7. Resolution 4704 - Interim Financing Loan - Tri-City Planning OfficeCity of Kalispell
Post Office Box 1997 - Kalispell, Montana 59903-1997 - Telephone (406)758-7700 Fax(406)758-7758
REPORT TO:
FROM:
SUBJECT:
MEETING DATE:
Mayor Kennedy and City Council Members
Amy Robertson, Finance Director
Chris Kukulski, City Manager
Tri-City Planning office -operating loan
May 20, 2002
BACKGROUND: This is a resolution to provide interim financing for operations to be
re -paid when the funds are released from the County. Columbia
Falls and Whitefish are also making proportionate loans to the Tri-
City office. The Tri-City board asked for an interest free loan which
we will provide from our General Fund operating cash account. It is
our hope that this is short term financing.
RECOMMENDATION: Adoption of Resolution 4704 authorizing the loan.
FISCAL EFFECTS: $21,520 transferred from the General Fund to Special Revenue fund
Tri- City Planning, fund 2250.
ALTERNATIVES: As suggested by Council.
Amy H. Robertson
Finance Director
Report compiled: May 13, 2002
Chris A. Kukulski
City Manager
RESOLUTION NO. 4703
A RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO LOAN FUNDS FROM
THE GENERAL FUND TO THE TRI-CITY PLANNING FUND IN THE AMOUNT OF
$21,520 FOR SHORT TERM FINANCING UNTIL LEGAL REMEDIES RELEASE THEIR
FUNDS.
WHEREAS, the City has in its General Fund account funds to be
invested,
WHEREAS, the Tri-City Planning Office has a receivable from the
County for funds needed for operations,
WHEREAS, the Tri-City Planning Office anticipates receiving funds
in the near future,
WHEREAS, the City is authorized and required to transfer funds
from one fund to another fund only by resolution or
ordinance.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
SECTION I. That the Finance Director is hereby authorized
and directed to advance the aforementioned
funds from the General Fund account to the
Tri-City Planning Fund.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL
AND SIGNED BY THE MAYOR THIS 20TH DAY OF MAY, 2002.
Pamela B. Kennedy
Mayor
"-A wa"yx
Theresa White
City Clerk
\res\4703 tri-city.wpd
Tri-City Planning Office
17 Second Street East Suite 211
Kalispell Montana 59901
Phone: (406) 751-1850
Fax: (406) 751-1SSS
tricitvrmenturytel.net
www.tricityplan"ing-mt.com
MEMORANDUM
TO: CAROL KOSTMAN, ASSISTANT FINANCE DIRECTOR
CHARLIE HARRALL, CITY ATTORNEY
FROM: TOM JENTZ, DIRECTOR <t�
DATE: APRIL 17, 2002
RE: TRI-CITY PLANNING OFFICE - LOAN FOR INTERIM FINANCING
The Tri-City Planning Board, at their regularly scheduled meeting of April 16, 2002,
approved a request for a $40,000 loan to serve as interim financing for the Tri-City
Planning Office. The loan is to be apportioned to each member City according to its
current funding formula. The loan will be re -paid to each jurisdiction when the
contested funds dating back to the July, 2001 County withdrawal from the CAB are
released from the County. Chris Kukulsld indicated that the City of Kalispell will bill
both Whitefish and Columbia Falls for their respective shares. The proportionate
shares are as follows:
City % Share
Columbia Falls 11.9% $ 4,760
Kalispell 53.8% $21,520
Whitefish 34 3% $13,720
100% $40,000
In addition, the City Council will need a resolution prepared to authorize the budget
transfer and loan. It is anticipated that the Tri-City Planning Office will need the loan
funds by June 1, 2002, as at that point we will no longer be operating on a cash basis.
If you have any questions, do not hesitate to contact this office. Thank you for your
assistance in this matter.
TRJ/sm
TRI-CITY PLANNING/NIIDGET/2003/L0A1q REQUEST-RALISPELL
Providing Community Planning Assistance To:
• City of Columbia Falls • City of Kalispell • City of Whitefish