HomeMy WebLinkAboutResolution 2104 Tax Levy and Loans as Necessary
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aJvW:SSlrn RESOUJrIOO I'D. 2104
A REffiWTlOO RJRSUANT 10 STATUTORY FROVISIOOS, SEITING cur 'lliAT 1HE CITY
CXMA.ISSICN UNDERTAKES AND AGREES TO ISSUE ORDERS ANNUALLY AUIIDRIZlm WANS
CR ADVAN:E FRCM THE REVOLVING ACX:DUNI' 'ID 1HE EXTENT FUNDS ARE AVAIlABLE AND
'ID PROVIDE FUNDS FCR SUCH RE'ft)LVING FUND BY MAKIN:; TAX LEVY AND WANS AS 1HE
aM.1ISSIrn DETm1INES NECESSARY.
I WHEREAS, the City COmmission of the City of Bozeman, MOntana, did on the 11th day of July,
1979, pass a Resolution, creating Special Improvement District No. 608 for the purpose of paving
streets, constructing curbs, gutters and sidewalks, installing street signs, water valves, man-
holes, and other appurtenances hereto, in said City;
and,
WHEREAS, the said Commission did on the 8th day of September, 1931, create a Special bn-
provement District Revolving Fund under the provisions of what is now Section 7-12-4221 of the
MOntana Code Annotated, 1978, as amended; and,
WHEREAS, on the 11th day of September, 1979, Grande
& Cmyany agreed to purchase the bonds
to be issued by said District, upon condition that the COnnrlssion enter into the undertakings
and agreements hereinafter set forth; and,
WHEREAS, it is necessary and appropriate that the following undertakings and agreements be
made by said COarrrlssion with respect to said revolving fund and special improvement district.
WN, THEREFDRE, BE IT RESJLVED by the Ci ty Ccnmission of the Ci ty of Bozeman, MOntana, that
in connection with the issuance of Special Improvement District Bonds to be issued to defray the
cost of the improvements in the Special Improvement District hereinbefore specifically referred
to the Commission hereby undertakes and agrees to issue orders, annually authorizing loans or
advances fram the revolving fund to the district fund of said district in amounts sufficient to
make good any deficiency in the principal and interest accounts thereof to the extent that funds
are available, and hereby further undertakes and agrees to provide funds for such revolving fund
pursuant to the provisions of Section 7-12-4222(1) of the Mbntana Code Annotated, 1978, as
amended, by annually nnking such tax levy (or,
in lieu thereof, such loan from the general fund)
I as the Commission shall deternrine to be required to provide the funds sufficient for the purposes
herein expressed, subject to the maximum limitations irrposed by said Section 7-12-4222(1).
The
undertakings and agreements provided for herein are made pursuant to the provisions of Section
7-12-4225, of the Mbntana COde Annotated, 1978, as
amended.
PASSED AND AOOPI'ED this 17th day of October, 1979.
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/ Mayor ~/"_
ATTEST :
/
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Clerk of the City COmmis~n
State of Montana )
County of Gallatin)
Ci ty of Bozeman )
I, Erna V. Harding, Clerk of the City COmmission of the City of Bozeman, do hereby certify
that the foregoing Resolution No. 2104 was published by number and title in the Bozeman Daily
Chronicle, a newspaper of general circulation printed and published in said City, in the issue
I dated the 23rd day of October, 1979, and due proof of such publication is on file in ITo/ office.
IN WITNESS V\HEREOF I hereunto set my hand and affix the corporate seal of my office this
19th day of December, 1979 .
.~~-- ~ ii'~:-_.c~ __
Clerk of the ~ity Commissi~
mMISSICN RESJLUTICN NJ. 2104
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