Loading...
1. Resolution 5171 - Resolution of Intent & Call for PH - Budget AmendmentCity of Kalispell Post Office Box 1.997 - Kalispell, Montana 59903- I997 - Telephone (406)758-7700 Fax (406)755-7755 REPORT TO: Mayor Kennedy and City Council Members FROM: Amy Robertson, Finance Director James Patrick, City Manager SUBJECT: 2007 Budget Amendment - Public Hearing request MEETING DATE: January 16, 2007 BACKGROUND: The City Council is required to hold a Public Hearing for comment on the City's proposed amendment to the budget. we did not include in our original budget an appropriation amount to allow us to distribute loan repayment TIF money to the County, school district, and other jurisdictions. with the settlement of the Barbieri loan a final distribution should be made. we have a small amount of loan repayment money from the Center Street Plaza loan to distribute as well. The budget amendment needs to be for $149,935. RECOMMENDATION: Call for public hearing. Amy Robertson ames Patn Finance Director City Manager Deport compiled: January 11, 2007 RESOLUTION NO. 5171 A RESOLUTION CALLING FOR A PUBLIC HEARING TO AMEND THE ANNUAL APPROPRIATIONS OF THE CITY OF KALISPELL, MONTANA, AS SET FORTH IN THE 2006- 2007 BUDGET ADOPTER BY THE CITY COUNCIL. WHEREAS, in the budget adopted by the City of Kalispell for the 2006-2007 fiscal year, certain detailed and itemized estimates of expenditures have proven inaccurate in the operation of said Funds for the 2006-2007 fiscal year. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION I. On the 5th day of February, 2007 at 7:00 o'clock P.M., in the Council Chambers, City Hall, 312 1st Avenue East, Kalispell, Montana, the City Council of the City of Kalispell shall hold a Public Hearing on the following amendment to the 2006-2007 fiscal budget: 1. Increasing the appropriations and expenditures in the Community Development Revolving Loan Fund in the amount of $149,93 5 to facilitate distributing the remaining Kalispell Mall Properties money to the County and other taxing jurisdictions. Add to line item 2880-480-470210-708 $1491935 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 16TH DAY OF JANyUARY, 2007. Pamela B. Kennedy Mayor ATTEST: Theresa White City Clerk