Resolution 2689 - Bond Sale - Swimming Pool2U5 �
RESOLUTION NO. 2689
RESOLUTION PROVIDED POR THE ISSULNUP ANDSI-LE OF larul-NTIC12AL
BO�NDS TOTALING �'14��,000.00 FOR THE lu"NOVATZON AND MODERN12aTICE
OP THE IVOODDAND -PARX SiZ"X:4INCT POOL-
I;FHEREAS, the Council Of the city Of XaIiSPelll a Ml"nlo'Pal
eo:�poratjon oil Noat-ana, d�,-d deem it necessary to 4Lssue and 20-11
municipal bonds in the amount of 043,000.00 for t1ae P'�TpOse
0� romodelj�2Z and modernizing the Noodland Parl: Swimrd-ng' 2001
tOf the said city at a resul"ar meeting of said city council or,
the 5th day of Septembor, 1967; and
WHERBUS, -- proper petition bea:rIng signatures of more 'd-lan
20%, of the clu--I-.qfiQd elOctO:i�s Of Said OitY 1�`hO are taxPaYOrs
on prope�cty within said city and 1�faose names appear O�'a the laot
' X
coni-olotod assessment roll for state ai�d county taxes as La
payers within said city requestin&� such action was, on 1Lay 13,
1968, filed with the city cla�22C who duly examined and propozly
certtfieci such petition and presented it to said council 'ulthln
15 days and
IiIHERHAS, ozid coi,=jl examined the petition and found, it
in the proper bearing the requisit number of signatures
of qualified petitioners and in all other a2peots sufficient;
and
'UHEREAS, 2osolution number 2683 was adopted by said council
at regular meeting therof on Mlay 13, 1968, providing for the
o ng and sellinC bonds in the
, ubmisslon of the question of Issui.
amount of 043,000.00 for said purpose to the qualified olec'�a-s
OIL said city as provided for in tfie laws of the 2tate of -Xontana
a I a spec' L al election to be held on June 4, 1968, said bonds
to be redeemed on or within one year fr:om date of issue; and
"H:
�,v-','MEIS, notice of said special election and registration
therefore, -was properly giveza; and
ITH'Eaus, the cleric of Flathead Oounty has certified to said
council that a total of 2,978 electors of the City of Kalispell
i,To��e qualified t-o vote on said question under the provisions of
the statues of Viontana; and z
I'MEREAS, said election was properly held on June 4, 1968,
at ��fhich election a total of 2,155 qualified electors O��Lst
17allots, of -Which number 1,255 were in favor of the proposition,
874 were against such proposition and 26 ballots were unvoted
for proper reasons; and
nERms, more than 40% of the qualified electors entitled
to vote in said special election did veto on said proposition
and, of those vQting,,' 4 malo=lty'.voted in f a-V*or thoroof, sa- d
'4
proposition is deemed to have been adopted and apDzovad; and
WHEREAS, the returns of said election have been canvassed
by -Uae said coanoll on, June 10, 19687 which Is within tan days
after the date of said election, and at which time it was found
that more thaz 40% of the qualified electors voted thereon with
a majority In favor:., of said propositioii;
I "TOW THE-REFORE, BE IT RESOLVED:
1. That sa'jd bonds in the amount of $43,000.00 be Issued and
sold for the puxpose of renovating and modernizjjj� IL110 Woodland,
- 1 -
�j I, � !3VIj�,-4 n-
2. That said. bo_n,_`�,�, shall be issued and dated on Aug'Ust 1,
ag in -C11(,' rate of, no more *I- an anup
boz_r� tercst a", th 6% per a. a
i� issue
'be aad pL,Yabola one year from the date of
3� Said boj-�.ds ohp-11 be issued in denomiations of 81.000.00
and shall 'be se��ial bonds;
Saft,_4 bonds s1nall be executed on behalf of the Woodland
Par'- Swimn.l.r.- Pool pro�ect by the signatlure of tlle mmayoz Of
oit'y of Kalispell, attested by -L-ie city olorlc of 't-he city
of Kalispell, and lt'j_xation thereon o�� the official seal of the
by of Xalisj)oll, said bonds shall be then registered by the
cit'y, treasurer. Thareaftei� the city treasurer shall deliver thera
'to the �i�urohacer upon payme.at to the oity txe-asurer of
o1h"L,�se P�,:jao tae�?etof,,ora agreed upon;
5. Tho cl_,,,�y zreserves the right- to redeem ay�y and all 0.1.
szdLd bonds losuea whe�a there are fu-J Ls in said �"Ooz'land Park
S�,
Pool P"-, eot fund against Va ch said. bonds are izaued,
the:�afora;
Notice of sale of the foregoing Woodland Pazk swimming
Poo-1 -pro-locit, bonds in the amount of 643,000.00 shall be in sub-
s aaa i a, ty -the form as it is attached hereto as exhibit "A" wlUoh,
by reference, is made a part hereof;
7. Said notice shall be properly published according to
Montana and the city
law�,
, and statues of the state of
shaij, aticast. fifteen days prior to the data fixed for
2 ale thereof, submit a copy of such published notice to the
socreta,-:y of the State Board of Laud Commalsioners and shall
thor,�,with fui�nftsh to said secretary a transoript of the pro-
oeed,ings had for the issuants of said bonds,and such information
relating thazeto as the secretary may deem necessary-,
8. A mooting of the mayor and council is hereby fixed
and ordered to be hold at the time ana place fixed -for the sale
of bonds as described in the notice thoraforo�at which time
i n ol)en public meeting at its -regular meeting place in the
city council chtzabers, Kalispell, Montana, bids will be received
fo�c bonds and at that time of sale thereof will be mado.
PiISSED AND LPPROVED BY THE OITY OOUNCIL OF THE OITY OF MIS2ELL
1,101\!TA-Iffik, A10 APPROVED BY THE '11,UYOR ON THIS TENTH D2,Y OF JUNE,
M
Exhibit "A"
NOTICE OF SALE OF
CITY OF ZULISPELL, 414ONTLE-1
mUNICIPAL BONDS
NOTICE IS HEREBY GIVEN by the council of the city of Kalispell,
�10r,tana, that said oounoil will on tl,.e 18th daY Of JulY, 1968, at
the hour of seven tairtY P. M. at its council chambers in the
of Kalispell, Montana, sell to the highest, and best bidder
for cash serial Vonds of said city in the total amount of
$43,000.00 for the Purpose of renovating and modernizing Wood-
land Park Swimming 2001 1',' said OJ-tY-
Said bonds �,111 be issued and sold in the amount of �6'1,000.00
each. Said bonds will boar the data of August 1, 1963 and
will all become due and payable on August 1, 1969. Said bonds
will bear interest rate not exceeding 6% per anaum payable on
thp, anniversary of the date of Issue or upon the date of
redemption. Any and/or all of said bonds can be redeemed at
the option of said city when there are sufficient funds avail-
able hazefore in the Woodland Park Swimming Pool fund against
which said bonds are Issued.
Said bonds will be sold for not less then their �Dar value
with agreed Interest to data of delivery and all bidders must
state the lowast rate of interest at which they will purchase
the bonds at Dar. Said council reserves the right to reject
any and all bids and to sell the bonds at private sale.
All bids other than by or on behlaf of the State Board of
Land Co=issioners of the State of Montana must be accompained
by a certified check In the amount of 5% of the bid,, payable
to the order of the city clerk, which will be forfeited by
the successful bidder in the event he shall fail or refuse to
complete the pz�rchase of said bonds in accordance with the
terms of his bid.
J4.11 bids shall be addressed to the council of the city of
Kalispell, Xontaria and delivered to the clerk of the said city.
I, the undersigned, City Clerk of the City of Kalispall, hereby certify
that the foregoinp iS a Lr%;e and COrrOCt copy of tj�,* resolution duly
passed by t�he City Council of th al�� of yalispq�U-j- ntaua, at a
regular meeting Oil June I . /1", -7
City dlarl�lof the C1t* of Kalispcll, Montana