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HomeMy WebLinkAboutResolution 651 Creates SID No. 350 115 COMMISSION RESOLUTION NO. 651 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN CREATING A SPECIAL IMp... ROVEMENT DISTRICT TO BE KNOWN AS SPECIAL IMPROVEMENT DISTRICT NO. 350 OF THE CITY OF BOZEMAN FOR THE PURPOSE OF CONSTRUCTING CONCRETE CURBS AND ASPHALTIC PAVEMENT ON WEST COLLEGE STREET FROM EIGHTH AVENUE TO ELEVENTH AVENUE. WHER.EAS: At a regular session of the Commission of The City of Bozeman, State of I Montana, held on the 8th day of June, 1949, the said Commission duly passed Commission Resolution No. 650 declaring it to be the intention of said Commission to create a special improvement district to be known and designated as Special Improvement District No. 350 ofseid City for the purpose of constructing concrete curbs and asphaltic pavement on West College Street from Eighth Avenue to Eleventh Avenue in said City, and to specially assess a portion of the entire cost and expense in making said improvements within the said Dist- rict and by virtue of the provisions of the laws of the State of Montana, in such case made and provided, the remaining portion of such cost being borne by the Montana State Highway Commission and The City of Bozeman, as ie more particularly set forth in said Commission Resolution No. 650, and said Commission Resolution No. 650 is hereby referred to and made a part hereof for further particulars in respect to the boundaries of said Special Imp- rovement District No. 350, the estimated cost of said improvement and the method of assess. ing the same against the property of said District; and WHEREAS: Notice of the passage of said Commission Resolution No. 650 was duly pub... lished, as required by law, in the Bozeman Daily Chronicle, a daily newspaper of general circulation printed and published in The City of Bozeman, Montana, and by sending a copy I of such notice by U.S. mail to each person, firm or corporation having property within the proposed District at his or ite last known address, upon the 8~me day that suoh notice was first published as aforesaid; and due proof having been made of the publication and service of said notice; and WHEREAS: Within the time provided by law and said published and served notice there were not sufficient protests against the proposed work and against the creation of said proposed Special Improvement District No. 350; and the City Commission was in regular session on the 29th day of June, 1949, at one o'clock P.M. of said day at the Commission Chamber in the City Hall Building in the said City of Bozeman, the same being the time and place designated in said notice for passing upon all protests, if any, against the proposed work or against the creation or extent of said District, or both, or either; and it further appearing that all of the proceedings for the creation of said District have been lawful and regular; NOW, TBEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CrTY OF BOZEMAN: Section 1. That said Special Improvement District No. 350 of 1116 City of Bozeman, State of Montana, be and the same 1e hereby created for the purpose of making the improve- I ments as in said Resolution of Intention No. 65U, 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. 350, as follows: THE CONSTRUCTION OF CONCRETE CURBS AND ASPHALTIC PAVEMENT ON WEST COLLEGE STREET FROM EIGHTH AVENUE TO ELEVENTH AVENUE IN SAID CITY. Section 3. That that portion of the entire cost and expense of making the special improvements which is to be borne by the property owners within the said District shall be paid by Special Improvement District Coupon Bonds, as authorized by the Lawsof the State of ---..-.. -....-- 116 Montana, which bonds shall be in the denomination of One Hundred ($lOO.UO) Dollars each, and fractions thereof where necessary, to be issued and chargeable against a fund to be known as "Special Improvement District No. 350 F\:md", said bonds to be redeemable at the option of the City of Bozeman, Montana, whenever funds are available for that purpose from said Special Improvement District No. 350 Fund; said bonds shall draw simple interest at a rate not to exceed six (6%) per cent per annum, which shall be chargeable as a part of the I 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 a portion of the cost of said improvement, a special assessment shall be levied against all of the lands within said Special Improvement District No. 350 as in said Resolution of Intention No. 650 defined. Section 4. Said assessment and taxes shall be payable in ten (10) annual installments extending over Q 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. Tha t pursuant to the provisions, and au thori ty conferred by Subdivision 2 of Section 5250, Revised Codes of Montana, 1935, said bonds may be sold to the highest and best bidder therefor for cash, and the proceeds of such sale used in making payment 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 improvement for the City, or upon the entire complet1on of the improvements and the acceptance thereof by the City Commission. Section 6. That the City Commission of the City of Bozeman shall designate, and it I does hereby so designate, the Montana State Highway Commission of the State of Montana as its agent to prepare plans and specifications for the doing of said work and the making of said improvements, and to prepare and publish notices inviting proposals for the furn- ishing of material and the doing of said work and the making of said improvement in Spec- ial Improvement District No. 350, which notices shall refer to the plans and specificat- ions prepared by the Montana State Highway Comm1.ssion and on file therewith, by publish- ing such notice in two issues of the Bozeman Daily Chronicle, a daily newspaper printed and published in the City of Bozeman, not less than ten (10) days before the time such bids will be opened, which shall be at the time and place designated in such notice, and the saId City Commission of The City of Bozeman does hereby authorize the said Montana State Highway CommJssion to do the things above stated on its behalf and as its agent. Passed and adopted by the Commission of The City of Bozeman, at a regular session thereof held on the 29th day of June, 1949. Attest: @~~~ ~~~.10n .8 yor I State of Montana } } 8S County of Gallatin) I, L. G. Shadoan, Clerk of the Commission of the City of Bozeman, do hereby certify that the foregoing Resolution No. 651 was published by title and number in the Bozeman Daily Chronicle, a newspaperot generalclrc.ulation printed and published in said City, in the issue of .July 1st, 1949, and that due proof 1s on file in my office. IN WITNESS WHEREOF I hereunto set my hand and affix the seal of my office this 2nd day of July, 1949. c1;1~~on Resolution No. 651 - Page 2 -" .-.....,,-..--- --.."...... ---.-----