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03-13-13 Urban Renewal Agency MinutesCity of Kalispell Post Office Box 1997 - Kalispell, Montana 59903 Telephone: (406) 758-7701 Fax: (406) 758-7758 Urban Renewal Agency Summary of Activities 03/13/2013 MEMBERS IN ATTENDANCE Tom Lund — Vice Chairman Suzanne Faubert Murphy McMahon OTHERS IN ATTENDANCE City of Kalispell Staff —Planning Director, Tom Jentz; Community Development Manager, Katharine Thompson; Community Development Administrator, Lindsey Simpson Daily Inter Lake Reporter, Tom Lotshaw TIF Applicant, Paul Roybal CALL TO ORDER Vice Chairman Lund called the meeting to order at 4:00p.m. ACCEPTANCE OF AGENDA Members were given and e-mailed the following: • An agenda for this meeting. • A Summary of Activities of the 02/12/13 meeting and 02/27/13 work session • Updated West Side TIF Policies and Guidelines • Updated TIF request from Paul Roybal, 11 Main Street ACCEPTANCE OF PRIOR MEETING SUMMARY OF ACTIVITIES Prior meetings "Summary of Activities" were reviewed and the documents were accepted as written. PUBLIC COMMENT: No public comment offered. UNFINISHED BUSINESS West Side Core Area TIF a. Application from Paul Roybal, 11 Main Street Ms. Thompson referenced the updated TIF request for 11 Main Street and explained how the request fit the draft policies and guidelines City staff and the URA have been constructing. Proposed TIF expenditure under "Public Impact" is $18,533 in grant funds. Proposed expenditure under "Private Investment" is $33,757 in grant funds, and $20,371 in loan funds which equals $54,128, or 10% of the total project cost. The request was discussed and reviewed. Ms. Faubert made a motion to submit the proposed 11 Main Street TIF request to City Council, and Mr. McMahon seconded. Ms. Thompson will submit the request for the April 1, 2013 City Council meeting. b. Proposed policy documents Discussion was made regarding the tax incentive, investment spin off, personal financial statements, and private investment statements in the draft policies. The committee will continue crafting the West Side TIF policies and guidelines. NEW BUSINESS a. Certification of taxable valuation This item will be tabled until the April meeting and will be discussed first on the agenda at that time. b. Annual Report preparation This item will be tabled until the April meeting, and staff will work on preparing a brief summary for Council c. Consideration of work session, March 20 The committee will meet for a work session at 4pm March 20 d. Schedule next meeting, April 10 The committee will meet at 4pm on April 10 ADJOURN MEETING The meeting was adjourned at 4:58pm End of Summary of Activities 3/13/13