Ordinance 1000 - City Administrative Fee for Bonds82
ORDINANCE NO. 1060
AN ORDINANCE TO ESTABLISH A CITY ADMINISTRATIVE FEE ISSU-
ANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL, AS FOLLOWS:
SECTION I. On all bonds issued by the City pursuant
to the authority granted to the City by Section #90-5-102,
M.C.A., there shall be paid to the City by the lessee of
the project or the borrower of the funds, the sum of $2.50
per $1000..00 face value of said bonds. Such sums paid to
the City shall be for the purpose of defraying administra-
tive expense of the City in connection with the authori-
zation, sale and issuance of said bonds for the project
and shall be considered a cost of the project.
FINALLY PASSED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AND APPROVED BY THE MAYOR THIS tl DAY OF
ctxt a. . 1982.
" Ma•
ATTEST:
Clerk`
reasurer
I, Marjorie Giermann City Clerk of the City of Kalispell, Montana, do certify that on
the' A 1 day of 19 8/ , I posted a copy of the foregoing ordini ce
in office, and the same remained posted until the Second readi.n, on the - day of
19A_1 , and the foregoing is a true and c=ect copy of the ordinance
as assed by/the City Council.
City Cle?I of
of Kalispell, Montana
1