10. Resolution 5688 - Budget Resolution - BIDCity of Kalispell
Post Office Box 1997 - Kalispell, Montana 59903-1997
Telephone (406) 758-7000 Fax - (406) 758-7758
REPORT TO: Doug Russell, City Manager
FROM: Rick Wills, Finance Director
SUBJECT: FY2015 Downtown Business Improvement District Budget
MEETING DATE: August 18, 2014
BACKGROUND: The Business Improvement District budget request is for $169,036.
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: It is recommended the City Council approve Resolution 5688
adopting the appropriations and work plan for the Downtown Business Improvement District.
Rick Wills
Finance Director
RESOLUTION NO.5688
A RESOLUTION MAKING THE ANNUAL TAX LEVY FOR THE BUSINESS IMPROVEMENT
DISTRICT (BID) OF KALISPELL, MONTANA, FOR THE FISCAL YEAR 2014-2015 AND
LEVYING AN ASSESSMENT FOR THE BID FOR FISCAL 2014-2015.
WHEREAS, the assessment cost of the Business Improvement District for the fiscal year 2014-2015 is
estimated to be $23,000, and the levy revenue will generate $63,000 for a total of
$86,000.
WHEREAS, at a public hearing held on the 21st day of July, 2014, 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
2014-2015, 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 2014-201.5, 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 $169,036
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 18TH DAY OF AUGUST, 2014.
Mark Johnson
Mayor
ATTEST:
Theresa White
City Clerk