Resolution 3007 - SID 316RESOLUTION
NO. �007
WHEREAS, the City Council of the City of Kalispell,
Montana, did, on the 5th day of November, 1973, pass a
Resolution, creating Special Improvement District No. 31.6
for the purpose of installing sanitary sewers in said City;
and,
WHEREAS, the said Council did, on the 4th day of June,
1956, create a Special Improvement District Revolving Fund
under the provisions of Section 11-2269 of the Revised Codes
of Montana, 1947, and,
WHEREAS, on the 20th day of January, 1975, D. A. Davidson,
Inc., agreed to purchase the bonds to be issued by said
District, upon condition that the Council enter into the
undertakings and agreements hereinafter set forth; and,
WHEREAS, it is necessary and appropriate that the
following undertakings and agreements be made by said Coun-
cil with respect to said revolving fund and special improve-
ment district.,
NOW THEREFORE, BE IT RESOLVED by the City Council of
the City of Kalispell, Montana, that in connection with the
issuance of Special Improvement District Bonds to be issued
to defray the cost of the improvements in the Special
Improvement District hereinbefore specifically referred to,
the Council hereby undertakes and agrees to issue orders
annually authorizing loans or advances from the revolving
fund to the district fund of said district in amounts
sufficient to make good any deficiency in the principal and
interest accounts thereof to the extent that funds are
available, and hereby further undertakes and agrees to
provide funds for such revolving fund pursuant to the
provisions of Section 11-2270, R.C.M., 1947, by annually
making such tax levy (or, in lieu thereof, such loan from
the general fund) as the Council shall determine to be
required to provide the funds sufficient for the purposes
herein expressed, subject to the maximum limitations imposed
by said Section-111-2270. The undertakings and agreements
provided fqT�-herqin are made pursuant to the provisions of
Section , I f- 2 2 7 10) , R � C. M. , 9_�ff.
Pa,p,.�ea and ad
#pted this/1Z_ da
AT'
C-ITT,
1, th�� undersigned, City Clerk of the C
going 14r a true mid correct copy of th
the �ity of Kalispell, Montana, at A 71
t Kalispell,,/,ba 0 Ce
lution du y
meeting VIZE112
Cit'v CAbrk� f3f the_)Kt,� of
1975
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