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Resolution 5535 - Budget Amendment - NSP3 Granti, INALIJOEMBIPM WHEREAS, on August 15, 2011, the City Council adopted Resolution 5513 adopting the annual appropriations of the City of Kalispell for fiscal year 2011-2012; and WHEREAS, on November 22, 2011, the City of Kalispell received additional Neighborhood Stabilization Program funds in an amount of up to $1,500,000 in order to assist Community Action Partnership to purchase foreclosed homes within the City of Kalispell to be placed in a community land trust and sold to income qualified households; and WHEREAS, said funds available to the City were not appropriated pursuant to Section 7-6- 4271, and an increase of appropriation authority is needed. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION I. That the City of Kalispell hereby appropriates the sum of up to $1,500,000 and directs the Finance Director to allocate said amount to the following program activities: REVENUE CODE 2952-000-331011-000 $1,500,000 Grant Revenue EXPENDITURE CODE 2952-480-470210-354 $1,500,000 Contract Services PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 5TH DAY OF DECEMBER, 2011. ATTEST: Theresa White City Clerk Tammi Fisher Mayor