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4. Ordinance 1247 - Repeal Ordinance 1243AGENDA ITEM 4 - 2nd Reading - ORDINANCE 1247-REPEAL ORDINANCE 1243, AN ORDINANCE RELATING TO THE MODIFICATION OF THE KALISPELL, MONTANA URBAN RENEWAL PLAN (THE URBAN RENEWAL PLAN) TO APPROVE CERTAIN PROJECTS AS URBAN RENEWAL PROJECTS BACKGROUND/CONSIDERATION: This is the continuance of the approval process that has been an ongoing discussion for several months. The 2nd reading is the continuance of action taken at the August 19, 1996 meeting. Approval of this ordinance is crucial to the continuance of several transactions and goals set when the Council created the Tax Increment Financing area. RECOMMENDATION: To complete the process to modify the urban renewal area, this ordinance needs to be approved by the Council. To complete prior actions, decisions, and plans, I highly recommend approval of this ordinance. ACTION REQUIRED: Completion of the approval of action is required by final approval of this ORDINANCE. ORDINANCE NO. 1247 AN ORDINANCE REPEALING ORDINANCE NO. 1243 RELATING TO THE MODIFICATION THE KALISPELL, MONTANA URBAN RENEWAL PLAN. WHEREAS, on July 15, 1996, the City Council of the City of Kalispell approved Ordinance No. 1243 entitled: AN ORDINANCE RELATING TO THE MODIFICATION OF THE KALISPELL, MONTANA URBAN RENEWAL PLAN (THE URBAN RENEWAL PLAN) TO APPROVE CERTAIN PROJECTS AS URBAN RENEWAL PROJECTS, and WHEREAS, it now appears that the City may be able to undertake certain projects included within the modification without relying on bonding to fund the projects. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, MONTANA AS FOLLOWS: SECTION I. That Ordinance No. 1243; (An Ordinance Relating to the Modification of the Kalispell, Montana Urban Renewal Plan (the Urban Renewal Plan) to Approve certain Projects as Urban Renewal Projects) is hereby repealed. SECTION II. This Ordinance shall take effect from and after thirty days of its passage by the City Council. PASSED AND APPROVED BY THE CITY COUNCIL AND MAYOR OF THE CITY OF KALISPELL THIS DAY OF AUGUST, 1996. Douglas D. Rauthe - Mayor Attest: