HomeMy WebLinkAboutResolution 1687 Special Improvement District 538
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COMMISSION RESOLUTION NO. 1687
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WHEREAS, the City Commission of the City of Bozeman, Montana, did on the -~::JL;'.~.':{_
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24th day of April, 1974, pass a Resolution creating Special Improvement District No.
538, for the purpose of constructing and installing concrete pavement, curb, and gutter,
I and necessary appurtenances, and storm drainage pipe, inlets, manholes, ditches and appur-
tenances necessary in said City; and,
WHEREAS. the said Commission did, on the 2nd day of October, 1931, cr~ate
a Special Improvement District Revolving fund under the provisions of Section 11~2269
of the Revised Codes of Montana, 1947; and,
WHEREAS, on the 12th day of June, 1974, D. /4.:.. Davidson, Inc., agreed to purchase
the bonds to be issued by said District, upon condition that the Commission 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 Commission with respect to said revolving fund and special
improvement districts.
NOW, THEREFORE. BE IT RESOLVED by the City Commission of the City 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 from the revolving fund to the
I 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 11-2270, R.C.M., 1947, by annually making such tax levy
(or, in lieu thereof. such loan from the general fund) as the Commission shall determine
to be required to provide the funds sufficient for the purposes herein expressed, subject
to the maximum limitations imposed by said Section 11-2270. The undertakings and agree-
ments provided for herein are made pursuant to the provisions of Section 11-2271(2),
R.C.M., 1947.
Passed and adopted this 10th day of July, 1974.
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/ EDMUND P. SEDIVY, 8r.v~( Mayor
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ERNA V. HARDING ~
I Clerk of the City Commission
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. 1687 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 14th day of July 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 11th day of July. 1974.
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ERNA V. HARDING ~
COMMISSION RESOLUTION NO. 1687 Clerk of the City Commission
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