HomeMy WebLinkAboutResolution 2621 Intent to levy one mill for Economic Development purposes: 8-11-86
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RESOLUTION NO. 2621
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOZEMAN, MONTANA, INDICATING THE CITY'S
INTENT TO LEVY ONE MILL FOR ECONOMIC DEVELOPMENT
PURPOSES FOR EACH OF THE NEXT FIVE YEARS UPON
APPROVAL OF A MAJORITY OF THE QUALIFIED ELECTORS
OF THE MUNICIPALITY AT THE NEXT GENERAL ELECTION.
WHEREAS, on July 28, 1986 the Gallatin Development
Corporation requested that a proposal for a one mill levy
for each of the next five years to be used for economic
development purposes be placed on the ballot for the
November 1986 election; and
WHEREAS, Section 90-5-112, M.C.A., authorizes a
governing body to levy a tax of one mill for economic
development for a period not to exceed five years upon an
affirmative vote of a majority of the qualified electors;
and
WHEREAS, funds derived from this levy may be used for
purchasing land for industrial parks, constructing buildings
to house manufacturing and processing operations, conducting
preliminary feasibility studies, promoting economic
development opportunities in a particular area, and other
activities generally associated with economic development;
and
WHEREAS, funds may not be used to directly assist an
industry's operations by loan or grant or to pay the salary
or salary supplements of government employees; and
WHEREAS, the governing body of the City may use the
funds derived from this levy to contract with local
development companies and other associations or
organizations capable of implementing the economic function.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF BOZEMAN, MONTANA:
Section 1
That the one mill levy as stated herein shall be placed
before the qualified electors of the City of Bozeman at the
general election to be held on Tuesday, November 4, 1986,
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and the wording of the proposal shall be substantially as
follows:
FOR:
Authorizing the City of Bozeman to make a
levy of one (1) mill per year for each of
the next five (5) fiscal years for the
purpose of raising money to fund local
economic development activities.
AGAINST:
Authorizing the City of Bozeman to make a
levy of one (1) mill per year for each of
the next five (5) fiscal years for the
purpose of raising money to fund local
economic development activities.
Section 2
That any revenue derived from the special one mill levy
election as provided herein will be used for the purposes
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authorized by the state law.
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PASSED AND ADOPTED by the City Commission of the City
of Bozeman, Montana, at a regular session held thereof on
the
11th
day of August, 1986.
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May r
ATTEST:
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I itiJ-'--. c6 iL it, yC 1.-
Clerk of the City Commission
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