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HomeMy WebLinkAboutResolution 3674 Intent to create SID 676, Valley Center COMMISSION RESOLUTION NO. 3674 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, RELATING TO SPECIAL IMPROVEMENT DISTRICT NO. 676; DECLARING IT TO BE THE INTENTION OF THE CITY COMMISSION TO CREATE THE EXTENDED DISTRICT FOR THE PURPOSE OF UNDERTAKING CERTAIN LOCAL IMPROVEMENTS AND FINANCING THE COSTS THEREOF AND INCIDENTAL THERETO THROUGH THE ISSUANCE OF SPECIAL IMPROVEMENT DISTRICT BONDS SECURED BY THE CITY'S SPECIAL IMPROVEMENT DISTRICT REVOLVING FUND AND ESTABLISHING COMPLIANCE WITH REIMBURSEMENT BOND REGULATIONS UNDER THE INTERNAL REVENUE CODE. BE IT RESOLVED by the City Commission (the "Commission") of the City of Bozeman, Montana (the "City"), as follows: Section 1. Prooosed Imorovements: Intention To Create District. The City proposes to undertake certain local improvements (the "Improvements") to benefit certain property located in the City. The Improvements consist of roadway improvements to Valley Center Road, including widening of the road, installation of storm drainage improvements and street lighting, as more particularly described in Section 5. The total estimated costs of the Improvements are $2,222,997. The costs of the Improvements are to be paid from the special improvement district bonds hereinafter described. It is the intention of this Commission to create and establish in the City under Montana Code Annotated, Title 7, Chapter 12, Parts 41 and 42, as amended, a special improvement district (the "District") for the purpose of financing the costs of the Improvements and paying costs incidental thereto, including costs associated with the sale and the security of special improvement district bonds drawn on the District (the "Bonds"), the creation and administration of the District, the funding of a deposit to the City's Special Improvement District Revolving Fund (the "Revolving Fund") (collectively, the "Incidental Costs"). The total estimated cost of the Improvements, including such Incidental Costs, to be financed by the Bonds is $2,636,000. The Bonds are to be payable primarily from special assessments to be levied against property in the District, which property will be specially benefited by the Improvements in an amount not less than $2,636,000. Section 2. Number of District. The District, if the same shall be created and established, shall be known and designated as Special Improvement District No. 676 of the City of Bozeman, Montana. Section 3. Boundaries of District. The limits and boundaries of the District are depicted on a map attached as Exhibit A hereto (which is hereby incorporated herein and made a part hereof) and includes all the properties the legal description of which are contained in Exhibit B hereto (which is hereby incorporated herein and made a part hereof), which boundaries are designated and confirmed as the boundaries of the District. A listing of each of the properties in the District is shown on Exhibit C hereto (which is hereby incorporated herein and made a part hereof). Section 4. Benefited Property. The District and territory included within the limits and boundaries described in Section 3 and as shown on Exhibit A are hereby declared to be the special improvement district and the territory which will benefit and be benefited by the Improvements and will be assessed for the costs of the Improvements as described in Section 1. The Improvements, in the opinion of this Commission, are of more than local and ordinary benefit. The property included within said limits and boundaries is hereby declared to be the property benefited by the Improvements. Section 5. General Character of the Imorovements. The Improvements to be constructed are generally described as consisting of the following: on Valley Center Road, from its intersection with North 19th Avenue to immediately west of its intersection with North 27th Avenue, widening the existing two lane roadway; installation of new drainage culverts and ditches; street lighting; a raised center median, landscaped and with an underground irrigation system, with access breaks for adjacent properties; and all related improvements, including new signing, pavement markings and traffic control. These improvements shall include the engineering design, construction, inspection and engineering certification of asphalt cement paving, gravel base courses and subgrade preparation, storm drainage and all necessary permits and appurtenances to complete the road widening. -....-------...-.---.-..---.---.-.-- Section 6. Enaineer and Estimated Cost. Thomas, Dean and Hoskins, Inc., of Bozeman, Montana, shall be the engineer for the District. The Engineer has estimated that the costs of the Valley Center Road Improvements, to be $2,222,997 and the incidental costs to be $413,000 and will require Bonds to be issued in the principal amount of $2,636,000. Section 7. Assessment Methods. 7.1. Propertv To Be Assessed. All properties in the District will be assessed for their proportionate share of the costs of the Improvements from which they derive a benefit as determined and set forth herein. Improvements shall be assessed against the property in the District benefiting from those Improvements, based on the area and assessable area, per Sections 7-12-4162 to 7-12-4164, M.C.A., as particularly applied and set forth in Section 7.2 hereof. 7.2. Area and Assessable Area. The costs of the Valley Center Road Improvements will be assessed using the area and assessment area methods of assessment. All property in the District other than the three lots as described herein will be assessed on the actual area of the lot. For the purposes of equitably apportioning special benefit to certain parcels of land in the District, the Engineer has determined an area less than the actual area of Lot 1, Minor Subdivision 221, Lot 4A, Minor Subdivision 221A, and Tract 1, cas 2050 should be assessed. The assessable area for each such lot shall be the actual area of the lots located east of North 27th Avenue, or 281,655, 412,190 and 332,209 square feet, respectively, as shown on Exhibit C. The total estimated cost of the road improvements is $2,636,000 and shall be assessed against each lot, tract or parcel of land in the District for that part of the costs of the Improvements that the area or assessable area of such lot, tract or parcel bears to the total area of all lots, tracts or parcels of land in the District, exclusive of streets, avenues and alleys. The total area of the District to be assessed is 4,084,032 square feet. The costs of the Improvements per square foot of area or assessable area, exclusive of interest, shall not exceed $0.645441. The assessment for each lot, tract or parcel of land for the Improvements is shown on Exhibit C hereto. 7.3. Assessment Methodoloav Eauitable and Consistent with Benefit. This Commission hereby determines that the method of assessment and the assessment of costs of the Improvements against the properties benefited thereby as prescribed in this Section 7 is equitable and in proportion to and not exceeding the special benefits derived from the Improvements by the lots, tracts and parcels to be assessed therefore within the District. Section 8. Payment of Assessments. The special assessments for the costs of the Improvements shall be payable over a term not exceeding nineteen years, each in equal semi-annual installments of principal, plus interest, or equal semi-annual payments of principal and interest, as this Commission shall prescribe in the resolution authorizing the issuance of the Bonds. Property owners have the right to prepay assessments as provided by law. Section 9. Method of Financina: Pledae of Revolving Fund: Findinas and Determinations. The City will issue the Bonds in an aggregate principal amount not to exceed $2,636,000 in order to finance the costs of the Improvements. Principal of and interest on the Bonds will be paid from special assessments levied against the property in the District. This Commission further finds it is in the public interest, and in the best interest of the City and the District, to secure payment of principal of and interest on the Bonds by the Revolving Fund and hereby authorizes the City to enter into the undertakings and agreements authorized in Section 7-12-4225, M.C.A., in respect of the Bonds. In determining to authorize such undertakings and agreements, this Commission has taken into consideration the fOllowing factors: (a) 2003 Market Value of Parcels: Comparison of Existina Special Assessments and Delinauent Propertv Taxes. The 2003 market value of the lots, parcels or tracts in the District, as shown on the rolls of the Gallatin County Assessor for property tax purposes, is set forth in Exhibit C hereto. The 2003 market valuation - 2 - ._ _.._ _____m .-. --- ----_._.... for all the property in the District that is developed significantly exceeds the amount of assessments. There are a number of parcels, as can be seen on Exhibit C, where the principal amount of the assessment clearly exceeds the 2003 market value; specifically undeveloped properties currently held by the following persons or entities: Jerald Swenson and Sandan, LLC, Cape-France Enterprises and Accola Ranch. Jerald Swenson currently has a proposal to develop a portion of his property into B-2, or general commercial zoning. Sandan, LLC, is currently developing a mixed use subdivision, including multi-family residential, residential-office, industrial and commercial lots. The consulting engineer is of the opinion that the 2003 market value of the undeveloped property will, once developed, exceed the amount of assessments, including outstanding assessments. The special assessments to be levied under Section 7 against each lot, parcel or tract in the District is less than the increase in estimated market value of the lot, parcel or tract as a result of the construction of the Improvements. The total 2003 market value of all property in the District is $18,915,195. (b) Diversity of ProDertv OwnershiD. There are 13 separate parcels of land in the District, with 11 separate owners. Gallatin Center owns three of the lots; and, of the total assessments, 8.3% will be assessed against those parcels. One parcel contains approximately one-fourth of the square footage of the entire district, and, of the total assessments, 24.9% will be assessed against that parcel. (c) Parcels in Countv. Three parcels in the District are located outside the City and are subject to the jurisdiction of Gallatin County; Lot 1, Minor Subdivision 221; Tract E-1, cas 1827; and Tract 1, cas 2050. All three property owners have consented to be included in the SID. The total assessments for those properties are $527,792.77. (d) Delinquencies. Ten parcels in the District are subject to special assessments for SID No. 665, with outstanding principal assessments ranging from $7,816 to $80,764, as shown on Exhibit C. There are no parcels that are delinquent in the payment of their property taxes. (e) The Public Benefit of the ImDrovements. Proposals for new development have recently been submitted to the City which prompted the Montana Department of Transportation (MDT) and the Bozeman City Commission to recommend that the roadway be improved. Improvements to the roadway will preserve public safety by providing turn lanes, drive approaches, storage bays and signalization while allowing for the economic benefit which attends commercial development. Section 10. Public Hearina: Protests. At any time within fifteen (15) days from and after the date of the first publication of the notice of the passage and approval of this resolution, any owner of real property within the District subject to assessment and taxation for the cost and expense of making the Improvements may make and file with the Clerk of the Commission until 5:00 p.m., M.T., on the expiration date of said 15-day period (May 6, 2004), written protest against the proposed Improvements, or against the extension or creation of the District or both. Such protest must be in writing, identify the property in the District owned by the protestor and be signed by all owners of the property. The protest must be delivered to the Clerk of the Commission, who shall endorse thereon the date of its receipt by him or her. This Commission will at its next regular meeting after the expiration of the fifteen (15) days in which such protests in writing can be made and filed, proceed to hear all such protests so made and filed; which said regular meeting will be held on Monday the 10th day of May, 2004, at 7:00 p.m., in the Commission Room of the Municipal Building, 411 East Main Street, in Bozeman, Montana. Section 11. Notice of Passaae of Resolution of Intention. The Clerk of the Commission is hereby authorized and directed to publish or cause to be published a copy of a notice of the passage of this resolution in the Bozeman Daily Chronicle, a newspaper of general circulation in the county on April 21 and April 28, 2004, in the form and manner prescribed by law, and to mail or cause to be mailed a copy of said notice to every person, firm, corporation, or the agent of such person, firm, or corporation having real property within the District listed in his or her name upon the last completed assessment roll - 3 - .-....-------.. ....--.- for state, county, and school district taxes, at his last-known address, on or before the same day such notice is first published. Section 12. Reimbursement EXDenditures. 12.1. Regulations. The United States Department of Treasury has promulgated final regulations governing the use of proceeds of tax-exempt bonds, all or a portion of which are to be used to reimburse the City for project expenditures paid by the City prior to the date of issuance of such bonds. Those regulations (Treasury Regulations, Section 1.150-2) (the "Regulations") require that the City adopt a statement of official intent to reimburse an original expenditure not later than 60 days after payment of the original expenditure. The Regulations also generally require that the bonds be issued and the reimbursement allocation made from the proceeds of the bonds within 18 months (or three years, if the reimbursement bond issue qualifies for the "small issuer" exception from the arbitrage rebate requirement) after the later of (i) the date the expenditure is paid or (ii) the date the project is placed in service or abandoned, but (unless the issue qualifies for the "small issuer" exception from the arbitrage rebate requirement) in no event more than three years after the date the expenditure is paid. The Regulations generally permit reimbursement of capital expenditures and costs of issuance of the bonds. 12.2. Prior Exoenditures. Other than (i) expenditures to be paid or reimbursed from sources other than the Bonds, (ii) expenditures permitted to be reimbursed under the transitional provision contained in Section 1.150-20)(2) of the Regulations, (iii) expenditures constituting preliminary expenditures within the meaning of Section 1.150-2(f)(2) of the Regulations, or (iv) expenditures in a "de minimus" amount (as defined in Section 1.150-2(f)(1) of the Regulations), no expenditures for the Improvements have been paid by the City before the date 60 days before the date of adoption of this resolution. 12.3. Declaration of Intent. The City reasonably expects to reimburse the expenditures made for costs of the Improvements out of the proceeds of Bonds in an estimated maximum aggregate principal amount of $2,636.000 after the date of payment of all or a portion of the costs of the Improvements. All reimbursed expenditures shall be capital expenditures, a cost of issuance of the Bonds or other expenditures eligible for reimbursement under Section 1.150-2( d)(3) of the Regulations. 12.4. Reimbursement Allocations. The City's financial officer shall be responsible for making the "reimbursement allocations" described in the Regulations, being generally the transfer of the appropriate amount of proceeds of the Bonds to reimburse the source of temporary financing used by the City to make prior payment of the costs of the Improvements. Each allocation shall be evidenced by an entry on the official books and records of the City maintained for the Bonds or the Improvements and shall specifically identify the actual original expenditure being reimbursed. - 4 - ----.--- PASSED AND ADOPTED by the City Commission of the ity of Bozeman, Montana, at a regular session thereof held on the 19th day of April 2004. ATTEST: ~silv~g;~~ Clerk of the Commission - 5 - .-.....---...."..- ---.". .-...-....-.- NOTICE TO BE PUBLISHED NOTICE OF PASSAGE OF RESOLUTION OF INTENTION TO CREATE SPECIAL IMPROVEMENT DISTRICT NO. 676 AND TO ISSUE THE CITY'S SPECIAL IMPROVEMENT DISTRICT NO. 676 BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF $2,636,000.00 SECURED BY THE CITY'S SPECIAL IMPROVEMENT DISTRICT REVOLVING FUND CITY OF BOZEMAN, MONTANA NOTICE IS HEREBY GIVEN that on April 19, 2004, the City Commission of the City of Bozeman, Montana (the "City"), adopted a Resolution of Intention to Create Special Improvement District No. 676 (the "District") for the purpose of financing the costs of certain local improvements generally to benefit certain property located in the City. The Improvements consist of roadway improvements to Valley Center Road, including widening of the road, installation of storm drainage improvements and street lighting (the "Improvements") and paying costs incidental thereto, including costs associated with the sale and the security of special improvement district bonds of the City drawn on the District (the "Bonds"), the creation and administration of the District, and the funding of a deposit to the City's Special Improvement District Revolving Fund (the "Revolving Fund"). The Improvements shall be constructed and installed pursuant to plans and specifications prepared by Thomas, Dean and Hoskins, Inc., and approved by the City Engineer. A complete copy of the Resolution of Intention (the "Resolution") is on file with the Clerk of the Commission which more specifically describes the nature of the Improvements, the boundaries and the area included in the District, the location of the Improvements and other matters pertaining thereto and further particulars. A map of the proposed District also accompanies the Resolution. The Improvements consist of the following: on Valley Center Road, from its intersection with North 19th Avenue to immediately west of its intersection with North 27th Avenue, widening the existing two lane roadway; installation of new drainage culverts and ditches; street lighting; a raised center median, landscaped and with an underground irrigation system, with access breaks for adjacent properties; and all related improvements, including new signing, pavement markings and traffic control. These improvements shall include the engineering design, construction, inspection and engineering certification of asphalt cement paving, gravel base courses and subgrade preparation, storm drainage and all necessary permits and appurtenances to complete the road widening. The total estimated costs of the Improvements are $2,222,997.00. The total estimated costs of the Improvements, including all incidental costs, are $2,636,000.00. The City would issue the Bonds in an aggregate principal amount not to exceed $2,636,000.00. Principal of and interest on the Bonds will be paid from special assessments levied against the property in the District in the aggregate principal amount of $2,636,000.00 and such payment will be secured by the Revolving Fund. Subject to the limitations of Montana Code Annotated, Section 7-12-4222, the general fund of the City may be used to provide loans to the Revolving Fund or a general tax levy may be imposed on all taxable property in the City to meet the financial requirements of the Revolving Fund. The costs of the Improvements shall be assessed against the property in the District benefiting from the Improvements, based on the area and assessable area methods of assessment described in Section 7-12-4162, M.C.A. All property in the District other than three lots as described herein will be assessed on the actual area of the lot. For the purposes of equitably apportioning special benefit to certain parcels of land in the District, the Engineer has determined an area less than the actual area of Lot 1, Minor Subdivision 221, Lot 4A, Minor Subdivision 221A, and Tract 1, cas 2050 should be assessed. The assessable area for each such lot shall be the actual area of the lots located east of North 27th Avenue, or 281,655, 412,190 and 332,209 square feet, respectively. The total estimated cost of the Improvements is $2,636,000, and the total assessable area of the lots, tracts or parcels benefiting from the Improvements is 4,084,032 square feet. The costs of the Improvements shall not exceed $0.645441 per square foot of assessable area. NOT-1 ..--.---.-.-... On Monday, May 10,2004, at 7:00 p.m., in the Commission Room, Municipal Building, 411 East Main Street, Bozeman, Montana, the City Commission will conduct a public hearing and pass upon all written protests against the creation of the District, or the making of Improvements, that may be filed in the period hereinafter described. Written protests against the creation of the District and the making of the Improvements may be filed by an agent, person, firm or corporation owning real property within the proposed District whose property is liable to be assessed for the Improvements. Such protests must be delivered to the Clerk of the Commission at the Municipal Building, 411 East Main Street, Bozeman, Montana, not later than 5:00 p.m., MDT., on Thursday, May 6,2004. Further information regarding the proposed District or the Bonds or other matters in respect thereof may be obtained from the Clerk of the Commission at the Municipal Building, 411 East Main Street or by telephone at (406) 582-2320. Dated: April 20, 2004. BY ORDER OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA (j~J~ Clerk of the Commission Legal Ad Publish: Wednesday, April 21 ,2004 Wednesday, April 28, 2004 NOT -2 I EXHIBIT "A" V ALLEY CENTEH HOAD rWADWAY, DRAINAGE AND LIGHTING IMPROVEMENTS ~ SID ~ ,,~, I NOT TO SCAI, r LEGEND -~~~~" COUNTY l~ PARCELS ~ S'D BOUNDARY ~ COS 1827A w LO I . 4A MINOR ~ iP A-I 3 ',tIP nlA II II II II II II CO'j j?050 II COS TCO II LOT 1 I ?CK ., -~...-... ", TARGfT PH 1 LOT (j .q- , TRACT 2 LOT 1 PHASE .3 - LOT 10 GARDNER SIMMENTAL ~ LOT 2A SUBDIVISION en <- MINOR SUf3 210 NN r LOT .3 roll- - 0 gs TRACT .3 LOT 1 (J) e>:: :z Of- ~~~,--~., ~., . '" __...n ,- iRACI j LOT 2 - -~.~ ~'_. _. COS ,,;\1 ,._,._..._~~ -".-.._-~- -~._--~'.~._" ---.... .._~- w TR 7 :2; a: LOT 4 0 ,,~~~~. !Q COS :::> 1979 0 ;!: ..--....- .-_.'''0- ----.. ..---....-. ----.. ____________.._._n...___.,.._.____ __." ._.".__._____...._.___ .-...-.--------- EXHIBIT "B" V ALLEY CENTER ROAD, ROADWAY, DRAINAGE AND LIGHTING IMPROVEMENTS DESCRIPTION: All that part of Sections 35 and 26, Township I South, Range 5 East, Principal Meridian Montana, Gallatin County, Montana lying within the following described line: Beginning at the northeast comer of Lot 2, Gallatin Center Subdivision P.U.D. Phase 1, said comer being on the westerly right-of-way line of North 19th A venue; thence southwesterly along said right-of-way line to the southeast comer of said Lot 2; thence southerly to the northeast comer of Lot 4 of said subdivision; thence southerly along the west right-of-way line of North 19th A venue to the southeast comer of said Lot 4; thence along the boundary of Lot 4 westerly, southwesterly and northwesterly to the southwest corner of said lot; thence northeasterly along the east line of Lot 6 of said subdivision to the northeast comer of said lot; thence westerly along the southerly line of Lot 5 of said subdivision to the southwest corner of said lot; thence northerly along the west line of Lot 5, to the northeast comer of Lot 7 of said subdivision; thence northwesterly to the northerly line of Catron Street; thence westerly along said northerly line to the southwest corner of Lot 1 of Minor Subdivision No. 210; thence northerly along the west line of said Lot 1 to the southeast comer of Tract 1 of Certificate of Survey No. 2050; thence west along the south line of said Tract 1 to the west line of said Section 35; thence north along said line to the northwest comer of said Tract 1; thence east along the north line of Section 35 and the north line of Tract 1 to the southwest comer of Lot 4A of Minor Subdivision No. 221 A; thence north along the west line of said Lot 4A to the southwest J:12003\B03.00210fficeDoc,ISID-tegaJ,\.Qre0.2-2.doc . -...".-..-.------. -.- .--- EXHIBIT "B" comer of Lot 1 ofMmor Subdivision No. 221; thence northerly along the west line of said Lot 1 and its northerly extension, to the southwesterly right-of-way line of Interstate 90; thence southeasterly along said right-of-way line, to the Point of Beginning. ] :120031803.00210fficeDoc,IS/D.!egalsla",a2.2 .doc _______.u.._ .__ . .._. ___u_..._. _ ._ ..._ _.__.___u._ COMMISSION RESOLUTION NO. 3674 Intent to create SID No. 676 - improvements to Valley Center Road This is to certify that I did personally mail, on the 21 st day of April 2004, postage prepaid, a copy of the attached Notice in Re to the owners in Special Improvement District No. 676, as identified on Exhibit "C", attached hereto. ROe~L~~ Clerk of the Commission --------- -- ----------- - -- -------- -..... -----.. -..-..-- Valley Center Road SID VALLEY CENTER ROAD ROADWAY, DRAINAGE & LIGHTING IMPROVEMENTS SID Amount $2,636,000 215104 Assessment Rate 0,645441 $/SQ, FT. Subdivision Lot and Owner/Business Owner Lot Lot Assess. SID #665 Gal,Co, 2003 Market Estlm, Value Business Geocode Phase or Name Address Size Size Payoff Dellnauent Value After Improvs. Type Tract (acres) ISq,Ft.) 1$) ($) Tax 1$) ($\ ($) _" cas 1827A TrA.' Cape-F ra nee i 2020 Chari otle St. 23.35 1,017,126 ! $656,494,40 I 80,764 , 0 1,296 754.256 UndeveL ; E nlerprises ! Bozeman, MT 59718 I i I , I --"-COS1 827 ---'. ...L I i TrA-2 Grace E _ France 1515 Skinner Rd. 10_640 463.478 $299,147,77 ! 35,542 , 0 590,080 931.925 Undev eL I ._~_.~!l.I.9II!de, MT 59714 -to I i- ..__n_n______n I L__~____ I. 0904-35 i cas 1827 TrB-1 Yellowstone 4324 Unlvers itv Ave. 4.240 184,894 $119,209,28 ; 14,659 0 424,527 , 561,246 i UndeveL ! 1-45-1 0-0000 Manaoement I Grand Forks, ND 58203 : I c- I I I I I E cas' 18~___ TrE-1 Accola Ranch 77 Centennial Trail 4_680 203.861 $131,580,03 I 15,327 0 77,876 227.930 ! UndeveL I Bozeman, MT 59715 I i , I ! I nGa11 atii, Center 1 Costco _. 999 Lake Drive 13.731 598,122 , 53 8s.o 52.44 ; 47,489 0 , 10,099,4 77 ! 10,553,907 : Wholesale i MlnorSub210 ' I ssaQ uah, W A 98027 ! !Club 0904-35-1-05-30 : 'T , ! i I I I Gallatin Center ' 2 ' Va Ilev Center Enterprise 2305 Catron Road 3.578 165,858 5100,596.87 12.377 0 ; 5,278,508 I 5,396,930 'Motel ! Minor Sub 210 , Wingate Inn Motel Bozeman MT 59718 I I ; ! ; , Gallatin Center 1 Gallatin Center 220 W. Lam!11e SI., Ste, 1 F 3.046 132,704 585,652.55 9.612 .1 0 415,991 513,304 ! Un~evel. i--puo-T Phase 1 LP. Bozeman, MT 59715 r 1-45-05 I i Gallatin Center 2 Gallatin Center 220 W, Lamme St., Ste. 1F 2.777 120,960 578,072.49 10,545 0 385.412 475.897 ; Undevel. PUD Phase 1 L.P. Bozeman, MT 59715 1-45-01 G allali n Center 4 Ga Ilatl n Cari nos 74 E. Fieldview C irele 2.193 95,507 561,644.09 8.714 a 1,295,290 1,368,987 . Restaurant PUD Phase 1 Bozeman, MT 59715 0904-35-1-40-1 a ; I Gallatin Center 5 Ga Ilat in Center LP 220 W. Lamme St., Ste. 1 F 1.967 85,667 $55,292.96 7.816 0 293,674 359,778 , U ndevel. PUD Phase 1 Bozeman, MT 59715 I 1-40-25 i L~nor Sub. 221 1 J era I d Swenson 6071 Jackra bbit Lane 6.465 281,655 51a1,791~ 0 0 1,338 187,4 77 --i Belgrade, MT 59714 reduced i I Minor Sub 221A 4A Bozeman Elementary 404 E,Maln SL 9.463 412.190 5266,044.39 0 a 50.609 316.653 ! & Hi gh School, Dis! 7 Sozeman, MT 59715 reduced ----r' EXEM", ~ r.' COS20SO-. Ron Davis -1 P.o. Box 2672 7.626 332.209 5214,421c~___~ . 35-0904-2-01-30 . ; Clackamas, OR 97015 reduced o 1.117 226,500 __ - ~----- ----; ~-i -.-------- _____-<-_~__h__h ---------;--~----r___--- l- I ! TOTAI.S i3,756 4,084,032 52,636,000-" $242,825 _":"~::::~____._. _ $18,915,195 $21,874,880 F .- I -----~-------~~-- m X I OJ --i C1 Page 1 Column Descriptions Column 1, Subdivision Geocode - subdrvision name or certificate of survey number description used on the plat 0 r certificate of survey, geocode numbers are provided where available Column 2, Lot and Phase or Tract - more detailed lot, block and tract description off of the plat or certficate of survey Column 3, Owner/Business Name - property owner listed for a given parcel in County Clerk & Recorcer's, Treasurer's and Department of Revenue databases as of January 2004. Column 4, Owner Address - owner address provided in the Clerk & Recorder's, Treasurer's and State Department of Revenue databases Column 5, Lot Size - parcel sizes off of the plats or certificates of survey in acres Column 5, Lot Size - parcel sizes in square feet, column 5 multiplied times 43550 Column 7,- Assessment - individual assessments for the parcels equal to the quotient of their column 6 area and the total area, multiplied by the SID amount. Column 8, SID 655 Payoff - outstanding amount of principal and interest for each parcel in SID 665 as shown in the City of Bozeman database Column 9, Gal. Co. Delinq. Tax. each parcel's outstanding taxes as shown in the Department of Revenue database as of Jar1Uary 2004 Column 10,2003 Market Value. total market value of each parcel and its improvements as shown in the Department of Revenue database as of January 2004 Column 11, Estim. Value After I mprovs. - Column 7 + Column 8 + Column 10 Column 12, Business Type. description of type of current larld use m X I CD -oj 'l ..