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HomeMy WebLinkAboutResolution 91 Create SID No. 264 ...-..-.. ---...--..... COM:MISS!ONRESOLUTION NO. 91. A RESOLUTION OF T:FIECOMMrSSION OF TEE CITY OF BOZEMAN, MONTANA, DECLARING IT TOJ;E TEE INTENTION OF SAID COMMISSIQNTO 11 CREATE A SPECIAL IMPROVEMENT DISTEICTTO BE KNOWN AND DESIGNATED AS SPECIAL IMPROVEMENT DISTRICT NO. 264 OF SAID CITY, FOR THE ! PURPOSE OF GRADING. PAVING WITH TWO COURSE CRUSHED GRAVEL MACADAM PAVEMENT CONSTRUCTING CONCRETE HEADERS AND INSTALLING SUCH DRAIN- AGE STRUCTURES AS MAY BE NECESSARY BETWEEN THE SOUTH LINE OF COLLEGE STREET AND THE NORTH LINE OF CLEVELAND STREET ON SOUTH GR~DAVENUE WITHIN SAID CITY, AND TO SPECIALty ASSESS THE ENTIRE COST AND EXPENSE 01,i' MAKING SAID IMPROVEMENTS AGAINST THE LAND WITHIN SAID DISTRICT .AS. CREATED. BE IT RESOLVED BY THE COMMISSION OF TI-IE CITY OF BOZEMAN Section 1- That it is hereby declared to be the intention of the Commission of the City of Bozeman, State of Montana, to create a Special Improveme.nt District to be known and designated as Special Improvement District No.?64 of said City for the purpose of making the improvements within said Special Improvement District hereinafter described. Section 2. That the boundaries of said Special Improvement Distrdet No. 264, to be created, are as follows:- Beginning ata point in the south line of W. Oollege ,street, said. point being 135 feet east of the east line of ~.Grand Avenue; thence. south parallel wi th ,andJ,3Q feet east of said east line oiS. Grand Ave- nue to the north line of W.Cleve1and street; thence west along said north lineaf W . Cleveland street to a po:J,nt155 feet west of the west line of' said S. Grand Avenue; thenoe north parallel withand:t35 feet west of said west line of S. Grand Aven].1.e to the south line of W. College street; thence east along said south line of W. College Street to the place of begin- ning. Section 5. That it is hereby declared to be the opinion of said Commission of the City of Bozeman, State of Montana that all of the land. within said proposed Special Improvement District as defined in Sectio,n 2 of this resolution, whether abutting on said improvement or not, will be specially and. equally benefitted by the grading, paving, installation of headers and culverts, and all of said improvements and should equally bear the cost of said improvements in accordance with the laws of the state of Montan$., in such case made and provided., Section 4. That the charaot$1' of the improvement to be made wi thin said Special Improvement District No. 264 is the grading;. the paving With two course crushed gravel macadam pavement and the installation of concrete header and such drainage structures as may be. necessary on S. Grand Avenue. between the south line of W. College Street and the North line of W. Cleveland Street in said City of Bozeman, Montana. / ;,',*:;'1;" Section 5. Tl1at an ap:gX'o:x:imatee;stimate ,of the cost of dOing the wO:r'Jcof cons't:ructingallof said improvements, includ;ing, .. -- ----. th~ grading, paving headers, drainage structures, engineering, inspect- ion and all incidental expenses, is Two Thousand One Hundred Ninety Eight ($2198.00J Dollars. Section 6. That the total area of the land within said pro- posed district to be taxed for the cost of said improvements (exclusive of streets, avenues, alleys and public places) is 170100 square feet and an approximate estimate of the cost of said Improvement, to be specially taxed and assessed against the land therein, is $0.012922 per s'lu(ire foot of said land. Section 7. That the entire cost and expense of making the special improvements herein set forth in said SpeciaJ,. Improvement District No. 264 shall be paid by Special Improvement District Coupon Bonds, as authorized by the Laws of the State of Montana, which bonds shall be in the denomination of One Hundred Dollars ($100.00) each, or fractions thereof where necessary, to be issued and chargeable against a fund to be known as "Special Improvement District No. 264 Fund", said bonds to be redeemable at the option of the City of Boz,eman, Montana, whenever funds are available for thatpurpos,e from said Special Improve- ment Distri~,tNo.; 264 Fu.nd~ Said bonds shall draw simple interest at the rate of ~ix percent per annum, whichlnterest shall be chargeable as a part of the cost .i':>f said improvement, and shall run from the date of the .' registration of ~aid bonds until said bonds are paid. Sect,ion 8. To pay said bonds, and interest thereon, repre- senting the cost of said improvement, a special assessment shall be levied against all of the lands within said proposed Special Improve.., ment District No. 264 as hereinbefore defined, each lot or parcel of land wi thin saidDi str iot to be asse ssed for that portion of the whole, cost in the proportion that the area of said lot, or parcel of land, bears to the area of the entire Distr:ict, exclusive of streets, avenues, alleys or public places. Section 9. Said assessment and taxes shall be payable in Seven annual installments, with six percent annp:al interest on deferred payments I commencing withtheyear-1928, but this provision shall not be construed. to prevent full payment at any time. Seotionl0. That the regular session of the Commission of the Oi ty of Bozeman, state of Montana, to be held in said Commission's room in the City Hall of said eJity of Bozeman,"on Friday, the 13th day , of April, 1928 at four o'clockp. m. of said day, are the time and place designated when and where the Commission will hear and pass; upon all protests du,J,yand relrrJ,.ymade and fili}d im:provement andthecrea.tlonio~ SpeC.1$.IIrnprovement District, and the - ---- __..u_ .---.....-.--- - __on ----.------.------ ----".._- extent and character thereof, or .of either thereof. Section n. That the Clerk of said Commission of Bozeman, State of Montana, be, and he is hereby directed to give notice as require'd by law, of the adoption of this Resolution. Passed by the Commission of the City of Bozeman, Montana, and approved by the Mayor of said City this 23nd day of March A. D. 1928. C3fdff/# yor ATTEST: lIiPi&:/ CJ,er 0 e . ommission of the City of Bozeman, Montana. 1 ! ,; 0" J;:.' '1."" I ..... ':c.; 1.