HomeMy WebLinkAboutResolution 3169 Hearing for tax reduction - Lattice Materials
COMMISSION RESOLUTION NO. 3169
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA,
ESTABLISHING A PUBLIC
HEARING TO HEAR PUBLIC
COMMENT ON THE
APPLlCA TION OF LATTICE MATERIALS CORPORATION FOR TAX REDUCTION UNDER
SECTION 15-24-1401, ET SED, MONTANA CODE ANNOTATED AND CITY OF
BOZEMAN COMMISSION RESOLUTION NO. 2660.
WHEREAS. at its meeting held on the 18th day of February 1997, the City Commission
acknowledged receipt of an application from Lattice Materials Corporation, Bozeman, Montana, for tax
reduction based upon improvements to their business pursuant to Section 15-24-1401, et seq, M.C.A.,
and City of Bozeman Commission Resolution No. 2660; and
WHEREAS, Section 15-24-1401. et seq. M.C.A.. authorizes local government to grant tax
reduction for qualifying improvements or modernized processes that represent new or expanding industries
whereby said qualifying improvements or modernized processes may be taxed at 50 percent of their
taxable value in each of the first five (5) years after the construction permit is issued, and that in each
year thereafter, the percentage of taxation shall be increased by equal percentages until the full taxable
value is attained in the tenth (10th) year and that in subsequent years, the property shall be taxed at 100
percent of its taxable value; and
WHEREAS, the Bozeman City Commission enacted Commission Resolution No. 2660 to
implement the tax reduction specified in Section 15-24-1401, et seq, M.C.A., to qualifying new or
expanding industry; and
WHEREAS, Lattice Materials Corporation, Bozeman, Montana, sets forth in its application certain
information regarding the improvements and modernized processes and for which Lattice Materials
Corporation requests said tax reduction; and
WHEREAS, Section 15-24-1402(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 Clerk of the Commission be directed to give notice to the public pursuant to the legal
requirements of Section 15-24-1402 and Section 76-15-103, M.C.A., of a public hearing to be held upon
said application on the 5th day of May 1997.
PASSED AND ADOPTED by the City Commission of the City of Bozeman, Montana, at a regular
session thereof held on the 7th day of April 1997.
C Otfrl 2 )j~
ATTEST:
DON E. STUECK, Mayor
~Jn~
R BIN L. SULLIVAN
Clerk of the Commission
APPROVED AS TO FORM:
/'? ;1
~vUtlA/
City Attorney
... .-.--..----- - --....,...........
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Commission of the City of Bozeman, Montana,
on the
5th day of May 1997 at the hour of 7:00 p.m., in the Commission Room of the Municipal Building, 411
East Main Street, Bozeman, Montana, will hear public comment on the application of Lattice Materials
Corporation, for tax reduction pursuant to Section 15-24-1402, Montana Code Annotated, and City of
Bozeman Commission Resolution No. 2660, whereby qualifying improvements or modernized processes
which represent new or expanding industry may be taxed at 50 percent of their taxable value in each of
the first five (5) years after the issuance of the construction permit and that in each year thereafter, the
percentage of their taxable value shall be increased by an equal percentage of their taxable value until the
full taxable value is attained in the tenth (10th) year and thereafter taxed at 100 percent of its taxable
value.
For additional information, please contact Robin Sullivan, Clerk of the Commission,
at 411 East
Main Street, Bozeman, Montana, or telephone 582-2320 (TDD 582-2301) during regular business hours.
ROBIN L. SULLIVAN
Clerk of the City Commission
Legal Ad
Publish: Friday, April 11, 1997
Sunday, April 27, 1997
-