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13. Resolution 5646 - Budget Resolution - BIDCity of Kalispell Post Office Box 1997 - Kalispell, Montana 59903-4997 Telephone (406) 758-7000 Fax - (406) 758-7758 REPORT TO: Doug Russell, City Manager FROM: Rick Wills, Finance Director SUBJECT: FY2014 Downtown Business Improvement District Budget MEETING DATE: August 19, 2013 BACKGROUND: The Downtown Business Improvement District budget request is for $192,344. The BID levy of 37.5 mills and the square footage assessment of $ .015 are the same tax and assessment rates as the previous year. The BID is a component unit of the City of Kalispell and City Council approval of the budget and work plan is required. The budget and work plan were included in the preliminary budget. RECOMMENDATION: Approve Resolution 5646 adopting the appropriations and work plan for the Downtown Business Improvement District. X r lickWills Finance Director RESOLUTION NO.5646 A RESOLUTION MAKING THE ANNUAL TAX LEVY FOR THE BID (BUSINESS IMPROVEMENT DISTRICT) OF KALISPELL, MONTANA, FOR THE FISCAL YEAR 2013- 2014 AND LEVYING AN ASSESSMENT FOR THE BID FOR FISCAL 2013-2014. WHEREAS, the assessment cost of the Business District for the fiscal year 2013-2014 is estimated to be $24,446, and the levy revenue will generate $63,000 for a total of $87,446. WHEREAS, at a public hearing held on the 15th day of July, 2013, 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 1. 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 2013-2014, the following levy: BUSINESS IMPROVEMENT DISTRICT LEVY 37.5 MILLS SECTION 2. That there is hereby levied upon each and every dollar of the taxable valuation within the Business Improvement District of the City of Kalispell, Montana, for the fiscal year 2013-2014, the following assessment: ASSESSMENT .015 SQ. FOOT SECTION 3. That the annual appropriation for the Business Improvement District of the City of Kalispell, Montana are hereby fixed as follows: BUSINESS IMPROVEMENT DISTRICT $192,344 SECTION 4. The Business Improvement District Board of Directors is hereby authorized to transfer any part of an unencumbered balance: of an appropriation to a purpose or object for which the appropriation for the current year is insufficient or to transfer betweens items appropriated within the fund. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL THIS 19TH DAY OF AUGUST, 2013. ATTEST: Theresa White City Clerk Tammi Fisher Mayor