Resolution 4534 - Budget Amendment - Stream and United Way Loans2050
RESOLUTION NO. 4534
A RESOLUTION AMENDING THE ANNUAL APPROPRIATIONS OF THE CITY OF
KALISPELL, MONTANA, AS SET FORTH IN THE 1999-2000 BUDGET ADOPTED BY
THE CITY COUNCIL FOR THE PURPOSE OF APPROPRIATING LOANS FOR STREAM
INTERNATIONAL SERVICES CORP., AND UNITED WAY OF FLATHEAD COUNTY.
WHEREAS, in the budget adopted by the City of Kalispell for the 2000
fiscal year, certain detailed and itemized estimates of
expenditures for the use of proceeds connected with the
UDAG Loan Repayment for the 2000 fiscal year have proven
inaccurate because of a commitment to assist both Stream
International, Inc. and the United Way of Flathead County.
WHEREAS, the overall expenditures of the said UDAG Loan Repayment
are currently not in excess of the total of such estimates
of expenditures adopted in the City's budget for the 2000
fiscal year, however, it does appear that the total of the
budgeted appropriations in said classification will exceed
such estimate for the balance of the 2000 fiscal year, and
WHEREAS, program income within the UDAG Loan Repayment Fund
classification will have cash not appropriated and said
excess may be utilized, to that, the respective budget
appropriations are not exceeded by expenditures, and
WHEREAS, said program income is revenue accruing to the City not
appropriated pursuant to Section 7-6-4271, and constitutes
an overall increase in appropriation authority, and
WHEREAS, the appropriate fund would be the UDAG Fund, Community
Development Activity Account Number, 2886-480-470210-790,
which is the appropriate expenditure line item.
WHEREAS, On February 7, 2000 at 7:00 o'clock P.M., in the Council
Chambers, City Hall, Kalispell, a public hearing was held
on appropriating funds from the UDAG Loan Repayment Fund
in the amount of $1,000,000 for the purpose of loaning
money to Stream International Services Corp. in order to
locate a Customer Service Center in the Gateway West Mall,
and $133, 500 for the purpose of loaning money to the United
Way of Flathead County to relocate their offices.
SECTION I. That the annual appropriation for the UDAG Fund,
Community Development Activity Account is
hereby amended by allocating an additional
$1,000,000 from the UDAG Loan Replacement for
the purpose of loaning money to Stream
International Services Corp. for capital
improvements associated with locating a "service
center" in the Gateway West Mall and further
allocating an additional $133,500 for the
purpose of loaning money to the United Way of
Flathead County to relocate office space.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF
THE CITY OF KALISPELL, MONTANA, THIS 7TH DAY OF FEBRUARY, 2000.
ATTEST:
wml.baharski .
Wm. E. Boharski
Mayor
Theresa White
City Clerk