Loan Repayments
$6,500
$12,732
$9,432
$6,132
Available
$4,312,983
$3,849,305
$1,619,363
$1,771,311
Anticipated Expenditures FY (see detail) ($2,761,410) / ($4,534,374) ($2,257,230) ($1,771,311)
Cash Carroyover -July 1, 1999 $1.551,573 ,069) ($637.867) K
Expenditure Detail:
Future years expenditures:
Debt Service
$262,850
$259,050
$283,625
Administration
$275,000
$275,000
$275,000
Market Place III ($80,000 moved to unallocated)
Parking (carryover)
$440,000
$200,000
Lots So. of City Hall $275,000
Tele/Sportman lot
Valley Bank lot $ 160,000 FY99
City Hall /construcion or purchase
$261,776
$500,000
Urban Design contract services (carryover)
$30,000
Parking Lot Improvements(carryover)
$35,000
Studies / Surveys (carryover)
$15,000
Ave. of Arts/Conrad Connection (carryover)
$0
KDC Site (estimated -memo 3/3/99 -utilities-1st Alley E.)
$0
Commercial Loans
$50,000
$50,000
$50,000
Public Works FY99 (carryover)
$687,136
Water projects
$30,000
$490,000
$525,000
Reconstruct 1st Ave. E., 6th to 12th st.
$650,000
Traffic Signal -1st Ave. W & 3rd St. -Post office
$140,000
Overlays/chip seal
$140,000
$140,000
$140,000
Alley Paving-20 blocks per year
$40,000
$40,000
Storm -reconstruct & raise -1st Ave. E. to 5th Ave. W./Center St.
$35,000
Alley -reconstruct concrete -2nd Alley E./lst to 4th st.
$80,000
Sidewalks ($77,932 carryover fy99)
$152,932
$75,000
$75,000
Parks Dept. Downtown beautification
$30,500
$27,000
$27,000
Hwy 93 South project
$800,000
BID assessments
$11,180
$11,180
$11,180
BID Downtown Improvements requested
$250,000
Hockaday rehab
$50,000
$50,000
County request -Detention center elevator -50% match
$0
County request -Detention 2 cell addition-50% match
$0
County request -Youth Court Services addition-50% match
$0
Health Dept. new building
$0
Street Lights
H.S. -underground sprinklers
$8,000
Redevelopment (unallocated)
$250,000
$200,000
$134,506
Total expenditures requested by year
$4,534,374
$2,257,230
$1,771,311
PROGRAM OF SERVICES
2185
TAX INCREMENT
AIRPORT FUND
REVENUE PROJECTION
ACTUAL
BUDGET
Estimated
PROPOSED
FY97/98
FY98/99
FY98/99
FY99/00
Cash
$0
$587,548
$587,548
$60,078
Sale of Land:
Haven Field
$699,729
$0
$0
Daley Fields 3 acre site
$742,103
$0
$0
$500,000
Daley Fields 7 acre site
$1,220,000
Rosauer's reimbursment - sewer
$27,000
$0
$27,000
Due to other funds
($32,978)
$0
$0
$0
FAA Grant ($116,975)
$0
$90,000
$39,479
$77,496
Mt. Aeronautics Grant
$0
$5,000
$5,000
Purchase contract
$57,329
$39,236
$0
$0
Interest earnings
$54,611
$25,000
$9,000
$10,000
Reals or pymt in lieu
$124 000
Real Estate Taxes 1998
$3,821
$13,684
$2,942
$3,000
Total Available
$1,524,615
$787,468
$643,969
$2,021,574
CAPITAL IMPROVEMENTS
Capital Improvements
Cash Carry Over
$937,067 $787,468 $583,891 $2,021,574
$587,548
$0 $60,078 $0
PROGRAM OF SERVICES
FUND: AIRPORT TAX INCREMENT 2185... DEPT.000, FUNCTION
ACTUAL
ACCOUNT FY97/98
Airport $114,945
Public Works $0
Parks/Ballfields $819,907
Debt Service $2,215
$937,067
STATEMENT OF FUNCTION:
BUDGET
STAFF'S
FY98/99
FY99/00
$132,830
$758,501
$121,347
$1,245,000
$515,218
$0
$18,073
$18,073
$787,468 $2,021,574
The Airport Tax Increment district budget is anticipated to grow with the sale of City
ballfield property known as Daley fields. The sale of the land plus the added
development will, over the next few years, generate a substantial amount of increment.
A developer's agreement is in place with the Rosauers Store development which
guarantees a tax revenue of $142,000 beginning in January 2001.
A developer's agreement is in place with the developers of Southfield Park (formerly
Haven Ballfield) which guarantees a tax revenue of $124,000 beginning in January 1999.
Anticipated revenue or increment will enable the City to fund a share of the
Highway 93 infrastructure project with these funds next year. Should the sale of
property generate the funds indicated on the revenue page there will be available
money for redevelpment projects and airport improvements.
CITY OF KALISPELL
PROGRAM OF SERVICES
FUND: AIRPORT TAX INCREMENT 2185... DEPT.000, FUNCTION
ACTUAL BUDGET STAFFS
ACCOUNT FY97/98 FY98/99 FY99/00
430300 Airport B-1
910 Land Acquisition-Timmreck
354 Title searches, etc.
522 Administrative transfer
356 Master Plan -Phase I- $45,222 complete 3/99
Master Plan -Phase II-$81,400
934 Airport redevelopment (unallocated)
934 Capital Imp. Fog Seal & Fence
Fencing phase II
Airport total
Public Works:
950 Sewer & Storm drainage-Rosauers
950 City share Access Road - Rosauers
410
430420 Hwy 93 South Project
950 Construction in Progress
430264 Traffic Control devices
943 Traffic Signal
Public works total
436 Parks Department:
460446 Ballfields-Capital Improvements
934 Construction & Engineering
Debt Service:
490530 Debt Service-Timmreck
,10/620 Prin. & interest
Total Budget
$100,000 $0
$2,422 $2,610
$0 $10,220
$12,523 $32,700
$67,300
$0 $20,000
$114,945 $132,830
$0 $80,000
$0 $15,000
$0 $26,347
$0 $121,347
$819,907 $515,218
$2,215
$937,067
$18,073
$787,468
$0
$0
$10,501
$0
$81,400
$641,600
$0
$25,000
$758,501
$80,000
$15,000
$1,000,000
$150,000
$1,245,000
$0
$18,073
$2,021,574
CITY OF
PROGRAM OF SERVICES
2188
TAX INCREMENT
WESTSIDE
IMPROVEMENT DISTRICT
REVENUE PROJECTION
AMENDED
BUDGET ESTIMATED
BUDGET
FY98/99
FY98/99
FY99/00
Cash on Hand
$0
$0
$147,500
Real Estate taxes (billed)
$90,000
$180,500
$180,000
Interest Earnings
$0
$2,000
$8,000
Total Available
$90,000
$182,500
$335,500
EXPENDITURE PROJECTION
Urban Renewal Projects
$90,000
$35,000
$335,500
$90,000
$35,000
$335,500
Cash Carry Over
$0
$147,500
$0
CITY OF KALISPELL
4/9/991:53 PM
PROGRAM OF SERVICES
EXPENDITURE SUMMARY
FUND: WESTSIDE TAX INCREMENT 2188... DEPT.000, FUNCTION
ACTUAL BUDGET STAFF'S
ACCOUNT FY97/98 FY98/99 FY99/00
Capital Improvements $0 $90,000 $335,500
$0 $90,000 $335,500
STATEMENT OF FUNCTION:
The Westside Urban Renewel District budget is based on the cash carryover
and an equivalent amount of tax revenue to be generated next year. Due to
circumstances in the Mall and shifting of stores from the Mall to the Downtown
district there may be more or less increment. Personal property tax rates
are decreasing also. This budget may have to be revised at a later date.
CITY OF
4/9/991:53 PM
CITY OF KALISPELL
4/9/991:53 PM
PROGRAM OF SERVICES
Line Item Detail: Westside Urban Renewel District
840 Redevelopment Activities (unallocated)-$47,000
933 Facility Plan Consultants-$5,000
The funding for the planning phase including the demographics will be split
with the three Urban Renewel Districts, the Water Fund, Sewer Fund and Storm.
950 Sewer Construction-$15,000
Installation of a Generator for the Liberty Street Lift Station
950 Storm Construction-$175,000
Drainage improvements for the Meridian Road Project. The amount needed
is $350,000 and will be funding over two years.
368 Streets- Chipseal and Overlays-$70,000
Estimated costs for work in the district. See maps.
934 Parks Improvements-$23,500
Greenbrier Park improvements to the playground - $14,000
Hawthorne Park tennis and basketball court improvements - $9,500
OF KATTSPF,1.1,
CIL1N2 91I09uI