HomeMy WebLinkAboutResolution 2300 Supporting passage of SB #96 - 5% of improvements costs to Revolving Fund: 1-21-81
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COMMISSION RESOLUTION 2300
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA,
EXPRESSING SUPPORT OF AND URGING PASSAGE BY THE MONTANA LEGISLATURE
OF SENATE BILL NO. 96, "AN ACT TO PROVIDE FUNDS FOR SPECIAL IMPROVE-
MENT DISTRICT REVOLVING FUNDS BY ALLOWING 5% OF THE IMPROVEMENT COST
TO BE AN INITIAL INCIDENTAL EXPENSE TO BE DEPOSITED IN THE REVOLVING
FUND. "
I
WHEREAS, the purpose of a Special Improvement District Revolving Fund is to secure prompt
payment of any special improvement district bonds or sidewalk, curb, and alley approach war-
rants issued in payment of improvements made therein and the interest thereon as it becomes due;
and
WHEREAS, the present sources of money for the revolving fund are limited to transfers
from the General Fund and a special tax levy on all taxable property of the City, and both
sources impose a financial burden on all taxpayers of the City; and
WHEREAS, special improvements by their nature and intent primarily benefit only a limited
specific geographic area of the City; and
WHEREAS, Senate Bill No. 96 provides an option, deemed practical, fair and reasonable, to
alleviate the imposition of City-wide tax levies to support the special improvement district
revolving fund.
NOW, THEREFORE, BE IT RESOLVED that the City Commission of the City of Bozeman supports
and urges passage of Senate Bill No. 96 by the Montana Legislature to provide funds for Special
Improvement District Revolving Funds by allowing 5% of the improvement cost to be an initial
incidental expense to be deposited in the revolving fund.
I
PASSED AND ADOPTED by the City Commission of the City of Bozeman, at a regular and stated
session of said City Commission, held on the 21st daolf January, 198!.
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Mayor
ATTEST:
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I, Erna V. Harding, Clerk of the Commission of the City of Bozeman do hereby certify that
the foregoing Resolution No. 2300 was published by title and number in the Bozeman Daily
Chronicle, a newspaper of general circulation printed and published in said City, in the issue
dated the 26th day of January, 1981, and due proof
of such publication is on file in my office.
IN WITNESS WHEREOF I hereunto set my hand and affix the corporate seal of my office this
9th day of February, 1981.
(jJd~ dI tJ;~
I
Clerk of the City Commission
COMMISSION RESOLUTION NO. 2300
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