HomeMy WebLinkAboutResolution 3135 Approve tax reduction for AK Specialities - vertical machine
COMMISSION RESOLUTION NO. 3135
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN,
MONTANA, APPROVING THE APPLICATION OF AK SPECIAL TIES, 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, etseq., 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 Vertical
Machining Center 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 $84,639.00, 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.
{ D d"J? ?/3~
DON E. STUECK, Mayor
ATTEST:
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ROBIN L. SULLIVAN
Clerk of the Commission
APPROVED AS TO FORM:
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EXHIBIT "A"
SCHEDULE 'A'
EQUIP~1ENT SCHEDULE
THIS SCHEDULE is attached to and made part of a certain Uase Rental Agreement,
nwnber 95140001, between CNC Associates, Inc., as Lessor, and A K Specialties,
Inc., as
Lessee.
QUA1~TITY EQLTPMENT
DESCRIPTION SERIAL NUMBER 5000
(1)
KL\.'\S VertiC<'1l Machining Center: Model VF - 3,
including:
(1)
Rigid Tapping
$71,900
(1)
Programmable Coolant Nozzle
(1)
Chip Conveyor
(1)
Coordinate Rotation and ScaJio.g Option 5,995
(1)
3.511 Floppy Disk
(1)
Custom Nfacros Option
(1)
Lot Tooling
4,544
Set-up
1,000
Freight
1,200
$84,639
The Lessee hereby certifies that the description of personal property set
forth above
comtitutes an accurate 3.iXQUnt of the Equipment, as such is defined in the
u.1se Rental
Agreement of which this Schedule is a part.
,
LESSOR: CNC Associates, Inc.
LESSEE: A K Specialties, Inc.
By: ~~
By: ---rr;fM' T k ~
0
Title: Secretary
Title: President
Date: 7/13/95
Date: &-1-9:5
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