Resolution 3914 - Approve Emergency Expenditure - Retiring GO Bondsf
RESOLUTION 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 General Obligation Bonds
during said year, and
WHEREAS, for reasons that could not have been reasonably foreseen
at the time of the 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, 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
did set a Public Hearing to be held at 7:30 P.M. on the 16th day of
October, 1989, at the Council Chambers, City Hall, Kalispell, Montana,
and directed the City Cleric -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 Obligation
Bonds for Fiscal Year 1989.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
SECTION I. That an emergency exists in the General Obligation
Bond Fund for the Fiscal Year 1989, occasioned by unantic.ipat.ed
rises in the cost of retiring General Obligation Bonds
resulting in a fund deficit of $559.00.
SECTION II. 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 III. 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.
9
hn "Ed" Kenne Jr., Mayor
ATTEST:
Don Halver, C.M.C.
City Clerk -Treasurer