HomeMy WebLinkAboutResolution 2083 Proposed Project Under Section 90-8-104 MT Code Annotated
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COMMISSION RESOLUTION
NO. 2083
A RESOLUTION CALLING FOR A PUBLIC HEARING ON A PROPOSED PROJECT
UNDER
SECTION 90-5-104 MONTANA CODE ANNOTATED
BE IT RESOLVED by the City Commission of and for the City of Bozeman,
State of Montana,
as follows, to-wit:
I
L Recitals.
This City is authorized by Section 90-5-104, Montana Code Annotated
(hereinafter, the Act), to acquire, whether by construction,
purchase, devise, gift or
lease, or anyone or more of such methods, any land, any building or other improvement,
and all real and personal properties deemed necessary in connection therewith, whether or
not now in existence, which shall be suitable for use for commercial, manufacturing or
industrial enterprises, recreation or tourist facilities,
and hospitals or long-term care
facilities. To defray the cost of acquiring and improving any such project, the City
is
authorized by the Act to issue its revenue bonds and sell such bonds at public or private
sale in such manner and at such time as may be determined by this bOdy
to be most advan-
tangeous. Such bonds are to be secured by a pledge of the revenues to be derived
by the
City from the project, and may be secured by a mortgage and by a pledge of the lease and
by such other security devices as may be deemed advantageous.
A petition has been present-
ed to this City Commission by the Montana Bank of Bozeman, N.A., requesting that the City,
acting pursuant to and in accordance with the act,
issue revenue bonds of the City in an
amount presently estimated to be approximately $4,000,000.00.
Under the provisions of the
obligations of the City; and the bonds and interest coupons
shall not constitute nor give
rise to a pecuniary liability of the City or a charge against its general credit or taxing
powers.
2. Public Hearing.
Chapter No. 304 of the Montana Session Laws of 1974, effective on
July 1, 1974, requires that prior to the issuance of any bonds under the authority of the
I
Act, this Commission shall give notice and hold a public hearing on the project.
Pursuant
to such authority, a public hearing onfue proposed project is called and shall be held on
the 29th day of August, 1979, at 1:15 o'clock, p. m.,
in the Commission Chambers, City Hall,
Bozeman, Montana. The project and bonds as described in Paragraph One above are
hereby given
preliminary approval, subject to the conduct of the public hearing.
3. Publication of Notices.
The Clerk of the City Commission of and for the City of
Bozeman, shall cause notice to be published in a newspaper of general circulation in the
City at least once a week for three consecutive weeks prior to the date set for the hearing,
the last such publication being at least seven days before the date of the hearing, exclud-
~
ing the day of publication.
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CITY COMMISSION OF AND FOR THE-CITY OF BOZEMAN
ATTEST:
--
Erna
I
State of Montana
)
County_of Gallatin)
City of Bozeman
)
I, Erna V.
Harding, Clerk of the City Commission of the City of
Bozeman, do hereby certify that the foregoing Resolution No.
2083 was
published in length in the Bozeman Daily ChroniSle, a newspaper
of
general circulation printed and published in said City, in the
issue
dated the 30th
day of July, and due proof of s~ch publication is on
file in my office.
IN WITNESS WHEREOF I hereunto set my hand and affix the corporate
seal of my office this 9th day of AugUS~1979. I( ~ c1!.. .'
~,.",. ~ ~.,~
Clerk of the-City Commission
~QMMlSSION RESOLUTION
NO. 2083
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