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HomeMy WebLinkAboutResolution 727 Creating SID 367 for Water main 334 COMMISSION RESOLUTION N(). 727 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MJNTANA, CREATING A SPECIAL IMPROVEMENT DISTRICT OF SAID CITY TO BE KNOWN AND DESIGNATED AS SPECIAL IMPROVEMENT DISTRIC'r NO. 367 FOR THE PURPOSE CONSTRUCTING AND INSTALLING AN EIGHT INCH WA'rER MAIN ON NORTH SEVEN'rFI AVENUE BETWEEN DURSTON ROAD AND frHE NORTH CITY LIMITS OF THE CITY OF BOZEMAN, MONTANA, AND TO SPECIALLY ASSESS A CERTAIN PORTION OF THE COST OF SUCH CONSTRUCTION AND INSTALLAT ION AGAINST THE PROPERTY WITHIN THE BOUNDARIES OF SAID SPECIAL IMPROVEMENT DISTRICT SO CREATED ON A FRONT FOOT BASIS, PURSUANT TO THE STATUTES IN SUCH CASES MADE AND PROVIDED, AND PURSUANT TO AND IN CONFORMITY WITH COMMISSION RESOLu'rION NUMBER 721 OF SAID CITY COMMISSION AS PASSED I AND ADOPTED BY SAID cr TY COMMISSION ON THE lOth DA" OF SEPTEMBER, AD, 1952. WHEREAS: The City Gommission of the City of Bozeman, on the lOth day of September, 1952, passed and adopted Commission Resolution No. 721 declaring it to be theintention of said Commission to create Special Improvement District No. 367 of said City for the pur- pose of constructing and installing an eight inch water main on North Seventh Avenue be- tween Durston Road and the North City Limits of the City of Bozeman, Montana, which said Resolution, of record and on file in the office of the Clerk of said City Commission and open to the inspection of the public, is hereby referred to for further particulars; and WHEREAS; Due proof has been made that service 'of notice of the edoption of said Res- olution No. 721 was duly made and given as by law provided; and WHEREAS; At the time and place fixed in said Resolution No. 721 for the making and f~.ling of protests against the creation of said proposed Special Improvement District No. 367, to wit, at the hour of 1:00 o'clock P.M. On Wednesday, the first day of October, A.D. 1952, being a regular meeting time of said City Commission, at the Commission Chamber in the City Hall building of the City of Bozeman, no protests were made or filed against I the creation of said Special Improvement District No. 367; NOW, THEREFORE BE IT RESOLVED BY THE COMMISSION OF THE CITY OF BOZEMAN: S~ection 1. That said Special Improvement District No. 367 of the City of Bozeman, State of Montana, be and the same is hereby created for the purpose of making the im- provements as in said Resolution of Intention No. 721 and hereinafter described. Section 2. That said special improvements be, and the same are, hereby ordered to be made in said Special Improvement District No. 367, as follows: THE CONSTRUCTION AND INSTALLATION FOR AN EIGHT INCH WATER MAIN ON NORTH SEVENTH AVENUE BE'rWEEN DURSTON ROAD AND THE NORTH CITY LIMITS OF THE CITY OF B02EMAN,MONTANA Section 3. That the entire cost and expense of making the special improvement here- in referred to in said Special Improvement District No. 367 shall be paid by Special Im- provement District Coupon Bonds, as authorized by the laws of the State of Montana, which bonds shall be i~ the denomination of One Hundred ($lOO.OO)Dollars each, and fractions thereof where necessary, to be issued and chargeable against a fund to beknoNn as "Special Improvement District No. 367 Fund," said bonds to be redeemable at the option of the City of Bozeman, Montana, whenever funds are available for that purpose from said Special Im- provement District No. 367 Fund; said bonds shall draw simple interest at a ra~e not to I exceed six (6%) per cent per annum, which shall be chargeable 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, representing the cost of said improvement, a special assessment shall be levied against all of the lands within Special Improvement District No. 367 as in said Resolution of Intention No. 721 defined, each lot, piece and parcel of land within such boundaries to be assessed therefor in the proportion which its frontage bears to the frontage of all the land wi thin such boundaries, -- ---......---- . . .----.. ... --- 335 on a front foot basis. Section 4. Said assessment and taxes shall be payable in ten (10) annual install- ments extending over a period of nine (9) years, with interest on deferred payments; but this provision shall not be construed to prevent full payment at any time. Section 5. That the City Engineer be, and he is hereby, driected to prepare plans and specifications for the doing of said work, and the making of saidi~provements. I Section 6. rrhat pursuant to the provisions of, and authority conferred by Section 11-2232, Revised Codes of Montana, 1947, said bonds may be sold to the highest and best, b:tdder therefor for cash, and the proceeds of such sale used in makingpayment to the Contractor, or Contractors, for such work, 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. Sec tion 7. 'rha t the 01 erk of the Ci ty Gommis s ion of the City of Bo :>:eman, be, and is hereby, directed to publish a notice inviting proposals for the furnishing of materia.l and the doing of the work and the making of said Improvement in said Special Improvement District No. 367, which notice shall refer to the plans and i3pecifioations on file, by publishing such notice in two (2) issues of the Bozeman Daily Chronicle, a daily news- paper printed and published in the City of Bo zeman, not less than ten (10) days before the time such bids will be opened, which shall be at a meeting of the City Commission to Wednesday, be held on/the 5th day of November, 1952, at one o'clock P.M. of said day. I . Passed and adopted by the Commission of the Ci ty of Bozeman at a regular session thereof held on the 8th day of October, 1952. Attes~~ . ~~ c~o t e City Commission State of M mtana ) ) ss Oounty of GallEtin ) I, L. J. Shadoan, Clerk of the Commission of the City of Bozeman, do hereby certify that the foregoing Resolution was published by title and number in the Bozeman Daily Chronicle, a newspaper of general circulation printed and published in said City in the issue of October 10th, 1952. IN WITNESS WHEREOF I hereunto set my hand and affix the seal of my office this 11th day of October, 1952. /~~ Clerk of the Commission I Resolution No. 727