Loading...
12. Resolution 5045 - Budget Resolution - Business Improvement District Mill LevyCity of Kalispell Post Office Box 1997 - Kalispell, Montana 59903-1997 - Telephone (406)758-7700 Fax (406)758-7758 REPORT TO: Mayor Kennedy and City Council Members FROM: Amy Robertson, Finance Director James H. Patrick, City Manager SUBJECT: Business Improvement District Levy & Assessments MEETING DATE: August 15, 2005 BACKGROUND: The resolution is adopted annually to provide a levy to fund the cost of the Business Improvement District of the City of Kalispell. The district has requested the same levy as last year. The mill levy is 37.5 mills. The assessment is $ .015 per square foot RECOMMENDATION: Adoption of resolution setting the levy and assessment FISCAL EFFECTS: The BID anticipates receiving $75,078 in revenue to be used for the costs associated with the Downtown Business Improvement District. Amy H. Robertson Finance Director Report compiled: August 9, 2005 James H. Patrick City Manager RESOLUTION NO.5045 A RESOLUTION MAKING THE ANNUAL TAX LEVY FOR THE BID (Business Improvement District) OF KALISPELL, MONTANA, FOR THE FISCAL YEAR 2005-2006 and LEVYING AN ASSESSMENT FOR THE BID FOR FISCAL 2005-2006. WHEREAS, the assessment cost ofthe Business District for the fiscal year 2005-2006 is estimated to be $23,557.00, and the levy revenue will generate $45,738 for a total of $69,295, WHEREAS, at a public hearing held on the 18th day of July, 2005, the City Council did consider all objections made to said estimates and to the basis of levy and assessments for payment for said costs (included as part of the City of Kalispell budget). BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION I. That there is hereby levied upon each and every dollar of the taxable valuation of the Business Improvement District of Kalispell, Montana, for the fiscal year 2005-2006, the following levy: BUSINESS IMPROVEMENT DISTRICT LEVY 37.5 MILLS SECTION II. That there is hereby levied upon each and every dollar of the taxable valuation of the City of Kalispell, Montana, for the fiscal year 2005-2006, the levy for the said funds to be collected and administered by Flathead County: ASSESSMENT .015 SQ. FOOT PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL THIS 15TH DAY OF AUGUST, 2005. Pamela B. Kennedy Mayor ATTEST: Theresa White City Clerk