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Home My WebLink AboutResolution 4664-B Creating SID 732, North Wallace Improvements BOZE MAN MT City Clerk September 5, 2018 The City Clerk's office has noted that due to a ministerial error, there have been two resolutions numbered 4664. Since the resolutions are related, the second resolution will not be renumbered, but a revision of (-B) will be added to the number as follows: Resolution 4664. Resolution of Intent to Create Special Improvement District 732 for the Purpose of Undertaking Certain Local Improvements to North Wallace Avenue between Lamme Street and L Street and Financing the Costs Thereof Resolution 4664-B: Creating Special Improvement District 732 for the Purpose of Undertaking Certain Local Improvements to North Wallace Avenue between Lamme Street and L Street and Financing the Costs Thereof The Bozeman Municipal Code, Section 2.03.310, determines that the City Clerk is the legal custodian of all resolutions of the City of Bozeman. The City Clerk determines that the two resolutions will not be fully renumbered, and that each resolution is a separate and legal resolution despite the same number, with the (-B) added to the latter resolution. Resolution 4664-B was passed and adopted by a 5-0 vote at a City Commission meeting on March 7, 2016. The resolution will continue to have a March 7, 2016 resolved date, but the final document (content identical to 2016 adopted document) with the updated number 4664-B will be signed at a later date by the acting mayor at the time of the meeting, Carson Taylor. Z ' p , Robin Crough 4 S, •• � ••.9 City Clerk City of Bozeman, Montana U I1Y �0.�ti _ P.O. Box 1230 TDD: 406-582-2301 THE MOST LIVABLE PLACE. co.�+► COMMISSION RESOLUTION NO. 4664-B A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, RELATING TO SPECIAL IMPROVEMENT DISTRICT NO. 732; CREATING THE DISTRICT FOR THE PURPOSE OF UNDERTAKING CERTAIN LOCAL IMPROVEMENTS IN AND ABOUT NORTH WALLACE AVENUE BETWEEN LAMME STREET AND L STREET, FINANCING THE COSTS THEREOF AND INCIDENTAL THERETO THROUGH A LOAN TO THE DISTRICT FROM THE CITY'S SPECIAL IMPROVEMENT REVOLVING FUND. WHEREAS, on the 7th day of March, 2016, the City Commission (the "Commission") of the City of Bozeman, Montana (the "City") adopted Commission Resolution No. 4664 (the "Resolution of Intention"), stating its intent to create Special Improvement District No. 732 (the "District") to finance the costs of various improvements within the District as described therein (the "Improvements"); and WHEREAS, as set forth in the Resolution of Intention, the Commission committed other revenue sources from street reconstruction fees to the costs of the project; and WHEREAS, on February 14th and 21 st, 2016, the City Clerk did publish a Notice of Passage of the Resolution of Intent to Create SID No. 732 in accordance with Sect. 7-12-4106, MCA, and mailed said notice to each person, firm, or corporation or the agent of the person, firm or corporation having real property within the proposed District;and WHEREAS, the Bozeman City Commission conducted a public hearing on protests submitted to the creation of the District on March 7, 2016 and did pass on all such protests having found the written protests not sufficient to bar the Commission from proceeding with Page 1 of 6 Resolution 4664-B, Creating SID 732 for North Wallace Improvements creation of the District. NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana, as follows: Section 1 Passage of Resolution of Intention. This Commission, on February 8, 2016, adopted the Resolution of Intention, pursuant to which this Commission declared its intention to create the District, under Montana Code Annotated, Title 7, Chapter 12, Parts 41 and 42, as amended, for the purpose of financing costs of certain local improvements within the District described generally therein (the "Improvements"), and paying costs incidental thereto, including costs associated with the creation and administration of the District, and the funding of a Loan from the City's Special Improvement District Revolving Fund (the"Loan"). Section 2 Notice of Passage of the Resolution of Intent and Public Hearing on Protests. Notice of passage of the Resolution of Intention was duly published and mailed in all respects in accordance with law, and on February 14 and February 21, 2016, this Commission conducted a public hearing on written protests submitted by property owners against the creation of the District and the making of the Improvements. The public hearing occurred on the date of the first regular meeting of the Commission following the expiration of the period ended 15 days after the first date of publication of the notice of passage of the Resolution of Intention(the "Protest Period"). Section 3 Protests. Within the Protest Period, protests were filed with the City Clerk by the property owners of one parcel, representing 0.68% percent of the total costs of the Improvements to be assessed against properties in the District,as proposed. Page 2 of 6 Resolution 4664-B, Creating SID 732 for North Wallace Improvements Section 4 Creation of the District; Insufficiency of Protests. The Commission determines the District is hereby created on the terms and conditions set forth herein and otherwise in accordance with the Resolution of Intention, as modified hereby. The protests against the creation of the District or the making of the Improvements filed during the Protest Period are hereby found to be insufficient. The findings and determinations made in the Resolution of Intention, including, without limitation, those relating to benefits conferred, costs associated with the borrowing of funds from the City's special improvement district revolving fund, and for the creation and administration of the District,are hereby ratified and confirmed. Section 5 Reimbursement Expenditures. 5.1. Declaration of Intent. The City reasonably expects to reimburse the expenditures made for costs of the Improvements out of the proceeds of the Loan from the City's special improvement district revolving loan fund in an estimated maximum aggregate principal amount of$322,150.00 after the date of payment of all or a portion of the costs of the Improvements. All reimbursed expenditures shall be capital expenditures, a cost of issuance of the Loan, or other expenditures eligible for reimbursement. The Commission intends to assess the District to reimburse the special improvement district revolving loan fund in an amount equal to the principal of the Loan of $322,150.00 to the District plus interest at approximately 1.5% annually. Over the 20- year term of the Loan from the revolving fund to the District, interest earnings of up to $51,933 are estimated to be paid from the District property owners and deposited to the special improvement district revolving fund. In addition to reimbursing the revolving fund on interest the revolving fund would otherwise earn, these interest earnings are intended to satisfy any revolving fund contribution from the district that may be required under 7-12-4222(1)(b), MCA. 5.2. Budgetary Matters. As of the date hereof, there are no City funds reserved, Page 3 of 6 Resolution 4664-B, Creating SID 732 for North Wallace Improvements allocated on a long-term basis or otherwise set aside (or reasonably expected to be reserved, allocated on a long-term basis or otherwise set aside) to provide permanent financing for the expenditures related to the Improvements, other than pursuant to the Loan from the City's special improvement district revolving loan fund. The statement of intent contained in this resolution, therefore, is determined to be consistent with the City's budgetary and financial circumstances as they exist or are reasonably foreseeable on the date hereof. 5.3. Reimbursement Allocations. The City's financial officer shall be responsible for making the "reimbursement allocations" described in the Resolution of Intention being generally the transfer of the appropriate amount of proceeds of the Loan to reimburse the source of temporary financing used by the City to make prior payment of the costs of the Improvements. Each allocation shall be evidenced by an entry on the official books and records of the City maintained for the Loan or the Improvements and shall specifically identify the actual original expenditure being reimbursed. Page 4 of 6 Resolution 4664-B, Creating SID 732 for North Wallace Improvements PASSED, ADOPTED, AND APPROVED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 7th day of March, 2016. CARSON TAYLOR Mayor ATTEST: O� B 02' ROBIN CROUGH City Clerk " -" == •z 9�'• 1883 .�� 9TIN coos' APP VED TO FORM: G SULLIVAN City Attorney Page 5 of 6 Resolution 4664-B, Creating SID 732 for North Wallace Improvements EXHIBIT C North Wallace avenue SID District-Lot Frontage Assessment ADDRE$I OWNER OWNER 2 OWNER OWNER 4 OWNER ADDRESS CTTYSTATEZIP PARCEL NUMBER A__SSA--_ARIA Lot FrorMKa LINEAR FT pisassmant 521 E TAMARACK KENYON NOBLE LUMBER COMPANY CAME)HOLDINGS LLC PO BOX 1109 BOZEMAN MT 59771-1109 RGH2709B 202 $ 12,629.07 902 N WALLACE AVE TIMOTHY RATHBUN 902 N WALLACE AVE BOZEMAN MT 59715-3069 RGH27830 30D $ 18,756.04 905 N WALLACE AVE KENYON NOBLE LUMBER COMPANY PO BOX 1109 BOZEMAN MT 59771-1109 RGH5911 142 $ 8,877.86 808N WALLACE AVE SCALA PROPERTIES LLC 200 SPRING ST TRUSSVILLE AL 35173-3954 RGH2337 244.63 $ 15,294.30 801N WALLACE AVE SCALA PROPERTIES LLC ZED SPRING Sr TRUSSVILLE AL 35173.3854 RGH3296 85.47 $ 5,343.60 719 N WALLACE AVE OASIS PROPERTIES LLC,LEHRKIND MANSION BED&BREAKFAST 719 N WALLACE AVE BOZEMAN MT 59715-3063 RGH1403 172.19 $ 10,765.34 707N WALLACE AVE DWIGHTRWIESE JEANNE WESLEY WIESE 707N WALLACE AVE BOZEMAN MT 59715//63 RG114674 11 $ 4,433.93 701N WALLACE AVE VALERIE HEDGLIN TRACEY DOWNING MARLYN MADISON DIANA PETERSEN 220 SACAJAWEA PEAK DR BOZEMAN MT 59718-9392 RGH5033 71 $ 4,438.93 724N WALLACE AVE MIKE KVASNICK 720N MONTANA AVE BOZEMAN MT 59715-2921 RGH2337 92 $ 5751.85 820 N WALLACE AVE WALLACE NORTH LLC B10 N WALLACE AVE 40 BOZEMAN MT 59715-3020 RGH28109 142 $ 8,877.86 802 N WALLACE AVE WALLACE NORTH LLC 810 N WALLACE AVE n0 BOZEMAN MT 59715-3020 AGH4060 142 $ 8,877.86 601 COTTONWOOD ST SAMUEL THOMPSON III SAMUELTHOMPSON IV BEAMTHOMPSON NATHANIELTHOMPSON 700 N WALLACE AVE APT C BOZEMAN MT 59715-3014 RGH39583 208.11 $ 13,011.07 530 E COTTONWOOD ST STEVE HERR JEAN HERR 530 E COTTONWOOD ST BOZEMAN MT 59715-3060 RGH56396 120 7,502.42 611N WALLACE AVE SUSAN TURNER GEORGE HRITSCO LAWRENCE HRTTSCO 2715 HARRIS ST BOZEMAN MT 59718-6045 RGH24224 75 $ 4,689.01 605N WALLACE AVE CHADWICK GROTH FLORENCE GROTH 701S WILLSON AVE BOZEMAN MT 59715-5240 RGH24225 305.21 $ 6,577.74 624 N WALLACE AVE WACKAMOLEY LLC 624 N WALLACE AVE BOZEMAN MT 59715-3042 RGH2575 67 $ 4,188.85 618 N WALLACE AVE POMEGRANATE LLC 3919 RAIN ROPER DR BOZEMAN MT 59715-0632 RGH21449 75 $ 4,689.01 600 N WALLACE AVE 600 NORTH WALLACE AVENUE LLC C/O BUNTING MANAGEMENT 217 INTERNATIONAL CIRCLE HUNT VALLEY MD 21030 RGH1460 142.05 $ 8,B80.99 511 N WALLACE AVE MARTIN LAND LLC 511 N WALLACE AVE BOZEMAN MT 59715-3757 RGH5648 209A6 $ 13,095.47 503 N WALLACE AVE MARTIN LAND LLC 511 N WALLACE AVE BOZEMAN MT 597153757 RGH5648 66 $ 4126.33 425 N WALLACE AVE JUDITH KING 924 NELSON RD BOZEMAN MT 59718-8711 RGH5651 66 $ 4,126.33 419 N WALLACE AVE HAYDON FAMILY TRUST,RALEIGH HAYDON TRUSTEE 419 N WALLACE AVE BOZEMAN MT 59715-3755 RGH21N 100 $ 6,252.01 413 N WALLACE AVE PERSIFOR OLIVER III ANNA OLIVER 413 N WALLACE AVE BOZEMAN MT 59715-3755 RGH6325 50 $ 3,126.01 411 N WALLACE AVE DELBERT SCHLEGEL BULAH SCHLEGEL 411 N WALLACE AVE BOZEMAN MT 59715-3756 RGH5388 75 $ 4,689.01 401 N WALLACE AVE FALCON MURTY 1346 CONWAY RD DECATUR GA 30030-4560 RGH5379 75 $ 4689.01 524 N WALLACE AVE KELLY FULTON ELIZABETH FULTON 524 N WALLACE AVE BOZEMAN MT 597153753 RGH2639 30 $ 2,875.60 520N WALLACE AVE JOHN MORRISON WENDY BIANCHINI 2202 BRIDGER DR BOZEMAN MT 59715-2340 RGH2879 55 $ 3,438.61 516N WALLACE AVE MICHELLE STASH MATTHEW STASH 516N WALLACE AVE BOZEMAN MT 59715-375B RGH4024 57 $ 3,563.65 512 N WALLACE AVE KEVIN REPASKY TERRY RICK 512 N WALLACE AVE BOZEMAN MT 59715-3758 RGH5980 51 $ 3,189.53 508 N WALLACE AVE ELIZABETH SCHUH THOMAS KALAKAY 508 N WALLACE AVE BOZEMAN MT 59715-3758 RGH3219 37.5 $ 2,344.51 504 N WALLACE AVE PETER MALESKI 504 N WALLACE AVE BOZEMAN MT 59715-3758 RGG1369 37.5 $ 2,344.51 428 N WALLACE AVE DAVID VICIEDO JENNIFER KIRK 428 N WALLACE AVE BOZEMAN MT 597153756 RGH6289 65.94 $ 4,122.58 424N WALLACE AVE DAVIDVICIEDO JENNIFERVICIEDO 474N WALLACE AVE BOZEMAN MT 59715-3756 RGH21062 50 $ 3,126.01 418 N WALLACE AVE MICHAEL WICKES 418 N WALLACE AVE BOZEMAN MT 59715-3756 RGH4486 68.5 $ 4,782.63 416N WALLACE AVE KEVIN BRUMBACH 3502 GOOD MEDICINE WAY BOZEMAN MT 59715-9232 RGH3350 40W$ 4,39%54 0.81 412 N WALLACE AVE WYATT CROSS ELIZABETH REESE 412 N WALLACE AVE BOZEMAN MT 59735-3756 RGH5405 506.01 408 N WALLACE AVE MATTHEW LEWIS CHERYL LEWIS 408 N WALLACE AVE BOZEMAN MT 59715-3756 RGH1741 506.0' 404 N WALLACE AVE SHARON ARMOLD DARREN DAVID ARMOLD WILLIAM ARMOLD 404 N WALLACE AVE BOZEMAN MT 59715-3756 RGG12M 601.21 327 N WALLACE AVE LYLE HAPPEL 4700 GOOCH HILL RD BOZEMAN MT 59718-9027 RGH4703 49,3114.13 325 N WALLACE AVE LAMES HAUWILLER (AURA DOBECK 325 N WALLACE AVE BOZEMAN MT 597153753 RGH2959 50.379.14 321 N WALLACE AVE ROBERT KNAPP 321 N WALLACE AVE BOZEMAN MT 59715-3753 RGH2640 50.3648.51 317 N WALLACE AVE JARED JOHNSON KATHERINE JOHNSON 5317 WATEKA DR DALLAS TX 75209-5511 RGH3652 3075.60 313 N WALLACE AVE ARTHUR ALBIN DEBORAH ALBIN 313 N WALLACE AVE BOZEMAN MT 597153753 RGH1337 70.379%54307 N WALLACE AVE JEANNE B FOWLER 707 N WALLACE AVE BOZEMAN MT 597153063 RGH2759 50.34 , 7.26 305 N WALLACE AVE BILLIE WARFORD MARTIN WHNMONT 3117 SOURDOUGH RD BOZEMAN MT 59715-9260 RGH6352 49 $ 3,063.49 301 N WALLACE AVE MATTHEW BUSHUE 1214 E CURTISS ST BOZEMAN MT 59715-3864 AGH1637 31 $ 1938.12 330 N WALLACE AVE CHARLES BRODIE 931 HULBERT RD W BOZEMAN MT 59718-3514 RGH4566 60.33 $ 3,771.84 324 N WALLACE AVE ALAMITO LLC 1276 N 15TH AVE STE 103A BOZEMAN MT 59715-3239 RGH4504 50 $ 3,126.01 318N WALLACE AVE STUART STROUN 90 DIAMONDBACK RD ENNIS MT 59729-9110 RGHS543 100 6,252.01 314 N WALLACE AVE PETER MACFADYEN SARAH KNELL 314 N WALLACE AVE BOZEMAN MT 59715-3754 RGH4098 44 $ 2,750.89 310 N WALLACE AVE LAUREN STERN 310 N WALLACE AVE BOZEMAN MT 59715-3754 RGH4099 50 $ 3,126.01 302 N WALLACE AVE STEVEN MARTY 302 N WALLACE AVE BOZEMAN MT 59715-3754 RGH5038 77.5 $ 4 84S.31 530E DAVIS ST JOSLIN FIELDS 14777 HAYHOOK RD BOZEMAN MT 59715-9643 RGH1574 97 $ 6,064.45 215 N WALLACE AVE NOAH PORITZ LEONA PORITZ 1418 MAPLE DR BOZEMAN MT 59715-5939 RGH2036 55 $ 3,439.61 211 N WALLACE AVE PAULSTOY AMYTROWBRIDGE 211N WALLACE AVE BOZEMAN MT 59715-3751 RGH4489 56 $ 3,501A3 205 N WALLACE AVE MICHAEL MCGEE SALAL HUBER MCGEE 3325 CHURCH AVE BOZEMAN MT 59715-4815 RM6O A9 $ 3,344.20 2C3 N WALLACE AVE CHRISTOPHER SUCICH 203 N WALLACE AVE BOZEMAN MT 59715-3751 R .61 $ 3,726.83 222N WALLACE AVE DEBORAH MCKAY PO BOX 325 BOZEMAN MT 59771-0325 R $ 6,189.49 216N WALLACE AVE PHOEBE&STETSON TRIPP TRUST 319 N 5TH ST LIVINGSTON MT 59047-1S01 R $ 4,626.49 210N WALLACE AVE DIANETHOMPSON I6SANDERSAVE BOZEMAN MT 5971&6252 R $ 2,188.20 208 N WALLACE AVE JAMES LOCKIE KATHLEEN LOCKIE JENNIE LOCKIE DAVID LOCKIE 317 LINDLEY PL B30MIAA MT 5157 M114 R $ 3,126.01 204N WALLACE AVE PAUL GAFFNEV PO SOX B02EMAN M759771-0961 R $ 3,751.21 TOTALS 5152.74 $ 322,150.00 SID$/Linear Foot ofFrontaLe$ 52.52