HomeMy WebLinkAboutResolution 3028 Revising cash-in-lieu option to off-street parking to $3,000 per space
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COMMISSION RESOLUTION NO. 3028
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN,
MONTANA, AMENDING THE FEE FOR THE CASH-IN-LlEU PAYMENT OPTION
TO THE OFF-STREET PARKING REQUIREMENT UNDER SECTION 18.50.120 OF
THE BOZEMAN MUNICIPAL CODE BY INCREASING THE FEE FROM $2,000 TO
$3,000 PER PARKING SPACE.
WHEREAS, Section 18.50.120 of the Bozeman Zoning Ordinance recognizes an ongoing
need for additional off-street parking facilities arising from new development in the B-3 Zoning
District; and
WHEREAS, this need arises in addition to the parking needs addressed in Special
Improvement District No. 565; and
WHEREAS, Section 18.50.120 of the Bozeman Zoning Ordinance allows payment of cash
in lieu of certain parking requirements; and
WHEREAS, said Section 18.50.120 of the Zoning Ordinance provides that the specific
amount of cash to be paid in lieu of the parking requirements shall be set from time to time by
resolution of the City Commission; and
WHEREAS, the City currently and historically has imposed an eight (8) percent per annum
interest rate on outstanding loan balances; and
WHEREAS, the Bozeman Parking Commission recommends that this fee be increased to
$3,000.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman,
Montana, that:
Section 1
That until further action by the City Commission, the required amount of cash in lieu to
be paid for each off-street parking stall required by the City of Bozeman parking requirements shall
be $3,000.00.
Section 2
That the total amount owed for cash in lieu shall be paid as follows:
1) Payment of the total amount in cash prior to issuance of a building
permit, business license or zoning approval, as required for the
proposed use; or
2) Payment of one thousand dollars ($1,000) or one-tenth (1/10) of the
total amount, whichever is greater, plus a three percent (3%)
administrative charge on the total amount on or before the issuance of
a building permit, business license or zoning approval, as required for
the proposed use; and the remaining balance will be amortized over a
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period of years as outlined in Subsections A, B, and C below, with
equal annual payments over the life of the loan.
Terms for the payment of the principal balance are established as
follows:
A) The term for payment of an initial principal balance of less
than five thousand dollars ($5,000) shall not be greater than
three (3) years;
B) The term for payment of an initial principal balance of five
thousand dollars ($5,000) to ten thousand dollars ($10,000)
shall not exceed seven (7) years;
C) The term for payment of an initial principal balance of greater
than ten thousand dollars ($10,000) shall be limited to a
maximum of ten (10) years;
D) Outstanding loan balances will bear interest at eight (8)
percent per annum.
E) The petitioner and property owner shall execute a promissory
note for the balance.
Section 3
No person who is participating in such a payment plan may be issued an annual business
license unless such payments are current.
Section 4
That the cash in lieu rate may be revised at the discretion of the City Commission.
PASSED AND ADOPTED by the City Commission of the City of Bozeman, Montana, at a
regular session thereof held on the 7th day of November 1994.
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JO VINCENT
Mayor
ATTEST:
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ROBIN L. SULLlV N
Clerk of the Commission
APPROVED AS TO FORM:
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