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Resolution 5734 - Annual Tax Levy for BIDReturn to: City Clerk City of Kalispell P.O. Box 1997 Kalispell MT 59903-1997 uuuiiuiiiuiio=,�o°iiumqso Mt by DD s, Debbie pie, -son, FeMeatl cowry RESOLUTION NO.5734 A RESOLUTION MAKING THE ANNUAL TAX LEVY FOR THE BID (BUSINESS IMPROVEMENT DISTRICT) OF KALISPELL, MONTANA, FOR THE FISCAL YEAR. 2015-2016 AND LEVYING AN ASSESSMENT FOR THE BID FOR FISCAL 2015-2016. WHEREAS, the assessment cost of the Business District for the fiscal year 2015-201 6 is estimated to be $24,000, and the levy revenue will generate $51,413 for a total of $75,413. WHEREAS, at a public hearing held on the 6th day of July, 2015, 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 2015-201 6, 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 2015-201 6, 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 $148,734 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 17TH DAY OF AUGUST, 2015. ATTEST: Judi Funk Deputy City Clerk Mark Johnso Mayor