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Ordinance 966 - Formula to Determine Assessments in SID 3301, 8 4 I ORDINANCE NO. 966 AN ORDINANCE TO ADOPT A FORMULA TO BE USED IN DETERMINING THE ASSESS- MENT OF LOTS WITHIN SPECIAL IMPROVEMENT DISTRICT #330: WHEREAS, the City Council has received a petition to create a Special Improvement District #330 from the Kalispell Parking Com- mission; and WHEREAS, the Kalispell Parking Commission has held numerous pub- lic meetings with owners of property in said proposed District and other -persons interested in the creation of such a District and the formula_to be>used -in determining the assessment of each lot or par- cel within such a district; and, in the course of such meetings and hearings those items.set forth in Sec. #7-12-4161 through #7-12-4165, M.C.A., were considered as well as other items and considerations raised by such persons as would be effected thereby; and WHEREAS, as a result, the Kalispell Parking Commission has pro- posed a formula for such assessment that appears to be equitable and just; and WHEREAS, the City Council has held a public hearing, after due notice, on said proposed formula of assessment and heard all persons concerned who made their wishes known, present any objections they may have to said formula or any part thereof and point out any errors or inequities with their reasons for amendment or correction, and the Council having made any changes or corrections therein deemed neces- sary, right and proper; NOW, THEREFORE, BE IT ORDAINED AS FOLLOWS: The Council does hereby adopt the following formula to be used in determining the assessment of each lot or parcel within Special Improvement District #330 in accord with Resolution #3310: 1) Twenty percent (20%) of the total amount of said District Assessment will be raised by assessment based on the percentage which the square foot area of each lot within the district bears to the total square footage area of the entire district, less streets, alleys, avenues and public places stated as follows: Area of a lot or parcel 20% of total Area of all lots or parcels X amount Of assessment Any lot, parcel or portion thereof within the dis- trict used exclusively for off-street parking or being vacant with no other use thereon, shall be exempt from this portion of the total assessment and, further, such a lot or parcel or portion there- of shall not be included in the total area of the district for this portion of the assessment. 2) Twenty percent (20%) of the total amount of said District Assessment will be raised by assessment based on a distance base determined as follows: The center of the intersection of Main and Second Street is the centroid point; distance factors range from 2000 to 1000 with the closest lot or parcel to the centroid point assigned a 2000 factor and the farthest lot or parcel from such point as- signed a 1000 factor and intervening lots or par- cels assigned a factor in proper proportion to the distance from the centroid point. 1 85 Each lot or parcel will be assessed in the propor- tion which its distance factor bears to the total of such factors of all lots or parcels in the Dis- trict. This assessment is stated as follows: ' Factor for a lot 20% of amount Total of Factors for all X of total assess - lots & parcels in District ment of District 3) Fifty percent (50%)-of the total amount of the Dis- trict Assessment will be raised by assessment based on the proportion of Net Demand for parking spaces which each lot or parcel of land within the Dis- trict bears to the total present deficiency of the total demands for the entire district. The Demand in each case shall be calculated according to the provisions of Chapter 4, Appendix "B" Kalispell City Code, also known as the "City of Kalispell Zon- ing Ordinance". Each lot or parcel will be given credit for parking spaces presently provided to meet the demand for said lot, but no credit beyond a zero - demand will be allowed. This assessment is stated as follows: Net Demand for a lot or parcel 50% of total Deficiency of total demand of X Assessment District of District ' 41 Ten percent (10,1) of the total amount of the Dis- trict Assessment will be raised by assessment based on the general tax assessed value of a lot or parcel and the proportion thereof to the total general tax assessed valuation of all real property within the District as of July 1, 1980, in the records of Flathead County and the Department of Revenue. This assessment is set forth as follows: Assessed value of a lot or parcel 10% of the Total assessed value of the Dis- X total amount trict. of District FINALLY PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, MONTANA, AND APPROVED BY THE MAYOR THIS 15 DAY OF aeeem§Ex' 1980. Norma E. Happ, Mayo ATTEST: Marjori Giermann, City Clerk