HomeMy WebLinkAboutResolution No. 4340, Annual Assessment for Downtown Business Im
Commission Memorandum
REPORT TO:
Honorable Mayor and City Commission
FROM:
Carol Neibauer, Assistant Treasurer
Laurae Clark, City Treasurer
Chris Kukulski, City Manager
SUBJECT:
Resolution 4340/Annual Assessment for Business Improvement District
(BID)for Fiscal Year 2012
MEETING DATE:
September 26, 2011
RECOMMENDATION:
ApproveCommission Resolution No. 4340/Annual assessment for
the Business Improvement District (BID)for the FY2012.
BACKGROUND:
Per Montana Code Annotated 7-12-1132 the Commission presented on
August 1, 2011with the BID(Business Improvement District)work plan and budget. As a result
of that review, the attached resolution,Resolution 4340,was draftedfor approval.
FISCAL EFFECTS:
The downtown businesses within the business improvement district will
be billed based on their assessed taxable value as it relates to the taxable valuation of the whole
district.The assessment rate in said business improvement district shall be set to ensure
$114,000.00 is billed.This rate for FY2012is 0.041391per taxable valuation.
ALTERNATIVES:
As suggested by the City Commission.
Memo compiled on:September 16, 2011
Attached Documents:Resolution #4340
COMMISSION RESOLUTION NO. 4340
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN
MONTANA LEVYING AND ASSESSING A SPECIALASSESSMENT FOR
FISCAL YEAR 2012UPON ALL REAL PROPERTY IN THE BUSINESS
IMPROVEMENT DISTRICT LOCATED IN THE CITY OF BOZEMAN’S
DOWNTOWN AREA TODEFRAY THE ESTIMATED COST AND EXPENSE
TO BE INCURRED IN THE BUSINESS IMPROVEMENT DISTRICT FOR THE
FISCAL YEARAS OUTLINED IN THE DISTRICT’S WORK PLAN AND
BUDGET.
WHEREAS,
Commission Resolution No.’s4256 and 4263 and Ordinance No.1790passed as
aforesaid are hereby referred to and made a part of this resolution for further particulars in
respect to the boundaries of said district the purpose of the district and the duration of the
district,and
WHEREAS,
Section 7-12-1132(4)Montana Code Annotated provides that said special
assessments shall be made levied and collected in the same manner as are other special
assessments and levies of the City of Bozeman,and
WHEREAS
,pursuant to Section 7-12-1132(2)Montana Code Annotatedthe City Commission
did on the 1stday of August, 2011receive the work plan and budget submitted,and
WHEREAS,
the work plan and budget provides for parcels to be assessed for that part of the
wholecostofthe district which its taxablevaluation bears tothe total taxablevaluation ofthe
property of the district pursuant to Section 7-12-1133 (2)cMontana Code Annotated, and
WHEREAS,
todefraythecostsofthebusinessimprovementdistrictforthecomingassessment
year the Commission must now establish an assessment to be levied for said year.
NOW,THEREFORE,BE IT RESOLVED
by the City Commission of the City of Bozeman,
Montana, as follows:
Section 1
Thattodefraytheestimatedcostandexpenseofthebusinessimprovementdistrict intheCity’s
downtown area for the Fiscal Year 2012there is hereby levied and assessed against the taxable
valuation of the several lots pieces and parcels of land benefited by the district within the City
of Bozeman as set forth in Schedule A, attached hereto and by this reference made a part hereof
which describeseachlotorparceloflandwiththenameoftheownerandorowners,ifknown,
andtheamount assessed against the same that the several sums set opposite the names of said
owners;and the described lots and parcels of land are hereby levied and assessed upon and
against said lots and parcels of land for said purpose that the several sums be collected from the
respective owners of said lots and parcels of land described in said assessment list and owned by
them;that the said sums shall be paid and the collection thereof be made in the manner and in
accordance with Ordinance No.1790of the City of Bozeman Montana and the laws of the State
of Montana governing the collection of a business improvement district assessments;that failure
to pay such assessment when the same shall become due and payable shall make such persons
and such lots and parcels of land liable to the penalties provided by law relative to delinquent
taxes and assessments;and that the November assessments shall become delinquent at5:01 p m
onNovember 30,2011and the May assessments shall become delinquent at 5:01 pm on May
31,2012.
Section 2
That each lot or parcel of land including the improvements thereon may be assessed for that part
of the whole cost of the district which its taxable valuation bears to the total taxable valuation of
the property in the district.The assessment rate in said business improvement district shall be
$114,000.00 whichis 0.041391pertaxable valuation.
Section 3
That this assessment be levied for the Fiscal Year 2012(July1, 2011through June 30,2012)
and be billed in October 2011as are all other special assessments.
Section 4
Thattheassessmentsascollectedshallbe placedin thebusiness improvement district fund and
shall be used to defray the costs thereof asprovided by law.
APPROVED
by the Commission of the City of Bozeman Montana at a regular session thereof
th
held on the 26day of September, 2011.
______________________________
JEFFREY K. KRAUSS
Mayor
ATTEST
_____________________________
STACY ULMEN, CMC
City Clerk
APPROVED AS TO FORM
______________________________
GREG SULLIVAN
CityAttorney