Resolution 5364 - CD Revolving Loan Program Funds - AGAPE Home CareRESOLUTION NO.5364
A RESOLUTION APPROVING THE USE OF THE CITY OF KALISPELL COMMUNITY
DEVELOPMENT REVOL'LTING LOAN PROGRAM FUNDS TO PROVIDE A LOAN IN
THE AMOUNT OF $42,500 TO AGAPE HOME CARE.
WHEREAS, the City of Kalispell maintains a revolving loan fund through its Department of
Community Development to be used to provide low interest loans to entities that give
services or other development that benefit the Kalispell community, and
WHEREAS, in 2001 the City of Kalispell provided such revolving loan funds to the Northwest
Montana United Way for the purchase of property on 40 Appleway Drive in
Kalispell, Montana to be used by that organization as its office space, and
WHEREAS, the Northwest Montana United Way is now moving its offices to another location,
paying off its loan to the City and transferring the property at 40 Appleway Drive to
AGAPE home Care, a company providing home health care and daily adult daycare
services to benefit love -to -moderate income citizens in the Kalispell area, and
WHEREAS, AGAPE Horne Care applied to the City of Kalispell for gap financing in the amount
of $42,500 for the purchase of the 40 Appleway Drive property, and
WHEREAS, the Kalispell City Council finds that such loan in the amount of $42,500 meets the
purposes of the revolving loan fund and will be in the best interests of the citizens of
Kalispell and the community at large.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CI'T`Y OF
KALISPELL, AS FOLLOWS:
SECTION I. That a loan from the City of Kalispell Community Development revolving
loan fund in the amount of $42,500 to AGAPE Home Care for the financing
of the property purchase at 40 Appleway Drive, Kalispell, Montana is hereby
approved and the City Manager is authorized to execute the necessary loan
documents of behalf of the City to complete the transaction.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE
CITY OF KALISPELL, THIS 4TH DAY OF
ATTEST:
Theresa White
City Clerk