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HomeMy WebLinkAbout15- Formal Notice of Public Hearing for Resolution of Intent to Create Arterial and Collector Street Special DistrictNOTICE OF PUBLIC HEARING CONCERNING RESOLUTION OF INTENTION TO CREATE THE ARTERIAL AND COLLECTOR STREET SPECIAL DISTRICT, CITY OF BOZEMAN, MONTANA NOTICE IS HEREBY GIVEN that on Monday, June 22, 2015, the Bozeman City Commission (the “Commission”), will consider a Resolution of Intention to Create the Arterial and Collector Street Special District (the “District”) for the purpose of funding the improvements related to arterial and collector roadways (the “Improvements”) and assessing the costs therefore to benefitted property by the annual levy of a special assessment. A complete copy of the proposed Resolution of Intention to Create the Arterial and Collector Street Special District (the “Resolution”), which includes the boundaries of the proposed District, is on file with the Bozeman City Clerk and may be viewed at: http://weblink.bozeman.net/WebLink8/Browse.aspx?startid=83144&dbid=0. The Resolution more specifically describes the nature of the Improvements, the boundaries and the area included in the District, the location of the Improvements and other matters pertaining thereto. The record of the May 18, 2015 Commission meeting contains information regarding the need for the District and the plan for funding and assessment once the District is created (see report for Fiscal Year 2016 Budget Work Session Transportation Issues and Funding). All properties in the District, comprised of the entire incorporated city, will be assessed for their proportionate share of the costs of the Improvements which will be payable in equal semiannual installments. The annual costs of the Improvements in the first year are estimated to total $576,000, and shall be assessed against each lot or parcel of land based upon its total square footage. The total area of the District to be assessed is estimated to be 200,521,000 square feet. The initial cost of the Improvements is estimated to be $0.002873 per square foot. A typical residential parcel is estimated to be assessed $21.54 for the year. On Monday, June 22, 2015, at 6:00 p.m., in the Commission Room of City Hall, 121 N Rouse Avenue, Bozeman, Montana, the City Commission will conduct a public hearing and consider adoption of the Resolution of Intention to Create the District. Further information regarding the proposed District or other matters in respect thereof may be obtained from the City Clerk at City Hall, 121 N Rouse Avenue, Bozeman, Montana, or by telephone at (406) 582- 2320. Dated: June 11, 2015 BY ORDER OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA Stacy Ulmen, CMC City Clerk Legal Ad Publication Dates: Sunday, June 14, 2015 & Sunday, June 21, 2015