HomeMy WebLinkAboutResolution 1674 Special Improvement District 542
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COMMISSION
RESOLUTION NO. 1674
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A RESOLUTION OF TIm CITY COMMISSION OF THE CITY OF BOZEMAN,
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MONTANA, CREATING A SPECIAL IMPROVEMENT DISTRICT 'TO BE KNOWN
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AS SPECIAL IMPROVEMENT DISTRICT NO. 542 OF THE CITY OF BOZEMAN
FOR THE PURPOSE OF CONSTRUCTING AND INSTALLING AN ASPHALTIC
CONCRETE TYPE PAVING, INTEGRAL CONCRETE CURB AND GUTTERS,
I NECESSARY APPURTENANCES THERETO, ALSO CONSTRUCTION AND
INSTALLATION OF NECESSARY STORM DRAINAGE PIPE INLETS, MANHOLES,
DITCHES OR OTHER APPURTENANCES TO STORM DRAINAGE ON WEST
OLIVE STREET BETWEEN SOUTH TENTH AVENUE AND SOUTH ELEVENTH
AVENTffi IN THE CITY OF BOZEMAN, MONTANA.
WHEREAS, at a regular session of the City Commission of the City of Bozeman, held
on the 17th day of April, 1974, the said City Commission duly passed Commission Resolution
No. 1665, declaring it to be the intention of the said City Commission to create a special
improvement district to be known and designated as Special Improvement District No. 542
of the said City for the purpose of constructing and installing an asphaltic concrete pavement
project to include integral concrete curb and gutters, storm drainage, and other work inci-
dental thereto, and to specially assess the entire cost and expense of making said improvements
against the property within said district under and by virtue of the provisions of the laws
of the state of Montana in such case made and provided, and said Commission Resolution No.
1665 is hereby referred to and made a part hereof for further particulars in respect to the
boundaries of said Special Improvement District No. 542, the estimated cost of said improvements
and the method of assessing the same against the property of said district; and ,
WIffiREAS, notice of the passage of said Commission Resolution No. 1665
was duly
I 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. 542, and the City Commission was in regular session the 8th day of May, 1974,
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 time and place designated in said
nmtice 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:
Section 1
I That the said Special Improvement District No. 542 of the City of Bozeman be, and the
same is hereby created for the purpose of making the improvements as in said Commission
Resolution No. 1665 and hereinafter described.
Section 2
That said special improvements be, and tre same are, hereby ordered to be
made in said
Special Improvement District No. 542 as follows:
CONSTRUCTING AND INSTALLING AN ASPHALTIC CONCRETE TYPE PAVING,
COMMISSION
RESOLUTION NO. 1674
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INTEGRAL COO'CRETE CURB AND GTITTERS, NECESSARY APPURTENANCES
THERETO, ALSO CONSTRUCTION AND INSTALLATION OF NECESSARY
STORM DRAINAGE PIPE INLETS, MANHOLES, DITCHES OR OTHER
APPURTENANCES TO STORM DRAINAGE ON WEST OLIVE STREET BETWEEN
SOUTH TENTH AVENUE AND SOUTH ELEVENTH AVENUE IN THE CITY OF
BOZEMAN, MONTANA.
Section 3
That the entire cost and expense of making the special improvements herein referred to
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in said Special Improvement District No. 542 shall be paid by Special Improvement District
Coupon Bonds, as authorized by the laws of the state of Montana, which bonds shall be in the
denomination 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. 542
Fund", 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. 542 Fund; and bonds
shall draw interest at a rate not to exceed seven percent per annum, which shall be charge-
able as a part of the cost of said improvements 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,
ie]"lresenting the cost of said improvement, a special assessment shall be levied against all
of the lands within said Special Improvement District No. 542 as in said Commission Resolution
No. 1665 defined.
Section 4
Said assessment and taxes shall be payable in 20 annual installments extending over a
period of 19 years, with interest on deferred payments, but this provision shall not be I
construed to prevent full payment at any time.
Section 5
That the City Engineer be, and he is hereby directed to prepare plans and specifications
for the doing of said work and the making of said improvements.
Section 6
That pursuant to the provisions and authority conferred by Section 11-2232, Revised
Codes of Montana, 1947, said bonds may be sold to the highest and best bidder therefor for
cash, and the proceeds of such sale used in making payment to the contractor, or contractors,
for such wor~and such payment may be made either from time to time on estimates made by the
engineer in charge of such improvements for the City, or upon the entire completion of the
improvements and the acceptance thereof by the City Commission.
Section 7
That upon the completion of plans and specifications by the City Engineer for the
doing of said work and the making of said improvements, the Clerk of the City Commission of
the City of Bozeman be, and is hereby, directed to publish a notice inviting proposals for the
making of said improvements on said Special Improvement District No. 542, which notice I
shall refer to the plans and specifications on file, by publishing such notice in two issues
of the Bozeman Daily Chronicle, a daily newspaper printed and published in the City of Bozeman,
Montana, not less than 10 days before ':he time such bids will be opened.
PASSED AND ADOPTED by the City Commission of the City of Bozeman at a regular
session thereof held on the 8th day of May, 1974.
COMMISSION RESOLUTION NO. 1674
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ATTEST: ./ -,
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State of MOntana )
County of Gallatin : ss
City of Bozeman
I, Erna V. Harding, Clerk of the Commission of the City of Bozeman, do hereby
certify that the foregoing Resolution No. 1674 was published by title and number in the
Bozeman Daily Chronicle, a newspaper of general circulation printed and published in Bozeman
in the issue of the 17th day of May 1974, 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 19th day of June, 1974.
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~~;~~v: HARD~<'lc'7
Clerk of the City Commission
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COMMISSION RESOLUTION NO. 1674
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