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02. Resolution 5278 - Resolution of Intent & Call for PH - 2007/2008 Street Maintenance Budget Amendmenti ......... . .. .. ty of Kalis-r%eil Post Office Box 1997 - Kalispell, Montana 59903-I997 -Telephone (406)758-7700 Fax406)758-7755 REPORT TO: Mayor Kennedy and City Council Members FROM: Amy Robertson, Finance Director James Patrick, City Manager SUBJECT. 2008 Budget Amendment - Special Street Maintenance Fund MEETING DATE: May 5, 2008 BACKGROUND: The City Council needs to hold a Public Hearing to amend the Street Maintenance Budget for budget authority to enter into a contract for the Northridge Drive Overlay project. The bid specs are prepared and will not be offered for bid until budget approval. This is the first year the City has collected funds for the pavement replacement program. Budget authority is for the amount of the funds collected -- the bid amount is unknown at this time. "COMMENDATION: Adopt resolution calling for a public hearing to amend the budget. Amy Robertson Finance Director Report compiled: April 30, 2008 Jaynes Pa ick City Manager RESOLUTION NO.527S A RESOLUTION OF INTENT CALLING FOR. A PUBLIC HEARING TO AMEND THE ANNUAL APPR.OPR.IATIONS OF THE CITY OF KALISPELL, MON TANA, AS SET FORTH IN THE 2007-2008 BUDGET ADOPTED] BY THE CITY COUNCIL. WHEREAS, in the budget adopted by the City of Kalispell for the 2007-2008 fiscal year, certain detailed and itemized estimates of expenditures have proven inaccurate in the estimates for the operations of the City for the 2007-2008 fiscal year. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION I. On the 19th day of May, 2008 at 7:00 o'clock P.M., in the Council Chambers, City Hall, 201 1st Avenue East, Kalispell, Montana, the City Council of the City of Kalispell shall hold a Public Hearing on the following amendment to the 2007-2008 fiscal budget: #935 Street Maintenance Budget $ 140,000 Pavement Replacement Program — increase budget to award contract for street overlays to be paid out of funds collected for pavement replacement. The contract will provide overlays for the Northridge Drive Overlay Project. This is the first project to utilize the pavement replacement program funding. SECTION II. That notice of the passage of this resolution shall be published pursuant to Section 7-1-4127, MCA. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 5TH DAY OF MAY, 2008. Pamela B . Kennedy Mayor ATTEST: Theresa white City Clerk