Resolution 3682 - Emergency Budget - Comprehensive Insurance Fund450
RESOLUTION NO. 3682
A RESOLUTION DECLARING AN EMERGENCY BUDGET FOR THE COMPREHENSIVE
INSURANCE FUND TO COVER A DEFICIT IN SAID ACCOUNT FOR FISCAL YEAR
1986 AND SETTING A DATE FOR PUBLIC HEARING THEREON.
WHEREAS, the City of Kalispell in Fiscal Year 1986 appropriated
$83,597.00 to cover the cost of Comprehensive Liability Insurance
incurred during said year, and
WHEREAS, for reasons that could not have been reasonably foreseen
at the time of appropriating said amount, the actual cost of Comprehen-
sive Liability Insurance was $104,378.00, and
WHEREAS, it is estimated that $20,781.00 is required to meet the
emergency, and
WHEREAS, it appears .that emergency warrants may properly be drawn
against the Comprehensive Liability Insurance Fund.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
SECTION I. That an emergency appears to exist in the Comprehen-
sive Liability Insurance Fund for the Fiscal Year 1986,
occasioned by unanticipated rises in the cost of securing
liability insurance resulting in a fund deficit of approxi-
mately $20,781.00.
SECTION II. That a Public Hearing shall be held by the City
Council at the regularly scheduled Council meeting to be
held at 7:30 P.M. on the 15th day of September, 1986, at the
Council Chambers, City Hall, Kalispell, Montana.
SECTION III. That at said hearing any taxpayer or resident
of Kalispell may appear and be heard regarding the expenditure
of money for the alleged emergency.
SECTION IV. That at the conclusion of said hearing the
Council may, by unanimous vote, declare an Emergency Budget
Appropriation to adequately fund the Comprehensive Liability
Insurance Fund and authorize the expenditure of necessary
funds drawn on emergency warrants from the Comprehensive
Insurance Fund to meet the emergency.
SECTION V. The City Clerk -Treasurer is hereby authorized
and directed to publish notice of the above set public hearing
by publishing a copy of the Resolution together with a Notice
of Public Hearing in the Daily Inter Lake, said publication
to appear on time at least seven (7) days prior to the time
__set for hearing.
PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AND APPROVED
BY THE MAYOR THIS llth DAY OF August 1986.
5oC "Ed" Kenne r., Mayor
ATTEST:
City Clerk- easurer
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