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Resolution 3756 - Emergency Budget Amendment & Call for PHRESOLUTION NO. 37_ 5� b A RESOLUTION DECLARING AN EMERGENCY BUDGET ACCOUNT THECOMPREHENSIVE OF pSCAL NYEAR INSURANCE FUND TO COVER A DEFICIT 1987 AND SETTING A DATE FOR PUBLIC HEARING THEREON. WHEREAS, the City of Kalispell in Fiscal Year 1987 appropriated $144,356.00 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 was amount, the actual cost of Comprehen- sive Liability Insuranc $ WHEREAS, it is estimated that $99,722.00 is required to meet the emergency, and WHEREAS, it appears that emergency warrants Fund. properly be drawn against the Comprehensive Liability Insurance 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 1987, occasioned by unanticipated rises in the cost of securing liability insurance resulting in a fund deficit of approxi- mately $99,722.00. SECTION II. That a Public Hearing shall be held by the 7Cita� Counci at 7:30 P.M. on the 8th day of September, 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 Councii 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 - 8th DAY OF September , 1987. 7ohn ' Ed. ' Kennedy r . , Mayor ATTEST: J City C erk-Treasurer f the City of Kalispell, certify that the foregoing City Clerk o 1, the undersigned, Council of the City of Kalispell is a true copy of the Resolution passed by the City Montana at a regular meeting held City Clerk of the City of Kalispell