Resolution 5022 - Calling for PH - Amendment to Airport/Athletic Complex Redevelopment PlanRESOLUTION NO.5022
RESOLUTION RELATING TO THE CITY OF KALISPELL AIRPORT/ATHLETIC
COMPLEX URBAN RENEWAL DISTRICT; CALLING FOR A PUBLIC HEARING ON
THE PROPOSED AMENDMENT OF THE CITY OF KALISPELL
AIRPORT/ATHLETIC COMPLEX REDEVELOPMENT PLAN TO APPROVE AN
URBAN RENEWAL PROJECT AND THE ISSUANCE OF TAX INCREMENT URBAN
RENEWAL REVENUE BONDS OF THE CITY TO FINANCE COSTS THEREOF
WHEREAS, The City of Kalispell, Montana {the "City") is authorized by Montana Code
Annotated, Title 7, Chapter 15, Parts 42 and 43, as amended (the "Act"), to create
an urban renewal area, to undertake urban renewal projects therein, to provide for
the segregation and collection of tax increment with respect to property taxes
collected in the urban renewal area, to issue its bonds to pay the costs of such
projects and to pledge to the repayment of the bonds the tax increment derived
from the urban renewal area; and
WHEREAS, In accordance with the provisions of the Act, this Council adopted Ordinance No.
1.242, on July 1, 1996, establishing an urban renewal area within the City
designated as the "City of Kalispell Airport/Athletic Complex Urban Renewal
District" (the "Urban Renewal Area") and adopted an urban renewal plan
therefor, entitled the "Kalispell City Airport/Athletic Complex Redevelopment
Plan Analysis" (the "Urban Renewal Plan"), after due mailed and published
notice and a public hearing and receipt of recommendations from the City/County
Planning Board, which certified that the Urban Renewal Plan conforms to the
general plan for the development of the City as a whole and the comprehensive
plan of the City for the area containing the Urban Renewal Area; and
WHEREAS, By Ordinance No. 1260, adopted by this Council on March 17, 1997, this Council
amended Ordinance No. 1242 to provide for the segregation of and application of
tax increment in the Urban Renewal Area and established January 1, 1996 as the
base year for calculating the tax increment as provided in Sections 7-15-4282
through 7-15-4293 of the Act; and
WHEREAS, On February 22, 2005, this Council adopted Resolution No. 4978 which identified
the purchase of land and improvements currently owed by Red Eagle Aviation,
the construction of the northwest ramp and taxiways, the construction of the
northwest utilities, the construction of an internal vehicle access road (16
feet wide), and the purchase and installation of an automatic vehicle security gate,
as an urban renewal project proposed to be undertaken in the Urban Renewal
Area (collectively, the "Urban Renewal Project"); and
WHEREAS, The Urban Renewal Project will further the goals and objectives of the Urban
Renewal Plan and constitutes "Phase 1" of the Airport Master Plan, which has
been approved by the Federal Aviation Administration; and
WHEREAS, The Urban Renewal Project does not alter any land uses contained in the Urban
Renewal Plan and conforms to the general plan for the development of the City as
a whole and the comprehensive plan of the City for the area containing the Urban.
Renewal Area; and
WHEREAS, The estimated cost of the Urban Renewal Project is $1,700,000; and
WHEREAS, It is proposed that the City issue its tax increment urban renewal revenue bonds in
the maximum aggregate principal amount of $2,000,000 (the "Bonds") to finance
costs of the Urban Renewal Project, to fund a debt service reserve fund for the
Bonds and to pay costs of issuance of the Bonds, which Bonds would be payable
solely from all or a portion of the tax increment derived from the Urban Renewal
Area and would not constitute general obligations of the City, and
WHEREAS, An Ordinance has been proposed to be adopted by this Council (the "Ordinance")
which would amend the Urban Renewal Plan to approve the Urban Renewal
Project and authorize the issuance of the Bonds, which Ordinance was adopted on
first reading at the meeting of the City Council on June 20, 2005; and
WHEREAS, Under Sections 7-15-421.4, 7-15-421.5 and 7-15-4221 of the Act, it is necessary to
conduct a public hearing on the amendment of the Urban Renewal Plan and
approval of the Urban Renewal Project.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
Section 1. Public Hearin. On July 5, 2005, at 7:00 p.m., in the Council Chambers in the
Kalispell City Hall, the City Council will conduct a public hearing on the proposed amendment
of the Urban Renewal Plan to authorize the Urban Renewal Project and the issuance of the
Bonds to finance costs thereof through the adoption of the Ordinance.
Section 2. Notice of Public Hearing. The City Clerk is hereby authorized and directed to
publish a copy of the Notice of the Public Hearing in substantially the form attached hereto as
Exhibit A (which is hereby incorporated herein and .made a part hereof) twice in The Daily
Interlake, the official newspaper of the City and published in Flathead County, Montana, with
not less than six days separating each publication date, and to mail a copy of said notice, not less
than 10 days before the date of the public hearing, to every person or entity whose names appear
on the County Treasurer's tax roll as the owners, reputed owners, or purchasers under contracts
of deed of real property within the Urban Renewal Area at the addresses shown on the tax roll.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF
THE CITY OF KALISPELL, THIS 20TH DAY OF JUNE, 2005.
Pamela B. Kenned
Mayor
ATTEST:
r
Theresa White
City Clerk.
CITY OF KALISPELL, MONTANA
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 amendment of the
City of Kalispell Airport/Athletic Complex Redevelopment Plan (the "Plan") on July 5, 2005, at
7:00 p.m., at the Council Chambers in the Kalispell City Hall, 312 1" Avenue East, Kalispell,
Montana. The Plan relates to an urban renewal area within the City designated as the "City of
Kalispell Airport/Athletic Complex Urban Renewal District" (the "Urban Renewal Area"),
which encompasses the municipal airport and certain adjacent property.
The proposed amendment of the Plan would approve an urban renewal project and the
issuance of tax increment urban renewal revenue bonds. The urban renewal project consists of
Phase I of the Kalispell City Airport Master Plan, which includes 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 feet wide), and purchase and installation of an automatic vehicle security gate at the airport,
at an estimated cost of $1,700,000 (the "Project"). It is proposed that the Bonds be issued in the
aggregate principal amount of $2,000,000 to finance costs of the Project, to fund a debt service
reserve fund for the Bonds and to pay costs of issuance of the Bonds.
Further information may be obtained from Theresa White, the City Clerk of the City,
whose address is Kalispell City Hall, 312 1s` Avenue East, Kalispell, Montana, and whose
telephone number is (406) 758-7756.
Any interested persons may appear and will be .heard or may file written comments with
the City Clerk prior to such hearing.
Dated this 20th day of June, 2005.
BY ORDER OF THE CITY COUNCIL
LM
Publication Dates: June 22, 2005
June 29, 2005
Theresa White
City Clerk