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1. Joint meeting with FCEDA - Rail Park DevelopmentCity of Kalispell Post Office Box 1997 - Kalispell, Montana 59903 Telephone: (406) 758-7701 Fax: (406) 758-7758 MEMORANDUM To: Mayor Johnson and City Council From: Doug Russell, City Manager Re: Joint meeting with FCEDA- Rail Park Development Meeting Date: December 8, 2014 BACKGROUND: The City of Kalispell and Flathead County Economic Development Authority have been working on a project that would include relocating the railroad tracks from our "Core Area" and developing a new rail -served industrial park. This effort has included two unsuccessful attempts at TIGER funding. Since the announcement of the TIGER awards this past fall, we have been working together to develop financing plans that would allow this partnership to successfully initiate the rail relocation and park development with or without TIGER funding. At the joint work session, we have several objectives: • Bring all parties together to review where we have been and where we currently are; • Present rail park development options; • Review funding sources; • Identify respective partnership components; • Establish a general plan for moving forward. While there will be meetings that will follow this joint session, and attempts to bring in other funding sources that would mitigate the impact for all partners and facilitate some development components, the joint meeting with FCEDA is a good opportunity to reestablish common ground, respective objectives, and to review the possibilities that are present to reach these objectives. RECOMMENDATION: It is recommended that the City Council and FCEDA meet to review the meeting objectives listed above.