HomeMy WebLinkAboutResolution 2783 Establishing public hearing for tax reduction, Scientific Materials
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COMMISSION RESOLUTION NO.
2783
A RESOLUTION OF THE CITY
COMMISSION OF THE
CITY OF
BOZEMAN, MONTANA, ESTABLISHING A
PUBLIC HEARING TO
HEAR PUBLIC COMMENT ON THE APPLICATION OF SCIENTIFIC
MA TERIALS CORPORA T ION FOR TAX
REDUCTION UNDER
SECTION 15-24-1401, ET SEQ,
MONTANA CODE ANNOTATED,
AND CITY OF BOZEMAN COMMISSION RESOLUTION NO. 2660.
WHEREAS, Scientific Materia Is Corporation
of Bozeman, Montana,
has
made application 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 fj rst 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, Scientific Materials Corporation
of Bozeman, Montana, sets
forth in its appl ication certain information
regarding the improvements
and
modernized processes made to its business
which appear to qual ify
Scientific
Materials Corporation 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
Sect ion
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 7th day of May 1990.
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PASSED AND ADOPTED by the City Commission of the City of Bozeman,
Montana, at a regular meeting thereof held on the 26th day of March 1990.
RO
ATTEST:
(J.-k J ~
ROB I N L. SULLIVAN
Clerk of the Commission
APPROVED AS~M:
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BRUCE E. BECKER
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 7th day of
May 1990 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 appl ication of Scientific
Materials Corporation for tax reduction pursuant to Section 15-24-1402, Montana
Code Annotated, and City of Bozeman Commission Resolution No. 2660, whereby
qualifying 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
Sull ivan, Clerk of the
Commission, at 411 East Main Street, Bozeman, Montana or telephone 586-3321.
ROBIN L. SULLIVAN
Clerk of the City Commission
Lega I Ad
Publish: Wednesday, Apri I 11, 1990
Friday, Apri I 27, 1990
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