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05-06-86 Parking Comm MinutesMay 6, 1986 PARKING COMMISSION 2:00 P.M. • Chairman Gordon Pirrie and Commission members Colin Wills, Bob Ivey, Harry Farrington, Chief Stefanic and Ed Gallagher present. Mayor Kennedy, Building Official Jackson, Gary Christiansen, Chuck Mercord and John McMillan and Bill Paullin from First Federal, and Roger Hopkins of the Daily Inter Lake also in attendance. FIRST FEDERAL PARKING LOT - Chuck Mercord referred to a letter the bank had sent to Gordon Pirrie which contains some facts he felt needed to be added to the appraisal of the lot. (Letter attached to original minutes). After a short discussion the Committee agreed to recommend to the Council that the City purchase the lot for $150,000. A copy of the letter will be included with the minutes so Council will be prepared to vote. REMODELING OF FIRE HALL - Mayor Kennedy stated that he had heard of a parking structure plan for Third Street and asked if there was any problem with going ahead with the renovation of the old fire hall for office space. He was told that the plan had been dropped because of the lack of funds. Bob Ivey said that personally he felt it would have made better parking spaces than storage as it has been for several years, but he had no problem with the plan for office space. Ed Gallagher told the history of the project: With the sale of the Elms property the funds were to go for demolition of both of the old buildings except that Mayor Happ vetoed demolition of the old fire hall. Gary Christiansen said that if the City goes haead with the remodeling it will be the second time the City will go back on it it's word to demolish the building and use the area for parking. He felt the City was being hypocritical to tell businesses what they must do and then go back on their original commitment when parking on the east side is in such demand. Mr. Pirrie said he would prefer spending twice the $52,000 to build a new structure that will last rather than putting the money into the old building. Mr. Christiansen stated that the multi -level parking facility idea will need to be resurrected to meet parking needs for the east side, and then the building would have to go. Mr. Pirrie shared his idea that the parking facility plan would be good for the KM Building, and went on to suggest that skywalks through the downtown area should be looked at for the future. He said it might be a good idea for the City to rent temporary space for a year or so in order to look at long range plans. Mayor Kennedy indicated he would go back and read the minutes to see what transpired but that he had trouble agreeing with parking spaces being of more value than office space. CASH IN LIEU OF PARKING - This was a long discussion which included the following comments, suggestions and ideas: Norbert Donahue joined the meeting and stated that the Commission should not change the parking ordinance but rather deal with each case individually, set a price based on facts, but leave the ordinance intact as a control tool. Gordon Pirrie recommended a charge of $300-$400/space, with terms. Make charge reasonable enough to not drive away developers. Giving cash in lieu of perking spaces does not relieve the pressure • of a bad parking situation, but does provide income to help relieve it. When the downtown redevelopment went into effect an arbitrary number of parking spaces was set for each of the downtown buildings according to square footage and use. PARKING COMMISSION • May 6, 1986 Page 2 Until a dollar amount is set which can be defended it would be hard to enforce. Criteria for setting fee: 1) stimulate growth and development down- town, and 2) don't offend thsoe who have already paid out for parking. Gary Christiansen said he is being asked to pay in lieu of parking, he will be paying increased taxes because of the remodeling, and he is already paying for parking spaces for his employees. How many times should he be expected to pay? If the Commission doesn't want the downtown to come to a screeching halt the fees must be reasonable. Where in downtown can you buy parking spaces within the 500 foot of your business that is required? Resale possibilities are nil if parking requirements are not eased or a reasonable solution found. A solution that is economical, justifiable, controlable, and workable is needed. Building Official Jackson said that new buildings are not the problem, but the formula for providing parking for existing buildings when the use is changed is the problem. • N. Donahue gave a history of the ordinance and the thinking that went into it. Before the ordinance anyone could bring in any kind of business and not provide any parking. Meters were installed in an attempt to help and they did keep the traffic moving, but traffic numbers have increased. The ordinance was drafted with the idea of being flexible. Credit was given for existing businesses. Recognizing the physical impossibility of buying parking adjacent to the downtown businesses the cash in lieu of was added so the City could purchase parking elsewhere. The Parking Commission was created to assess the impact of businesses and recommend to the Council the best solution - based on facts vs. emotions. Mr. Donahue stated he felt it was a good ordinance and flexible enough to mold to each situation. The question of the City being responsible for providing parking was raised but the response was that it was only responsible to use the money to help alleviate parking problems. The number of spaces required cannot be juggled, but the amount charged per space can be. Suggestion that there be a fixed figure per space with the option for an individual to come and request a variance. The entity making the impact on the area should provide for parking, not the City without help from that entity. • The Commission asked Building Official Jackson to contact other cities to see what they are doing with downtown parking problems. He will report back. ajg OIRST FEDERAL SAVINGS BANK May 5, 1986 Mr. Gordon Pirrie, Chairman City of Kalispell Parking Commission City Hall Kalispell, MT 59901 Dear Gordon: Thank you for the opportunity to review the appraisal on First Federal's parking lot which has been offered for sale to the Kalispell Parking Commission. Mr Brown's appraisal indicates the site without the improvements is valued at $7 per square foot or $122,500, and the paving and other improvements contribute an additional $5,000 for a total • fair market value at $127,500. In as much as First Federal has been evaluating and lending on properties in Kalispell for thirty years, we feel we have a fair understanding of values, and it is our sincere opinion this evaluation does not reflect fair market values for the following reasons: 1. Mr. Brown did not include the most recent comparable sale on Main street in his appraisal. 2. Mr. Brown did not use comparably located sites and sales in his evaluation. 3. Evaluations received from two real estate brokers reflect much higher evaluations in the $9.50 to $10 per square foot area, which in fact, reflects an improvement in values over the past few years. We enclose copies of correspondence. 4. Two sales completed since Mr. Brown's appraisal, one Hardee's Family Restaurant, reflect a higher market value. These, plus the sale of the above mentioned reflect an improvement in property values over the past two years rather than a decline. • 5. The property evaluated is existing and is to be used as a parking lot; and currently owned city parking lot on FIRST FEDERAL SAVINGS BANK OF MONTANA — P.O. Box 27 • 202 Main Street • Kalispell, MT 59903-0027 • 406-755-7101 Mr. Pirrie page 2 5/5/86 • First Avenue West's actual cost including improvements is considerably more than the subject property. 6. Current property valuation for tax purposes is substantially higher than Mr. Brown's evaluation. Examples: 1. The surface parking lot located on lots 15 and 16, Block 36, recently sold for $70,000 cash or $10 per square foot. This is shown as listing #2 on the appraisal report. (It is my understanding the buy -sell was signed last December.) 2. Possibly it may be more appropriate to extract a land value from an improved Main Street location such as the pending China Shop sale (almost across the street from our lot), the pending Ford Building Sale (similar location) or even the Western Outdoor Store sale of a few years ago. 3. The Equity sold the west half of Blk 15 for $350,000 cash or $8.45 per square foot. It is reported neither the buyer nor the seller attributed any value to the service station which is to be razed. 4. Hagel sale to Hardee's Restaurant, part of lots 5 & 6 and all of lots 7 & 8, Block 15, which is 9,250 square feet, sold for $135,000 or an average price per square foot of $14.59. 5. Although final figures are not yet available, preliminary information obtained from the Department of Revenue indicates the new appraisal of our lot for property tax purposes will be in the $9 per square foot range. 6. Mr. Brown indicates the land value for sites such as Aluminum Products lot located on First Avenue West ($7.15 per square foot) at • a higher value than ours. I personally do not feel this is comparable in value or location. Mr. Pirrie page 3 5/5/86 • • n U In addition to the above comments, as a basis for reconsideration of the value by your appraiser, I am providing the attached schedule of vacant sites which have sold in Kalispell. As you can see by reviewing the sales, the $7 per square foot certainly seems low. In an effort to negotiate a fair price to all and to continue the positive redevelopment effort in uptown Kalispell, we are again willing to reduce our asking price on this property to a below actual costs, the same as First Federal has done in the past on other parking lots provided to the City of Kalispell at below costs - the one lot behind the bowling alley, the other lot behind Plaza West, which is currently producing income for the city. This offer of $150,000 is below our costs and the resulting $8.50 a square foot figure appears well below current sales and property tax values. In view of First Federal's strong support of cooperation in the private and public sector for the development of our community, we would hope that after your review of these actual sales and facts that you would consider the $150,000 offer a fair price. President