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Resolution 4290 - Resolution of Intention to Approve Certain Urban Renewal Projects1445 RESOLUTION NO. 4290 A RESOLUTION CALLING A PUBLIC HEARING ON A PROPOSED MODIFICATION OF THE KALISPELL, MONTANA URBAN RENEWAL PLAN TO APPROVE CERTAIN PROJECTS AS URBAN RENEWAL PROJECTS. BE IT RESOLVED BY THE CITY COUNCIL (the Council) OF THE CITY OF KALISPELL (the City), as follows: SECTION I. A public hearing is hereby called and shall be held on October 21, 1996 at 7:00 p.m. in the Council Chambers on a proposed modification of the Kalispell, Montana Urban Renewal Plan. The proposed modification is the approval of the following projects as Urban Renewal Projects: a. Kalispell Center Mall. This project consists of the acquisition of real property, the clearance of improvements thereon, construction of certain public utilities and related relocation activities, all to make such property available for expansion of the Kalispell Center Mall. The project is estimated to cost $2,625,000, which will be funded from the annual revenues generated from the Downtown Redevelopment Area (TIF Area). b. KDC Site (Kalispell Downtown Center Development. This project consists of the acquisition of certain real property, and related demolition and site work including public improvements to make the property available for private development for uses consistent with the Plan. The project is estimated to cost $2,000,000, funded from the annual revenues generated from the Downtown Redevelopment Area (TIF Area). c. Central School Project. This project consists of the renovation and rehabilitation of the old Central School building. The building could be used for multi -purpose community and educational facilities, along with offices and museum space. The total cost of this project is estimated to be $2,500,000, funded from the annual revenues generated from the Downtown Redevelopment Area (TIF Area). d. Affordable Housing: Elimination of Blight. This project is a Private Multi -Family Housing Density Development Incentive Program designed to enable the City to: (1) offer incentives to both 1 1446 SECTION II. existing property owners and private developers desiring to purchase substandard dwellings occupying large lots with the Urban Renewal Project Area and replace the substandard single family units with higher density affordable multi -family housing; (2) purchase substandard dwellings when they become available and vacant, particularly if the site would accommodate multiple dwelling units, clear the property and resell it to developers willing to build multi -family housing; and (3) to provide the necessary incentives to encourage high density affordable housing redevelopment of sites that may become developable and/or affordable because of fire or other circumstances. The cost of this project is estimated to be $300,000,funded from the annual revenues generated from the Downtown Redevelopment Area (TIF Area). e. Downtown Parking. This project will consist of the acquisition of additional land for the construction of parking lots or a parking facility on parcels within the District to provide or facilitate the provision of adequate parking for projects or to encourage other private development within the District. The cost of this project is estimated to be $800,000, funded from the annual revenues generated from the Downtown Redevelopment Area (TIF Area). f. Redevelopment Incentive Project. This project will enable the City to provide assistance to the owners of commercial properties in the District to encourage the redevelopment of underutilized or obsolete properties to increase the taxable value and create jobs. The assistance may take the form of acquisition and demolition of improvements, provision of infrastructure or other appropriate incentives. The cost of this project is estimated to be $275,000, funded from the annual revenues generated from the Downtown Redevelopment Area (TIF Area). Notice of the public hearing shall be published in the Daily Inter Lake on , 1996 and , 1996 in substantially the form attached as Exhibit 'A' hereto. 2 1 1 1 1-4 4 7 PASSED AND APPROVED BY THE CITY COUNCIL AND THE MAYOR THIS 19 DAY OF AUGUST, 1996. Dougl D. Rauthe - Mayor A TEST: 00'11r P C0) c- Debbie Giff r , Clerk of Counci 1 1 3 - 7 e I I EN s NOTICE OF PUBLIC HEARING ON MODIFICATION OF THE KALISPELL, MONTANA URBAN RENEWAL PLAN (THE URBAN RENEWAL PLAN ) TO APPROVE CERTAIN PROJECTS AS URBAN RENEWAL PROJECTS. NOTICE IS HEREBY GIVEN that the City Council '(the Council) of the City of Kalispell, Montana (the City) will hold a public hearing on the Modification of the Kalispell, Montana Urban Renewal Plan (the Urban Renewal Plan) on October 21, 1996 at 7.00 p.m. M.D.T., at the Council Chambers, Kalispell City Hall, Kalispell, Montana. It is proposed that the City will finance all the proposed projects as hereinafter described from annual revenues generated from the Downtown Redevelopment Area (TIF Area), if the modification of the Urban Renewal Plan is approved. The proposed modification is the approval of the following described projects as Urban Renewal Projects. a. This project consists of the acquisition of real property, the clearance of improvements thereon, construction of certain public utilities and related relocation activities, all to make such property available for expansion of the Kalispell Center Mall. The project is estimated to cost $2,625,000, which will be funded from the annual revenues generated from the Downtown Redevelopment Area (TIF Area). 1.4 This project consists of the acquisition of certain real property, and related demolition and site work including public improvements to make the property available for private development for uses consistent with the Plan. The project is estimated to cost $2,000,000, funded from the annual revenues generated from the Downtown Redevelopment Area (TIF Area). C. Cejl_ra1 Sehnol Project. This project consists of the renovation and rehabilitation of the old Central School building. The building could be used for multi -purpose community and educational facilities, along with offices and museum space. The total cost of this project is estimated to be $2,500,000, funded from the annual revenues generated from the Downtown Redevelopment Area (TIF 1 4-4 9 1 1 1 Area) . d. Affordable Housing_ glimination of Blight. This project is a Private Multi -Family Housing Density Development Incentive Program designed to enable the City to: (1) offer incentives to both existing property owners and private developers desiring to purchase substandard dwellings occupying large lots with the Urban Renewal Project Area and replace the substandard single family units with higher density affordable multi -family housing; (2) purchase substandard dwellings when they become available and vacant, particularly if the site would accommodate multiple dwelling units, clear the property and resell it to developers willing to build multi -family housing; and (3) to provide the necessary incentives to encourage high density affordable housing redevelopment of sites that may become developable and/or affordable because of fire or other circumstances. The cost of this project is estimated to be $300,000,funded from the annual revenues generated from the Downtown Redevelopment Area (TIF Area). e. Downtown Parking. This project will consist of the acquisition of additional land for the construction of parking lots or a parking facility on parcels within the District to provide or facilitate the provision of adequate parking for projects or to encourage other private development within the District. The cost of this project is estimated to be $800,000, funded from the annual revenues generated from the Downtown Redevelopment Area (TIF Area). f. Redevelopment Incentive Project. This project will enable the City to provide assistance to the owners of commercial properties in the District to encourage the redevelopment of underutilized or obsolete properties to increase the taxable value and create jobs. The assistance may take the form of acquisition and demolition of improvements, provision of infrastructure or other appropriate incentives. The cost of this project is estimated to be $275,000, funded from the annual revenues 1 1450 generated from the Downtown Redevelopment Area (TIF Area) Any interested person may appear and will be heard or may file written comments with the City Clerk of Council prior to such hearing. Dated: August 22, 1996 Publish: September 29, 1996 October 6, 1996 Debbie Gifford Clerk of Council 1 1