H14. Reso 5836 - BID Appropr - City of Kalispell
Post Office Box 1997 - Kalispell, Montana 59903-1997
FA, N---_ __ Telephone (406) 758-7000 Fax - (406) 758-7758
AIONTA NA
REPORT TO: Doug Russell, City Manager �(L
FROM: Rick Wills, Finance Director
SUBJECT: FY2018 Downtown Business Improvement District Appropriations
MEETING DATE: August 21, 2017
BACKGROUND: The Business Improvement District budget request is for $111,072.
The BID levy of 37.5 mills and the square footage assessment of $ .015 are the same tax and
assessment rates as the previous year. The BID is a component unit of the City of Kalispell and
City Council approval of the appropriations is required.
RECOMMENDATION: It is recommended the City Council approve Resolution 5836
adopting the appropriations for the Downtown Business Improvement District.
ATTACHMENTS: Resolution 5836, BID Annual Tax Levy and Assessment
Return to:
Kalispell City Clerk
PO Box 1997
Kalispell, MT 59903
RESOLUTION NO.5836
A RESOLUTION MAKING THE ANNUAL TAX LEVY FOR THE BUSINESS
IMPROVEMENT DISTRICT (BID) OF KALISPELL, MONTANA, FOR THE FISCAL
YEAR 2017-2018 AND LEVYING AN ASSESSMENT FOR THE BID FOR FISCAL 2017-
2018.
WHEREAS, the assessment cost of the Business District for the fiscal year 2017-2018 is estimated
to be $41,637, and the levy revenue will generate $73,991 for a total of $115,628.
WHEREAS, at a public hearing held on the 17th day of January, 2017, 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 2017-2018, 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 2017-2018, 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 $111,072
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 21ST DAY OF AUGUST, 2017.
Mark Johnson
Mayor
ATTEST:
Aimee Brunckhorst, CMC
City Clerk