14. Resolution 4290 - Resolution of Intent to Approve Certain Urban Renewal ProjectsRESOLUTION NO. 4290
A RESOLUTION CALLING A PUBLIC HEARING ON A PROPOSED MODIFICATION OF
THE KALISPELL, MONTANA URBAN RENEWAL PLAN TO APPROVE CERTAIN
PROJECTS AS URBAN RENEWAL PROJECTS.
BE IT RESOLVED BY THE CITY COUNCIL (the Council) OF THE CITY OF
KALISPELL (the City), as follows:
SECTION I. A public hearing is hereby called and shall be held
on October 21, 1996 at 7:00 p.m. in the Council
Chambers on a proposed modification of the
Kalispell, Montana Urban Renewal Plan. The proposed
modification is the approval of the following
projects as Urban Renewal Projects:
a. Kalispell Center Mall. This project consists
of the acquisition of real property, the clearance
of improvements thereon, construction of certain
public utilities and related relocation activities,
all to make such property available for expansion
of the Kalispell Center Mall. The project is
estimated to cost $2,625,000, which will be funded
from the annual revenues generated from the
Downtown Redevelopment Area (TIF Area).
b. KDC Site (Kalispell Downtown Center)
Development. This project consists of the
acquisition of certain real property, and related
demolition and site work including public
improvements to make the property available for
private development for uses consistent with the
Plan. The project is estimated to cost $2,000,000,
funded from the annual revenues generated from the
Downtown Redevelopment Area (TIF Area).
C. Central School Project. This project consists
of the renovation and rehabilitation of the old
Central School building. The building could be
used for multi -purpose community and educational
facilities, along with offices and museum space.
The total cost of this project is estimated to be
$2,500,000, funded from the annual revenues
generated from the Downtown Redevelopment Area (TIF
Area).
d. Affordable Housing: Elimination of Blight.
This project is a Private Multi -Family Housing
Density Development Incentive Program designed to
enable the City to: (1) offer incentives to both
1
SECTION II.
existing property owners and private developers
desiring to purchase substandard dwellings
occupying large lots with the Urban Renewal Project
Area and replace the substandard single family
units with higher density affordable multi -family
housing; (2) purchase substandard dwellings when
they become available and vacant, particularly if
the site would accommodate multiple dwelling units,
clear the property and resell it to developers
willing to build multi -family housing; and (3) to
provide the necessary incentives to encourage high
density affordable housing redevelopment of sites
that may become developable and/or affordable
because of fire or other circumstances. The cost
of this project is estimated to be $300,OOO,funded
from the annual revenues generated from the
Downtown Redevelopment Area (TIF Area).
e. Downtown Parking. This project will consist
of the acquisition of additional land for the
construction of parking lots or a parking facility
on parcels within the District to provide or
facilitate the provision of adequate parking for
projects or to encourage other private development
within the District. The cost of this project is
estimated to be $800,000, funded from the annual
revenues generated from the Downtown Redevelopment
Area (TIF Area).
f. Redevelopment Incentive Project. This project
will enable the City to provide assistance to the
owners of commercial properties in the District to
encourage the redevelopment of underutilized or
obsolete properties to increase the taxable value
and create jobs. The assistance may take the form
of acquisition and demolition of improvements,
provision of infrastructure or other appropriate
incentives. The cost of this project is estimated
to be $275,000, funded from the annual revenues
generated from the Downtown Redevelopment Area (TIF
Area).
Notice of the public
the Daily Inter Lake
and ,
attached as Exhibit
hearing shall be
on
1996
a An
published in
, 1996
in substantially the form
hereto.