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8. Authorities RequestsAGENDA ITEM 8 A. Authority to Advertise Sale of Haven Field B. Authority to Allow Temporary Loans from Sewer Fund and Set Rate C. Authority to Pay Preliminary Bills BACKGROUNDJCONSIDERATION: This process is the continuance of the project approved by the Council at the July 1, 1996 meeting. This will allow the project to become .an active project and will begin the transition toward the removal of the fields. RECOMMENDATION: To move toward the completion of the project as approved by the Council, all three of these items need to be authorized by the Council. I recommend the continuance of the 3e process. ACTION REQUIRED: A motion is required to approve these items. I would suggest, for clarification of the record, that each item (A, B, & C) be approved by a separate MOTION. 1heC11�0lKallvll Incorporated 1892 Planning, Economic & Community Development Department P.O. Box 1997 Kalispell, MT 59903-1997 248 Third Avenue East (406) 758-7740 (406) 758-7739 (office fax) (406) 758-7758 (City Hall fax) MEMU To: Clarence W. Krepps, City Manager From: Lawrence Gallagher, PECDD Director Subject: Request to Proceed with Haven Field Offering - Authority to Advertise Date: September 9, 1996 This is a request for authority to advertise the sale of City owned property known as Haven Field. City Attorney Glen Neier has suggested the legal advertisement, "Notice of Sale of City Property," be placed in the Daily Inter Lake on September 19, September 26, and October 3, 1996. Redevelopment proposals from persons interested in purchasing the property and responding to the Offering Memorandum will be due by the close of business on October 9, 1996. Any proposals received will be reviewed by staff and a recommendation prepared for Council consideration at their October 14, 1996, Work Session. The sale of Haven Field has been discussed and is approved as a project of the "KALISPELL CITY" AIRPORT/ATHLETIC COMPLEX REDEVELOPMENT PLAN. I recommend that the City Council establish a fair market value of the property offered to be in a range of not less than $800,000 ($4.48 per square foot) for the 4.1 acre Haven Field parcel, and not more than $892,980 ($5.00 per square foot), although the City is certainly free to entertain a higher offer for the property. The City has a June 1995 appraisal of the Haven Field property suggesting a range of value between $730,513 ($4.09 per square foot) and $797,194 ($4.46 per square foot). However, the appraiser's suggested range assumed a discount for a two-year time period for subdivision and sell-off of portions of the property. Based on preliminary developer inquiries, I do not believe there will be a two-year absorption period. Also, I recommend that the Notice of Sale include reference to the City's intention to include the sale of all or any portion of Lion Park Street, a 22,825 square foot rectangular parcel of land (.524 acres) located immediately adjacent and south of Haven Field. Lion Park Street is not a dedicated public street but has been used for years as ingress and egress to Haven Field and Lion Park and the City owned tourist information buildings located in Lion Park. The tourist facilities are no longer manned by the Chamber of Commerce and there appears no reason why the Clarence W. Krepps, City Manager Page 2 September 9, 1996 property could not be incorporated into an overall private redevelopment plan for the entire area. This would net the City of Kalispell and its Airport Tax Increment District additional land sales proceeds and ad valorem tax revenue and allow private redevelopers more flexibility in site planning, ingress/egress, landscaping/lighting, and building/parking location. The additional 22,825 square foot parcel should be offered at the same price as Parcel 2, the Haven Field parcel, and would generate additional land sales proceeds of between $102,256 and $114,125. Besides the price offered for the parcel(s), the City must consider: (i) the overall impact any redevelopment proposal will have on the highest and best use of the property and surrounding real estate; (ii) the greatest beneficial economic impact to the City, (iii) density and type of business, (iv) employment opportunities, and (v) overall improvement to the City's ad valorem tax base and revenue generated for the Airport Tax Increment District. Site planning, landscaping, and architectural design are other considerations the Council may consider as it evaluates how the redevelopment will enhance the south entrance to Kalispell. These items and others will be discussed in detail in the Offering Memorandum which will be available for discussion and finalized at the Council's September 16, 1996, Work Session. It is delayed in the hopes of gathering more complete information on how the reconstruction of Hwy 93 and the new T-intersection of Hwy 93 and Third Avenue East will affect and benefit the project. Please call for any additional information you may require. PARCEL 2: A 178,596 square foot rectangular parcel of land (4.100 acres) beginning at the southeast corner of the intersection of 18th Street East and Highway 93 South; thence along said northeasterly right-of-way line of U.S. Highway 93, South 33'04' 19" East 650.27 feet to the northwesterly right-of-way line of Lion.Park Street; thence along said northwesterly right-of-way line of said Lion Park Street, North 63' 12'02" East 281.20 feet to the southwesterly right-of-way line of Third Avenue East, thence northwesterly along the curve and along the southwesterly right-of-way line of Third Avenue East, through a central angle of 19'24' 19", an arc distance of 471.62 feet to the southerly right-of-way line of Eighteenth Street East; thence along said southerly line of said Eighteenth Street East, North 89'52'30" West 390.92 feet to the Point of Beginning. LION PARK STREET: A 22,825 square foot rectangular parcel of land (.524 acres) beginning at the southwest corner of said parcel 2, thence along said northeasterly right-of-way line of U.S. Highway 93, South 33'04'19" East 85.51' feet to the northwest corner of said parcel 3, South 63' 12'02" West 255.29 feet to the , northeast corner of said parcel 3, northwesterly along the curve 86.61 feet to the southeasterly corner of said parcel 2, thence along the southerly line of said parcel 2 to the point of beginning. Visibility & Traffic: This site is highly visible from all access points. Recent traffic counts from Montana Department of Transportation indicate approximately 16,000 ADT's along this stretch of Highway 93. Montana Department of Transportation has estimated an approximate 27,000 ADT's per day within 20 years. Utilities: The site is served by a City of Kalispell 8" sanitary sewer, a 12" water main. Pacific Power and Light furnishes overhead electrical service to the site. Montana Power Co. has a 2" main on 3rd Avenue East that meets Highway 93 and they have a 4" main on 18th Street. TCI Cablevision of Montana provides cable TV service. PTI Communications provides telephone service. Zug: The site is governed by the Kalispell Zoning Ordinance, with an effective date of March 19, 1992. A complete copy of the Zoning Ordinance is available from the City's Department of Planning, Economic and Community Development office. All of the property is zoned B-2, General Business: According to CHAPTER 27.14 B-2 GENERAL BUSINESS DISTRICT Sec.27.14.010 Intent., the B-2 designation is: "A business district to provide areas for those retail sales and service functions and businesses whose operations are typically characterized by outdoor display, storage and/or sale of merchandise, by major repair of motor vehicles, and by outdoor commercial amusement and recreational activities. This district would also serve the general needs of the tourist and traveler. I ®'► ems. •w w .?y, oe :� .3' ..' , '+ A „CF •`•r to w ems+ R R Oro a►® ?TIq at 4 c3 �c a A �- akaal ...x a ca CL�► o o ,, �. 0 2 �A'�lVA�Cti.4p�pQ s"gg�`j.•.-��`'bOtQA O� IE 46 lb lb Ss. zr �® bN �rt�.7 �Of�'y®1 �•�C O q� �A C Hpq `CO H•w•.. .► .` to A A Q C3 ac ass;ygo�N�a� o�4p o -.,Q a �. 3 �• e lag N� ! � � Oo 4 A A • O •_.�....:':i�.<.h`Y°C•i'.'Y�•-•�''�+:!'.�h:.pi:'..`vi�Yl'.mr:.+e.Y�►�.•,,,,:.n�.;.•3:.:.f:]l!gy'iW.K Si, ./' �. 'K •r' ^ M B� LKER 3 IVISION 8H 8SC $NIA'' 4A t 00��Ilvll Incorporated 1892 ,elephone (406) 758-7700 FAX (406) 758-7758 Post Office Box 1997 Kalispell, Montana Zip 59903-1997 To: Mayor Rauthe & City Council Members From: Amy Robertson Finance Director Re: Airport Tax Increment temporary funding Please authorize by motion the use of Sewer funds which are currently invested in STIP to be loaned to Fund 2185 Airport Tax Increment. These funds would be loaned as needed to pay up front costs of advertising and appraisals. I am recommending a rate of 6.5% which is I % above the current STIP rate. The Sewer funds are held and invested per the bond resolutions and are not needed for day to day operations. Douglas Rauthe Mayor Clarence W. Krepps City Manager City Council Members: . Gary W. Nystul Ward I Cliff Collins Ward I Norbert F. Donahue Ward 11 Dale Haarr Ward 11 Jim Atkinson Ward III Lauren Granmo Ward III Pamela B. Kennedy Ward IV M. Duane Larson Ward IV