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11-17-21 Urban Renewal Agency Board MinutesNOVEMBER 17, 2021-4 P.M. CITY HALL— FIRST FLOOR CONFERENCE ROOM AND VIA ZOOM MEMBERS IN ATTENDANCE OTHERS IN ATTENDANCE Cara LeMire Katharine King, Development Services Shannon Friex Jarod Nygren, Development Services Director David Giardot Cara LeMire the meeting to order and welcomed Board and City Staff. PUBLIC COMMENT PREVIOUS MEETING SUMMARY David moved the October Meeting Summary be accepted; Shannon seconded. All voted in favor. TIF & TEDD Downtown: City staff provided a Staff Report (see attachment) on the Kalispell Downtown Public Parking Garage Project to the URA in advance of the meeting. Members discussed the following: • Proposed structure to be built by the Development Partners using the City procurement process for construction. The Development Partners will finance, engineer and design the structure (per City input). • Ground floor retail space will be owned by the City (City will own the entire building) and the City will act as landlord. Proposal is for 7,000 sq ft of retail space. Members recommend dividing that space into smaller units of about 2,000 sq ft each that may be operated separately or aggregated depending on tenant need and this should be accounted for in structure design. • Members voiced preference for the ground floor spaces be leased to retail rather than office tenants to encourage or support the pedestrian friendly downtown atmosphere desired. • Staff reviewed the proposed number of parking spaces to be built as follows: o 90 spaces for the Charles Hotel to lease; 0 112 spaces to "replace" those lost at the Valley Bank and Eagles parking lots (noting that the Charles was not required to replace the loss of Valley Bank lot parking); o Proposal that an additional 48 spaces be added in anticipation of downtown growth bringing the total number of parking spaces to 250. Members discussed need to clarify with community that "public" parking is parking owned by the city for community use. Management decisions for the parking garage will need to be made to distinguish between permit and hourly pay parking uses. • Members discussed use of Downtown TIF funds on the parking garage outlining that the Charles Hotel's projected $500,000/annual TIF increment would be allocated solely to the repayment of the Hotel Development Partners for the parking garage up to 202 parking spaces and the 7,000 sq ft ground floor retail space. In the event an additional 48 parking spaces are included in the structure, that portion of costs would be paid from other Downtown TIF increment. • Members voiced their perspective that it is essential the parking garage is built to 250 parking spaces and strong preference for a roof over the top floor to reduce on -going maintenance costs related to annual snow removal and providing a preferable product (covered parking) to the public. David Girardot moved to recommend to City Council for approval the Kalispell Downtown Public Parking Garage Project as a funded Downtown Tax Increment Finance District project. Cara LeMire seconded the motion. All voted in favor. BROWNFIELDS Not discussed. WORKFORCE HOUSING Not discussed. NEXT SCHEDULED MEETING The Board's next meeting is scheduled for Wednesday, December 15, 2021, at 4 p.m. Meeting adjourned.