HomeMy WebLinkAboutResolution 3842 Public Hearing for Comment on TechRanch
COMMISSION RESOLUTION NO. 3842
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN,
MONTANA, ESTABLISHING A PUBLIC HEARING TO HEAR PUBLIC COMMENT ON
THE APPLICATION OF VENTURE CENTER, INC., (DBA TechRanch) FOR TAX
REDUCTION UNDER SECTION 15-24-1801, ET SEQ, MONTANA CODE
ANNOTATED.
WHEREAS, at its meeting held on the 5th day of July 2005, the City Commission acknowledged
receipt of an application from Venture Center, Inc., dba TechRanch,., Bozeman, Montana, for tax reduction
based upon the exemption for business incubators in Section 15-24-1801. et seq, M.C.A.; and
WHEREAS, Section 15-24-1801, et seq. M.C.A., authorizes local government to grant tax
exemption to a local economic development organization that is exempt from taxation under Section
501 (c)(3) or 501 (c)(6) of the Internal Revenue Code; is engaged in economic development and business
assistance in the area; and owns or leases and operates or will operate the business incubator; and
WHEREAS, Venture Center, Inc., Bozeman, Montana, sets forth in its application certain
information regarding the basis upon which it seeks exemption from taxation; and
WHEREAS, Section 15-24-1802(2), M.C.A., requires the governing body to give notice of a public
hearing to hear comment, as set forth in Section 76-15-103, M.C.A.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana,
that the City Clerk be directed to give notice to the public pursuant to the legal requirements of Section
15-24-1802 and Section 76-15-103, M.C.A., of a public hearing to be held upon said application on the 3rd
day of October 2005.
PASSED AND ADOPTED by the City Commission of the City of Bozeman, Montana, at a regular
session thereof held on the 6th day of September 2005.
ATTEST:
~ / .L#~
ROBIN L. SULLIVAN
City Clerk
Tech Ranch
BOZEMAN.
MONTANA
May 20, 2005
Anna Rosenberry
City Finance Director
City Finance Office
PO Box 1230
Bozeman, MT 59771
Dear Ms. Rosenberry:
Technology Venture Center, Inc. (dba TechRanch) is requesting a property tax exemption unde{
Exemption for Business Incubators (MCA 15-24-1801 thru l5-24-1802). TechRanch is a non-
profit organization located in Bozeman, Montana. Attached is a copy of the IRS tax exempt
status letter for TechRanch.
TechRanch is a business incubator. TechRanch's primary purpose is to stimulate the economy in
Montana through assisting start-up technology businesses, which will create high paying jobs
and promote the social welfare of the community by encouraging educated people to stay in the
state. TechRanch has two primary programs: an education program and a business incubator
program. I am requesting a property tax exemption for TechRanch's property, as all ofthe
property is used for these programs.
Basis for Exemption under MeA 15-24-1801 thru 15-24-1802:
TechRanch provides a facility including office space, shared spaces (conference rooms), shared
services (receptionist, copying, etc.) and business assistance (marketing plans, business plans,
service provider databases, connections to expert advisors) to entrepreneurs and new businesses
in order to improve their chances of success.
TechRanch is a local economic development organization providing services for entrepreneurs.
TechRanch is a non-profit organization and is exempt from Federal income tax under section
50l(a) of the Internal Revenue Code. TechRanch's primary purpose is to develop the economy
of its area and to provide assistance to businesses in that area.
Please contact me at 406-556-0272 or mlon~@techranch.onz if further information is needed.
~~
Meg Long
Business Manager
Enclosure (1)
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Commission of the City of Bozeman, Montana, on the
3rd day of October 2005 at the hour of 7:00 p.m., in the Community Room of the Gallatin County
Courthouse, 311 West Main Street, Bozeman, Montana, will hear public comment on the application of
Venture Center, Inc. (dba TechRanch), for tax exemption for business incubator pursuant to Section
15-24-1802, Montana Code Annotated, for a local economic development organization that is exempt from
taxation under Section 501(c)(3) or 501(c)(6) of the Internal Revenue Code; is engaged in economic
development and business assistance in the area; and owns or leases and operates or will operate the
business incubator.
For additional information, please contact Robin Sullivan, City Clerk, at 411 East Main Street,
Bozeman, Montana, or telephone 582-2320 (TDD 582-2301) during regular business hours.
ROBIN L. SULLIVAN
City Clerk
Legal Ad
Publish: Sunday, September 11, 2005
Sunday, September 25, 2005
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