The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1903-11-13
M. G. M. LAND coMPANY's OFFER
DECLINED.
CITY SUBMITS PROPOSITION
Agrees to Accept $13,4o2.12 in Full
Liquidation and Pay for
Two Parks.

While wishing very much for set
tlement of the differences existing be-
tween the city and the Minnesota &
Montana Land & Improvement COM
pany and anxious to secure payment
OF the money due the city by the COM
pany on account of judgment rem
dered against the latter, the city coun-
ell is still not eager enough to accept
the proposal made by the company
through l. D. O'Donnell at the last
regular meeting of the council and
it remains with the company to ex-
press itself as regards counter propo-
s.tion the council now submits.
The matter came up at the adjorun-
ed regular meeting held last Tuesday
evening on report OF the finance
committee, to which the proposition
OF the company had been referred.
The Committees Report.
Following is the report and recon-
mendation made by the committee:
ITO the Honorable Mayor and City
Council of the City of Billings, Mon
tana:
"Gentlemen: we, your committee
| to whom was referred the proposal
of the Minnesota & Montana Land
and Improvement company for settle
ment of the litigation now pending
with the city of Billings in the matter
of the tax on account of special i'm
provement district No. / of the city
of Billings, which proposal was SUBJ
mitted by Mr. l. D. O'Donnell, mana
ger of said company, at the meeting
of the council held on the I'd inst,
said proposal conveying an offer of $9,-
900 cash and the tracts Of land known
as the South park and the North park
of Billings, beg to report as follows:
! I'VE have ascertained that there will
be due December 1, 1908, from the
Minnesota & Montana Lana and I'M
provement company for taxes, interest,
penalty and publication fees on ac-
count of special improvement district
No. 1, the sum of s14,569.20 There
will be due from individual property
holders on the same account, $2,009.29.
Total, $16,57S.49.
There is now held by the Billings
banks unpaid warrants issued on ac-
1
count of special improvement district
No / amounting to the sum of ST.
| 36O.61. Accrued interest on the same
is $7,179.24; outstanding unregistered
warrants, principal and interest,
$262.27. Total, 14,S02.12.
"a careful estimate OF the amount
of taxes collectable from individuals
on this account is $1,4OO, leaving a
balance to be paid from other sources
of s1s, ,4O2.12:
"After due deliberation your COM
mittee recommends to your honorable
body that the proposal of the Mime.
sofa & Montana Land and Improve
ment company, above referred to, be
rejected.
"We further recommend that the
city agree to settlement of the con-
troversy upon the following terms:
The payment by the land company
of the sum of $13,40212 to the city
in full liquidation of the liability OF
the city on account of the outstanding
warrants on the fund of special i'm
provement district No. l, as it. appears
from the foregoing statement.
"Second-The city to purchase from
the said Minnesota & Montana Land
and Improvement company the tracts
of land known and described as the
South, park, the North park (also
known as the Fair grounds), fractional
block numbered 81, and the fractional
block west of block so at the inter
section of Thirty fourth street and
Third avenue, north, all being located
in and adjacent to the original town
(now city, of Billings, Mont, paying
therefor the sum of $3,402.12.
Respectfully submitted.
THOMAS J. BOUTON,
GEORGE A. BERKY,
III. G.. WILLIAMS,
Finance Committee"
Its Adoption Moved.
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