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4. Payment in Lieu of Taxes Agreement - Accessible Space, Inc.PLANNING FOR THE FUTURE REPORT TO: Kalispell Mayor and City Council FROM: Sean Conrad, Senior Planner Jane Howington, City Manager Planning Department 201 1" Avenue East Kalispell, MT 59901 Phone: (406) 758-7940 Fax: (406) 758-7739 www.kalispell.com/planning SUBJECT Payment In Lieu of Taxes — Accessible Space, Inc. (ASI) Senior Apartment Project MEETING DATE: December 21, 2009 BACKGROUND: In July of 2009 the city council adopted Resolution No. 5374 which requires the Planning Department to negotiate a payment in lieu of taxes (PILT) agreement with non-profit entities which compete with for -profit entities. ASI is a non-profit entity which will provide apartment housing for low income seniors. The city council determined that ASI will be competing with other for - profit apartments throughout the city. As part of their conditional use permit, the city council required ASI to enter into an agreement with the city for an annual PILT payment. This agreement is required to be in place prior to the Building Department issuing a building permit for the apartment project. The Planning Department contacted ASI to determine the cost to construct the apartment building and property value of the site. Value for the future finished building was estimated at $1,575,000 with the land value at $600,000 and land improvements (earthwork, landscaping, site utilities, parking lot and walkways) at $205,000. With these figures the Planning Department staff contacted the Montana Department of Revenue who provided a total market/ productivity value for ASI's project (land, building, improvements) for the years 2002 and 2009. Based on these values planning staff entered the information into a property tax calculator operated by the Department of Revenue to determine the yearly taxes from 2008 to 2014. A copy of the tax calculator information sheet is attached. Based on the property tax calculator, an initial annual PILT payment of $4,700.00 to the city would be required if ASI was a for -profit entity. As part of Resolution No. 5374, the Planning Department is also required to prepare a cost of services analysis. The cost of services analysis (copy attached) is an estimate of the city taxes the non-profit entity would otherwise pay if it were not tax exempt as well as a reasonable annual estimate of the cost of services the city provides the property. The analysis concludes that to provide services to the future apartment complex would cost the city roughly $12,000 per year over the anticipated revenue generated by assessments. Therefore, planning staff requested ASI pay the entire initial annual amount of $4,700 calculated by the state's property tax calculator to help defray part of the cost of services that the city could expect to provide the future apartment complex. ASI agreed to the initial annual payment of $4,700 to the city. RECOMMENDATION: A motion to approve an initial annual payment in lieu of taxes of $4,700 and direct staff to finalize the agreement between the city and ASI would be in order. FISCAL EFFECTS: Minor negative impacts once fully developed. ALTERNATIVES: As suggested by the city council. Respectfully submitted, Sean Conrad lane Howington Senior Planner City Manager Report compiled: December 15, 2009 c: Theresa White, Kalispell City Clerk Dan Billmark, Director of Real Estate Development, Accessible Space, Inc. 2550 University Avenue, Suite 330N, Saint Paul, MN 55114 Attachments: Cost of services analysis Property tax calculator analysis ESTIMATED COST OF SERVICES ANALYSIS Project Name: Accessible Space, Inc. Date: Dec-09 Calculated By: Kalispell Planning Department Number of dwelling units proposed: Estimated Increase in population: 2.20 Expected number of people per acre: -`W7674 Average square foot per lot: "43;560e%�z- <- approximate # of people per acre Per capita costs based on increase in population: 51 SERVICE POPULATION COST (2009) TOTAL Fire 50.6 76.19 $3,855 Police 50.6 122.69 $6,203 Administration 0.53 %, '- $71 Solid Waste (none for 5 years) 50.6 0 $0 Costs per dwelling unit or Equivalent Residential Unit( RU): 23 SERVICE NO. OF UNITS COST (2009) TOTAL Roads 23 219.00 $5,037 Water 23 56.00 $1,288 Sewer 23 103.00 $2,369 Wastewater Treatment 23 122.00 $2,806 Stormwater 23 43.50 550 $1.001 Parks 23 71 $1,633 ITOTAL ANTICIPATED COST OF SERVICE Assessments based on average square foot per lot: 43,560 ASSESSMENT 2009 ASSESSMENT TOTAL Storm sewer assessment: 0.00999 $827 Street maintenance assessment: 0.01803 $1,492 Urban forestry assessment (cap $300): 0.00171 $142 Light maintenance assessment (cap $300): 0.003 $0 Special assessment: $0 No. of Units AVERAGE BILL 2009 Average water and sewer bill 23 447.40 $10,290 TOTAL ANTICIPATED REVENUE FROM ASSESSMENTS = - ".$IIZ7511- ITotal Sewer Impact Fee ($) 2009: 2499.00 1 -:446,22 I Total Water impact Fee 2009: 2 Meter Size °$17J0 ITotal Storm Impact I-ee 2009: `"$119337.25 ITotal Police Impact i-ee '$805:00;- I otal Fire Impact Fee ($) 2009: a49;959.00 I otal I ransportation Impact Fee ($) 2009: 00 rTotal —Project Impact Fee ($) 2009: 499,7,14:L,,'-" Note: All items marked "Ibc!"will be determined on an individual basis by the City. 15—TO,TAL?A — NTLIP.IFAT.EDIREVENUF-iGENERATr:D�TDaT.HEiCITV,'(IT.EMSr2fAND,,3)rrr�r4 ,$17;527-� E,AMFA—CT;IFEEfRAYMENT,.TU-,THEiC M— ITEM,4)­�rp'.�� 4-- 11 :$99,714 �J 17,,i NE,T}REV-EN4T0 T,HECi. n : PERtY.EAR,(rr,EM)24,' ,$6,735;67 Projected Property Tax Impact of Montana Reappraisal if Mill Levies are Held Constant - Residential Legal Ownerlsj: 2009 Assessment Notice Date: 6/25/2009 OWNER 1, PROPER T Property Subject to Taxation Assessment Code: 576435 School District: 057706 Duluth County 2008 Mill Levy: 0758.940 1000 S Skyline Drive Rm 1 Duluth, MT 59699-0000 THIS IS NOT A TAX BILL. For details about your.propefty taxation values, please visit your local Department of Revenue -Office or call 40&555-1212. r - Market/ Productivity previous 'Current Value Year, - : ?year Legal Description Property Taxable As of As of 'Taxable ':Taxable ,; Geocode Classification `-Percent Quantity 1/112002 7/1/2008 ',Value Value DETROIT LAKES ADDN, s36, T10 N, Residential Citylrown Lots - 2.93% 0.25 30,468 78,531 r605 7,13 R04 W, BLOCK 144, Lot 011, CANNON ADD BLK 144 PT LT 11 LTS 12-13 PERPICH BLK 144 PT LT 12 57-1B.2-1-30-15-0000 -Residential Cltyffown 2.93% 0 56,982 134,399 A 132 1,294 F Lots Totals 87,450 212,930 A;737 '?21007 NOTE: The total values In the shaded columns provide the best value change comparisons and reflect trt-gislatui#6reappraisal mitigation strategy. Livestock shown on this notice are exempt from property tax but are subject to a per capita fee Inat is billeclin November. If you have questions or concerns, please contact your local Department of Revenue offlc4 We welcpme hearing from you. Enter Information from Your 2009 Residential Property A sess ent Notice Below Total Market Productivity Value as of 1/1/2002 $1,396,519 Total Market/Productivity Value as of 7/1/2008 $2,131,274 Mill Levy (Upper Right on Assessment Notice) 0.17 Return to: City Clerk City of Kalispell P.O. Box 1997 Kalispell. MT 59903-1997 THIS AGREEMENT is entered into this day of December, 2009, by and between Accessible Space, Inc., a Minnesota corporation, ("ACCESSIBLE SPACE"), of 2550 University Avenue, Suite 330N, Saint Paul, MN 55114, its successors and assigns, and the City of Kalispell, Montana (the "City"). WHEREAS, the City, on July 20, 2009 approved a Conditional Use Permit for the benefit of ACCESSIBLE SPACE to construct and manage a 23 unit two story apartment building for very low income senior citizens. WHEREAS, ACCESSIBLE SPACE as a federal and state recognized nonprofit corporation and therefore exempt from certain real property taxes and personal property taxes under Section 15-6-201, Montana Code Annotated; and WHEREAS, ACCESSIBLE SPACE, in recognition of the City's consideration of approving the Conditional Use Permit and providing essential municipal services to the property, agrees to make certain payments in lieu of such taxes; and WHEREAS, such payments by ACCESSIBLE SPACE are being made as a business expense and will defray the cost of certain necessary services provided by the City to ACCESSIBLE SPACE as owner of above described Project. NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows: 1. Payments In Lieu Of Taxes: Procedure For Calculating ACCESSIBLE SPACE agrees that it shall pay to the City annual payments in lieu of taxes ("PILOT"). Generally speaking, the amount of the PILOT will be based on the current market value of the Real Property (as defined below) and Personal Property (as defined below) comprising the Project that is subject to taxation multiplied by the current rate of taxation applicable to the class or type of property, times the current mills levied by the applicable taxing jurisdictions as more fully described in this Section. (a) Current Value of Real Property. The property constituting the Project and currently subject to property tax consists of a parcel of land with no improvements (the "Real Property"). Value for the future finished building is estimated to be $1,575,000 with the estimated value of the land being $600,000 and an additional value of land improvement in the nature of site work, utilities and amenities estimated to be $205,000. Given the agreed upon estimated values set forth above, the parties agree that the property tax that would otherwise be paid by ACCESSIBLE SPACE on the real estate, based upon the .170 Mill Levy for 2008 would be $4,700 for the year 2008. See Exhibit `B" attached hereto and incorporated fully herein by this reference. (b) Determination of Market Value of Real Property. The market value of the Real Property will only be adjusted upon reappraisal. The City shall apply the then existing rate of taxation to the taxable value of the Real Property for such tax year. No later than October 1 of each year the City shall notify ACCESSIBLE SPACE of the then existing rates of taxation for the then current fiscal year and the taxable value of the Real Property for the fiscal year. (c) Determination of Market Value of Personal Property. So long as personal property is subject to taxation under Montana law, the PILOT attributable to such Personal Property shall be calculated as follows: On or before July 1 of each year, ACCESSIBLE SPACE will submit to the City, on a form provided by the Department of Revenue, a sworn statement setting forth all Personal Property owned by, in possession of, or under ACCESSIBLE SPACE'S control and the date of acquisition and the purchase price of such Personal Property. The City will consult with the Flathead County Assessor (the "County Assessor") to determine the value of the Personal Property, using the methodology and schedules utilized by the County Assessor to determine the market value of other personal property in the County. The City shall apply the then applicable rate of taxation to the market value of the Personal Property to determine the taxable value of the Personal Property for such tax year. No later than October 1 of each year, the City shall notify ACCESSIBLE SPACE of the market value, the then existing rate of taxation to be applied for such year and the taxable value of the Personal Property. (d) Mill Rates and Taxing Jurisdictions. The City will calculate the amount of PILOT that will be due and payable for each fiscal year through the term of this Agreement by multiplying the taxable value of the Real Property and Personal Property for the subject tax year, as calculated in accordance with Section 1(b) and Section 1(c) respectively, or as provided by Montana Department of Revenue, by the number of mills levied for the fiscal year by the City and notify ACCESSIBLE SPACE of such amount no later than November 30 of each year. (e) Special Assessments: ACCESSIBLE SPACE acknowledges and agrees that it is not exempt from City's special assessments and it will pay the same and that it will be assessed in the future, regardless of any property tax exemption ACCESSIBLE SPACE may receive, provided that any such special assessments shall be paid from the available cash flow of ACCESSIBLE SPACE, represented as gross rental income less operating expenses and required reserves, and shall not constitute a forecloseable or executable lien against the Project until such time as available Cash Flow would allow for such payment and then only to the extent that available Cash Flow would allow for such payment. Any such special assessments that are not paid when otherwise due and owing shall accrue and earn interest at the same rate, calculated in the same manner, as delinquent property taxes under the laws of the State of Montana. At this time ACCESSIBLE 0 SPACE is obligated to pay special assessments for Kalispell Garbage, Kalispell Storm Sewer, Kalispell Special Maintenance District, Kalispell Lighting 50 and Kalispell Urban Forestry. 2. Procedure For Payment ACCESSIBLE SPACE agrees to pay the City each fiscal year during the term of this Agreement, commencing with the fiscal year beginning July 1, 2009, the amount calculated as a PILOT, reduced by the amount of any such property tax actually paid (not including special assessments) with respect to the Project by ACCESSIBLE SPACE or its general partners with respect to such tax year. Fifty percent (50%) of the PILOT shall be due and payable semiannually on the fifteenth day of December and June of each year, beginning June 15, 2009, and shall be paid by ACCESSIBLE SPACE directly to the City. ACCESSIBLE SPACE may, to the extent allowed by law, seek reimbursement from federal and/or state agencies of the amount so calculated as the PILOT. Any portion of the PILOT not paid when due shall bear interest at the same rate, calculated in the same manner, as delinquent property taxes under the laws of the State of Montana and such delinquent amounts will become liens on the property in the same manner as delinquent taxes shall become a lien against the Project to the extent permitted by law. 3. Reimbursement The City acknowledges that ACCESSIBLE SPACE may, to the extent allowed by law, seek reimbursement from federal and/or state agencies for the required PILOT. The City agrees to cooperate fully with ACCESSIBLE SPACE, without expense to the City, in the efforts of ACCESSIBLE SPACE to apply for and collect such reimbursement. 4. Term This Agreement shall continue in effect so long as ACCESSIBLE SPACE, or its successors and assigns, as the owner of the subject property is exempt from federal or state property taxes. 5. Governing Law This Agreement shall be governed and construed in accordance with the laws of the State of Montana. 6. Notices All notices, reports or other communications relating to this Agreement shall be sent to the parties at the following addresses, unless otherwise provided by one party to the other party in writing: To ACCESSIBLE SPACE ACCESSIBLE SPACE, INC. Attn: Chief Financial Officer 2550 University Avenue Suite 330N Saint Paul, MN 55114 To the City: City of Kalispell Attn: City Manager P.O. Box 1997 Kalispell, Montana 59903-1997 7. Recording The document shall be recorded in the office of the Flathead County, Montana Clerk and Recorder. 8. Severability In the event any provision of this Agreement shall be held invalid or unenforceable by any court or competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof. 9. Amendments, Changes, and Modifications This Agreement may be amended or any of its terms modified only by written amendment authorized and executed by the City and ACCESSIBLE SPACE. 10. Further Assurances and Corrective Instruments ACCESSIBLE SPACE and the City agree that they will, if necessary, execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such supplements hereto and such further instruments as may reasonably be required for correcting any inadequate or incorrect description of the Project or for carrying out the expressed intention of this Agreement. 11. Execution in Counterparts This Agreement may be simultaneously executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. 12. Captions The captions or headings in this Agreement are for convenience only and in no way define, limit or describe the scope or intent of any provisions or Sections of this Agreement. 13. No Assijznment ACCESSIBLE SPACE may not assign its rights under this Agreement without the written consent of the City to any such assignment. IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the day and year first written above. ATTEST: Theresa White City Clerk CITY OF KALISPELL RE Jane Howington, City Manager ACCESSIBLE SPACE, INC. Its Chief Executive Officer 5 STATE OF MONTANA ) ) ss. County of Flathead ) On this day of , 2009, before me, a Notary Public for the State of Montana, personally appeared Jane M. Howington and Theresa White, respectively, proved to me to be the persons whose names are subscribed to the within instrument, and acknowledged to me that they each executed the same in their respective authorized capacities as City Manager and City Clerk of the City of Kalispell. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year hereinabove first written. STATE OF ss. County of Printed Name: NOTARY PUBLIC for the State of Montana Residing at: My Commission expires: On this day of , 20_, before me, a Notary Public for the State of , personally appeared and proved to me to be the person whose name is subscribed to the within instrument, and acknowledged to me that he/she executed the same in his/her authorized capacity as ACCESSIBLE SPACE, INC, a Minnesota not for profit corporation. of the IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year hereinabove first written. Printed Name: NOTARY PUBLIC for the State of SEAL Residing at: My Commission expires: Exhibit "A" " Parcel A of Corrected Certificate of Survey No. 13066 located within the NW 1/ of Section 6 Township 28 North, Range 21 West, P.M.M. Flathead County, Montana. Exhibit"T" Projected Property Tax Impact of Montana Reappraisal if Mill Levies are Held Constant - Residential Legal owner(s): 2009 Assessment Notice Date: 612512009 OWNER 1, PROPER T Property Subject to Taxation Assessment Code: 576435 School District: 057706 Duluth County 2008 Mill Levy: 0758.940.+— A L 1000 S Skyline Drive Rm 1 Duluth, MT 59699-0000 THIS IS NOT A TAX BILL For details aboutyoa4rope6 taxation V1.i-'-P"... visit vour local Devartment of R.venliff.OffiCe or cAll 4116*55-121!7 Matketl Productivity 'Previous, 4Cummt,` Value tye.r. Year. Legal Description Ge-ode Property cI—If%qn Percent Quantity As I' As of 1/112002 7111120011 `Taxable;} !,i walue.. :7axabla7� lvalu.: DETROIT LAKES ADDN, s36, 710N, Reside"Cityrrown. Lots�E-' 2.93% 0.25 30,468 78,531 +606- 71.5 R0L4 W' BLOCK 144, Lot 011, CANNON ADD BLK 144 PT LT 11 LTS 12-131C PER K H B 144 PT LT 12 57-18P86-26-L130-154= 0 � Improvementsb ,Residential City/Town Lots 2.93% ol 56,9821 1 34,399, 11-,132 -4-.294 I Totalsl 87,4501 212.9301,1� I -r�1372TJ -2MD71 NOTE: The total values in the shaded columns provide the best value change comparisons and reflect td co �eglslaturl �Teappralsal mitigation strategy. L{vestock shown on this notice are, exempt from property tax but are subJecttoapercapitafee at is bills In November. I If you have questions or concerns, please contact your local Department of Revenue offici. We wet )me hearing from you. Enter Information from Your 2009 Residential Property Asessi nent Notice Below Total Market Productivity Value as of 1/1/2002 $1,396,519 Total Market/Productivity Value as of 7/1/2008 $2,131,274 Mill Levy (Upper Right on Assessment Notice) 0.17 Pseuious A0 2011 WEZ I 6 pw 2,0M -!Pfia'i�� a .0 ar-MMMMM MINIM im-� qp �g- `5 7 N. ��Fn��F 40- I MOM IRAN 0513- R im M- &-i"wal 1 11 iodt— INNER ? 00 17.&F C).aff'o 17 >afedC�6 2 faxes tfl"our�ART,- 7 - 4 -7r 55� J: s- Z: aalga q--.V