1997/03/13 Ordinance 1260 - TIF Amendment Airport Area - 2nd ReadingAgenda -March
A,GENDA,_I_TEM_AL_-__QRD_I AMENs •: •O- M,
The City Council on June 17t'', 1996 approved the
Kalispell City -County Airport/Athletic Complex
Redevelopment Plan (Ordinance No. 1242). The Plan and
the Ordinance contained references to the Montana Urban
Renewal law, Title 7, Chapter 15, Parts 42 and 43 and
discussed Tax Increment as an option to financing
improvements to the Airport and Ballfields. The County
Assessor established January 1, 1996 as the base taxable
value date for calculating increment to the District.
After discussing the Ordinance and Plan with the City`s
bond counsel, Mae Nan Ellingson, it was determined that
the City should amend the Ordinance to clearly state that
the City would segregate tax increment funds accruing to
the.district and apply those funds to projects. It would
also be appropriate to recognize January 1, 1996 as the
base taxable value date for the District. An Ordinance
amending Ordinance No. 1242 is included in your packets
for second reading.
ORDINANCE NO. 1260
AN ORDINANCE AMENDING ORDINANCE NO. 1242 TO PROVIDE FOR THE
SEGREGATION OF AND APPLICATION OF TAX INCREMENT IN THE CITY
AIRPORT/ATHLETIC COMPLEX REDEVELOPMENT PLAN AND CONFIRMING JANUARY
1ST, 1996 AS THE BASE YEAR FOR CALCULATING THE TAX INCREMENT.
WHEREAS, on June 17th, 1996, the City Council of the City of
Kalispell adopted Ordinance No. 1242 approving the
Kalispell City Airport/Athletic Complex Redevelopment
Plan as an urban renewal plan, and
WHEREAS, under said Ordinance the City authorized the Manager to
implement the Plan with the powers set forth in Title 7,
Chapter 15, Parts 42 and 43, which includes a provision
for the segregation and application of tax increments
accruing to a district, and
WHEREAS, under § 7-15-4286, MCA mill rates of taxing bodies for
taxes levied after the effective date of the tax
increment provision shall be calculated on the basis of
the sum of the taxable value, as shown by the last
equalized assessment roll, of all taxable property
-' located outside the urban renewal area and the base
taxable value of all taxable property located within the
urban renewal area. The mill rate so determined shall be
levied against the sum of the actual taxable value of all
taxable property located within as well as outside the
urban renewal area. The tax increment, if any, received
in each year from the levy of the combined mill rates of
all the effected taxing bodies against the incremental
taxable value within the urban renewal area, except for
the university system mills levied and assessed against
property as defined in 7-15-4292 (6)(a), shall be paid
into a special fund held by the treasurer of the
municipality and used as provided in 7-15-4282 through 7-
15-4292, MCA, and
WHEREAS, the effective date of Ordinance No. 12.4.2 was July 17,
1996.
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NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL, AS FOLLOWS:
SECTION —I. That January 18t, 1996 shall be established as
the base year for calculating tax increment.
SZCTION II. That the City shall segregate and apply tax
increments accruing to the district, as
provided in H 7-15-82 through 7-15-4292,
MCA.
SEC=)N TTT. That this Ordinance shall take effect thirty
(30) days, from and after, its passage and
adoption by the City Council.
FINALLY PASSED AND APPROVED BY THE CITY COUNCIL AND MAYOR OF THE
CITY OF KALISPELL, THIS DAY OF MARCH, 1997.
Douglas D. Rauthe - Mayor
Attest:
Debbie Gifford, CMC
Clerk of Council
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