HomeMy WebLinkAboutResolution 4157 Color World Tax ReductionY,
COMMISSION RESOLUTION N0.4157
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
BOZEMAN, MONTANA, APPROVING 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 N0.2660.
WHEREAS, Color World Printers 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 government to grant tax
reduction for qualifying improvements or modernized processes in new or expanding industries
whereby said qualifying improvements or modernized 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 taxable 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 New or Expanding
Industry Classification Application (Exhibit A) certain information regarding the improvements and
modernized processes 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, does hereby approve the application of Color World Printers, Bozeman,
Montana, as described in the New or Expanding Industry Classification Application (Exhibit A),
finding that Color World Printers qualifies for tax reductions under Section 15-24-1402, M.C.A.
NOW, THEREFORE, BE IT FURHTER RESOLVED that said New or Expanding
Industry Classification tax benefits shall be made for Color World Printers on the earliest tax bill
allowed by law.
PASSED AND ADOPTED by the City Commission of the City of Bozeman, Montana, at a
regular session thereof held on the 6th day of April, 2009.
KAAREN JAC SON
Mayor
ATTEST:
I
STACY EN, C
City Clerk
TO FORM:
,Zi SULLIVAN
Attorney
NOTICE OF PUBLIC HEARING
PUBLIC HEARING ON RESOLUTION NO. 4157 -THE APPLICATION OF
COLOR WORLD PRINTERS FOR TAX REDUCTION PURSUANT TO
SECTION 15-24-1402, MONTANA CODE ANNOTATED, AND CITY OF
BOZEMAN COMMISSION RESOLUTION N0.2660.
NOTICE IS HEREBY GIVEN that the City Commission of the City of Bozeman, Montana, on
Monday, April 6, 2009 at 6:00 p.m. of said day at a regular session of the Commission of the City of
Bozeman in the Commission Room in the Courthouse Community Room, 121 N. Rouse Avenue,
will hear public comment on Resolution No. 4157, the application of Color World Printers 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 Stacy Ulmen, City Clerk, at 121 N. Rouse Avenue,
Bozeman, Montana or telephone 582-2321.
DATED this 22"d day of March 2009.
- SAC U EN, MC
City Cl
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Publish: Sunday, March 22, 2009
Sunday, March 29, 2009