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11. Ordinance 1248 - Adopt Urban Renewal Projects - 2nd ReadingAGENDA ITEM. 11 - ORDINANCE 1248-ADOPT URBAN RENEWAL PLAN MODIFICATION ORDINANCE-2nd Reading This item was acted upon at the last meeting with substantial input and discussion. I see no further input needed at this time from the staff. ACTION REQUIRED: Second reading of the ORDINANCE is required to complete the modification process. ORDINANCE NO. 1248 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. BE IT ORDAINED by the City Council (the Council) of the City of Kalispell, Montana (the City), as follows: Section 1. Recitals. The City by Ordinance No. 933, passed and approved on September 10, 1979, adopted the Kalispell, Montana Downtown Redevelopment Plan (the Plan) as an urban renewal plan for the project area known as the Downtown Redevelopment Area which constitutes the City's Urban Renewal District (the District) pursuant to Montana Code Annotated, Title 7, Chapter 15, Parts 42 and 43, as amended (the Act), which Plan contained a provision for tax increment financing. Pursuant to the Act and the procedures contained in the Plan, and Resolution No. 4290, adopted August 19, 1996, the City has set forth its intention to create certain urban renewal projects and to finance all or a portion of said projects, in an amount not to exceed $8,500,000, and has undertaken to designate and approve the following urban renewal projects (the Projects), and modify the Plan accordingly, has given notice and conducted public hearings with respect thereto: 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 estimattcl to cost $2,625,000 whici 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 will be funded from the annual revenues generated from the Downtown Redevelopment Area (TIF Area). The City shall not use eminent domain to acquire property for this project. 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 ftrbe will be funded from the annual revenues generated from the Downtown Redevelopment Area (TIF Area). d. Affordable Housinia: 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 existing property owners and private developers desiring to purchase substandard dwellings ORDINANCE NO. 1248 1 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 projectis will 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 ' will be 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 ' , will be funded from the annual revenues generated by the Downtown Redevelopment Area (TIF Area). Section 2. Findings. The Council hereby finds, with respect to each of the Projects described in Section 1 hereof, as follows: a. a workable and feasible plan exists for making available adequate housing for any persons who may be displaced by the Projects; b. the Plan, as modified to include the Projects, conforms to the comprehensive plan or parts thereof of the City; C. the Plan, as modified to include the Projects, will afford maximum opportunity, consistent with the needs of the City as a whole, for the rehabilitation or redevelopment of the District by private enterprise; d. a sound and adequate financial program exists for the financing of each of the Projects, which program includes the utilization of all revenues derived from annual income of the Downtown Redevelopment Area (TIF Area); and other Projects heretofore or hereafter approved by this Council, including administration costs and for the application of available funds in the Development Account in the Tax Increment Fund of the City, in proportions yet to be determined, for the purpose of financing all or a portion of the costs of the Projects as set forth above; and ORDINANCE NO. 1248 2 C. each of the Projects constitutes an urban renewal project within the meaning of the Act and the Plan. Section 3. The Urban Renewal Projects herein designated and approved may be modified by the City Council of the City of Kalispell if the Council determines by Resolution that an adjustment to a Project or Projects is required in the best interest of the City of Kalispell. Section 4. All actions of the City Council heretofore taken with respect to the Projects herein designated, to the extent not inconsistent herewith, are ratified and confirmed. Section 5. This Ordinance shall take effect from and after 30 days of its passage by the City Council and approval by the Mayor. Section 6. Approval of Projects. This Council hereby approves, ratifies and confirms modification of the Plan to designate the Projects as urban renewal projects within and under and to be undertaken pursuant to the Plan, and the Projects are hereby approved. All actions of this Council heretofore taken with respect to the Projects, to the extent not inconsistent herewith, are hereby ratified and confirmed. PASSED, ADOPTED and APPROVED on first reading this ` day of , 1996. PASSED, ADOPTED and APPROVED on second reading this _ day of ,1996. CITY OF KALISPELL By Mayor Attest: By: Debbie Gifford, CMC Clerk of Council ORDINANCE NO. 1248 3 ORDINANCE NO. 1248 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. BE IT ORDAINED by the City Council (the Council) of the City of Kalispell, Montana (the City), as follows: Section 1. Recitals. The City by Ordinance No. 933, passed and approved on September 10, 1979, adopted the Kalispell, Montana Downtown Redevelopment Plan (the Plan) as an urban renewal plan for the project area known as the Downtown Redevelopment Area which constitutes the City's Urban Renewal District (the District) pursuant to Montana Code Annotated, Title 7, Chapter 15, Parts 42 and 43, as amended (the Act), which Plan contained a provision for tax increment financing. Pursuant to the Act and the procedures contained in the Plan, and Resolution No. 4290, adopted August 19, 1996, the City has set forth its intention to create certain urban renewal projects and to finance all or a portion of said projects, in an amount not to exceed $8,500,000, and has undertaken to designate and approve the following urban renewal projects (the Projects), and modify the Plan accordingly, has given notice and conducted public hearings with respect thereto: 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, which will be funded from the annual revenues generated from the Downtown Redevelopment Area (TIF Area). C. Central School Project. renovation and rehabilitation The building could be used educational facilities, along total cost of this project is will be funded from the annual Redevelopment Area (TIF Area). This project consists of the of the old Central School building. for multi -purpose community and with offices and museum space. The estimated to be $2,500,000, which revenues generated from the Downtown ORDINANCE NO. 1248 1 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 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 $300,000, which will 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, which will be 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, which will be funded from the annual revenues generated by the Downtown Redevelopment Area (TIF Area). Section 2. Findings. The Council hereby finds, with respect to each of the Projects described in Section 1 hereof, as follows: a. a workable and feasible plan exists for making available adequate housing for any persons who may be displaced by the Projects; b. the Plan, as modified to include the Projects, conforms to the comprehensive plan or parts thereof of the City; ORDINANCE NO. 1248 2 c. the Plan, as modified to include the Projects, will afford maximum opportunity, consistent with the needs of the City as a whole, for the rehabilitation or redevelopment of the District by private enterprise; d. a sound and adequate financial program exists for the financing of each of the Projects, which program includes the utilization of all revenues derived from annual income of the Downtown Redevelopment Area (TIF Area); and other Projects heretofore or hereafter approved by this Council, including administration costs and for the application of available funds in the Development Account in the Tax Increment Fund of the City, in proportions yet to be determined, for the purpose of financing all or a portion of the costs of the Projects as set forth above; and e. each of the Projects constitutes an urban renewal project within the meaning of the Act and the Plan. Section 3. The Urban Renewal Projects herein designated and approved may be modified by the City Council of the City of Kalispell if the Council determines by Resolution that an adjustment to a Project or Projects is required in the best interest of the City of Kalispell. Section 4. All actions of the City Council heretofore taken with respect to the Projects herein designated, to the extent not inconsistent herewith, are ratified and confirmed. Section S. This Ordinance shall take effect from and after 30 days of its passage by the City Council and approval by the Mayor. Section 6. Approval of Projects. This Council hereby approves, ratifies and confirms modification of the Plan to designate the Projects as urban renewal projects within and under and to be undertaken pursuant to the Plan, and the Projects are hereby approved. All actions of this Council heretofore taken with respect to the Projects, to the extent not inconsistent herewith, are hereby ratified and confirmed. ORDINANCE NO. 1248 3 PASSED, ADOPTED and APPROVED on first reading this day of , 1996. PASSED, ADOPTED and APPROVED on second reading this day of , 1996. CITY OF KALISPELL 0 Mayor Attest: Debbie Gifford, CMC Clerk of Council ORDINANCE NO. 1248 4