HomeMy WebLinkAboutResolution 2742 Establishing public hearing for tax reduction for Color World: 3-20-89
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COMMISSION RESOLUTION NO. 2742
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
BOZEMAN, MONTANA, ESTABLISHING A PUBLIC HEARING TO
HEAR PUBLIC COMMENT ON THE APPLICATION OF COLOR
WORLD PRINTERS FOR TAX REDUCTION UNDER SECTION
15-24-1401, ET SEQ, MONTANA CODE ANNOTATED, AND CITY
OF BOZEMAN COMMISSION RESOLUTION NO. 2660.
WHEREAS, Color World Printers of Bozeman, Montana, has made applica-
tion 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 govern-
ment to grant tax reduction for qualifying improvements or modernized processes
in new or expanding industries whereby said qualifying improvements or mod-
ernized 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 tax-
able 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, Color World Printers of Bozeman. Montana. sets forth in its
application certain information regarding the improvements and modernized pro-
cesses made to its business which appear to qualify Color World Printers for
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 no-
tice 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 17th day of Apri I 1989.
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PASSED AND ADOPTED by the City Commission of the City of Bozeman I
Montana I at a regular meeting thereof held on the 20th day of March 1989.
ATTEST:
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Clerk of the Commission
City Attorney
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NOTICE OF PUBLIC HEARING
PLEASE TAKE NOTICE, that the City Commission of the City of
Bozeman, Montana, on the 17th day of Apri I 1989 at the hour of 7: 00 o'clock
p.m., in the Commission Room of the Municipal Building, 411 East Main Street,
Bozeman, Montana, will hear public comment on the application of Color World
Printers for tax reduction pursuant to Section 15-24-1402, Montana Code An-
notated, and City of Bozeman Commission Resolution No. 2660, whereby qualify-
ing 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 586-3321.
ROBIN L. SULLIVAN
Clerk of the City Commission
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Legal Ad
Publish: Friday, March 24, 1989
Sunday, Apri I 9, 1989
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