HomeMy WebLinkAboutResolution No. R19-68CERTIFICATE AS TO RESOLUTION AND ADOPTING VOTE
I, the undersigned, being the duly qualified and acting recording officer of the City of
Laurel, Montana (the "City"), hereby certify that the attached resolution is a true copy of
Resolution No. R19-68, entitled: "RESOLUTION RELATING TO SPECIAL IMPROVEMENT
DISTRICT NO. 119; FINAL LEVY OF SPECIAL ASSESSMENTS ON PROPERTY WITHIN
THE DISTRICTS FOR THE PURPOSE OF FINANCING THE COST OF CERTAIN LOCAL
IMPROVEMENTS" (the "Resolution"), on file in the original records of the City in my legal
custody; that the Resolution was duly adopted by the City Council of the City at a meeting on
September 10, 2019, and that the meeting was duly held by the City Council and was attended
throughout by a quorum, pursuant to call and notice of such meeting given as required by law;
and that the Resolution has not as of the date hereof been amended or repealed.
I further certify that, upon vote being taken on the Resolution at said meeting, the
following Council Members voted in favor thereof. Sparks, Herr, Wilke, Klose, McGee ;
voted against the same: ;
abstained from voting thereon: ;
or were absent: Mountsier, Stokes Eaton
WITNESS my hand officially this 10th day of September, 2019.
Bethany v Cle -Treasurer
RESOLUTION NO. R19-68
RESOLUTION RELATING TO SPECIAL IMPROVEMENT
DISTRICT NO. 119; FINAL LEVY OF SPECIAL
ASSESSMENTS ON PROPERTY WITHIN THE DISTRICTS
FOR THE PURPOSE OF FINANCING THE COST OF
CERTAIN LOCAL IMPROVEMENTS
BE IT RESOLVED by the City Council of the City of Laurel (the "City"), Montana, as
follows:
Section 1. The District; the Improvements. Pursuant to Montana Code Annotated, Title
7, Chapter 12, Parts 41 and 42, as amended (the "Act"), the City has created a special
improvement district, denominated Special Improvement District No. 119 (the "District") and
undertaken certain local improvements in the District (collectively, the "Improvements") to
benefit property located therein.
Section 2. The Bonds. Pursuant to the Act, the City will issue its special improvement
district bonds drawn on the District, denominated "City of Laurel Special Improvement District
Bond (Special Improvement District No. 119), Series 2019," in the original aggregate principal
amount of $41,000 (the `Bond"), to finance a portion of the costs, including incidental costs, of
the Improvements. The Bond is payable primarily from special assessments to be levied against
property in the District.
Section 3. Method of Assessment. Pursuant to Resolution No. R19-14, adopted by this
Council on May 7, 2019, and which constitutes the resolution of intention to create the District,
this Council determined to levy special assessments to pay the costs of the Improvements on the
basis or bases therein provided as authorized by the Act.
This Council hereby ratifies and confirms that the assessment of costs of the specific
Improvements against the properties benefited thereby as prescribed by such resolution of
intention are equitable and in proportion to and not exceeding the special benefits derived from
the Improvements by the lots, tracts and parcels to be assessed therefor within the District, and
the special assessments authorized by this resolution are in accordance with the methods and do
not exceed the amounts prescribed by the resolution of intention.
Section 4. Public Hearing; Ob'ecti ions. This Council, on August 20, 2019, adopted
Resolution No. R19-46, pursuant to which this Council declared its intention to levy and assess
the special assessments in the District. Notice of passage of such resolution was duly published
and mailed in all respects in accordance with law, and on September 10, 2019, this Council
conducted a public hearing on the levying and assessment of the special assessments.
This Council has considered the objections, if any, submitted to the proposed assessments
and other comments made at the public hearing. This Council has determined not to modify any
of the special assessments appearing in the proposed assessment roll attached as Exhibit A to
such resolution.
Section 5. Final Levy of Assessments. (a) The special assessments for the costs of the
Improvements shall be levied and assessed against properties in the District in accordance with
the methods of assessments referred to in Section 3. Such assessments shall be payable over a
terin not exceeding 20 years, each in substantially equal semiannual payments of principal and
interest. Property owners shall have the right to prepay the special assessments as provided by
law.
(b) In accordance with the Act, the special assessments shall bear interest from the date
of delivery of the Bond until paid at a rate equal to 4.45% per annum, which is equal to the sum
of (i) 3.95% (the interest rate payable on the Bond), plus (ii) one-half of one percent (0.50%) per
annum.
(c) Exhibit A to this Resolution (which is hereby incorporated herein and made a part
hereof) contains a description of each lot, tract or parcel of land in the District to be assessed, the
name of the owner, if known, the total amount of the special assessment levied against each lot,
tract or parcel, the amount of each partial payment of the special assessment, and the day when
each such partial payment shall become delinquent.
Section b. Certification of Assessments. A copy of this resolution, including Exhibit A
hereto, certified by the City Clerk -Treasurer shall be delivered to the County Clerk and Recorder
within two days after the adoption hereof.
Section 7. Further Actions. Officers of the City are further authorized and directed to
take all actions as may be required by law to assure that the special assessments levied by this
resolution are duly certified, assessed and collected in accordance with law.
ADOPTED by the City Council of the City of Laurel, Montana, this 10th day of
September, 2019.
_. T mas C Nelson, Mayor
Attest:
jlc/�
Bei any I ve, e c -Treasurer
Approved as to form:
Sam S. Painter, Civil City Attorney
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09/11/19 CITY OF LAUREL Page: 1 of 1
10:06:52 Assessment Detail 2019 Report ID: T105A
Inactive Properties Included, SA/SID # Codes from SID 119 to SID 119
SID 119 E 6TH STREET - SIDEWALKS
Ta:: ID Name
Area Frontage
------------ ------------ -
BO11010 GRUTSCH, BRYAN M
B01101A LIND, JAMES L & DENISE I
B011020 RIVERA, TABATHA
B011030 BANEY, MIKE E & JAN L
B011120 MAACK, THOMAS & KAMI L
B011130 LUCE, MELINDA
B011250 SCHREINER DAVID D & KAREN
B011260 PHILHOWER, CORWIN
B01136A BAILEY, RICHARD W & JULIE K
B011370 SCHMIDT, HEIDI L
B011380 FRANKS, GREG D & WENDY M
Total for Assessment
Ta::able Rate Code Status
--------- --------- --------
Amount
--------------
Pay?
----
BILLED
31.40
2
BILLED
31.25
2
BILLED
150.25
2
BILLED
34.98
2
BILLED
717.62
2
BILLED
646.30
2
BILLED
244.34
2
BILLED
152.27
2
BILLED
463.32
2
BILLED
329.26
2
BILLED
165.48
2
2,966.47
t of Lines 11 Grand Total 2,966.47