Resolution 3778 - Creating Cap Imp Fund for South West Kalispell ProjectRESOLUTION NO. 3778
A RESOLUTION APPROVING THE CREATION OF A CAPITAL IMPROVEMENT FUND FOR
THE PURPOSE OF CONSTRUCTING WATER AND SEWER UTILITIES IN THE SOUTH
WEST KALISPELL PROJECT, DURING FISCAL YEAR 1988.
WHEREAS, the City of Kalispell has received a Community Development
Block Grant, in the amount of $375,000, from the U. S. Department of
Housing and Urban Development for the installation of sewer and water
mains with services to the property line in an area located between
Fourth Avenue West and Seventh Avenue West, extending southerly from
the existing City limits of Kalispell to the area in and around
Sunnyside Drive (commonly known as the South West Kalispell Project),
and
WHEREAS, the City anticipates receiving an Environmental Protection
Agency Grant for $395,075 to further fund sewer mains and road repairs
in the area, and
WHEREAS, the City shall expend funds of the Sewer Utility and
Water Utility as well as UDAG Funds to completely fund the project,
and
WHEREAS, the City further anticipates annexing said area into the
City of Kalispell, and
WHEREAS, in order to correctly and legally fund the South West
Kalispell Project the City Council must establish a Capital Improvement
Fund to account for the funds committed and spent on said Project.
NOW THEREFORE be it established by the City Council of the City
of Kalispell as follows:
SECTION I. That the City Clerk -Treasurer be authorized to create a
Construction Budget for the South West Kalispell Area Project, during
the 1988 fiscal year.
SECTION II. That said Budget shall be in substantially the following
arm:
REVENUE SOURCES:
Account
331090 EPA GRANT
331035 CDBG
383005 TRANSFER FM WATER
383006 TRANSFER FM UDAG
383007 TRANSFER FM SEWER CIP
383000 TRANSFER FM OTHER FUNDS
TOTAL REVENUE
Expenditure budget:
4060 SW SEWER/WATER PROJ.
Water 447 430555 952 CDBG
950
Sewer 454 430635 950
951 EPA
952 CDBG
$ 395,075.00 est.
375,000.00 approved
145,000.00 budgeted fy88
6,000.00 need budget transfer
37,000.00 need budget transfer
47,745.00 FY89 Gas Tax Budget
$1,005,820.00
$ 92,100.00
145,000.00
$ 237,100.00
$ 43,000.00
319,720.00
245,900.00
$ 608,620.00
Street 421 430230 951 & 110 $ 58,355.00 55%
950 & 110 47,745.00 45%
$ 106,100.00 100%
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Hookups 485 470210 712 $ .37,000.00 pay to Sewer CTP
Fund
Debt 000 490500 620 $ 8,500.00 estimate
TOTAL EXPENDTTURES $ 997,320.00
SECTION III. That the actual expenditures of City funds for the
South West Kalispell Project shall he in accordance with Montana law
and City procedures.
PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AND APPROVED
BY THE MAYOR THIS 7th DAY OF MARCH 1988.
qofhn:K-Ed-Kennedy Jr., Mayor
ATTEST:
City Clerk -Treasurer
I, the urtidersigned, 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, i;ontana at a regular meeting held
City Clerl~ of the City of I.alispell
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