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HomeMy WebLinkAboutResolution 2742 Establishing public hearing for tax reduction for Color World: 3-20-89 ~/ ~- . - .. .// - 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. "~'.. ""- r -- ---~. - - , .<:>.... 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: (iiiL~dt!;-- Clerk of the Commission City Attorney .& .i- t I . -.."'. .-- -~,.,. ----- ~J..Ik- .... . I. 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 . r Legal Ad Publish: Friday, March 24, 1989 Sunday, Apri I 9, 1989 ." ) .: .--- ~ -,:~'~