HomeMy WebLinkAboutResolution 1459 Borrowing from Montana Aeronautics Commission for a Master Plan for Gallatin Field
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COMMISSION RESOLUTION NO. 1459
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<, . .f'*" j 'fir. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA,
~6PV RATIFYING, APPROVING, AND CONFIRMING THE ACTION OF THE GALLATIN FIELD
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.-{);/ ,) ,J BOARD OF THE COUNTY OF GALLATIN,
MONTANA, AND THE CITY OF BOZEMAN,
.,Y t.v.-' MONTANA, IN BORROWING FROM THE MONTANA
AERONAUTICS COMMISSION OF THE
STATE OF MONTANA, THE SUM OF 'IWENTY THOUSAND
DOLLARS ($20,000.00) FOR
THE PURPOSE OF FINANCING A COMPLETE MASTER
PLAN TO BE DEVELOPED FOR
GALLATIN FIELD, AND OBLIGATING THE CITY
OF BOZEMAN, MONTANA, TO RE- I
PAY SAID CITY'S PROPORTIONATE SHARE OF
SAID LOAN.
WH.E REAS , the Gallatin Field Board of the City of Bozeman, Montana, and
the County of Gallatin
Montana, has applied to the Montana Aeronautics Commission of the State of Montana for a loan of
state funds in the amount of Twenty Thousand Dollars ($20,000.00) together with
interest thereon
at the rate of 4.5% per annum on the unpaid balance of the principal until paid to be expanded as
the sponsor's share in developing a complete master plan for Gallatin Field and financed through
the Planning Grant Program of the Federal Aviation Administration; and
WHEREAS, said Gallatin Field Board has passed and enacted a certain resolution concerning said
loan and prescribing the termS of repayment thereof, a copy of which resolution is hereto annexed
and marked Exhibit A and hereby made a part hereof; and
WHEREAS, it is necessary, under the law, for the
City of Bozeman, Montana, by and through its
regularly constituted City Commission, to ratify, approve and confirm said resolution
attached
hereto and marked Exhibit A; and
WHE REAS , it is necessary for said City of Bozeman, Montana, by and through
its duly and re-
gularly constituted City Commission to obligate itself to repay its proportionate share of said
loan;
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana:
1. That said resolution hereto attached, marked Exhibit A of the Gallatin Field
Board of the
City of Bozeman, Montana, and the County of Gallatin, Montana, is hereby ratified, confirmed and
approved in all things.
2. That the City of Bozeman, Montana, does hereby obligate itself to repay to
the Montana I
Aeronautics Commission of the State of Monta, by and through the Gallatin Field Board of the City
of Bozeman, Montana, and the County of Gallatin, Montana, the sum of Ten Thousand
Dollars ($10,000.00)
as its proportionate share of said loan during the period of time beginning with the 15th day of
July, 1972 and ending with the 15th day of July, 1981, and at the times set forth in Exhibit A
hereto attached, and further, the City of Bozeman, Montana, does hereby agree that it will make
the necessary tax levy or levies to provide its said proportionate share of funds so received, Pur-
suant to said tax levy or levies, to the repayment of its said proportionate share, pursuant
to the
termS and conditions prescribed by the State of Montana by and through the Montana Aeronautics
Commission, all as is set forth in Exhibit A hereto attached.
3. That the City of Bozeman, Montana, will approve and provide a provision in
the budget of
the Gallatin Field Board of the City of Bozeman, Montana, an
which will make available funds for repayment of said loan i
in Exhibit A set forth.
First passed by the City Commission of the City of Boze
March, 1971.
ATTEST:
Commission
Commission of the City of B
1971.
ATTEST:
I
State of Montana )
County of Gallatin :
Ci-ty of Bozeman ,
I, Erna V. Harding, Clerk of the Commission of the City of Bozeman, do hereby certify the
foregoing , Commission Resolution No. 1459 was published
- in the
Bozeman Daily Chronicle, a newspaper of general circulation, printed and published in said
CDty in the issue of the 22nd day of March, and due proof of such publication in on file
in my of fice.
IN WITNESS WHEREOF I hereunto set my hand and affix the corporate seal of my office this
22nd day of March, 1971. ::;; Ie"::;
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Commission Resolution 1459 C1r'< of the Ci Iy C
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