Resolution 5262 - Business Incentive GuidelinesRESOLUTION NO.5262
A RESOLUTION TO ESTABLISH GUIDELINES TO DEFINE THE ELIGIBILITY OF
NEW AND EXPANDING BUSINESSES TO WHICH THE CITY OF KALISPELL MAY
OFFER POTENTIAL FINANCIAL INCENTIVES AND TO IDENTIFY THE TYPES OF
FINANCIAL INCENTIVES THAT MAY BE OFFERED BY THE CITY.
WHEREAS, the Kalispell City Council finds that the economy of the City of Kalispell, and
therefore the citizens of Kalispell, benefit when new businesses locate and
existing businesses expand and invest within the City limits of Kalispell and
thereby create new jobs and increase the tax base; and
WHEREAS, the Kalispell City Council finds that it is in the best interests of the City of
Kalispell and its citizens that there be marketing and promotion efforts as well as
some level of investment by the City to attract new business and business
expansion within the city limits; and
WHEREAS, the Kalispell City Council finds that it will be a benefit to the business promotion
efforts of the City to define the eligibility requirements for potential business
recipients of such incentives as well as to identify the types of financial incentives
that may be offered through the City.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL of THE CITY of
KALISPELL AS FOLLOWS:
SECTION I. Businesses eligible to receive financial incentives through the City of
Kalispell to locate or expand within the City shall:
a) be manufacturing, technology, office, professional or technical service
firms that are financially sound with balanced and prudent business plans;
and
b) meet statutory tax increment financing requirements if the business is to
be located within a TIF District or other statutory or regulatory
requirements of the underlying funding mechanism; and
c) which create at least 10 net new full-time positions; and
d) provide health care benefits to the employees; and
e) pay at least the average wage of $30,004 or the average wage for
Flathead County as determined by the Montana Department of Commerce.
SECTION II. the City shall analyze each investment opportunity on a case by case basis
and the amount and type of incentives shall correlate with the economic
impact the business investment will potentially have on the community.
SECTION III, the financial incentives that may be offered by the City include:
a) eligible casts from the tax increment financing districts;
b) participation through the City with the Montana Board of Investments
programs;
c) numerous other state incentive programs as are now or may become
available;
d) miscellaneous cost reductions or structured payment plans which will
be specified based on the end user needs and as may be approved by
Council.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR. OF
THE CITY OF I ALISPELL, THIS 4TH DAY OF FEBR.UARY, 2008.
ATTEST:
R
Theresa White
City Clerk