Resolution 3411 - Amending Outlaw Inn Project AmountRESOLUTION NO. 3411
A RESOLUTION AMENDING THE AUTHORIZED PRINCIPAL
AMOUNT OF CITY OF KALISPELL, MONTANA,
INDUSTRIAL DEVELOPMENT REVENUE MORTGAGE NOTE
(OUTLAW INN PROJECT), AS FIRST APPROVED
IN RESOLUTION NO. 3379
WHEREAS, the City of Kalispell, Montana (the "City),
acting through its City Council (the "Council") adopted Resolu-
tion No. 3379 on November 2, 1981; and
WHEREAS, Resolution No. 3379 declared the City's intent
to issue and sell industrial development revenue bonds in the
aggregate principal amount not to exceed $2,800,000; and
WHEREAS, the project costs associated with the Outlaw
Inn has exceeded the amount reasonably estimated to be required
at the time Resolution No. 3379 was adopted; and
WHEREAS, Outlaw Inn has requested the City to author-
ized an additional $100,000 principal amount of revenue bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF KALISPELL, MONTANA, THAT:
Resolution No. 3379 is hereby amended to increas_1. the
principal amount of revenue bonds to be issued from $2,800,000 to
$2,900,000 and is hereby confirmed as amended.
ATTEST:
City erk
{Seal)
1
ADOPTED AND APPROVED this 21st day of June, 1982.
CITY OF KALISPELL, MONTANA
ow t
I, the undersigned, City Clerk of the City of Kalispell certify that the foregoing is a true
copy of the Resolution passed by the City Council of the City of Kalispell, Montana at a
regular meeting held
City Clerk of the City of Kalispell