Resolution 5670 - Accepting URA Recommendation to Finance Core Area Linear Trail with TIF FundsA RESOLUTION ACCEPTING THE RECOMMENDATION OF THE CITY OF
KALISPELL URBAN RENEWAL AGENCY TO IDENTIFY THAT CERTAIN
PROJECT KNOWN AS THE CORE AREA LINEAR TRAIL PROJECT AS AN URBAN
RENEWAL PROJECT THAT MAY BE FINANCED BY WEST SIDE TAX
INCREMENT FUNDS WHICH WILL BE CONSIDERED AS LOCAL MATCH FUNDS
TO A TRANSPORTATION INVESTMENT GENERATING ECONOMIC RECOVERY
(TIGER) GRANT FOR THE CORE AREA URBAN RENEWAL PLAN.
WHEREAS, the City of Kalispell, pursuant to Ordinance No. 1259, created the West Side
Urban Renewal District on March 17, 1997, and approved the West Side Urban
Renewal Plan; and
WHEREAS, the city, on November 19, 2012 pursuant to Ordinance No. 1717 modified the
boundaries of the Kalispell West Side Tax Increment Financing District to include
additional properties known and identified as the "Core Area", comprising the
area affected by the railroad tracks traversing central Kalispell from east to west
and which includes approximately 364 acres along the rail corridor within the city
limits; and
WHEREAS, after conducting duly noticed and proper hearings for the purposes of collecting
public comment and evidence on the Core Area Plan and after acting legislatively
to amend the Kalispell Growth Policy 2020, the Kalispell City Council, on
February 4, 2013, by Resolution 5605, found it to be in the best interests of the
City to amend the West Side Urban Renewal Plan to include the Core Area Plan;
and
WHEREAS, the duly adopted Core Area Plan as fully described in Kalispell Planning
Department report #KGPA-12-01 includes the goal that neighborhoods be
connected and well served by sidewalks and trails for use by people of all ages
and mobility levels with the policy that provides interconnecting sidewalk and
trail access with a proposed linear trail planned to be constructed when the tracks
are removed; and
WHEREAS, preliminary engineering estimates that the total costs to the city of constructing
the linear trail will be approximately $4.63 million over a five year term; and
WHEREAS, the city currently has $2.87 million in TIF Fund Reserves and anticipates realizing
an additional $9.5 million of incremental TIF Revenue over the remaining life of
the TIF District; and
WHEREAS, on the 17th day of April, 2014, the City of Kalispell Urban Renewal Agency
considered the Core Area Linear Trail Project under the state and local regulatory
rules for use of Tax Increment Funding and made the recommendation to the city
council that the West Side Tax Increment Funds may be used for this project; and
WHEREAS, the Kalispell City Council approves the application for a Transportation
Investment Generating Economic Recovery (TIGER) Grant to fund certain
projects that meet the goals and policies of the Core Area Urban Renewal Plan;
and
WHEREAS, the Kalispell City Council finds that it is in the best interests of the city that it
fund the Core Area Linear Trail Project as a portion of the match required by the
TIGER Grant.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL, AS FOLLOWS:
SECTION-1., That it is the desire of the Kalispell City Council that application be made
for a Transportation Investment Generating Economic Recovery (TIGER)
Grant to fund certain projects that meet the goals and policies of the Core
Area Urban Renewal Plan.
SECTION 2. That the Kalispell City Council hereby accepts the recommendation of the
Urban Renewal Agency that the Linear Trail Project may, under the state
and local regulatory rules for use of Tax Increment Funding, be funded
from the West Side Tax Increment Fund and that such project be offered
as matching funds for the TIGER Grant.
SECTION 3. This Resolution shall become effective immediately upon its passage by
the City Council.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF
THE CITY OF KALISPELL, THIS 21s'DAY OF APRIL9 2014.
ATTEST:
Theresa White
City Clerk
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Mark JM46n
Mayor