Resolution 3764 - Budget Transfer - Tax Increment Fund to Lighting DistrictsRESOLUTION NO. 3764
A RESOLUTION AUTHORIZING THE CITY -CLERK TREASURER TO TRANSFER FUNDS
FROM TAX INCREMENT FUND TO DECORATIVE LIGHT MAINTENANCE FUND AND
SPECIAL LIGHT #1 DEBT SERVICE FUND.
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WHEREAS, the City has in its TIF-Bidders ' Bond Account Fund a
balance of $6,469.35, and
WHEREAS, the City won the lawsuit.with the bidder for the downtown
decorative lights, and
WHEREAS, the City is authorized and required to transfer funds
from one fund to another fund only by resolution or ordinance, and
WHEREAS, an appropriate fund to transfer said fund to is the
Decorative Light Maintenance Fund and Special Light #1 Debt Service
Fund in the amounts of $1,498.68 for the City's assessment for debt
and the balance of $4,970.67 to the Decorative Light Maintenance
Fund.
YNOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
That the City Clerk -Treasurer is hereby authorized and directed
to transfer the amount of $6,469.35 from the Tax Increment
Fund to. the Decorative Light Maintenance Fund and the Special
Light 01 Debt Service Fund.
PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR THIS 21st
DAY OF SEPTEMBER, 1987.
hn "E Kenne y Jr., Mayor
ATTEST: I, the undersigied, ity 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 Treasurer
City Clerk of the City of Kalispell