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HomeMy WebLinkAboutResolution 1808 Special Improvement District 565 for Off-street Parking Facilities .f! g,} COMMISSION RESOLUTION NO. 1808 ~ A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, CREATING A SPECIAL IMPROVEMENT DISTRICT TO BE KNOWN AS SPECIAL IMPROVEMENT DISTRICT NO. 565 OF THE CITY OF BOZEMAN FOR THE PURPOSE OF FINANCING THE ESTABLISHMENT OF PUBLIC OFFSTREET PARKING FACILITIES IN THE CITY OF BOZEMAN, MONTANA. I WHEREAS, at a regular session of the City Commission of the City of Bozeman, Montana, held on the 21st day of July, 1976, the City Commission duly passed Commis- sion Resolution No. 1802 declaring it to be ~he intention of the City Commission to create a Special Improvement District to be known and designated as Special Improveme~ T District :No. 565 of the City of Bozeman for the purpose of financing the establishment of offstreet parking facilities on the following described cite: " Beginning at the Northwest corner of Block E of the original townsite of Bozeman, Montana, and proceeding eastward to the northeast corner of Lot 18, Block E, thence South 150.00 feet to the southeast corner of Lot 18, Block E, thence westerly to a point on the southwest corner of Lot 24 in Block F of said original townsite, thence north to the northwest corner of Lot 24, Block F, thence easterly to the beginning point at the northwest corner of Block E. Said Commission Resolution No. 1802 is hereby referred to and made a part hereof for further particulars in respect to the boundaries of said Special Improvement District No. 565. The estimated cost of establishing said offstreet parking facility and the method of assessing the same against the property of said district; and, WHEREAS, prior to the creation of said Special Improvement District No. 565, the City Commission of the City of Bozeman did pass and adopt a City Ordinance setting I forth therein the formula to be used in determining the assessment of each lot or parcel within said district, which said formula included all of the items set forth in Section 11-2214(d), Revised Codes of Montana, 1947; and, WHEREAS, notice of the passage of said Commission Resolution was duly published, as required by law, in the Bozeman Daily Chronicle, a daily newspaper of general circulation printed and published in the City of Bozeman, Montana, and by sending a copy of such notice by U.S. mail to each person, firm, or corporation having property within the proposed district at his or its last known address, upon the same date that such notice was first published as aforesaid, and due proof having been made of the publication and service of said,notice; and, WHEREAS, within the time provided by law and said published and served notice, there were not sufficient protests against the creation of said proposed Special Improvement District No. 565 and the City Commission was in regular session on the 21st day of July, 1976, at 1:15 o'clock p.m. of said day, at the Commission Chamber in the City Hall Building in the said City of Bozeman, Montana, the same being the I time and place designated in said notice for passing upon all protests, if any, against the proposed work or against the creation or extent of said district, or both or either; and it further appearing that all of the proceedings for the creation of said district have been lawful and regular. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA: CO~I$SION RESOLUTION NO. 1808 --,,~-~,,- .--... ,. .. " --I ------". -- - 96 Section 1 That Special Improvement District No. 565 of the City of Bozeman, Montana, be, and the same is hereby created for the purpose of financing the establishment of public off street parking facilities as in said Commission Resolution No. 1802 described. Section 2 I That the entire cost and expense of financing the establishment of said off- street parking facilities referred to in Special Improvement District No. 565 shall be paid by Special Improvement District Coupon Bonds, as authorized by the laws of the state of Montana, which bonds shall be in denominations of $100.00 each, and fractions or multiples thereof where necessary, to be issued and chargeable against a fund to be known as "Special Improvement District No. 565 Fund", and said bonds to be redeemable at the option of the City of Bozeman whenever funds are available for that purpose from said Special Improvement District No. 565 Fund; said bonds shall draw interest at a rate not to exceed seven percent per annum, which shall be chargeable as a part of the cost of said financing of the establishment of said offstreet parking facilities and shall run from the date of the registration of said bonds until said bonds are paid. To pay said bonds and the interest thereon, representing the cost of said financing, a special assessment shall be levied against all property in said district, save and except single family residences and churches, in accordance with the formula set forth and described in Ordinance I No. 962 of the City of Bozeman, Montana. Section 3 Said assessments and taxes shall be payable in 20 annual installments extending over a period of 19 years, with the interest on deferred payments, but this provision shall not be construed to prevent full payment at any time. Section 4 That pursuant to the provisions and authority conferred by Section 11-2232 of Revised Codes of Montana, 1947, said bonds may be sold to the highest and best bidder therefor for cash, and the proceeds of said sale used for the purpose of acquiring the property set forth and described in the Resolution of Intention, Resolution No. 1802 of the City of Bozeman, Montana. Passed and adopted by the City Commission of the City of Bozeman, Montana, at a regular session held on the 28th day of July, 1976. ", a /.) C-:-_ I\"""_.,,__.../~--.{,, 4d. d2Lc"f'-~ I PJAME-S--W. VOLLMER, Mayor ATTEST: o //~~ ~~:~~~ HA~~I G, :C?c//~ Clerk of the City Commission COMMISSION RESOLUTION NO. 1808 __ _n.___ - ._,~--- ....._~,----... .. --. 97 State of Montana ) County of Gallatin : City of Bozeman ) I, Erna V. Harding, Clerk of the Commission of the City I of Bozeman, do hereby certify that the foregoing Commission Resolution No. 1808 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 of the 1st of August 1976, 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 4th day of August, 1976. ):J/("~6 ~R;;-?V. /H](~~G,-~ Clerk of the City Commission I I .. o. 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