HomeMy WebLinkAboutResolution 4929 Annual Assessment for the Business Improvement District (BID) for FY19 COMMISSION RESOLUTION NO. 4929
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN
MONTANA LEVYING AND ASSESSING A SPECIAL ASSESSMENT FOR FISCAL
YEAR 2019 UPON ALL REAL PROPERTY IN THE BUSINESS IMPROVEMENT
DISTRICT LOCATED IN THE CITY OF BOZEMAN'S DOWNTOWN AREA TO
DEFRAY THE ESTIMATED COST AND EXPENSE TO BE INCURRED IN THE
BUSINESS IMPROVEMENT DISTRICT FOR THE FISCAL YEAR AS OUTLINED IN
THE DISTRICT'S WORK PLAN AND BUDGET.
WHEREAS, Commission Resolution No.'s 4256 and 4263 and Ordinance No. 1790
passed as aforesaid are hereby referred to and made a part of this resolution for further particulars
in respect to the boundaries of said district the purpose of the district and the duration of the
district, and
WHEREAS, Section 7-12-1132 (4) Montana Code Annotated provides that said special
assessments shall be made levied and collected in the same manner as are other special
assessments and levies of the City of Bozeman, and
WHEREAS, pursuant to Section 7-12-1132 (2) Montana Code Annotated the City
Commission did on the 4th day of June 2018 receive the work plan and budget submitted, and
WHEREAS,the work plan and budget provides for parcels to be assessed for that part of
the whole cost of the district which its taxable valuation bears to the total taxable valuation of the
property of the district pursuant to Section 7-12-1133 (2) c Montana Code Annotated, and
WHEREAS, to defray the costs of the business improvement district for the coming
Page 1 of 3
i
Resolution 4929,Annual Assessment for the BID for FY19
assessment year,the Commission must now establish an assessment to be levied for said year.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of
Bozeman,Montana, as follows:
Section 1
That to defray the estimated cost and expense of the business improvement district in the
City's downtown area for the fiscal year 2019 there is hereby levied and assessed against the
taxable valuation of the several lots pieces and parcels of land benefited by the district within the
City of Bozeman as set forth in Schedule A, attached hereto and by this reference made a part
hereof which describes each lot or parcel of land with the name of the owner and or owners, if
known, and the amount assessed against the same that the several sums set opposite the names of
said owners; and the described lots and parcels of land are hereby levied and assessed upon and
against said lots and parcels of land for said purpose that the several sums be collected from the
respective owners of said lots and parcels of land described in said assessment list and owned by
them; that the said sums shall be paid and the collection thereof be made in the manner and in
accordance with Ordinance No. 1790 of the City of Bozeman Montana and the laws of the State
of Montana governing the collection of a business improvement district assessments; that failure
to pay such assessment when the same shall become due and payable shall make such persons
and such lots and parcels of land liable to the penalties provided by law relative to delinquent
taxes and assessments; and that the November assessments shall become delinquent at 5:01 p in
on November 30, 2018 and the May assessments shall become delinquent at 5:01 pm on May 31,
2019.
Section 2
That each lot or parcel of land including the improvements thereon, may be assessed for
that part of the whole cost of the district which its taxable valuation bears to the total taxable
valuation of the property in the district. The assessment rate in said business improvement district
shall be $126,000.00 which is 0.027586 per taxable valuation.
Page 2 of 3
Resolution 4929,Annual Assessment for the BID for FY19
Section 3
That this assessment be levied for the fiscal year 2019 (July 1, 2018 through June 30,
2019)and be billed in October 2018 as are all other special assessments.
Section 4
That the assessments as collected shall be placed in the business improvement district fund
and shall be used to defray the costs thereof as provided by law.
PASSED, ADOPTED, AND APPROVED by the Commission of the City of Bozeman
Montana at a regular session thereof held on the 24th day of September 2018.
C IA RU
Mayor
ATTEST:
ROBIN CROUGH
City Clerk .".��•.`� `��83 .•���.
• 10 APPROVED AS TO FORM:
N CO•
wftp-�lv 4TAM&Rll�til-1-
A%6is•Bvvt- City Attorney
Page 3 of 3