Resolution 5114 - Authorizing Sale of Armory Bldg to Gateway Hospitality Group - Hilton Garden Inn-R—ESo U ' oN No. 51.14
A. RESo U ' oN TO SELL CERTAIN REAL ESTATE OWNED BY SHE CITY of
KALISPELL AND MORE PARTICULARLY DESCRIBED AS TRACT I of
CERTIFICATE of SURVEY No, 170459 A TRACT of LAND, SITUATED, LYING,
AND BEING IN THE NORTH HALF of THE NORTHWEST QUARTER of SECTION
20, TOWNSHIP 28 NORTH, RANGE 21 WEST, P.M.M., FLATHEAD COUNTY,
MONTANA TO GATEWAY HOSPITALITY GROUP, INC.
WHEREAS, the City or Kalispell owns certain real property commonly known as 1840
Highway 93 South, Kalispell, Montana (the Armory), , consisting of approximately
3.4 acres and more particularly described as Tract I Of Certificate of Survey No.
17045, a tract of land, situated, lying, and being in the North Half of the
Northwest Quarter of Section 20, Township 28 North, Range 21 Nest, #M.M.,
Flathead County, Montana; and
WHEREAS, the subject property is located within the Kalispell .Airport Tax Increment District
which has been previously round by the City to be blighted and in need of urban
renewal; and
WHEREAS, the City obtained an appraisal for the subject property which established a fair
market value for the real property and improvements at the sum of $1,216,000;
and
WHEREAS, the City published a request for proposals for the purchase and investment in the
subject property with certain criteria required to meet the needs of the urban
renewal plan for the Kalispell Airport Tax Increment District; and
WHEREAS, GatewayG-ateway Hospitality Group, Inc. submitted a proposal that net the criteria set
forth in the City's RFP, which included a substantial investment in the property
consisting of the construction of a 117,300 square foot hotel, restaurant and
conference center carrying the franchise of a major hotel chain, and offered to
purchase the property for the appraised fair market value.
NOW, THEREFORE, BE IT RESOLVED Y THE CITY COUNCIL THE CITY of
KALISPELL AS FOLLOWS:
SECTION I. The City Manager is hereby authorized to enter into a Purchase and Sale
Agreement with Gateway Hospitality ty Group, Inc. for the above -described
real property, for the total sum of $1,216,000 on the conditions that the
property be developed as a hotel and conference center and that the
.purchaser eomplies with all terms of a developer's agreement approved by
City Council.
SECTION 11. The City Manager shall further hold the proceeds of the Sale in .n interest
bearing account until such time as the Community Center Committee has
developed recommendations for a Community Center and a public bearing
can be held to elicit public comment regarding the use of the sale proceeds
toward the development of a Community Center and the City Council
makes its final determination.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR of
E CITY of KALISPELL, THIS 1 ST DAY of MAY, Zoo .
Pamela B. I enne y .
Mayor
ATTEST:
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Theresa White
City Clerk