HomeMy WebLinkAboutResolution 3136 Approve tax reduction for AK Specialties - lathe
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COMMISSION RESOLUTION
NO. 3136
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN,
MONTANA, APPROVING THE APPLICATION OF AK SPECIALTIES, INC..FOR
TAX REDUCTION UNDER SECTION 15-24-1401, ET SEa., MONTANA CODE
ANNOTATED, AND CITY OF BOZEMAN COMMISSION RESOLUTION NO. 2660.
WHEREAS, on the 29th day of June 1987, following due and proper public hearing,
the
City Commission did adopt Commission Resolution No. 2660, defining, approving and adopting the
tax incentive program as set forth in Section 15-24.1402, M.C.A., for qualifying improvements and
modernized processes of new industry or expanding industry within the jurisdictional limits of the
City of Bozeman, Montana; and
WHEREAS, on the 17th day of June 1996, the City Commission did adopt Commission
Resolution No. 3125, setting the public hearing on the application of AK Specialties, Inc., for tax
reduction under Section 15-24-1401, et seq., M.C.A.; and
WHEREAS, on the 15th day of July 1996, following due notice, the City Commission
did
conduct the public hearing as set forth in Commission Resolution No. 3125; and
WHEREAS, public comment was received prior to and during the public hearing;
and
WHEREAS, it appears the applicant's taxes have been paid in full.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman,
Montana, that the application of AK Specialties, Inc., for tax reduction on the Haas CNC Lathe
under Section 15-24-1401, et seq., Montana Code Annotated, and Commission Resolution No.
2660, is hereby approved for those qualifying improvements or modernized processes totalling
$81,633.00, as described on Exhibit "A", attached hereto and incorporated by this reference as
though fully set forth herein.
PASSED AND ADOPTED by the City Commission of the City of Bozeman, Montana,
at a
regular session thereof held on the 5th day of August 1996.
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DON E. STUECK, Mayor
ATTEST:
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ROBIN L. SULLIVAN
Clerk of the Commission
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EXHIBIT "A"
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Lease No. 022-3001206
FIRST SECURITY LEASING
EXHIBIT
A
to Leue Schedule to Muter Equipment Lease Agreement
DESCRIPTION
OF EQUIPMENT
Idenlitication New Invoice
or or Purchase
~
Vendor Desc ,;otion
Serial Number ~ f!kL-
I
KING MACHINE HAAS CNC/LATHE
60254 NEW $ 59,500.00
I
HAAS HYDRAULIC
PKG NEW 6.495.00
]
HAAS CHIP
CONVEYOR NEW 4,995.00
I
3.5 FLOPPY
DISC DRIVE NEW 995.00
I
TOOL WRENCH
NEW 49.00
4
TOOL HOLDERS
3/4, 1-1/4, \-111 NEW 400.00
4
TOOL HOLDERS
3/4 ONLY NEW 760.00
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MACHINE
SETUP \,500.00
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ROYAL TOOLING
PKG NEW 2,082.00
1
V ALENITE
TOOLING PKG NEW 2,149.45
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HARDINGE
TOOLING PKG NEW 1,357.55
FRT INS.
& HANDLING. OUTGOING \ ,350.00
TOTAL INVOICE
PURCHASE PRICE $ SI,633.00
lESSEE: A K SPECIALTIES. INC.. A MONTANA CORPORATION and PAUL D. CHAUSSE arid CONNIE J. CHAUSSE and TONY I. KNICK arid
ANN E. KNICK. AS lNDrYIDUALS
A~ MONTANA CORPORATION
By: X../ ~-
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BY ~ IV%-,
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PAU D. CHAUSSE, AN TNDrYIDUAL
BY: y &;~'W- .
k)/JA~ .
CONNIE 1. CH
BY: )( G-~;/1/ t, KltU/'L
ANN E. KNICK, AN INDrYIDUAL
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