Resolution 3904 - Declaring Emergency - General Obligation Bond FundJ. 4
RESOLUTION NO. 39Q4^
A RESOLUTION DECLARING AN EMERGENCY BUDGET FOR THE GENERAL OBLIGATION
BOND FUND TO COVER A DEFICIT IN SAID ACCOUNT FOR FISCAL YEAR 1989
AND SETTING A DATE FOR PUBLIC HEARING THEREON.
WHEREAS, the City of Kalispell in Fiscal Year 1989 appropriated
$70,243.00 to cover retiring General Obligation Bonds during said
year.
WHEREAS, for reasons that could not have been reasonably foreseen
at the time of appropriating said amount, the actual cost of retiring
said Bonds was $70,802.00, and
WHEREAS, it is estimated that $559.00 is required to meet the
emergency, and
WHEREAS, it appears that emergency warrants may properly be
drawn against the General Obligation Bond 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
General Obligation Bond Fund for the Fiscal Year 1989,
occasioned by unanticipated shortfall in tax receipts
resulting in a fund deficit of approximately $559.00.
SECTION 1I. . That a Public Hearing shall be held by the
City Council at 7:30 P.M. on the E th day of October, 1989,
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 General Obligation
Bond Fund and authorize the expenditure of necessary funds
drawn on emergency warrants from the General Obligation
Bond 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 18TH DAY OF SEPTEMBER, 1989. .
lC !
ohn "Ed" Kennedy U11r., Mayor
ATTEST:
Don Halver, C:M.C.
City Clerk -Treasurer
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 Cite of Kalispell,
Montana at a regular meeting held
City Clerk of the City of Kalispell