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Resolution 6028 - ROI - Public Hearing Re Allocation of CDBG FundsRESOLUTION NO. 6028 A RESOLUTION OF INTENT CALLING FOR A PUBLIC HEARING REGARDING THE PROPOSED REALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS HELD AND MANAGED BY THE CITY OF KALISPELL. WHEREAS, the City of Kalispell currently holds and manages Community Development Block Grant [CDBG] funds in the amount of $525,000 previously received from the Montana Department of Commerce which the City has utilized in a revolving loan fund to provide gap financing in the form of small loans to Kalispell businesses; and WHEREAS, the subject CDBG funds have been fully revolved and applications for these funds are now scarce due to the widely available low rate of interest offered by commercial banks; and WHEREAS, the City of Kalispell has the option, and may, by resolution, reallocate the subject CDBG funds to any other purpose that meets the objectives of the CDBG funding; and WHEREAS, there is currently a need for additional funding for the Kalispell Parkline construction project which is an urban redevelopment project designed to prevent and eliminate blight and falls within one of the objectives of CDBG funding. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION 1. On the 7th day of June 2021 at 7:00 o'clock P.M., in the Council Chambers, City Hall, 201 1 st Avenue East, Kalispell, Montana, the City Council of the City of Kalispell shall hold a Public Hearing on the proposed reallocation of Community Development Block Grant [CDBG] funds in the amount of $525,000 to the purposes of providing additional funding for the Kalispell Parkline construction project. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 17TH DAY OF MAY, 2021. Mark John n Mayor ATTEST: Aim e Brunckhorst, CMC � O ' City Clerk vSE) v: 1892 : P _ 1 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 to receive public testimony and evidence on June 7, 2021, at 7:00 p.m., regarding reallocation of Community Development Block Grant funds that the city is currently managing. The City of Kalispell has the option to reallocate the subject CDBG funds to the Parkline Trail construction. The public can participate either in person at City Hall or via video conference with the link on the June 7, 2021 Council Agenda at https://www.kalispell.com/agendacenter. Public comment for this hearing can also be provided via email to publiccommenteakalispell.com. Further information may be obtained from the City Clerk at Kalispell City Hall, 201 1 st Avenue East, Kalispell, Montana, telephone number (406) 758-7756, cityclerk i4alispell.com, mailing address PO Box 1997, Kalispell, Montana, 59903. Any interested persons may appear either in person or via teleconference and be heard at this scheduled public hearing or may file written comments with the City Clerk prior to such hearing. Dated this 17th day of May, 2021. BY ORDER OF THE CITY COUNCIL By . 4k6lll��. tAimBrunckhorst, CMC City Publication Dates: ,%11111/I11.�''� "mac �♦` ........••4 j:S May 23 2021�O . May 30, 2021: 4 �.