HomeMy WebLinkAboutResolution 4682 Amending the Municiple Budget for FY 2015-2016 NOTICE OF PUBLIC HEARING FOR BUDGET AMENDMENT
NOTICE IS HEREBY GIVEN that, pursuant to the provisions of Section 7-6-4021, Montana
Code Annotated, the City Commission of the City of Bozeman, Montana will conduct a public
hearing on amending the municipal budget for Fiscal Year 2015-2016, embodied in
Commission Resolution No. 4682, at 6:00 pm on Monday, March 21st, at City Hall, 121 N.
Rouse Avenue, Bozeman, Montana.
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA,
AMENDING FISCAL YEAR 2016 (FYI 6) BOZEMAN MIDTOWN (FORMERLY NORTH
SEVENTH) TAX INCREMENT FINANCE DISTRICT FUND BUDGET TO INCLUDE
ADDITIONAL EXPENDITURES OF $150,000 FOR INCREASED COSTS AND CHANGE
ORDERS RELATED TO THE COMPLETION OF PHASE 2 OF THE NORTH SEVENTH
LIGHTING AND SIDEWALK PROJECT
Copies of Commission Resolution No. 4682 are on file in the office of the City Clerk, City Hall,
121 N. Rouse Avenue, and may be examined by all interested citizens.
Any and all interested persons are invited to attend the public hearing and to submit testimony
in support or in opposition to the proposed budget amendment or to submit written testimony
prior to or during the public hearing. Written testimony can be submitted to the Acting City
Clerk, a enda bozeman.net, PO Box 1230, Bozeman, Montana 59771.
If you have a disability that requires assistance, please contact the City of Bozeman's Interim
ADA Coordinator, Chuck Winn, cwinn @bozeman.net, at 582-3232 (TDD 582-2301). If you
have questions about the budget proposal, please contact Administrative Services Director
Anna Rosenberry, arosenber!y a?bozeman.net at 582-2325.
Dated this 8TH day of MARCH, 2016
Pearl ichalson,Acting City Clerk
Legal Ad
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Publish: Sunday, Mar 13, 2016
Sunday, Mar 20, 2016
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COMMISSION RESOLUTION NO. 4682
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
BOZEMAN, MONTANA, AMENDING FISCAL YEAR 2016 (FY16)
BOZEMAN MIDTOWN (FORMERLY NORTH 7TH) TAX INCREMENT
FINANCE DISTRICT FUND BUDGET TO INCLUDE ADDITIONAL
EXPENDITURES OF $150,000 FOR INCREASED COSTS AND CHANGE
ORDERS RELATED TO THE COMPLETION OF PHASE 2 OF THE
NORTH SEVENTH LIGHTING AND SIDEWALK PROJECT
WHEREAS, on June 1, 2015, the North 7th Urban Renewal District (the District) presented
their annual work-plan report and budget request for Fiscal Year 2016 to the City Commission; and
WHEREAS, the City Commission exercises its authority to adopt budgets and authorize
expenditures for the District in accordance with Montana Code Annotated 7-15-4281; and
WHEREAS, the City Commission did, on the 23rd day of June, 2015, after due and proper
legal notice conduct a public hearing on and adopt Resolution No. 4602 - A RESOLUTION OF THE
CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA,APPROPRIATING FUNDS FOR
VARIOUS BUDGET UNITS, AND FURTHER ESTIMATING REVENUE NECESSARY TO
OPERATE AND MAINTAIN SERVICES OF MUNICIPAL GOVERNMENT FOR THE FISCAL
YEAR ENDING JUKE 30,2016; and
WHEREAS, on December 14, 2015, the City Commission did adopt Resolution No. 4644 --
amending the Fiscal Year 2016 North 7th Tax Increment Finance District Budget to include Additional
Expenditures of$554,000 for Constructing a City-Owned Conduit System to Incentivize the Provision
of Next Generation Fiber Optic Telecommunication Facilities by the Private Sector within the Urban
Renewal District; and
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WHEREAS, on November 16, 2015, the City Commission changed the name of the North
Seventh Urban Renewal District to the Bozeman Midtown Urban Renewal District, pursuant to
Ordinance 1925 with an effective date of December 17, 2016; and
WHEREAS, on March 1, 2015 the District approved a motion to further amend the work-plan
and budget to include$150,000 for increased costs and change orders related to the completion of Phase
2 of the North Seventh Lighting and Sidewalk Project; and
WHEREAS, the North 71h Tax Increment Finance District Special Revenue Funds are to be
expended on projects included in the North 71h Urban Renewal District's work-plan, to benefit the
District; and
WHEREAS, the City Commission did, on the 14 day of March, 2016, after due and proper
legal notice, conduct a public hearing on the proposed budget amendments.
NOW,THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman,
Montana,to wit:
Section 1 —Appropriation Additions
The City Commission of the City of Bozeman, Montana, does hereby authorize additional
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expenditures within the North 7 Tax Increment District Fund in Fiscal Year 2015 in the following
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amounts:
North 71h Tax Increment District Fund- 143:
Cost increases and change orders related to the N. 7th Lighting and Sidewalk Project
$ 150,000
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GRAND TOTAL—Additional Appropriations 150 000
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Section 2—Use of Fund Reserves
The increased appropriations shall be funded from un-used cash reserves in the North 71h Tax
Increment District Fund. Amended appropriations include capital carry-over items from FYI 5,in
accordance with Resolution No. 4602, and the amendment contained in Resolution No 4644. Current
Beginning and Ending Reserves estimates are as follows:
Beginning FY16 Estimated Revenues Amended Amended FYI Ending
Appropriations Balance
$2,045,705 $728,013 $1,804,980 $968,738
Section 3
Pursuant to Section 7-6-4030, M.C.A., this resolution, upon its passage, shall be in fall force
and effect on July 1,2015.
Section 4
That should it be found by any court of competent jurisdiction that any section, clause,portion,
sentence, word, or phrase of this resolution is deemed to be contrary to any existing law or regulations,
that in this instance, it is the intent of the City Commission of the City of Bozeman, Montana, that all
other portions, sections, words, clauses, phrases, or paragraphs of this document shall remain in full
force and effect.
PASSED AND APPROVED by the City Commission of the City of Bozeman, Montana, at a
regular session thereof held on the 21 st day of March, 2016.
CARSON TAYLOR
Mayor
ATTEST:
City Clerk
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APPROVED AS TO FORM:
SULLIVAN
City Attorney
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