Loading...
14. Resolution 5306 - Budget Resolution - BIDulty of Kalispell . ..... . .. ........ - Post Office Box 1997 - Kalispell, Montana 59903-1997 - Telephone (406)758--7700 Fax (406)758--7758 REPORT TO: Mayor Kennedy and City Council Members FROM: Amy Robertson, Finance Director Jaynes H. Patrick, City Manager SUBJECT: 2009 Business Improvement District budget MEETING DATE: August 18, 2008 BACKGROUND: The annual appropriations for the Business Improvement District budget are presented for Council consideration. The budget requested is $ 100,000. The BID will not levy a mill or assess a square footage assessment this year due to the legal challenge. This budget gives the District the ability to spend funds once the legal questions are resolved. Additionally, the district has received waivers from property owners in the district to allow spending to the extent of the assessments received in the past from the properties who have signed the waivers. This is money on hand carried over from the prior year. RECOMMENDATION: Adoption of Resolution. FISCAL EFFECTS: $1001000 Array H. Robertson Finance Director Report compiled: August 14, 2007 3. Jaynes H. Patrick City Manager RESOLUTION NO.5306 A RESOLUTION SETTING THE ANNUAL APPROPRIATION FOR THE BID (BUSINESS IMPROVEMENT DISTRICT) OF THE CITY OF KALISPELL, MONTANA, AS SET FORTH IN THE 200E-2009 BUDGET ADOPTED BY THE CITY COUNCIL. SECTION I. That the annual appropriations for the Business Improvement District of the City of Kalispell, Montana are hereby fixed as follows: BUSINESS IMPROVEMENT DISTRICT $ 100,000 SECTION II. 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 between items appropriated within the fund. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 18TH DAY OF AUGUST, 2008. Pamela B. Kennedy Mayor ATTEST: Theresa White City Clerk