Resolution 3215 - Interest - Sidewalk & Curb WarrantsRESOLUTION NO. 3215
A RESOLUTION TO ESTABLISH THE MAXIMUM RATE OF INTEREST TO BE PAID
ON SPECIAL SIDEWALX AND CURB WARRANTS OF THE CITY.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL,
MONTANA, AS FOLLOWS:
SECTION 1. The rate of interest to be paid on special sidewalk
and curb warrants issued by the City pursuant to ordinance 846
(Section 24-28, Kalisr)ell City Code) shall be no greater than
5% per annum from the date of issuance of said warrant.
In issuing said warrants the City Treasurer shall,
through contacts with authorized city depositories, obtain
the best interest rate therefor within such limitation and
issue same accordingly.
SECTION 2. Any other maximum rate of interest payable on said
sidewalk and curb warrants heretofore established by the City of
KalisDell is hereby repealed.
PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, MONTANA, AND
APPROVED BY THE MAYOR THIS 5th DAY OF FEBRUARY, 1979.
i" 11 Ai-1,4-
Norma E. Happ, Mayor' f
Marjor 'fe, Giermann, City Clerk
1�
1, the undersigned, City Clerk of the City of Kalispell certify that the foregoing is a tru
copy of the Resolution duly passed by the gity Council of the City of Kalispell, Montana at
vogular meeting held the �Y Of 19-ZT
City Cprk of the City of Kalispell, Montana