HomeMy WebLinkAboutResolution 1247 Parking Facilities
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COMMISSION RESOLUTION No. 1247
A RESOLUTION OF THE COMMISSION OF THE CITY OF BOZEMAN, MONTANA,
AUTHORIZING THE MAYOR AND THE CLERK OF SAID CITY COMMISSION TO
EXECUTE SECURITIES IN PART PAYMENT OF THE PURCHASE OF PARKING
FACILITIES AND TO SECURE THE PAYMENT THEREOF BY A PLEDGE OF REV-
ENUES FROM THE SAID PARKING FACILITIES AND OF ALL REVENUES FROM
ANY AND ALL STREET PARKING METERS 01NNED OR TO BE OWNED AND CON-
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TROLLED BY THE CITY OF BOZEMAN, MONTANA, UNDER AND PURSUANT TO
THE POWERS SET FORTH AND ENUMERATED IN SECTION 11-1018, REVISED
CODES OF MONTANA,
1947 .
WHEREAS, the City of Bozeman by and through the City Commission, upon
the
recommendation and approval of the City Manager, has heretofore entered into
negotiations with Jefferson Jnne s and Moses C. Jones for the purcha se of Lo ts
Nine (9), ten (10), Eleven (11) and Twelve
(12) in Block "A" of Tracy's Second
Addi tion to the Ci ty of Bozeman, according to the official plat thereof on file
and of record in the office of the County Clerk and Recorder, Gallatin County,
Man tana, for the sum of Forty-two Thousand Five Hundred Dollars
($42,500.00); and,
WHEREA S , it appears to the Oi ty Commis sian of the City of Bozeman
tha tit 1s
to the best interest of the Ci ty of Bozeman to complete said purchase; and,
WHEREAS, the City of Bozeman has on hand in the parking meter fund
of said
city the sum of Thirty Thousand Dollars ($30,000.00) available for the purchase
of Off Street parking facilities; and
VVREREAS, under and pursuant to the provisions of Section 11-1018, R.C .M. 1947,
the City Commission is authorized to aCGuire off street parking faci,lities by
purchase and to pay for the same, in whole or in part, by securities payable from
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revenues of parking lots and parking faci Ii tie s and to pledge as a ddi ti anal securi ty
for the payment of such purchase price all revenues from any and all street parking
meters owned or to be owned and controlled by said city; and,
WHEREAS, the Firs t Na tiona 1 Bank of Bozeman, M')n tana, is will ing
to loan to
the City of Bozeman, Mon tana, the sum of Twelve Thousand Five Hundred Dollars
($12,5,:)0.00) , representing the balance due on the purchase of the above described
off street parking lot, with interest at the rate of four-percent (4%) per annum,
payable over a term of thirteen (13) years,
in monthly installments of One Hundred
Three Dollars ($103.00) per month, said note
to be secured by a pledge of the re-
venues of said parking lot and all revenues from street parking meters owned or to
be owned and controlled by said city.
NOW, THEREFORE, BE IT RESOLVED
BY THE COMMISSION OF THE CITY OF BOZEMAN
AS FOLLOWS:
1. That the Mayor of the City of Bozeman, Montana, and the Clerk of the City
Commission be, and they hereby are au thor ized for and on behalf of the Ci ty of
Bozeman, to make, execute and deliver to the First National Bank in Bozeman, Montana,
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a promissory note in the sum of Twel va Thousand Five Hundred Dollars ($12, 5UO
.00) ,
together with interest at the rate of four percent (4%) per annum, payable in
thirteen (13) years in monthly installments in the sum of One Hundred Three Dollars
($103.00) per month, commencing January 10, 1966, and continuing to December 10,
1978, in part payment of the purchase price of the above described lots to be used
as an off street parking facili ty and to pledge the revenues from said parking lot
and other parking facilities in the City
of Bozeman and all revenues from any and all
Commission Resolution No.
1247
~t25
street parking meters owned or to be owned and controlled by the City of bozeman,
Man tana , as security for payment. of said promissdr' y note.
2. Tha t the
City Treasurer of the City of Bozeman, Montana, be and
he hereby is authorized and directed to execute and deliver a warrant in
the amoun t
I of Thirty Thousand Dollars ($30,000.00)
to 1he order of Wai te & Co., as agen ts
for Jefferson and Moses C. Jones, as part payme~t of the purchase price of the
above described lots to be used as of f street pa rking facili tie s in
the C1 ty of
Bozeman, Mon tara.
PASSED AND ADOPTED by the City Commission at its regular meeting held on
the 8th day of December, 1965
ATTEST:
;;/ / (.-'/ /
'S~'t ;~ >~i~c~cf;r Commission
CERTIFICATE
------
S te. te of Man taw; )
County of Gallatin:ss
City of Bozeman )
I, Erna V. Harding, the duly appointed, qualified and acting Clerk
of the City Commission of The City of Bozeman, Montana, and as such Clerk
having the custody and control of the official records of the proceedings
of said City Commission and of the City ordinances and Commission Resol-
I utions of The City of Bozeman.
DO B~REBY CERTIFY;
t:t1a t the attached Commiss ion Resolu tion No. 1247
is a full, true and correct copy of said resolution and bas been compared
by me with the original on file in my office as Clerk as aforesaid.
IN WITNESS \~EREOF I hereunto set my hand and affix the corporate
seal of the City of Bozeman this 8th day of December, 1965.
J.) .. ...~/
. /. ( .4 _ /
i;;;::' .<--t--'7..r:'~'
l, ~/t:."t"-'Z_~(" : .k...'~'
Clerk of the City/'Oommission
of The City of Bozeman,
Montana
- - -
State of Montana )
Coun ty of Galla tin: SS
Ci ty of Bozeman )
I, Erna V. Harding,
Clerk of the C()mmt~3 ',ion ()i' Tb.::~ Cit7 of
Bc>::om:\n
. . . . - ~
do hereby certify tha t the forego ing Resolu tion No. 1247 was published
by ti tIe and number in the bozeman Daily Chronicle, a newspaper of gen-
eral circulation printed and published in said City in the issue of the
13th da y of December, 1965,
and due proof of such publica tion Is on file
in my office.
IN WITNESS WHEREOF I hereunto set my hand and affix the corporate
seal of my office this 20th de. y 0 f December,
1965.
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Commission Resolution No. 1247