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HomeMy WebLinkAboutResolution 63 Create SID No. 255 CITY COlIJIMISSION RESOIJUTION NO. 63. A RESOLUTION OF THE CITY CO:MMISSION OF THE CITY OF BOZEMAN, MQNTAN.A., DECLARING IT TO BE TILE INTtiiNT ION OF SAID CITY COMI.~ISSION TO C:r:mATE A SPECIAl... IIf.PROVEII,[F,}IT DISTRICT TO B]~ .KNQ1VN AND DES IGNATED AS SmCIAL UWRO"i[lijMENT DISTRICT NO. 255 OF SAID CITY, FOR THE PURPOSIT; OF THE CONSTRUCTION OF CONCRET"8CUrrBS AN') STANDAIID OR WARH1'i',NlTE BITULITH- IC PAVE!.mJ:IT' ON THAT POHTIONOF CillVELAITD STHEETr3ET'V1i;EN THE EAST LINE OF EIGHTH AVE- NUE AND THE WEST LUTE OF TENTH A VENUE, ~UTHIN SAID CITY, AIm TO SPECIALLY ASSESS THE :SNTIRE COST AND EXPENSE OF MAlGNG SAID IMPROVEM!'iNTS AGAINST THE PHOPEI!.TY WITHIN SAID DISTHICT, U:NDEHAND BY VIHTUE m' THE PROVISIONS OF SECTION 5225 TO 5277 INCLUSIVE OF T BE HEVISED CODES OF MONTANA, 1921, AND ANY A.J'ITI1:NDliTI';NTS THERETO. BE IT RESOIJVFm BY THE COMMISSION OF THE CITY OF BOZEMAN: Sec. l. That it is hereby declared to be the intention of the City Commis- sion of the City of Bozeman. Stat e 0 f Montana, to create a special improvement dis- trict to be known and designated as Special Improvement District No. 2.55 of said Cit,y, for the purpose of making the improvements within ~3aid special improvement dis- trict herein described. Sec. 2. That the boundaries of said Speciul Improvement District No. 255 to be created are as follows: "Beginning at a point' in the east line of Eighth Ave. , said point being 100 feet south of the south line of Cleveland Street; thence west parallel wi th and 100 feet south of the said south line of Cleveland Street to the west line of Tenth Ave.; thence nor th along the said west line of Tenth Ave. to a point 100 feet north of the north ~ine of said Cleveland Street; thence east parallel with and 100 feet north of the said north line of Cleveland Street to the east 1 ine of Eighth Ave.; thence south along the said east line of Eighth Ave. to the place of beginning". Sec. 3. That it is hereby declared to be the intention of said City Com- miosion of the City of Bozeman, State of Montana, that all of the land wi thin said proposed spec~al improvement district as defined in Section 2 of th is Res oluti '1n. abutting on said improvement, will be specially and equally benefitted by the im- provements contemplated, and should equally bear the cost of said improvements in cordance with the laws of the State of Montana in such case made and provided. Sec. 4. That the character of the improvements to be made within said district is as follows: The construe tioD of Concrete Curbs and Standard or Warrenite Bituli thi'<: Pavement on that portion or Cleveland Street betw,een the east line of Eig)':lth Avenue and the west line of Tenth. Avenue. Sec. 5. That an approximate estimate of the cos tof do ing all of the \ includi~g excavation, curbs. pavement. engineering, inspection and incidentals, is Twelve Thousand, Nine Hundred Seventy-three and 55/100 Dollars ($12,973.55). Sec. 6. That the total frontage of the land wi thin said proposed distri ct to be taxed for the cost of fJaid improvements (exulusive of streets, A.venues, A.lleys and public places) is One Thousand, Three Hundred Sixty lineal feet (1360), and en approximate estimate of the cost of said improvement to be specially taxed seGsed against the l and therein, is $9.54 per front foot of said land. Sec. 7. That the enti're cost and expense of making said special ments in said proposed Distriot No. 255 shall be paid by Special Improvement District Coupon Bonds as authol'izedby the laws of the Stat e of Montana. wh ich bonds, shalL be rtthedenomination of One Hundred Dollars ($100.00) each and in .fractions where ecessary. to be issued and chargeable against a fund to 1)e knovm as Special Improve- ient District No. 255 Fund, said bonds to be redeemable at theoption.of the City of ...m..\;;.... O2leman, Montana, whenever funds are available fDr that purpose. from 'said Special Im- .!.;i;,'i.' , . rovement District No. 255 Fund. Said bonds shall draw simple interest at the rate fsix per cent. per annum, which shall be chargeable as a part of the cost of said mprovement and shall run from the date of the registration of said .bonds until said onds are paid. See. B. To pay said bonds and interest thereon, representing the cost of aid improvement,. a special assessment shall be levied against all of the lands with- n sa~d proposed Special Improvement District lto. 255 as hereinbefore defined, each .ineal foot of the frontage thereof to be asses'sed and taxed f()r its proportionate hare of such entire cost, exclusive of streets, avenues, alleys and public places. Sec. 9. Said assessrrent and taxes shall be payable in twenty-one annual nstallments with six per c€nt. annual interest on deferred payments commencing with he year 1927, but this provision shall not be construed to prevent full payment at .ny time. Sec. 10. That the regular session of the City Commission of the City of 02. eman, .. State of Montana, to "be held in the' Commiss! on Chamber, City Hall. BUildi~g, ".J.Di.:: :ity of Bozeman, on Friday, the 9th day of July, 1926, at 7:30 o'clock p.m. of sa~d r' ay, are. the time and place designated when and where the said Oi ty Commission wi 11 Lear and pass u~on all protests duly and regularly made and filed, ag~(inst said pro- .osed improvement and the creation of said proposed improvement district, and the ex- ent and character thereof, or of either t}'ereof. Sec. 11. That the Clerk of the said City Commission of the City of Boze- lan, State of Montana, be, and he is hereby directed to give notice as required by aw, of the adoption of this Resolution. '. Passed by the City Commission of the City of Bozeman, Montana, and approved 'y the Mayor of said City, this 18th day of June, A.D. 1926. ~f};2,~//~~{ .TTEST: :MAYOR. .~ l )tH~^Bwv.J 'LEHK OF THE COMMISS ION.