Resolution 3914 - Approve Emergency Expenditure - Retiring GO BondsRESOLUTION NO. __39j4_
A RESOLUTION APPROVING EMERGENCY EXPENDITURES IN THE AMOUNT OF $559-00
TO COVER THE ACTUAL COST OF RETIRING GENERAL OBLIGATION BONDS DURING
FISCAL YEAR 1989.
WHEREAS, the City Of Kalispell in Fiscal Year 1989 appropriated
$70,243.00 to cover the cost of retiring Genei�al obligation Bonds
during said year, and
e n
WHEREAS, for reasons that could not have been reasonably fores-e
at the time of the appropriating said amount, the actual cost. 0
retiring said Bonds was $70,802.00, and
WHEREAS, it is estimated that $559-00 is required to meet the
emergency, and
WHEREAS, the City Council of the City of Kalispell, pursuant to
section 7-6-4252, M.C.A., on the 18th day of September, 1989, passed
Resolution No. 3904, and pursuant to said Resolution the City Council
-30 P.M. on the 16th day of
did set a Public Hearing to be held at 7.
October, 1989, at the Council Chambers, City Hall, Kalispell, Montana,
and directed the City Clerk -Treasurer to publish Notice of said Public
Hearing in accordance with said section, and
WHEREAS, the City Council pursuant to said Notice did hold a
Public Hearing at said time and place and provided an opportunity for
taxpayers and residents of the City of Kalispell to be heard for or
against the expenditure of money for the alleged emergency, and
WHEREAS, the city' Council at the conclusion of said hearing
determined that it was appropriate to approve the emergency expenditure
of $555.00 to Cover the actual cost of retiring General ObligaLion
Bonds for Fiscal Year 1989.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
SECTION 1. -That an emergency exists in the General obligation
Bond Fund tor the Fiscal Year 1989, occasioned by unanticipat ed
rises in the cost of retiring General obligation Bonds
resulting in a fund deficit of $559-00.
SECTION 11. That the City Council does hereby approve the
expenditure of $559.00 and directs the said expended funds
be drawn on emergency warrants from the General Obligation
Bond Fund.
SECTION 111. That this Resolution shall be entered upon
the minutes of the Council meeting held this date and as
such shall evidence compliance with Section 7-6-4252, M.C.A.
PASSED BY THE UNANIMOUS VOTE OF THE CITY COUNCIL OF THE CITY OF
KALISPELL AND APPROVED BY THE MAYOR THIS Gth DAY OF NOVEMBER
1989.
hn "Ed" Kenne6� Jr., Mayor
ATTEST:
D6_'n Halver,
City Clerk -Treasurer