Resolution 6158 - Transfer Loan Programs to MWEDRESOLUTION NO.6158
A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE
ADMINISTRATIVE AGREEMENTS WITH MONTANA WEST ECONOMIC
DEVELOPMENT ("MWED") FOR TRANSFER OF THE UNITED STATES
DEPARTMENT OF AGRICULTURE OFFICE OF RURAL DEVELOPMENT
INTERMEDIARY RELENDING PROGRAM ("IRP") FUNDS AND COMMUNITY
DEVELOPMENT BLOCK GRANT ("CDBG") REVOLVING LOAN FUNDS.
WHEREAS, on March 4, 1985, the City Council passed Resolution 3567, authorizing
implementation of a Community Development Block Grant program; and
WHEREAS, on May 5, 2003, the City Council passed Resolution 4780, which established an
Economic Development Revolving Loan Fund for small business retention and
expansion in the City of Kalispell and created an Economic Development Loan
Review Committee; and
WHEREAS, the US Department of Agriculture Rural Development and CDBG Economic
Development Block Grant sources make loan funds available for the creation of
local government revolving loan programs for small business retention and
expansion which may stimulate economic development activity by assisting the
private sector where a funding gap exists and alternative sources of public and
private financing are not adequate; and
WHEREAS, the City Council desires to transfer the City's IRP and CDBG loan funds to
MWED, which currently operates and oversees CDBG and IRP loan programs
and is experienced in working with and complying with the administrative
requirements of State, Federal, and community lending programs in Montana; and
WHEREAS, the City and MWED wish to enter into a mutually beneficial arrangement that
enables MWED to expand its loan program offerings in the City to benefit small
business and eliminate duplication of services and, as such, will provide services
to the City related to the management and administration of the two City loan
programs.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
SECTION 1. That the City Manager is hereby authorized and directed to execute the
Administrative Agreements with Montana West Economic Development
for transfer, management and administration of the United States
Department of Agriculture Office of Rural Development Intermediary
Relending Program funds and Community Development Block Grant
Revolving Loan funds.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF
THE CITY OF KALISPELL, THIS 5TH DAY OF SEPTEMBER, 2023.
ATTEST:
Airiee Brunckhorst, CMC
City Clerk
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Mark Johnson
Mayor