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Resolution 4199 - WITHDRAWN - Authorize Redevelopment Agreement with Bee BroadcastingW iih A b L care o V�_ RESOLUTION NO. 4199 A RESOLUTION AUTHORIZING THE SALE OF LOTS 1, 21 3, 4, AND THE NORTHERLY 7 INCHES OF LOT 5, BLOCK 45, KALISPELL, FLATHEAD COUNTY, MONTANA. WHEREAS, the City of Kalispell, a municipal corporation, owns certain real property, to -wit: Lots 1, 21 3, 4, and the Northerly 7 inches of Lot 5, Block 45, Kalispell, Flathead County, Montana, and WHEREAS, Section 7-8-4201, MCA, authorizes the City Council to sell, dispose of or lease any property belonging to the City upon proper passage of an Ordinance or Resolution passed by two-thirds vote of all members of the City Council, and WHEREAS, Section 7-15-4262, MCA, authorizes a municipality to sell, lease or otherwise transfer real property in an urban renewal area for urban renewal projects for residential, recreational, commercial, industrial or other uses or for public uses, and WHEREAS, the City of Kalispell did on the 10th day of September, 1979, adopt Ordinance No. 933 which created the Downtown Redevelopment Plan for the City of Kalispell, ff and k WHEREAS, the City of Kalispell did on the 4th day of November, 1985, pass Ordinance No. 1065 designating certain projects within the Downtown Redevelopment Area, and WHEREAS, pursuant to Ordinance No. 1065, the City of Kalispell, pursuant to Resolution No. 38340 purchased the above described property for the purpose of enhancing off- street parking opportunities and the elimination of blight within the Downtown Redevelopment Area, and WHEREAS, the City Council desires to sell said property, so acquired, for the purpose of expanding commerce and business within the Downtown Redevelopment Area, and WHEREAS, on the 3rd day of August, 1992, the City Council passed Resolution No. 4059, declaring an intention to sell said property, and duly published notice of said proposed sale in accordance with Section 7-15-4262, MCA, and WHEREAS, no prospective purchasers submitted a proposal on said property, and WHEREAS, Bee Broadcasting Inc, on the day of 1995 made an offer to purchase said real property for the sum of One Hundred and Five Thousand Six Hundred and Twelve Dollars, which is within the range of values established by the City in advertising said property for sale, and WHEREAS, the resolution (Resolution No. 4054) offering said Property for sale reserved the right of the City to sell said property at private sale at an amount agreeable between the City and a purchaser, if no bids were received, and if the sale would be in the best interest of the City of Kalispell, and WHEREAS, the City Council remains desirous of selling said property, as the same is not necessary for the conduct Of City business or the preservation of property owned by the City, and WHEREAS, said property is not held in trust for a specific Purpose and an election is not necessary to affect its sale, and WHEREAS, the sale of said property shall result in the development of a three story professional office/retail building within the Downtown Redevelopment Area in furtherance of the Redevelopment Project under Ordinance 1065, and WHEREAS, Bee Broadcasting Inc.'s offer to purchase said property complies with the terms of Resolution No. 4054 and said sale would be in the best interest of the City of Kalispell and its inhabitants. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL: SECTION I. That the City Council of the City of Kalispell, hereby authorizes the Manager and Finance Director to execute all legal documents necessary to transfer, by Grant Deed, all the City's right, title and interest in Lots 1, 2, 3, 4 and the Northerly 7 inches of Lot 5, Block 45, Kalispell, Flathead County, Montana to Bee Broadcasting Inc. subject to the conditions set forth in the following. SECTION II. The execution by Bee Broadcasting, Inc. of a Development Agreement containing the following points: 1000 A. Bee Broadcasting Inc.'s agreement to pay �r $7.50 per square foot for said property, said total price being $105,612.00. B. Bee Broadcasting Inc.'s agreement to build a three story building with approximately 3500 square feet per floor together with a full basement with a total project cost of approximately $lr300,000.00. C. Bee Broadcasting Inc.'s agreement to further construct a paved parking lot of 28 spaces, together with landscaping and lighting or participate in a Special Off - Street Parking District. D. Bee Broadcasting Inc.'s agreement to complete all necessary elements of the project within twenty-four months of the date of the Development Agreement. PASSED BY TWO-THIRDS VOTE OF THE CITY COUNCIL OF THE CITY OF KALISPELL THIS _._ DAY OF MARCH, 1995. L Douglas D. Rauthe, Mayor Attest: Debbie Gifford, CMC Clerk of Council ■