ApprovalAgenda Onlyagenda-only · not confirmed spend
equally between the Series 2026C Bond and the Series 2026D Bond, until the entire amount of the Series
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Series 2026C Bond (the “Series 2026C Bond”) in the maximum principal amount of up to $185,000 (the
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
City Manager Nygren answered questions and provided information about procurement
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
2026A Bond, and the Administrative Expense Surcharge and the Loan Loss Reserve Surcharge as to the
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
The City and the Registrar may deem and treat the person in whose name this Series 2026B Bond
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
the Series 2026D Bond, until the entire amount of the Series 2026C Bond is advanced.
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interest or surcharges thereon and the Series 2026A Bond will be marked “CANCELLED” and returned by
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as Appendix A-l. The Series 2026B Bond shall be prepared in substantially the form attached as Appendix
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The ownership of the outstanding principal balance of the Series 2026B Bond and the interest
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
payment and the then remaining balance of the special assessment. The special assessments shall constitute
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
(the “Reserve Subaccount”) to secure the payment of this Series 2026B Bond. The City has agreed, to the
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
the Trustee shall note such disbursement on Schedule A to the Series 2026C Bond and the Series 2026D
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(i) that the City’s obligation to repay the principal of the Series 2026C Bond is not forgiven (the
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
the outstanding principal amount of the Series 2026D Bond and, if applicable, the Series 2026C Bond,
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1. Bid did not meet specifications for a) equipment size to ensure maneuverability and safe operation
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
date of redemption on the applicable Payment Date.
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given to them in the Resolution. This Series 2026A Bond is issuable only as a single, fully registered bond.
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
Community Sewer Improvements)), Subordinate Lien Taxable Series 2026A (the “Series 2026A Bond,”
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these provisions. The Borrower represents and covenants that the payment of principal of and interest on
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"INTERCAP Bond" means the Board of Investments of the State of Montana's Annual
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Subaccount and Interest Subaccount shall be used only for (i) payment of the principal of the Series 2026D
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amount of this Series 2026C Bond from the date of each advance of principal, each at the rate of twenty-five
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
INTERCAP Bond means the Bond issued by the Board pursuant to the Board Resolution
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2. The Series 2026A Bond is issued to finance costs of local sewer improvements (the
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
Community Water Improvements)), Subordinate Lien Taxable Series 2026C (the “Series 2026C Bond,” and
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done, do exist, have happened and have been performed as so required; and that this Series 2026C Bond
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Bond is issuable only as a single, fully registered bond. Simultaneously herewith, the City is issuing its
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as bond registrar (the “Registrar”), has duly noted the transfer on the Series 2026 Bonds and recorded the
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which the City has not already received payment, including costs of preparation of plans, specifications,
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
delivery of any Series 2026 Bond, such signature or facsimile shall nevertheless be valid and sufficient for
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proceeds of the Series 2026A Bond (i.e., $__________). The City hereby acknowledges and agrees that
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Registrar by lot or other manner it deems fair. Upon partial redemption of a Series 2026B Bond, a new
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First Advance, the total amount of each advance will be split equally between the Series 2026C Bond and
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5. Award Bid for Tandem Axle Truck Chassis with Dump Box and Plow
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are evidenced by the Series 2026C Bond bear interest at the rate of zero percent (0.00%) per annum from
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evidenced by the Series 2026C Bond at the rate of two percent (2.00%) per annum and the City shall pay
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its (i) Special Improvement District Bond (Special Improvement District No. 347 (Morning Star
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Noncompliance Certification, the obligation of the City to repay the principal of the Series 2026A Bond
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hereto under “Total Loan Payment.” The portion of each such payment consisting of principal, of interest,
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2026A Bond, with said Schedule B attached to each thereto, have been duly issued pursuant to the
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This Series 2026B Bond is payable from the collection of an assessment levied upon all assessable
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2026C Bond, which reflects the amortization of all advances made or to be made on the date hereof of
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to qualify as “reasonably required” debt service Reserve Subaccount for the Series 2026D Bond.
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by the DNRC under this Resolution that are evidenced by the Series 2026A Bond shall bear interest at the
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(g) Completion of the Total Project; Payment of Total Project Costs. The Borrower shall
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requirements of the advertised bid specifications.
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2026C Bond 2026D Bond MCEP from WiiN CDBG Morning
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Any payment of principal and interest as to the Series 2026D Bond and, if applicable, the Series
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(including the forgiveness of the Series 2026A Bond), the City and this City Council, its officers and
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Series 2026D Bonds at their addresses appearing in the Bond register, of the numbers of the Series 2026D
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Series 2026B Bond if amounts in the Debt Service Fund are insufficient for such purpose on a payment
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Water Improvements)), Tax-Exempt Series 2026D (the “Series 2026D Bond,” and together with the Series
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attached hereto as Exhibit B) that the City’s obligation to repay the principal of the Series 2026C Bond is
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"Maximum Rate" means the maximum rate of interest on the INTERCAP Bond which shall
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This resolution approves the annual work plan and budget for the BID for fiscal year
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2026A Bond, which reflects the amortization of all advances made or to be made on the date hereof of
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Series 2026B Bond is a special, limited obligation of the City and is not a general obligation of the City.
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Date of Transfer Registered Holder Bond Registrar
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F. The City Manager may grant a City special event and alcohol permit, if, considering the type
City of KalispellCityMTSep 21, 2026 ApprovalAgenda Onlyagenda-only · not confirmed spend
on the 2026A Loan shall be due on each Payment Date as follows:
City of KalispellCityMTSep 21, 2026