Resolution 4978 - Resolution of Intention & Call for PH - Airport ImprovementsRESOLUTION NO.4978
A RESOLUTION CALLING A PUBLIC HEARING ON THE PROPOSED
MODIFICATION OF THE AIRPORT/ATHLETIC COMPLEX REDEVELOPMENT
PLAN TO APPROVE A PROPOSED PROJECT AS AN URBAN RENEWAL PROJECT
AND TO FINANCE THE PROJECT THROUGH THE ISSUANCE OF TAX
INCREMENT URBAN RENEWAL BONDS
WHEREAS, The Council pursuant to Ordinance No. 1242 (the "Ordinance") adopted on July
17, 1996, created an urban renewal district (the "District") and approved the City
of Kalispell Airport/Athletic Complex Redevelopment Plan (the "Plan") for the
District. The Council pursuant to Ordinance No. 1260 (the "Amended
Ordinance") adopted on March 17, 1997, amended Ordinance No. 1242 to
provide for the segregation of and application of tax increment in the Kalispell
Airport/Athletic Complex Redevelopment Plan and confirmed January 1, 1996 as
the base year for calculating the tax increment as provided in MCA 7-15-82
through 7-I5-4292. The City has issued no Tax Increment Urban Renewal Bonds
within this District for this Plan; and
WHEREAS, Among the identified goals and objectives of the Plan has been to:
a. minimize hazards to aviation,
b. develop the airport in accordance with an airport layout plan,
C. increase development opportunities on nearby properties,
d. promote compatible land use in and around the airport,
e. establish a funding mechanism for airport properties, and
£ establish a priority schedule for plan implementation.
In furtherance of that Plan, the City has developed an FAA approved Airport
Master Plan, establishing the layout and priority schedule for airport development
and also increased development opportunities and promoted compatible land uses
in and around the airport through the sale of land for the construction of Rosauers
Supermarket, Whitefish Credit Union and the Southfield Towers office and retail
development. The plan has also been followed through the application for and
inclusion of the airport and its Airport Master Plan in the National Plan of
Integrated Airports Systems (NPIAS) for funding in the current amount in excess
of 7 million dollars; and
WHEREAS, Consistent with the Airport Master Plan, the City proposes to complete Phase I of
the Plan, which will include:
a. purchase of land and improvements currently owned by Red Eagle
Aviation,
b. construction of the northwest ramp and taxiways
C. construction of the northwest utilities,
d. construction of an internal vehicle access road (16' wide), and
e. purchase and installation of an automatic vehicle security gate,
and which project has been approved by Council with Resolution 4976 on
February 7, 2005.
WHEREAS, The City has determined based on its annual collection of tax increment that it can
issue approximately $1,900,000 in principal amount of tax increment urban
renewal bonds (the "Tax Increment Urban Renewal Bonds" or the "Bonds")
which with other available revenues of the City would allow for the City to
complete Phase I of the Airport Master Plan.
PROPOSITION: The City proposes to approve Phase I of the Airport Master Plan as an
urban renewal project (the "Project") so that tax increment funds as well
as the proceeds of tax increment bonds can be used for this purpose. The
City proposes to issue $1,900,000 of its Tax Increment Urban Renewal
Bonds, of which approximately $1,700,000 will be used in furtherance of
the Project, and the remainder will be used to establish the necessary
reserves and pay for the costs of the sale and issuance of the Bonds.
FINDINGS: The Council hereby finds, with respect to the Project as follows:
a. no persons will be displaced from their housing by the Project;
b. the Plan, as modified to include the Project, conforms to the
comprehensive plan or parts thereof of the City;
C. the Plan, as modified to include the Project, will afford maximum
opportunity, consistent with the needs of the City as a whole, for the
rehabilitation or redevelopment of the District by private enterprise;
d. the issuance of $1,900,000 of Bonds for the Project, along with other
available funds of the City, will enable the City to implement the Project
as a substantial part of the Plan. The Plan can not be fully implemented
with the available fiends, but the City believes it will obtain other funds
over time to complete the Plan; and
C. the Project constitutes an urban renewal project within the meaning of the
Act and the Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
SECTION I. A public hearing is hereby called and shall be held on Monday, March 7, 2005 at
7:00 p.m. in the Council chambers on the proposed modification of the City's
Urban Renewal Plan. It is anticipated that the City will issue its Tax Increment
Urban Renewal Bonds the amount of $1,900,000. The Bonds will be payable
from the tax increment collected within the Urban Renewal District.
SECTION II. Notice of the public hearing shall be published in the Daily Inter Lake on
February 24th, and March 3rd, 2005, in substantially the form attached as Exhibit
B hereto (which is incorporated by reference and made a part hereof).
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF
THE CITY OF KALISPELL, THIS 22ND DAY OF FEBRUARY, 2005.
Pazx►ela B. Kenmed
Mayor
ATTEST:
Theresa White
City Clerk
EXHIBIT A
PHASE I OF KALISPELL CITY AIRPORT MASTER PLAN
Estimated
Cost
Purchase of Red Eagle Aviation Property & Improvements $600,000
Construction of northwest ramp and taxiways $880,000
Installation of northwest utilities $141,672
Construction of internal vehicle access road (16' wide) $ 60,800
Purchase & installation of automatic vehicle security gate _ _ S 16,408
Total
Ten Percent Bond Reserve Requirement
$1,698,880
$ 169,888
Costs of Bond Sale and Issuance $ 30,000
EXHIBIT B
NOTICE OF PUBLIC HEARING
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 proposed modification of the
City Of Kalispell Airport/Athletic Complex Redevelopment Plan (the "Plan") on March 7, 2005,
at 7:00 p.m., at the Council Chambers in the Kalispell City Hall, Kalispell, Montana. It is
proposed that the City will issue and sell its urban renewal tax increment bonds (the "Bonds") in
an amount sufficient, but not to exceed $1,900,000, to fund all or a portion of the project as
hereinafter described, if the modification of the Urban Renewal Plan is approved.
The proposed modification is the approval of Phase I of the Kalispell City Airport Master
Plan, which will include purchase of land and improvements currently owned by Red Eagle
Aviation, construction of the northwest ramp and taxiways, construction of the northwest
utilities, construction of an internal vehicle access road (16' wide), and purchase and installation
of an automatic vehicle security gate.
. Any interested persons may appear and will be heard or may file written comments with the
City Clerk prior to such hearing.
Dated: February 22, 2005.
Publication Dates: February 24, 2005
March 3, 2005
ME
City Clerk