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HomeMy WebLinkAboutResolution 3474 Set public hearing for tax break for Color World COMMISSION RESOLUTION NO. 3474 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 SEa, MONTANA CODE ANNOTATED AND CITY OF BOZEMAN COMMISSION RESOLUTION NO. 2660. WHEREAS, at its meeting held on the 5th day of February 2001, the City Commission acknowledged receipt of an application from Color World Printers, Bozeman, Montana, 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 that represent 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, Bozeman, Montana, sets forth in its application certain information regarding the improvements and modernized processes and for which Color World Printers requests 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 notice 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 1 st day of October 2001. -------- ----- ---- -------------- PASSED AND ADOPTED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 10th day of September 2001. MAR~Nf/b;-;;or ATTEST: ~.z~ ROBIN L. SULLIVAN Clerk of the Commission APPROVED AS TO FORM: Color World August 14,200 I Miral D. Gamradt Admin Services Director 411 East Main Street e., 11;. I~ ttIi Tf ~. ~ 5J Bozeman, MT 59715 Dear Mr. Gamradt: Here is the additional infomlation requested with respect to our tax abatement request. Listing of Equipment: I have included a new list with a copy of the specific invoices for the first two items. You have invoices for all items. IRIS Proofing System $75,440 Lotem Direct to Plate System $\79,4\\ Heidelberg Spcedmastcr 74 Press $785,000 Improof Proofer $13,500 Muller Martini Stitcher $119,20\ Heidelberg Model S Cylinder Press $28,000 Total $\ ,200,552 Environmental Im'p~~!atement: None of this equipment has any adverse impact on the environment. Most of the equipment upgrades current manufacturing processes. However, our new direct-to-plate system (Lotem/13risque) eliminates the film process, which reduces the use of water-based chemicals and silver-based film. This equipment therefore enhances our environmental contribution to the community. In general, commercial printing is a clean manufacturing business. Please call me if you have any other additional questions. Sincerely, 0/~--:/~' Michael Burgard General Manager, Color World Printers 201 E MENDENHALL ST PO BOX 1088 80%EMAN MT 59715 406.587-4508 800-332-3303 FAX 406-587-0628 wwwoOcol 0 rworl d p r in Ie r$. Com . ---.--- -..---