Council to consider state loan

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The Kalispell City Council tonight will vote on borrowing up to $375,000 to buy equipment for the parks and recreation and public works departments.

Purchases could include a mower, a used truck and a stump grinder for the parks department, and a bucket truck and two used tandem axle dump trucks for the streets department.

The expenditures were included in the 2012-13 budget and were anticipated to be funded through borrowing because of record low interest rates.

The five-year loan from the Montana Board of Investments has a 1.25 percent interest rate to start. That rate can change as market conditions change, but the loan can be paid off at any time.

Interest obligations start only when the city draws upon the loan and only to the extent that draws are made.

Kalispell already has purchased equipment worth $65,000 for the parks department and intends to draw on the loan for that amount so payments can be spread over five years to help the department with its cash flows.

Council will be asked tonight to award bids for the $174,296 purchase of two used 2006 International 7400 dump trucks that also would be paid for with the loan. The two trucks would be purchased from L&M Truck Sales.

IN OTHER business tonight, the city council will:

• Hold the second and final reading of an ordinance to make governmental facilities such as public schools, jails, fairgrounds and police and fire stations permitted land uses in all city zones. The first reading passed 6-1 with council member Bob Hafferman opposed.

• Consider postponing the purchase of a vehicle to transport the city’s hazardous materials personnel and equipment for additional review of two responsive bids.

Tonight’s meeting — delayed a day by Monday’s Martin Luther King Jr. holiday — starts at 7 p.m. in Kalispell City Hall, 201 First Ave. E. It is open to the public.

Reporter Tom Lotshaw may be reached at 758-4483 or by email at tlotshaw@dailyinterlake.com.

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