Resolution 3793 - Authorize Participation in INTERCAPBOARD OF INVESTMENTS
INTERMEDIATE TERM CAPITAL PROGRAM (INTERCAP)
RESOLUTION NO. 3793
Exhibit B
Form of Commitment Agreement Resolution
A RESOLUTION RELATING TO THE BOARD OF INVESTMENTS' INTERCAP
PROGRAM, APPROVING AND AUTHORIZING PARTICIPATION THEREIN AND
APPROVING THE COMMITMENT AGREEMENT
Be It Resolved By The Governing Body of the City of Kalispell
(the Participant), as follows:
Section 1. The Board of Investments (the Board) has established
an Intermediate Term Capital Program (INTERCAP) pursuant to which it
proposes to issue Bonds for the purpose of financing capital projects
for Montana cities and towns (Local Government Units).
Section 2. The Board has required that the Participant evidence
its intention to participate in INTERCAP by executing and returning to
the Board a Commitment Agreement (the Agreement), the form of which has
been presented to and reviewed by the Governing Body, and a Commitment
Fee as defined in such Agreement.
Section 3. The Participant is authorized to participate and
hereby agrees to participate in INTERCAP in the amount and subject to
the terms and conditions set forth in the Commitment Agreement. The
mayor and Clerk/Treasurer are hereby
authorized to execute and deliver to the Board the Commitment Agreement
and the Commitment, with such additions and corrections thereto as may
be approved by the City Council and the Participant's
legal counsel.
Section 4. The Participant hereby ratifies and approves all
representations and covenants contained in the Agreement.
Passed and adopted by the rite rnll„r-J]_ of w_Ka I ,
Montana this f�th_ day of Flu -
/6t,n "Ed" Kennedy, Mayo
CERTIFICATION
The undersigned, being duly qualified and acting City Clerk -Treasurer
Of thp Qty of Kalis ell MT , hereby certifies that the foregoing is a
true ana correct copy of a resolution duly and validly adopted by the
Kalispell City Council , at a meeting duly called, noticed and
held at 7:36 o c ock p,m. on June 6 , 198 8 at City Hall
Kalispen. Montana, of —which a quorum was present and ac�i g
throughout.
Don Halver, City Clerk -Treasurer