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Resolution 4675/Sale of Lot 1, Daley FieldOwm LVALVA RESOLUTION NO. 4675 A RESOLUTION AUTHORIZING THE SALE OF A PORTION OF THE NORTHWEST QUARTER OF SECTION 20, TOWNSHIP 28 NORTH, RANGE 21 WEST, FLATHEAD COUNTY, MONTANA KNOWN AS LOT 1, DALEY FIELD SUBDIVISION, TO WHITEFISH CREDIT UNION, A MONTANA CORPORATION, AND AUTHORIZING THE CITY MANAGER TO ENTER INTO A PURCHASE AND SALE AGREEMENT WITH WHITEFISH CREDIT UNION. WHEREAS, the City of Kalispell, a municipal corporation, owns certain real property described in Exhibit "A", attached hereto and thereby made a part hereof, and WHEREAS, by Ordinance No. 1242 the City Council created the Kalispell City Airport/Athletic Complex Redevelopment Plan and approved, as an urban renewal project, the sale of said property to a developer and further authorized the City to enter into a Development Agreement with a developer upon terms and conditions consistent with said Ordinance, and WHEREAS, in April, 1999, the City Council authorized the City Manager to offer said property for sale and redevelopment in accordance with the Plan, and WHEREAS, Whitefish Credit Union submitted a proposal .for the purchase of said property and redevelopment of said property for purposes consistent with Ordinance No. 1242, and i WHEREAS, the City and Whitefish Credit Union desire to enter into a Purchase and Sale Agreement consistent with the proposal submitted by Whitefish Credit Union, and WHEREAS, the City Council desires to sell said property to Whitefish Credit Union for redevelopment as specified in the Purchase and Sale Agreement, and WHEREAS, said property is not held in trust for a specific purpose and an election is not necessary to affect its sale, and WHEREAS, the Purchase and Sale Agreement shall comply in all respects with Ordinance No. 1242 and said sale will be in the best interest of the City of Kalispell and its inhabitants. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, AS FOLLOWS: I SECTION I. That the City Manager is hereby authorized to enter into negotiations with Whitefish Credit Union and reduce to writing a Purchase and Sale Agreement consistent with the Airport/ Athletic Complex Redevelopment Plan, the Daley Field Offering Document, and the Redevelopment Proposal of Whitefish Credit Union. SECTION 11. That upon review and approval of the Purchase and Sale Agreement by the City Council, the Mayor and City Clerk are hereby authorized to execute all legal documents necessary to transfer, by Grant Deed, all the City, s right, title and interest in the property described as a tract of land in the Northwest Quarter, Section 20, Township 28 North, Range 21 West, Flathead County, Montana known as Lot 1, Daley Field Subdivision, to Whitefish Credit Union, said sale being contingent on receipt of the sum of not less than $459,520.32 less any amounts previously received. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 7TH DAY OF !&N-VARY, 2002. Pamela B. keqedy Mayor ATTEST: Theresa White City Clerk F M EXHIBIT "A" The following described land in the City of Kalispell, Montana, more particularly described as follows: Lot 1, Daley Field Subdivision, Northwest Quarter, Section 20, Township 28 North, Range 21 West, P.M.M., Flathead County, Montana according to the plat on file in the Clerk and Recorder ' s Office, Flathead County, Montana. E HEAR THE PUBLIC Pauline Sjordal, 234 3rd Avenue West, thanked everyone for their help and participation for First Night Flathead, stating over one thousand people attended. she stated First Night is also looking for new board members and anyone interested should contact her. Annie Robinson, 501 W. Arizona, commented she believes the City will have a more cohesive Council with the new members and she feels Kennedy will make a good leader. Leistiko moved Resolution 4575, a resolution authorizing the sale of a portion of the Northwest Quarter of Section 20, Township 28 North, Range 21 West, Flathead County, Montana known as Lot 1, Daley Field Subdivision, to Whitefish Credit Union, a Montana Corporation, and authorizing the City Manager to enter into a purchase and sale agreement with Whitefish Credit Union. The motion was seconded. There was discussion. Hafferman asked if the money received will be placed in a specific fund for the realignment of the City airport and not into the general fund. Kukulski said there isn't a formal fund for the realignment, however, the money will be placed in the Airport Tax Increment Fund' and not the general fund, along with the money received from the sale of Lot 3 last month. Hafferman requested an agenda item be placed on the next work session for the Council to discuss and formally earmark the money for the airport realignment. Leistiko stated there hasn't been a budget for the Airport TIF because there hasn't been any money in the fund. He agreed that the Council needs to discuss how that money's going to be spent. Kalispell City Council Minutes January 7, 2002 Page 3 The bidding process included three criteria: 1) cash at closing; 2) closing to take place within 90 days of bid award; and 3) construction is to be completed by 2004. The two offering documents met the first two criteria, however, neither offer could guarantee completion by 2004. Kenyon asked if there was going to be any problem with the offers not meeting the third criteria.. Kukulski stated the City's bond counsel feels the City, since 1997, has made every attempt to sell this property in compliance with State law and not meeting the third criteria isn't a problem. Susan Moyer, Community Development Director, said the reason Whitefish Credit Union is estimating construction completion for 2006 is because they want to make sure the site can be utilized to its maximum and that depends on the highway. She said if the highway reconstruction is finalized soon, then they would consider moving up the completion date. The motion carried unanimously upon roll call vote. RESOLUTION 4676 - HOME GRANT Resolution 4676 authorizes the acceptance of $428,000 in HOME Grant funds for the construction of a 40-unit senior housing project. Larson moved Resolution 4676, a resolution authorizing acceptance of Montana Department of Commerce Home Investment Partnership Program Grant funds in the amount of $428,000 for the Second Avenue West Senior Housing Project; establishing a $428,000 budget to be funded with the award; adopti9on of a management plan for the project; and establishing an effective date. The motion was seconded. There was discussion. Moyer said this is the second of two grants for this project and total $900, 000 which will be loaned to the developers. She said the developers will pay back the money with principle and interest which will allow the City to recycle the monies back into the community for other eligible housing activities. Counsell asked when construction on this project can start. Kalispell City Council Minutes January 7, 2002 Page 4