IndexTRANSCRIPT INDEX
$495209000
City of Kalispell, Montana
Special Improvement District No. 344 Bonds
Series 2006
Dated Date - JUne 1-5, -21006
Date of Oosing- JUne -219, -21006
PARTICIPANTS
('ity/ISSUer'
(-'ity of Kalispell, Montana
PUrchaser'
D.A. Davidson & (-,0.
Financial Advisor-
D.A. Davidson & ('o.
Paying Agent/Registrar-
U.S. Bank National Association in Seattle, Washington
Bond ('OLInsel'
Kennedy & Graven, Oartered
Documents Relating to the Bonds
R C So I U t I () 11 N I I I LlCio [)tCCi by- th C ('.'[ tV ('.'() U 11 C I I () I' thC ('.'I tV ()n A p I- I 1 3 ). 210 0 6. R c L.-It 111 g) to S pCc I ('--i
1111pi-mcillcilt District No). 344 Boncis:. AL1tl1()I-IZII1(--) thC ISSLILHICC L-HlCi I'()[- t1le PUblic SL-11c
I (.)
There(WL-mci AL1tl1()I-IZI[1(�-) the Plecig.)c (Wthc Revolvill. FLIIICi to thC SCCLII-ity Therc(fl,
A 11-ick.-iv it () J'PUbl Icc,.--it I(m ()]"\()t [cc () J'SL-ilc () I'Bonci s
0II-icIL-il Bici Form SUbmitteci to the ('.'Itv by- the PL1I-Cl1C'--1SCI- OP JL1I1C 1 3). 2006.
. f .- the City Cmincil ()1'thc City ()n Junc 1 2006. Rclf-itiro to S[)cc'f..il
4. R c so I u t I () n N (). 5) 1210 , cici ()[)t cci bN I I I I — I,-
Imp-mcamit District No). 344 Boncis. Scrics —'1006:. the Scf-flc Thcrcof cf--mci Apprmlll(-)
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Ccrtc,--un Mcf--ittcrs �-�---Ith Rcs[)cct Thcrcto
R C So I U t I () 11 N (). 5) 1 —23). ' '--Ki ()[)tCCi by- th C ('.'I tV ('.'() U 11 C I I () I' th C ('.'I tV () 11 J U 11 C 11). 2100 6. R c IL -It I r to ) S pCc I L-i
Imp-mcment District No). 344 Boncis, Scrics —')0(')6:. Fixing.) the Form L-mci Dcu.-uls L-mci Pr(mciing.) ]'()I-
thC FXCCLlti()Il L-mci Delivery- There(fl-L-111Ci SCCUrity Thercl-Orc
6. P re I I I ii I I ic,--i ry () I I -I c IL-i I S tc,--i t c I ii c I i t. ck--i t c ci ML-i v 3 ) I . 210 0 6
I
7. F I m,--i I () 111 C I ' cl I StLI tC III C 11 t. Cic'-ACCi J U 11 C 13. 2) 00 6
S. COlItHIL11m..) DISCIOSUI-C t..ncicrt(,--ikIm.-). ci',---itcci L-Is ()]'JLIIIC 211). 21006
Specimen Bonci
I C.'ertificL-Itc L-Is to
I
I C.'el-tifiCL-Ite L-Is to SW-MILALII-CS 01'011 [CC[-S. Ck-ACCi L-IS OHMIC -19. 2006
N I I t I I (mi L-i ii(i A i-b I t I-' --I (�-) C C.'C I-t I I I C ' LAC. Ci ' LACCi L-1 S 0 f J U 11 C -29. 210 0 6
-t' fic'--It, .is to -ACITIC11t. Ci'ACCi LIS ()]-JLIIIC 29. -1006
1 C., I - I () I I C, ) 011 ICL-11 SU C C - . -
14. Receipt ,---mci Dclivcr�,--- Cei-tific',--ite. ci"L.-iteci L-IS ()]'JLIIIC -21). 2006
I C.'ei-tific',--ite (WRegmsti-L-ii-, ck--itcci L-IS ()]'JLIIIC -21). 2006
16. C.'ertific',--ite L-mci Receipt 0fPL1I-C11C'--1SCI-. Ck-ACCi L-IS ()]'JLIIIC -29. 2006
17. C.'ei-tific',--ite (70PSUIL-Ult. Ck-ACCi L-IS OHMIC -29. 2006
18. i-ci 11 11 c c N (). 7 5 1). L-i ci () p t C C1 b V t I I C C.' I t V C.'0 L I I I C I 1 0 f t I I C C.' I t V 0 11 ML-1 V 13 11) 6 S. t I I I t I I c S p C c I C,.--i
Impi-oveamit Disti-Ict Revolvim..) FLIIICi
( ) rci 1 m,--i ii c c N (). 94 8. Lici () pteci by- th C (7 1 tV (7 0 U 11C I I () f th c C.' I ty () ii Mc,-i rc h 17. 11) 8 0. to E. s tC,.ibl 1 sh Ll
StC,--m(k-u-ci Fee SChCCiL11C to be Clic,--in.-)cci by- the (71ty I`ow C'osts L-mci Fx[mises of Foi-im,--iti(m of L-i SpecL--il
Impi-oveamit Disti-Ict
0. J`o) I- T,--ix-Fxcmpt G () ve I- [I III C [I U.-I I 0b1I L.)L-itI011S. Foi-m 8 0 3 8 -
I ii I'() nm,--it Io ii RCU11-11 C C
(Rev. Novembei- 21000). Ck-ACCi JL1I1C -29. 2006
I BIL-mket ISSLICI- Lettei- ()fRcp-csciitC,--itI(ms offhe Dcposltor�,--- TI-LISt (7oll-i[xilly
11. 0pim(m ofBoixi (70MISCI, Cic'-ACCi L-IS OHMIC -29. 2006
-) n. I I -iicy. ck--itcci L-IS ()]'JLIIIC -29. 21
- �1 0piiii(m Attoi 006
24. ('10SIP L-) 11ISti-LICUNIS
Fim,--il Debt SCI-VICC SChCCiL11C
11. Supporting Documentation Relating to the Old School Station Project
26.
C.'ItV C'M111CII IIICCUII(�) 111111LItCS of(ktobci- '1005
27. '0. 5063. --icioptcci by- (m ()ctobci- 3. 2005. RA.-iti
RCSo1L1tI0I1 N C.'ItV C.'0 U 11C I mo to the S[)CCI,'_.-Il
I �n7
Impi-oveamit Disti-Ict No. ')44.-. DecIL-ii-mg.) it to be the 111tClItI011 0 f the C.'ItV C'M111CII to the
D 1 strict I`oW the P Lll-[)()SC 0 f U nciertLik I ii (-.) I [1 1, ()CC,11 I Ill pi-mcillents cmici Fim,--mcing.) the ('.'()sts there(W
-eto Tlil-OL1011 the ISSUL-111CC Of S[)CCIL-11 IIII[M-MCIT-tem Disti-ict Boixis SCCLII-CCi Ill P'11-t
C111ci 1iic'cici%--d Thei I I C
bN.-- the City's SpecIL-il Impi-oveamit Disti-Ict FLIIICi (the ""RCSOILIU011 0111ACIA1011")
t I - Lac of of Notice of R.-iss,--ioc of the ReSolUtI011 Of 111MA1011. ITIC1111cci 1-11-st CL-Iss
IC, I I I
()ctobci- 18. 200
A ]]-I cic,--i v 1 t 0 f P U b I I cc, --it I () ii N ot I c c () f PL-i s sc,--i (-.) c f th c R c s () I Ut 10 11 0 f I IAC 11 t 10 11, [) U b 11 sh eci ( )c to )be I- 18
0 0 )c tobe 1- 0 0 -mci N ovembei- L 00
C., It V C., 0 '1 ITICCUM.) III IIIL1tCS ()]'()CtobC[- 17. '100
�1 0. U PC I �n7
RCSolL1tI()II NO. 5068. L-idopted bN.-- the ('.'ItV ('.'()LI[ICII ()n October 17.. 2005.. (W Intention to Adopt.
Revise ()I- ReJect A Recommended Amendillent to the KL-111spell Grm-vth Policy. 2020
R C So I U t 10 11 N 0. 5 0 6 9. L-id ()ptcd by- th C ('.'I tV ('.'() U 11 C I I () n Oc tobc 1- 17. 2 0 0 5. 111 n g.) 10 1- L-1 P U b I I c I I c L-i r 111
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to Amend the AnnUL-il Appr()prI,,---itI()ns ()fthc ('.'Itv ()fK,,---dIspcll. Montc,--mc,--i. L-is Set I`owth HI the 2100�-'1006
Mldoct Adopted by- the ('.'Itv ('.'()LI[ICII
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RCSolL1tI()II NO. 5070. C.-idopted bN.-- the ('.'ItV ('.'()LI[ICII OP October 17. 2005. N' Intent to Fstc.-iblish Cm
111 d U S t I TL-i x I il C I-C III C [it D 1 s t I- I c t ,-..it 0 1 d Sc 11 ()() I St ,-..it I () [I Ll [I d CLI I I J`o) r P U b I I c I I I- I n g.) t .- n cie I- M n t L-i n L-i
('.'()cie Annou.-ited Title 7. ('.'hL-iptcr 15. PL-irt 42
3 4. RCSol Ut KMI N (). 5 0 7 1 . L-idopted bN.-- the ('.'Itv ('.'()LI PC I I NI ()CtobC[- 17. -2 005. () f I ment to Fstc'..Ibl 1 sh L-1
Tcchnol()()y TL-ix Increment District La Old SClI()()l Su.-ItIO11 C'Eld C.'L-111 I'()[- PUblic I IcLu-Ing t.lider
Montc,--mc,--i Cmic Annou.-ited Title 7. (7hLipter I P,--irt 4-2
A J]`idC,--iv it 0 f P Ubl Icc,--it Mn () f L-1 N Ot [CC 0 f PUbl Ic I I n (..) sClICdL1 led ]'()I- N member 7. 21006, to con s ider
pI-()p()sCd ()I-dIIIC,1IICC estLiblishing.) IlIdUSti-L-11 tLIX IIICI-CIIICIIt dIStI-ICt. [)Ublished October 215. 2005 -md
Xmember I . 2005
3 6. A ffiickw it Of PUbl Icc,--itl(m (WL-1 NOUCC Of PUbl Ic I sclICdL1lCd ]'()I- Nmember 7. 2006. to consider
[)[-()[)()Scci ()I-dIIIC,1IICC esuciblishim..) L-111 tCClI[I()l(w-)V u.-IX IIICI-CIIICIIt dIStI-ICt. [)Ublished October 215. 2005
'111d N member 1 00
3 7. A 11-ick.-iv it Of PUbl Icc'--itlmi (WL-1 N OUCC Of PUbl Ic I sClICdL1lCd ]'()I- N member 7. 21006. to consider
'1111cild 111clit to spel I I-m-VIII Pol ICV -20-20"'. [Niblished October 2 2 00 �--md '\'()vC[Ilbcl- I . 2 00
n � I C I C -' - 7. '1006. to cons'der
Affid'--ivlt ()fPUblIcC,--itI()n (W Ll NOUCC Of PUbl'c I sclICdL1lCd ]'()I Xmembei I
'1111cildment to the 2005-2006 fisc'--d bL1d(-)Ct." [)Ublished October -25. 2005 --md Nmember 1. 2005
('.'()LI[ICII ITICCU112.) 111111LItCS (flAmember 7. 2005
40. RCSolL1tI()II NO. '5073). ,--idopted bV the ('.'ItV COMICII NI '\()VC[TIbCi- 7. 2005.. Adopting) Recommended
A III c n d III c nt to th c KL-i 11 s pe I I G I-() �-v- th P () I I c N..- 2 0 2 0. to be K no �-v- n L-i s th c I I I g h y 1) 3 ) S Uth I-( ) �N--- t 11
Policy- Amendment
41. ResolUtIO11 NO. 5074. L-idopted by- the ('.'ItV ('.'()LI[ICII ()n Nmember 7. 2005. ReLcitim) to S[)Cci"--.Il
Imp-mement District No). 344:. Cre',--aing the District I'()[- the PUrp()sc (W t.lideru.-iking.) C.'eru--un L()cL-d
Impi-mcments cand the (,.,()Sts There(W L-ind hicidentL-il Thereto Thi-OLH-211 UIC ISSUL-111CC Of
S[)cci,,-..il Imp-mement District Bonds SCCUred by- the (.'Ity's S[)cci,,-..il Imp-memelit District RevolvIII0
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F U Ild
42. (.'ItV ('.'()LI[IC 11 IIICCUII(�-) III IIILItCS (flAmember 211. 2100'�)
th C ('.'[ tV U PC I 1 0 11 N 0 ve III be 1- 2 1 -2 0 0 5. A d ()ptin --i D c v c I () p III c n t
4 �1 RCSolL1tI()II NO. 5080. C'--1do[)tcd bN I
PIL-m ]'()I- L-1 TccliiioI()(..)N.-- TL-ix Increment District t.-ndcr Montc,--mc,--i ('.'()cie Annou.-ited Title 7. CIL-ipter 15.
PL-i rt 4-2 L-i nd ML-ik I n g.) ('.'c ru.-i I n 0 th c I- F I n d 1 n (..) s \-v- I th R c s pcc t Th c reto
44. Ordwc,--mcc No). 1 5 56. --ipprmCd bN-" the ('.'ItV ('.'()LI[ICII ()n Nmember 211. 2005. to Amend
S cc t I () n 2 7. 021. 0 10. 11 -1 C 17 () [I I [I mc'...1 p. C., I t V () f KL-i 11 s p c 117 () I I I I I g rd 11 IL-1 I I C C. rd I I ic,--i I I c c I I (). 14 6
I
b 7 ('.'c rtc,--i I I I rcc,--i I P I-() p c rt. N.-- D c s c I- I be d L-i s PC,..i rc c I A () f ('.'C I-t. I I I CL-1 t C () f S L I I- V C N-" 16 3) 3) 7 1 c L-i t c d 111
S cc t I n To w n sh 1 p 2) 8 No) rth. RC,.i n (�-) c 2) 1 W c st. P. M. M., F k--ith cc, --id ('.'() U 11 ty. M NI U-1 [IL-1 (I P I-C V I ( )LI S
i
7()IICd ('.'()LIlltV 1-1. LWAlt. IIIdL1StI-I('--1l) to ('.'ItV 1-1 (LWAlt. IIIdL1StI-IC'.--1l). III Accorck.-mcc �-v-lth the Kc'...111spell
Givvv-th Policy 21020. L-ind to Pr(wide F11'ective Dc'--Itc
7. , --i p p row ed bN..- th c tv ('.'()LI 11 C I I ()n N () v c m be 1- 2 1 2 00 F stc,--ib 11 sh 1 n g.) ' --.111 111 d U S t I-[,- I
4 Ordillclillce 1�)�) C .1 -.1
TC,..ix Increment District to Assist III Finc,--mcing.) IIIdL1StI-IC'1l 111111-L-ISti-LICUll-C to FIICoL1I-C'--W-)C the
Atti-L-ictl(mi. Grmx---th. L-ind Retentl(m N' Sccondc'--11-�,--' VL-IlLic-Adding.) IIIdL1StI-ICS to the ('.'Itv N' K,,..il[S[)Cll.
Prowl& ]'()I- Defiritl(m ()f Terms:. FstLiblishlilL.) the ('.'()sts Which Be P',---ild by the
IIICiL1StI-IC'--d TC,..ix Increment District to be C.'reLacd bN.-- This ',cmd Appi-ming.) the Old
S C 1100 1 St. ' -.-It I () 11 1 Ild U St. I- TC,..i x I nc re m c n t D 1 st. I- I c t f th c ('.'I tv () f K,,-..i 11 s pc 11. M n tc,--i nc,--i :. L-i n d F st. L-ib 11 sh 111
Z7
th c B () U Ild ' --.I I- I C S () f th C I Ci S C 1100 1 St. ' -.-It I () 11 111 Ci U St. I- I TL-i x I n c re m c n t D 1 s t I-[ c t F s tc,--ib 11 sh 1 n g) 11 U L-1 I--V
'1005 ..is the B,--isc T,..ix,..ible Yc'--11- ],()I- the Old scll()()l St,..Iti()Il IIIdL1StI-',--d T,..ix Increment District
. . t. C C C C - I I,- C
46. rd 111 C11 11 c c 15 5 8. L-1 p p I-() v ed by th c C., I tN.... C., OU 11 C I I ()n N () v c m be 1- 211 . 2100 5. E stc,-& 11 sh 1 n g) Te c h n I g) v
TC,..ix Increment District to Assist III '\CCCSSC'.I[-V III fi-C'--1StI-L1CtL1I-C to FIICoL1I-C'--W-)C the LOCLIti011
ClUld Retentimi ()f TccliiioI()(..)v Dcvcl()pmcnt. Pr()Jjccts III the Stc'..Itc ()f L-111d the (,.,Itv ()f
K,,-..i 11 s pc 11. M () n tc,--i P I-() v 1 d 1 n g.) I'() I- De I I n I t I () n () f Te I- m s .-. F s tc,--ib 11 sh 1 n g.) th c ('.'()sts Which Be P',---ud
bN-- the Technol(m.n.- TC,.ix Increment District to Be C.'reLited bN-- this OrcillIc'.111ce: ',--md Apprm[112)
Z:7�
the Old Scho()l Sucal(m TccliiioI()(..)v TC,..ix Increment District ()f the ('.'Itv ()f K,,-..ilis[)cll. L-111d
FstLiblishing.) the BoLIllCi,'-.-I[-ICS Of the Old SClI()()l Su-itl(ml TC,.ix Increment District:
I I 1 2005 ,..is the BL-isc T,--ix,--iblc Yc,..ii- ]'()I- the Old Scho()l St,--itimi TccliiioI()(.)v TC'--1x
Fstc,--ibl'sh'n. C C C
Increment District
47. R C So I U t I () 11 N (). 5) 092. Lld () [)tcd by th C ('.'I t V ('.'()LI 11 C I I () n F eb RUI ry- 2) 1 . 2) 0 0 6. A p p I n g.) the F I n L-i I P I L-it f
Old Scho()l Sucal(mi. Described '-.-IS Assessor . s Tr,,--ict 22 111 Sectl(m 33. Tmv-nship 28 N(wth. RL-m(�-)c 21
West, P.M.M., FIL-ithec'.-id MOIAL-111L.1
48. C., c 1-t 11-1 c ,-..itc () f M�--1 I I I [I rd I n c c I � 5 7. () rd 1 n c c 15 5 S. ,..i n d Re So I U t I NI N (). 5080. IIh--1IlCCi III -St. Clc'-.ISS
()n X member 21 S. 21006. to Stc,--itc () f Monu--mc,--i De [x.-irtment. () f RcVCII LIC. SoI11CI-s Scho()l District —21).. ',cmd
K,,-..ilis[)cll Scho()l District 5)
K-1\225-1 (BW.1)
281192v, I
4
DISTRIBUTION LIST
$495209000
City of Kalispell, Montana
Special Improvement District No. 344 Bonds
Series 2006
ISSUER
(-'harles I larball
James Patrick
Amy Robertson
Theresa White
(-'ity of Kalispell, Montana
3 12 1 st Ave. E.
PO Box 1997
Kalispell, MT 59903-1997
Tel: 406 7 5 8-7 7 09 (1 larba 11)
(406) 758-7703 (Patrick)
(406) 758-7755 (Robertson)
(406) 758-7756 (White)
Fax: (406) 758-7771
Fmail: charball(��ikalispellxom
jpatrick( kalispell.com
arobertson(��tkalispellxom
twhite(
,��tkalispellxom
PAYING AGENT
Sherrie L. Pantle, (-'(TS
Vice President
U.S. Bank National Association
(-'orporate TrLiSt Services PD-WA-T7(-'T
1420 F i fth A ven Lie,, 7th F loor
Seattle,, Washington 98 101
Tel: 206-344-4676
Fax: 206-344-4632
Fmail: sh erri e.pantle(�I) Lisbank.com
KA225-1 (BWJ)
270399 v.1
FINANCIAL ADVISOR
Aaron RLidio
PLiblic Finance Department
D.A. Davidson & (-'o.
8 Third Street North
The Davidson BUilding
Great Falls', MT 59401
Tel: (800) 332-5915
Fmail: arLidio(�t)dadcoxom
Bridget Fkstrom
D.A. Davidson & (-'o.
402 Fast Main
SUite 202
Bozeman', MT 59715
Tel: (406) 556-6965
Fax: (406) 586-2160
Fmail: bekstrom(�7t�dadco.com
BOND COUNSEL
Ber�jamin W. Johnson, Fsq.
Sofia Fstrellado (Paralegal)
Kennedy & Graven, (-'hartered
470 US Bank Plaza
200 SOLith Sixth Street
Minneapolis, MN 55402
Tel: 612-337-9259 (Johnson)
612-337-9204 (Fstrellado)
Fax: 612 337-93 10
Fmail: b'ohnson(��tkennedy-gravenxom
sestrellado(�t)kennedy-graven.com