Resolution 3375 - Call for Public Hearing - Outlaw Inn ProjectRESOLUTION NO. 3375
A RESOLUTION CALLING FOR A PUBLIC HEARING
ON A PROPOSED PROJECT UNDER DART 1 OF CHAPTFR 5 OF TITLE 90
MONTANA CODE ANNOTATED 1979, AS AMENDED
WHEREAS, the City of Kalispell, Montana (the "City") acting
through its City Council (the "Council") is authorized by the
provisions of Part 1, Chapter 5, Title 90, Montana
1979, as amended, (the "Act"), to acquire
Code Annotated,
consisting of
projects
real and personal
properties suitable
for use for
commercial
enterprises, to lease such projects to
others upon
such terms
and conditions as
the Council may deem
advisable,
and as shall
not conflict with the provisions of the Act, to enter into
agreements to loan the proceeds of its revenue bonds to others
for the purpose of defraying the costs of acquiring or improving
such projects upon terms the Council considers advisable and
not in conflict with the provisions of the Act, and to issue
revenue bonds for the purpose of defraying the cost of acquiring
or improving such projects; and
WHEREAS, Outlaw Inn, a Montana general partnership, (the
"Company"), proposes to acquire certain real property, construct
improvements thereon and install therein equipment and other
personal property, all suitable.and to be used as a motel facility
and as part of a convention motel facility (the "Project"), located
within the City; and
WHEREAS, the Company has represented to the City that the
Project will be designed to qualify as a "Project" within the
meaning of the Act; and
WHEREAS, the Company has requested the City to issue and
sell its revenue bonds in an aggregate principal amount not to
exceed $2,800,000 pursuant to the provisions of the Act (the
"Bonds"), for the purpose of.financing the Project; and
WHEREAS, underthe provisions of the Act, the Bonds shall be
limited obligations of the City and the Bonds and interest
coupons appurtenant thereto shall not constitute or give rise
to a pecuniary liability of the City or a charge against its
general credit or:taxing powers, --and
l
WiIEREA._. __ -- ---
S, Section 90-5-104 of the Act requires that prior to
the issuance of any Bonds under the authority of the Act, the
Board shall give notice and hold a public hearing on the proposed
Project.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the
City of Kalispell, Montana, as follows:
Section 1. Public Hearing. Pursuant to the requirements
of the Act, a public hearing on the proposed Project is called
and shall be held on the 2nd day of November, 1981, at 7:30
o'clock p.m. at the City Council Chambers, City Hall, Kalispell,
Montana. Following the conduct of the public hearing, the
Council shall, determine whether or not the acquisition, construc-
tion and improvement of the Project is in the public interest
of the City.
Section 2. Form of Notice of Public Hearing. The notice
of the public hearing shall be in substantially the follocving
form:
NOTICE OF PUBLIC HEARING
ON A PROPOSED PROJECT UNDER PART 1 OF CHAPTER 5 OF TITLE 90
MONTANA CODE ANNOTATED 1979, AS AMENDED
. CITY OF KALISPELL, MONTANA
NOTICE IS HEREBY GIVEN, that the City Council of Kalispell,
Montana, will meet on A144,LA,,,4h .1 , 1981, at 7:30 o'clock n.m.,
at the Council Chambers in the City Hall in Kalispell, Montana,
for the purpose of holding a public hearing on a proposed project
under Title 90, Chapter 5, Part 1, Montana Code Annotated. The
proposed project will consist of certain real property, construction,
and expansion of Outlaw Inn's, a Partnership, existing
facility in Kalispell, Montana, known as the "Outlaw Inn", to
acquire real property, make related site improvements, construct
additional facilities for rooms and recreational facilities as an
expansion of Outlaw Inn, a Partnership, expansion of its existing
Outlaw Inn facility in Kalispell, Montana, and to equip such
additional facility to be used as an addition to the Outlaw Inn
at a cost presently estimated to be approximately $2,800,OOU.
Funds for this purpose will be provided by the issuance of
revenue bonds or notes of the City of .Kalispell, Montana, under
' Title 90, Chapter 5, Part 1, Montana Code Annotated, which bonds
will be'secured 'by such security
as may be deemed advisable. The
bonds shall be special, limited obligations of the City of Kalispell
payable solely from revenues derived from the project and the
bonds and interest coupons shall, not constitute nor give rise to
a pecuniary liability of the City, or a charge against its general
credit or taxing powers. She bond proceeds will be loaned to
Outlaw Inn, a Partnership, or their designee, which will be a
1
related entity, which will pay net amounts at least sufficient to
pay the principal of and interest on the bonds as and when due.
All persons interested may appear and be heard at said time
and place.
DATED October :�, 1981.
BY ORDER OF THE CITY COUNCIL OF KALISPELL, MONTANA.
r
MarjQhe Giermann, Clerk
[]I
Section 3. Publication of Notice. The Clerk of the Council
shall cause the notice to be published in a newspaper of general
circulation in the City of Kalispell (the Daily Interlake) at
least once a week for three (3) consecutive weeks prior to the
date set for the hearing, the last such publication being at.least
seven (7) days before the date of the hearing, excluding the
day of publication.
PASSED by the City Council of the City of Kalispell, and
signed by its Mayor (Chairman) the 5th day of October, 1981.
CITY COUNCIL OF THE CITY OF 'KALISPELL.
By
Its: Mayor (Chairman)
Attest:
L, the undersigned., City Clerk of the City of. Kalispell certify that the foregoing is a true
espy of the Resolution passed by the City Council of the City of Kalispell, Montana at a
regular meeting held
h •r
City C rk of the City of Kalispell